DRDGOLD Total Current Assets vs Net Invested Capital Analysis
DRD Stock | USD 8.33 0.08 0.97% |
DRDGOLD Limited financial indicator trend analysis is much more than just examining DRDGOLD Limited ADR latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DRDGOLD Limited ADR is a good investment. Please check the relationship between DRDGOLD Limited Total Current Assets and its Net Invested Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DRDGOLD Limited ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Total Current Assets vs Net Invested Capital
Total Current Assets vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DRDGOLD Limited ADR Total Current Assets account and Net Invested Capital. At this time, the significance of the direction appears to have almost identical trend.
The correlation between DRDGOLD Limited's Total Current Assets and Net Invested Capital is 0.92. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of DRDGOLD Limited ADR, assuming nothing else is changed. The correlation between historical values of DRDGOLD Limited's Total Current Assets and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of DRDGOLD Limited ADR are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Total Current Assets i.e., DRDGOLD Limited's Total Current Assets and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Most indicators from DRDGOLD Limited's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DRDGOLD Limited ADR 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 DRDGOLD Limited ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. At present, DRDGOLD Limited's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 13.9 B, whereas Enterprise Value Over EBITDA is forecasted to decline to 8.55.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 72.9M | 70.4M | 81.0M | 48.5M | Depreciation And Amortization | 321.7M | 217.5M | 250.1M | 186.9M |
DRDGOLD Limited fundamental ratios Correlations
Click cells to compare fundamentals
DRDGOLD Limited Account Relationship Matchups
High Positive Relationship
High Negative Relationship
DRDGOLD Limited fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.7B | 6.3B | 7.1B | 8.2B | 9.4B | 9.8B | |
Short Long Term Debt Total | 47.1M | 54.8M | 52.3M | 39.7M | 35.7M | 33.9M | |
Other Current Liab | 257M | 161.7M | 176.9M | 182.3M | 164.1M | 172.3M | |
Total Current Liabilities | 745.9M | 531.5M | 625.5M | 718.7M | 826.5M | 528.6M | |
Total Stockholder Equity | 4.0B | 4.8B | 5.4B | 6.3B | 7.2B | 7.6B | |
Property Plant And Equipment Net | 2.6B | 2.8B | 3.1B | 3.9B | 4.5B | 4.7B | |
Net Debt | (1.7B) | (2.1B) | (2.5B) | (2.4B) | (2.2B) | (2.1B) | |
Retained Earnings | (2.1B) | (1.3B) | (733.4M) | 86.2M | 77.6M | 81.5M | |
Accounts Payable | 478.8M | 352.9M | 429.1M | 525.1M | 603.9M | 339.3M | |
Cash | 1.7B | 2.2B | 2.5B | 2.5B | 2.8B | 3.0B | |
Non Current Assets Total | 3.5B | 3.7B | 4.0B | 4.9B | 5.7B | 6.0B | |
Non Currrent Assets Other | 35M | 40.5M | 40.4M | 39.7M | 35.7M | 37.5M | |
Cash And Short Term Investments | 1.7B | 2.2B | 2.5B | 2.5B | 2.8B | 3.0B | |
Net Receivables | 151.3M | 135.3M | 142.9M | 130.1M | 149.6M | 106.7M | |
Common Stock Shares Outstanding | 78.4M | 86.1M | 86.1M | 86.5M | 99.5M | 104.4M | |
Liabilities And Stockholders Equity | 5.7B | 6.3B | 7.1B | 8.2B | 9.4B | 9.8B | |
Non Current Liabilities Total | 889.1M | 996.1M | 1.0B | 1.2B | 1.3B | 782.2M | |
Inventory | 323.4M | 340M | 389.3M | 413.6M | 475.6M | 499.4M | |
Other Stockholder Equity | (51.0M) | (51M) | (35.6M) | (21M) | (18.9M) | (18.0M) | |
Total Liab | 1.6B | 1.5B | 1.6B | 1.9B | 2.2B | 1.3B | |
Property Plant And Equipment Gross | 2.6B | 4.9B | 5.2B | 6.2B | 7.1B | 7.5B | |
Total Current Assets | 2.2B | 2.7B | 3.1B | 3.2B | 3.7B | 3.9B | |
Accumulated Other Comprehensive Income | 50.5M | 50.5M | 35.1M | 20.5M | 23.6M | 24.8M | |
Short Term Debt | 10.1M | 16.9M | 19.5M | 11.3M | 10.2M | 9.7M | |
Other Current Assets | 128.2M | 17.4M | 29.9M | 210.5M | 189.5M | 198.9M | |
Other Liab | 852.1M | 958.2M | 980M | 1.1B | 1.3B | 1.4B | |
Property Plant Equipment | 2.6B | 2.8B | 3.1B | 3.9B | 4.5B | 4.7B | |
Other Assets | 669M | 698.5M | 765.7M | 72.5M | 83.4M | 79.2M | |
Net Tangible Assets | 4.0B | 4.8B | 5.4B | 6.3B | 7.2B | 7.6B | |
Long Term Investments | 821.3M | 819.3M | 862.2M | 958.3M | 1.1B | 1.2B | |
Long Term Debt Total | 37M | 37.9M | 32.8M | 28.4M | 32.7M | 24.9M | |
Capital Lease Obligations | 47.1M | 54.8M | 52.3M | 39.7M | 45.7M | 31.2M | |
Net Invested Capital | 4.0B | 4.8B | 5.4B | 6.3B | 7.2B | 4.1B |
Pair Trading with DRDGOLD Limited
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 DRDGOLD Limited 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 DRDGOLD Limited will appreciate offsetting losses from the drop in the long position's value.Moving together with DRDGOLD Stock
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Moving against DRDGOLD Stock
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The ability to find closely correlated positions to DRDGOLD Limited could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DRDGOLD Limited 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 DRDGOLD Limited - 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 DRDGOLD Limited ADR to buy it.
The correlation of DRDGOLD Limited 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 DRDGOLD Limited moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DRDGOLD Limited ADR 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 DRDGOLD Limited 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 DRDGOLD Limited ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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When running DRDGOLD Limited's price analysis, check to measure DRDGOLD Limited'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 DRDGOLD Limited is operating at the current time. Most of DRDGOLD Limited's value examination focuses on studying past and present price action to predict the probability of DRDGOLD Limited's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DRDGOLD Limited's price. Additionally, you may evaluate how the addition of DRDGOLD Limited to your portfolios can decrease your overall portfolio volatility.
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Is DRDGOLD Limited'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 DRDGOLD Limited. If investors know DRDGOLD 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 DRDGOLD Limited 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 0.095 | Dividend Share 8.5 | Earnings Share 0.77 | Revenue Per Share 67.565 | Quarterly Revenue Growth 0.121 |
The market value of DRDGOLD Limited ADR is measured differently than its book value, which is the value of DRDGOLD that is recorded on the company's balance sheet. Investors also form their own opinion of DRDGOLD Limited's value that differs from its market value or its book value, called intrinsic value, which is DRDGOLD Limited'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 DRDGOLD Limited's market value can be influenced by many factors that don't directly affect DRDGOLD Limited'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 DRDGOLD Limited's value and its price as these two are different measures arrived at by different means. Investors typically determine if DRDGOLD Limited is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DRDGOLD Limited'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.