NEW YORK, June 4, 2002 (PRIMEZONE) -- StockDiagnostics.com announces that The Home Depot, Inc., sets OPS (Operational-cashflow per share) records for its fourth quarter and fiscal year ended January 31, 2002. OPS increased significantly for the fourth quarter and 111% for Fiscal year ended January 31, 2002 over the comparable periods ended January 31, 2001.
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For the fourth quarter ended January 31, 2002, Home Depot's computed OPS (Operational-cashflow Per Share) was $0.73, an increase over its OPS of $0.001 for its fourth quarter ended January 31, 2001. The positive OPS Home Depot reported for its fourth quarter is significant as it represented the first substantive amount of OPS as compared to any of Home Depot's previous four fourth quarter's dating back to 1998. The fourth quarter has been the company's weakest quarter for OPS as its 1998, 1999, 2000 and 2001 quarters were respectively ($.05), ($.05), $.03 and $.001.
For the Fiscal year ended January 31, 2002, Home Depot's OPS (Operational-cashflow Per Share) increased 111% to OPS of $2.55 as compared to its OPS of $1.21 per share for the comparable to its Fiscal year ended January 31, 2001. Home Depot also has increased its OPS for at least five consecutive fiscal years.
What is OPS?
OPS(TM) stands for "Operational-cashflow Per Share." It is derived from the line item "Cash Flow from Operations" which appears in a company's quarterly and annual Cash Flow Statements filed with the Securities & Exchange Commission. "OPS" is calculated by dividing a company's Cash Flow from Operations by the total number of shares outstanding. After conducting in-depth research on Operational-cashflow Per Share, StockDiagnostics.com determined that OPS can be used to measure the quality of a company's EPS and for monitoring its overall financial health. Cash Flow from Operations is a company's financial lifeblood and a sudden decrease in it can drain this lifeblood, causing an increase in debt, share dilution, share price erosion, and in the more extreme cases, bankruptcy.
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