Omega Operating Income vs Minority Interest Analysis

OFLX Stock

USD 37.92 0.55 1.43%

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 Operating Income and its Minority Interest 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.

Operating Income vs Minority Interest

Operating Income vs Minority Interest Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Omega Flex Operating Income account and Minority Interest. At this time, the significance of the direction appears to have very week relationship.

The correlation between Omega Flex's Operating Income and Minority Interest is 0.29. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Minority Interest 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 Operating Income and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Omega Flex are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Operating Income i.e., Omega Flex's Operating Income and Minority Interest go up and down completely randomly.

Correlation Coefficient

0.29

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Omega Flex operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Omega Flex is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Omega Flex whose combined shares represent less than 50% of the total outstanding shares issued by Omega Flex have a minority interest in Omega Flex.

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 2025, whereas Selling General Administrative is likely to drop slightly above 17 M in 2025.

	2022	2023	2024	2025 (projected)
Gross Profit	78.3M	68.4M	78.6M	51.3M
Total Revenue	125.5M	111.5M	128.2M	85.2M

Gross Profit Total Revenue

Omega Flex fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Other Current Liab	Total Current Liabilities	Other Liab	Retained Earnings	Accounts Payable	Cash	Good Will	Inventory	Other Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity
Total Assets		0.82	-0.41	-0.19	-0.45	0.8	0.71	0.75	0.52	0.81	0.56	0.83	-0.15	0.84	0.78	-0.15	0.54	0.71	0.37	0.8	-0.05	-0.88	0.85	0.84	0.2	0.53
Total Stockholder Equity	0.82		-0.38	-0.66	-0.45	0.58	0.55	0.55	0.36	1.0	0.37	0.95	-0.64	0.72	0.92	-0.64	0.5	0.66	0.5	0.72	-0.33	-0.86	0.78	0.95	0.15	0.51
Other Assets	-0.41	-0.38		0.29	0.96	-0.53	-0.25	-0.4	-0.43	-0.3	-0.49	-0.43	0.21	-0.29	-0.58	0.21	-0.95	-0.11	0.43	-0.18	-0.08	0.47	-0.23	-0.43	0.64	-0.95
Common Stock Shares Outstanding	-0.19	-0.66	0.29		0.36	-0.11	-0.09	-0.11	-0.02	-0.65	-0.02	-0.6	1.0	-0.23	-0.66	1.0	-0.36	-0.21	-0.28	-0.24	0.43	0.37	-0.27	-0.56	0.05	-0.4
Other Stockholder Equity	-0.45	-0.45	0.96	0.36		-0.58	-0.32	-0.45	-0.42	-0.37	-0.49	-0.49	0.28	-0.34	-0.65	0.28	-0.99	-0.12	0.38	-0.2	-0.01	0.53	-0.3	-0.49	0.64	-0.99
Total Liab	0.8	0.58	-0.53	-0.11	-0.58		0.78	0.98	0.72	0.55	0.76	0.69	-0.06	0.67	0.68	-0.06	0.61	0.46	0.1	0.53	0.33	-0.78	0.55	0.67	0.17	0.61
Other Current Liab	0.71	0.55	-0.25	-0.09	-0.32	0.78		0.81	0.44	0.54	0.49	0.7	-0.06	0.45	0.46	-0.06	0.34	0.17	0.21	0.29	0.29	-0.79	0.36	0.69	0.25	0.34
Total Current Liabilities	0.75	0.55	-0.4	-0.11	-0.45	0.98	0.81		0.68	0.53	0.72	0.68	-0.07	0.57	0.6	-0.07	0.48	0.39	0.11	0.44	0.38	-0.77	0.46	0.66	0.27	0.48
Other Liab	0.52	0.36	-0.43	-0.02	-0.42	0.72	0.44	0.68		0.34	0.66	0.43	0.02	0.32	0.42	0.02	0.43	0.53	-0.18	0.39	0.56	-0.53	0.3	0.45	0.21	0.42
Retained Earnings	0.81	1.0	-0.3	-0.65	-0.37	0.55	0.54	0.53	0.34		0.34	0.94	-0.63	0.71	0.89	-0.63	0.42	0.67	0.56	0.73	-0.34	-0.85	0.78	0.95	0.22	0.44
Accounts Payable	0.56	0.37	-0.49	-0.02	-0.49	0.76	0.49	0.72	0.66	0.34		0.42	0.02	0.4	0.45	0.02	0.5	0.34	-0.03	0.35	0.41	-0.5	0.3	0.45	0.13	0.49
Cash	0.83	0.95	-0.43	-0.6	-0.49	0.69	0.7	0.68	0.43	0.94	0.42		-0.57	0.64	0.87	-0.57	0.53	0.5	0.4	0.59	-0.17	-0.96	0.67	0.98	0.12	0.54
Good Will	-0.15	-0.64	0.21	1.0	0.28	-0.06	-0.06	-0.07	0.02	-0.63	0.02	-0.57		-0.2	-0.62	1.0	-0.28	-0.21	-0.32	-0.22	0.45	0.33	-0.25	-0.54	-0.01	-0.32
Inventory	0.84	0.72	-0.29	-0.23	-0.34	0.67	0.45	0.57	0.32	0.71	0.4	0.64	-0.2		0.8	-0.2	0.45	0.77	0.58	0.93	-0.31	-0.6	0.96	0.58	0.25	0.44
Other Current Assets	0.78	0.92	-0.58	-0.66	-0.65	0.68	0.46	0.6	0.42	0.89	0.45	0.87	-0.62	0.8		-0.62	0.69	0.62	0.37	0.73	-0.32	-0.79	0.79	0.83	-0.02	0.71
Intangible Assets	-0.15	-0.64	0.21	1.0	0.28	-0.06	-0.06	-0.07	0.02	-0.63	0.02	-0.57	1.0	-0.2	-0.62		-0.28	-0.21	-0.32	-0.22	0.45	0.33	-0.25	-0.54	-0.01	-0.32
Common Stock	0.54	0.5	-0.95	-0.36	-0.99	0.61	0.34	0.48	0.43	0.42	0.5	0.53	-0.28	0.45	0.69	-0.28		0.21	-0.32	0.31	-0.03	-0.55	0.41	0.52	-0.57	1.0
Property Plant Equipment	0.71	0.66	-0.11	-0.21	-0.12	0.46	0.17	0.39	0.53	0.67	0.34	0.5	-0.21	0.77	0.62	-0.21	0.21		0.47	0.94	-0.13	-0.45	0.83	0.52	0.46	0.21
Short Long Term Debt Total	0.37	0.5	0.43	-0.28	0.38	0.1	0.21	0.11	-0.18	0.56	-0.03	0.4	-0.32	0.58	0.37	-0.32	-0.32	0.47		0.61	-0.42	-0.26	0.58	0.35	0.63	-0.31
Property Plant And Equipment Net	0.8	0.72	-0.18	-0.24	-0.2	0.53	0.29	0.44	0.39	0.73	0.35	0.59	-0.22	0.93	0.73	-0.22	0.31	0.94	0.61		-0.27	-0.53	0.95	0.57	0.38	0.3
Current Deferred Revenue	-0.05	-0.33	-0.08	0.43	-0.01	0.33	0.29	0.38	0.56	-0.34	0.41	-0.17	0.45	-0.31	-0.32	0.45	-0.03	-0.13	-0.42	-0.27		0.0	-0.41	-0.12	0.2	-0.04
Net Debt	-0.88	-0.86	0.47	0.37	0.53	-0.78	-0.79	-0.77	-0.53	-0.85	-0.5	-0.96	0.33	-0.6	-0.79	0.33	-0.55	-0.45	-0.26	-0.53	0.0		-0.62	-0.95	-0.07	-0.56
Non Current Assets Total	0.85	0.78	-0.23	-0.27	-0.3	0.55	0.36	0.46	0.3	0.78	0.3	0.67	-0.25	0.96	0.79	-0.25	0.41	0.83	0.58	0.95	-0.41	-0.62		0.64	0.23	0.4
Cash And Short Term Investments	0.84	0.95	-0.43	-0.56	-0.49	0.67	0.69	0.66	0.45	0.95	0.45	0.98	-0.54	0.58	0.83	-0.54	0.52	0.52	0.35	0.57	-0.12	-0.95	0.64		0.11	0.53
Net Receivables	0.2	0.15	0.64	0.05	0.64	0.17	0.25	0.27	0.21	0.22	0.13	0.12	-0.01	0.25	-0.02	-0.01	-0.57	0.46	0.63	0.38	0.2	-0.07	0.23	0.11		-0.57
Common Stock Total Equity	0.53	0.51	-0.95	-0.4	-0.99	0.61	0.34	0.48	0.42	0.44	0.49	0.54	-0.32	0.44	0.71	-0.32	1.0	0.21	-0.31	0.3	-0.04	-0.56	0.4	0.53	-0.57

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Omega Flex Account Relationship Matchups

Omega Flex fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	71.6M	88.9M	97.7M	100.2M	115.3M	59.6M
Total Stockholder Equity	46.1M	60.4M	71.0M	78.7M	90.5M	95.0M
Other Assets	2.1M	1.7M	6.8M	1.0	0.9	0.86
Liabilities And Stockholders Equity	71.6M	88.9M	97.7M	100.2M	115.3M	59.6M
Total Liab	25.2M	28.4M	26.5M	21.4M	24.6M	19.5M
Other Current Liab	17.9M	19.1M	19.1M	15.3M	17.7M	13.7M
Total Current Liabilities	21.9M	22.8M	22.4M	18.1M	20.8M	17.8M
Other Liab	2.5M	3.1M	2.6M	1.4M	1.6M	1.6M
Retained Earnings	35.8M	50.1M	61.0M	68.5M	78.8M	82.7M
Accounts Payable	2.5M	3.4M	2.3M	2.1M	2.4M	2.2M
Cash	23.6M	32.9M	37.7M	46.4M	53.3M	56.0M
Inventory	11.5M	15.6M	17.8M	15.6M	17.9M	9.9M
Other Current Assets	2.1M	2.5M	2.8M	2.9M	3.3M	3.5M
Property Plant Equipment	8.9M	8.6M	8.6M	8.4M	9.7M	7.0M
Short Long Term Debt Total	499K	3.4M	3.2M	2.9M	2.7M	2.6M
Property Plant And Equipment Net	9.1M	11.9M	11.6M	11.9M	13.7M	7.8M
Net Debt	(23.1M)	(29.5M)	(34.5M)	(43.4M)	(39.1M)	(37.1M)
Non Current Assets Total	14.2M	17.2M	21.9M	20.0M	23.1M	13.9M
Cash And Short Term Investments	23.6M	32.9M	37.7M	46.4M	53.3M	56.0M
Net Receivables	20.1M	20.7M	17.5M	15.4M	17.7M	15.8M
Non Current Liabilities Total	3.3M	5.6M	4.1M	3.3M	3.8M	3.0M
Property Plant And Equipment Gross	9.1M	26.3M	26.9M	28.3M	32.6M	34.2M
Total Current Assets	57.4M	71.7M	75.8M	80.2M	92.2M	49.9M
Accumulated Other Comprehensive Income	(778K)	(827K)	(1.1M)	(930K)	(837K)	(795.2K)
Short Term Debt	494K	383K	894K	454K	408.6K	388.2K
Non Currrent Assets Other	1.6M	1.7M	5.9M	4.4M	5.1M	5.4M
Net Tangible Assets	33.9M	42.6M	56.8M	67.5M	77.6M	44.2M
Noncontrolling Interest In Consolidated Entity	194K	260K	189K	196K	225.4K	253.4K
Retained Earnings Total Equity	27.2M	35.8M	50.1M	61.0M	70.1M	36.9M
Deferred Long Term Liab	331K	121K	427K	6K	5.4K	5.1K
Non Current Liabilities Other	3.2M	5.2M	4.1M	603K	693.5K	658.8K
Net Invested Capital	46.1M	60.4M	71.0M	78.7M	90.5M	65.2M
Net Working Capital	35.5M	48.9M	53.4M	62.1M	71.4M	51.3M
Capital Lease Obligations	499K	3.4M	3.2M	2.9M	3.4M	2.4M

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Omega Operating Income vs Minority Interest Analysis

Operating Income vs Minority Interest

Operating Income vs Minority Interest Correlation Analysis

Correlation Coefficient

Operating Income

Minority Interest

Omega Flex fundamental ratios Correlations

Omega Flex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Omega Flex fundamental ratios Accounts

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Additional Tools for Omega Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Good Will	+ 1.0	Common Stock Shares Outstanding
Intangible Assets	+ 1.0	Common Stock Shares Outstanding
Intangible Assets	+ 1.0	Good Will
Common Stock Total Equity	+ 1.0	Common Stock
Total Current Liabilities	+ 0.98	Total Liab

Common Stock Total Equity	- 0.99	Other Stockholder Equity
Common Stock	- 0.99	Other Stockholder Equity
Net Debt	- 0.96	Cash
Cash And Short Term Investments	- 0.95	Net Debt
Common Stock Total Equity	- 0.95	Other Assets
Common Stock	- 0.95	Other Assets