Omega Gross Profit vs Depreciation And Amortization Analysis
OFLX Stock | USD 66.09 1.05 1.56% |
Omega Flex financial indicator trend analysis is much more than just breaking down Omega Flex prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Omega Flex is a good investment. Please check the relationship between Omega Flex Gross Profit and its Depreciation And Amortization accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Omega Flex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Omega Stock please use our How to Invest in Omega Flex guide.
Gross Profit vs Depreciation And Amortization
Gross Profit vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Omega Flex Gross Profit account and Depreciation And Amortization. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Omega Flex's Gross Profit and Depreciation And Amortization is 0.51. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Omega Flex, assuming nothing else is changed. The correlation between historical values of Omega Flex's Gross Profit and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Omega Flex are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Gross Profit i.e., Omega Flex's Gross Profit and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.51 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Omega Flex minus its cost of goods sold. It is profit before Omega Flex operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Most indicators from Omega Flex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Omega Flex 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 Omega Flex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Omega Stock please use our How to Invest in Omega Flex guide.Enterprise Value is likely to rise to about 857.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 17 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 81.5M | 78.3M | 64.9M | 51.2M | Total Revenue | 130.0M | 125.5M | 111.5M | 85.2M |
Omega Flex fundamental ratios Correlations
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Omega Flex Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Omega Flex fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 61.0M | 71.6M | 88.9M | 97.7M | 100.2M | 59.6M | |
Total Stockholder Equity | 37.4M | 46.1M | 60.4M | 71.0M | 78.7M | 39.9M | |
Other Assets | 1.5M | 2.1M | 1.7M | 6.8M | 1.0 | 0.95 | |
Liabilities And Stockholders Equity | 61.0M | 71.6M | 88.9M | 97.7M | 100.2M | 59.6M | |
Total Liab | 23.4M | 25.2M | 28.4M | 26.5M | 21.4M | 19.5M | |
Other Current Liab | 5.4M | 5.6M | 4.9M | 19.6M | 15.3M | 12.3M | |
Total Current Liabilities | 20.5M | 21.9M | 22.8M | 22.4M | 18.1M | 17.8M | |
Other Liab | 2.5M | 3.1M | 2.6M | 1.4M | 1.6M | 1.6M | |
Retained Earnings | 27.2M | 35.8M | 50.1M | 61.0M | 68.5M | 71.9M | |
Accounts Payable | 2.4M | 2.5M | 3.4M | 2.3M | 2.1M | 2.2M | |
Cash | 16.1M | 23.6M | 32.9M | 37.7M | 46.4M | 48.7M | |
Inventory | 11.1M | 11.5M | 15.6M | 17.8M | 15.6M | 9.9M | |
Other Current Assets | 2.1M | 2.1M | 2.5M | 2.8M | 2.9M | 1.5M | |
Property Plant Equipment | 8.9M | 8.6M | 8.6M | 8.4M | 9.7M | 7.0M | |
Property Plant And Equipment Net | 9.7M | 9.1M | 11.9M | 11.6M | 11.9M | 7.8M | |
Net Debt | (15.3M) | (23.1M) | (29.5M) | (34.5M) | (43.4M) | (41.2M) | |
Non Current Assets Total | 14.7M | 14.2M | 17.2M | 21.9M | 20.0M | 13.9M | |
Cash And Short Term Investments | 16.1M | 23.6M | 32.9M | 37.7M | 46.4M | 48.7M | |
Net Receivables | 17.0M | 20.1M | 20.7M | 17.5M | 15.4M | 15.8M | |
Non Current Liabilities Total | 2.9M | 3.3M | 5.6M | 4.1M | 3.3M | 3.0M | |
Property Plant And Equipment Gross | 9.7M | 9.1M | 26.3M | 26.9M | 28.3M | 29.7M | |
Total Current Assets | 46.3M | 57.4M | 71.7M | 75.8M | 80.2M | 49.9M | |
Accumulated Other Comprehensive Income | (909K) | (778K) | (827K) | (1.1M) | (930K) | (883.5K) | |
Short Term Debt | 369K | 247K | 383K | 447K | 454K | 431.3K | |
Non Currrent Assets Other | 1.5M | 1.6M | 1.7M | 5.9M | 4.4M | 2.3M | |
Net Tangible Assets | 33.9M | 42.6M | 56.8M | 67.5M | 77.6M | 44.2M | |
Noncontrolling Interest In Consolidated Entity | 194K | 260K | 189K | 196K | 225.4K | 253.4K | |
Retained Earnings Total Equity | 27.2M | 35.8M | 50.1M | 61.0M | 70.1M | 36.9M | |
Deferred Long Term Liab | 331K | 121K | 427K | 6K | 5.4K | 5.1K | |
Non Current Liabilities Other | 2.6M | 3.2M | 5.2M | 4.1M | 603K | 572.9K | |
Net Invested Capital | 37.4M | 46.1M | 60.4M | 71.0M | 78.7M | 65.2M | |
Net Working Capital | 25.8M | 35.5M | 48.9M | 53.4M | 62.1M | 51.3M |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Omega Flex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Omega Stock please use our How to Invest in Omega Flex guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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Is Omega Flex'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 Omega Flex. If investors know Omega 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 Omega Flex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.27) | Dividend Share 1.32 | Earnings Share 1.91 | Revenue Per Share 10.57 | Quarterly Revenue Growth (0.16) |
The market value of Omega Flex is measured differently than its book value, which is the value of Omega that is recorded on the company's balance sheet. Investors also form their own opinion of Omega Flex's value that differs from its market value or its book value, called intrinsic value, which is Omega Flex'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 Omega Flex's market value can be influenced by many factors that don't directly affect Omega Flex'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 Omega Flex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Omega Flex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Omega Flex'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.