Delta Gross Profit vs Cost of Revenue Analysis

DAL Stock  USD 47.31  1.38  3.00%   
Delta Air financial indicator trend analysis is much more than just examining Delta Air Lines latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Delta Air Lines is a good investment. Please check the relationship between Delta Air Gross Profit and its Cost Of Revenue accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delta Air Lines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

Gross Profit vs Cost Of Revenue

Gross Profit vs Cost of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Delta Air Lines Gross Profit account and Cost of Revenue. At this time, the significance of the direction appears to have weak relationship.
The correlation between Delta Air's Gross Profit and Cost of Revenue is 0.38. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Cost of Revenue in the same time period over historical financial statements of Delta Air Lines, assuming nothing else is changed. The correlation between historical values of Delta Air's Gross Profit and Cost of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Delta Air Lines are associated (or correlated) with its Cost of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost of Revenue has no effect on the direction of Gross Profit i.e., Delta Air's Gross Profit and Cost of Revenue go up and down completely randomly.

Correlation Coefficient

0.38
Relationship DirectionPositive 
Relationship StrengthVery Weak

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Delta Air Lines minus its cost of goods sold. It is profit before Delta Air operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Cost Of Revenue

Cost of Revenue is found on Delta Air Lines income statement and represents the costs associated with goods and services Delta Air provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from Delta Air's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Delta Air Lines 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 Delta Air Lines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
At this time, Delta Air's Selling General Administrative is quite stable compared to the past year. Enterprise Value Multiple is expected to rise to 6.96 this year, although the value of Tax Provision will most likely fall to about 731.5 M.
 2021 2022 2023 2024 (projected)
Interest Expense1.3B1.0B834M1.0B
Depreciation And Amortization2.0B2.1B2.3B1.4B

Delta Air fundamental ratios Correlations

0.810.690.920.360.940.820.250.570.98-0.160.540.750.330.720.790.610.40.950.820.690.090.770.740.670.44
0.810.430.68-0.120.80.99-0.130.770.76-0.080.780.42-0.050.80.490.530.080.910.710.690.160.570.620.320.72
0.690.430.720.60.690.460.590.170.65-0.780.180.730.050.250.790.090.040.530.640.54-0.590.390.690.320.17
0.920.680.720.460.950.730.320.260.95-0.150.250.890.240.470.850.70.30.830.90.460.140.620.770.570.19
0.36-0.120.60.460.42-0.070.94-0.290.43-0.38-0.350.550.11-0.250.580.040.060.040.39-0.03-0.310.140.340.25-0.42
0.940.80.690.950.420.840.340.40.97-0.170.370.790.110.560.830.660.210.870.920.490.110.620.750.50.27
0.820.990.460.73-0.070.84-0.10.660.78-0.090.680.49-0.080.740.540.580.050.90.770.620.170.540.650.30.65
0.25-0.130.590.320.940.34-0.1-0.250.3-0.47-0.30.42-0.11-0.290.44-0.18-0.17-0.060.3-0.04-0.450.030.290.08-0.35
0.570.770.170.26-0.290.40.66-0.250.45-0.030.980.020.150.870.140.130.230.70.220.820.050.610.380.370.85
0.980.760.650.950.430.970.780.30.45-0.090.420.780.320.630.810.680.40.910.860.560.170.730.720.660.3
-0.16-0.08-0.78-0.15-0.38-0.17-0.09-0.47-0.03-0.09-0.05-0.220.270.06-0.390.440.31-0.04-0.18-0.330.950.06-0.310.14-0.1
0.540.780.180.25-0.350.370.68-0.30.980.42-0.050.010.130.880.110.120.190.70.190.850.020.590.40.340.94
0.750.420.730.890.550.790.490.420.020.78-0.220.010.250.260.790.490.270.620.740.360.010.480.680.49-0.04
0.33-0.050.050.240.110.11-0.08-0.110.150.320.270.130.250.440.280.30.970.32-0.070.360.240.70.20.880.01
0.720.80.250.47-0.250.560.74-0.290.870.630.060.880.260.440.340.390.530.850.340.860.180.850.570.680.78
0.790.490.790.850.580.830.540.440.140.81-0.390.110.790.280.340.550.370.640.730.41-0.160.560.770.550.02
0.610.530.090.70.040.660.58-0.180.130.680.440.120.490.30.390.550.440.640.670.090.670.470.40.480.08
0.40.080.040.30.060.210.05-0.170.230.40.310.190.270.970.530.370.440.410.030.380.310.750.280.90.05
0.950.910.530.830.040.870.9-0.060.70.91-0.040.70.620.320.850.640.640.410.740.750.20.770.670.630.61
0.820.710.640.90.390.920.770.30.220.86-0.180.190.74-0.070.340.730.670.030.740.280.120.380.580.30.13
0.690.690.540.46-0.030.490.62-0.040.820.56-0.330.850.360.360.860.410.090.380.750.28-0.230.760.640.580.8
0.090.16-0.590.14-0.310.110.17-0.450.050.170.950.020.010.240.18-0.160.670.310.20.12-0.230.17-0.120.22-0.03
0.770.570.390.620.140.620.540.030.610.730.060.590.480.70.850.560.470.750.770.380.760.170.740.930.47
0.740.620.690.770.340.750.650.290.380.72-0.310.40.680.20.570.770.40.280.670.580.64-0.120.740.580.36
0.670.320.320.570.250.50.30.080.370.660.140.340.490.880.680.550.480.90.630.30.580.220.930.580.2
0.440.720.170.19-0.420.270.65-0.350.850.3-0.10.94-0.040.010.780.020.080.050.610.130.8-0.030.470.360.2
Click cells to compare fundamentals

Delta Air Account Relationship Matchups

Delta Air fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets64.5B72.1B72.5B72.3B73.6B77.3B
Short Long Term Debt Total17.3B35.5B34.6B30.6B27.3B28.6B
Other Current Liab10.6B8.9B11.5B14.3B14.3B15.0B
Total Current Liabilities20.2B15.9B21.0B25.9B26.4B27.7B
Total Stockholder Equity15.4B1.4B3.6B6.5B11.1B11.7B
Property Plant And Equipment Net36.9B32.3B35.9B40.1B42.5B44.6B
Net Debt14.4B27.2B26.7B27.3B24.5B25.8B
Retained Earnings12.5B(428M)(148M)1.2B5.7B5.9B
Cash2.9B8.3B7.9B3.3B2.7B2.4B
Non Current Assets Total56.3B54.6B56.5B59.3B63.4B66.5B
Non Currrent Assets Other4.4B2.9B1.8B907M784M744.8M
Cash And Short Term Investments2.9B14.1B11.3B6.5B3.9B3.1B
Net Receivables2.9B1.4B2.4B3.2B3.1B3.3B
Common Stock Shares Outstanding694M653M636M641M643M415.5M
Liabilities And Stockholders Equity64.5B72.1B72.5B72.3B73.6B77.3B
Non Current Liabilities Total28.9B54.8B47.9B39.9B36.1B21.0B
Inventory1.3B732M1.1B1.4B1.3B1.4B
Other Current Assets1.3B1.2B1.1B1.9B2.0B2.1B
Other Stockholder Equity11.0B10.8B10.9B11.1B11.3B7.7B
Total Liab49.1B70.7B68.8B65.8B62.5B65.7B
Property Plant And Equipment Gross36.9B32.3B35.9B40.1B64.2B67.4B
Total Current Assets8.2B17.4B15.9B13.0B10.3B6.3B
Accumulated Other Comprehensive Income(8.0B)(9.0B)(7.1B)(5.8B)(5.8B)(6.1B)
Short Term Debt3.1B2.4B2.5B3.1B3.7B3.9B
Intangible Assets5.2B6.0B6.0B6.0B6.0B3.1B
Accounts Payable3.3B2.8B4.2B5.1B4.4B2.4B
Short Term Investments12M5.8B3.4B3.3B1.1B961.4M
Common Stock15.4B1.4B3.6B652K749.8K712.3K
Other Liab14.8B21.6B15.7B12.2B14.1B15.8B
Other Assets4.3B5.0B3.1B1.2B1.4B2.6B
Long Term Debt8.9B27.4B25.1B20.7B17.1B12.9B
Treasury Stock(198M)(236M)(259M)(282M)(360.0M)(377.9M)
Property Plant Equipment35.9B32.3B35.9B40.1B46.2B24.5B
Current Deferred Revenue3.2B1.8B2.7B3.4B3.9B2.3B
Net Tangible Assets414M(14.2B)(12.1B)(9.2B)(8.2B)(7.8B)
Retained Earnings Total Equity12.5B(428M)(148M)1.2B1.3B2.5B
Long Term Debt Total8.9B27.4B25.1B20.7B23.8B13.9B
Capital Surpluse11.1B11.3B11.4B11.5B10.4B9.9B

Pair Trading with Delta Air

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 Delta Air 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 Delta Air will appreciate offsetting losses from the drop in the long position's value.

Moving together with Delta Stock

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The ability to find closely correlated positions to Delta Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Delta Air 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 Delta Air - 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 Delta Air Lines to buy it.
The correlation of Delta Air 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 Delta Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Delta Air Lines 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 Delta Air 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 CorrelationCorrelation Matching
When determining whether Delta Air Lines is a strong investment it is important to analyze Delta Air's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Delta Air's future performance. For an informed investment choice regarding Delta Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delta Air Lines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Delta Air Lines information on this page should be used as a complementary analysis to other Delta Air's 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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Is Delta Air'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 Delta Air. If investors know Delta 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 Delta Air 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
1.436
Dividend Share
0.3
Earnings Share
7.17
Revenue Per Share
90.842
Quarterly Revenue Growth
0.059
The market value of Delta Air Lines is measured differently than its book value, which is the value of Delta that is recorded on the company's balance sheet. Investors also form their own opinion of Delta Air's value that differs from its market value or its book value, called intrinsic value, which is Delta Air'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 Delta Air's market value can be influenced by many factors that don't directly affect Delta Air'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 Delta Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Delta Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Delta Air'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.