Optical Free Cash Flow Per Share vs Average Inventory Analysis
| OCC Stock | USD 2.33 0.02 0.85% |
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 Free Cash Flow Per Share and its Average Inventory 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 closely tied 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.
Free Cash Flow Per Share vs Average Inventory
Free Cash Flow Per Share vs Average Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Optical Cable Free Cash Flow Per Share account and Average Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Optical Cable's Free Cash Flow Per Share and Average Inventory is -0.03. Overlapping area represents the amount of variation of Free Cash Flow Per Share that can explain the historical movement of Average Inventory 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 Free Cash Flow Per Share and Average 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 Free Cash Flow Per Share of Optical Cable are associated (or correlated) with its Average Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Inventory has no effect on the direction of Free Cash Flow Per Share i.e., Optical Cable's Free Cash Flow Per Share and Average Inventory go up and down completely randomly.
Correlation Coefficient | -0.03 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.Average Inventory
The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.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 closely tied 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.At present, Optical Cable's Enterprise Value Over EBITDA is projected to drop slightly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 12.31, 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 | 844.9K |
Optical Cable fundamental ratios Correlations
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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 | 1.9M | 1.6M | 2.2M | 531.6K | 611.4K | 580.8K | |
| 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 | 7.9M | 7.1M | 9.4M | |
| 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 | 2.4M | 3.8M | 4.9M | 5.3M | 6.1M | 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 | 10.6M | 11.0M | 9.2M | 10.6M | 11.3M | |
| 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 | 472.5K | 2.8M | 540.2K | 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 | 744.4K | 338.1K | 52.6K | 47.4K | 45.0K | |
| Non Currrent Assets Other | 1.8M | 1.8M | 1.4M | 397.3K | 456.8K | 434.0K | |
| 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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Optical Cable offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Optical Cable'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 Optical Cable Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Optical Cable Stock: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 closely tied 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.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Is Communications Equipment 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 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 (0.75) | Revenue Per Share 8.284 | Quarterly Revenue Growth (0.04) | Return On Assets (0.08) | Return On Equity (0.25) |
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.