Olympic Net Tangible Assets vs Common Stock Shares Outstanding Analysis

603920 Stock   28.50  0.87  2.96%   
Olympic Circuit financial indicator trend analysis is much more than just breaking down Olympic Circuit Tech prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Olympic Circuit Tech is a good investment. Please check the relationship between Olympic Circuit Net Tangible Assets and its Common Stock Shares Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Olympic Circuit Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Net Tangible Assets vs Common Stock Shares Outstanding

Net Tangible Assets vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Olympic Circuit Tech Net Tangible Assets account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong relationship.
Net Tangible AssetsCommon Stock Shares OutstandingDiversified AwayNet Tangible AssetsCommon Stock Shares OutstandingDiversified Away100%
The correlation between Olympic Circuit's Net Tangible Assets and Common Stock Shares Outstanding is 0.71. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Olympic Circuit Technology, assuming nothing else is changed. The correlation between historical values of Olympic Circuit's Net Tangible Assets and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Olympic Circuit Technology are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Net Tangible Assets i.e., Olympic Circuit's Net Tangible Assets and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.71
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Olympic Circuit's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Olympic Circuit Tech 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Olympic Circuit Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
As of January 3, 2025, Tax Provision is expected to decline to about 50.6 M. In addition to that, Selling General Administrative is expected to decline to about 133.3 M
 2022 2023 2024 2025 (projected)
Gross Profit834.6M963.7M1.1B697.4M
Total Revenue4.4B4.5B5.2B3.2B

Olympic Circuit fundamental ratios Correlations

0.040.970.950.910.910.940.880.970.98-0.080.510.870.990.870.960.230.820.960.680.99-0.870.980.990.930.93
0.040.180.06-0.090.160.11-0.220.11-0.02-0.030.02-0.13-0.01-0.180.160.86-0.170.030.420.09-0.190.050.04-0.02-0.13
0.970.180.880.920.840.910.860.970.96-0.230.370.880.970.870.970.30.830.980.740.95-0.80.960.960.930.93
0.950.060.880.810.990.970.810.940.880.090.650.790.90.740.850.340.650.830.690.97-0.970.920.950.870.79
0.91-0.090.920.810.740.810.970.870.93-0.250.330.950.930.990.920.020.960.930.620.87-0.730.910.890.980.95
0.910.160.840.990.740.960.730.90.830.150.70.740.840.660.810.460.560.760.730.94-0.990.880.910.820.71
0.940.110.910.970.810.960.810.970.88-0.060.530.840.910.730.840.40.650.830.750.95-0.940.940.920.880.79
0.88-0.220.860.810.970.730.810.860.87-0.210.340.920.90.970.85-0.090.940.870.510.86-0.720.870.870.960.93
0.970.110.970.940.870.90.970.860.92-0.130.460.840.960.80.910.30.750.920.690.98-0.870.960.960.90.88
0.98-0.020.960.880.930.830.880.870.92-0.240.370.90.990.90.950.170.850.980.640.93-0.790.980.960.940.94
-0.08-0.03-0.230.09-0.250.15-0.06-0.21-0.13-0.240.79-0.27-0.19-0.25-0.13-0.02-0.3-0.240.010.03-0.13-0.22-0.03-0.26-0.23
0.510.020.370.650.330.70.530.340.460.370.790.290.420.290.450.190.210.340.420.6-0.670.410.550.340.31
0.87-0.130.880.790.950.740.840.920.840.9-0.270.290.880.910.840.070.860.870.740.83-0.720.880.840.960.87
0.99-0.010.970.90.930.840.910.90.960.99-0.190.420.880.90.960.150.860.980.620.96-0.80.980.980.940.96
0.87-0.180.870.740.990.660.730.970.80.9-0.250.290.910.90.9-0.110.990.910.510.83-0.640.850.860.950.95
0.960.160.970.850.920.810.840.850.910.95-0.130.450.840.960.90.240.870.980.670.93-0.780.940.960.910.93
0.230.860.30.340.020.460.4-0.090.30.17-0.020.190.070.15-0.110.24-0.170.120.590.27-0.50.280.220.15-0.05
0.82-0.170.830.650.960.560.650.940.750.85-0.30.210.860.860.990.87-0.170.890.430.77-0.540.80.80.90.94
0.960.030.980.830.930.760.830.870.920.98-0.240.340.870.980.910.980.120.890.620.92-0.710.950.950.920.97
0.680.420.740.690.620.730.750.510.690.640.010.420.740.620.510.670.590.430.620.69-0.730.660.650.680.51
0.990.090.950.970.870.940.950.860.980.930.030.60.830.960.830.930.270.770.920.69-0.90.950.990.90.89
-0.87-0.19-0.8-0.97-0.73-0.99-0.94-0.72-0.87-0.79-0.13-0.67-0.72-0.8-0.64-0.78-0.5-0.54-0.71-0.73-0.9-0.86-0.86-0.81-0.65
0.980.050.960.920.910.880.940.870.960.98-0.220.410.880.980.850.940.280.80.950.660.95-0.860.960.940.9
0.990.040.960.950.890.910.920.870.960.96-0.030.550.840.980.860.960.220.80.950.650.99-0.860.960.910.93
0.93-0.020.930.870.980.820.880.960.90.94-0.260.340.960.940.950.910.150.90.920.680.9-0.810.940.910.92
0.93-0.130.930.790.950.710.790.930.880.94-0.230.310.870.960.950.93-0.050.940.970.510.89-0.650.90.930.92
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Olympic Circuit Account Relationship Matchups

Olympic Circuit fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets3.8B6.0B5.9B6.3B7.3B4.5B
Other Current Liab179.7M151.3M378.0M25.7K29.5K28.0K
Total Current Liabilities1.1B1.8B1.3B1.6B1.8B1.1B
Total Stockholder Equity2.7B2.8B3.0B3.3B3.8B2.8B
Other Liab6.8M25.0M51.1M173.4M199.4M209.4M
Net Tangible Assets2.4B2.5B2.7B2.7B3.1B2.5B
Retained Earnings914.6M878.7M790.4M931.6M1.1B834.4M
Accounts Payable457.8M941.1M1.0B1.3B1.5B1.6B
Cash1.2B1.8B1.2B1.9B2.2B1.3B
Non Current Assets Total1.5B2.3B2.8B2.5B2.9B1.7B
Non Currrent Assets Other3.1M2.7M3.5M849K764.1K725.9K
Other Assets19.0M23.7M20.1M26.9M24.2M21.3M
Net Receivables727.8M1.2B1.2B1.3B1.5B899.9M
Non Current Liabilities Total51.1M1.1B1.3B1.2B1.4B1.5B
Inventory218.0M553.5M461.4M421.9M485.2M336.4M
Other Current Assets107.0M110.3M34.8M13.6M15.6M14.8M
Other Stockholder Equity4.5M8.3M(7.4M)102.7M118.1M124.1M
Total Liab1.1B2.9B2.6B2.8B3.2B1.7B
Total Current Assets2.3B3.7B3.1B3.8B4.4B2.8B
Intangible Assets40.1M54.1M58.2M56.7M65.2M42.5M
Common Stock409.3M409.7M409.5M532.2M612.1M453.8M
Property Plant Equipment961.4M1.1B1.4B2.1B2.5B2.6B
Common Stock Shares Outstanding409.5M532.2M532.2M537.6M618.2M507.9M
Net Invested Capital3.0B4.1B4.2B4.3B5.0B3.6B
Net Working Capital1.3B1.9B1.7B2.3B2.6B1.9B
Capital Stock409.5M532.2M532.2M537.6M618.2M518.9M
Property Plant And Equipment Net1.4B2.1B2.6B2.4B2.8B2.1B
Property Plant And Equipment Gross2.2B3.4B4.1B4.2B4.8B3.5B

Currently Active Assets on Macroaxis

Other Information on Investing in Olympic Stock

Balance Sheet is a snapshot of the financial position of Olympic Circuit Tech at a specified time, usually calculated after every quarter, six months, or one year. Olympic Circuit Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Olympic Circuit and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Olympic currently owns. An asset can also be divided into two categories, current and non-current.