DraftKings Current Deferred Revenue vs Non Current Liabilities Total Analysis

DKNG Stock

USD 45.14 1.01 2.29%

DraftKings financial indicator trend analysis is much more than just examining DraftKings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DraftKings is a good investment. Please check the relationship between DraftKings Current Deferred Revenue and its Non Current Liabilities Total accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DraftKings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.

Current Deferred Revenue vs Non Current Liabilities Total

Current Deferred Revenue vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DraftKings Current Deferred Revenue account and Non Current Liabilities Total. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between DraftKings' Current Deferred Revenue and Non Current Liabilities Total is 0.41. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of DraftKings, assuming nothing else is changed. The correlation between historical values of DraftKings' Current Deferred Revenue and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of DraftKings are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Current Deferred Revenue i.e., DraftKings' Current Deferred Revenue and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.41

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Non Current Liabilities Total

Most indicators from DraftKings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DraftKings 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 DraftKings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.The DraftKings' current Tax Provision is estimated to increase to about 13.7 M, while Selling General Administrative is projected to decrease to roughly 456.2 M.

	2021	2022	2023	2024 (projected)
Gross Profit	501.9M	756.2M	1.4B	1.4B
Total Revenue	1.3B	2.2B	3.7B	3.8B

Gross Profit Total Revenue

DraftKings fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Common Stock Shares Outstanding	Other Current Assets	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total
Other Current Liab		0.98	0.79	-0.22	-0.98	0.42	0.33	0.87	0.77	0.71	-0.77	0.96	0.8	0.84	0.54	0.85	0.14	0.16	0.64	0.86	0.97	0.64	0.99	0.87	-0.83	0.84
Total Current Liabilities	0.98		0.87	-0.09	-0.99	0.57	0.38	0.92	0.72	0.81	-0.85	0.99	0.88	0.89	0.64	0.91	0.32	0.02	0.76	0.91	0.95	0.76	0.97	0.91	-0.9	0.88
Other Liab	0.79	0.87		0.26	-0.88	0.73	0.62	0.97	0.35	0.96	-0.96	0.9	0.98	0.91	0.82	0.98	0.62	-0.32	0.91	0.97	0.78	0.91	0.75	0.97	-0.94	0.88
Net Tangible Assets	-0.22	-0.09	0.26		0.12	0.43	0.43	0.11	-0.44	0.43	-0.39	-0.06	0.32	-0.09	0.68	0.24	0.71	-0.99	0.52	0.19	-0.27	0.52	-0.21	0.16	-0.32	-0.17
Retained Earnings	-0.98	-0.99	-0.88	0.12		-0.56	-0.41	-0.94	-0.69	-0.82	0.85	-0.99	-0.88	-0.92	-0.62	-0.92	-0.31	-0.05	-0.75	-0.92	-0.96	-0.75	-0.96	-0.93	0.9	-0.92
Accounts Payable	0.42	0.57	0.73	0.43	-0.56		0.17	0.67	0.23	0.79	-0.72	0.63	0.72	0.65	0.67	0.68	0.88	-0.48	0.82	0.6	0.33	0.82	0.45	0.62	-0.71	0.63
Other Assets	0.33	0.38	0.62	0.43	-0.41	0.17		0.59	-0.26	0.67	-0.69	0.42	0.67	0.5	0.73	0.6	0.41	-0.47	0.65	0.67	0.47	0.65	0.21	0.61	-0.62	0.44
Common Stock Shares Outstanding	0.87	0.92	0.97	0.11	-0.94	0.67	0.59		0.46	0.93	-0.95	0.94	0.97	0.96	0.76	0.98	0.5	-0.18	0.87	0.99	0.87	0.87	0.82	0.99	-0.94	0.93
Other Current Assets	0.77	0.72	0.35	-0.44	-0.69	0.23	-0.26	0.46		0.25	-0.33	0.63	0.36	0.45	0.11	0.47	-0.21	0.4	0.21	0.44	0.66	0.21	0.85	0.48	-0.44	0.48
Total Current Assets	0.71	0.81	0.96	0.43	-0.82	0.79	0.67	0.93	0.25		-0.99	0.84	0.99	0.85	0.92	0.95	0.75	-0.49	0.99	0.94	0.69	0.99	0.67	0.92	-0.97	0.8
Common Stock	-0.77	-0.85	-0.96	-0.39	0.85	-0.72	-0.69	-0.95	-0.33	-0.99		-0.86	-1.0	-0.85	-0.92	-0.98	-0.64	0.46	-0.97	-0.97	-0.75	-0.97	-0.73	-0.96	0.99	-0.8
Property Plant Equipment	0.96	0.99	0.9	-0.06	-0.99	0.63	0.42	0.94	0.63	0.84	-0.86		0.9	0.93	0.66	0.92	0.4	0.0	0.79	0.92	0.93	0.79	0.93	0.92	-0.91	0.92
Total Assets	0.8	0.88	0.98	0.32	-0.88	0.72	0.67	0.97	0.36	0.99	-1.0	0.9		0.89	0.89	0.98	0.63	-0.39	0.96	0.98	0.79	0.96	0.76	0.97	-0.99	0.85
Short Long Term Debt Total	0.84	0.89	0.91	-0.09	-0.92	0.65	0.5	0.96	0.45	0.85	-0.85	0.93	0.89		0.59	0.89	0.46	0.01	0.78	0.91	0.87	0.78	0.78	0.91	-0.84	1.0
Total Stockholder Equity	0.54	0.64	0.82	0.68	-0.62	0.67	0.73	0.76	0.11	0.92	-0.92	0.66	0.89	0.59		0.84	0.73	-0.73	0.95	0.82	0.51	0.95	0.51	0.79	-0.9	0.52
Property Plant And Equipment Net	0.85	0.91	0.98	0.24	-0.92	0.68	0.6	0.98	0.47	0.95	-0.98	0.92	0.98	0.89	0.84		0.53	-0.3	0.9	0.99	0.83	0.9	0.82	0.99	-0.97	0.85
Current Deferred Revenue	0.14	0.32	0.62	0.71	-0.31	0.88	0.41	0.5	-0.21	0.75	-0.64	0.4	0.63	0.46	0.73	0.53		-0.73	0.8	0.48	0.1	0.8	0.12	0.46	-0.6	0.41
Net Debt	0.16	0.02	-0.32	-0.99	-0.05	-0.48	-0.47	-0.18	0.4	-0.49	0.46	0.0	-0.39	0.01	-0.73	-0.3	-0.73		-0.59	-0.25	0.21	-0.59	0.15	-0.23	0.39	0.1
Cash	0.64	0.76	0.91	0.52	-0.75	0.82	0.65	0.87	0.21	0.99	-0.97	0.79	0.96	0.78	0.95	0.9	0.8	-0.59		0.88	0.61	1.0	0.61	0.87	-0.95	0.72
Non Current Assets Total	0.86	0.91	0.97	0.19	-0.92	0.6	0.67	0.99	0.44	0.94	-0.97	0.92	0.98	0.91	0.82	0.99	0.48	-0.25	0.88		0.87	0.88	0.82	1.0	-0.96	0.87
Non Currrent Assets Other	0.97	0.95	0.78	-0.27	-0.96	0.33	0.47	0.87	0.66	0.69	-0.75	0.93	0.79	0.87	0.51	0.83	0.1	0.21	0.61	0.87		0.61	0.92	0.87	-0.8	0.87
Cash And Short Term Investments	0.64	0.76	0.91	0.52	-0.75	0.82	0.65	0.87	0.21	0.99	-0.97	0.79	0.96	0.78	0.95	0.9	0.8	-0.59	1.0	0.88	0.61		0.61	0.87	-0.95	0.72
Net Receivables	0.99	0.97	0.75	-0.21	-0.96	0.45	0.21	0.82	0.85	0.67	-0.73	0.93	0.76	0.78	0.51	0.82	0.12	0.15	0.61	0.82	0.92	0.61		0.83	-0.81	0.78
Good Will	0.87	0.91	0.97	0.16	-0.93	0.62	0.61	0.99	0.48	0.92	-0.96	0.92	0.97	0.91	0.79	0.99	0.46	-0.23	0.87	1.0	0.87	0.87	0.83		-0.95	0.88
Common Stock Total Equity	-0.83	-0.9	-0.94	-0.32	0.9	-0.71	-0.62	-0.94	-0.44	-0.97	0.99	-0.91	-0.99	-0.84	-0.9	-0.97	-0.6	0.39	-0.95	-0.96	-0.8	-0.95	-0.81	-0.95		-0.8
Non Current Liabilities Total	0.84	0.88	0.88	-0.17	-0.92	0.63	0.44	0.93	0.48	0.8	-0.8	0.92	0.85	1.0	0.52	0.85	0.41	0.1	0.72	0.87	0.87	0.72	0.78	0.88	-0.8

Click cells to compare fundamentals

DraftKings Account Relationship Matchups

DraftKings fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	163.0M	317.9M	528.9M	1.2B	1.5B	1.5B
Total Current Liabilities	255.1M	554.4M	929.4M	1.2B	1.5B	1.6B
Other Liab	56.9M	119.4M	155.3M	150.6M	173.2M	96.8M
Net Tangible Assets	(88.3M)	1.6B	527.9M	(340.6M)	(391.7M)	(372.1M)
Retained Earnings	(998.8M)	(1.8B)	(3.8B)	(5.1B)	(5.9B)	(5.6B)
Accounts Payable	16.6M	28.1M	52.5M	10.1M	34.1M	26.1M
Other Assets	2.4M	78.7M	45.4M	124.1M	1.0	0.95
Other Current Assets	20.8M	14.6M	25.7M	94.8M	439.9M	461.8M
Total Current Assets	261.1M	2.2B	2.8B	2.1B	2.1B	1.5B
Common Stock	390K	79K	80K	84K	85K	169.4K
Property Plant Equipment	25.9M	40.8M	109.9M	126.1M	145.0M	152.2M
Total Assets	330.7M	3.4B	4.1B	4.0B	3.9B	3.0B
Short Long Term Debt Total	75.1M	81.6M	1.3B	1.3B	1.3B	760.8M
Total Stockholder Equity	(308.0M)	2.7B	1.7B	1.3B	840.3M	1.1B
Property Plant And Equipment Net	25.9M	108.9M	109.9M	126.1M	154.7M	98.9M
Current Deferred Revenue	68.7M	195.6M	335.2M	17.4M	43.6M	41.5M
Net Debt	(1.4M)	(1.7B)	(834.3M)	15.5M	63.9M	67.1M
Cash	76.5M	1.8B	2.2B	1.3B	1.3B	1.2B
Non Current Assets Total	69.6M	1.2B	1.3B	2.0B	1.9B	1.2B
Non Currrent Assets Other	2.4M	7.6M	45.4M	155.9M	123.7M	129.9M
Cash And Short Term Investments	76.5M	1.8B	2.2B	1.3B	1.3B	1.2B
Net Receivables	19.8M	74.8M	97.8M	211.2M	349.3M	366.8M
Liabilities And Stockholders Equity	330.7M	3.4B	4.1B	4.0B	3.9B	3.0B
Non Current Liabilities Total	383.6M	188.1M	1.5B	1.5B	1.6B	980.4M
Inventory	144M	287.7M	477.0M	469.7M	540.1M	327.8M
Other Stockholder Equity	690.4M	4.5B	5.4B	6.4B	6.7B	4.5B
Total Liab	638.7M	742.5M	2.4B	2.7B	3.1B	1.8B
Net Invested Capital	(232.8M)	2.7B	2.9B	2.6B	2.1B	1.8B
Long Term Investments	2.5M	3.0M	9.8M	10.1M	10.3M	6.5M
Property Plant And Equipment Gross	25.9M	108.9M	150.3M	126.1M	230.1M	120.2M
Capital Stock	390K	79K	80K	84K	85K	146.9K
Non Current Liabilities Other	56.9M	116.1M	133.5M	70.0M	84.0M	89.4M
Net Working Capital	6.1M	1.6B	1.8B	838.4M	521.7M	897.6M
Short Term Debt	6.8M	12.8M	12.8M	4.3M	11.5M	9.5M
Intangible Assets	33.9M	555.9M	535.0M	776.9M	690.6M	478.4M

Pair Trading with DraftKings

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

The ability to find closely correlated positions to DraftKings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DraftKings 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 DraftKings - 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 DraftKings to buy it.

The correlation of DraftKings 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 DraftKings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DraftKings 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 DraftKings 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 Correlation Correlation Matching

When determining whether DraftKings is a strong investment it is important to analyze DraftKings' 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 DraftKings' future performance. For an informed investment choice regarding DraftKings Stock, refer to the following important reports:

How To Invest In DraftKings

Details

Is DraftKings Stock a good investment?

Details

What is DraftKings' Net Worth?

Details

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DraftKings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.

You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Complementary Tools for DraftKings Stock analysis

When running DraftKings' price analysis, check to measure DraftKings' 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 DraftKings is operating at the current time. Most of DraftKings' value examination focuses on studying past and present price action to predict the probability of DraftKings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DraftKings' price. Additionally, you may evaluate how the addition of DraftKings to your portfolios can decrease your overall portfolio volatility.

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Is DraftKings' 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 DraftKings. If investors know DraftKings 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 DraftKings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(1.16)

Revenue Per Share

8.71

Quarterly Revenue Growth

0.527

Return On Assets

(0.09)

Return On Equity

(0.59)

The market value of DraftKings is measured differently than its book value, which is the value of DraftKings that is recorded on the company's balance sheet. Investors also form their own opinion of DraftKings' value that differs from its market value or its book value, called intrinsic value, which is DraftKings' 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 DraftKings' market value can be influenced by many factors that don't directly affect DraftKings' 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 DraftKings' value and its price as these two are different measures arrived at by different means. Investors typically determine if DraftKings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DraftKings' 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.

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DraftKings Current Deferred Revenue vs Non Current Liabilities Total Analysis

Current Deferred Revenue vs Non Current Liabilities Total

Current Deferred Revenue vs Non Current Liabilities Total Correlation Analysis

Correlation Coefficient

Current Deferred Revenue

Non Current Liabilities Total

DraftKings fundamental ratios Correlations

DraftKings Account Relationship Matchups

High Positive Relationship

High Negative Relationship

DraftKings fundamental ratios Accounts

Pair Trading with DraftKings

Complementary Tools for DraftKings Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Good Will	+ 1.0	Non Current Assets Total
Net Receivables	+ 0.99	Other Current Liab
Property Plant Equipment	+ 0.99	Total Current Liabilities
Non Current Assets Total	+ 0.99	Common Stock Shares Outstanding

Total Assets	- 1.0	Common Stock
Common Stock Total Equity	- 0.99	Total Assets
Common Stock	- 0.99	Total Current Assets
Property Plant Equipment	- 0.99	Retained Earnings
Net Debt	- 0.99	Net Tangible Assets
Retained Earnings	- 0.99	Total Current Liabilities