Odyssean Long Term Investments vs Accounts Payable Analysis
OIT Stock | 151.00 2.25 1.47% |
Odyssean Investment financial indicator trend analysis is much more than just breaking down Odyssean Investment Trust prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Odyssean Investment Trust is a good investment. Please check the relationship between Odyssean Investment Long Term Investments and its Accounts Payable accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Odyssean Investment Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Long Term Investments vs Accounts Payable
Long Term Investments vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Odyssean Investment Trust Long Term Investments account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Odyssean Investment's Long Term Investments and Accounts Payable is 0.72. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Odyssean Investment Trust, assuming nothing else is changed. The correlation between historical values of Odyssean Investment's Long Term Investments and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Odyssean Investment Trust are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Long Term Investments i.e., Odyssean Investment's Long Term Investments and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Long Term Investments
Long Term Investments is an item on the asset side of Odyssean Investment balance sheet that represents investments Odyssean Investment Trust intends to hold for over a year. Odyssean Investment Trust long term investments may include different instruments such as stocks, bonds, real estate and cash.Accounts Payable
An accounting item on the balance sheet that represents Odyssean Investment obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Odyssean Investment Trust are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Odyssean Investment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Odyssean Investment Trust 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 Odyssean Investment Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. As of November 30, 2024, Selling General Administrative is expected to decline to about 719.3 K. In addition to that, Tax Provision is expected to decline to 7,260
Odyssean Investment fundamental ratios Correlations
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Odyssean Investment Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Odyssean Investment fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 82.3M | 125.1M | 161.0M | 182.9M | 189.2M | 151.4M | |
Other Current Liab | (2.2M) | (2.5M) | (3.1M) | (1.7M) | 1.4M | 1.5M | |
Total Current Liabilities | 2.2M | 2.1M | 3.1M | 1.7M | 3.0M | 2.3M | |
Total Stockholder Equity | 80.1M | 122.6M | 157.8M | 181.2M | 187.6M | 149.3M | |
Net Tangible Assets | 80.1M | 122.6M | 157.8M | 181.2M | 208.4M | 137.9M | |
Net Debt | (9.8M) | (15.7M) | (5.2M) | (1.4M) | (4.9M) | (5.2M) | |
Retained Earnings | 78.8M | 121.2M | 143.6M | 139.5M | 132.8M | 128.3M | |
Accounts Payable | 2.2M | 2.5M | 3.1M | 1.7M | 1.6M | 2.1M | |
Cash | 9.8M | 15.7M | 5.2M | 1.4M | 4.9M | 7.4M | |
Non Current Assets Total | 72.3M | 109.3M | 155.3M | 180.4M | 182.3M | 140.5M | |
Non Currrent Assets Other | (72.3M) | (109.3M) | (155.3M) | (180.4M) | (182.3M) | (191.4M) | |
Cash And Short Term Investments | 9.8M | 15.7M | 5.2M | 1.4M | 4.9M | 7.4M | |
Liabilities And Stockholders Equity | 82.3M | 125.1M | 161.0M | 182.9M | 189.2M | 151.4M | |
Other Current Assets | 187.0K | 143K | 420.0K | 1.1M | 1.9M | 2.0M | |
Other Stockholder Equity | 79.2M | 121.7M | 156.9M | 180.1M | 186.3M | 148.2M | |
Total Liab | 2.2M | 2.1M | 3.1M | 1.7M | 1.6M | 2.0M | |
Long Term Investments | 72.3M | 109.3M | 155.3M | 180.4M | 182.3M | 140.5M | |
Total Current Assets | 10.0M | 15.8M | 5.6M | 2.5M | 6.9M | 7.9M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Odyssean Stock
Balance Sheet is a snapshot of the financial position of Odyssean Investment Trust at a specified time, usually calculated after every quarter, six months, or one year. Odyssean Investment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Odyssean Investment 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 Odyssean currently owns. An asset can also be divided into two categories, current and non-current.