Orion Non Currrent Assets Other vs Cash And Short Term Investments Analysis

OESX Stock  USD 0.83  0.03  4.21%   
Orion Energy financial indicator trend analysis is much more than just breaking down Orion Energy Systems prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orion Energy Systems is a good investment. Please check the relationship between Orion Energy Non Currrent Assets Other and its Cash And Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orion Energy Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Non Currrent Assets Other vs Cash And Short Term Investments

Non Currrent Assets Other vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Orion Energy Systems Non Currrent Assets Other account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very week relationship.
The correlation between Orion Energy's Non Currrent Assets Other and Cash And Short Term Investments is 0.28. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Orion Energy Systems, assuming nothing else is changed. The correlation between historical values of Orion Energy's Non Currrent Assets Other and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Orion Energy Systems are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Non Currrent Assets Other i.e., Orion Energy's Non Currrent Assets Other and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.28
Relationship DirectionPositive 
Relationship StrengthVery Weak

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Orion Energy Systems balance sheet. This account contains Orion Energy investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Orion Energy Systems fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Orion Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Orion Energy Systems 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 Orion Energy Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
Tax Provision is likely to rise to about 59.8 K in 2024, whereas Selling General Administrative is likely to drop slightly above 13.7 M in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue124.4M77.4M90.6M80.2M
Interest Expense80K339K847K1.1M

Orion Energy fundamental ratios Correlations

0.180.93-0.480.640.910.530.670.660.240.010.590.370.920.170.40.690.750.290.14-0.440.710.660.510.5-0.65
0.18-0.080.320.15-0.010.08-0.40.160.290.870.320.680.330.090.470.170.21-0.330.530.660.380.160.090.33-0.31
0.93-0.08-0.560.580.970.670.760.6-0.03-0.30.40.020.74-0.070.070.60.830.57-0.19-0.620.550.450.620.42-0.46
-0.480.32-0.56-0.88-0.41-0.2-0.53-0.87-0.160.22-0.38-0.08-0.46-0.16-0.14-0.26-0.28-0.3-0.030.650.04-0.19-0.160.10.34
0.640.150.58-0.880.460.240.361.00.320.190.580.420.70.220.390.360.410.130.29-0.340.170.340.210.06-0.54
0.91-0.010.97-0.410.460.770.790.49-0.09-0.240.270.050.68-0.10.10.580.850.6-0.17-0.510.610.420.570.44-0.38
0.530.080.67-0.20.240.770.590.28-0.47-0.14-0.22-0.170.22-0.38-0.180.180.790.82-0.38-0.160.31-0.010.420.280.06
0.67-0.40.76-0.530.360.790.590.380.04-0.40.11-0.020.450.120.140.580.440.54-0.12-0.680.380.450.30.32-0.2
0.660.160.6-0.871.00.490.280.380.30.190.570.410.710.190.380.370.440.160.28-0.350.190.340.230.08-0.54
0.240.29-0.03-0.160.32-0.09-0.470.040.30.460.780.790.530.780.780.5-0.3-0.760.74-0.120.260.62-0.140.3-0.74
0.010.87-0.30.220.19-0.24-0.14-0.40.190.460.240.790.250.320.60.16-0.15-0.50.70.740.210.25-0.220.25-0.2
0.590.320.4-0.380.580.27-0.220.110.570.780.240.630.80.560.60.530.19-0.450.46-0.350.420.630.240.36-0.93
0.370.680.02-0.080.420.05-0.17-0.020.410.790.790.630.620.680.950.41-0.04-0.570.910.240.530.6-0.160.28-0.62
0.920.330.74-0.460.70.680.220.450.710.530.250.80.620.410.620.680.52-0.060.42-0.310.680.790.360.47-0.81
0.170.09-0.07-0.160.22-0.1-0.380.120.190.780.320.560.680.410.780.22-0.42-0.580.59-0.130.320.67-0.420.24-0.51
0.40.470.07-0.140.390.1-0.180.140.380.780.60.60.950.620.780.39-0.09-0.520.910.060.580.66-0.210.19-0.6
0.690.170.6-0.260.360.580.180.580.370.50.160.530.410.680.220.390.340.010.26-0.310.560.720.470.75-0.49
0.750.210.83-0.280.410.850.790.440.44-0.3-0.150.19-0.040.52-0.42-0.090.340.64-0.24-0.280.510.10.650.27-0.3
0.29-0.330.57-0.30.130.60.820.540.16-0.76-0.5-0.45-0.57-0.06-0.58-0.520.010.64-0.65-0.30.04-0.210.430.030.41
0.140.53-0.19-0.030.29-0.17-0.38-0.120.280.740.70.460.910.420.590.910.26-0.24-0.650.270.370.43-0.27-0.02-0.44
-0.440.66-0.620.65-0.34-0.51-0.16-0.68-0.35-0.120.74-0.350.24-0.31-0.130.06-0.31-0.28-0.30.27-0.11-0.2-0.3-0.030.38
0.710.380.550.040.170.610.310.380.190.260.210.420.530.680.320.580.560.510.040.37-0.110.630.140.54-0.5
0.660.160.45-0.190.340.42-0.010.450.340.620.250.630.60.790.670.660.720.1-0.210.43-0.20.630.150.63-0.55
0.510.090.62-0.160.210.570.420.30.23-0.14-0.220.24-0.160.36-0.42-0.210.470.650.43-0.27-0.30.140.150.29-0.18
0.50.330.420.10.060.440.280.320.080.30.250.360.280.470.240.190.750.270.03-0.02-0.030.540.630.29-0.32
-0.65-0.31-0.460.34-0.54-0.380.06-0.2-0.54-0.74-0.2-0.93-0.62-0.81-0.51-0.6-0.49-0.30.41-0.440.38-0.5-0.55-0.18-0.32
Click cells to compare fundamentals

Orion Energy Account Relationship Matchups

Orion Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets72.6M92.8M86.8M71.6M63.2M81.9M
Short Long Term Debt Total10.1M49K35K10.0M12.1M6.9M
Total Stockholder Equity31.0M58.1M65.1M33.2M22.5M39.9M
Net Debt(18.7M)(19.3M)(14.4M)(6.0M)7.0M7.3M
Cash28.8M19.4M14.5M16.0M5.2M4.9M
Non Current Assets Total17.6M36.3M35.6M21.2M18.3M28.5M
Non Currrent Assets Other3.6M3.2M3.5M3.3M1.0M986.1K
Other Assets817K20.4M21.3M586K1.00.95
Cash And Short Term Investments28.8M19.4M14.5M16.0M5.2M4.9M
Common Stock Shares Outstanding31.0M31.3M31.3M31.7M32.5M25.3M
Liabilities And Stockholders Equity72.6M92.8M86.8M71.6M63.2M81.9M
Non Current Liabilities Total14.3M4.4M3.3M13.9M12.6M8.5M
Other Stockholder Equity120.3M121.2M122.2M124.7M125.6M103.6M
Total Liab41.5M34.7M21.7M38.3M40.6M27.1M
Total Current Assets55.0M56.5M51.2M50.4M44.8M53.5M
Other Current Liab7.2M11.3M7.5M10.3M8.2M6.0M
Total Current Liabilities27.2M30.4M18.4M24.5M28.1M20.6M
Other Liab1.4M1.7M3.3M2.0M2.4M1.6M
Property Plant And Equipment Net11.8M11.4M11.5M10.5M11.4M13.8M
Retained Earnings(89.3M)(63.2M)(57.1M)(91.4M)(103.1M)(97.9M)
Accounts Payable19.8M17.0M9.9M13.4M18.4M12.8M
Long Term Debt10.0M35K19K10.0M10M10.5M
Net Receivables11.0M16.5M14.3M15.0M18.6M16.3M
Inventory14.5M19.6M19.8M18.2M18.2M17.9M
Other Current Assets723K1.1M2.6M1.1M2.9M2.1M
Property Plant And Equipment Gross14.6M11.4M37.4M37.4M35.5M23.5M
Short Term Debt35K661K784K840K993K842.5K
Intangible Assets2.2M2.0M2.4M6.0M4.5M3.1M
Property Plant Equipment11.8M11.4M11.5M10.5M9.4M15.5M
Common Stock(36.1M)(36.2M)0.0(36.2M)(32.6M)(34.2M)
Current Deferred Revenue107K87K76K480K260K247K
Net Tangible Assets28.8M56.1M62.3M25.8M23.2M37.8M
Retained Earnings Total Equity(101.8M)(89.3M)(63.2M)(91.4M)(82.3M)(86.4M)
Long Term Debt Total4.0M9.3M10.0M10M11.5M6.7M
Capital Surpluse155.8M156.5M157.5M160.9M185.0M162.8M

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