Okeanis Current Deferred Revenue vs Net Working Capital Analysis

ECO Stock

19.97 0.78 4.06%

Okeanis Eco financial indicator trend analysis is much more than just breaking down Okeanis Eco Tankers prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Okeanis Eco Tankers is a good investment. Please check the relationship between Okeanis Eco Current Deferred Revenue and its Net Working Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Okeanis Eco Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Current Deferred Revenue vs Net Working Capital

Current Deferred Revenue vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Okeanis Eco Tankers Current Deferred Revenue account and Net Working Capital. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Okeanis Eco's Current Deferred Revenue and Net Working Capital is 0.85. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Okeanis Eco Tankers, assuming nothing else is changed. The correlation between historical values of Okeanis Eco's Current Deferred Revenue and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Okeanis Eco Tankers are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Current Deferred Revenue i.e., Okeanis Eco's Current Deferred Revenue and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Net Working Capital

Most indicators from Okeanis Eco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Okeanis Eco Tankers 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Okeanis Eco Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

At this time, Okeanis Eco's Selling General Administrative is very stable compared to the past year. As of the 16th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.04, while Issuance Of Capital Stock is likely to drop about 12 M.

	2021	2022	2023	2024 (projected)
Interest Expense	27.1M	35.1M	58.7M	37.2M
Depreciation And Amortization	38.7M	38.0M	40.4M	34.9M

Interest Expense Depreciation And Amortization

Okeanis Eco fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Liab	Net Tangible Assets
Total Assets		1.0	0.27	0.99	0.93	0.99	0.88	0.99	0.72	0.87	0.63	0.99	0.72	0.63	0.71	0.97	0.99	0.73	0.9	-0.48	1.0	0.74	0.97	0.74	-0.52	0.76
Short Long Term Debt Total	1.0		0.31	0.98	0.9	1.0	0.85	1.0	0.68	0.86	0.59	1.0	0.71	0.59	0.67	0.97	1.0	0.7	0.89	-0.44	1.0	0.71	0.96	0.71	-0.48	0.72
Other Current Liab	0.27	0.31		0.26	0.0	0.31	0.12	0.34	-0.07	0.1	-0.1	0.31	-0.22	-0.1	0.14	0.29	0.34	0.02	-0.1	0.13	0.33	0.0	0.12	0.07	0.08	-0.13
Total Current Liabilities	0.99	0.98	0.26		0.93	0.97	0.91	0.97	0.77	0.91	0.64	0.97	0.65	0.64	0.78	0.95	0.97	0.8	0.88	-0.59	0.98	0.79	0.99	0.81	-0.53	0.83
Total Stockholder Equity	0.93	0.9	0.0	0.93		0.88	0.96	0.87	0.87	0.84	0.82	0.88	0.72	0.82	0.83	0.89	0.89	0.85	0.88	-0.66	0.9	0.9	0.96	0.81	-0.68	0.9
Property Plant And Equipment Net	0.99	1.0	0.31	0.97	0.88		0.83	1.0	0.66	0.86	0.54	1.0	0.71	0.54	0.62	0.96	1.0	0.65	0.9	-0.4	1.0	0.65	0.94	0.69	-0.43	0.69
Current Deferred Revenue	0.88	0.85	0.12	0.91	0.96	0.83		0.82	0.94	0.83	0.76	0.83	0.54	0.76	0.89	0.85	0.83	0.87	0.75	-0.77	0.85	0.89	0.92	0.9	-0.66	0.92
Net Debt	0.99	1.0	0.34	0.97	0.87	1.0	0.82		0.65	0.86	0.52	1.0	0.69	0.52	0.62	0.96	1.0	0.66	0.89	-0.4	1.0	0.65	0.94	0.69	-0.43	0.68
Retained Earnings	0.72	0.68	-0.07	0.77	0.87	0.66	0.94	0.65		0.8	0.7	0.66	0.5	0.7	0.82	0.73	0.66	0.87	0.61	-0.89	0.68	0.82	0.79	0.95	-0.73	0.92
Accounts Payable	0.87	0.86	0.1	0.91	0.84	0.86	0.83	0.86	0.8		0.52	0.86	0.7	0.52	0.7	0.9	0.85	0.85	0.79	-0.73	0.87	0.7	0.92	0.91	-0.63	0.84
Cash	0.63	0.59	-0.1	0.64	0.82	0.54	0.76	0.52	0.7	0.52		0.54	0.57	1.0	0.83	0.63	0.57	0.82	0.58	-0.6	0.58	0.95	0.68	0.57	-0.82	0.76
Non Current Assets Total	0.99	1.0	0.31	0.97	0.88	1.0	0.83	1.0	0.66	0.86	0.54		0.71	0.54	0.62	0.96	1.0	0.65	0.9	-0.4	1.0	0.65	0.94	0.69	-0.43	0.69
Non Currrent Assets Other	0.72	0.71	-0.22	0.65	0.72	0.71	0.54	0.69	0.5	0.7	0.57	0.71		0.57	0.31	0.79	0.71	0.58	0.82	-0.29	0.7	0.53	0.69	0.47	-0.65	0.51
Cash And Short Term Investments	0.63	0.59	-0.1	0.64	0.82	0.54	0.76	0.52	0.7	0.52	1.0	0.54	0.57		0.83	0.63	0.57	0.82	0.58	-0.6	0.58	0.95	0.68	0.57	-0.82	0.76
Net Receivables	0.71	0.67	0.14	0.78	0.83	0.62	0.89	0.62	0.82	0.7	0.83	0.62	0.31	0.83		0.66	0.65	0.91	0.54	-0.82	0.67	0.95	0.8	0.81	-0.67	0.92
Common Stock Shares Outstanding	0.97	0.97	0.29	0.95	0.89	0.96	0.85	0.96	0.73	0.9	0.63	0.96	0.79	0.63	0.66		0.97	0.77	0.83	-0.51	0.97	0.73	0.92	0.76	-0.65	0.72
Non Current Liabilities Total	0.99	1.0	0.34	0.97	0.89	1.0	0.83	1.0	0.66	0.85	0.57	1.0	0.71	0.57	0.65	0.97		0.68	0.89	-0.41	1.0	0.68	0.94	0.69	-0.47	0.69
Inventory	0.73	0.7	0.02	0.8	0.85	0.65	0.87	0.66	0.87	0.85	0.82	0.65	0.58	0.82	0.91	0.77	0.68		0.6	-0.88	0.7	0.93	0.82	0.89	-0.88	0.92
Other Current Assets	0.9	0.89	-0.1	0.88	0.88	0.9	0.75	0.89	0.61	0.79	0.58	0.9	0.82	0.58	0.54	0.83	0.89	0.6		-0.37	0.89	0.64	0.91	0.59	-0.4	0.72
Other Stockholder Equity	-0.48	-0.44	0.13	-0.59	-0.66	-0.4	-0.77	-0.4	-0.89	-0.73	-0.6	-0.4	-0.29	-0.6	-0.82	-0.51	-0.41	-0.88	-0.37		-0.44	-0.76	-0.63	-0.92	0.72	-0.89
Total Liab	1.0	1.0	0.33	0.98	0.9	1.0	0.85	1.0	0.68	0.87	0.58	1.0	0.7	0.58	0.67	0.97	1.0	0.7	0.89	-0.44		0.7	0.95	0.71	-0.48	0.72
Total Current Assets	0.74	0.71	0.0	0.79	0.9	0.65	0.89	0.65	0.82	0.7	0.95	0.65	0.53	0.95	0.95	0.73	0.68	0.93	0.64	-0.76	0.7		0.82	0.76	-0.81	0.9
Short Term Debt	0.97	0.96	0.12	0.99	0.96	0.94	0.92	0.94	0.79	0.92	0.68	0.94	0.69	0.68	0.8	0.92	0.94	0.82	0.91	-0.63	0.95	0.82		0.82	-0.56	0.88
Common Stock	0.74	0.71	0.07	0.81	0.81	0.69	0.9	0.69	0.95	0.91	0.57	0.69	0.47	0.57	0.81	0.76	0.69	0.89	0.59	-0.92	0.71	0.76	0.82		-0.69	0.91
Other Liab	-0.52	-0.48	0.08	-0.53	-0.68	-0.43	-0.66	-0.43	-0.73	-0.63	-0.82	-0.43	-0.65	-0.82	-0.67	-0.65	-0.47	-0.88	-0.4	0.72	-0.48	-0.81	-0.56	-0.69		-0.68
Net Tangible Assets	0.76	0.72	-0.13	0.83	0.9	0.69	0.92	0.68	0.92	0.84	0.76	0.69	0.51	0.76	0.92	0.72	0.69	0.92	0.72	-0.89	0.72	0.9	0.88	0.91	-0.68

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Okeanis Eco Account Relationship Matchups

Okeanis Eco fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	1.3B	954.6M	1.2B	1.1B	1.2B
Short Long Term Debt Total	732.7M	834.5M	577.0M	739.0M	693.3M	718.0M
Other Current Liab	17.5M	2.6M	3.3M	6.0M	4.1M	5.0M
Total Current Liabilities	85.4M	102.1M	61.5M	92.9M	105.6M	88.3M
Total Stockholder Equity	341.7M	397.2M	358.3M	422.2M	408.1M	411.4M
Property Plant And Equipment Net	1.1B	1.2B	883.5M	1.0B	988.2M	1.1B
Current Deferred Revenue	4.9M	6.5M	2.9M	10.2M	11.7M	12.3M
Net Debt	719.3M	811.1M	538.8M	657.7M	643.3M	676.9M
Retained Earnings	8.4M	66.0M	61.8M	146.4M	291.6M	306.2M
Accounts Payable	14.0M	17.7M	16.0M	11.8M	23.5M	16.5M
Cash	13.4M	23.3M	38.2M	81.3M	50.0M	41.1M
Non Current Assets Total	1.1B	1.2B	892.0M	1.0B	991.2M	1.1B
Non Currrent Assets Other	751.5K	6.4M	8.6M	4.5M	3.0M	4.4M
Cash And Short Term Investments	13.4M	23.3M	38.2M	81.3M	50.0M	41.1M
Net Receivables	20.2M	14.6M	7.4M	49.6M	57.5M	29.0M
Common Stock Shares Outstanding	32.3M	32.5M	32.4M	32.2M	32.2M	33.5M
Liabilities And Stockholders Equity	1.1B	1.3B	954.6M	1.2B	1.1B	1.2B
Non Current Liabilities Total	683.7M	760.4M	534.8M	668.3M	615.4M	656.4M
Inventory	6.6M	5.8M	12.6M	17.0M	25.4M	12.8M
Other Current Assets	2.3M	10.2M	4.3M	6.2M	5.2M	5.3M
Other Stockholder Equity	333.3M	331.3M	296.4M	275.8M	116.5M	223.0M
Total Liab	769.1M	862.5M	596.3M	761.1M	721.0M	744.7M
Total Current Assets	42.4M	53.9M	62.6M	154.4M	137.9M	88.3M
Short Term Debt	49.0M	75.3M	42.2M	66.5M	77.9M	61.1M

Pair Trading with Okeanis Eco

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Okeanis Eco position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Okeanis Eco will appreciate offsetting losses from the drop in the long position's value.

Moving together with Okeanis Stock

0.75	OP	Oceanpal	Pair Corr
0.88	SB	Safe Bulkers	Pair Corr

Moving against Okeanis Stock

0.88	HTCO	Caravelle International Symbol Change	Pair Corr
0.79	SB-PD	Safe Bulkers	Pair Corr
0.72	SB-PC	Safe Bulkers	Pair Corr
0.6	ZIM	ZIM Integrated Shipping	Pair Corr
0.56	ICON	Icon Energy Corp	Pair Corr

The ability to find closely correlated positions to Okeanis Eco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Okeanis Eco when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Okeanis Eco - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Okeanis Eco Tankers to buy it.

The correlation of Okeanis Eco is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Okeanis Eco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Okeanis Eco Tankers moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Okeanis Eco can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Okeanis Eco Tankers offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Okeanis Eco's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Okeanis Eco Tankers Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Okeanis Eco Tankers Stock:

How To Invest In Okeanis

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Is Okeanis Stock a good investment?

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What is Okeanis Eco's Net Worth?

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Largest Marine Transportation Companies

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Largest Marine Shipping Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Okeanis Eco Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

Is Marine Transportation space 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 Okeanis Eco. If investors know Okeanis 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 Okeanis Eco 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

(0.25)

Earnings Share

3.63

Revenue Per Share

12.416

Quarterly Revenue Growth

(0.05)

Return On Assets

0.095

The market value of Okeanis Eco Tankers is measured differently than its book value, which is the value of Okeanis that is recorded on the company's balance sheet. Investors also form their own opinion of Okeanis Eco's value that differs from its market value or its book value, called intrinsic value, which is Okeanis Eco'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 Okeanis Eco's market value can be influenced by many factors that don't directly affect Okeanis Eco'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 Okeanis Eco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Okeanis Eco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okeanis Eco'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.

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Okeanis Current Deferred Revenue vs Net Working Capital Analysis

Current Deferred Revenue vs Net Working Capital

Current Deferred Revenue vs Net Working Capital Correlation Analysis

Correlation Coefficient

Current Deferred Revenue

Net Working Capital

Okeanis Eco fundamental ratios Correlations

Okeanis Eco Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Okeanis Eco fundamental ratios Accounts

Pair Trading with Okeanis Eco

Moving together with Okeanis Stock

Moving against Okeanis Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total

Common Stock	- 0.92	Other Stockholder Equity
Net Tangible Assets	- 0.89	Other Stockholder Equity
Other Stockholder Equity	- 0.89	Retained Earnings
Other Liab	- 0.88	Inventory
Other Stockholder Equity	- 0.88	Inventory
Other Stockholder Equity	- 0.82	Net Receivables