DXP Return On Assets from 2010 to 2024
| DXPE Stock | USD 50.15 0.33 0.65% |
Return On Assets | First Reported 2010-12-31 | Previous Quarter 0.05844224 | Current Value 0.0614 | Quarterly Volatility 0.04770407 |
Check DXP Enterprises financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among DXP main balance sheet or income statement drivers, such as Depreciation And Amortization of 15 M, Interest Expense of 55.8 M or Selling General Administrative of 379.3 M, as well as many exotic indicators such as Price To Sales Ratio of 0.31, Dividend Yield of 1.0E-4 or PTB Ratio of 1.77. DXP financial statements analysis is a perfect complement when working with DXP Enterprises Valuation or Volatility modules.
DXP | Return On Assets |
Latest DXP Enterprises' Return On Assets Growth Pattern
Below is the plot of the Return On Assets of DXP Enterprises over the last few years. It is a profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets. DXP Enterprises' Return On Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in DXP Enterprises' overall financial position and show how it may be relating to other accounts over time.
| Return On Assets | 10 Years Trend |
|
Return On Assets |
| Timeline |
DXP Return On Assets Regression Statistics
| Arithmetic Mean | 0.03 | |
| Coefficient Of Variation | 156.34 | |
| Mean Deviation | 0.04 | |
| Median | 0.05 | |
| Standard Deviation | 0.05 | |
| Sample Variance | 0 | |
| Range | 0.1512 | |
| R-Value | (0.01) | |
| Mean Square Error | 0 | |
| R-Squared | 0.0002 | |
| Significance | 0.96 | |
| Slope | (0.0002) | |
| Total Sum of Squares | 0.03 |
DXP Return On Assets History
About DXP Enterprises Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include DXP Enterprises income statement, its balance sheet, and the statement of cash flows. DXP Enterprises investors use historical funamental indicators, such as DXP Enterprises's Return On Assets, to determine how well the company is positioned to perform in the future. Although DXP Enterprises investors may use each financial statement separately, they are all related. The changes in DXP Enterprises's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on DXP Enterprises's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on DXP Enterprises Financial Statements. Understanding these patterns can help to make the right decision on long term investment in DXP Enterprises. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Assets | 0.06 | 0.06 |
Pair Trading with DXP Enterprises
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 DXP Enterprises 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 DXP Enterprises will appreciate offsetting losses from the drop in the long position's value.Moving together with DXP Stock
| 0.62 | DSGR | Distribution Solutions Financial Report 2nd of May 2024 | PairCorr |
| 0.7 | FAST | Fastenal Financial Report 11th of July 2024 | PairCorr |
| 0.86 | FERG | Ferguson Plc Financial Report 4th of June 2024 | PairCorr |
| 0.78 | AIT | Applied Industrial Earnings Call This Week | PairCorr |
Moving against DXP Stock
| 0.93 | AZ | A2Z Smart Technologies | PairCorr |
| 0.89 | BA | Boeing Earnings Call This Week | PairCorr |
| 0.78 | TITN | Titan Machinery Financial Report 23rd of May 2024 | PairCorr |
| 0.61 | AP | Ampco Pittsburgh | PairCorr |
| 0.52 | MSM | MSC Industrial Direct Financial Report 4th of July 2024 | PairCorr |
The ability to find closely correlated positions to DXP Enterprises could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DXP Enterprises 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 DXP Enterprises - 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 DXP Enterprises to buy it.
The correlation of DXP Enterprises 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 DXP Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DXP Enterprises 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 DXP Enterprises 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.Check out the analysis of DXP Enterprises Correlation against competitors. For information on how to trade DXP Stock refer to our How to Trade DXP Stock guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for DXP Stock analysis
When running DXP Enterprises' price analysis, check to measure DXP Enterprises' 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 DXP Enterprises is operating at the current time. Most of DXP Enterprises' value examination focuses on studying past and present price action to predict the probability of DXP Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DXP Enterprises' price. Additionally, you may evaluate how the addition of DXP Enterprises to your portfolios can decrease your overall portfolio volatility.
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Is DXP Enterprises' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DXP Enterprises. If investors know DXP will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DXP Enterprises listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.535 | Earnings Share 3.89 | Revenue Per Share 99.502 | Quarterly Revenue Growth 0.002 | Return On Assets 0.0786 |
The market value of DXP Enterprises is measured differently than its book value, which is the value of DXP that is recorded on the company's balance sheet. Investors also form their own opinion of DXP Enterprises' value that differs from its market value or its book value, called intrinsic value, which is DXP Enterprises' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DXP Enterprises' market value can be influenced by many factors that don't directly affect DXP Enterprises' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DXP Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine if DXP Enterprises is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DXP Enterprises' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.