Owens Property Plant Equipment vs Net Receivables Analysis
OC Stock | USD 177.08 0.70 0.40% |
Owens Corning financial indicator trend analysis is much more than just breaking down Owens Corning prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Owens Corning is a good investment. Please check the relationship between Owens Corning Property Plant Equipment and its Net Receivables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Owens Corning. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.
Property Plant Equipment vs Net Receivables
Property Plant Equipment vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Owens Corning Property Plant Equipment account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Owens Corning's Property Plant Equipment and Net Receivables is 0.93. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Owens Corning, assuming nothing else is changed. The correlation between historical values of Owens Corning's Property Plant Equipment and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Owens Corning are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Property Plant Equipment i.e., Owens Corning's Property Plant Equipment and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Property Plant Equipment
Net Receivables
Most indicators from Owens Corning's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Owens Corning current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Owens Corning. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.At present, Owens Corning's Enterprise Value is projected to increase significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.2B | 2.6B | 2.7B | 2.8B | Total Revenue | 8.5B | 9.8B | 9.7B | 5.5B |
Owens Corning fundamental ratios Correlations
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Owens Corning Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Owens Corning fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 10.0B | 9.5B | 10.0B | 10.8B | 11.2B | 7.1B | |
Short Long Term Debt Total | 3.1B | 3.2B | 3.1B | 3.2B | 3.3B | 1.9B | |
Other Current Liab | 276M | 313M | 553M | 691M | 300M | 486.4M | |
Total Current Liabilities | 1.3B | 1.4B | 1.7B | 2.1B | 2.3B | 1.3B | |
Total Stockholder Equity | 4.6B | 3.9B | 4.3B | 4.6B | 5.2B | 5.4B | |
Property Plant And Equipment Net | 4.1B | 4.0B | 4.0B | 3.9B | 4.1B | 2.5B | |
Net Debt | 3.0B | 2.5B | 2.2B | 2.1B | 1.7B | 1.5B | |
Retained Earnings | 2.3B | 1.8B | 2.7B | 3.8B | 4.8B | 5.0B | |
Cash | 172M | 717M | 959M | 1.1B | 1.6B | 1.7B | |
Non Current Assets Total | 7.9B | 6.9B | 6.9B | 7.2B | 7.3B | 5.2B | |
Non Currrent Assets Other | 136M | 173M | 203M | 235M | 284M | 482.0M | |
Cash And Short Term Investments | 172M | 717M | 959M | 1.1B | 1.6B | 1.7B | |
Net Receivables | 770M | 919M | 939M | 961M | 987M | 629.4M | |
Common Stock Shares Outstanding | 110.1M | 108.6M | 104.3M | 97.7M | 91M | 89.1M | |
Liabilities And Stockholders Equity | 10.0B | 9.5B | 10.0B | 10.8B | 11.2B | 7.1B | |
Non Current Liabilities Total | 4.0B | 4.1B | 4.0B | 4.0B | 3.7B | 4.5B | |
Inventory | 1.0B | 855M | 1.1B | 1.3B | 1.2B | 656.4M | |
Other Current Assets | 86M | 115M | 121M | 117M | 105.3M | 111.8M | |
Other Stockholder Equity | 2.9B | 2.7B | 2.2B | 1.5B | 874M | 830.3M | |
Total Liab | 5.3B | 5.5B | 5.7B | 6.1B | 6.0B | 6.0B | |
Total Current Assets | 2.1B | 2.6B | 3.1B | 3.6B | 3.9B | 4.1B | |
Short Term Debt | 66M | 55M | 49M | 52M | 493M | 517.7M | |
Accounts Payable | 815M | 875M | 1.1B | 1.3B | 1.2B | 719.5M | |
Intangible Assets | 1.7B | 1.7B | 1.6B | 1.6B | 1.5B | 984.4M | |
Good Will | 1.9B | 989M | 990M | 1.4B | 1.4B | 1.0B | |
Accumulated Other Comprehensive Income | (610M) | (588M) | (581M) | (681M) | (503M) | (477.9M) | |
Other Liab | 882M | 875M | 914M | 883M | 794.7M | 755.0M | |
Other Assets | 162M | 410M | 280M | 124M | 111.6M | 106.0M | |
Long Term Debt | 3.0B | 3.1B | 3.0B | 2.9B | 2.6B | 2.0B | |
Property Plant Equipment | 3.9B | 3.8B | 3.9B | 3.7B | 4.3B | 3.1B | |
Property Plant And Equipment Gross | 4.1B | 4.0B | 3.9B | 3.7B | 7.7B | 8.1B | |
Current Deferred Revenue | (25M) | 172M | 197M | 16M | 315M | 330.8M | |
Treasury Stock | (1.1B) | (1.4B) | (1.9B) | (2.7B) | (2.4B) | (2.3B) | |
Net Tangible Assets | 3.0B | 2.3B | 2.8B | 3.0B | 3.4B | 2.0B | |
Retained Earnings Total Equity | 2.3B | 1.8B | 2.7B | 3.8B | 4.4B | 4.6B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Owens Corning offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Owens Corning's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Owens Corning Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Owens Corning Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Owens Corning. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.Note that the Owens Corning information on this page should be used as a complementary analysis to other Owens Corning's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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When running Owens Corning's price analysis, check to measure Owens Corning's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Owens Corning is operating at the current time. Most of Owens Corning's value examination focuses on studying past and present price action to predict the probability of Owens Corning's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Owens Corning's price. Additionally, you may evaluate how the addition of Owens Corning to your portfolios can decrease your overall portfolio volatility.
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Is Owens Corning's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Owens Corning. If investors know Owens will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Owens Corning listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.18) | Dividend Share 2.24 | Earnings Share 12.36 | Revenue Per Share 108.26 | Quarterly Revenue Growth (0.01) |
The market value of Owens Corning is measured differently than its book value, which is the value of Owens that is recorded on the company's balance sheet. Investors also form their own opinion of Owens Corning's value that differs from its market value or its book value, called intrinsic value, which is Owens Corning's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Owens Corning's market value can be influenced by many factors that don't directly affect Owens Corning's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Owens Corning's value and its price as these two are different measures arrived at by different means. Investors typically determine if Owens Corning is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Owens Corning's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.