DXP Income Statement Research
| DXPE Stock | USD 55.50 1.96 3.66% |
DXP |
Most accounts from DXP Enterprises' income statement are interrelated and interconnected. However, analyzing income statement accounts 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 income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out DXP Enterprises Valuation and DXP Enterprises Correlation analysis. For information on how to trade DXP Stock refer to our How to Trade DXP Stock guide.At present, DXP Enterprises' Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 1.8 B, whereas Total Other Income Expense Net is projected to grow to (49.8 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 income statement Correlations
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DXP Enterprises Account Relationship Matchups
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DXP Enterprises income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 19.5M | 20.6M | 21.1M | 29.1M | 53.1M | 55.8M | |
| Total Revenue | 1.3B | 1.0B | 1.1B | 1.5B | 1.7B | 1.8B | |
| Gross Profit | 347.2M | 279.3M | 328.5M | 422.0M | 505.3M | 530.6M | |
| Operating Income | 41.0M | 10.3M | 13.1M | 64.7M | 139.3M | 146.3M | |
| Ebit | 41.0M | 10.3M | 13.1M | 64.7M | 139.3M | 146.3M | |
| Ebitda | 66.2M | 32.9M | 40.3M | 95.0M | 166.0M | 174.3M | |
| Cost Of Revenue | 920.0M | 726.0M | 785.4M | 1.1B | 1.2B | 1.2B | |
| Income Before Tax | 46.7M | (47.5M) | 19.2M | 65.9M | 86.9M | 91.3M | |
| Net Income | 36.0M | (29.1M) | 16.5M | 48.2M | 68.8M | 72.3M | |
| Income Tax Expense | 10.9M | (18.4M) | 3.4M | 17.8M | 18.1M | 19.0M | |
| Minority Interest | (260K) | 798K | (348K) | 53K | (885K) | (840.8K) | |
| Tax Provision | 10.9M | (18.4M) | 3.4M | 17.8M | 23.7M | 24.9M | |
| Net Interest Income | (19.5M) | (20.6M) | (21.1M) | (29.1M) | (47.6M) | (45.2M) |
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
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Moving against DXP Stock
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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 DXP Enterprises Valuation and DXP Enterprises Correlation analysis. For information on how to trade DXP Stock refer to our How to Trade DXP Stock guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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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.