DXP Net Income vs Operating Income Analysis
DXPE Stock | USD 53.73 0.18 0.33% |
DXP Enterprises financial indicator trend analysis is much more than just examining DXP Enterprises latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DXP Enterprises is a good investment. Please check the relationship between DXP Enterprises Net Income and its Operating Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DXP Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For information on how to trade DXP Stock refer to our How to Trade DXP Stock guide.
Net Income vs Operating Income
Net Income vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DXP Enterprises Net Income account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between DXP Enterprises' Net Income and Operating Income is 0.92. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of DXP Enterprises, assuming nothing else is changed. The correlation between historical values of DXP Enterprises' Net Income 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 Net Income of DXP Enterprises 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 Net Income i.e., DXP Enterprises' Net Income and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in DXP Enterprises financial statement analysis. It represents the amount of money remaining after all of DXP Enterprises operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Operating Income
Operating Income is the amount of profit realized from DXP Enterprises 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 DXP Enterprises 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 DXP Enterprises' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DXP Enterprises 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 DXP Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For information on how to trade DXP Stock refer to our How to Trade DXP Stock guide.The current year's Selling General Administrative is expected to grow to about 379.3 M. The current year's Tax Provision is expected to grow to about 24.9 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 21.1M | 29.1M | 53.1M | 55.8M | Depreciation And Amortization | 27.1M | 30.3M | 26.7M | 15.0M |
DXP Enterprises fundamental ratios Correlations
Click cells to compare fundamentals
DXP Enterprises Account Relationship Matchups
High Positive Relationship
High Negative Relationship
DXP Enterprises fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 788.2M | 851.9M | 906.2M | 1.0B | 1.2B | 1.2B | |
Short Long Term Debt Total | 304.1M | 374.3M | 376.8M | 471.8M | 587.9M | 617.3M | |
Other Current Liab | 36.4M | 41.5M | 65.2M | 59.1M | 81.8M | 85.9M | |
Total Current Liabilities | 148.2M | 144.1M | 181.1M | 212.9M | 224.2M | 235.4M | |
Total Stockholder Equity | 343.8M | 347.1M | 358.6M | 365.4M | 380.9M | 399.9M | |
Property Plant And Equipment Net | 129.9M | 112.1M | 109.1M | 103.4M | 110.3M | 115.9M | |
Net Debt | 249.9M | 257.0M | 327.8M | 425.8M | 414.7M | 435.4M | |
Retained Earnings | 205.7M | 176.6M | 202.5M | 250.5M | 319.3M | 335.2M | |
Accounts Payable | 76.4M | 75.7M | 77.8M | 100.8M | 96.5M | 57.2M | |
Cash | 54.2M | 117.4M | 49.0M | 46.0M | 173.2M | 181.9M | |
Non Current Assets Total | 379.7M | 445.3M | 501.6M | 521.2M | 528.9M | 555.3M | |
Non Currrent Assets Other | 3.2M | 4.8M | 4.8M | (436K) | 10.6M | 11.2M | |
Cash And Short Term Investments | 54.2M | 117.4M | 49.0M | 46.0M | 173.2M | 181.9M | |
Net Receivables | 220.6M | 187.5M | 245.1M | 347.0M | 353.5M | 371.2M | |
Common Stock Shares Outstanding | 18.4M | 19.2M | 19.8M | 19.5M | 17.7M | 15.2M | |
Liabilities And Stockholders Equity | 788.2M | 851.9M | 906.2M | 1.0B | 1.2B | 1.2B | |
Non Current Liabilities Total | 295.1M | 359.9M | 366.4M | 459.0M | 572.4M | 601.0M | |
Inventory | 129.4M | 97.1M | 100.9M | 101.4M | 103.8M | 76.8M | |
Other Current Assets | 4.2M | 4.5M | 9.5M | 21.6M | 18.0M | 18.9M | |
Other Stockholder Equity | 157.9M | 192.1M | 173.3M | 146.2M | 92.5M | 77.6M | |
Total Liab | 443.3M | 504.0M | 547.5M | 671.9M | 796.6M | 836.4M | |
Property Plant And Equipment Gross | 129.9M | 112.1M | 109.1M | 103.4M | 209.7M | 220.2M | |
Total Current Assets | 408.5M | 406.6M | 404.6M | 516.1M | 648.6M | 681.0M | |
Accumulated Other Comprehensive Income | (20.0M) | (21.8M) | (17.3M) | (31.7M) | (31.2M) | (29.7M) | |
Short Term Debt | 20.1M | 19.2M | 21.5M | 22.5M | 24.3M | 15.0M | |
Intangible Assets | 52.6M | 80.1M | 79.2M | 79.6M | 63.9M | 52.6M | |
Other Assets | 3.2M | 60.0M | 4.8M | 4.5M | 1.0 | 0.95 | |
Long Term Debt | 237.0M | 235.4M | 317.1M | 409.2M | 520.7M | 546.7M | |
Property Plant Equipment | 63.7M | 112.1M | 56.9M | 46.0M | 52.9M | 40.5M | |
Current Deferred Revenue | 15.3M | 7.7M | 16.5M | 30.5M | 21.7M | 22.7M | |
Net Tangible Assets | 97.2M | 18.6M | 18.5M | (48.0M) | (43.2M) | (41.0M) | |
Retained Earnings Total Equity | 205.7M | 176.6M | 186.1M | 250.5M | 288.1M | 171.5M | |
Long Term Debt Total | 237.0M | 235.4M | 317.1M | 409.2M | 470.6M | 293.0M | |
Capital Surpluse | 156.2M | 157.9M | 192.1M | 213.9M | 246.0M | 159.7M | |
Deferred Long Term Liab | 8.6M | 9.9M | 1.8M | 4.9M | 4.4M | 4.7M |
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
0.61 | WCC-PA | WESCO International | PairCorr |
0.78 | FAST | Fastenal Fiscal Quarter End 31st of March 2024 | PairCorr |
0.8 | FERG | Ferguson Plc Financial Report 4th of June 2024 | PairCorr |
Moving against DXP Stock
0.87 | AZ | A2Z Smart Technologies | PairCorr |
0.59 | TITN | Titan Machinery Financial Report 23rd of May 2024 | PairCorr |
0.57 | BA | Boeing Fiscal Quarter End 31st of March 2024 | PairCorr |
0.41 | BE | Bloom Energy Corp Financial Report 14th of May 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DXP Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For information on how to trade DXP Stock refer to our How to Trade DXP Stock guide.You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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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.