Durect Gross Profit vs Asset Turnover Analysis
DRRX Stock | USD 0.87 0.04 4.40% |
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 Gross Profit 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.
Gross Profit vs Asset Turnover
Gross Profit vs Asset Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Durect Gross Profit account and Asset Turnover. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Durect's Gross Profit and Asset Turnover is 0.92. Overlapping area represents the amount of variation of Gross Profit 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 Gross Profit 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 Gross Profit 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 Gross Profit i.e., Durect's Gross Profit and Asset Turnover go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Durect minus its cost of goods sold. It is profit before Durect operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.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.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 |
Durect fundamental ratios Correlations
Click cells to compare fundamentals
Durect Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
0.7 | A | Agilent Technologies Financial Report 28th of May 2024 | PairCorr |
0.72 | EQ | Equillium Financial Report 9th of May 2024 | PairCorr |
Moving against Durect Stock
0.59 | SABSW | SAB Biotherapeutics | PairCorr |
0.56 | KA | Kineta Inc Financial Report 9th of May 2024 | PairCorr |
0.55 | DRUG | Bright Minds Biosciences | PairCorr |
0.51 | DMTK | DermTech Financial Report 2nd of May 2024 | PairCorr |
0.49 | ME | 23Andme Holding | PairCorr |
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.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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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.
AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
Transaction History View history of all your transactions and understand their impact on performance | |
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
FinTech Suite Use AI to screen and filter profitable investment opportunities | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |
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.