| OESX Stock | | | USD 0.82 0.02 2.38% |
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 Total Revenue and its Net Income 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.
Total Revenue vs Net Income
Total Revenue vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Orion Energy Systems Total Revenue account and
Net Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Orion Energy's Total Revenue and Net Income is 0.48. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Net Income 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 Total Revenue and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Orion Energy Systems are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Total Revenue i.e., Orion Energy's Total Revenue and Net Income go up and down completely randomly.
Correlation Coefficient | 0.48 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Total Revenue
Total revenue comprises all receipts Orion Energy Systems generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Orion Energy Systems financial statement analysis. It represents the amount of money remaining after all of Orion Energy Systems operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
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 Revenue | 124.4M | 77.4M | 90.6M | 80.2M | Interest Expense | 80K | 339K | 847K | 1.1M |
Orion Energy fundamental ratios Correlations
Click cells to compare fundamentals
Orion Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Orion Energy fundamental ratios Accounts
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Additional Tools for Orion Stock Analysis
When running Orion Energy's price analysis, check to
measure Orion Energy'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 Orion Energy is operating at the current time. Most of Orion Energy's value examination focuses on studying past and present price action to
predict the probability of Orion Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orion Energy's price. Additionally, you may evaluate how the addition of Orion Energy to your portfolios can decrease your overall portfolio volatility.