Opendoor Net Working Capital vs Retained Earnings Analysis
| OPEN Stock | USD 2.41 0.03 1.23% |
Opendoor Technologies financial indicator trend analysis is much more than just breaking down Opendoor Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Opendoor Technologies is a good investment. Please check the relationship between Opendoor Technologies Net Working Capital and its Retained Earnings accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Opendoor Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. To learn how to invest in Opendoor Stock, please use our How to Invest in Opendoor Technologies guide.
Net Working Capital vs Retained Earnings
Net Working Capital vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Opendoor Technologies Net Working Capital account and Retained Earnings. At this time, the significance of the direction appears to have pay attention.
The correlation between Opendoor Technologies' Net Working Capital and Retained Earnings is -0.86. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Opendoor Technologies, assuming nothing else is changed. The correlation between historical values of Opendoor Technologies' Net Working Capital and Retained Earnings 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 Working Capital of Opendoor Technologies are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Working Capital i.e., Opendoor Technologies' Net Working Capital and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.86 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Net Working Capital
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from Opendoor Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Opendoor Technologies 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 Opendoor Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. To learn how to invest in Opendoor Stock, please use our How to Invest in Opendoor Technologies guide.At this time, Opendoor Technologies' Selling General Administrative is very stable compared to the past year. As of the 18th of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.05, while Tax Provision is likely to drop about 860.2 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 730M | 667M | 487M | 465.3M | Total Revenue | 8.0B | 15.6B | 6.9B | 7.3B |
Opendoor Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Opendoor Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Opendoor Technologies fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Current Liabilities | 1.1B | 393.4M | 4.4B | 1.5B | 70M | 66.5M | |
| Net Tangible Assets | (776.5M) | 1.6B | 2.2M | 1.1B | 1.2B | 1.3B | |
| Retained Earnings | (790.5M) | (1.1B) | (1.7B) | (3.1B) | (3.3B) | (3.2B) | |
| Accounts Payable | 6.5M | 25.3M | 137M | 110M | 2M | 1.9M | |
| Other Assets | 5.4M | 4.1M | 7K | 2M | 1.8M | 2.3M | |
| Common Stock Shares Outstanding | 80.0M | 109.3M | 592.6M | 627.1M | 657.1M | 478.6M | |
| Inventory | 1.3B | 465.9M | 6.1B | 4.5B | 1.8B | 2.8B | |
| Other Current Assets | 30.9M | 25.0M | 91M | 41M | (3.4B) | (3.2B) | |
| Other Stockholder Equity | (1.3B) | 2.7B | 4.0B | 4.1B | 4.3B | 2.5B | |
| Total Current Assets | 2.1B | 2.1B | 9.3B | 6.5B | 3.4B | 4.6B | |
| Property Plant Equipment | 95.3M | 78.7M | 87K | 99M | 113.9M | 64.0M |
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Try AI Portfolio ArchitectCheck out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Opendoor Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. To learn how to invest in Opendoor Stock, please use our How to Invest in Opendoor Technologies guide.Note that the Opendoor Technologies information on this page should be used as a complementary analysis to other Opendoor Technologies' 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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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When running Opendoor Technologies' price analysis, check to measure Opendoor Technologies' 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 Opendoor Technologies is operating at the current time. Most of Opendoor Technologies' value examination focuses on studying past and present price action to predict the probability of Opendoor Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Opendoor Technologies' price. Additionally, you may evaluate how the addition of Opendoor Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Opendoor Technologies' 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 Opendoor Technologies. If investors know Opendoor 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 Opendoor Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.42) | Revenue Per Share 7.504 | Quarterly Revenue Growth (0.62) | Return On Assets (0.05) | Return On Equity (0.29) |
The market value of Opendoor Technologies is measured differently than its book value, which is the value of Opendoor that is recorded on the company's balance sheet. Investors also form their own opinion of Opendoor Technologies' value that differs from its market value or its book value, called intrinsic value, which is Opendoor Technologies' 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 Opendoor Technologies' market value can be influenced by many factors that don't directly affect Opendoor Technologies' 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 Opendoor Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Opendoor Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Opendoor Technologies' 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.