OnMobile Total Assets vs Good Will Analysis

ONMOBILE   76.85  0.94  1.21%   
OnMobile Global financial indicator trend analysis is much more than just breaking down OnMobile Global prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether OnMobile Global is a good investment. Please check the relationship between OnMobile Global Total Assets and its Good Will accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OnMobile Global Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Total Assets vs Good Will

Total Assets vs Good Will Correlation Analysis

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

Correlation Coefficient

0.6
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Assets

Total assets refers to the total amount of OnMobile Global 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 OnMobile Global 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.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Most indicators from OnMobile Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into OnMobile Global 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 OnMobile Global Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
At this time, OnMobile Global's Selling General Administrative is quite stable compared to the past year. Tax Provision is expected to rise to about 129.6 M this year, although the value of Issuance Of Capital Stock will most likely fall to about 7 M.
 2021 2022 2023 2024 (projected)
Total Revenue5.2B5.3B5.1B5.7B
Depreciation And Amortization103.7M102.6M112.1M106.5M

OnMobile Global fundamental ratios Correlations

0.650.570.930.990.70.42-0.260.690.510.820.340.90.950.00.550.010.440.940.760.560.90.460.60.220.66
0.650.510.60.630.880.450.140.110.250.66-0.030.530.48-0.340.640.310.080.640.350.80.370.110.780.260.74
0.570.510.660.50.55-0.18-0.30.420.480.40.280.580.58-0.060.460.18-0.090.680.520.640.46-0.020.18-0.210.53
0.930.60.660.860.70.28-0.410.790.640.610.510.960.90.140.520.00.310.990.880.480.850.420.410.190.53
0.990.630.50.860.670.47-0.220.620.470.860.280.840.93-0.060.50.020.490.860.690.560.890.480.660.230.67
0.70.880.550.70.670.54-0.220.20.570.560.250.70.5-0.220.390.490.190.70.550.80.420.370.730.330.63
0.420.45-0.180.280.470.540.15-0.070.040.48-0.050.360.17-0.130.220.240.640.290.170.350.220.530.730.280.25
-0.260.14-0.3-0.41-0.22-0.220.15-0.55-0.920.23-0.88-0.5-0.35-0.460.49-0.190.02-0.31-0.690.01-0.4-0.370.13-0.020.24
0.690.110.420.790.620.2-0.07-0.550.570.290.710.760.790.570.3-0.260.120.770.83-0.070.880.24-0.040.080.06
0.510.250.480.640.470.570.04-0.920.570.050.830.70.530.28-0.230.320.050.550.80.310.530.420.160.160.07
0.820.660.40.610.860.560.480.230.290.05-0.190.520.71-0.390.640.040.560.650.250.630.660.330.660.220.84
0.34-0.030.280.510.280.25-0.05-0.880.710.83-0.190.580.40.77-0.20.07-0.140.430.79-0.120.530.21-0.04-0.04-0.35
0.90.530.580.960.840.70.36-0.50.760.70.520.580.870.20.410.10.310.950.930.420.820.520.440.210.43
0.950.480.580.90.930.50.17-0.350.790.530.710.40.870.090.47-0.140.320.90.80.40.930.360.420.160.56
0.0-0.34-0.060.14-0.06-0.22-0.13-0.460.570.28-0.390.770.20.09-0.08-0.24-0.30.110.44-0.560.3-0.11-0.25-0.25-0.68
0.550.640.460.520.50.390.220.490.3-0.230.64-0.20.410.47-0.08-0.10.020.610.210.340.41-0.130.390.060.57
0.010.310.180.00.020.490.24-0.19-0.260.320.040.070.1-0.14-0.24-0.10.02-0.02-0.030.33-0.130.330.240.360.16
0.440.08-0.090.310.490.190.640.020.120.050.56-0.140.310.32-0.30.020.020.290.10.280.330.680.280.160.35
0.940.640.680.990.860.70.29-0.310.770.550.650.430.950.90.110.61-0.020.290.840.490.830.370.430.180.57
0.760.350.520.880.690.550.17-0.690.830.80.250.790.930.80.440.21-0.030.10.840.220.770.390.280.120.16
0.560.80.640.480.560.80.350.01-0.070.310.63-0.120.420.4-0.560.340.330.280.490.220.240.150.66-0.010.78
0.90.370.460.850.890.420.22-0.40.880.530.660.530.820.930.30.41-0.130.330.830.770.240.370.350.120.37
0.460.11-0.020.420.480.370.53-0.370.240.420.330.210.520.36-0.11-0.130.330.680.370.390.150.370.340.320.29
0.60.780.180.410.660.730.730.13-0.040.160.66-0.040.440.42-0.250.390.240.280.430.280.660.350.340.130.59
0.220.26-0.210.190.230.330.28-0.020.080.160.22-0.040.210.16-0.250.060.360.160.180.12-0.010.120.320.130.23
0.660.740.530.530.670.630.250.240.060.070.84-0.350.430.56-0.680.570.160.350.570.160.780.370.290.590.23
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OnMobile Global Account Relationship Matchups

OnMobile Global fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.9B9.1B9.1B9.1B8.9B9.5B
Other Current Liab(139.7M)418.3M366.1M397.1M285.3M505.5M
Total Current Liabilities2.7B2.6B2.4B2.3B2.2B2.7B
Total Stockholder Equity5.9B6.3B6.5B6.5B6.5B6.5B
Property Plant And Equipment Net322.0M245.0M255.1M245.9M192.7M183.0M
Current Deferred Revenue321.4M506.2M512.3M116.1M(13.9M)(13.2M)
Net Debt(750.8M)(841.8M)(618.1M)(636.1M)(452.1M)(474.7M)
Accounts Payable2.2B1.9B1.7B1.8B1.7B1.6B
Cash895.1M918.4M727.8M770.2M633.3M601.7M
Non Current Assets Total3.3B4.4B5.1B5.7B6.1B4.6B
Cash And Short Term Investments2.5B2.1B1.3B1.5B633.4M601.7M
Net Receivables2.4B2.1B2.2B2.0B1.4B2.3B
Common Stock Shares Outstanding105.7M104.3M106.4M105.9M106.6M115.9M
Short Term Investments1.6B1.1B618.0M742.4M30K28.5K
Liabilities And Stockholders Equity8.9B9.1B9.1B9.1B8.9B9.5B
Non Current Liabilities Total228.7M198.3M195.2M202.3M135.2M236.8M
Inventory(1.9B)(1.1B)(791.7M)(300.2M)(1.4B)(1.4B)
Other Current Assets576.7M2.6B2.7B2.6B2.1B1.4B
Total Liab3.0B2.8B2.6B2.5B2.4B3.0B
Total Current Assets5.5B4.7B4.1B3.4B2.7B5.0B
Accumulated Other Comprehensive Income(2.7B)513.1M555.2M649.1M438.2M460.1M
Short Term Debt(367.4M)15.0M54.9M110.2M165.1M120.5M
Non Currrent Assets Other1.4B2.0B2.2B2.0B2.0B2.1B
Good Will533.6M596.7M656.6M641.9M636.1M855.9M
Other Stockholder Equity6.6B2.4B2.4B2.4B2.4B2.4B
Intangible Assets168.3M351.3M815.6M1.6B2.2B2.3B
Retained Earnings2.0B2.3B2.5B2.4B2.5B2.1B
Other Liab193.5M136.6M140.3M163.2M187.7M129.4M
Net Tangible Assets5.2B5.3B5.1B4.3B5.0B5.4B
Other Assets2.2B2.6B2.7B1.0B1.2B2.1B
Property Plant Equipment322.0M245.0M255.0M245.9M221.3M325.8M
Long Term Debt Total106.9M61.7M54.8M39.1M44.9M36.1M
Net Invested Capital5.9B6.3B6.5B6.6B6.6B6.8B
Net Working Capital2.8B2.1B1.7B1.1B489.4M465.0M

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Other Information on Investing in OnMobile Stock

Balance Sheet is a snapshot of the financial position of OnMobile Global at a specified time, usually calculated after every quarter, six months, or one year. OnMobile Global Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of OnMobile Global 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 OnMobile currently owns. An asset can also be divided into two categories, current and non-current.