Oceanpal Total Current Assets vs Inventory Analysis

OP Stock

USD 2.12 0.10 4.50%

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

To learn how to invest in Oceanpal Stock, please use our How to Invest in Oceanpal guide.

Total Current Assets vs Inventory

Total Current Assets vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Oceanpal Total Current Assets account and Inventory. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Oceanpal's Total Current Assets and Inventory is 0.59. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Inventory in the same time period over historical financial statements of Oceanpal, assuming nothing else is changed. The correlation between historical values of Oceanpal's Total Current Assets and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Oceanpal are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Total Current Assets i.e., Oceanpal's Total Current Assets and Inventory go up and down completely randomly.

Correlation Coefficient

0.59

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Inventory

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

To learn how to invest in Oceanpal Stock, please use our How to Invest in Oceanpal guide.As of 06/08/2024, Selling General Administrative is likely to grow to about 5.5 M, while Issuance Of Capital Stock is likely to drop slightly above 12.5 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	792K	8.9M	16.9M	17.8M
Cost Of Revenue	408K	10.6M	9.6M	8.2M

Total Operating Expenses Cost Of Revenue

Oceanpal fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.65	0.86	1.0	0.83	0.98	0.97	-0.93	0.86	0.95	0.91	0.99	0.88	-0.15	0.91	0.92	0.75	-0.24	0.94	0.16	0.91	0.86	0.79	1.0	0.98	0.65
Other Current Liab	0.65		0.95	0.64	0.48	0.67	0.78	-0.62	0.45	0.38	0.61	0.67	0.75	0.53	0.61	0.88	0.43	-0.26	0.77	0.22	0.52	0.95	0.73	0.64	0.71	0.28
Total Current Liabilities	0.86	0.95		0.85	0.67	0.86	0.93	-0.81	0.66	0.66	0.8	0.86	0.87	0.28	0.8	0.98	0.61	-0.27	0.92	0.22	0.73	1.0	0.81	0.85	0.89	0.48
Total Stockholder Equity	1.0	0.64	0.85		0.83	0.98	0.97	-0.93	0.87	0.95	0.91	0.98	0.88	-0.16	0.91	0.92	0.75	-0.23	0.94	0.15	0.91	0.85	0.78	1.0	0.98	0.66
Net Tangible Assets	0.83	0.48	0.67	0.83		0.79	0.79	-0.92	0.66	0.86	0.91	0.8	0.9	-0.07	0.91	0.71	0.96	-0.71	0.65	-0.39	0.76	0.67	0.69	0.83	0.9	0.61
Property Plant And Equipment Net	0.98	0.67	0.86	0.98	0.79		0.99	-0.91	0.93	0.92	0.89	1.0	0.87	-0.07	0.89	0.93	0.71	-0.19	0.94	0.15	0.95	0.86	0.87	0.98	0.96	0.5
Current Deferred Revenue	0.97	0.78	0.93	0.97	0.79	0.99		-0.92	0.87	0.87	0.9	0.99	0.92	0.04	0.9	0.98	0.72	-0.25	0.96	0.15	0.91	0.93	0.89	0.97	0.97	0.51
Net Debt	-0.93	-0.62	-0.81	-0.93	-0.92	-0.91	-0.92		-0.82	-0.89	-1.0	-0.91	-0.97	0.16	-1.0	-0.85	-0.92	0.47	-0.86	0.05	-0.9	-0.81	-0.78	-0.93	-0.94	-0.63
Retained Earnings	0.86	0.45	0.66	0.87	0.66	0.93	0.87	-0.82		0.87	0.82	0.92	0.76	-0.21	0.82	0.77	0.63	-0.04	0.82	0.13	0.99	0.66	0.85	0.87	0.81	0.27
Accounts Payable	0.95	0.38	0.66	0.95	0.86	0.92	0.87	-0.89	0.87		0.87	0.93	0.79	-0.34	0.87	0.76	0.78	-0.26	0.8	0.0	0.9	0.66	0.69	0.95	0.91	0.64
Cash	0.91	0.61	0.8	0.91	0.91	0.89	0.9	-1.0	0.82	0.87		0.89	0.97	-0.16	1.0	0.83	0.93	-0.49	0.85	-0.07	0.9	0.8	0.78	0.91	0.92	0.6
Non Current Assets Total	0.99	0.67	0.86	0.98	0.8	1.0	0.99	-0.91	0.92	0.93	0.89		0.88	-0.06	0.89	0.94	0.72	-0.21	0.93	0.13	0.95	0.86	0.87	0.98	0.97	0.51
Non Currrent Assets Other	0.88	0.75	0.87	0.88	0.9	0.87	0.92	-0.97	0.76	0.79	0.97	0.88		0.08	0.97	0.88	0.91	-0.56	0.83	-0.13	0.85	0.87	0.85	0.88	0.93	0.51
Other Assets	-0.15	0.53	0.28	-0.16	-0.07	-0.07	0.04	0.16	-0.21	-0.34	-0.16	-0.06	0.08		-0.16	0.19	-0.13	-0.29	-0.09	-0.28	-0.2	0.28	0.31	-0.16	0.01	-0.47
Cash And Short Term Investments	0.91	0.61	0.8	0.91	0.91	0.89	0.9	-1.0	0.82	0.87	1.0	0.89	0.97	-0.16		0.83	0.93	-0.49	0.85	-0.07	0.9	0.8	0.78	0.91	0.92	0.6
Net Receivables	0.92	0.88	0.98	0.92	0.71	0.93	0.98	-0.85	0.77	0.76	0.83	0.94	0.88	0.19	0.83		0.63	-0.22	0.95	0.23	0.82	0.98	0.86	0.92	0.94	0.49
Common Stock Shares Outstanding	0.75	0.43	0.61	0.75	0.96	0.71	0.72	-0.92	0.63	0.78	0.93	0.72	0.91	-0.13	0.93	0.63		-0.75	0.6	-0.41	0.74	0.61	0.65	0.75	0.81	0.56
Non Current Liabilities Total	-0.24	-0.26	-0.27	-0.23	-0.71	-0.19	-0.25	0.47	-0.04	-0.26	-0.49	-0.21	-0.56	-0.29	-0.49	-0.22	-0.75		-0.04	0.81	-0.17	-0.27	-0.31	-0.23	-0.4	-0.26
Inventory	0.94	0.77	0.92	0.94	0.65	0.94	0.96	-0.86	0.82	0.8	0.85	0.93	0.83	-0.09	0.85	0.95	0.6	-0.04		0.41	0.86	0.92	0.76	0.94	0.89	0.59
Other Current Assets	0.16	0.22	0.22	0.15	-0.39	0.15	0.15	0.05	0.13	0.0	-0.07	0.13	-0.13	-0.28	-0.07	0.23	-0.41	0.81	0.41		0.08	0.22	-0.09	0.15	0.0	0.2
Other Stockholder Equity	0.91	0.52	0.73	0.91	0.76	0.95	0.91	-0.9	0.99	0.9	0.9	0.95	0.85	-0.2	0.9	0.82	0.74	-0.17	0.86	0.08		0.73	0.87	0.91	0.87	0.37
Total Liab	0.86	0.95	1.0	0.85	0.67	0.86	0.93	-0.81	0.66	0.66	0.8	0.86	0.87	0.28	0.8	0.98	0.61	-0.27	0.92	0.22	0.73		0.81	0.85	0.89	0.48
Deferred Long Term Liab	0.79	0.73	0.81	0.78	0.69	0.87	0.89	-0.78	0.85	0.69	0.78	0.87	0.85	0.31	0.78	0.86	0.65	-0.31	0.76	-0.09	0.87	0.81		0.78	0.83	0.09
Net Invested Capital	1.0	0.64	0.85	1.0	0.83	0.98	0.97	-0.93	0.87	0.95	0.91	0.98	0.88	-0.16	0.91	0.92	0.75	-0.23	0.94	0.15	0.91	0.85	0.78		0.98	0.66
Property Plant And Equipment Gross	0.98	0.71	0.89	0.98	0.9	0.96	0.97	-0.94	0.81	0.91	0.92	0.97	0.93	0.01	0.92	0.94	0.81	-0.4	0.89	0.0	0.87	0.89	0.83	0.98		0.62
Total Current Assets	0.65	0.28	0.48	0.66	0.61	0.5	0.51	-0.63	0.27	0.64	0.6	0.51	0.51	-0.47	0.6	0.49	0.56	-0.26	0.59	0.2	0.37	0.48	0.09	0.66	0.62

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Oceanpal Account Relationship Matchups

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Oceanpal Total Current Assets vs Inventory Analysis

Total Current Assets vs Inventory

Total Current Assets vs Inventory Correlation Analysis

Correlation Coefficient

Total Current Assets

Inventory

Oceanpal fundamental ratios Correlations

Oceanpal Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Oceanpal Stock Analysis

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Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash

Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Non Currrent Assets Other	- 0.97	Net Debt
Property Plant And Equipment Gross	- 0.94	Net Debt
Net Invested Capital	- 0.93	Net Debt
Net Debt	- 0.93	Total Stockholder Equity