Dover Depreciation And Amortization vs Operating Income Analysis

DOV Stock

USD 189.12 2.06 1.08%

Dover financial indicator trend analysis is much more than just examining Dover latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dover is a good investment. Please check the relationship between Dover Depreciation And Amortization and its Operating Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dover. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Dover Stock please use our How to Invest in Dover guide.

Depreciation And Amortization vs Operating Income

Depreciation And Amortization vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dover Depreciation And Amortization account and Operating Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Dover's Depreciation And Amortization and Operating Income is 0.69. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Operating Income in the same time period over historical financial statements of Dover, assuming nothing else is changed. The correlation between historical values of Dover's Depreciation And Amortization and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Dover are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Depreciation And Amortization i.e., Dover's Depreciation And Amortization and Operating Income go up and down completely randomly.

Correlation Coefficient

0.69

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Operating Income

Operating Income is the amount of profit realized from Dover operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Dover is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

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

For more information on how to buy Dover Stock please use our How to Invest in Dover guide.At this time, Dover's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 15.15 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.6 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	3.0B	3.1B	3.1B	2.1B
Total Revenue	7.9B	8.5B	8.4B	5.8B

Gross Profit Total Revenue

Dover fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock
Total Assets		0.76	0.93	0.84	0.91	0.95	0.61	0.7	0.41	0.99	0.36	0.41	0.97	-0.8	0.92	0.86	0.64	-0.53	0.95	0.95	0.41	0.88	0.77	0.35	0.46	0.46
Short Long Term Debt Total	0.76		0.74	0.82	0.55	0.67	0.96	0.94	0.01	0.77	0.5	0.02	0.81	-0.93	0.74	0.72	0.58	-0.86	0.82	0.67	0.46	0.76	0.77	0.56	0.67	0.88
Other Current Liab	0.93	0.74		0.87	0.8	0.84	0.64	0.74	0.25	0.92	0.47	0.25	0.92	-0.81	0.85	0.91	0.6	-0.64	0.91	0.89	0.33	0.74	0.84	0.51	0.56	0.5
Total Current Liabilities	0.84	0.82	0.87		0.63	0.7	0.78	0.75	0.03	0.84	0.34	0.02	0.89	-0.8	0.75	0.91	0.54	-0.72	0.89	0.78	0.66	0.69	0.86	0.55	0.56	0.54
Total Stockholder Equity	0.91	0.55	0.8	0.63		0.95	0.36	0.57	0.63	0.87	0.36	0.63	0.83	-0.55	0.7	0.75	0.53	-0.25	0.72	0.93	0.35	0.83	0.47	0.37	0.42	0.33
Property Plant And Equipment Net	0.95	0.67	0.84	0.7	0.95		0.49	0.64	0.55	0.94	0.41	0.55	0.9	-0.68	0.83	0.75	0.53	-0.38	0.83	0.93	0.34	0.88	0.61	0.31	0.38	0.45
Net Debt	0.61	0.96	0.64	0.78	0.36	0.49		0.9	-0.27	0.65	0.46	-0.26	0.7	-0.89	0.64	0.67	0.45	-0.92	0.74	0.49	0.43	0.63	0.77	0.59	0.69	0.87
Retained Earnings	0.7	0.94	0.74	0.75	0.57	0.64	0.9		0.0	0.69	0.57	0.01	0.76	-0.89	0.62	0.76	0.59	-0.89	0.71	0.67	0.31	0.63	0.72	0.76	0.78	0.93
Cash	0.41	0.01	0.25	0.03	0.63	0.55	-0.27	0.0		0.34	0.07	1.0	0.31	0.0	0.26	0.1	0.4	0.33	0.19	0.57	0.06	0.36	-0.09	-0.18	-0.15	-0.07
Non Current Assets Total	0.99	0.77	0.92	0.84	0.87	0.94	0.65	0.69	0.34		0.37	0.34	0.96	-0.82	0.94	0.85	0.59	-0.55	0.96	0.91	0.4	0.89	0.78	0.32	0.46	0.47
Non Currrent Assets Other	0.36	0.5	0.47	0.34	0.36	0.41	0.46	0.57	0.07	0.37		0.08	0.32	-0.46	0.27	0.29	-0.04	-0.44	0.32	0.31	0.16	0.38	0.25	0.39	0.59	0.62
Cash And Short Term Investments	0.41	0.02	0.25	0.02	0.63	0.55	-0.26	0.01	1.0	0.34	0.08		0.31	0.0	0.26	0.09	0.4	0.33	0.18	0.57	0.06	0.36	-0.09	-0.17	-0.14	-0.06
Net Receivables	0.97	0.81	0.92	0.89	0.83	0.9	0.7	0.76	0.31	0.96	0.32	0.31		-0.86	0.91	0.9	0.68	-0.64	0.96	0.94	0.43	0.82	0.85	0.42	0.49	0.54
Common Stock Shares Outstanding	-0.8	-0.93	-0.81	-0.8	-0.55	-0.68	-0.89	-0.89	0.0	-0.82	-0.46	0.0	-0.86		-0.86	-0.78	-0.67	0.9	-0.89	-0.71	-0.24	-0.67	-0.88	-0.47	-0.62	-0.79
Non Current Liabilities Total	0.92	0.74	0.85	0.75	0.7	0.83	0.64	0.62	0.26	0.94	0.27	0.26	0.91	-0.86		0.73	0.64	-0.58	0.97	0.8	0.22	0.79	0.83	0.13	0.32	0.44
Inventory	0.86	0.72	0.91	0.91	0.75	0.75	0.67	0.76	0.1	0.85	0.29	0.09	0.9	-0.78	0.73		0.58	-0.68	0.85	0.85	0.45	0.66	0.8	0.67	0.57	0.5
Other Current Assets	0.64	0.58	0.6	0.54	0.53	0.53	0.45	0.59	0.4	0.59	-0.04	0.4	0.68	-0.67	0.64	0.58		-0.53	0.64	0.71	0.08	0.44	0.63	0.29	0.34	0.44
Other Stockholder Equity	-0.53	-0.86	-0.64	-0.72	-0.25	-0.38	-0.92	-0.89	0.33	-0.55	-0.44	0.33	-0.64	0.9	-0.58	-0.68	-0.53		-0.68	-0.45	-0.2	-0.38	-0.82	-0.64	-0.7	-0.83
Total Liab	0.95	0.82	0.91	0.89	0.72	0.83	0.74	0.71	0.19	0.96	0.32	0.18	0.96	-0.89	0.97	0.85	0.64	-0.68		0.84	0.4	0.8	0.9	0.3	0.43	0.51
Total Current Assets	0.95	0.67	0.89	0.78	0.93	0.93	0.49	0.67	0.57	0.91	0.31	0.57	0.94	-0.71	0.8	0.85	0.71	-0.45	0.84		0.41	0.78	0.67	0.41	0.44	0.43
Short Term Debt	0.41	0.46	0.33	0.66	0.35	0.34	0.43	0.31	0.06	0.4	0.16	0.06	0.43	-0.24	0.22	0.45	0.08	-0.2	0.4	0.41		0.5	0.24	0.29	0.29	0.23
Intangible Assets	0.88	0.76	0.74	0.69	0.83	0.88	0.63	0.63	0.36	0.89	0.38	0.36	0.82	-0.67	0.79	0.66	0.44	-0.38	0.8	0.78	0.5		0.54	0.28	0.39	0.51
Accounts Payable	0.77	0.77	0.84	0.86	0.47	0.61	0.77	0.72	-0.09	0.78	0.25	-0.09	0.85	-0.88	0.83	0.8	0.63	-0.82	0.9	0.67	0.24	0.54		0.4	0.46	0.54
Property Plant And Equipment Gross	0.35	0.56	0.51	0.55	0.37	0.31	0.59	0.76	-0.18	0.32	0.39	-0.17	0.42	-0.47	0.13	0.67	0.29	-0.64	0.3	0.41	0.29	0.28	0.4		0.71	0.66
Common Stock Total Equity	0.46	0.67	0.56	0.56	0.42	0.38	0.69	0.78	-0.15	0.46	0.59	-0.14	0.49	-0.62	0.32	0.57	0.34	-0.7	0.43	0.44	0.29	0.39	0.46	0.71		0.66
Common Stock	0.46	0.88	0.5	0.54	0.33	0.45	0.87	0.93	-0.07	0.47	0.62	-0.06	0.54	-0.79	0.44	0.5	0.44	-0.83	0.51	0.43	0.23	0.51	0.54	0.66	0.66

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Dover Account Relationship Matchups

Dover fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.7B	9.2B	10.4B	10.9B	11.3B	6.5B
Short Long Term Debt Total	3.1B	3.2B	3.1B	3.7B	3.7B	3.9B
Other Current Liab	637.9M	651.2M	843.5M	712.4M	812.9M	513.2M
Total Current Liabilities	1.7B	1.7B	2.3B	2.8B	2.5B	1.4B
Total Stockholder Equity	3.0B	3.4B	4.2B	4.3B	5.1B	3.0B
Property Plant And Equipment Net	842.3M	897.3M	957.3M	1.0B	1.0B	749.7M
Net Debt	2.7B	2.6B	2.7B	3.3B	3.3B	3.4B
Retained Earnings	8.2B	8.6B	9.4B	10.2B	11.0B	11.5B
Cash	397.3M	513.1M	385.5M	380.9M	398.6M	403.0M
Non Current Assets Total	6.1B	6.5B	7.3B	7.5B	8.0B	4.3B
Non Currrent Assets Other	440.4M	479.2M	466.3M	89.9M	560.9M	588.9M
Cash And Short Term Investments	397.3M	513.1M	385.5M	380.9M	398.6M	420.8M
Net Receivables	1.2B	1.1B	1.3B	1.5B	1.4B	958.3M
Common Stock Shares Outstanding	147.0M	145.4M	145.3M	143.6M	140.6M	161.7M
Liabilities And Stockholders Equity	8.7B	9.2B	10.4B	10.9B	11.3B	6.5B
Non Current Liabilities Total	3.9B	4.0B	4.0B	3.8B	3.7B	2.1B
Inventory	806.1M	835.8M	1.2B	1.4B	1.2B	702.4M
Other Current Assets	127.8M	133.1M	137.6M	159.1M	141.5M	111.6M
Other Stockholder Equity	(5.2B)	(5.3B)	(5.4B)	(5.9B)	(5.9B)	(5.6B)
Total Liab	5.6B	5.8B	6.2B	6.6B	6.2B	3.5B
Total Current Assets	2.5B	2.6B	3.1B	3.4B	3.4B	2.2B
Short Term Debt	84.7M	48.8M	105.7M	735.8M	517.1M	315.7M
Intangible Assets	1.1B	1.1B	1.4B	1.3B	1.5B	1.2B
Accounts Payable	983.3M	853.9M	1.1B	1.1B	958.5M	549.0M
Property Plant And Equipment Gross	842.3M	897.3M	2.5B	2.6B	2.7B	2.8B
Accumulated Other Comprehensive Income	(216.0M)	(153.3M)	(154.1M)	(266.2M)	(237.9M)	(249.8M)
Common Stock Total Equity	258.6M	259.0M	259.5M	259.6M	298.6M	273.9M
Common Stock	258.6M	259.0M	259.5M	259.6M	259.8M	274.4M
Other Liab	771.8M	918.7M	945.0M	722.4M	830.8M	712.8M
Other Assets	285.3M	479.2M	44.3M	624.1M	717.7M	391.5M
Long Term Debt	3.0B	3.1B	3.0B	2.9B	3.0B	2.3B
Good Will	3.8B	4.1B	4.6B	4.7B	4.9B	3.8B
Treasury Stock	(6.1B)	(6.2B)	(6.2B)	(6.8B)	(6.1B)	(5.8B)
Property Plant Equipment	842.3M	897.3M	957.3M	1.0B	1.2B	970.8M
Current Deferred Revenue	44.0M	184.8M	227.5M	256.9M	211.3M	148.7M
Retained Earnings Total Equity	8.2B	8.6B	9.4B	10.2B	11.8B	7.6B
Deferred Long Term Liab	322.0M	298.4M	364.1M	375.2M	431.4M	422.8M
Net Tangible Assets	(1.8B)	(1.8B)	(1.7B)	(1.7B)	(1.5B)	(1.6B)

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