Open Net Invested Capital vs Net Working Capital Analysis

OTEX Stock

USD 30.59 0.57 1.90%

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

Net Invested Capital vs Net Working Capital

Net Invested Capital vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Open Text Corp Net Invested Capital account and Net Working Capital. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Open Text's Net Invested Capital and Net Working Capital is -0.43. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Open Text Corp, assuming nothing else is changed. The correlation between historical values of Open Text's Net Invested Capital and Net Working Capital 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 Invested Capital of Open Text Corp are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Net Invested Capital i.e., Open Text's Net Invested Capital and Net Working Capital go up and down completely randomly.

Correlation Coefficient

-0.43

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Net Working Capital

Most indicators from Open Text's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Open Text Corp 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 Open Text Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

At this time, Open Text's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 277.2 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 6.17 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	2.4B	3.2B	4.2B	4.4B
Total Revenue	3.5B	4.5B	5.8B	6.1B

Gross Profit Total Revenue

Open Text fundamental ratios Correlations

	Common Stock Shares Outstanding	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	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Short Term Investments	Intangible Assets	Other Assets	Good Will	Common Stock
Common Stock Shares Outstanding		0.6	0.49	0.33	0.49	0.75	0.56	0.42	0.74	0.36	0.64	0.56	0.36	0.64	0.66	0.5	0.53	-0.45	0.5	0.69	0.31	-0.87	0.47	0.52	0.56	0.67
Total Assets	0.6		0.98	0.88	0.97	0.89	0.98	0.96	0.86	0.09	0.72	1.0	0.87	0.72	0.97	0.98	0.93	-0.84	0.98	0.89	0.49	-0.39	0.94	0.38	1.0	0.94
Short Long Term Debt Total	0.49	0.98		0.93	0.98	0.79	0.97	0.99	0.76	-0.02	0.68	0.98	0.86	0.68	0.93	1.0	0.91	-0.83	1.0	0.85	0.51	-0.3	0.96	0.31	0.99	0.88
Other Current Liab	0.33	0.88	0.93		0.93	0.61	0.9	0.91	0.56	-0.3	0.65	0.88	0.9	0.65	0.81	0.93	0.87	-0.74	0.93	0.79	0.4	-0.16	0.85	-0.04	0.9	0.73
Total Current Liabilities	0.49	0.97	0.98	0.93		0.78	0.96	0.98	0.75	0.01	0.64	0.98	0.91	0.64	0.94	0.98	0.95	-0.8	0.99	0.83	0.53	-0.34	0.95	0.22	0.98	0.87
Total Stockholder Equity	0.75	0.89	0.79	0.61	0.78		0.87	0.74	1.0	0.28	0.75	0.87	0.68	0.75	0.91	0.79	0.81	-0.75	0.79	0.88	0.42	-0.5	0.73	0.58	0.86	0.98
Property Plant And Equipment Net	0.56	0.98	0.97	0.9	0.96	0.87		0.92	0.84	-0.06	0.79	0.97	0.86	0.79	0.93	0.96	0.91	-0.87	0.96	0.93	0.51	-0.34	0.88	0.31	0.98	0.94
Net Debt	0.42	0.96	0.99	0.91	0.98	0.74	0.92		0.7	0.05	0.55	0.97	0.88	0.55	0.91	0.99	0.88	-0.78	0.99	0.76	0.48	-0.27	0.98	0.29	0.97	0.83
Retained Earnings	0.74	0.86	0.76	0.56	0.75	1.0	0.84	0.7		0.29	0.75	0.84	0.64	0.74	0.89	0.76	0.77	-0.73	0.76	0.86	0.42	-0.47	0.7	0.62	0.83	0.96
Accounts Payable	0.36	0.09	-0.02	-0.3	0.01	0.28	-0.06	0.05	0.29		-0.3	0.12	0.03	-0.31	0.23	0.01	0.03	0.03	0.01	-0.14	-0.13	-0.51	0.14	0.47	0.06	0.19
Cash	0.64	0.72	0.68	0.65	0.64	0.75	0.79	0.55	0.75	-0.3		0.66	0.49	1.0	0.65	0.67	0.67	-0.72	0.66	0.95	0.47	-0.31	0.49	0.31	0.7	0.76
Non Current Assets Total	0.56	1.0	0.98	0.88	0.98	0.87	0.97	0.97	0.84	0.12	0.66		0.88	0.66	0.97	0.99	0.92	-0.82	0.99	0.85	0.48	-0.38	0.96	0.38	0.99	0.93
Non Currrent Assets Other	0.36	0.87	0.86	0.9	0.91	0.68	0.86	0.88	0.64	0.03	0.49	0.88		0.49	0.87	0.88	0.89	-0.71	0.89	0.7	0.2	-0.26	0.82	-0.07	0.9	0.79
Cash And Short Term Investments	0.64	0.72	0.68	0.65	0.64	0.75	0.79	0.55	0.74	-0.31	1.0	0.66	0.49		0.65	0.66	0.66	-0.72	0.66	0.95	0.46	-0.31	0.49	0.31	0.7	0.76
Net Receivables	0.66	0.97	0.93	0.81	0.94	0.91	0.93	0.91	0.89	0.23	0.65	0.97	0.87	0.65		0.94	0.93	-0.76	0.94	0.85	0.44	-0.48	0.92	0.4	0.96	0.95
Non Current Liabilities Total	0.5	0.98	1.0	0.93	0.98	0.79	0.96	0.99	0.76	0.01	0.67	0.99	0.88	0.66	0.94		0.9	-0.82	1.0	0.84	0.47	-0.32	0.96	0.3	0.99	0.88
Other Current Assets	0.53	0.93	0.91	0.87	0.95	0.81	0.91	0.88	0.77	0.03	0.67	0.92	0.89	0.66	0.93	0.9		-0.77	0.92	0.84	0.55	-0.34	0.86	0.18	0.93	0.87
Other Stockholder Equity	-0.45	-0.84	-0.83	-0.74	-0.8	-0.75	-0.87	-0.78	-0.73	0.03	-0.72	-0.82	-0.71	-0.72	-0.76	-0.82	-0.77		-0.82	-0.81	-0.3	0.25	-0.7	-0.29	-0.85	-0.86
Total Liab	0.5	0.98	1.0	0.93	0.99	0.79	0.96	0.99	0.76	0.01	0.66	0.99	0.89	0.66	0.94	1.0	0.92	-0.82		0.84	0.49	-0.32	0.96	0.28	0.99	0.88
Total Current Assets	0.69	0.89	0.85	0.79	0.83	0.88	0.93	0.76	0.86	-0.14	0.95	0.85	0.7	0.95	0.85	0.84	0.84	-0.81	0.84		0.5	-0.4	0.71	0.35	0.88	0.9
Short Term Debt	0.31	0.49	0.51	0.4	0.53	0.42	0.51	0.48	0.42	-0.13	0.47	0.48	0.2	0.46	0.44	0.47	0.55	-0.3	0.49	0.5		-0.16	0.53	0.43	0.44	0.41
Short Term Investments	-0.87	-0.39	-0.3	-0.16	-0.34	-0.5	-0.34	-0.27	-0.47	-0.51	-0.31	-0.38	-0.26	-0.31	-0.48	-0.32	-0.34	0.25	-0.32	-0.4	-0.16		-0.34	-0.33	-0.37	-0.44
Intangible Assets	0.47	0.94	0.96	0.85	0.95	0.73	0.88	0.98	0.7	0.14	0.49	0.96	0.82	0.49	0.92	0.96	0.86	-0.7	0.96	0.71	0.53	-0.34		0.36	0.94	0.8
Other Assets	0.52	0.38	0.31	-0.04	0.22	0.58	0.31	0.29	0.62	0.47	0.31	0.38	-0.07	0.31	0.4	0.3	0.18	-0.29	0.28	0.35	0.43	-0.33	0.36		0.32	0.47
Good Will	0.56	1.0	0.99	0.9	0.98	0.86	0.98	0.97	0.83	0.06	0.7	0.99	0.9	0.7	0.96	0.99	0.93	-0.85	0.99	0.88	0.44	-0.37	0.94	0.32		0.93
Common Stock	0.67	0.94	0.88	0.73	0.87	0.98	0.94	0.83	0.96	0.19	0.76	0.93	0.79	0.76	0.95	0.88	0.87	-0.86	0.88	0.9	0.41	-0.44	0.8	0.47	0.93

Click cells to compare fundamentals

Open Text Account Relationship Matchups

Open Text fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	271.8M	273.5M	271.9M	270.5M	272.6M	239.3M
Total Assets	10.2B	9.6B	10.2B	17.1B	14.2B	14.9B
Short Long Term Debt Total	4.5B	3.9B	4.5B	9.2B	6.7B	7.0B
Other Current Liab	376.5M	307.8M	334.6M	808.1M	780.2M	819.2M
Total Current Liabilities	1.9B	1.4B	1.5B	3.2B	2.8B	2.9B
Total Stockholder Equity	4.0B	4.1B	4.0B	4.0B	4.2B	4.4B
Property Plant And Equipment Net	452.4M	468.1M	442.8M	642.6M	587.5M	616.9M
Net Debt	2.8B	2.3B	2.8B	8.0B	5.4B	5.7B
Retained Earnings	2.2B	2.2B	2.2B	2.0B	2.1B	2.2B
Accounts Payable	41.5M	57.5M	114.0M	162.7M	151.2M	100.9M
Cash	1.7B	1.6B	1.7B	1.2B	1.3B	1.3B
Non Current Assets Total	7.8B	7.4B	7.9B	14.8B	11.9B	12.5B
Non Currrent Assets Other	123.5M	141.7M	147.5M	313.3M	454.1M	476.8M
Cash And Short Term Investments	1.7B	1.6B	1.7B	1.2B	1.3B	1.3B
Net Receivables	557.1M	496.2M	471.1M	821.9M	757.7M	795.6M
Liabilities And Stockholders Equity	10.2B	9.6B	10.2B	17.1B	14.2B	14.9B
Non Current Liabilities Total	4.3B	4.1B	4.7B	9.8B	7.2B	7.6B
Other Current Assets	211.8M	98.6M	120.6M	221.7M	242.9M	255.1M
Other Stockholder Equity	(23.6M)	(69.4M)	(160.0M)	(151.6M)	(123.3M)	(117.1M)
Total Liab	6.2B	5.5B	6.1B	13.1B	10.0B	10.5B
Total Current Assets	2.4B	2.2B	2.3B	2.3B	2.3B	2.4B
Short Term Debt	674.1M	126.6M	66.4M	412.3M	112.3M	88.9M
Accumulated Other Comprehensive Income	17.8M	66.2M	(7.7M)	(53.6M)	(69.6M)	(66.1M)
Intangible Assets	1.6B	1.2B	1.1B	4.1B	2.5B	2.6B
Other Assets	1.0B	938.4M	1.1B	1.4B	1.0	0.95
Good Will	4.7B	4.7B	5.2B	8.7B	7.5B	7.9B
Common Stock	1.9B	1.9B	2.0B	2.2B	2.3B	2.4B
Property Plant Equipment	244.6M	401.9M	244.7M	356.9M	410.4M	431.0M
Current Deferred Revenue	812.2M	852.6M	902.2M	1.7B	1.5B	1.6B
Other Liab	522.4M	344.7M	270.2M	1.0B	1.2B	1.2B
Long Term Debt	3.6B	3.6B	4.2B	8.6B	6.4B	6.7B
Inventory	(43.9M)	(75.3M)	25.6M	45.9M	(3.9M)	(3.7M)
Noncontrolling Interest In Consolidated Entity	1.3M	1.5M	1.1M	1.3M	1.5M	1.6M
Common Stock Total Equity	1.9B	1.9B	2.0B	2.2B	2.5B	1.3B
Retained Earnings Total Equity	2.2B	2.2B	2.2B	2.0B	2.4B	1.3B
Deferred Long Term Liab	148.7M	50.3M	65.9M	424.0M	487.5M	511.9M
Treasury Stock	(18.7M)	(28.8M)	(23.6M)	(69.4M)	(62.4M)	(59.3M)

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Open Net Invested Capital vs Net Working Capital Analysis

Net Invested Capital vs Net Working Capital

Net Invested Capital vs Net Working Capital Correlation Analysis

Correlation Coefficient

Net Invested Capital

Net Working Capital

Open Text fundamental ratios Correlations

Open Text Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Open Text fundamental ratios Accounts

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Non Current Assets Total	+ 1.0	Total Assets
Good Will	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash

Other Stockholder Equity	- 0.87	Property Plant And Equipment Net
Short Term Investments	- 0.87	Common Stock Shares Outstanding
Common Stock	- 0.86	Other Stockholder Equity
Good Will	- 0.85	Other Stockholder Equity
Other Stockholder Equity	- 0.84	Total Assets
Other Stockholder Equity	- 0.83	Short Long Term Debt Total