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Ocean Power Technologies Inc   (OPTT)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities

Ocean Power Technologies Inc 's Working Capital Ratio

OPTT's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


Regardless of the sequential decrease in Current Liabilities, during the third quarter 2023, Working Capital Ratio deteriorated to 2.49 below Ocean Power Technologies Inc 's average Working Capital Ratio.

Within Electric Utilities industry 2 other companies have achieved higher Working Capital Ratio than Ocean Power Technologies Inc in third quarter 2023. While Working Capital Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 1159 to 1360.

Explain Working Capital Ratio
How much in Current Assets OPTTīs has?
What is the value of OPTTīs Current Liabilities?


OPTT Working Capital Ratio (Jan 31 2024)
III. Quarter
(Apr 30 2023)
IV. Quarter
(Jan 31 2023)
III. Quarter
(Oct 31 2022)
II. Quarter
(Jul 31 2022)
I. Quarter
Y / Y Current Liabilities Change 118.68 % 165.51 % 13.03 % 89.73 % 21.3 %
Y / Y Current Assets Change -67.52 % -36.47 % -30.41 % -31.53 % -31.94 %
Working Capital Ratio MRQ 2.49 4.76 9.53 11.34 16.79
OPTT's Total Ranking # 1360 # 1159 # 539 # #
Seq. Current Liabilities Change -11.03 % 66.6 % 6.13 % 39.01 % 8.03 %
Seq. Current Assets Change -53.43 % -16.69 % -10.84 % -6.1 % -8.93 %



Working Capital Ratio third quarter 2023 Company Ranking
Within: No.
Electric Utilities Industry # 3
Utilities Sector # 7
Overall Market # 1360


Working Capital Ratio Statistics
High Average Low
31.43 7.26 1.39
(Oct 31 2021)   (Jan 31 2019)




Financial Statements
Ocean Power Technologies Inc 's Current Liabilities $ 7 Millions Visit OPTT's Balance sheet
Ocean Power Technologies Inc 's Current Assets $ 18 Millions Visit OPTT's Balance sheet
Source of OPTT's Sales Visit OPTT's Sales by Geography


Cumulative Ocean Power Technologies Inc 's Working Capital Ratio

OPTT's Working Capital Ratio for the trailling 12 Months

OPTT Working Capital Ratio

(Jan 31 2024)
III. Quarter
(Apr 30 2023)
IV. Quarter
(Jan 31 2023)
III. Quarter
(Oct 31 2022)
II. Quarter
(Jul 31 2022)
I. Quarter
Y / Y Current Liabilities TTM Growth 118.68 % 165.51 % 13.03 % 89.73 % 21.3 %
Y / Y Current Assets TTM Growth -67.52 % -36.47 % -30.41 % -31.53 % -31.94 %
Working Capital Ratio TTM 6.26 9.22 13.58 15.41 19.79
Total Ranking TTM # 984 # 4196 # 277 # #
Seq. Current Liabilities TTM Growth -11.03 % 66.6 % 6.13 % 39.01 % 8.03 %
Seq. Current Assets TTM Growth -53.43 % -16.69 % -10.84 % -6.1 % -8.93 %


On the trailing twelve months basis Due to fall in Current Liabilities in the III Quarter 2023 to $7.04 millions, cumulative Working Capital Ratio decreased to 6.26 below the Ocean Power Technologies Inc average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Electric Utilities industry 3 other companies have achieved higher Working Capital Ratio than Ocean Power Technologies Inc . While Working Capital Ratio overall ranking has improved so far to 984, from total ranking during the twelve months ending forth quarter 2023 at 4196.

Explain Working Capital Ratio
How much in Current Assets OPTTīs has?
What is the value of OPTTīs Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Electric Utilities Industry # 4
Utilities Sector # 8
Within the Market # 984


trailing twelve months Working Capital Ratio Statistics
High Average Low
24.52 7.37 1.93
(Oct 31 2021)   (Jan 31 2017)




Companies with similar Working Capital Ratio in the quarter ending Jan 31 2024, within Electric Utilities Industry Working Capital RatioJan 31 2024 MRQ Current AssetsJan 31 2024 MRQ Current Liabilities
Bitech Technologies Corporation  4.64 $ 0.163  Millions$ 0.035  Millions
Eco Wave Power Global Ab publ   4.11 $ 8.756  Millions$ 2.130  Millions
Kenon Holdings Ltd  3.05 $ 1,096.041  Millions$ 358.799  Millions
Spruce Power Holding Corporation  2.84 $ 203.341  Millions$ 71.712  Millions
Ocean Power Technologies Inc   2.49 $ 17.544  Millions$ 7.035  Millions
Genie Energy Ltd   2.34 $ 229.833  Millions$ 98.252  Millions
Altus Power Inc   2.15 $ 228.797  Millions$ 106.510  Millions
Via Renewables Inc   1.99 $ 158.973  Millions$ 79.996  Millions
Central Puerto S a   1.98 $ 7,635.927  Millions$ 3,859.786  Millions
Otter Tail Corporation  1.84 $ 570.170  Millions$ 309.757  Millions
Clearway Energy Inc   1.72 $ 1,560.000  Millions$ 906.000  Millions
Idacorp Inc   1.58 $ 1,004.054  Millions$ 634.076  Millions
Energy Co Of Parana  1.47 $ 2,605.989  Millions$ 1,768.792  Millions
Nextera Energy Partners Lp  1.33 $ 2,216.000  Millions$ 1,671.000  Millions
Constellation Energy Corporation  1.31 $ 8,299.000  Millions$ 6,319.000  Millions
Allete Inc   1.24 $ 468.100  Millions$ 377.600  Millions
Ormat Technologies Inc   1.20 $ 646.003  Millions$ 537.012  Millions
Vistra Corp   1.18 $ 11,637.000  Millions$ 9,823.000  Millions
Enlight Renewable Energy Ltd   1.14 $ 664.645  Millions$ 583.292  Millions
Pampa Energy Inc   1.07 $ 1,336.000  Millions$ 1,247.000  Millions
Ellomay Capital Ltd   1.06 $ 103.721  Millions$ 97.971  Millions
Nrg Energy Inc  1.02 $ 9,727.000  Millions$ 9,500.000  Millions
Consolidated Edison Inc   1.01 $ 6,537.000  Millions$ 6,462.000  Millions
Heliogen Inc   0.98 $ 83.466  Millions$ 84.993  Millions
Brazilian Electric Power Co  0.97 $ 9,100.455  Millions$ 9,395.394  Millions
Wisconsin Public Service Corporation  0.87 $ 503.300  Millions$ 580.000  Millions
Nisource Inc   0.86 $ 4,537.700  Millions$ 5,265.100  Millions
Dpl Inc   0.86 $ 363.100  Millions$ 423.700  Millions
Portland General Electric Company  0.86 $ 935.000  Millions$ 1,092.000  Millions
Sunnova Energy International Inc   0.85 $ 936.248  Millions$ 1,095.292  Millions

Date modified: 2024-03-17T12:49:23+00:00



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