One Average Inventory vs Inventory Turnover Analysis

STKS Stock  USD 2.94  0.03  1.03%   
One Group financial indicator trend analysis is much more than just breaking down One Group Hospitality prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether One Group Hospitality is a good investment. Please check the relationship between One Group Average Inventory and its Inventory Turnover accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in One Group Hospitality. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Average Inventory vs Inventory Turnover

Average Inventory vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of One Group Hospitality Average Inventory account and Inventory Turnover. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between One Group's Average Inventory and Inventory Turnover is 0.49. Overlapping area represents the amount of variation of Average Inventory that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of One Group Hospitality, assuming nothing else is changed. The correlation between historical values of One Group's Average Inventory and Inventory 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 Average Inventory of One Group Hospitality are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Average Inventory i.e., One Group's Average Inventory and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

0.49
Relationship DirectionPositive 
Relationship StrengthWeak

Average Inventory

The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
Most indicators from One Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into One Group Hospitality 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 World Market Map to better understand how to build diversified portfolios, which includes a position in One Group Hospitality. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
At this time, One Group's Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is expected to grow to about 479.4 K this year, even though Tax Provision is projected to decline to (77.7 K).
 2023 2024 (projected)
Reconciled Depreciation14.5M9.2M
Interest Income2.2M1.6M

One Group fundamental ratios Correlations

0.890.960.90.980.730.610.61-0.290.640.520.990.91-0.290.950.990.390.99-0.130.460.960.720.96-0.420.780.99
0.890.960.720.90.720.390.390.070.420.190.910.760.070.930.890.260.920.090.390.880.710.88-0.430.60.92
0.960.960.80.960.670.50.5-0.150.610.430.970.87-0.150.960.950.390.97-0.070.470.930.660.94-0.390.740.97
0.90.720.80.810.840.650.65-0.430.540.530.840.83-0.430.850.850.410.87-0.150.20.830.840.92-0.410.580.87
0.980.90.960.810.660.480.48-0.210.620.460.990.83-0.210.920.990.330.99-0.150.520.950.650.92-0.440.820.99
0.730.720.670.840.660.560.560.070.110.010.670.660.070.70.70.150.740.20.020.691.00.77-0.50.30.72
0.610.390.50.650.480.561.0-0.220.350.410.570.76-0.220.440.60.160.550.230.350.590.560.54-0.340.470.53
0.610.390.50.650.480.561.0-0.220.350.410.570.76-0.220.440.60.160.550.230.350.590.560.54-0.340.470.53
-0.290.07-0.15-0.43-0.210.07-0.22-0.22-0.59-0.84-0.24-0.261.0-0.25-0.23-0.36-0.220.62-0.15-0.240.07-0.31-0.18-0.28-0.23
0.640.420.610.540.620.110.350.35-0.590.870.650.68-0.590.610.610.720.59-0.510.370.590.110.63-0.010.760.6
0.520.190.430.530.460.010.410.41-0.840.870.50.53-0.840.450.480.530.45-0.560.350.440.00.49-0.030.670.47
0.990.910.970.840.990.670.570.57-0.240.650.50.89-0.240.940.990.370.99-0.120.510.970.660.94-0.410.810.99
0.910.760.870.830.830.660.760.76-0.260.680.530.89-0.260.840.890.470.86-0.130.380.890.660.9-0.270.680.86
-0.290.07-0.15-0.43-0.210.07-0.22-0.221.0-0.59-0.84-0.24-0.26-0.25-0.23-0.36-0.220.62-0.15-0.240.07-0.31-0.18-0.28-0.23
0.950.930.960.850.920.70.440.44-0.250.610.450.940.84-0.250.910.390.94-0.130.280.920.690.97-0.310.630.96
0.990.890.950.850.990.70.60.6-0.230.610.480.990.89-0.230.910.330.99-0.090.520.970.690.93-0.450.810.99
0.390.260.390.410.330.150.160.16-0.360.720.530.370.47-0.360.390.330.34-0.320.170.280.150.390.190.460.34
0.990.920.970.870.990.740.550.55-0.220.590.450.990.86-0.220.940.990.34-0.080.460.960.730.95-0.470.781.0
-0.130.09-0.07-0.15-0.150.20.230.230.62-0.51-0.56-0.12-0.130.62-0.13-0.09-0.32-0.08-0.1-0.10.2-0.22-0.24-0.2-0.09
0.460.390.470.20.520.020.350.35-0.150.370.350.510.38-0.150.280.520.170.46-0.10.440.020.28-0.220.620.44
0.960.880.930.830.950.690.590.59-0.240.590.440.970.89-0.240.920.970.280.96-0.10.440.680.94-0.40.680.96
0.720.710.660.840.651.00.560.560.070.110.00.660.660.070.690.690.150.730.20.020.680.76-0.50.290.72
0.960.880.940.920.920.770.540.54-0.310.630.490.940.9-0.310.970.930.390.95-0.220.280.940.76-0.350.640.96
-0.42-0.43-0.39-0.41-0.44-0.5-0.34-0.34-0.18-0.01-0.03-0.41-0.27-0.18-0.31-0.450.19-0.47-0.24-0.22-0.4-0.5-0.35-0.36-0.45
0.780.60.740.580.820.30.470.47-0.280.760.670.810.68-0.280.630.810.460.78-0.20.620.680.290.64-0.360.77
0.990.920.970.870.990.720.530.53-0.230.60.470.990.86-0.230.960.990.341.0-0.090.440.960.720.96-0.450.77
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One Group Account Relationship Matchups

One Group fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets206.6M215.6M229.8M291.0M317.2M333.1M
Other Current Liab11.2M16.6M16.3M18.6M28.9M30.4M
Total Current Liabilities28.1M40.7M42.3M45.7M58.2M61.1M
Total Stockholder Equity34.3M23.2M61.2M69.7M69.2M72.6M
Net Debt136.3M134.7M109.0M128.5M179.1M188.1M
Retained Earnings(7.9M)(20.7M)10.6M24.2M28.9M30.3M
Cash12.3M24.4M23.6M55.1M21.0M12.6M
Cash And Short Term Investments12.3M24.4M23.6M55.1M21.0M12.6M
Common Stock Shares Outstanding29.6M28.9M33.8M33.9M32.3M21.8M
Liabilities And Stockholders Equity206.6M215.6M229.8M291.0M317.2M333.1M
Other Stockholder Equity44.9M46.5M53.4M48.4M43.2M30.5M
Total Liab172.7M193.6M169.3M222.4M249.9M262.4M
Total Current Assets27.1M34.4M42.9M78.5M46.7M49.0M
Accounts Payable8.3M7.4M11.1M13.1M19.1M20.0M
Short Long Term Debt Total148.7M159.1M132.6M183.6M200.2M210.2M
Other Current Assets1.0M1.3M3.7M2.1M1.8M1.6M
Noncontrolling Interest In Consolidated Entity(402K)(1.2M)(909K)(1.1M)(1.0M)(961.0K)
Non Current Assets Total179.4M181.2M186.9M212.5M270.6M284.1M
Non Currrent Assets Other1.6M2.4M3.2M4.8M4.7M4.9M
Other Assets10.7M97.5M16.4M18.0M20.6M15.2M
Long Term Debt45.2M45.1M23.1M70.5M70.4M73.9M
Retained Earnings Total Equity(7.9M)(20.7M)10.6M24.2M27.8M29.2M
Inventory3.1M2.5M3.9M5.7M6.2M6.5M
Accumulated Other Comprehensive Income(2.7M)(2.6M)(2.6M)(2.9M)(2.9M)(2.8M)
Property Plant Equipment151.6M148.3M155.0M94.1M108.2M66.3M
Property Plant And Equipment Net151.6M148.3M155.0M179.2M235.8M247.6M
Current Deferred Revenue3.5M2.2M2.1M2.4M1.7M1.4M
Net Receivables10.7M6.2M11.7M15.6M17.6M9.0M
Non Current Liabilities Total144.5M152.8M127.0M176.8M191.7M201.3M
Short Term Debt5.1M15.5M11.3M8.0M8.4M6.3M
Other Liab1.0M953K298K972K874.8K831.1K
Net Tangible Assets17.1M6.9M45.7M69.7M80.2M84.2M
Capital Surpluse44.9M46.5M53.5M55.6M63.9M45.7M
Property Plant And Equipment Gross151.6M67.3M69.6M94.1M<