Orsus Other Assets vs Net Tangible Assets Analysis

ORSX Stock

USD 0.0001 0.00 0.00%

Orsus Xelent financial indicator trend analysis is much more than just breaking down Orsus Xelent Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orsus Xelent Technologies is a good investment. Please check the relationship between Orsus Xelent Other Assets and its Net Tangible Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orsus Xelent 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 state.

Other Assets vs Net Tangible Assets

Other Assets vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Orsus Xelent Technologies Other Assets account and Net Tangible Assets. At this time, the significance of the direction appears to have no relationship.

The correlation between Orsus Xelent's Other Assets and Net Tangible Assets is 0.08. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Orsus Xelent Technologies, assuming nothing else is changed. The correlation between historical values of Orsus Xelent's Other Assets and Net Tangible Assets 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 Assets of Orsus Xelent Technologies are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Other Assets i.e., Orsus Xelent's Other Assets and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.08

Relationship Direction	Positive
Relationship Strength	Insignificant

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Other Assets

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Orsus Xelent's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Orsus Xelent 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 Orsus Xelent 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 state.

Selling General Administrative is likely to drop to about 385.6 K in 2024. Sales General And Administrative To Revenue is likely to drop to 0.01 in 2024

	2010	2011	2023	2024 (projected)
Gross Profit	6.3M	1.8M	1.6M	1.6M
Total Revenue	28.7M	24.4M	28.1M	26.7M

Gross Profit Total Revenue

Orsus Xelent fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Inventory	Other Current Assets	Total Liab	Common Stock	Property Plant Equipment	Net Tangible Assets	Long Term Debt	Net Receivables	Short Term Investments	Other Stockholder Equity	Short Long Term Debt	Total Current Assets	Short Term Debt	Other Liab	Other Assets
Total Assets		0.97	0.86	-0.96	-0.95	0.96	-0.97	-0.97	-0.01	0.86	0.51	-0.95	-0.96	-0.25	0.35	0.77	0.97	0.98	0.47	0.98	0.9	-0.25
Other Current Liab	0.97		0.73	-0.93	-0.91	0.97	-0.94	-0.94	-0.22	0.73	0.55	-0.88	-0.93	-0.43	0.53	0.77	0.89	0.99	0.62	0.99	0.78	-0.43
Total Current Liabilities	0.86	0.73		-0.88	-0.89	0.73	-0.87	-0.87	0.48	1.0	0.24	-0.94	-0.87	0.25	-0.14	0.54	0.96	0.78	-0.01	0.78	1.0	0.25
Total Stockholder Equity	-0.96	-0.93	-0.88		1.0	-0.85	1.0	1.0	-0.14	-0.88	-0.25	0.99	1.0	0.06	-0.17	-0.56	-0.94	-0.96	-0.28	-0.96	-0.91	0.06
Retained Earnings	-0.95	-0.91	-0.89	1.0		-0.82	1.0	1.0	-0.19	-0.89	-0.21	0.99	1.0	0.01	-0.12	-0.53	-0.94	-0.95	-0.23	-0.95	-0.92	0.01
Accounts Payable	0.96	0.97	0.73	-0.85	-0.82		-0.87	-0.87	-0.25	0.73	0.72	-0.83	-0.86	-0.49	0.58	0.91	0.89	0.95	0.68	0.95	0.77	-0.49
Cash	-0.97	-0.94	-0.87	1.0	1.0	-0.87		1.0	-0.1	-0.87	-0.29	0.98	1.0	0.1	-0.21	-0.59	-0.94	-0.97	-0.32	-0.97	-0.9	0.1
Inventory	-0.97	-0.94	-0.87	1.0	1.0	-0.87	1.0		-0.1	-0.87	-0.29	0.98	1.0	0.1	-0.21	-0.59	-0.94	-0.97	-0.32	-0.97	-0.9	0.1
Other Current Assets	-0.01	-0.22	0.48	-0.14	-0.19	-0.25	-0.1	-0.1		0.48	-0.57	-0.26	-0.12	0.96	-0.93	-0.37	0.21	-0.12	-0.87	-0.12	0.42	0.96
Total Liab	0.86	0.73	1.0	-0.88	-0.89	0.73	-0.87	-0.87	0.48		0.24	-0.94	-0.87	0.25	-0.14	0.54	0.96	0.78	-0.01	0.78	1.0	0.25
Common Stock	0.51	0.55	0.24	-0.25	-0.21	0.72	-0.29	-0.29	-0.57	0.24		-0.24	-0.27	-0.75	0.77	0.94	0.44	0.47	0.83	0.47	0.28	-0.75
Property Plant Equipment	-0.95	-0.88	-0.94	0.99	0.99	-0.83	0.98	0.98	-0.26	-0.94	-0.24		0.99	-0.05	-0.07	-0.56	-0.97	-0.93	-0.19	-0.93	-0.96	-0.05
Net Tangible Assets	-0.96	-0.93	-0.87	1.0	1.0	-0.86	1.0	1.0	-0.12	-0.87	-0.27	0.99		0.08	-0.19	-0.58	-0.94	-0.97	-0.3	-0.97	-0.9	0.08
Long Term Debt	-0.25	-0.43	0.25	0.06	0.01	-0.49	0.1	0.1	0.96	0.25	-0.75	-0.05	0.08		-0.99	-0.61	-0.04	-0.33	-0.97	-0.33	0.18	1.0
Net Receivables	0.35	0.53	-0.14	-0.17	-0.12	0.58	-0.21	-0.21	-0.93	-0.14	0.77	-0.07	-0.19	-0.99		0.66	0.15	0.43	0.99	0.43	-0.07	-0.99
Short Term Investments	0.77	0.77	0.54	-0.56	-0.53	0.91	-0.59	-0.59	-0.37	0.54	0.94	-0.56	-0.58	-0.61	0.66		0.72	0.72	0.76	0.72	0.58	-0.61
Other Stockholder Equity	0.97	0.89	0.96	-0.94	-0.94	0.89	-0.94	-0.94	0.21	0.96	0.44	-0.97	-0.94	-0.04	0.15	0.72		0.92	0.28	0.92	0.98	-0.04
Short Long Term Debt	0.98	0.99	0.78	-0.96	-0.95	0.95	-0.97	-0.97	-0.12	0.78	0.47	-0.93	-0.97	-0.33	0.43	0.72	0.92		0.53	1.0	0.83	-0.33
Total Current Assets	0.47	0.62	-0.01	-0.28	-0.23	0.68	-0.32	-0.32	-0.87	-0.01	0.83	-0.19	-0.3	-0.97	0.99	0.76	0.28	0.53		0.53	0.06	-0.97
Short Term Debt	0.98	0.99	0.78	-0.96	-0.95	0.95	-0.97	-0.97	-0.12	0.78	0.47	-0.93	-0.97	-0.33	0.43	0.72	0.92	1.0	0.53		0.83	-0.33
Other Liab	0.9	0.78	1.0	-0.91	-0.92	0.77	-0.9	-0.9	0.42	1.0	0.28	-0.96	-0.9	0.18	-0.07	0.58	0.98	0.83	0.06	0.83		0.18
Other Assets	-0.25	-0.43	0.25	0.06	0.01	-0.49	0.1	0.1	0.96	0.25	-0.75	-0.05	0.08	1.0	-0.99	-0.61	-0.04	-0.33	-0.97	-0.33	0.18

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Orsus Xelent Account Relationship Matchups

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Orsus Other Assets vs Net Tangible Assets Analysis

Other Assets vs Net Tangible Assets

Other Assets vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Other Assets

Net Tangible Assets

Orsus Xelent fundamental ratios Correlations

Orsus Xelent Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Orsus Stock Analysis

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Total Liab	+ 1.0	Total Current Liabilities
Other Liab	+ 1.0	Total Current Liabilities
Retained Earnings	+ 1.0	Total Stockholder Equity
Cash	+ 1.0	Total Stockholder Equity
Inventory	+ 1.0	Total Stockholder Equity
Net Tangible Assets	+ 1.0	Total Stockholder Equity

Other Assets	- 0.99	Net Receivables
Net Receivables	- 0.99	Long Term Debt
Other Assets	- 0.97	Total Current Assets
Total Current Assets	- 0.97	Long Term Debt
Short Term Debt	- 0.97	Net Tangible Assets
Short Long Term Debt	- 0.97	Net Tangible Assets