Omega Intangible Assets vs Capital Stock Analysis

OFLX Stock  USD 46.70  1.14  2.38%   
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 Intangible Assets and its Capital Stock 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 closely tied 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.

Intangible Assets vs Capital Stock

Intangible Assets vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Omega Flex Intangible Assets account and Capital Stock. At this time, the significance of the direction appears to have totally related.
The correlation between Omega Flex's Intangible Assets and Capital Stock is 1.0. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Capital Stock 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 Intangible Assets and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Omega Flex are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Intangible Assets i.e., Omega Flex's Intangible Assets and Capital Stock go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
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 closely tied 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 Profit81.5M78.3M68.4M51.3M
Total Revenue130.0M125.5M111.5M85.2M

Omega Flex fundamental ratios Correlations

0.98-0.38-0.18-0.480.830.720.780.640.830.60.84-0.140.790.9-0.140.550.670.30.740.14-0.870.80.860.170.54
0.98-0.31-0.21-0.410.70.640.650.550.850.50.82-0.180.770.85-0.180.490.710.370.770.02-0.830.830.850.170.49
-0.38-0.310.310.97-0.52-0.23-0.39-0.45-0.26-0.48-0.40.23-0.25-0.560.23-0.95-0.080.48-0.12-0.150.46-0.17-0.410.66-0.95
-0.18-0.210.310.36-0.07-0.04-0.06-0.01-0.630.04-0.571.0-0.23-0.161.0-0.37-0.24-0.34-0.240.490.49-0.29-0.520.12-0.4
-0.48-0.410.970.36-0.56-0.3-0.43-0.42-0.38-0.46-0.510.28-0.35-0.650.28-0.99-0.120.39-0.18-0.020.56-0.31-0.50.67-0.99
0.830.7-0.52-0.07-0.560.770.980.740.580.760.72-0.010.670.81-0.010.580.420.060.520.42-0.760.550.690.150.57
0.720.64-0.23-0.04-0.30.770.810.450.560.490.73-0.020.410.51-0.020.30.120.170.230.38-0.760.320.710.240.3
0.780.65-0.39-0.06-0.430.980.810.690.550.720.72-0.020.580.71-0.020.440.350.080.430.46-0.750.460.690.260.44
0.640.55-0.45-0.01-0.420.740.450.690.440.660.530.030.410.60.030.430.57-0.160.50.57-0.570.40.540.210.43
0.830.85-0.26-0.63-0.380.580.560.550.440.380.93-0.620.680.65-0.620.420.670.520.7-0.19-0.890.760.930.210.44
0.60.5-0.480.04-0.460.760.490.720.660.380.460.080.420.590.080.450.31-0.050.370.45-0.490.320.490.130.45
0.840.82-0.4-0.57-0.510.720.730.720.530.930.46-0.540.580.68-0.540.540.460.330.510.0-0.990.610.970.090.55
-0.14-0.180.231.00.28-0.01-0.02-0.020.03-0.620.08-0.54-0.21-0.11.0-0.29-0.23-0.38-0.230.510.46-0.26-0.490.06-0.32
0.790.77-0.25-0.23-0.350.670.410.580.410.680.420.58-0.210.88-0.210.440.750.540.91-0.18-0.550.950.520.230.44
0.90.85-0.56-0.16-0.650.810.510.710.60.650.590.68-0.10.88-0.10.730.640.170.760.02-0.70.840.64-0.050.72
-0.14-0.180.231.00.28-0.01-0.02-0.020.03-0.620.08-0.541.0-0.21-0.1-0.29-0.23-0.38-0.230.510.46-0.26-0.490.06-0.32
0.550.49-0.95-0.37-0.990.580.30.440.430.420.450.54-0.290.440.73-0.290.21-0.320.28-0.02-0.580.40.52-0.631.0
0.670.71-0.08-0.24-0.120.420.120.350.570.670.310.46-0.230.750.64-0.230.210.450.95-0.06-0.430.830.490.420.21
0.30.370.48-0.340.390.060.170.08-0.160.52-0.050.33-0.380.540.17-0.38-0.320.450.58-0.37-0.230.560.280.62-0.31
0.740.77-0.12-0.24-0.180.520.230.430.50.70.370.51-0.230.910.76-0.230.280.950.58-0.13-0.470.940.510.390.28
0.140.02-0.150.49-0.020.420.380.460.57-0.190.450.00.51-0.180.020.51-0.02-0.06-0.37-0.13-0.07-0.290.040.25-0.03
-0.87-0.830.460.490.56-0.76-0.76-0.75-0.57-0.89-0.49-0.990.46-0.55-0.70.46-0.58-0.43-0.23-0.47-0.07-0.58-0.97-0.04-0.59
0.80.83-0.17-0.29-0.310.550.320.460.40.760.320.61-0.260.950.84-0.260.40.830.560.94-0.29-0.580.580.210.4
0.860.85-0.41-0.52-0.50.690.710.690.540.930.490.97-0.490.520.64-0.490.520.490.280.510.04-0.970.580.090.53
0.170.170.660.120.670.150.240.260.210.210.130.090.060.23-0.050.06-0.630.420.620.390.25-0.040.210.09-0.63
0.540.49-0.95-0.4-0.990.570.30.440.430.440.450.55-0.320.440.72-0.321.00.21-0.310.28-0.03-0.590.40.53-0.63
Click cells to compare fundamentals

Omega Flex Account Relationship Matchups

Omega Flex fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets61.0M71.6M88.9M97.7M100.2M59.6M
Total Stockholder Equity37.4M46.1M60.4M71.0M78.7M39.9M
Other Assets1.5M2.1M1.7M6.8M1.00.95
Liabilities And Stockholders Equity61.0M71.6M88.9M97.7M100.2M59.6M
Total Liab23.4M25.2M28.4M26.5M21.4M19.5M
Other Current Liab5.4M17.9M19.1M19.1M14.9M13.7M
Total Current Liabilities20.5M21.9M22.8M22.4M18.1M17.8M
Other Liab2.5M3.1M2.6M1.4M1.6M1.6M
Retained Earnings27.2M35.8M50.1M61.0M68.5M71.9M
Accounts Payable2.4M2.5M3.4M2.3M2.1M2.2M
Cash16.1M23.6M32.9M37.7M46.4M48.7M
Inventory11.1M11.5M15.6M17.8M15.6M9.9M
Other Current Assets2.1M2.1M2.5M2.8M2.9M1.5M
Property Plant Equipment8.9M8.6M8.6M8.4M9.7M7.0M
Property Plant And Equipment Net9.7M9.1M11.9M11.6M11.9M7.8M
Net Debt(15.3M)(23.1M)(29.5M)(34.5M)(43.4M)(41.2M)
Non Current Assets Total14.7M14.2M17.2M21.9M20.0M13.9M
Cash And Short Term Investments16.1M23.6M32.9M37.7M46.4M48.7M
Net Receivables17.0M20.1M20.7M17.5M15.4M15.8M
Non Current Liabilities Total2.9M3.3M5.6M4.1M3.3M3.0M
Property Plant And Equipment Gross9.7M9.1M26.3M26.9M28.3M29.7M
Total Current Assets46.3M57.4M71.7M75.8M80.2M49.9M
Accumulated Other Comprehensive Income(909K)(778K)(827K)(1.1M)(930K)(883.5K)
Short Term Debt369K494K383K894K908K862.6K
Non Currrent Assets Other1.5M1.6M1.7M5.9M4.4M2.3M
Net Tangible Assets33.9M42.6M56.8M67.5M77.6M44.2M
Noncontrolling Interest In Consolidated Entity194K260K189K196K225.4K253.4K
Retained Earnings Total Equity27.2M35.8M50.1M61.0M70.1M36.9M
Deferred Long Term Liab331K121K427K6K5.4K5.1K
Non Current Liabilities Other2.6M3.2M5.2M4.1M603K572.9K
Net Invested Capital37.4M46.1M60.4M71.0M78.7M65.2M
Net Working Capital25.8M35.5M48.9M53.4M62.1M51.3M

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