| OPTT Stock | | | USD 0.16 0.01 6.67% |
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 Other Operating Expenses and its Total Operating Expenses 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.
Other Operating Expenses vs Total Operating Expenses
Other Operating Expenses vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ocean Power Technologies Other Operating Expenses account and
Total Operating Expenses. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Ocean Power's Other Operating Expenses and Total Operating Expenses is 0.86. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Total Operating Expenses 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 Other Operating Expenses and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Ocean Power Technologies are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Other Operating Expenses i.e., Ocean Power's Other Operating Expenses and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.86 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Ocean Power Technologies. It is also known as Ocean Power overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
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 |
Ocean Power fundamental ratios Correlations
Click cells to compare fundamentals
Ocean Power Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ocean Power fundamental ratios Accounts
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Additional Tools for Ocean Stock Analysis
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measure Ocean Power'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 Ocean Power is operating at the current time. Most of Ocean Power's value examination focuses on studying past and present price action to
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