Durect Cost of Revenue vs Asset Turnover Analysis

DRRX Stock  USD 1.34  0.07  5.51%   
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 Cost Of Revenue and its Asset 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.

Cost Of Revenue vs Asset Turnover

Cost of Revenue vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Durect Cost of Revenue account and Asset Turnover. At this time, the significance of the direction appears to have strong relationship.
The correlation between Durect's Cost of Revenue and Asset Turnover is 0.64. Overlapping area represents the amount of variation of Cost of Revenue that can explain the historical movement of Asset 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 Cost of Revenue and Asset 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 Cost of Revenue of Durect are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Cost of Revenue i.e., Durect's Cost of Revenue and Asset Turnover go up and down completely randomly.

Correlation Coefficient

0.64
Relationship DirectionPositive 
Relationship StrengthSignificant

Cost Of Revenue

Cost of Revenue is found on Durect income statement and represents the costs associated with goods and services Durect 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.

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.
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.Selling General Administrative is likely to drop to about 11.6 M in 2024. Discontinued Operations is likely to drop to about 11 M in 2024
 2021 2022 2023 2024 (projected)
Gross Profit12.0M17.7M7.6M7.2M
Total Revenue14.0M19.3M9.2M8.7M

Durect fundamental ratios Correlations

0.70.590.420.590.75-0.31-0.710.30.670.57-0.350.950.590.670.650.210.63-0.010.510.680.680.750.99-0.150.49
0.70.490.140.410.51-0.23-0.70.390.60.6-0.490.620.550.670.65-0.10.640.20.420.690.540.510.670.230.22
0.590.490.470.250.19-0.25-0.740.80.75-0.05-0.450.650.430.770.77-0.190.350.00.480.820.550.190.650.150.78
0.420.140.47-0.260.45-0.25-0.50.60.360.3-0.250.460.110.440.40.090.170.280.030.480.750.450.4-0.250.38
0.590.410.25-0.260.37-0.39-0.25-0.030.470.22-0.070.550.440.390.39-0.05-0.03-0.380.470.28-0.170.370.6-0.240.06
0.750.510.190.450.37-0.13-0.320.130.270.79-0.10.650.190.390.360.370.44-0.090.190.240.591.00.69-0.260.05
-0.31-0.23-0.25-0.25-0.39-0.130.32-0.45-0.73-0.020.16-0.41-0.58-0.52-0.510.630.140.3-0.12-0.33-0.1-0.13-0.330.630.13
-0.71-0.7-0.74-0.5-0.25-0.320.32-0.65-0.66-0.420.74-0.65-0.55-0.85-0.820.17-0.51-0.39-0.61-0.93-0.68-0.32-0.7-0.09-0.61
0.30.390.80.6-0.030.13-0.45-0.650.66-0.03-0.480.340.30.720.71-0.460.10.050.280.730.490.130.33-0.040.4
0.670.60.750.360.470.27-0.73-0.660.660.06-0.260.760.650.80.8-0.480.3-0.260.380.740.460.270.72-0.280.46
0.570.6-0.050.30.220.79-0.02-0.42-0.030.06-0.340.40.20.360.320.30.450.340.130.250.510.790.46-0.03-0.12
-0.35-0.49-0.45-0.25-0.07-0.10.160.74-0.48-0.26-0.34-0.22-0.53-0.6-0.580.13-0.34-0.44-0.6-0.68-0.42-0.1-0.32-0.32-0.22
0.950.620.650.460.550.65-0.41-0.650.340.760.4-0.220.660.650.640.140.57-0.080.360.640.660.650.97-0.170.53
0.590.550.430.110.440.19-0.58-0.550.30.650.2-0.530.660.540.53-0.10.40.020.30.590.360.190.610.060.13
0.670.670.770.440.390.39-0.52-0.850.720.80.36-0.60.650.541.0-0.430.370.020.540.80.590.390.67-0.060.51
0.650.650.770.40.390.36-0.51-0.820.710.80.32-0.580.640.531.0-0.460.37-0.040.530.770.580.360.65-0.060.52
0.21-0.1-0.190.09-0.050.370.630.17-0.46-0.480.30.130.14-0.1-0.43-0.460.260.28-0.11-0.170.160.370.180.270.06
0.630.640.350.17-0.030.440.14-0.510.10.30.45-0.340.570.40.370.370.260.20.280.440.770.440.610.30.44
-0.010.20.00.28-0.38-0.090.3-0.390.05-0.260.34-0.44-0.080.020.02-0.040.280.20.010.280.3-0.09-0.070.440.09
0.510.420.480.030.470.19-0.12-0.610.280.380.13-0.60.360.30.540.53-0.110.280.010.610.210.190.54-0.040.42
0.680.690.820.480.280.24-0.33-0.930.730.740.25-0.680.640.590.80.77-0.170.440.280.610.60.240.690.080.61
0.680.540.550.75-0.170.59-0.1-0.680.490.460.51-0.420.660.360.590.580.160.770.30.210.60.590.650.050.52
0.750.510.190.450.371.0-0.13-0.320.130.270.79-0.10.650.190.390.360.370.44-0.090.190.240.590.69-0.260.05
0.990.670.650.40.60.69-0.33-0.70.330.720.46-0.320.970.610.670.650.180.61-0.070.540.690.650.69-0.160.55
-0.150.230.15-0.25-0.24-0.260.63-0.09-0.04-0.28-0.03-0.32-0.170.06-0.06-0.060.270.30.44-0.040.080.05-0.26-0.160.21
0.490.220.780.380.060.050.13-0.610.40.46-0.12-0.220.530.130.510.520.060.440.090.420.610.520.050.550.21
Click cells to compare fundamentals

Durect Account Relationship Matchups

Durect fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets86.0M75.6M92.0M60.1M54.1M57.1M
Short Long Term Debt Total26.8M25.8M24.3M23.3M26.8M24.1M
Other Current Liab6.3M5.8M6.8M7.9M9.1M4.5M
Total Current Liabilities36.8M10.7M10.1M18.1M20.8M14.1M
Total Stockholder Equity22.9M40.1M57.8M25.0M22.5M28.5M
Property Plant And Equipment Net6.5M5M3.7M2.1M1.9M3.7M
Net Debt(8.1M)4.5M(25.5M)(20.2M)(18.2M)(17.3M)
Retained Earnings(489.2M)(489.8M)(526.0M)(561.4M)(505.2M)(480.0M)
Accounts Payable2.1M1.7M1.3M3.1M3.6M1.9M
Cash34.9M21.3M49.8M43.5M50.0M25.7M
Non Current Assets Total14.2M12.6M10.3M8.7M7.8M13.4M
Non Currrent Assets Other1.3M1.3M411K256K230.4K218.9K
Cash And Short Term Investments64.7M40.7M69.8M43.5M39.1M37.5M
Net Receivables2.3M940K6.5M3.4M3.9M2.7M
Common Stock Total Equity16K19K20K23K26.5K27.8K
Common Stock Shares Outstanding17.8M19.9M22.5M22.8M26.2M27.5M
Short Term Investments7.4M2.7M29.8M19.4M20.0M0.0
Liabilities And Stockholders Equity86.0M75.6M92.0M60.1M54.1M57.1M
Non Current Liabilities Total26.4M24.8M24.2M17.0M15.3M18.4M
Inventory3.4M1.9M1.9M2.1M2.4M2.9M
Other Current Assets1.5M4.5M3.6M2.4M2.7M2.4M
Other Stockholder Equity512.0M529.9M583.8M586.4M674.3M381.0M
Total Liab63.2M35.5M34.2M35.1M40.4M39.3M
Property Plant And Equipment Gross6.5M5M3.7M2.1M1.9M3.7M
Total Current Assets71.8M63.1M81.7M51.4M46.3M43.7M
Common Stock16K19K20K23K26.5K27.8K
Long Term Debt20.3M19.9M20.6M15.9M14.3M14.2M
Property Plant Equipment469K251K3.7M188K169.2K160.7K
Other Liab1.6M1.7M1.7M851K765.9K727.6K
Current Deferred Revenue1.4M26.3M545K98K112.7K107.1K
Other Assets1.3M6.2M411K406K365.4K347.1K
Net Tangible Assets21.8M38.0M51.6M19.1M21.9M21.4M
Retained Earnings Total Equity(489.2M)(489.8M)(526.0M)(561.4M)(505.2M)(530.5M)
Capital Surpluse512.0M529.9M583.8M586.4M674.3M509.9M
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Durect in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Durect's short interest history, or implied volatility extrapolated from Durect options trading.

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.

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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 CorrelationCorrelation 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:
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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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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
(1.53)
Revenue Per Share
0.374
Quarterly Revenue Growth
(0.85)
Return On Assets
(0.43)
Return On Equity
(1.49)
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.