Otis Other Non Cash Items vs Investments Analysis

OTIS Stock

USD 96.34 0.15 0.16%

Otis Worldwide financial indicator trend analysis is much more than just breaking down Otis Worldwide Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Otis Worldwide Corp is a good investment. Please check the relationship between Otis Worldwide Other Non Cash Items and its Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Otis Worldwide 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 gross domestic product.

Other Non Cash Items vs Investments

Other Non Cash Items vs Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Otis Worldwide Corp Other Non Cash Items account and Investments. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Otis Worldwide's Other Non Cash Items and Investments is 0.16. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Investments in the same time period over historical financial statements of Otis Worldwide Corp, assuming nothing else is changed. The correlation between historical values of Otis Worldwide's Other Non Cash Items and Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of Otis Worldwide Corp are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Other Non Cash Items i.e., Otis Worldwide's Other Non Cash Items and Investments go up and down completely randomly.

Correlation Coefficient

0.16

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Other Non Cash Items

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Most indicators from Otis Worldwide's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Otis Worldwide 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 Otis Worldwide 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 gross domestic product.

Selling General Administrative is likely to gain to about 2 B in 2024, whereas Tax Provision is likely to drop slightly above 511.7 M in 2024.

	2020	2023	2024 (projected)
Depreciation And Amortization	191M	193M	161.3M
Interest Income	122M	140.3M	78.9M

Depreciation And Amortization Interest Income

Otis Worldwide fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Accounts Payable	Cash	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt
Total Assets		-0.72	0.77	-0.79	-0.35	-0.8	0.61	-0.15	0.52	-0.15	0.73	-0.5	-0.48	-0.7	0.78	-0.33	0.83	0.98	0.43	-0.75	-0.84	0.78	0.83	0.84	0.81	0.81
Other Current Liab	-0.72		-0.9	0.85	0.46	0.83	-0.79	0.59	-0.53	0.59	-0.96	0.73	0.6	0.98	-0.29	0.35	-0.79	-0.67	-0.6	0.94	0.85	-0.64	-0.8	-0.88	-0.79	-0.8
Total Current Liabilities	0.77	-0.9		-0.98	-0.59	-0.98	0.88	-0.45	0.61	-0.45	0.94	-0.63	-0.54	-0.84	0.33	-0.52	0.95	0.73	0.78	-0.94	-0.98	0.49	0.96	0.88	0.92	0.95
Total Stockholder Equity	-0.79	0.85	-0.98		0.7	1.0	-0.93	0.46	-0.54	0.46	-0.92	0.65	0.57	0.77	-0.37	0.65	-0.98	-0.77	-0.68	0.93	0.99	-0.46	-0.98	-0.84	-0.97	-0.98
Other Liab	-0.35	0.46	-0.59	0.7		0.65	-0.87	0.72	0.07	0.72	-0.62	0.74	0.64	0.36	-0.02	0.98	-0.63	-0.39	-0.15	0.67	0.61	-0.13	-0.64	-0.39	-0.78	-0.66
Net Tangible Assets	-0.8	0.83	-0.98	1.0	0.65		-0.89	0.39	-0.57	0.39	-0.9	0.59	0.51	0.75	-0.41	0.6	-0.99	-0.78	-0.73	0.91	1.0	-0.45	-0.99	-0.84	-0.95	-0.99
Accounts Payable	0.61	-0.79	0.88	-0.93	-0.87	-0.89		-0.66	0.27	-0.66	0.91	-0.71	-0.57	-0.72	0.23	-0.79	0.89	0.63	0.48	-0.92	-0.88	0.38	0.89	0.71	0.92	0.9
Cash	-0.15	0.59	-0.45	0.46	0.72	0.39	-0.66		0.25	1.0	-0.61	0.84	0.67	0.54	0.16	0.64	-0.32	-0.16	-0.04	0.61	0.37	-0.2	-0.34	-0.28	-0.53	-0.37
Other Assets	0.52	-0.53	0.61	-0.54	0.07	-0.57	0.27	0.25		0.25	0.45	-0.1	-0.24	-0.48	0.1	0.05	0.53	0.4	0.69	-0.42	-0.6	0.24	0.52	0.63	0.41	0.49
Cash And Short Term Investments	-0.15	0.59	-0.45	0.46	0.72	0.39	-0.66	1.0	0.25		-0.61	0.84	0.67	0.54	0.16	0.64	-0.32	-0.16	-0.04	0.61	0.37	-0.2	-0.34	-0.28	-0.53	-0.37
Net Receivables	0.73	-0.96	0.94	-0.92	-0.62	-0.9	0.91	-0.61	0.45	-0.61		-0.69	-0.54	-0.94	0.33	-0.5	0.88	0.7	0.59	-0.99	-0.9	0.6	0.9	0.87	0.87	0.9
Good Will	-0.5	0.73	-0.63	0.65	0.74	0.59	-0.71	0.84	-0.1	0.84	-0.69		0.94	0.65	-0.03	0.71	-0.51	-0.47	-0.15	0.73	0.59	-0.45	-0.53	-0.57	-0.74	-0.53
Common Stock Shares Outstanding	-0.48	0.6	-0.54	0.57	0.64	0.51	-0.57	0.67	-0.24	0.67	-0.54	0.94		0.5	0.05	0.68	-0.42	-0.42	-0.07	0.57	0.52	-0.31	-0.43	-0.47	-0.69	-0.43
Inventory	-0.7	0.98	-0.84	0.77	0.36	0.75	-0.72	0.54	-0.48	0.54	-0.94	0.65	0.5		-0.33	0.23	-0.73	-0.65	-0.55	0.92	0.78	-0.72	-0.75	-0.87	-0.7	-0.74
Other Current Assets	0.78	-0.29	0.33	-0.37	-0.02	-0.41	0.23	0.16	0.1	0.16	0.33	-0.03	0.05	-0.33		0.01	0.52	0.84	0.14	-0.35	-0.45	0.65	0.51	0.45	0.41	0.5
Other Stockholder Equity	-0.33	0.35	-0.52	0.65	0.98	0.6	-0.79	0.64	0.05	0.64	-0.5	0.71	0.68	0.23	0.01		-0.57	-0.36	-0.08	0.56	0.56	-0.05	-0.57	-0.31	-0.75	-0.59
Total Liab	0.83	-0.79	0.95	-0.98	-0.63	-0.99	0.89	-0.32	0.53	-0.32	0.88	-0.51	-0.42	-0.73	0.52	-0.57		0.83	0.69	-0.9	-0.98	0.51	1.0	0.84	0.93	1.0
Total Current Assets	0.98	-0.67	0.73	-0.77	-0.39	-0.78	0.63	-0.16	0.4	-0.16	0.7	-0.47	-0.42	-0.65	0.84	-0.36	0.83		0.37	-0.72	-0.82	0.73	0.83	0.76	0.81	0.82
Short Term Debt	0.43	-0.6	0.78	-0.68	-0.15	-0.73	0.48	-0.04	0.69	-0.04	0.59	-0.15	-0.07	-0.55	0.14	-0.08	0.69	0.37		-0.58	-0.71	0.19	0.69	0.68	0.52	0.69
Intangible Assets	-0.75	0.94	-0.94	0.93	0.67	0.91	-0.92	0.61	-0.42	0.61	-0.99	0.73	0.57	0.92	-0.35	0.56	-0.9	-0.72	-0.58		0.91	-0.64	-0.91	-0.89	-0.89	-0.91
Common Stock	-0.84	0.85	-0.98	0.99	0.61	1.0	-0.88	0.37	-0.6	0.37	-0.9	0.59	0.52	0.78	-0.45	0.56	-0.98	-0.82	-0.71	0.91		-0.49	-0.99	-0.86	-0.95	-0.98
Property Plant Equipment	0.78	-0.64	0.49	-0.46	-0.13	-0.45	0.38	-0.2	0.24	-0.2	0.6	-0.45	-0.31	-0.72	0.65	-0.05	0.51	0.73	0.19	-0.64	-0.49		0.52	0.8	0.45	0.5
Short Long Term Debt Total	0.83	-0.8	0.96	-0.98	-0.64	-0.99	0.89	-0.34	0.52	-0.34	0.9	-0.53	-0.43	-0.75	0.51	-0.57	1.0	0.83	0.69	-0.91	-0.99	0.52		0.85	0.94	1.0
Property Plant And Equipment Net	0.84	-0.88	0.88	-0.84	-0.39	-0.84	0.71	-0.28	0.63	-0.28	0.87	-0.57	-0.47	-0.87	0.45	-0.31	0.84	0.76	0.68	-0.89	-0.86	0.8	0.85		0.76	0.84
Current Deferred Revenue	0.81	-0.79	0.92	-0.97	-0.78	-0.95	0.92	-0.53	0.41	-0.53	0.87	-0.74	-0.69	-0.7	0.41	-0.75	0.93	0.81	0.52	-0.89	-0.95	0.45	0.94	0.76		0.94
Net Debt	0.81	-0.8	0.95	-0.98	-0.66	-0.99	0.9	-0.37	0.49	-0.37	0.9	-0.53	-0.43	-0.74	0.5	-0.59	1.0	0.82	0.69	-0.91	-0.98	0.5	1.0	0.84	0.94

Click cells to compare fundamentals

Otis Worldwide Account Relationship Matchups

Otis Worldwide fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.7B	10.7B	12.3B	9.8B	10.1B	11.1B
Total Current Liabilities	5.4B	6.7B	6.2B	6.8B	6.5B	6.6B
Total Stockholder Equity	1.7B	(3.8B)	(3.6B)	(4.9B)	(4.9B)	(4.7B)
Other Liab	1.6B	1.6B	1.4B	1.2B	1.1B	1.2B
Net Tangible Assets	(437M)	(6.0B)	(5.7B)	(6.7B)	(6.0B)	(5.7B)
Accounts Payable	1.3B	1.5B	1.6B	1.7B	1.9B	1.7B
Cash	1.4B	1.8B	1.6B	1.2B	1.3B	1.2B
Other Assets	636M	1.2B	632M	572M	657.8M	764.3M
Cash And Short Term Investments	1.4B	1.8B	1.6B	1.2B	1.3B	1.2B
Net Receivables	3.4B	3.6B	3.8B	4.0B	4.3B	3.9B
Good Will	1.6B	1.8B	1.7B	1.6B	1.6B	1.3B
Common Stock Shares Outstanding	433.1M	434.6M	431.4M	423M	414.6M	343.6M
Inventory	571M	659M	622M	617M	612M	550.9M
Other Current Assets	251M	446M	2.3B	316M	259M	246.1M
Other Stockholder Equity	324M	30M	(725M)	(1.6B)	(2.4B)	(2.3B)
Total Liab	7.4B	13.9B	15.3B	14.5B	14.8B	12.6B
Total Current Assets	5.7B	6.5B	8.3B	6.1B	6.4B	6.9B
Short Term Debt	174M	868M	205M	797M	149M	141.6M
Intangible Assets	490M	484M	419M	369M	335M	380M
Common Stock	2.5B	59M	119M	162M	213M	202.4M
Property Plant Equipment	1.3B	774M	1.3B	719M	826.9M	981.4M
Short Long Term Debt Total	560M	6.3B	7.6B	7.1B	7.3B	5.3B
Property Plant And Equipment Net	1.3B	1.3B	1.3B	1.2B	1.1B	1.3B
Current Deferred Revenue	2.3B	2.5B	2.7B	2.7B	2.7B	2.8B
Net Debt	(886M)	4.5B	6.0B	5.9B	6.0B	3.7B
Non Current Assets Total	4.0B	4.2B	4.0B	3.7B	3.7B	3.1B
Non Currrent Assets Other	636M	644M	632M	572M	645M	681.5M
Common Stock Total Equity	2.5B	59M	119M	162M	145.8M	138.5M
Liabilities And Stockholders Equity	9.7B	10.7B	12.3B	9.8B	10.1B	11.3B
Non Current Liabilities Total	2.0B	7.2B	9.0B	7.6B	8.4B	6.6B
Capital Lease Obligations	526M	367M	336M	315M	409M	358.1M
Net Invested Capital	1.7B	2.1B	3.6B	1.9B	2.0B	2.4B
Property Plant And Equipment Gross	1.3B	1.3B	1.3B	1.2B	2.4B	1.5B
Short Long Term Debt	34M	701M	24M	670M	32M	30.4M
Accumulated Other Comprehensive Income	(758M)	(815M)	(763M)	(592M)	(750M)	(787.5M)
Capital Stock	2.5B	59M	119M	162M	213M	202.4M
Non Current Liabilities Other	219M	1.7B	606M	1.3B	398M	378.1M
Net Working Capital	284M	(180M)	2.0B	(700M)	(79M)	(75.1M)

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Otis Stock Analysis

When running Otis Worldwide's price analysis, check to measure Otis Worldwide'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 Otis Worldwide is operating at the current time. Most of Otis Worldwide's value examination focuses on studying past and present price action to predict the probability of Otis Worldwide's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Otis Worldwide's price. Additionally, you may evaluate how the addition of Otis Worldwide to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC