Onto Net Debt vs Asset Turnover Analysis

ONTO Stock

USD 195.71 10.48 5.66%

Onto Innovation financial indicator trend analysis is much more than just breaking down Onto Innovation prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Onto Innovation is a good investment. Please check the relationship between Onto Innovation Net Debt and its Asset Turnover accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Onto Innovation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Onto Stock, please use our How to Invest in Onto Innovation guide.

Net Debt vs Asset Turnover

Net Debt vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Onto Innovation Net Debt account and Asset Turnover. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Onto Innovation's Net Debt and Asset Turnover is -0.07. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Onto Innovation, assuming nothing else is changed. The correlation between historical values of Onto Innovation's Net Debt and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Onto Innovation are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Net Debt i.e., Onto Innovation's Net Debt and Asset Turnover go up and down completely randomly.

Correlation Coefficient

-0.07

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Most indicators from Onto Innovation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Onto Innovation 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 Onto Innovation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Onto Stock, please use our How to Invest in Onto Innovation guide.At this time, Onto Innovation's Selling General Administrative is very stable compared to the past year. As of the 3rd of May 2024, Tax Provision is likely to grow to about 7.4 M, while Enterprise Value Over EBITDA is likely to drop 9.40.

	2021	2022	2023	2024 (projected)
Interest Expense	725K	5.0M	5.8M	6.1M
Depreciation And Amortization	51.4M	55.3M	67.2M	70.6M

Interest Expense Depreciation And Amortization

Onto Innovation fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Short Term Debt
Total Assets		-0.45	0.79	0.93	1.0	0.97	-0.64	0.86	0.81	0.59	0.95	-0.04	0.96	0.97	-0.33	0.67	0.95	0.32	0.98	-0.04	0.98	0.91	0.9	0.97	-0.33	-0.03
Short Long Term Debt Total	-0.45		-0.24	-0.32	-0.47	-0.48	0.11	-0.58	-0.42	0.17	-0.47	0.7	-0.37	-0.43	-0.45	-0.04	-0.38	0.2	-0.43	0.21	-0.37	-0.17	-0.31	-0.4	-0.45	0.18
Other Current Liab	0.79	-0.24		0.7	0.8	0.8	-0.66	0.86	0.34	0.66	0.63	-0.05	0.86	0.83	-0.27	0.35	0.85	0.01	0.86	0.06	0.71	0.58	0.88	0.86	-0.27	-0.06
Total Current Liabilities	0.93	-0.32	0.7		0.93	0.85	-0.65	0.81	0.85	0.62	0.86	0.15	0.92	0.94	-0.37	0.73	0.93	0.17	0.94	-0.08	0.9	0.9	0.8	0.93	-0.37	0.22
Total Stockholder Equity	1.0	-0.47	0.8	0.93		0.97	-0.64	0.88	0.79	0.58	0.94	-0.06	0.96	0.98	-0.31	0.65	0.96	0.29	0.98	-0.04	0.97	0.89	0.9	0.98	-0.31	-0.04
Property Plant And Equipment Net	0.97	-0.48	0.8	0.85	0.97		-0.58	0.81	0.7	0.52	0.96	-0.18	0.9	0.9	-0.26	0.53	0.89	0.36	0.92	-0.03	0.96	0.86	0.92	0.91	-0.26	-0.04
Net Debt	-0.64	0.11	-0.66	-0.65	-0.64	-0.58		-0.64	-0.58	-0.94	-0.47	-0.32	-0.73	-0.68	0.56	-0.6	-0.7	0.01	-0.7	0.21	-0.59	-0.53	-0.75	-0.72	0.56	0.25
Retained Earnings	0.86	-0.58	0.86	0.81	0.88	0.81	-0.64		0.61	0.54	0.7	-0.15	0.92	0.91	-0.05	0.43	0.92	-0.14	0.93	-0.12	0.74	0.6	0.84	0.92	-0.05	-0.03
Accounts Payable	0.81	-0.42	0.34	0.85	0.79	0.7	-0.58	0.61		0.5	0.8	0.18	0.74	0.77	-0.32	0.79	0.74	0.32	0.76	-0.16	0.81	0.84	0.59	0.75	-0.32	-0.05
Cash	0.59	0.17	0.66	0.62	0.58	0.52	-0.94	0.54	0.5		0.42	0.52	0.7	0.62	-0.63	0.57	0.66	0.12	0.64	-0.11	0.56	0.56	0.73	0.68	-0.63	-0.15
Non Current Assets Total	0.95	-0.47	0.63	0.86	0.94	0.96	-0.47	0.7	0.8	0.42		-0.12	0.83	0.87	-0.26	0.63	0.82	0.5	0.87	-0.06	0.98	0.93	0.8	0.85	-0.26	-0.01
Non Currrent Assets Other	-0.04	0.7	-0.05	0.15	-0.06	-0.18	-0.32	-0.15	0.18	0.52	-0.12		0.05	0.01	-0.45	0.45	0.04	0.23	0.0	-0.05	-0.01	0.23	-0.02	0.03	-0.45	0.08
Cash And Short Term Investments	0.96	-0.37	0.86	0.92	0.96	0.9	-0.73	0.92	0.74	0.7	0.83	0.05		0.97	-0.36	0.64	0.99	0.16	0.98	0.01	0.9	0.82	0.92	1.0	-0.36	-0.05
Net Receivables	0.97	-0.43	0.83	0.94	0.98	0.9	-0.68	0.91	0.77	0.62	0.87	0.01	0.97		-0.35	0.69	0.97	0.16	1.0	-0.06	0.92	0.84	0.87	0.99	-0.35	-0.03
Common Stock Total Equity	-0.33	-0.45	-0.27	-0.37	-0.31	-0.26	0.56	-0.05	-0.32	-0.63	-0.26	-0.45	-0.36	-0.35		-0.65	-0.32	-0.34	-0.33	-0.14	-0.42	-0.46	-0.33	-0.35	1.0	0.12
Common Stock Shares Outstanding	0.67	-0.04	0.35	0.73	0.65	0.53	-0.6	0.43	0.79	0.57	0.63	0.45	0.64	0.69	-0.65		0.63	0.35	0.66	-0.08	0.7	0.76	0.48	0.66	-0.65	-0.07
Short Term Investments	0.95	-0.38	0.85	0.93	0.96	0.89	-0.7	0.92	0.74	0.66	0.82	0.04	0.99	0.97	-0.32	0.63		0.12	0.98	-0.03	0.89	0.82	0.9	0.99	-0.32	0.01
Non Current Liabilities Total	0.32	0.2	0.01	0.17	0.29	0.36	0.01	-0.14	0.32	0.12	0.5	0.23	0.16	0.16	-0.34	0.35	0.12		0.16	0.2	0.47	0.59	0.2	0.16	-0.34	-0.29
Inventory	0.98	-0.43	0.86	0.94	0.98	0.92	-0.7	0.93	0.76	0.64	0.87	0.0	0.98	1.0	-0.33	0.66	0.98	0.16		-0.05	0.92	0.84	0.89	1.0	-0.33	-0.03
Other Current Assets	-0.04	0.21	0.06	-0.08	-0.04	-0.03	0.21	-0.12	-0.16	-0.11	-0.06	-0.05	0.01	-0.06	-0.14	-0.08	-0.03	0.2	-0.05		0.0	0.02	-0.11	-0.02	-0.14	-0.08
Other Stockholder Equity	0.98	-0.37	0.71	0.9	0.97	0.96	-0.59	0.74	0.81	0.56	0.98	-0.01	0.9	0.92	-0.42	0.7	0.89	0.47	0.92	0.0		0.95	0.85	0.92	-0.42	-0.04
Total Liab	0.91	-0.17	0.58	0.9	0.89	0.86	-0.53	0.6	0.84	0.56	0.93	0.23	0.82	0.84	-0.46	0.76	0.82	0.59	0.84	0.02	0.95		0.75	0.84	-0.46	0.05
Property Plant And Equipment Gross	0.9	-0.31	0.88	0.8	0.9	0.92	-0.75	0.84	0.59	0.73	0.8	-0.02	0.92	0.87	-0.33	0.48	0.9	0.2	0.89	-0.11	0.85	0.75		0.91	-0.33	-0.05
Total Current Assets	0.97	-0.4	0.86	0.93	0.98	0.91	-0.72	0.92	0.75	0.68	0.85	0.03	1.0	0.99	-0.35	0.66	0.99	0.16	1.0	-0.02	0.92	0.84	0.91		-0.35	-0.04
Common Stock	-0.33	-0.45	-0.27	-0.37	-0.31	-0.26	0.56	-0.05	-0.32	-0.63	-0.26	-0.45	-0.36	-0.35	1.0	-0.65	-0.32	-0.34	-0.33	-0.14	-0.42	-0.46	-0.33	-0.35		0.12
Short Term Debt	-0.03	0.18	-0.06	0.22	-0.04	-0.04	0.25	-0.03	-0.05	-0.15	-0.01	0.08	-0.05	-0.03	0.12	-0.07	0.01	-0.29	-0.03	-0.08	-0.04	0.05	-0.05	-0.04	0.12

Click cells to compare fundamentals

Onto Innovation Account Relationship Matchups

Onto Innovation fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.4B	1.5B	1.6B	1.8B	1.9B	2.0B
Other Current Liab	38.5M	8.9M	14.7M	57.7M	67.6M	71.0M
Total Current Liabilities	85.7M	120.1M	154.5M	160.6M	147.7M	155.1M
Total Stockholder Equity	1.3B	1.3B	1.4B	1.6B	1.7B	1.8B
Property Plant And Equipment Net	122.0M	88.0M	82.1M	92.0M	122.0M	128.1M
Net Debt	(105.8M)	(115.8M)	(151.9M)	(153.8M)	(214.0M)	(203.3M)
Retained Earnings	(4.9M)	26.2M	168.5M	362.8M	482.4M	506.5M
Accounts Payable	27.7M	77.3M	96.4M	54.5M	49.9M	52.4M
Cash	130.7M	136.7M	169.6M	175.9M	233.5M	245.2M
Non Current Assets Total	806.9M	736.5M	701.7M	660.0M	626.4M	657.8M
Non Currrent Assets Other	1.4M	23.6M	26.5M	25.2M	21.3M	12.5M
Cash And Short Term Investments	320.2M	373.7M	511.3M	547.8M	697.8M	732.7M
Net Receivables	123.7M	149.3M	177.2M	241.4M	226.6M	237.9M
Common Stock Shares Outstanding	30.0M	49.5M	49.7M	49.8M	49.3M	29.0M
Short Term Investments	189.6M	237.0M	341.7M	371.9M	464.3M	487.5M
Liabilities And Stockholders Equity	1.4B	1.5B	1.6B	1.8B	1.9B	2.0B
Non Current Liabilities Total	98.8M	83.3M	69.2M	37.9M	25.5M	26.0M
Inventory	176.1M	191.2M	243.1M	324.3M	327.8M	344.2M
Other Current Assets	21.6M	17.5M	16.4M	21.4M	31.1M	19.2M
Other Stockholder Equity	1.3B	1.2B	1.3B	1.2B	1.3B	1.3B
Total Liab	184.6M	203.4M	223.8M	198.4M	173.2M	181.8M
Property Plant And Equipment Gross	122.0M	88.0M	82.1M	92.0M	179.9M	188.9M
Total Current Assets	641.7M	731.7M	948.1M	1.1B	1.3B	1.3B
Accumulated Other Comprehensive Income	(598K)	4.6M	1.3M	(10.0M)	(7.9M)	(7.5M)
Short Term Debt	4.9M	4.5M	4.0M	5.7M	5.5M	3.9M
Intangible Assets	372.0M	318.4M	277.3M	222.2M	167.4M	175.7M
Current Deferred Revenue	14.6M	29.5M	39.4M	42.6M	24.8M	13.1M
Net Tangible Assets	584.9M	639.8M	833.0M	1.1B	1.2B	1.3B
Retained Earnings Total Equity	(4.9M)	26.2M	168.5M	362.8M	417.2M	438.0M
Capital Surpluse	1.3B	1.2B	1.3B	1.2B	1.4B	1.5B
Deferred Long Term Liab	67.0M	55.6M	40.3M	7.4M	8.5M	8.0M
Non Current Liabilities Other	31.8M	27.7M	69.2M	37.9M	9.0M	17.7M
Property Plant Equipment	98.4M	88.0M	82.1M	92.0M	105.8M	67.4M
Other Liab	78.8M	83.3M	69.2M	21.5M	24.8M	40.3M
Other Assets	5.8M	23.6M	26.5M	9.3M	1.0	0.95

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When determining whether Onto Innovation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Onto Innovation'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 Onto Innovation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Onto Innovation Stock:

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Is Onto Stock a good investment?

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What is Onto Innovation's Net Worth?

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Onto Innovation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Onto Stock, please use our How to Invest in Onto Innovation guide.

You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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When running Onto Innovation's price analysis, check to measure Onto Innovation'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 Onto Innovation is operating at the current time. Most of Onto Innovation's value examination focuses on studying past and present price action to predict the probability of Onto Innovation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Onto Innovation's price. Additionally, you may evaluate how the addition of Onto Innovation to your portfolios can decrease your overall portfolio volatility.

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Is Onto Innovation'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 Onto Innovation. If investors know Onto 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 Onto Innovation 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

(0.54)

Earnings Share

2.46

Revenue Per Share

16.66

Quarterly Revenue Growth

(0.14)

Return On Assets

0.0392

The market value of Onto Innovation is measured differently than its book value, which is the value of Onto that is recorded on the company's balance sheet. Investors also form their own opinion of Onto Innovation's value that differs from its market value or its book value, called intrinsic value, which is Onto Innovation'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 Onto Innovation's market value can be influenced by many factors that don't directly affect Onto Innovation'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 Onto Innovation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Onto Innovation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Onto Innovation'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.

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Onto Net Debt vs Asset Turnover Analysis

Net Debt vs Asset Turnover

Net Debt vs Asset Turnover Correlation Analysis

Correlation Coefficient

Net Debt

Asset Turnover

Onto Innovation fundamental ratios Correlations

Onto Innovation Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Onto Innovation fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Onto Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Cash And Short Term Investments
Inventory	+ 1.0	Net Receivables
Common Stock	+ 1.0	Common Stock Total Equity
Total Current Assets	+ 1.0	Inventory
Short Term Investments	+ 0.99	Cash And Short Term Investments

Cash	- 0.94	Net Debt
Property Plant And Equipment Gross	- 0.75	Net Debt
Cash And Short Term Investments	- 0.73	Net Debt
Total Current Assets	- 0.72	Net Debt
Inventory	- 0.7	Net Debt
Short Term Investments	- 0.7	Net Debt