Danaos Asset Turnover from 2010 to 2023
| DAC Stock | USD 65.34 0.57 0.86% |
Check Danaos financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Danaos main balance sheet or income statement drivers, such as Consolidated Income of 603.4 M, Cost of Revenue of 179.8 M or Earning Before Interest and Taxes EBIT of 690.1 M, as well as many exotic indicators such as Asset Turnover of 0.24, Book Value per Share of 111 or Current Ratio of 1.76. Danaos financial statements analysis is a perfect complement when working with Danaos Valuation or Volatility modules.
Danaos | Asset Turnover |
Danaos Asset Turnover Breakdown
Showing smoothed Asset Turnover of Danaos with missing and latest data points interpolated. Asset turnover is a measure of a firms operating efficiency; calculated by dividing Revenues by Average Assets. Often a component of DuPont ROE analysis. Danaos' Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Danaos' overall financial position and show how it may be relating to other accounts over time.
| Asset Turnover | 10 Years Trend |
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Asset Turnover |
| Timeline |
Danaos Asset Turnover Regression Statistics
| Arithmetic Mean | 0.17 | |
| Geometric Mean | 0.16 | |
| Coefficient Of Variation | 24.99 | |
| Mean Deviation | 0.030693 | |
| Median | 0.15 | |
| Standard Deviation | 0.041902 | |
| Sample Variance | 0.001756 | |
| Range | 0.13 | |
| R-Value | 0.83 | |
| Mean Square Error | 0.00058642 | |
| R-Squared | 0.69 | |
| Significance | 0.00022609 | |
| Slope | 0.00833 | |
| Total Sum of Squares | 0.022825 |
Danaos Asset Turnover History
About Danaos Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Danaos income statement, its balance sheet, and the statement of cash flows. Danaos investors use historical funamental indicators, such as Danaos's Asset Turnover, to determine how well the company is positioned to perform in the future. Although Danaos investors may use each financial statement separately, they are all related. The changes in Danaos's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Danaos's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Danaos Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Danaos. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for 2023 | ||
| Asset Turnover | 0.27 | 0.24 | |
| Average Assets | 3.7 B | 3.4 B | |
| Tangible Asset Value | 3.4 B | 3.2 B |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Danaos without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
Pair Trading with Danaos
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 Danaos 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 Danaos will appreciate offsetting losses from the drop in the long position's value.Moving together with Danaos Stock
| + | 0.71 | SB | Safe Bulkers | Report 8th of November 2023 | PairCorr | |
| + | 0.64 | EGLE | Eagle Bulk Shipping | Report 2nd of November 2023 | PairCorr |
The ability to find closely correlated positions to Danaos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danaos 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 Danaos - 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 Danaos to buy it.
The correlation of Danaos is a statistical measure of how it moves in relation to other equities. 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 Danaos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danaos 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 Danaos 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 the analysis of Danaos Correlation against competitors. For information on how to trade Danaos Stock refer to our How to Trade Danaos Stock guide. Note that the Danaos information on this page should be used as a complementary analysis to other Danaos' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Danaos Stock analysis
When running Danaos' price analysis, check to measure Danaos' 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 Danaos is operating at the current time. Most of Danaos' value examination focuses on studying past and present price action to predict the probability of Danaos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Danaos' price. Additionally, you may evaluate how the addition of Danaos to your portfolios can decrease your overall portfolio volatility.
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Is Danaos' 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 Danaos. If investors know Danaos 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 Danaos 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 17.415 | Dividend Share 3 | Earnings Share 25.39 | Revenue Per Share 49.281 | Quarterly Revenue Growth (0.038) |
The market value of Danaos is measured differently than its book value, which is the value of Danaos that is recorded on the company's balance sheet. Investors also form their own opinion of Danaos' value that differs from its market value or its book value, called intrinsic value, which is Danaos' 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 Danaos' market value can be influenced by many factors that don't directly affect Danaos' 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 Danaos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Danaos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Danaos' 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.