Optical Non Operating Income Net Other vs Other Operating Expenses Analysis
OCC Stock | USD 2.75 0.01 0.36% |
Optical Cable financial indicator trend analysis is much more than just breaking down Optical Cable prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Optical Cable is a good investment. Please check the relationship between Optical Cable Non Operating Income Net Other and its Other Operating Expenses accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Optical Cable. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Optical Stock refer to our How to Trade Optical Stock guide.
Non Operating Income Net Other vs Other Operating Expenses
Non Operating Income Net Other vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Optical Cable Non Operating Income Net Other account and Other Operating Expenses. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Optical Cable's Non Operating Income Net Other and Other Operating Expenses is -0.33. Overlapping area represents the amount of variation of Non Operating Income Net Other that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Optical Cable, assuming nothing else is changed. The correlation between historical values of Optical Cable's Non Operating Income Net Other and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Operating Income Net Other of Optical Cable are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Non Operating Income Net Other i.e., Optical Cable's Non Operating Income Net Other and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.33 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Non Operating Income Net Other
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Optical Cable. It is also known as Optical Cable overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most indicators from Optical Cable's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Optical Cable 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 Optical Cable. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Optical Stock refer to our How to Trade Optical Stock guide.The current year's Tax Provision is expected to grow to about 144.8 K, whereas Selling General Administrative is forecasted to decline to about 20.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 768K | 1.2M | 1.0M | 1.1M | Depreciation And Amortization | 24K | 946.5K | 851.8K | 844.0K |
Optical Cable fundamental ratios Correlations
Click cells to compare fundamentals
Optical Cable Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Optical Cable fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 36.6M | 37.9M | 40.6M | 43.9M | 50.5M | 44.8M | |
Short Long Term Debt Total | 15.1M | 8.3M | 10.5M | 11.0M | 12.6M | 9.5M | |
Other Current Liab | 1.5M | 1.6M | 1.8M | 1.9M | 2.2M | 2.4M | |
Total Current Liabilities | 6.3M | 6.2M | 7.5M | 7.8M | 8.9M | 7.3M | |
Total Stockholder Equity | 15.3M | 22.2M | 22.2M | 24.7M | 22.2M | 22.5M | |
Property Plant And Equipment Net | 8.8M | 7.9M | 7.4M | 7.1M | 6.4M | 9.3M | |
Net Debt | 15.0M | 8.2M | 10.3M | 9.5M | 11.0M | 11.5M | |
Retained Earnings | 1.3M | 7.9M | 7.5M | 9.6M | 8.6M | 15.7M | |
Accounts Payable | 2.9M | 4.3M | 5.4M | 5.8M | 6.7M | 4.2M | |
Cash | 141K | 132K | 216K | 1.5M | 1.3M | 1.3M | |
Non Current Assets Total | 11.2M | 10.4M | 9.4M | 8.8M | 8.0M | 10.7M | |
Cash And Short Term Investments | 141K | 132K | 216K | 1.5M | 1.3M | 1.9M | |
Net Receivables | 7.6M | 8.4M | 11.0M | 9.2M | 10.6M | 11.2M | |
Common Stock Shares Outstanding | 7.4M | 7.6M | 7.5M | 7.9M | 9.1M | 7.4M | |
Liabilities And Stockholders Equity | 36.6M | 37.9M | 40.6M | 43.9M | 50.5M | 44.8M | |
Non Current Liabilities Total | 15.0M | 9.5M | 10.9M | 11.4M | 13.1M | 7.0M | |
Inventory | 17.1M | 16.3M | 19.4M | 23.8M | 27.3M | 15.0M | |
Other Current Assets | 521K | 2.8M | 577K | 595.5K | 684.8K | 1.2M | |
Other Stockholder Equity | 100.0 | 82.0 | 47.0 | 282.0 | 253.8 | 241.11 | |
Total Liab | 21.3M | 15.7M | 18.4M | 19.2M | 22.0M | 14.0M | |
Property Plant And Equipment Gross | 8.8M | 39.7M | 39.5M | 38.7M | 44.6M | 46.8M | |
Total Current Assets | 25.3M | 27.6M | 31.2M | 35.0M | 40.3M | 30.1M | |
Short Term Debt | 1.9M | 324.8K | 338.1K | 52.6K | 47.4K | 45.0K | |
Non Currrent Assets Other | 1.8M | 1.8M | 1.4M | 1.1M | 1.3M | 1.0M | |
Common Stock | 14.0M | 14.3M | 14.6M | 15.1M | 17.4M | 18.3M | |
Other Assets | 57.4K | 492.4K | 562.0K | 520.1K | 468.1K | 463.7K | |
Property Plant Equipment | 10.0M | 8.8M | 9.1M | 8.2M | 7.4M | 9.7M | |
Other Liab | 71.3K | 877.0K | 652.1K | 219.5K | 197.6K | 187.7K | |
Current Deferred Revenue | (27.0) | 13.8K | 13.5K | 18.2K | 20.9K | 22.0K | |
Long Term Debt | 13.2M | 8.0M | 10.2M | 10.9M | 12.6M | 9.9M | |
Intangible Assets | 665.7K | 646.9K | 618.1K | 566.2K | 509.6K | 552.7K | |
Net Tangible Assets | 20.6M | 14.6M | 21.6M | 21.5M | 19.4M | 19.8M | |
Non Current Liabilities Other | 5.2M | 1.5M | 725.0K | 441.8K | 508.1K | 482.7K |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Optical Cable. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Optical Stock refer to our How to Trade Optical Stock guide.Note that the Optical Cable information on this page should be used as a complementary analysis to other Optical Cable's 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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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Is Optical Cable's 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 Optical Cable. If investors know Optical 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 Optical Cable listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.02) | Revenue Per Share 8.763 | Quarterly Revenue Growth (0.19) | Return On Assets (0.02) | Return On Equity (0.01) |
The market value of Optical Cable is measured differently than its book value, which is the value of Optical that is recorded on the company's balance sheet. Investors also form their own opinion of Optical Cable's value that differs from its market value or its book value, called intrinsic value, which is Optical Cable's 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 Optical Cable's market value can be influenced by many factors that don't directly affect Optical Cable's 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 Optical Cable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Optical Cable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Optical Cable's 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.