Dril Non Currrent Assets Other vs Total Assets Analysis
DRQ Stock | USD 19.25 0.10 0.52% |
Dril Quip financial indicator trend analysis is much more than just examining Dril Quip latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dril Quip is a good investment. Please check the relationship between Dril Quip Non Currrent Assets Other and its Total Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dril Quip. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Dril Stock, please use our How to Invest in Dril Quip guide.
Non Currrent Assets Other vs Total Assets
Non Currrent Assets Other vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dril Quip Non Currrent Assets Other account and Total Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Dril Quip's Non Currrent Assets Other and Total Assets is 0.18. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Assets in the same time period over historical financial statements of Dril Quip, assuming nothing else is changed. The correlation between historical values of Dril Quip's Non Currrent Assets Other 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 Non Currrent Assets Other of Dril Quip 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 Non Currrent Assets Other i.e., Dril Quip's Non Currrent Assets Other and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.18 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Total Assets
Total assets refers to the total amount of Dril Quip 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 Dril Quip 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 Dril Quip's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dril Quip 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 Dril Quip. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Dril Stock, please use our How to Invest in Dril Quip guide.At this time, Dril Quip's Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 05/18/2024, Enterprise Value Multiple is likely to grow to 20.49, while Selling General Administrative is likely to drop slightly above 68.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 80.6M | 96.1M | 115.4M | 172.9M | Total Revenue | 322.9M | 362.1M | 424.1M | 463.5M |
Dril Quip fundamental ratios Correlations
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Dril Quip Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dril Quip fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.2B | 1.2B | 1.0B | 972.5M | 1.0B | 871.5M | |
Other Current Liab | 42.4M | 35.6M | 47.6M | 39.0M | 42.1M | 26.8M | |
Total Current Liabilities | 96.9M | 85.5M | 93.7M | 87.6M | 117.7M | 97.5M | |
Total Stockholder Equity | 1.1B | 1.0B | 897.1M | 874.9M | 881.3M | 755.2M | |
Property Plant And Equipment Net | 258.5M | 241.8M | 216.2M | 181.3M | 235.1M | 204.4M | |
Net Debt | (393.8M) | (339M) | (350.2M) | (259.9M) | (173.6M) | (182.3M) | |
Retained Earnings | 1.2B | 1.1B | 973.1M | 952.7M | 950.7M | 715.4M | |
Accounts Payable | 46.3M | 37.4M | 35.2M | 43.0M | 65.7M | 34.7M | |
Cash | 398.9M | 346.0M | 355.5M | 264.8M | 191.4M | 216.5M | |
Non Current Assets Total | 326.1M | 288.0M | 264.9M | 219.9M | 308.5M | 228.7M | |
Non Currrent Assets Other | 67.6M | 11.0M | 48.7M | 10.8M | 5.8M | 5.5M | |
Cash And Short Term Investments | 398.9M | 346.0M | 355.5M | 297.0M | 217.3M | 218.8M | |
Net Receivables | 248.2M | 256.5M | 203.6M | 91.5M | 284.0M | 172.5M | |
Common Stock Shares Outstanding | 36.2M | 35.3M | 35.3M | 34.2M | 34.5M | 40.3M | |
Liabilities And Stockholders Equity | 1.2B | 1.2B | 1.0B | 972.5M | 1.0B | 871.5M | |
Non Current Liabilities Total | 18.9M | 24.1M | 19.7M | 10.0M | 29.2M | 30.7M | |
Inventory | 205.1M | 212.5M | 145.7M | 146.0M | 194.6M | 212.2M | |
Other Current Assets | 481.5M | 48.2M | 390.1M | 455.6M | 23.8M | 22.6M | |
Other Stockholder Equity | 52.9M | 65.6M | 80.3M | 90.5M | 100.3M | 70.0M | |
Total Liab | 115.9M | 109.6M | 113.3M | 97.6M | 146.9M | 116.3M | |
Property Plant And Equipment Gross | 263.6M | 241.8M | 641.3M | 597.0M | 673.8M | 707.4M | |
Total Current Assets | 880.5M | 863.2M | 745.5M | 752.6M | 719.7M | 642.7M | |
Accumulated Other Comprehensive Income | (143.6M) | (149.7M) | (156.6M) | (168.6M) | (170.1M) | (161.6M) | |
Short Term Debt | 1.3M | 1.1M | 1.0M | 1.1M | 2.3M | 2.2M | |
Common Stock Total Equity | 371K | 363K | 352K | 343K | 394.5K | 357.0K | |
Common Stock | 371K | 363K | 352K | 343K | 394.5K | 357.8K | |
Other Assets | 22.0M | 23.7M | 17.0M | 455.6M | 523.9M | 550.1M | |
Property Plant Equipment | 258.5M | 234.8M | 216.2M | 181.3M | 208.5M | 227.8M | |
Current Deferred Revenue | 6.9M | 11.3M | 9.7M | 4.5M | 7.6M | 7.2M | |
Net Tangible Assets | 1.1B | 1.0B | 870.7M | 851.6M | 766.4M | 859.7M | |
Retained Earnings Total Equity | 1.2B | 1.1B | 973.1M | 952.7M | 1.1B | 1.2B | |
Long Term Debt Total | 224K | 93K | 52K | 98K | 112.7K | 72.2K | |
Capital Surpluse | 52.9M | 65.6M | 80.3M | 90.5M | 81.4M | 70.1M | |
Deferred Long Term Liab | 4.2M | 6.8M | 3.9M | 3.8M | 3.4M | 4.6M | |
Intangible Assets | 32.2M | 29.4M | 26.4M | 23.3M | 41.9M | 44.0M | |
Other Liab | 14.9M | 24.1M | 15.4M | 6.1M | 7.1M | 11.3M | |
Non Current Liabilities Other | 14.8M | 17.4M | 15.7M | 6.3M | 3.8M | 3.6M | |
Cash And Equivalents | 398.9M | 346.0M | 355.5M | 264.8M | 238.3M | 308.6M |
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Try AI Portfolio ArchitectCheck out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dril Quip. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Dril Stock, please use our How to Invest in Dril Quip guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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Is Dril Quip'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 Dril Quip. If investors know Dril 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 Dril Quip listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.63) | Revenue Per Share 12.95 | Quarterly Revenue Growth 0.214 | Return On Assets 0.0001 | Return On Equity (0.03) |
The market value of Dril Quip is measured differently than its book value, which is the value of Dril that is recorded on the company's balance sheet. Investors also form their own opinion of Dril Quip's value that differs from its market value or its book value, called intrinsic value, which is Dril Quip'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 Dril Quip's market value can be influenced by many factors that don't directly affect Dril Quip'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 Dril Quip's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dril Quip is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dril Quip'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.