Olympic Total Cash From Operating Activities vs Total Current Assets Analysis

603920 Stock   29.12  0.14  0.48%   
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 Total Cash From Operating Activities and its Total Current Assets 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.

Total Cash From Operating Activities vs Total Current Assets

Total Cash From Operating Activities vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Olympic Circuit Tech Total Cash From Operating Activities account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Olympic Circuit's Total Cash From Operating Activities and Total Current Assets is 0.64. Overlapping area represents the amount of variation of Total Cash From Operating Activities that can explain the historical movement of Total Current Assets 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 Total Cash From Operating Activities and Total Current 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 Total Cash From Operating Activities of Olympic Circuit Technology are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Cash From Operating Activities i.e., Olympic Circuit's Total Cash From Operating Activities and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.64
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Cash From Operating Activities

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
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 December 25, 2024, 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
 2021 2022 2023 2024 (projected)
Gross Profit580.3M834.6M963.7M697.4M
Total Revenue3.8B4.4B4.5B3.2B

Olympic Circuit fundamental ratios Correlations

0.20.960.940.90.920.920.950.960.97-0.040.520.860.990.860.950.380.780.950.740.98-0.890.970.990.930.91
0.20.350.19-0.010.230.270.030.30.11-0.060.06-0.010.15-0.070.30.85-0.10.190.450.25-0.270.20.130.060.04
0.960.350.850.90.830.880.920.960.95-0.210.350.880.970.860.960.440.80.970.790.94-0.80.950.930.930.91
0.940.190.850.771.00.970.810.930.850.150.670.760.880.680.810.480.580.780.730.96-0.990.90.920.840.73
0.9-0.010.90.770.720.770.920.850.92-0.230.30.930.930.980.90.080.960.930.630.85-0.70.890.880.980.97
0.920.230.831.00.720.960.780.920.820.180.690.720.850.630.790.530.530.750.730.95-0.990.880.90.80.69
0.920.270.880.970.770.960.80.960.84-0.010.540.810.880.670.80.560.570.780.810.94-0.960.920.880.860.71
0.950.030.920.810.920.780.80.910.95-0.170.370.850.980.910.920.140.870.970.570.9-0.720.930.960.910.95
0.960.30.960.930.850.920.960.910.9-0.090.470.830.950.770.890.480.70.890.760.97-0.90.950.950.90.83
0.970.110.950.850.920.820.840.950.9-0.220.350.90.990.90.940.30.820.970.680.9-0.790.970.950.930.94
-0.04-0.06-0.210.15-0.230.18-0.01-0.17-0.09-0.220.81-0.26-0.16-0.23-0.1-0.04-0.28-0.220.020.09-0.16-0.20.01-0.24-0.22
0.520.060.350.670.30.690.540.370.470.350.810.260.410.260.440.220.170.320.420.62-0.660.40.540.310.3
0.86-0.010.880.760.930.720.810.850.830.9-0.260.260.880.880.820.180.820.870.790.81-0.70.870.820.940.88
0.990.150.970.880.930.850.880.980.950.99-0.160.410.880.90.960.30.840.980.680.95-0.820.980.980.940.95
0.86-0.070.860.680.980.630.670.910.770.9-0.230.260.880.90.9-0.030.990.920.530.8-0.610.840.840.940.99
0.950.30.960.810.90.790.80.920.890.94-0.10.440.820.960.90.350.840.980.70.92-0.760.920.930.890.95
0.380.850.440.480.080.530.560.140.480.3-0.040.220.180.3-0.030.35-0.130.250.610.42-0.570.420.290.220.08
0.78-0.10.80.580.960.530.570.870.70.82-0.280.170.820.840.990.84-0.130.880.430.72-0.50.760.780.890.96
0.950.190.970.780.930.750.780.970.890.97-0.220.320.870.980.920.980.250.880.670.89-0.710.930.940.910.97
0.740.450.790.730.630.730.810.570.760.680.020.420.790.680.530.70.610.430.670.75-0.730.70.670.690.58
0.980.250.940.960.850.950.940.90.970.90.090.620.810.950.80.920.420.720.890.75-0.930.930.970.890.85
-0.89-0.27-0.8-0.99-0.7-0.99-0.96-0.72-0.9-0.79-0.16-0.66-0.7-0.82-0.61-0.76-0.57-0.5-0.71-0.73-0.93-0.87-0.85-0.8-0.66
0.970.20.950.90.890.880.920.930.950.97-0.20.40.870.980.840.920.420.760.930.70.93-0.870.940.930.89
0.990.130.930.920.880.90.880.960.950.950.010.540.820.980.840.930.290.780.940.670.97-0.850.940.90.9
0.930.060.930.840.980.80.860.910.90.93-0.240.310.940.940.940.890.220.890.910.690.89-0.80.930.90.94
0.910.040.910.730.970.690.710.950.830.94-0.220.30.880.950.990.950.080.960.970.580.85-0.660.890.90.94
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Olympic Circuit Account Relationship Matchups

Olympic Circuit fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.5B3.8B6.0B5.9B6.3B4.5B
Other Current Liab179.7M151.3M378.0M25.7K29.5K28.0K
Total Current Liabilities837.9M1.1B1.8B1.3B1.6B1.1B
Total Stockholder Equity2.6B2.7B2.8B3.0B3.3B2.8B
Other Liab6.8M25.0M51.1M173.4M199.4M209.4M
Net Tangible Assets2.4B2.5B2.7B2.7B3.1B2.5B
Retained Earnings815.5M914.6M878.7M790.4M931.6M834.4M
Accounts Payable521.1M457.8M941.1M1.0B1.3B715.0M
Cash1.2B1.2B1.8B1.2B1.9B1.3B
Non Current Assets Total1.1B1.5B2.3B2.8B2.5B1.7B
Non Currrent Assets Other3.1M2.7M3.5M849K764.1K725.9K
Other Assets19.0M23.7M20.1M26.9M24.2M21.3M
Long Term Debt11.0M4.8M912.0M1.0B1.1B1.1B
Net Receivables715.9M727.8M1.2B1.2B1.3B899.9M
Non Current Liabilities Total29.8M51.1M1.1B1.3B1.2B1.3B
Inventory232.3M218.0M553.5M461.4M421.9M336.4M
Other Current Assets92.9M107.0M110.3M34.8M13.6M12.9M
Other Stockholder Equity4.5M8.3M(7.4M)102.7M118.1M124.1M
Total Liab867.6M1.1B2.9B2.6B2.8B1.7B
Total Current Assets2.3B2.3B3.7B3.1B3.8B2.8B
Intangible Assets41.2M40.1M54.1M58.2M56.7M42.5M
Common Stock409.3M409.7M409.5M532.2M612.1M453.8M
Property Plant Equipment961.4M1.1B1.4B2.1B2.5B2.6B
Common Stock Shares Outstanding409.7M409.5M532.2M532.2M537.6M507.9M
Net Invested Capital2.6B3.0B4.1B4.2B4.3B3.6B
Net Working Capital1.5B1.3B1.9B1.7B2.3B1.9B
Capital Stock409.7M409.5M532.2M532.2M537.6M518.9M

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.