Oblong Total Revenue vs Non Current Assets Total Analysis

OBLG Stock  USD 0.12  0  2.50%   
Oblong financial indicator trend analysis is much more than just breaking down Oblong Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Oblong Inc is a good investment. Please check the relationship between Oblong Total Revenue and its Non Current Assets Total accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oblong 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 bureau of economic analysis.

Total Revenue vs Non Current Assets Total

Total Revenue vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Oblong Inc Total Revenue account and Non Current Assets Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Oblong's Total Revenue and Non Current Assets Total is 0.6. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Oblong Inc, assuming nothing else is changed. The correlation between historical values of Oblong's Total Revenue and Non Current Assets Total 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 Revenue of Oblong Inc are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Revenue i.e., Oblong's Total Revenue and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.6
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Revenue

Total revenue comprises all receipts Oblong Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Oblong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Oblong 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 Oblong 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 bureau of economic analysis.
At this time, Oblong's Tax Provision is most likely to decrease significantly in the upcoming years. The Oblong's current Issuance Of Capital Stock is estimated to increase to about 5.7 M, while Selling General Administrative is projected to decrease to roughly 4.6 M.
 2021 2022 2023 2024 (projected)
Gross Profit2.7M1.5M566K537.7K
Total Revenue7.7M5.5M3.8M3.6M

Oblong fundamental ratios Correlations

0.660.550.80.60.43-0.220.290.40.980.250.68-0.40.560.260.450.710.520.660.560.530.410.270.790.0-0.11
0.660.560.20.760.73-0.310.55-0.10.71-0.160.83-0.280.78-0.110.160.870.740.230.750.640.410.210.450.30.18
0.550.560.20.580.63-0.050.17-0.140.63-0.240.48-0.420.210.390.390.680.530.070.570.240.170.90.450.16-0.05
0.80.20.20.18-0.19-0.35-0.070.780.670.70.22-0.070.070.360.430.160.110.90.030.160.460.050.75-0.32-0.27
0.60.760.580.180.690.040.61-0.230.68-0.350.8-0.570.62-0.090.120.760.940.050.630.510.10.250.630.310.05
0.430.730.63-0.190.690.210.53-0.590.6-0.670.77-0.580.8-0.060.10.920.65-0.30.890.58-0.090.420.150.530.26
-0.22-0.31-0.05-0.350.040.210.41-0.53-0.09-0.590.08-0.490.06-0.2-0.150.02-0.05-0.570.020.13-0.93-0.03-0.050.17-0.04
0.290.550.17-0.070.610.530.41-0.370.38-0.430.72-0.40.61-0.530.040.550.57-0.130.40.85-0.34-0.170.350.220.03
0.4-0.1-0.140.78-0.23-0.59-0.53-0.370.210.92-0.250.35-0.250.30.32-0.26-0.250.84-0.38-0.150.59-0.160.37-0.5-0.29
0.980.710.630.670.680.6-0.090.380.210.040.78-0.540.650.250.430.820.60.480.690.590.30.340.750.15-0.04
0.25-0.16-0.240.7-0.35-0.67-0.59-0.430.920.04-0.380.61-0.320.170.2-0.36-0.380.87-0.48-0.220.52-0.220.24-0.59-0.28
0.680.830.480.220.80.770.080.72-0.250.78-0.38-0.610.81-0.210.210.860.740.080.750.780.080.120.570.360.08
-0.4-0.28-0.42-0.07-0.57-0.58-0.49-0.40.35-0.540.61-0.61-0.38-0.27-0.26-0.5-0.550.31-0.55-0.320.22-0.3-0.36-0.57-0.23
0.560.780.210.070.620.80.060.61-0.250.65-0.320.81-0.38-0.30.030.860.580.050.780.740.06-0.110.250.360.22
0.26-0.110.390.36-0.09-0.06-0.2-0.530.30.250.17-0.21-0.27-0.30.49-0.03-0.120.150.16-0.40.340.570.020.30.33
0.450.160.390.430.120.1-0.150.040.320.430.20.21-0.260.030.490.220.020.320.250.230.290.40.170.290.35
0.710.870.680.160.760.920.020.55-0.260.82-0.360.86-0.50.86-0.030.220.710.070.880.680.130.380.420.350.13
0.520.740.530.110.940.65-0.050.57-0.250.6-0.380.74-0.550.58-0.120.020.710.00.560.480.180.210.570.22-0.02
0.660.230.070.90.05-0.3-0.57-0.130.840.480.870.080.310.050.150.320.070.0-0.110.120.56-0.080.6-0.5-0.3
0.560.750.570.030.630.890.020.4-0.380.69-0.480.75-0.550.780.160.250.880.56-0.110.550.140.390.210.590.39
0.530.640.240.160.510.580.130.85-0.150.59-0.220.78-0.320.74-0.40.230.680.480.120.55-0.05-0.090.370.160.04
0.410.410.170.460.1-0.09-0.93-0.340.590.30.520.080.220.060.340.290.130.180.560.14-0.050.110.19-0.040.08
0.270.210.90.050.250.42-0.03-0.17-0.160.34-0.220.12-0.3-0.110.570.40.380.21-0.080.39-0.090.110.150.160.02
0.790.450.450.750.630.15-0.050.350.370.750.240.57-0.360.250.020.170.420.570.60.210.370.190.15-0.31-0.5
0.00.30.16-0.320.310.530.170.22-0.50.15-0.590.36-0.570.360.30.290.350.22-0.50.590.16-0.040.16-0.310.88
-0.110.18-0.05-0.270.050.26-0.040.03-0.29-0.04-0.280.08-0.230.220.330.350.13-0.02-0.30.390.040.080.02-0.50.88
Click cells to compare fundamentals

Oblong Account Relationship Matchups

Oblong fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets34.9M29.1M28.6M5.7M6.9M6.6M
Other Current Liab1.8M1.2M959K946K1.0M986.1K
Total Current Liabilities8.3M5.6M2.5M1.9M1.4M1.3M
Total Stockholder Equity21.8M22.1M25.5M3.6M5.5M9.1M
Property Plant And Equipment Net4.4M1.5M818K145K17K16.2K
Net Debt4.3M(1.2M)(8.2M)(2.8M)(5.5M)(5.2M)
Retained Earnings(185.4M)(192.9M)(201.9M)(223.8M)(228.2M)(216.8M)
Accounts Payable647K313K259K184K211K200.5K
Cash4.5M5.1M8.9M3.1M5.5M2.8M
Non Current Assets Total25.0M19.2M15.9M789K29.0K27.5K
Cash And Short Term Investments4.5M5.1M8.9M3.1M6.0M6.3M
Net Receivables2.5M3.2M849K731K424K402.8K
Common Stock Shares Outstanding340.5K369.8K1.8M2.1M5.6M5.9M
Liabilities And Stockholders Equity34.9M29.1M28.6M5.7M6.9M6.6M
Non Current Liabilities Total4.9M1.5M617K131K26K24.7K
Inventory1.8M920K1.8M723K239K227.1K
Other Current Assets209K691K1.1M90K243K230.9K
Total Liab13.1M7.1M3.1M2.0M1.4M1.4M
Property Plant And Equipment Gross4.4M1.5M818K2.3M17K16.2K
Total Current Assets9.9M10.0M12.8M4.9M6.9M9.2M
Non Currrent Assets Other71K167K109K40K12.0K11.4K
Other Stockholder Equity207.2M214.9M227.4M227.5M233.7M162.9M
Short Term Debt4.0M2.8M492K219K17K16.2K
Intangible Assets12.6M10.1M7.6M604K543.6K516.4K
Current Deferred Revenue1.9M1.2M783K564K132K125.4K
Net Tangible Assets1.3M4.6M10.6M3.0M3.5M3.6M
Capital Surpluse183.1M185.0M207.4M215.1M247.4M201.5M
Property Plant Equipment1.3M1.5M818K145K130.5K124.0K
Long Term Debt369K4.6M2.8M403K362.7K344.6K
Other Assets71K1.1M109K40K1.00.95

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When determining whether Oblong Inc is a strong investment it is important to analyze Oblong's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Oblong's future performance. For an informed investment choice regarding Oblong Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oblong 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 bureau of economic analysis.
You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

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Is Oblong'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 Oblong. If investors know Oblong 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 Oblong 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
(0.46)
Earnings Share
(0.98)
Revenue Per Share
0.681
Quarterly Revenue Growth
(0.34)
Return On Assets
(0.46)
The market value of Oblong Inc is measured differently than its book value, which is the value of Oblong that is recorded on the company's balance sheet. Investors also form their own opinion of Oblong's value that differs from its market value or its book value, called intrinsic value, which is Oblong'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 Oblong's market value can be influenced by many factors that don't directly affect Oblong'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 Oblong's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oblong is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oblong'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.