DIRTT Total Revenue vs Operating Income Analysis

DRT Stock

CAD 0.68 0.01 1.49%

DIRTT Environmental financial indicator trend analysis is much more than just examining DIRTT Environmental latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DIRTT Environmental is a good investment. Please check the relationship between DIRTT Environmental Total Revenue and its Operating Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DIRTT Environmental Solutions. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Total Revenue vs Operating Income

Total Revenue vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DIRTT Environmental Total Revenue account and Operating Income. At this time, the significance of the direction appears to have almost no relationship.

The correlation between DIRTT Environmental's Total Revenue and Operating Income is 0.16. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Operating Income in the same time period over historical financial statements of DIRTT Environmental Solutions, assuming nothing else is changed. The correlation between historical values of DIRTT Environmental's Total Revenue and Operating Income 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 Revenue of DIRTT Environmental Solutions are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Total Revenue i.e., DIRTT Environmental's Total Revenue and Operating Income go up and down completely randomly.

Correlation Coefficient

0.16

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Total Revenue

Total revenue comprises all receipts DIRTT Environmental generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Operating Income

Operating Income is the amount of profit realized from DIRTT Environmental operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of DIRTT Environmental Solutions is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from DIRTT Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DIRTT Environmental 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 DIRTT Environmental Solutions. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

As of the 29th of April 2024, Selling General Administrative is likely to drop to about 36.2 M. In addition to that, Tax Provision is likely to drop to about 315.4 K

	2021	2022	2023	2024 (projected)
Interest Expense	3.1M	5.2M	4.9M	5.2M
Depreciation And Amortization	77K	51K	45.9K	43.6K

Interest Expense Depreciation And Amortization

DIRTT Environmental fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		0.24	0.49	0.72	0.42	0.12	0.41	0.7	-0.77	-0.02	0.02	0.42	0.65	0.85	0.59	0.44	0.1	0.51	0.38	-0.38	0.61	0.65	0.25	0.78	0.62	0.52
Short Long Term Debt Total	0.24		-0.13	0.32	-0.76	-0.42	-0.71	0.66	-0.51	0.88	-0.95	-0.24	-0.37	0.51	0.65	-0.12	0.95	-0.57	-0.28	-0.95	0.7	0.54	0.99	0.51	0.74	0.71
Other Current Liab	0.49	-0.13		0.48	0.43	-0.28	0.26	0.5	-0.27	0.07	0.26	-0.03	0.15	0.55	0.56	0.2	-0.16	0.35	0.56	0.05	0.26	0.1	-0.04	0.41	0.44	0.2
Total Current Liabilities	0.72	0.32	0.48		0.1	-0.07	0.0	0.5	-0.34	0.16	-0.23	0.6	0.21	0.61	0.49	0.57	0.22	0.09	0.66	-0.47	0.59	0.67	0.32	0.83	0.53	0.39
Total Stockholder Equity	0.42	-0.76	0.43	0.1		0.45	0.96	-0.11	-0.1	-0.82	0.89	0.46	0.79	0.1	-0.18	0.35	-0.81	0.9	0.43	0.63	-0.18	-0.03	-0.74	0.01	-0.24	-0.26
Other Liab	0.12	-0.42	-0.28	-0.07	0.45		0.6	-0.43	0.16	-0.6	0.45	0.55	0.61	-0.29	-0.6	0.26	-0.33	0.56	0.14	0.24	-0.36	0.01	-0.43	0.0	-0.46	-0.45
Net Tangible Assets	0.41	-0.71	0.26	0.0	0.96	0.6		-0.16	-0.17	-0.83	0.85	0.47	0.84	0.04	-0.24	0.28	-0.75	0.91	0.35	0.55	-0.18	0.05	-0.7	0.01	-0.28	-0.33
Property Plant And Equipment Net	0.7	0.66	0.5	0.5	-0.11	-0.43	-0.16		-0.85	0.59	-0.47	-0.16	0.04	0.96	0.94	0.09	0.51	-0.03	-0.04	-0.66	0.85	0.61	0.7	0.71	0.9	0.83
Current Deferred Revenue	-0.77	-0.51	-0.27	-0.34	-0.1	0.16	-0.17	-0.85		-0.28	0.28	0.02	-0.35	-0.85	-0.75	-0.02	-0.32	-0.2	0.05	0.54	-0.79	-0.72	-0.51	-0.61	-0.73	-0.66
Net Debt	-0.02	0.88	0.07	0.16	-0.82	-0.6	-0.83	0.59	-0.28		-0.9	-0.51	-0.66	0.4	0.64	-0.29	0.89	-0.7	-0.29	-0.79	0.51	0.24	0.91	0.37	0.64	0.59
Retained Earnings	0.02	-0.95	0.26	-0.23	0.89	0.45	0.85	-0.47	0.28	-0.9		0.28	0.6	-0.3	-0.51	0.15	-0.91	0.78	0.3	0.88	-0.58	-0.43	-0.93	-0.39	-0.54	-0.53
Accounts Payable	0.42	-0.24	-0.03	0.6	0.46	0.55	0.47	-0.16	0.02	-0.51	0.28		0.57	0.03	-0.27	0.56	-0.25	0.47	0.53	0.03	0.1	0.44	-0.28	0.4	-0.11	-0.07
Cash	0.65	-0.37	0.15	0.21	0.79	0.61	0.84	0.04	-0.35	-0.66	0.6	0.57		0.25	-0.1	0.37	-0.4	0.93	0.24	0.22	0.01	0.21	-0.37	0.18	0.05	0.04
Non Current Assets Total	0.85	0.51	0.55	0.61	0.1	-0.29	0.04	0.96	-0.85	0.4	-0.3	0.03	0.25		0.87	0.26	0.35	0.16	0.08	-0.55	0.81	0.63	0.54	0.78	0.82	0.78
Non Currrent Assets Other	0.59	0.65	0.56	0.49	-0.18	-0.6	-0.24	0.94	-0.75	0.64	-0.51	-0.27	-0.1	0.87		0.09	0.51	-0.15	0.05	-0.65	0.85	0.57	0.69	0.66	0.88	0.74
Other Assets	0.44	-0.12	0.2	0.57	0.35	0.26	0.28	0.09	-0.02	-0.29	0.15	0.56	0.37	0.26	0.09		-0.21	0.29	0.29	-0.03	0.23	0.35	-0.15	0.47	0.05	-0.02
Long Term Debt	0.1	0.95	-0.16	0.22	-0.81	-0.33	-0.75	0.51	-0.32	0.89	-0.91	-0.25	-0.4	0.35	0.51	-0.21		-0.54	-0.31	-0.92	0.52	0.36	0.96	0.42	0.67	0.64
Cash And Short Term Investments	0.51	-0.57	0.35	0.09	0.9	0.56	0.91	-0.03	-0.2	-0.7	0.78	0.47	0.93	0.16	-0.15	0.29	-0.54		0.27	0.42	-0.13	0.01	-0.53	0.07	-0.03	-0.06
Net Receivables	0.38	-0.28	0.56	0.66	0.43	0.14	0.35	-0.04	0.05	-0.29	0.3	0.53	0.24	0.08	0.05	0.29	-0.31	0.27		0.1	0.04	0.25	-0.27	0.37	-0.02	-0.28
Good Will	-0.38	-0.95	0.05	-0.47	0.63	0.24	0.55	-0.66	0.54	-0.79	0.88	0.03	0.22	-0.55	-0.65	-0.03	-0.92	0.42	0.1		-0.75	-0.68	-0.95	-0.68	-0.76	-0.65
Common Stock Total Equity	0.61	0.7	0.26	0.59	-0.18	-0.36	-0.18	0.85	-0.79	0.51	-0.58	0.1	0.01	0.81	0.85	0.23	0.52	-0.13	0.04	-0.75		0.87	0.69	0.77	0.8	0.74
Common Stock Shares Outstanding	0.65	0.54	0.1	0.67	-0.03	0.01	0.05	0.61	-0.72	0.24	-0.43	0.44	0.21	0.63	0.57	0.35	0.36	0.01	0.25	-0.68	0.87		0.49	0.8	0.59	0.45
Non Current Liabilities Total	0.25	0.99	-0.04	0.32	-0.74	-0.43	-0.7	0.7	-0.51	0.91	-0.93	-0.28	-0.37	0.54	0.69	-0.15	0.96	-0.53	-0.27	-0.95	0.69	0.49		0.52	0.78	0.74
Inventory	0.78	0.51	0.41	0.83	0.01	0.0	0.01	0.71	-0.61	0.37	-0.39	0.4	0.18	0.78	0.66	0.47	0.42	0.07	0.37	-0.68	0.77	0.8	0.52		0.62	0.5
Other Current Assets	0.62	0.74	0.44	0.53	-0.24	-0.46	-0.28	0.9	-0.73	0.64	-0.54	-0.11	0.05	0.82	0.88	0.05	0.67	-0.03	-0.02	-0.76	0.8	0.59	0.78	0.62		0.87
Other Stockholder Equity	0.52	0.71	0.2	0.39	-0.26	-0.45	-0.33	0.83	-0.66	0.59	-0.53	-0.07	0.04	0.78	0.74	-0.02	0.64	-0.06	-0.28	-0.65	0.74	0.45	0.74	0.5	0.87

Click cells to compare fundamentals

DIRTT Environmental Account Relationship Matchups

DIRTT Environmental fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	175.6M	183.1M	199.4M	143.7M	124.3M	173.3M
Short Long Term Debt Total	21.4M	41.3M	104.1M	98.9M	113.7M	119.4M
Other Current Liab	18.0M	18.2M	17.3M	16.4M	184K	174.8K
Total Current Liabilities	34.4M	31.3M	37.1M	36.0M	33.7M	36.6M
Total Stockholder Equity	125.0M	116.5M	67.8M	18.0M	7.1M	6.7M
Other Liab	995.2K	965K	35K	414K	372.6K	624.8K
Net Tangible Assets	115.4M	106.7M	60.4M	13.6M	12.2M	11.6M
Property Plant And Equipment Net	62.0M	83.5M	82.6M	72.0M	54.9M	57.5M
Current Deferred Revenue	3.6M	1.8M	2.4M	4.9M	4.4M	3.8M
Net Debt	(25.8M)	(4.6M)	43.8M	88.0M	31.4M	32.9M
Retained Earnings	(46.0M)	(57.3M)	(111.3M)	(166.3M)	(180.9M)	(171.8M)
Accounts Payable	7.6M	4.9M	7.8M	5.6M	12.4M	8.7M
Cash	47.2M	45.8M	60.3M	10.8M	24.7M	36.9M
Non Current Assets Total	82.5M	98.3M	95.6M	81.5M	60.8M	75.9M
Non Currrent Assets Other	5.5M	5.0M	5.7M	5.1M	3.5M	3.0M
Other Assets	10.9M	5.0M	5.7M	5.1M	5.9M	8.2M
Long Term Debt	35K	5.1M	67.3M	62.1M	55.3M	58.0M
Cash And Short Term Investments	47.2M	45.8M	60.3M	10.8M	9.7M	9.3M
Net Receivables	24.9M	19.0M	17.5M	21.8M	15.8M	17.7M
Common Stock Shares Outstanding	84.7M	84.7M	85.0M	87.7M	120.0M	91.4M
Liabilities And Stockholders Equity	175.6M	183.1M	199.4M	143.7M	165.2M	176.9M
Non Current Liabilities Total	16.2M	35.3M	94.6M	89.7M	83.5M	87.6M
Inventory	17.6M	16.0M	18.5M	22.3M	16.6M	18.4M
Other Current Assets	3.3M	4.1M	7.5M	3.8M	4.0M	3.2M
Other Stockholder Equity	8.3M	10.2M	13.2M	9.0M	10.4M	8.9M
Total Liab	50.6M	66.6M	131.7M	125.7M	117.2M	73.4M
Property Plant And Equipment Gross	62.0M	83.5M	191.8M	181.4M	170.0M	90.9M
Total Current Assets	93.0M	84.8M	103.8M	62.1M	63.5M	70.8M
Accumulated Other Comprehensive Income	(18.0M)	(17.0M)	(15.9M)	(16.1M)	(14.5M)	(13.8M)
Short Term Debt	5.3M	6.4M	9.5M	9.2M	10.6M	5.4M
Intangible Assets	8.2M	8.3M	7.4M	4.4M	2.5M	2.3M
Property Plant Equipment	62.0M	83.5M	82.6M	72.0M	82.8M	60.9M
Long Term Debt Total	3.1M	35K	5.1M	67.3M	77.4M	81.3M
Capital Surpluse	6.6M	8.3M	10.2M	13.2M	15.2M	10.2M

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 DIRTT Environmental 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, DIRTT Environmental's short interest history, or implied volatility extrapolated from DIRTT Environmental options trading.

Pair Trading with DIRTT Environmental

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 DIRTT Environmental 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 DIRTT Environmental will appreciate offsetting losses from the drop in the long position's value.

Moving together with DIRTT Stock

0.75	BRK	Berkshire Hathaway CDR	Pair Corr
0.87	JPM	JPMorgan Chase	Pair Corr
0.76	BOFA	Bank of America	Pair Corr

The ability to find closely correlated positions to DIRTT Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DIRTT Environmental 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 DIRTT Environmental - 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 DIRTT Environmental Solutions to buy it.

The correlation of DIRTT Environmental 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 DIRTT Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DIRTT Environmental 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 DIRTT Environmental 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.

Pair Correlation Correlation Matching

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DIRTT Environmental Solutions. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

Complementary Tools for DIRTT Stock analysis

When running DIRTT Environmental's price analysis, check to measure DIRTT Environmental'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 DIRTT Environmental is operating at the current time. Most of DIRTT Environmental's value examination focuses on studying past and present price action to predict the probability of DIRTT Environmental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DIRTT Environmental's price. Additionally, you may evaluate how the addition of DIRTT Environmental to your portfolios can decrease your overall portfolio volatility.

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Please note, there is a significant difference between DIRTT Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if DIRTT Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DIRTT Environmental'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.

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DIRTT Total Revenue vs Operating Income Analysis

Total Revenue vs Operating Income

Total Revenue vs Operating Income Correlation Analysis

Correlation Coefficient

Total Revenue

Operating Income

DIRTT Environmental fundamental ratios Correlations

DIRTT Environmental Account Relationship Matchups

High Positive Relationship

High Negative Relationship

DIRTT Environmental fundamental ratios Accounts

Pair Trading with DIRTT Environmental

Moving together with DIRTT Stock

Complementary Tools for DIRTT Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Net Tangible Assets	+ 0.96	Total Stockholder Equity
Non Current Assets Total	+ 0.96	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.96	Long Term Debt
Long Term Debt	+ 0.95	Short Long Term Debt Total
Non Currrent Assets Other	+ 0.94	Property Plant And Equipment Net

Non Current Liabilities Total	- 0.95	Good Will
Good Will	- 0.95	Short Long Term Debt Total
Retained Earnings	- 0.95	Short Long Term Debt Total
Non Current Liabilities Total	- 0.93	Retained Earnings
Good Will	- 0.92	Long Term Debt
Long Term Debt	- 0.91	Retained Earnings