Oceanpal Income Before Tax vs Total Revenue Analysis

OP Stock

USD 1.11 0.00 0.00%

Oceanpal financial indicator trend analysis is much more than just breaking down Oceanpal prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Oceanpal is a good investment. Please check the relationship between Oceanpal Income Before Tax and its Total Revenue accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oceanpal. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

To learn how to invest in Oceanpal Stock, please use our How to Invest in Oceanpal guide.

Income Before Tax vs Total Revenue

Income Before Tax vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Oceanpal Income Before Tax account and Total Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Oceanpal's Income Before Tax and Total Revenue is -0.2. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Oceanpal, assuming nothing else is changed. The correlation between historical values of Oceanpal's Income Before Tax and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Oceanpal are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Income Before Tax i.e., Oceanpal's Income Before Tax and Total Revenue go up and down completely randomly.

Correlation Coefficient

-0.2

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Oceanpal income statement and is an important metric when analyzing Oceanpal profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Total Revenue

Total revenue comprises all receipts Oceanpal generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Most indicators from Oceanpal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Oceanpal 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 Oceanpal. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

To learn how to invest in Oceanpal Stock, please use our How to Invest in Oceanpal guide.As of 02/17/2025, Selling General Administrative is likely to grow to about 7.9 M, while Issuance Of Capital Stock is likely to drop slightly above 12.5 M.

	2022	2023	2024	2025 (projected)
Total Operating Expenses	8.9M	13.3M	15.2M	16.0M
Cost Of Revenue	10.6M	13.4M	15.4M	9.0M

Total Operating Expenses Cost Of Revenue

Oceanpal fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.85	0.9	1.0	0.72	0.99	0.98	-0.94	0.85	0.97	0.91	0.99	0.89	-0.16	0.91	0.92	0.82	-0.45	0.95	-0.38	0.9	0.9	0.77	1.0	0.99	0.76
Other Current Liab	0.85		0.99	0.84	0.64	0.84	0.91	-0.82	0.61	0.71	0.79	0.85	0.87	0.32	0.79	0.88	0.7	-0.53	0.87	0.01	0.7	0.99	0.8	0.84	0.89	0.63
Total Current Liabilities	0.9	0.99		0.9	0.66	0.9	0.95	-0.87	0.71	0.77	0.84	0.91	0.89	0.19	0.84	0.95	0.71	-0.44	0.94	-0.14	0.78	1.0	0.82	0.9	0.91	0.67
Total Stockholder Equity	1.0	0.84	0.9		0.72	0.99	0.98	-0.94	0.85	0.97	0.91	0.99	0.89	-0.17	0.91	0.92	0.82	-0.45	0.95	-0.39	0.9	0.9	0.77	1.0	0.99	0.76
Net Tangible Assets	0.72	0.64	0.66	0.72		0.72	0.73	-0.72	0.59	0.73	0.81	0.72	0.81	-0.06	0.81	0.59	0.83	-0.62	0.67	-0.25	0.69	0.66	0.65	0.72	0.76	0.75
Property Plant And Equipment Net	0.99	0.84	0.9	0.99	0.72		0.99	-0.93	0.9	0.95	0.9	1.0	0.89	-0.1	0.9	0.94	0.79	-0.4	0.95	-0.46	0.94	0.9	0.85	0.99	0.97	0.69
Current Deferred Revenue	0.98	0.91	0.95	0.98	0.73	0.99		-0.94	0.87	0.92	0.91	0.99	0.92	-0.01	0.91	0.96	0.8	-0.44	0.97	-0.37	0.92	0.95	0.87	0.98	0.98	0.72
Net Debt	-0.94	-0.82	-0.87	-0.94	-0.72	-0.93	-0.94		-0.85	-0.91	-0.99	-0.94	-0.97	0.18	-0.99	-0.87	-0.92	0.57	-0.91	0.37	-0.92	-0.87	-0.79	-0.94	-0.94	-0.87
Retained Earnings	0.85	0.61	0.71	0.85	0.59	0.9	0.87	-0.85		0.83	0.83	0.9	0.79	-0.22	0.83	0.84	0.69	-0.19	0.84	-0.76	0.98	0.71	0.87	0.85	0.79	0.55
Accounts Payable	0.97	0.71	0.77	0.97	0.73	0.95	0.92	-0.91	0.83		0.88	0.95	0.83	-0.3	0.88	0.81	0.83	-0.47	0.86	-0.44	0.88	0.77	0.7	0.97	0.96	0.75
Cash	0.91	0.79	0.84	0.91	0.81	0.9	0.91	-0.99	0.83	0.88		0.9	0.98	-0.17	1.0	0.83	0.96	-0.62	0.87	-0.37	0.91	0.84	0.79	0.91	0.91	0.9
Non Current Assets Total	0.99	0.85	0.91	0.99	0.72	1.0	0.99	-0.94	0.9	0.95	0.9		0.89	-0.1	0.9	0.93	0.8	-0.42	0.95	-0.44	0.93	0.91	0.85	0.99	0.98	0.7
Non Currrent Assets Other	0.89	0.87	0.89	0.89	0.81	0.89	0.92	-0.97	0.79	0.83	0.98	0.89		0.01	0.98	0.83	0.94	-0.67	0.86	-0.26	0.88	0.89	0.84	0.89	0.91	0.85
Other Assets	-0.16	0.32	0.19	-0.17	-0.06	-0.1	-0.01	0.18	-0.22	-0.3	-0.17	-0.1	0.01		-0.17	-0.04	-0.15	-0.23	-0.12	0.54	-0.21	0.19	0.27	-0.17	-0.05	-0.38
Cash And Short Term Investments	0.91	0.79	0.84	0.91	0.81	0.9	0.91	-0.99	0.83	0.88	1.0	0.9	0.98	-0.17		0.83	0.96	-0.62	0.87	-0.37	0.91	0.84	0.79	0.91	0.91	0.9
Net Receivables	0.92	0.88	0.95	0.92	0.59	0.94	0.96	-0.87	0.84	0.81	0.83	0.93	0.83	-0.04	0.83		0.65	-0.21	0.99	-0.41	0.87	0.95	0.81	0.92	0.88	0.65
Common Stock Shares Outstanding	0.82	0.7	0.71	0.82	0.83	0.79	0.8	-0.92	0.69	0.83	0.96	0.8	0.94	-0.15	0.96	0.65		-0.8	0.71	-0.22	0.8	0.71	0.69	0.82	0.85	0.9
Non Current Liabilities Total	-0.45	-0.53	-0.44	-0.45	-0.62	-0.4	-0.44	0.57	-0.19	-0.47	-0.62	-0.42	-0.67	-0.23	-0.62	-0.21	-0.8		-0.27	-0.33	-0.34	-0.44	-0.4	-0.45	-0.56	-0.62
Inventory	0.95	0.87	0.94	0.95	0.67	0.95	0.97	-0.91	0.84	0.86	0.87	0.95	0.86	-0.12	0.87	0.99	0.71	-0.27		-0.41	0.88	0.94	0.78	0.95	0.92	0.73
Other Current Assets	-0.38	0.01	-0.14	-0.39	-0.25	-0.46	-0.37	0.37	-0.76	-0.44	-0.37	-0.44	-0.26	0.54	-0.37	-0.41	-0.22	-0.33	-0.41		-0.66	-0.14	-0.44	-0.39	-0.27	-0.17
Other Stockholder Equity	0.9	0.7	0.78	0.9	0.69	0.94	0.92	-0.92	0.98	0.88	0.91	0.93	0.88	-0.21	0.91	0.87	0.8	-0.34	0.88	-0.66		0.78	0.88	0.9	0.86	0.69
Total Liab	0.9	0.99	1.0	0.9	0.66	0.9	0.95	-0.87	0.71	0.77	0.84	0.91	0.89	0.19	0.84	0.95	0.71	-0.44	0.94	-0.14	0.78		0.82	0.9	0.91	0.67
Deferred Long Term Liab	0.77	0.8	0.82	0.77	0.65	0.85	0.87	-0.79	0.87	0.7	0.79	0.85	0.84	0.27	0.79	0.81	0.69	-0.4	0.78	-0.44	0.88	0.82		0.77	0.79	0.45
Net Invested Capital	1.0	0.84	0.9	1.0	0.72	0.99	0.98	-0.94	0.85	0.97	0.91	0.99	0.89	-0.17	0.91	0.92	0.82	-0.45	0.95	-0.39	0.9	0.9	0.77		0.99	0.76
Property Plant And Equipment Gross	0.99	0.89	0.91	0.99	0.76	0.97	0.98	-0.94	0.79	0.96	0.91	0.98	0.91	-0.05	0.91	0.88	0.85	-0.56	0.92	-0.27	0.86	0.91	0.79	0.99		0.76
Total Current Assets	0.76	0.63	0.67	0.76	0.75	0.69	0.72	-0.87	0.55	0.75	0.9	0.7	0.85	-0.38	0.9	0.65	0.9	-0.62	0.73	-0.17	0.69	0.67	0.45	0.76	0.76

Click cells to compare fundamentals

Oceanpal Account Relationship Matchups

Oceanpal fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	37.2M	49.1M	79.0M	94.8M	109.1M	65.1M
Other Current Liab	1.8M	440K	1.8M	1.9M	2.2M	1.4M
Total Current Liabilities	1.9M	931K	2.5M	2.3M	2.6M	1.9M
Total Stockholder Equity	35.3M	48.1M	76.6M	92.6M	106.4M	63.2M
Property Plant And Equipment Net	32.2M	45.7M	63.7M	71.1M	81.8M	52.4M
Net Debt	(39.6K)	(1.7M)	(8.5M)	(14.8M)	(13.4M)	(12.7M)
Retained Earnings	(109.0M)	65K	(2.3M)	(8.0M)	(9.2M)	(9.7M)
Accounts Payable	133.6K	263K	281K	405K	465.8K	277.9K
Cash	39.6K	1.7M	8.5M	14.8M	17.1M	17.9M
Non Current Assets Total	33.0M	45.9M	64.8M	74.8M	86.0M	53.7M
Non Currrent Assets Other	701.8K	152K	1.2M	2.1M	2.4M	2.5M
Cash And Short Term Investments	39.6K	1.7M	8.5M	14.8M	17.1M	17.9M
Net Receivables	1.0M	881K	4.3M	3.0M	3.4M	2.1M
Liabilities And Stockholders Equity	37.2M	49.1M	79.0M	94.8M	109.1M	65.1M
Inventory	182.0K	186K	334K	287K	330.1K	254.7K
Other Current Assets	3.0M	460K	1.1M	2.0M	1.8M	1.4M
Other Stockholder Equity	(144.3M)	48.1M	78.9M	100.5M	115.6M	121.4M
Total Liab	1.9M	931K	2.5M	2.3M	2.6M	1.9M
Net Invested Capital	35.3M	48.1M	76.6M	92.6M	106.4M	63.2M
Property Plant And Equipment Gross	47.4M	45.7M	63.7M	83.1M	95.6M	61.3M
Total Current Assets	4.2M	3.2M	14.2M	20.0M	23.1M	24.2M
Capital Stock	144.3M	93K	107K	79K	71.1K	67.5K
Net Working Capital	2.4M	2.3M	11.7M	17.8M	20.4M	21.4M
Common Stock	144.3M	88K	102K	74K	66.6K	63.3K

Pair Trading with Oceanpal

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Oceanpal position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Oceanpal will appreciate offsetting losses from the drop in the long position's value.

Moving together with Oceanpal Stock

0.8	SB	Safe Bulkers	Pair Corr
0.9	EDRY	EuroDry	Pair Corr

Moving against Oceanpal Stock

0.73	HTCO	Caravelle International Symbol Change	Pair Corr
0.38	CMRE-PD	Costamare	Pair Corr
0.36	CMRE-PC	Costamare	Pair Corr

The ability to find closely correlated positions to Oceanpal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oceanpal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Oceanpal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Oceanpal to buy it.

The correlation of Oceanpal is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oceanpal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oceanpal moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Oceanpal can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Oceanpal Stock Analysis

When running Oceanpal's price analysis, check to measure Oceanpal'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 Oceanpal is operating at the current time. Most of Oceanpal's value examination focuses on studying past and present price action to predict the probability of Oceanpal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oceanpal's price. Additionally, you may evaluate how the addition of Oceanpal to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC