Omega Income Tax Expense vs Selling General Administrative 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 Income Tax Expense and its Selling General Administrative 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.
Income Tax Expense vs Selling General Administrative
Income Tax Expense vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Omega Flex Income Tax Expense account and Selling General Administrative. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Omega Flex's Income Tax Expense and Selling General Administrative is 0.58. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Selling General Administrative 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 Income Tax Expense and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Omega Flex are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Income Tax Expense i.e., Omega Flex's Income Tax Expense and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.58 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Income Tax Expense
Selling General Administrative
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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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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.