Ooma Total Assets vs Total Current Liabilities Analysis
OOMA Stock | USD 7.66 0.21 2.82% |
Ooma financial indicator trend analysis is much more than just breaking down Ooma Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ooma Inc is a good investment. Please check the relationship between Ooma Total Assets and its Total Current Liabilities accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ooma Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Total Assets vs Total Current Liabilities
Total Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ooma Inc Total Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Ooma's Total Assets and Total Current Liabilities is 0.93. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Ooma Inc, assuming nothing else is changed. The correlation between historical values of Ooma's Total Assets and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Ooma Inc are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Total Assets i.e., Ooma's Total Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of Ooma assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Ooma Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Ooma balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Ooma Inc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Ooma's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ooma Inc 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 Ooma Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. At present, Ooma's Enterprise Value Over EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 42.45, whereas Selling General Administrative is forecasted to decline to about 17.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 118.4M | 137.6M | 143.5M | 84.0M | Total Revenue | 192.3M | 216.2M | 236.7M | 143.7M |
Ooma fundamental ratios Correlations
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Ooma Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ooma fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 21.1M | 22.4M | 23.5M | 24.5M | 25.6M | 19.9M | |
Total Assets | 80.5M | 89.1M | 109.3M | 131.0M | 159.3M | 92.0M | |
Short Long Term Debt Total | 5.0M | 2.8M | 14.5M | 14.0M | 33.4M | 35.1M | |
Other Current Liab | 19.3M | 18.9M | 19.6M | 23.1M | 22.8M | 17.4M | |
Total Current Liabilities | 46.9M | 46.7M | 46.9M | 57.4M | 51.5M | 44.9M | |
Total Stockholder Equity | 28.4M | 39.6M | 51.1M | 63.1M | 78.1M | 82.0M | |
Other Liab | 174K | 75K | 73K | 31K | 27.9K | 26.5K | |
Property Plant And Equipment Net | 13.2M | 11.1M | 20.9M | 20.7M | 26.9M | 28.3M | |
Current Deferred Revenue | 15.8M | 16.4M | 16.6M | 17.2M | 17.0M | 16.9M | |
Net Debt | (6.7M) | (14.5M) | (5.2M) | (10.1M) | 15.9M | 16.7M | |
Retained Earnings | (124.6M) | (127.0M) | (128.8M) | (132.4M) | (133.3M) | (139.9M) | |
Accounts Payable | 8.5M | 7.5M | 7.5M | 13.5M | 7.8M | 8.0M | |
Cash | 11.7M | 17.3M | 19.7M | 24.1M | 17.5M | 15.7M | |
Non Current Assets Total | 32.4M | 33.1M | 43.2M | 56.4M | 104.2M | 109.4M | |
Non Currrent Assets Other | 8.2M | 12.2M | 13.9M | 16.6M | 26.2M | 27.5M | |
Other Assets | 8.2M | 12.2M | 13.9M | 16.6M | 1.0 | 0.95 | |
Cash And Short Term Investments | 26.1M | 28.3M | 31.3M | 26.9M | 17.5M | 25.4M | |
Net Receivables | 4.6M | 5.2M | 7.3M | 7.1M | 12.1M | 12.7M | |
Liabilities And Stockholders Equity | 80.5M | 89.1M | 109.3M | 131.0M | 159.3M | 92.0M | |
Non Current Liabilities Total | 5.2M | 2.9M | 11.3M | 10.5M | 29.7M | 31.2M | |
Inventory | 8.4M | 12.2M | 13.8M | 26.2M | 19.8M | 12.0M | |
Other Current Assets | 9.0M | 10.2M | 13.6M | 14.4M | 5.7M | 7.1M | |
Other Stockholder Equity | 153.0M | 166.6M | 179.9M | 195.6M | 211.4M | 135.2M | |
Total Liab | 52.0M | 49.5M | 58.2M | 67.9M | 81.2M | 59.2M | |
Property Plant And Equipment Gross | 13.3M | 11.1M | 20.9M | 20.7M | 23.8M | 25.0M | |
Total Current Assets | 48.0M | 56.0M | 66.0M | 74.6M | 55.1M | 60.4M | |
Accumulated Other Comprehensive Income | 14K | 7K | (20K) | (23K) | (1K) | (1.1K) | |
Short Term Debt | 3.3M | 3.8M | 3.3M | 3.6M | 3.7M | 3.2M | |
Intangible Assets | 6.8M | 5.5M | 4.2M | 10.5M | 28.0M | 29.3M | |
Property Plant Equipment | 13.3M | 11.1M | 20.9M | 8.0M | 9.2M | 8.3M | |
Net Tangible Assets | 17.3M | 29.8M | 42.6M | 44.0M | 50.6M | 27.6M | |
Good Will | 1.9M | 3.9M | 4.3M | 8.7M | 23.1M | 24.2M | |
Short Term Investments | 14.4M | 11.0M | 11.6M | 2.7M | 2.5M | 2.3M | |
Deferred Long Term Liab | 3.4M | 7.4M | 11.5M | 13.2M | 15.2M | 16.0M | |
Retained Earnings Total Equity | (124.6M) | (127.0M) | (128.8M) | (132.4M) | (119.2M) | (125.2M) | |
Capital Surpluse | 153.0M | 166.6M | 179.9M | 195.6M | 224.9M | 163.3M | |
Non Current Liabilities Other | 174K | 75K | 73K | 31K | 27.9K | 26.5K | |
Net Invested Capital | 28.4M | 39.6M | 51.1M | 63.1M | 72.6M | 46.3M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ooma in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ooma's short interest history, or implied volatility extrapolated from Ooma options trading.
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Is Ooma'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 Ooma. If investors know Ooma 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 Ooma listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.03) | Revenue Per Share 9.257 | Quarterly Revenue Growth 0.092 | Return On Assets (0.01) | Return On Equity (0.01) |
The market value of Ooma Inc is measured differently than its book value, which is the value of Ooma that is recorded on the company's balance sheet. Investors also form their own opinion of Ooma's value that differs from its market value or its book value, called intrinsic value, which is Ooma'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 Ooma's market value can be influenced by many factors that don't directly affect Ooma'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 Ooma's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ooma is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ooma'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.