Diamond Inventory Turnover vs Price To Sales Ratio Analysis
DO Stock | USD 12.98 0.44 3.51% |
Diamond Offshore financial indicator trend analysis is much more than just examining Diamond Offshore Drilling latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Diamond Offshore Drilling is a good investment. Please check the relationship between Diamond Offshore Inventory Turnover and its Price To Sales Ratio accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamond Offshore Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
Inventory Turnover vs Price To Sales Ratio
Inventory Turnover vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Diamond Offshore Drilling Inventory Turnover account and Price To Sales Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Diamond Offshore's Inventory Turnover and Price To Sales Ratio is -0.18. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Diamond Offshore Drilling, assuming nothing else is changed. The correlation between historical values of Diamond Offshore's Inventory Turnover and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory Turnover of Diamond Offshore Drilling are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Inventory Turnover i.e., Diamond Offshore's Inventory Turnover and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | -0.18 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.Price To Sales Ratio
Price to Sales Ratio is figured by comparing Diamond Offshore Drilling stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Diamond Offshore sales, a figure that is much harder to manipulate than other Diamond Offshore Drilling multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.Most indicators from Diamond Offshore's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Diamond Offshore Drilling 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamond Offshore Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. At this time, Diamond Offshore's Selling General Administrative is very stable compared to the past year. As of the 5th of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.07, while Tax Provision is likely to drop (123.6 M).
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 1.9B | 229.5M | 72.2M | 68.6M | Cost Of Revenue | 650.9M | 310.9M | 937.3M | 959.4M |
Diamond Offshore fundamental ratios Correlations
Click cells to compare fundamentals
Diamond Offshore Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Diamond Offshore fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.0B | 5.2B | 1.5B | 1.5B | 1.7B | 1.6B | |
Short Long Term Debt Total | 2.1B | 146.3M | 446.5M | 522.5M | 700.5M | 1.3B | |
Other Current Liab | 204.4M | 111.2M | 123.7M | 172.1M | 217.1M | 251.9M | |
Total Current Liabilities | 302.6M | 201.4M | 232.8M | 261.7M | 296.2M | 380.5M | |
Total Stockholder Equity | 3.2B | 2.0B | 767.7M | 679.7M | 644.9M | 612.6M | |
Property Plant And Equipment Net | 5.3B | 4.3B | 1.2B | 1.1B | 1.2B | 1.1B | |
Net Debt | 2.0B | (284.1M) | 408.1M | 459.4M | 654.2M | 968.9M | |
Retained Earnings | 1.4B | 157.3M | (177.3M) | (280.6M) | (325.3M) | (309.0M) | |
Accounts Payable | 68.6M | 33.4M | 38.7M | 47.6M | 42.0M | 52.9M | |
Cash | 156.3M | 430.4M | 38.4M | 63.0M | 46.4M | 44.1M | |
Non Current Assets Total | 5.6B | 4.6B | 1.3B | 1.2B | 1.3B | 1.2B | |
Non Currrent Assets Other | 55.2M | 65.3M | 84.0M | 68.0M | 82.9M | 87.0M | |
Cash And Short Term Investments | 156.3M | 430.4M | 38.4M | 63.0M | 138.7M | 131.8M | |
Net Receivables | 257.2M | 133.5M | 148.2M | 172.1M | 256.9M | 348.6M | |
Common Stock Shares Outstanding | 137.7M | 138.0M | 100.1M | 100.6M | 101.8M | 107.9M | |
Liabilities And Stockholders Equity | 6.0B | 5.2B | 1.5B | 1.5B | 1.7B | 1.6B | |
Non Current Liabilities Total | 2.5B | 3.0B | 531.0M | 586.6M | 771.6M | 1.4B | |
Other Current Assets | 25.1M | 29.0M | 7.0M | 48.7M | 35.2M | 33.4M | |
Other Stockholder Equity | 1.8B | 1.8B | 945.0M | 960.2M | 970.1M | 921.6M | |
Total Liab | 2.8B | 3.2B | 763.7M | 848.3M | 1.1B | 1.0B | |
Total Current Assets | 456.8M | 605.5M | 271.5M | 318.1M | 435.5M | 860.4M | |
Accumulated Other Comprehensive Income | (2.9B) | (3.2B) | (18K) | 0.0 | 20K | 21K | |
Short Term Debt | 20.0M | 5.1M | 31.9M | 30.4M | 24.4M | 23.2M | |
Common Stock | 1.4M | 1.4M | 1.5M | 10K | 9K | 8.6K | |
Short Term Investments | 35K | 299.8M | 0.0 | 92.3M | 83.1M | 78.9M | |
Current Deferred Revenue | 9.6M | 51.8M | 38.5M | 11.5M | 12.6M | 13.3M | |
Inventory | 18.3M | 12.6M | 78.0M | 34.3M | 4.7M | 4.5M | |
Other Assets | 35.2M | 45.5M | 45.2M | 37.6M | 33.9M | 53.8M | |
Long Term Debt | 2.0B | 0.0 | 266.2M | 360.6M | 533.5M | 906.3M | |
Long Term Debt Total | 2.0B | 0.0 | 414.6M | 492.0M | 442.8M | 420.7M | |
Capital Surpluse | 2.0B | 2.0B | 945.0M | 964.5M | 868.0M | 1.4B | |
Cash And Equivalents | 156.3M | 405.9M | 38.4M | 63.0M | 56.7M | 53.9M | |
Property Plant Equipment | 5.3B | 4.3B | 1.2B | 1.2B | 1.1B | 1.0B | |
Other Liab | 323.5M | 126.7M | 93.6M | 78.0M | 70.2M | 137.9M | |
Net Tangible Assets | 3.2B | 2.0B | 767.7M | 679.7M | 611.7M | 581.1M | |
Deferred Long Term Liab | 4M | 2.2M | 16.1M | 12.9M | 14.8M | 10.6M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Diamond Offshore in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Diamond Offshore's short interest history, or implied volatility extrapolated from Diamond Offshore options trading.
Pair Trading with Diamond Offshore
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 Diamond Offshore 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 Diamond Offshore will appreciate offsetting losses from the drop in the long position's value.Moving together with Diamond Stock
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Moving against Diamond Stock
0.7 | NC | NACCO Industries | PairCorr |
0.5 | EP | Empire Petroleum Corp | PairCorr |
The ability to find closely correlated positions to Diamond Offshore could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diamond Offshore 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 Diamond Offshore - 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 Diamond Offshore Drilling to buy it.
The correlation of Diamond Offshore 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 Diamond Offshore moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Diamond Offshore Drilling 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 Diamond Offshore 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamond Offshore Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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Is Diamond Offshore's 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 Diamond Offshore. If investors know Diamond 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 Diamond Offshore listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.44) | Revenue Per Share 9.662 | Quarterly Revenue Growth 0.346 | Return On Assets 0.018 | Return On Equity (0.07) |
The market value of Diamond Offshore Drilling is measured differently than its book value, which is the value of Diamond that is recorded on the company's balance sheet. Investors also form their own opinion of Diamond Offshore's value that differs from its market value or its book value, called intrinsic value, which is Diamond Offshore's 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 Diamond Offshore's market value can be influenced by many factors that don't directly affect Diamond Offshore's 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 Diamond Offshore's value and its price as these two are different measures arrived at by different means. Investors typically determine if Diamond Offshore is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Diamond Offshore's 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.