"OPS" is StockDiagnostics.com acronym for "Operational-cashflow Per Share."  Our "OPS" (Operational-cashflow Per Share) is derived from a corporations' actual quarterly or annual Cash Flow Statement. The specific section is entitled "Cash Flow used or provided by Operations." "OPS" is calculated by dividing a company's Cash Flow from Operations by the total number of shares outstanding.  Cash Flow from Operations is a company's financial lifeblood.  A sudden change in Cash Flow from Operations can drain this lifeblood, causing an increase in debt, share dilution, share price erosion and in the more extreme cases, bankruptcy.  StockDiagnostics.com created "OPS" (Operational-cashflow Per Share) to focus stockholders on the real values of a company as opposed to artificial values for EPS, CFPS (EBITDA) that can be produced by creative accounting.  (See: "What is EPS, CFPS, EBITDA) Enron's collapse clearly reinforces the need to examine "OPS" (Operational-cashflow Per Share). 

Fundamentally, any reported EPS or Net Income must be contrasted with StockDiagnostics.com "OPS" (Operational-cashflow Per Share). In the table below you can see how this contrast applied to Enron. 

Enron's table shows the dramatic differences between StockDiagnostics.com "OPS" (Operational-cashflow Per Share) and EPS (Earnings Per Share), a manufactured, financial interpretation. Our "OPS" (Operational-cashflow Per Share) for Enron was negative for the first two quarters and positive for the third quarter of 2001. Enron's EPS results were the exact opposite.