Onto Net Income vs Consolidated Income Analysis

ONTO Stock  USD 177.63  4.31  2.37%   
Trend analysis of Onto Innovation balance sheet accounts such as Total Current Liabilities of 155.1 M provides information on Onto Innovation's total assets, liabilities, and equity, which is the actual value of Onto Innovation to its prevalent stockholders. By breaking down trends over time using Onto Innovation balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
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.

About Onto Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Onto Innovation at a specified time, usually calculated after every quarter, six months, or one year. Onto Innovation Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Onto Innovation and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Onto currently owns. An asset can also be divided into two categories, current and non-current.

Onto Innovation Balance Sheet Chart

Onto Innovation Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Onto Innovation uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Onto Innovation's Retained Earnings are very stable compared to the past year. As of the 19th of April 2024, Accounts Payable is likely to grow to about 52.4 M, though Net Debt is likely to grow to (203.3 M).

Total Assets

Total assets refers to the total amount of Onto Innovation 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 Onto Innovation 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 Onto Innovation balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Onto Innovation 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 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 19th of April 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 Expense725K5.0M5.8M6.1M
Depreciation And Amortization51.4M55.3M67.2M70.6M

Onto Innovation fundamental ratios Correlations

-0.450.790.931.00.97-0.640.860.810.590.95-0.040.960.97-0.330.670.950.320.98-0.040.980.910.90.97-0.33-0.03
-0.45-0.24-0.32-0.47-0.480.11-0.58-0.420.17-0.470.7-0.37-0.43-0.45-0.04-0.380.2-0.430.21-0.37-0.17-0.31-0.4-0.450.18
0.79-0.240.70.80.8-0.660.860.340.660.63-0.050.860.83-0.270.350.850.010.860.060.710.580.880.86-0.27-0.06
0.93-0.320.70.930.85-0.650.810.850.620.860.150.920.94-0.370.730.930.170.94-0.080.90.90.80.93-0.370.22
1.0-0.470.80.930.97-0.640.880.790.580.94-0.060.960.98-0.310.650.960.290.98-0.040.970.890.90.98-0.31-0.04
0.97-0.480.80.850.97-0.580.810.70.520.96-0.180.90.9-0.260.530.890.360.92-0.030.960.860.920.91-0.26-0.04
-0.640.11-0.66-0.65-0.64-0.58-0.64-0.58-0.94-0.47-0.32-0.73-0.680.56-0.6-0.70.01-0.70.21-0.59-0.53-0.75-0.720.560.25
0.86-0.580.860.810.880.81-0.640.610.540.7-0.150.920.91-0.050.430.92-0.140.93-0.120.740.60.840.92-0.05-0.03
0.81-0.420.340.850.790.7-0.580.610.50.80.180.740.77-0.320.790.740.320.76-0.160.810.840.590.75-0.32-0.05
0.590.170.660.620.580.52-0.940.540.50.420.520.70.62-0.630.570.660.120.64-0.110.560.560.730.68-0.63-0.15
0.95-0.470.630.860.940.96-0.470.70.80.42-0.120.830.87-0.260.630.820.50.87-0.060.980.930.80.85-0.26-0.01
-0.040.7-0.050.15-0.06-0.18-0.32-0.150.180.52-0.120.050.01-0.450.450.040.230.0-0.05-0.010.23-0.020.03-0.450.08
0.96-0.370.860.920.960.9-0.730.920.740.70.830.050.97-0.360.640.990.160.980.010.90.820.921.0-0.36-0.05
0.97-0.430.830.940.980.9-0.680.910.770.620.870.010.97-0.350.690.970.161.0-0.060.920.840.870.99-0.35-0.03
-0.33-0.45-0.27-0.37-0.31-0.260.56-0.05-0.32-0.63-0.26-0.45-0.36-0.35-0.65-0.32-0.34-0.33-0.14-0.42-0.46-0.33-0.351.00.12
0.67-0.040.350.730.650.53-0.60.430.790.570.630.450.640.69-0.650.630.350.66-0.080.70.760.480.66-0.65-0.07
0.95-0.380.850.930.960.89-0.70.920.740.660.820.040.990.97-0.320.630.120.98-0.030.890.820.90.99-0.320.01
0.320.20.010.170.290.360.01-0.140.320.120.50.230.160.16-0.340.350.120.160.20.470.590.20.16-0.34-0.29
0.98-0.430.860.940.980.92-0.70.930.760.640.870.00.981.0-0.330.660.980.16-0.050.920.840.891.0-0.33-0.03
-0.040.210.06-0.08-0.04-0.030.21-0.12-0.16-0.11-0.06-0.050.01-0.06-0.14-0.08-0.030.2-0.050.00.02-0.11-0.02-0.14-0.08
0.98-0.370.710.90.970.96-0.590.740.810.560.98-0.010.90.92-0.420.70.890.470.920.00.950.850.92-0.42-0.04
0.91-0.170.580.90.890.86-0.530.60.840.560.930.230.820.84-0.460.760.820.590.840.020.950.750.84-0.460.05
0.9-0.310.880.80.90.92-0.750.840.590.730.8-0.020.920.87-0.330.480.90.20.89-0.110.850.750.91-0.33-0.05
0.97-0.40.860.930.980.91-0.720.920.750.680.850.031.00.99-0.350.660.990.161.0-0.020.920.840.91-0.35-0.04
-0.33-0.45-0.27-0.37-0.31-0.260.56-0.05-0.32-0.63-0.26-0.45-0.36-0.351.0-0.65-0.32-0.34-0.33-0.14-0.42-0.46-0.33-0.350.12
-0.030.18-0.060.22-0.04-0.040.25-0.03-0.05-0.15-0.010.08-0.05-0.030.12-0.070.01-0.29-0.03-0.08-0.040.05-0.05-0.040.12
Click cells to compare fundamentals

Onto Innovation Account Relationship Matchups

Onto Innovation fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.4B1.5B1.6B1.8B1.9B2.0B
Other Current Liab38.5M8.9M14.7M57.7M67.6M71.0M
Total Current Liabilities85.7M120.1M154.5M160.6M147.7M155.1M
Total Stockholder Equity1.3B1.3B1.4B1.6B1.7B1.8B
Property Plant And Equipment Net122.0M88.0M82.1M92.0M122.0M128.1M
Net Debt(105.8M)(115.8M)(151.9M)(153.8M)(214.0M)(203.3M)
Retained Earnings(4.9M)26.2M168.5M362.8M482.4M506.5M
Accounts Payable27.7M77.3M96.4M54.5M49.9M52.4M
Cash130.7M136.7M169.6M175.9M233.5M245.2M
Non Current Assets Total806.9M736.5M701.7M660.0M626.4M657.8M
Non Currrent Assets Other1.4M23.6M26.5M25.2M21.3M12.5M
Cash And Short Term Investments320.2M373.7M511.3M547.8M697.8M732.7M
Net Receivables123.7M149.3M177.2M241.4M226.6M237.9M
Common Stock Shares Outstanding30.0M49.5M49.7M49.8M49.3M29.0M
Short Term Investments189.6M237.0M341.7M371.9M464.3M487.5M
Liabilities And Stockholders Equity1.4B1.5B1.6B1.8B1.9B2.0B
Non Current Liabilities Total98.8M83.3M69.2M37.9M25.5M26.0M
Inventory176.1M191.2M243.1M324.3M327.8M344.2M
Other Current Assets21.6M17.5M16.4M21.4M31.1M19.2M
Other Stockholder Equity1.3B1.2B1.3B1.2B1.3B1.3B
Total Liab184.6M203.4M223.8M198.4M173.2M181.8M
Property Plant And Equipment Gross122.0M88.0M82.1M92.0M179.9M188.9M
Total Current Assets641.7M731.7M948.1M1.1B1.3B1.3B
Accumulated Other Comprehensive Income(598K)4.6M1.3M(10.0M)(7.9M)(7.5M)
Short Term Debt4.9M4.5M4.0M5.7M5.5M3.9M
Intangible Assets372.0M318.4M277.3M222.2M167.4M175.7M
Current Deferred Revenue14.6M29.5M39.4M42.6M24.8M13.1M
Net Tangible Assets584.9M639.8M833.0M1.1B1.2B1.3B
Retained Earnings Total Equity(4.9M)26.2M168.5M362.8M417.2M438.0M
Capital Surpluse1.3B1.2B1.3B1.2B1.4B1.5B
Deferred Long Term Liab67.0M55.6M40.3M7.4M8.5M8.0M
Non Current Liabilities Other31.8M27.7M69.2M37.9M9.0M17.7M
Property Plant Equipment98.4M88.0M82.1M92.0M105.8M67.4M
Other Liab78.8M83.3M69.2M21.5M24.8M40.3M
Other Assets5.8M23.6M26.5M9.3M1.00.95

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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:
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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Complementary Tools for Onto Stock analysis

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.