Diamond Historical Financial Ratios
| DO Stock | USD 13.58 0.27 2.03% |
Diamond Offshore is recently reporting on over 93 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 2.16 will help investors to properly organize and evaluate Diamond Offshore Drilling financial condition quickly.
Diamond |
About Diamond Financial Ratios Analysis
Diamond Offshore DrillingFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Diamond Offshore investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Diamond financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Diamond Offshore history.
Diamond Offshore Financial Ratios Chart
Diamond Offshore Drilling financial ratios usually calculated using numerical values taken directly from Diamond Offshore financial statements such as income statements or balance sheets. They help investors to obtain meaningful information about Diamond Offshore. Most financial ratios help to conduct quantitative analysis to assess vital information about the company's valuation as well as profitability and liquidity indicators such as leverage, growth, profit margins, and different types of rates of return.
At this time, Diamond Offshore's POCF Ratio is very stable compared to the past year. As of the 24th of April 2024, EV To Operating Cash Flow is likely to grow to 176.32, while Price To Sales Ratio is likely to drop 0.98. Add Fundamental
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.Dividend Yield
Dividend Yield is Diamond Offshore Drilling dividend as a percentage of Diamond Offshore stock price. Diamond Offshore Drilling dividend yield is a measure of Diamond Offshore stock productivity, which can be interpreted as interest rate earned on an Diamond Offshore investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Most ratios from Diamond Offshore's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios 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 fundamentals ratios, 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 POCF Ratio is very stable compared to the past year. As of the 24th of April 2024, EV To Operating Cash Flow is likely to grow to 176.32, while Price To Sales Ratio is likely to drop 0.98.
| 2023 | 2024 (projected) | PTB Ratio | 2.05 | 2.16 | Dividend Yield | 3.2E-5 | 3.0E-5 |
Diamond Offshore fundamentals Correlations
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Diamond Offshore Account Relationship Matchups
High Positive Relationship
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Diamond Offshore fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 0.9 | 1.0 | 1.34 | 0.98 | 2.66 | 1.25 | |
| Ptb Ratio | 0.3 | 0.5 | 0.93 | 1.54 | 2.05 | 2.16 | |
| Days Sales Outstanding | 95.72 | 66.43 | 74.55 | 159.94 | 88.78 | 84.21 | |
| Book Value Per Share | 23.48 | 14.37 | 7.67 | 6.76 | 6.33 | 6.02 | |
| Free Cash Flow Yield | (0.32) | (0.18) | (0.24) | (0.0489) | (0.0904) | (0.0859) | |
| Invested Capital | 0.62 | 1.3 | 0.58 | 0.77 | 0.87 | 0.91 | |
| Operating Cash Flow Per Share | 0.0659 | 0.0607 | (0.81) | 0.0881 | 0.12 | 0.11 | |
| Stock Based Compensation To Revenue | 0.006331 | 0.007683 | 0.0148 | 0.0513 | 0.0134 | 0.014 | |
| Capex To Depreciation | (0.92) | (0.59) | (0.57) | (0.58) | (1.18) | (1.24) | |
| Pb Ratio | 0.3 | 0.5 | 0.93 | 1.54 | 2.05 | 2.16 | |
| Ev To Sales | 3.03 | 0.95 | 1.55 | 3.83 | 1.87 | 1.22 | |
| Free Cash Flow Per Share | (2.3) | (1.31) | (1.73) | (0.51) | (1.18) | (1.12) | |
| Roic | (0.0478) | (0.0646) | (0.13) | (0.12) | 0.13 | 0.11 | |
| Net Income Per Share | (2.6) | (9.09) | (21.38) | (20.03) | (0.44) | (0.42) | |
| Payables Turnover | 17.41 | 10.74 | 21.01 | 6.53 | 22.3 | 11.92 | |
| Sales General And Administrative To Revenue | 0.0692 | 0.92 | 0.0945 | 0.58 | 0.0684 | 0.07 | |
| Cash Per Share | 1.14 | 3.12 | 0.38 | 0.63 | 1.36 | 1.29 | |
| Pocfratio | 108.13 | 117.43 | (8.79) | 117.99 | 112.39 | 118.01 | |
| Interest Coverage | (2.29) | (7.04) | (2.55) | (3.18) | 0.87 | 0.83 | |
| Capex To Operating Cash Flow | (35.92) | (22.62) | 1.13 | (6.77) | (11.16) | (10.6) | |
| Pfcf Ratio | (3.1) | (5.43) | (4.12) | (20.44) | (11.06) | (10.51) | |
| Days Payables Outstanding | 20.97 | 34.0 | 17.37 | 55.94 | 16.37 | 15.55 | |
| Income Quality | (0.0254) | (0.006677) | 0.0379 | (0.0859) | (0.26) | (0.25) | |
| Roe | (0.11) | (0.63) | (2.79) | (2.96) | (0.0693) | (0.0728) | |
| Ev To Operating Cash Flow | 327.74 | 83.52 | (13.82) | 169.82 | 167.92 | 176.32 | |
| Pe Ratio | (2.75) | (0.78) | (0.33) | (0.52) | (29.61) | (28.13) | |
| Return On Tangible Assets | (0.0593) | (0.24) | (1.4) | (1.32) | (0.0261) | (0.0248) | |
| Ev To Free Cash Flow | (9.38) | (3.86) | (6.48) | (29.42) | (16.53) | (15.7) | |
| Earnings Yield | (0.36) | (1.28) | (3.0) | (1.93) | (0.0338) | (0.0321) | |
| Net Debt To E B I T D A | 26.82 | (13.96) | 68.14 | (10.42) | 4.14 | 3.56 | |
| Current Ratio | 1.51 | 3.01 | 1.17 | 1.22 | 1.47 | 1.4 | |
| Tangible Book Value Per Share | 23.48 | 14.37 | 7.67 | 6.76 | 6.33 | 6.02 | |
| Receivables Turnover | 3.81 | 5.49 | 4.9 | 2.28 | 4.11 | 4.06 | |
| Graham Number | 37.03 | 54.22 | 60.74 | 55.19 | 7.91 | 7.51 |
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
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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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
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When running Diamond Offshore's price analysis, check to measure Diamond Offshore's 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 Diamond Offshore is operating at the current time. Most of Diamond Offshore's value examination focuses on studying past and present price action to predict the probability of Diamond Offshore's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Diamond Offshore's price. Additionally, you may evaluate how the addition of Diamond Offshore to your portfolios can decrease your overall portfolio volatility.
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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.