Digital Total Current Assets vs Total Assets Analysis
| APPS Stock | USD 2.28 0.09 3.80% |
Digital Turbine financial indicator trend analysis is much more than just examining Digital Turbine latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Digital Turbine is a good investment. Please check the relationship between Digital Turbine Total Current Assets and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Digital Turbine. 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 more information on how to buy Digital Stock please use our How to Invest in Digital Turbine guide.
Total Current Assets vs Total Assets
Total Current Assets vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Digital Turbine Total Current Assets account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Digital Turbine's Total Current Assets and Total Assets is 0.98. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Assets in the same time period over historical financial statements of Digital Turbine, assuming nothing else is changed. The correlation between historical values of Digital Turbine's Total Current Assets and Total Assets 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 Digital Turbine are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Current Assets i.e., Digital Turbine's Total Current Assets and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.98 |
| 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.Total Assets
Total assets refers to the total amount of Digital Turbine assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Digital Turbine books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Digital Turbine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Digital Turbine 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Digital Turbine. 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 more information on how to buy Digital Stock please use our How to Invest in Digital Turbine guide.At this time, Digital Turbine's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 6.2 M in 2024, despite the fact that Enterprise Value Over EBITDA is likely to grow to (29.48).
| 2021 | 2022 | 2023 | 2024 (projected) | Research Development | 52.7M | 56.5M | 65.0M | 68.2M | Total Revenue | 747.6M | 665.9M | 765.8M | 804.1M |
Digital Turbine fundamental ratios Correlations
Click cells to compare fundamentals
Digital Turbine Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Digital Turbine fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 184.0M | 260.4M | 1.5B | 1.3B | 1.5B | 1.5B | |
| Other Current Liab | 2.6M | 5.6M | 204.9M | 101.6M | 116.8M | 122.7M | |
| Total Current Liabilities | 82.8M | 111.1M | 385.3M | 220.9M | 254.1M | 266.8M | |
| Total Stockholder Equity | 77.5M | 145.1M | 514.6M | 605.2M | 696.0M | 730.8M | |
| Other Liab | 1K | 4.1M | 20.0M | 22.0M | 25.3M | 26.6M | |
| Accounts Payable | 31.6M | 35.0M | 167.9M | 119.3M | 137.2M | 144.1M | |
| Cash | 21.5M | 30.8M | 126.8M | 75.1M | 86.3M | 90.6M | |
| Other Assets | 596K | 40K | 13.0M | 732K | 841.8K | 799.7K | |
| Long Term Debt | 8.0M | 18.5M | 520.8M | 410.5M | 472.1M | 495.7M | |
| Good Will | 69.3M | 80.2M | 559.8M | 561.6M | 645.8M | 678.1M | |
| Other Current Assets | 3.7M | 4.3M | 20.6M | 12.3M | 14.2M | 14.9M | |
| Total Liab | 106.6M | 115.3M | 942.3M | 659.3M | 758.2M | 796.1M | |
| Property Plant Equipment | 8.2M | 13.1M | 46.5M | 39.3M | 45.2M | 47.5M | |
| Property Plant And Equipment Net | 12.4M | 16.5M | 46.5M | 49.4M | 56.8M | 59.7M | |
| Net Debt | (1.8M) | (16.2M) | 406.5M | 335.5M | 385.8M | 405.1M | |
| Retained Earnings | (282.2M) | (227.3M) | (191.8M) | (175.1M) | (157.6M) | (165.5M) | |
| Non Current Assets Total | 125.6M | 163.0M | 1.0B | 1.0B | 1.2B | 1.2B | |
| Non Currrent Assets Other | (125.6M) | (150.0M) | 732K | 9.9M | 8.9M | 9.3M | |
| Cash And Short Term Investments | 21.5M | 30.8M | 126.8M | 75.1M | 86.3M | 90.6M | |
| Net Receivables | 33.1M | 62.0M | 263.1M | 178.2M | 204.9M | 215.2M | |
| Common Stock Shares Outstanding | 89.6M | 96.2M | 102.6M | 101.8M | 117.1M | 122.9M | |
| Liabilities And Stockholders Equity | 184.0M | 260.4M | 1.5B | 1.3B | 1.5B | 1.5B | |
| Other Stockholder Equity | 360.2M | 373.2M | 745.6M | 822.1M | 945.5M | 992.7M | |
| Property Plant And Equipment Gross | 12.4M | 16.5M | 46.5M | 49.4M | 56.8M | 59.7M | |
| Total Current Assets | 58.4M | 97.4M | 410.9M | 266.1M | 306.0M | 321.3M | |
| Accumulated Other Comprehensive Income | (591K) | (903K) | (39.3M) | (41.9M) | (37.8M) | (35.9M) | |
| Non Current Liabilities Total | 23.7M | 4.1M | 557.0M | 438.4M | 504.1M | 529.3M | |
| Inventory | 125K | 340K | 394K | 500K | 575K | 546.3K | |
| Net Tangible Assets | (35.8M) | 11.5M | (485.9M) | (336.1M) | (302.5M) | (287.4M) | |
| Retained Earnings Total Equity | (282.2M) | (227.3M) | (191.8M) | (175.1M) | (157.6M) | (165.5M) | |
| Capital Surpluse | 360.2M | 373.3M | 745.7M | 822.2M | 945.5M | 992.8M |
Pair Trading with Digital Turbine
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 Digital Turbine 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 Digital Turbine will appreciate offsetting losses from the drop in the long position's value.Moving together with Digital Stock
| 0.79 | U | Unity Software | PairCorr |
| 0.85 | AI | C3 Ai Inc Earnings Call Next Week | PairCorr |
| 0.69 | DT | Dynatrace Holdings LLC Sell-off Trend | PairCorr |
Moving against Digital Stock
| 0.73 | ML | MoneyLion | PairCorr |
| 0.63 | DOCU | DocuSign Financial Report 13th of June 2024 | PairCorr |
| 0.46 | VERX | Vertex | PairCorr |
The ability to find closely correlated positions to Digital Turbine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Digital Turbine 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 Digital Turbine - 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 Digital Turbine to buy it.
The correlation of Digital Turbine 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 Digital Turbine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Digital Turbine 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 Digital Turbine 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Digital Turbine. 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 more information on how to buy Digital Stock please use our How to Invest in Digital Turbine guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Digital Stock analysis
When running Digital Turbine's price analysis, check to measure Digital Turbine'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 Digital Turbine is operating at the current time. Most of Digital Turbine's value examination focuses on studying past and present price action to predict the probability of Digital Turbine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Digital Turbine's price. Additionally, you may evaluate how the addition of Digital Turbine to your portfolios can decrease your overall portfolio volatility.
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Is Digital Turbine'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 Digital Turbine. If investors know Digital 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 Digital Turbine 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 (0.43) | Earnings Share (1.97) | Revenue Per Share 5.707 | Quarterly Revenue Growth (0.12) | Return On Assets (0.01) |
The market value of Digital Turbine is measured differently than its book value, which is the value of Digital that is recorded on the company's balance sheet. Investors also form their own opinion of Digital Turbine's value that differs from its market value or its book value, called intrinsic value, which is Digital Turbine'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 Digital Turbine's market value can be influenced by many factors that don't directly affect Digital Turbine'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 Digital Turbine's value and its price as these two are different measures arrived at by different means. Investors typically determine if Digital Turbine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Digital Turbine'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.