Durect Asset Turnover vs Inventory Turnover Analysis

DRRX Stock

USD 0.80 0.03 3.90%

Durect financial indicator trend analysis is much more than just examining Durect latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Durect is a good investment. Please check the relationship between Durect Asset Turnover and its Inventory Turnover accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Durect. 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.

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

Asset Turnover vs Inventory Turnover

Asset Turnover vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Durect Asset Turnover account and Inventory Turnover. At this time, the significance of the direction appears to have strong relationship.

The correlation between Durect's Asset Turnover and Inventory Turnover is 0.61. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of Durect, assuming nothing else is changed. The correlation between historical values of Durect's Asset Turnover and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Durect are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Asset Turnover i.e., Durect's Asset Turnover and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

0.61

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Most indicators from Durect's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Durect 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 Durect. 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.

For more information on how to buy Durect Stock please use our How to Invest in Durect guide.Enterprise Value is likely to rise to about 171 M in 2024, whereas Selling General Administrative is likely to drop slightly above 11.6 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	12.0M	17.7M	6.8M	6.5M
Total Revenue	14.0M	19.3M	8.5M	8.1M

Gross Profit Total Revenue

Durect 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets
Total Assets		0.71	0.6	0.35	0.6	0.69	-0.31	-0.62	0.38	0.72	0.57	-0.3	0.96	0.61	0.61	0.58	0.26	0.6	0.01	0.53	0.67	0.68	0.12	0.99	-0.16	0.48
Short Long Term Debt Total	0.71		0.43	0.11	0.41	0.55	-0.15	-0.67	0.31	0.57	0.7	-0.47	0.62	0.44	0.61	0.58	-0.03	0.52	0.22	0.38	0.65	0.52	0.31	0.66	0.28	0.21
Other Current Liab	0.6	0.43		0.49	0.23	0.33	-0.16	-0.76	0.73	0.68	0.08	-0.45	0.64	0.26	0.75	0.75	-0.12	0.27	0.01	0.39	0.8	0.52	0.28	0.63	0.22	0.82
Total Current Liabilities	0.35	0.11	0.49		-0.3	0.53	-0.21	-0.53	0.61	0.34	0.37	-0.28	0.38	-0.02	0.49	0.46	0.03	0.04	0.23	-0.07	0.5	0.69	0.37	0.32	-0.05	0.38
Total Stockholder Equity	0.6	0.41	0.23	-0.3		0.3	-0.4	-0.18	-0.02	0.51	0.2	-0.03	0.56	0.47	0.32	0.31	0.01	0.01	-0.34	0.5	0.25	-0.16	0.01	0.61	-0.24	0.05
Property Plant And Equipment Net	0.69	0.55	0.33	0.53	0.3		-0.13	-0.41	0.27	0.38	0.78	-0.18	0.61	0.12	0.51	0.49	0.25	0.25	-0.14	0.14	0.38	0.6	0.53	0.63	-0.03	0.09
Net Debt	-0.31	-0.15	-0.16	-0.21	-0.4	-0.13		0.26	-0.37	-0.72	-0.01	0.07	-0.42	-0.51	-0.36	-0.34	0.51	0.16	0.29	-0.09	-0.28	-0.04	-0.1	-0.34	0.52	0.14
Retained Earnings	-0.62	-0.67	-0.76	-0.53	-0.18	-0.41	0.26		-0.68	-0.65	-0.51	0.77	-0.55	-0.34	-0.92	-0.89	0.26	-0.25	-0.33	-0.47	-0.93	-0.63	-0.48	-0.59	-0.3	-0.56
Accounts Payable	0.38	0.31	0.73	0.61	-0.02	0.27	-0.37	-0.68		0.55	0.16	-0.46	0.39	0.11	0.63	0.61	-0.31	0.07	0.14	0.26	0.64	0.5	0.21	0.38	-0.01	0.43
Cash	0.72	0.57	0.68	0.34	0.51	0.38	-0.72	-0.65	0.55		0.19	-0.22	0.8	0.54	0.74	0.74	-0.4	0.25	-0.25	0.34	0.68	0.44	0.25	0.75	-0.19	0.46
Non Current Assets Total	0.57	0.7	0.08	0.37	0.2	0.78	-0.01	-0.51	0.16	0.19		-0.41	0.42	0.17	0.47	0.44	0.22	0.28	0.31	0.14	0.41	0.57	0.47	0.47	0.17	-0.08
Non Currrent Assets Other	-0.3	-0.47	-0.45	-0.28	-0.03	-0.18	0.07	0.77	-0.46	-0.22	-0.41		-0.18	-0.35	-0.63	-0.6	0.15	-0.14	-0.4	-0.5	-0.68	-0.38	-0.38	-0.26	-0.46	-0.22
Cash And Short Term Investments	0.96	0.62	0.64	0.38	0.56	0.61	-0.42	-0.55	0.39	0.8	0.42	-0.18		0.66	0.58	0.55	0.21	0.54	-0.05	0.37	0.61	0.66	0.11	0.97	-0.18	0.51
Net Receivables	0.61	0.44	0.26	-0.02	0.47	0.12	-0.51	-0.34	0.11	0.54	0.17	-0.35	0.66		0.24	0.21	0.16	0.48	0.08	0.3	0.46	0.28	-0.21	0.63	-0.13	0.11
Common Stock Total Equity	0.61	0.61	0.75	0.49	0.32	0.51	-0.36	-0.92	0.63	0.74	0.47	-0.63	0.58	0.24		1.0	-0.42	0.07	-0.01	0.4	0.8	0.53	0.69	0.58	0.29	0.51
Common Stock Shares Outstanding	0.58	0.58	0.75	0.46	0.31	0.49	-0.34	-0.89	0.61	0.74	0.44	-0.6	0.55	0.21	1.0		-0.45	0.05	-0.06	0.38	0.76	0.51	0.71	0.56	0.31	0.51
Short Term Investments	0.26	-0.03	-0.12	0.03	0.01	0.25	0.51	0.26	-0.31	-0.4	0.22	0.15	0.21	0.16	-0.42	-0.45		0.47	0.3	0.0	-0.13	0.24	-0.4	0.25	-0.07	0.06
Non Current Liabilities Total	0.6	0.52	0.27	0.04	0.01	0.25	0.16	-0.25	0.07	0.25	0.28	-0.14	0.54	0.48	0.07	0.05	0.47		0.23	0.32	0.36	0.66	-0.31	0.6	-0.03	0.41
Inventory	0.01	0.22	0.01	0.23	-0.34	-0.14	0.29	-0.33	0.14	-0.25	0.31	-0.4	-0.05	0.08	-0.01	-0.06	0.3	0.23		0.06	0.29	0.32	-0.14	-0.03	0.3	0.08
Other Current Assets	0.53	0.38	0.39	-0.07	0.5	0.14	-0.09	-0.47	0.26	0.34	0.14	-0.5	0.37	0.3	0.4	0.38	0.0	0.32	0.06		0.52	0.2	-0.08	0.55	-0.12	0.38
Other Stockholder Equity	0.67	0.65	0.8	0.5	0.25	0.38	-0.28	-0.93	0.64	0.68	0.41	-0.68	0.61	0.46	0.8	0.76	-0.13	0.36	0.29	0.52		0.57	0.24	0.66	0.13	0.62
Total Liab	0.68	0.52	0.52	0.69	-0.16	0.6	-0.04	-0.63	0.5	0.44	0.57	-0.38	0.66	0.28	0.53	0.51	0.24	0.66	0.32	0.2	0.57		0.26	0.65	0.09	0.51
Property Plant And Equipment Gross	0.12	0.31	0.28	0.37	0.01	0.53	-0.1	-0.48	0.21	0.25	0.47	-0.38	0.11	-0.21	0.69	0.71	-0.4	-0.31	-0.14	-0.08	0.24	0.26		0.06	0.51	0.01
Total Current Assets	0.99	0.66	0.63	0.32	0.61	0.63	-0.34	-0.59	0.38	0.75	0.47	-0.26	0.97	0.63	0.58	0.56	0.25	0.6	-0.03	0.55	0.66	0.65	0.06		-0.2	0.52
Short Term Debt	-0.16	0.28	0.22	-0.05	-0.24	-0.03	0.52	-0.3	-0.01	-0.19	0.17	-0.46	-0.18	-0.13	0.29	0.31	-0.07	-0.03	0.3	-0.12	0.13	0.09	0.51	-0.2		0.15
Intangible Assets	0.48	0.21	0.82	0.38	0.05	0.09	0.14	-0.56	0.43	0.46	-0.08	-0.22	0.51	0.11	0.51	0.51	0.06	0.41	0.08	0.38	0.62	0.51	0.01	0.52	0.15

Click cells to compare fundamentals

Durect Account Relationship Matchups

Durect fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	86.0M	75.6M	92.0M	60.1M	45.2M	56.3M
Short Long Term Debt Total	26.8M	25.8M	24.3M	23.3M	20.7M	24.1M
Other Current Liab	6.3M	5.8M	6.8M	7.9M	7.2M	4.7M
Total Current Liabilities	36.8M	10.7M	10.1M	18.1M	27.0M	14.7M
Total Stockholder Equity	22.9M	40.1M	57.8M	25.0M	14.8M	27.8M
Property Plant And Equipment Net	6.5M	5M	3.7M	2.1M	4.1M	3.7M
Net Debt	(8.1M)	4.5M	(25.5M)	(20.2M)	(7.7M)	(8.0M)
Retained Earnings	(489.2M)	(489.8M)	(526.0M)	(561.4M)	(589.0M)	(559.6M)
Accounts Payable	2.1M	1.7M	1.3M	3.1M	1.8M	1.9M
Cash	34.9M	21.3M	49.8M	43.5M	28.4M	26.0M
Non Current Assets Total	14.2M	12.6M	10.3M	8.7M	10.5M	13.2M
Non Currrent Assets Other	1.3M	1.3M	411K	256K	128K	121.6K
Cash And Short Term Investments	64.7M	40.7M	69.8M	43.5M	29.7M	36.9M
Net Receivables	2.3M	940K	6.5M	3.4M	1.3M	1.2M
Common Stock Total Equity	16K	19K	20K	23K	26.5K	27.8K
Common Stock Shares Outstanding	17.8M	19.9M	22.5M	22.8M	26.5M	27.8M
Short Term Investments	29.8M	19.4M	20.0M	0.0	1.3M	1.2M
Liabilities And Stockholders Equity	86.0M	75.6M	92.0M	60.1M	45.2M	56.3M
Non Current Liabilities Total	26.4M	24.8M	24.2M	17.0M	3.4M	3.2M
Inventory	3.4M	1.9M	1.9M	2.1M	2.2M	2.9M
Other Current Assets	1.5M	4.5M	3.6M	2.4M	1.5M	2.3M
Other Stockholder Equity	512.0M	529.9M	583.8M	586.4M	603.8M	392.3M
Total Liab	63.2M	35.5M	34.2M	35.1M	30.4M	39.1M
Property Plant And Equipment Gross	6.5M	5M	3.7M	2.1M	19.0M	19.9M
Total Current Assets	71.8M	63.1M	81.7M	51.4M	34.7M	43.1M
Common Stock	16K	19K	20K	23K	26.5K	27.8K
Long Term Debt	20.3M	19.9M	20.6M	15.9M	14.3M	14.2M
Property Plant Equipment	469K	251K	3.7M	188K	169.2K	160.7K
Other Liab	1.6M	1.7M	1.7M	851K	765.9K	727.6K
Current Deferred Revenue	1.4M	26.3M	545K	98K	112.7K	107.1K
Other Assets	1.3M	6.2M	411K	406K	365.4K	347.1K
Net Tangible Assets	21.8M	38.0M	51.6M	19.1M	21.9M	21.4M
Retained Earnings Total Equity	(489.2M)	(489.8M)	(526.0M)	(561.4M)	(505.2M)	(530.5M)
Capital Surpluse	512.0M	529.9M	583.8M	586.4M	674.3M	509.9M

Pair Trading with Durect

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

Moving together with Durect Stock

0.73

Agilent Technologies Financial Report 28th of May 2024

Pair Corr

Moving against Durect Stock

0.8	BNR	Burning Rock BiotechLtd Financial Report 4th of June 2024	Pair Corr
0.61	VALN	Valneva SE ADR Financial Report 2nd of May 2024	Pair Corr
0.56	NVS	Novartis AG ADR Earnings Call This Week	Pair Corr

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

The correlation of Durect 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 Durect moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Durect 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 Durect 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 Durect offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Durect's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Durect Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Durect Stock:

How To Invest In Durect

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Is Durect Stock a good investment?

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What is Durect's Net Worth?

Details

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Durect. 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.

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

You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for Durect Stock analysis

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

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

Earnings Share

(1.20)

Revenue Per Share

0.326

Quarterly Revenue Growth

(0.20)

Return On Assets

(0.44)

Return On Equity

(1.39)

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

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Durect Asset Turnover vs Inventory Turnover Analysis

Asset Turnover vs Inventory Turnover

Asset Turnover vs Inventory Turnover Correlation Analysis

Correlation Coefficient

Asset Turnover

Inventory Turnover

Durect fundamental ratios Correlations

Durect Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Durect fundamental ratios Accounts

Pair Trading with Durect

Moving together with Durect Stock

Moving against Durect Stock

Complementary Tools for Durect Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock Shares Outstanding	+ 1.0	Common Stock Total Equity
Total Current Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.97	Cash And Short Term Investments
Cash And Short Term Investments	+ 0.96	Total Assets
Intangible Assets	+ 0.82	Other Current Liab
Other Stockholder Equity	+ 0.8	Other Current Liab

Other Stockholder Equity	- 0.93	Retained Earnings
Common Stock Total Equity	- 0.92	Retained Earnings
Common Stock Shares Outstanding	- 0.89	Retained Earnings
Retained Earnings	- 0.76	Other Current Liab
Cash	- 0.72	Net Debt
Other Stockholder Equity	- 0.68	Non Currrent Assets Other