Omega Return On Assets from 2010 to 2024

OFLX Stock  USD 48.74  0.63  1.28%   
Omega Flex Return On Assets yearly trend continues to be fairly stable with very little volatility. Return On Assets will likely drop to 0.16 in 2024. Return On Assets is a profitability ratio that indicates the percentage of profit Omega Flex earns in relation to its overall resources. It is calculated by dividing net income by total assets. View All Fundamentals
 
Return On Assets  
First Reported
2010-12-31
Previous Quarter
0.20714528
Current Value
0.16
Quarterly Volatility
0.05186497
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Omega Flex financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Omega Flex's main balance sheet or income statement drivers, such as Interest Expense of 103.2 K, Total Revenue of 85.2 M or Gross Profit of 51.2 M, as well as many indicators such as Price To Sales Ratio of 3.84, Dividend Yield of 0.034 or PTB Ratio of 8.52. Omega financial statements analysis is a perfect complement when working with Omega Flex Valuation or Volatility modules.
  
Check out the analysis of Omega Flex Correlation against competitors.
For more information on how to buy Omega Stock please use our How to Invest in Omega Flex guide.

Latest Omega Flex's Return On Assets Growth Pattern

Below is the plot of the Return On Assets of Omega Flex over the last few years. It is a profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets. Omega Flex's Return On Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Omega Flex's overall financial position and show how it may be relating to other accounts over time.
Return On Assets10 Years Trend
Slightly volatile
   Return On Assets   
       Timeline  

Omega Return On Assets Regression Statistics

Arithmetic Mean0.22
Geometric Mean0.21
Coefficient Of Variation23.56
Mean Deviation0.04
Median0.23
Standard Deviation0.05
Sample Variance0
Range0.1867
R-Value0.39
Mean Square Error0
R-Squared0.15
Significance0.15
Slope0
Total Sum of Squares0.04

Omega Return On Assets History

2024 0.16
2021 0.29
2019 0.28
2018 0.23
2016 0.2
2014 0.24
2013 0.25

About Omega Flex Financial Statements

Omega Flex investors use historical fundamental indicators, such as Omega Flex's Return On Assets, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Omega Flex. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Return On Assets 0.21  0.16 

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Additional Tools for Omega Stock Analysis

When running Omega Flex's price analysis, check to measure Omega Flex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Omega Flex is operating at the current time. Most of Omega Flex's value examination focuses on studying past and present price action to predict the probability of Omega Flex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Omega Flex's price. Additionally, you may evaluate how the addition of Omega Flex to your portfolios can decrease your overall portfolio volatility.