Diamond Gross Profit from 2010 to 2024
DO Stock | USD 14.45 0.03 0.21% |
Gross Profit | First Reported 1996-06-30 | Previous Quarter 63.8 M | Current Value 43.8 M | Quarterly Volatility 183.3 M |
Check Diamond Offshore financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Diamond main balance sheet or income statement drivers, such as Depreciation And Amortization of 105.7 M, Interest Expense of 47.2 M or Selling General Administrative of 88.9 M, as well as many exotic indicators such as Price To Sales Ratio of 0.98, Dividend Yield of 0.0607 or PTB Ratio of 2.16. Diamond financial statements analysis is a perfect complement when working with Diamond Offshore Valuation or Volatility modules.
Diamond | Gross Profit |
Latest Diamond Offshore's Gross Profit Growth Pattern
Below is the plot of the Gross Profit of Diamond Offshore Drilling over the last few years. Gross profit is a required income statement account that reflects total revenue of Diamond Offshore Drilling minus its cost of goods sold. It is profit before Diamond Offshore operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Diamond Offshore's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Diamond Offshore's overall financial position and show how it may be relating to other accounts over time.
View | Last Reported 162.46 M | 10 Years Trend |
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Gross Profit |
Timeline |
Diamond Gross Profit Regression Statistics
Arithmetic Mean | 664,440,043 | |
Coefficient Of Variation | 86.25 | |
Mean Deviation | 477,781,426 | |
Median | 650,038,000 | |
Standard Deviation | 573,046,405 | |
Sample Variance | 328382.2T | |
Range | 1.9B | |
R-Value | (0.70) | |
Mean Square Error | 181727.8T | |
R-Squared | 0.49 | |
Significance | 0 | |
Slope | (89,340,616) | |
Total Sum of Squares | 4597350.6T |
Diamond Gross Profit History
Other Fundumenentals of Diamond Offshore Drilling
Diamond Offshore Gross Profit component correlations
Click cells to compare fundamentals
About Diamond Offshore Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Diamond Offshore income statement, its balance sheet, and the statement of cash flows. Diamond Offshore investors use historical funamental indicators, such as Diamond Offshore's Gross Profit, to determine how well the company is positioned to perform in the future. Although Diamond Offshore investors may use each financial statement separately, they are all related. The changes in Diamond Offshore's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Diamond Offshore's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Diamond Offshore Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Diamond Offshore. Please read more on our technical analysis and fundamental analysis pages.
Last Reported | Projected for Next Year | ||
Gross Profit | 118.9 M | 113 M | |
Gross Profit Margin | 0.11 | 0.11 |
Pair Trading with Diamond Offshore
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 Diamond Offshore 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 Diamond Offshore will appreciate offsetting losses from the drop in the long position's value.Moving together with Diamond Stock
0.66 | HP | Helmerich and Payne Fiscal Year End 13th of November 2024 | PairCorr |
0.88 | NE | Noble plc | PairCorr |
Moving against Diamond Stock
0.49 | NC | NACCO Industries | PairCorr |
The ability to find closely correlated positions to Diamond Offshore could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diamond Offshore 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 Diamond Offshore - 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 Diamond Offshore Drilling to buy it.
The correlation of Diamond Offshore 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 Diamond Offshore moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Diamond Offshore Drilling 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 Diamond Offshore 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 the analysis of Diamond Offshore Correlation against competitors. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
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When running Diamond Offshore's price analysis, check to measure Diamond Offshore'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 Diamond Offshore is operating at the current time. Most of Diamond Offshore's value examination focuses on studying past and present price action to predict the probability of Diamond Offshore's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Diamond Offshore's price. Additionally, you may evaluate how the addition of Diamond Offshore to your portfolios can decrease your overall portfolio volatility.
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Is Diamond Offshore'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 Diamond Offshore. If investors know Diamond 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 Diamond Offshore listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.571 | Earnings Share (0.40) | Revenue Per Share 10.07 | Quarterly Revenue Growth 0.207 | Return On Assets 0.0305 |
The market value of Diamond Offshore Drilling is measured differently than its book value, which is the value of Diamond that is recorded on the company's balance sheet. Investors also form their own opinion of Diamond Offshore's value that differs from its market value or its book value, called intrinsic value, which is Diamond Offshore'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 Diamond Offshore's market value can be influenced by many factors that don't directly affect Diamond Offshore'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 Diamond Offshore's value and its price as these two are different measures arrived at by different means. Investors typically determine if Diamond Offshore is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Diamond Offshore'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.