Ocean Free Cash Flow Per Share vs Capex To Revenue Analysis

OPTT Stock

USD 0.18 0.02 12.50%

Ocean Power financial indicator trend analysis is much more than just breaking down Ocean Power Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ocean Power Technologies is a good investment. Please check the relationship between Ocean Power Free Cash Flow Per Share and its Capex To Revenue accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocean Power Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Free Cash Flow Per Share vs Capex To Revenue

Free Cash Flow Per Share vs Capex To Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ocean Power Technologies Free Cash Flow Per Share account and Capex To Revenue. At this time, the significance of the direction appears to have weak relationship.

The correlation between Ocean Power's Free Cash Flow Per Share and Capex To Revenue is 0.31. Overlapping area represents the amount of variation of Free Cash Flow Per Share that can explain the historical movement of Capex To Revenue in the same time period over historical financial statements of Ocean Power Technologies, assuming nothing else is changed. The correlation between historical values of Ocean Power's Free Cash Flow Per Share and Capex To Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Per Share of Ocean Power Technologies are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Free Cash Flow Per Share i.e., Ocean Power's Free Cash Flow Per Share and Capex To Revenue go up and down completely randomly.

Correlation Coefficient

0.31

Relationship Direction	Positive
Relationship Strength	Very Weak

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Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Capex To Revenue

The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.

Most indicators from Ocean Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ocean Power Technologies 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 Ocean Power Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, Ocean Power's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 12.92 in 2024, whereas Tax Provision is likely to drop (1.3 M) in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	21.5M	28.3M	32.2M	33.8M
Cost Of Revenue	1.9M	2.5M	2.7M	2.6M

Total Operating Expenses Cost Of Revenue

Ocean Power fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Retained Earnings	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Current Deferred Revenue	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Total Assets		0.45	1.0	-0.6	-0.46	-0.24	0.59	0.53	0.68	0.36	0.25	0.23	0.22	-0.1	0.14	0.57	0.43	0.05	0.79	-0.13	0.69	0.42	0.31	0.17	0.82	-0.07
Short Long Term Debt Total	0.45		0.44	-0.19	-0.76	-0.42	0.81	0.78	0.6	0.31	-0.05	0.18	0.87	-0.23	0.74	0.2	0.73	-0.37	0.07	-0.18	0.8	-0.15	0.82	0.84	0.12	0.34
Total Stockholder Equity	1.0	0.44		-0.62	-0.44	-0.24	0.57	0.5	0.65	0.26	0.17	0.13	0.19	-0.13	0.11	0.59	0.39	0.02	0.81	-0.16	0.67	0.43	0.3	0.14	0.83	-0.04
Net Debt	-0.6	-0.19	-0.62		0.1	0.21	0.03	0.03	-0.33	0.04	-0.04	0.08	0.18	0.14	0.24	-0.98	0.3	0.06	-0.7	0.26	-0.15	0.24	0.06	0.2	-0.69	-0.09
Retained Earnings	-0.46	-0.76	-0.44	0.1		0.84	-0.79	-0.72	-0.89	-0.4	-0.12	-0.24	-0.71	0.04	-0.55	-0.01	-0.71	0.4	0.1	0.26	-0.78	0.16	-0.65	-0.68	0.06	0.15
Other Assets	-0.24	-0.42	-0.24	0.21	0.84		-0.42	-0.31	-0.76	-0.06	0.04	0.07	-0.33	-0.01	-0.18	-0.09	-0.29	0.54	0.18	0.31	-0.42	0.38	-0.28	-0.31	0.18	0.24
Common Stock Shares Outstanding	0.59	0.81	0.57	0.03	-0.79	-0.42		0.88	0.69	0.44	0.07	0.29	0.84	-0.13	0.76	-0.02	0.95	-0.39	0.16	-0.01	0.96	0.27	0.78	0.8	0.22	0.08
Non Current Liabilities Total	0.53	0.78	0.5	0.03	-0.72	-0.31	0.88		0.59	0.52	0.25	0.35	0.83	-0.25	0.74	-0.03	0.87	-0.14	0.07	0.03	0.88	0.15	0.67	0.8	0.14	-0.08
Other Stockholder Equity	0.68	0.6	0.65	-0.33	-0.89	-0.76	0.69	0.59		0.41	0.14	0.22	0.44	-0.03	0.26	0.24	0.55	-0.29	0.25	-0.28	0.71	0.05	0.42	0.39	0.27	-0.16
Total Liab	0.36	0.31	0.26	0.04	-0.4	-0.06	0.44	0.52	0.41		0.8	0.97	0.43	0.21	0.39	-0.08	0.51	0.34	-0.02	0.16	0.46	0.08	0.35	0.41	0.06	-0.34
Other Current Liab	0.25	-0.05	0.17	-0.04	-0.12	0.04	0.07	0.25	0.14	0.8		0.82	0.07	-0.04	0.02	-0.02	0.14	0.51	0.0	0.28	0.15	0.03	-0.03	0.06	0.05	-0.53
Total Current Liabilities	0.23	0.18	0.13	0.08	-0.24	0.07	0.29	0.35	0.22	0.97	0.82		0.33	0.29	0.34	-0.12	0.39	0.39	-0.08	0.21	0.32	0.04	0.29	0.32	0.0	-0.31
Property Plant And Equipment Net	0.22	0.87	0.19	0.18	-0.71	-0.33	0.84	0.83	0.44	0.43	0.07	0.33		-0.15	0.94	-0.17	0.88	-0.3	-0.24	-0.02	0.81	-0.14	0.91	0.99	-0.17	0.11
Current Deferred Revenue	-0.1	-0.23	-0.13	0.14	0.04	-0.01	-0.13	-0.25	-0.03	0.21	-0.04	0.29	-0.15		-0.1	-0.18	-0.07	0.2	-0.15	-0.18	-0.18	0.01	-0.03	-0.15	-0.16	-0.32
Accounts Payable	0.14	0.74	0.11	0.24	-0.55	-0.18	0.76	0.74	0.26	0.39	0.02	0.34	0.94	-0.1		-0.21	0.83	-0.26	-0.26	0.05	0.74	-0.11	0.9	0.96	-0.18	0.15
Cash	0.57	0.2	0.59	-0.98	-0.01	-0.09	-0.02	-0.03	0.24	-0.08	-0.02	-0.12	-0.17	-0.18	-0.21		-0.3	-0.11	0.74	-0.21	0.15	-0.19	-0.05	-0.19	0.73	0.2
Non Current Assets Total	0.43	0.73	0.39	0.3	-0.71	-0.29	0.95	0.87	0.55	0.51	0.14	0.39	0.88	-0.07	0.83	-0.3		-0.21	-0.05	0.04	0.88	0.3	0.8	0.85	0.02	0.01
Non Currrent Assets Other	0.05	-0.37	0.02	0.06	0.4	0.54	-0.39	-0.14	-0.29	0.34	0.51	0.39	-0.3	0.2	-0.26	-0.11	-0.21		0.05	0.06	-0.32	0.21	-0.25	-0.29	0.06	-0.4
Cash And Short Term Investments	0.79	0.07	0.81	-0.7	0.1	0.18	0.16	0.07	0.25	-0.02	0.0	-0.08	-0.24	-0.15	-0.26	0.74	-0.05	0.05		-0.03	0.26	0.51	-0.1	-0.29	0.99	0.2
Net Receivables	-0.13	-0.18	-0.16	0.26	0.26	0.31	-0.01	0.03	-0.28	0.16	0.28	0.21	-0.02	-0.18	0.05	-0.21	0.04	0.06	-0.03		-0.12	0.22	-0.13	-0.02	-0.02	-0.06
Common Stock Total Equity	0.69	0.8	0.67	-0.15	-0.78	-0.42	0.96	0.88	0.71	0.46	0.15	0.32	0.81	-0.18	0.74	0.15	0.88	-0.32	0.26	-0.12		0.19	0.78	0.78	0.32	0.01
Short Term Investments	0.42	-0.15	0.43	0.24	0.16	0.38	0.27	0.15	0.05	0.08	0.03	0.04	-0.14	0.01	-0.11	-0.19	0.3	0.21	0.51	0.22	0.19		-0.09	-0.18	0.51	0.03
Other Current Assets	0.31	0.82	0.3	0.06	-0.65	-0.28	0.78	0.67	0.42	0.35	-0.03	0.29	0.91	-0.03	0.9	-0.05	0.8	-0.25	-0.1	-0.13	0.78	-0.09		0.92	-0.03	0.15
Property Plant And Equipment Gross	0.17	0.84	0.14	0.2	-0.68	-0.31	0.8	0.8	0.39	0.41	0.06	0.32	0.99	-0.15	0.96	-0.19	0.85	-0.29	-0.29	-0.02	0.78	-0.18	0.92		-0.22	0.11
Total Current Assets	0.82	0.12	0.83	-0.69	0.06	0.18	0.22	0.14	0.27	0.06	0.05	0.0	-0.17	-0.16	-0.18	0.73	0.02	0.06	0.99	-0.02	0.32	0.51	-0.03	-0.22		0.2
Short Term Debt	-0.07	0.34	-0.04	-0.09	0.15	0.24	0.08	-0.08	-0.16	-0.34	-0.53	-0.31	0.11	-0.32	0.15	0.2	0.01	-0.4	0.2	-0.06	0.01	0.03	0.15	0.11	0.2

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Ocean Power Account Relationship Matchups

Ocean Power fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.5M	86.4M	73.4M	53.4M	28.7M	36.0M
Total Stockholder Equity	10.5M	80.5M	68.8M	44.0M	19.3M	31.5M
Net Debt	(8.6M)	(81.0M)	(7.0M)	(5.0M)	(579K)	(608.0K)
Retained Earnings	(220.1M)	(234.9M)	(253.8M)	(280.1M)	(307.6M)	(292.2M)
Other Assets	155K	221K	222K	219K	197.1K	187.2K
Common Stock Shares Outstanding	7.2M	30.0M	54.0M	56.0M	59.0M	62.0M
Liabilities And Stockholders Equity	13.5M	86.4M	73.4M	53.4M	28.7M	36.0M
Non Current Liabilities Total	1.1M	1.2M	1.6M	1.5M	2.0M	2.1M
Other Stockholder Equity	230.8M	315.5M	322.6M	324.0M	326.9M	199.4M
Total Liab	3.0M	5.9M	4.6M	9.4M	9.4M	6.2M
Other Current Liab	1.3M	3.2M	1.6M	5.0M	2.9M	3.2M
Total Current Liabilities	1.9M	4.7M	3.0M	7.9M	7.4M	5.5M
Property Plant And Equipment Net	1.7M	1.4M	1.2M	3.0M	5.8M	6.1M
Current Deferred Revenue	188K	100K	129K	1.4M	302K	286.9K
Accounts Payable	220K	687K	905K	952K	3.4M	3.5M
Cash	10.0M	83.0M	7.9M	6.9M	3.2M	3.0M
Non Current Assets Total	1.9M	1.9M	14.1M	15.7M	18.2M	19.1M
Non Currrent Assets Other	154K	155K	221K	222K	219K	146.3K
Cash And Short Term Investments	10.0M	83.0M	57.3M	34.7M	3.2M	3.0M
Net Receivables	356K	540K	868K	897K	814K	823.7K
Common Stock Total Equity	5K	13K	52K	56K	64.4K	67.6K
Short Term Investments	63K	60K	68K	49.4M	27.8M	0.0
Other Current Assets	588K	871K	725K	830K	1.7M	1.8M
Property Plant And Equipment Gross	1.7M	1.4M	1.2M	3.0M	7.8M	8.2M
Total Current Assets	11.7M	84.4M	59.3M	37.7M	10.5M	10.0M
Short Term Debt	329K	842K	319K	529K	774K	574.0K
Common Stock	5K	13K	52K	56K	61K	64.1K
Property Plant Equipment	499K	1.4M	1.2M	1.3M	1.5M	738.9K
Treasury Stock	(301K)	(302K)	(338K)	(355K)	(319.5K)	(303.5K)
Net Tangible Assets	10.5M	80.2M	56.2M	31.4M	36.2M	27.9M
Retained Earnings Total Equity	(209.8M)	(220.1M)	(234.9M)	(280.1M)	(252.1M)	(264.7M)
Capital Surpluse	226.0M	231.1M	315.8M	324.4M	373.1M	235.9M
Inventory	707K	384K	442K	1.0M	4.8M	5.1M

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