Diamondrock Operating Income vs Net Income Analysis
DRH Stock | USD 8.51 0.01 0.12% |
Diamondrock Hospitality financial indicator trend analysis is much more than just examining Diamondrock Hospitality latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Diamondrock Hospitality is a good investment. Please check the relationship between Diamondrock Hospitality Operating Income and its Net Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamondrock Hospitality. 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 detail on how to invest in Diamondrock Stock please use our How to Invest in Diamondrock Hospitality guide.
Operating Income vs Net Income
Operating Income vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Diamondrock Hospitality Operating Income account and Net Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Diamondrock Hospitality's Operating Income and Net Income is 0.54. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Income in the same time period over historical financial statements of Diamondrock Hospitality, assuming nothing else is changed. The correlation between historical values of Diamondrock Hospitality's Operating Income and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Diamondrock Hospitality are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Operating Income i.e., Diamondrock Hospitality's Operating Income and Net Income go up and down completely randomly.
Correlation Coefficient | 0.54 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Operating Income
Operating Income is the amount of profit realized from Diamondrock Hospitality operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Diamondrock Hospitality is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Diamondrock Hospitality financial statement analysis. It represents the amount of money remaining after all of Diamondrock Hospitality operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Diamondrock Hospitality's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Diamondrock Hospitality 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 Diamondrock Hospitality. 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 detail on how to invest in Diamondrock Stock please use our How to Invest in Diamondrock Hospitality guide.As of now, Diamondrock Hospitality's Selling General Administrative is increasing as compared to previous years. The Diamondrock Hospitality's current Discontinued Operations is estimated to increase to about 30.5 M, while Tax Provision is projected to decrease to under 301.1 K.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 164.4M | 196.8M | 440.6M | 462.7M | Cost Of Revenue | 432.8M | 640.6M | 484.5M | 520.0M |
Diamondrock Hospitality fundamental ratios Correlations
Click cells to compare fundamentals
Diamondrock Hospitality Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Diamondrock Hospitality fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.4B | 3.1B | 3.0B | 3.2B | 3.2B | 2.9B | |
Short Long Term Debt Total | 1.2B | 1.2B | 1.2B | 1.3B | 1.3B | 1.0B | |
Other Current Liab | (49.2M) | (54.9M) | 85.5M | (97.9M) | 6.3M | 6.6M | |
Total Current Liabilities | 311.0M | 274.2M | 358.5M | 314.7M | 8.3M | 7.9M | |
Total Stockholder Equity | 1.9B | 1.7B | 1.5B | 1.6B | 1.6B | 1.6B | |
Other Liab | 203.2M | 227.6M | 217.3M | 258.6M | 297.4M | 206.6M | |
Property Plant And Equipment Net | 3.1B | 2.9B | 2.8B | 2.8B | 2.9B | 2.6B | |
Current Deferred Revenue | 130.8M | 132.1M | 131.8M | 134.9M | 8.3M | 7.9M | |
Net Debt | 1.1B | 1.0B | 1.1B | 1.2B | (121.6M) | (115.5M) | |
Retained Earnings | (178.9M) | (576.5M) | (780.9M) | (700.7M) | (48K) | (50.4K) | |
Accounts Payable | 154.4M | 142.0M | 136.7M | 166.8M | 156.1M | 125.1M | |
Cash | 122.5M | 111.8M | 38.6M | 67.6M | 121.6M | 103.5M | |
Non Current Assets Total | 3.1B | 2.9B | 2.8B | 2.9B | 2.9B | 2.6B | |
Other Assets | 408K | 217.6M | 175.0M | 292.5M | 264.2M | 277.4M | |
Long Term Debt | 1.1B | 1.0B | 1.1B | 1.2B | 1.2B | 1.0B | |
Cash And Short Term Investments | 122.5M | 111.8M | 38.6M | 67.6M | 121.6M | 103.5M | |
Net Receivables | 91.2M | 69.5M | 120.7M | 176.7M | 144.7M | 96.3M | |
Common Stock Shares Outstanding | 202.7M | 201.7M | 212.1M | 213.2M | 212.3M | 173.6M | |
Liabilities And Stockholders Equity | 3.4B | 3.1B | 3.0B | 3.2B | 3.2B | 2.9B | |
Non Current Liabilities Total | 1.2B | 1.2B | 1.1B | 1.3B | 1.6B | 1.1B | |
Inventory | 57.3M | 23.1M | 36.9M | 357.4M | 411.1M | 431.6M | |
Other Current Assets | 29.9M | 28.4M | 17.5M | 39.6M | (311.9M) | (296.3M) | |
Other Stockholder Equity | 2.1B | 2.3B | 3.1B | 3.0B | 1.6B | 2.3B | |
Total Liab | 1.5B | 1.4B | 1.4B | 1.6B | 1.6B | 1.3B | |
Property Plant And Equipment Gross | 3.1B | 2.9B | 2.8B | 2.8B | 4.2B | 2.6B | |
Total Current Assets | 300.9M | 232.7M | 213.7M | 283.9M | 121.6M | 115.5M | |
Property Plant Equipment | 3.0B | 2.8B | 2.8B | 2.8B | 3.3B | 2.5B | |
Non Currrent Assets Other | (2.6M) | (19.6M) | 117.7M | 76.1M | 73.9M | 77.6M | |
Net Tangible Assets | 1.9B | 1.7B | 1.5B | 1.6B | 1.8B | 1.9B | |
Noncontrolling Interest In Consolidated Entity | 8.6M | 7.8M | 5.8M | 6.3M | 7.2M | 7.6M | |
Retained Earnings Total Equity | (178.9M) | (576.5M) | (780.9M) | (700.7M) | (630.6M) | (599.1M) | |
Long Term Debt Total | 1.1B | 1.0B | 1.1B | 1.2B | 1.4B | 1.1B | |
Capital Surpluse | 2.1B | 2.3B | 2.3B | 2.3B | 2.6B | 2.2B | |
Non Current Liabilities Other | 234.4M | 237.1M | 240.4M | 245.8M | 282.7M | 162.6M |
Pair Trading with Diamondrock Hospitality
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 Diamondrock Hospitality 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 Diamondrock Hospitality will appreciate offsetting losses from the drop in the long position's value.Moving together with Diamondrock Stock
0.65 | FR | First Industrial Realty | PairCorr |
Moving against Diamondrock Stock
0.7 | BHR | Braemar Hotel Resorts | PairCorr |
0.63 | ELME | Elme Communities | PairCorr |
0.57 | HR | Healthcare Realty Trust Financial Report 14th of May 2024 | PairCorr |
0.45 | ADC | Agree Realty | PairCorr |
0.41 | O | Realty Income Corp | PairCorr |
The ability to find closely correlated positions to Diamondrock Hospitality could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diamondrock Hospitality 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 Diamondrock Hospitality - 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 Diamondrock Hospitality to buy it.
The correlation of Diamondrock Hospitality 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 Diamondrock Hospitality moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Diamondrock Hospitality 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 Diamondrock Hospitality 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 Diamondrock Hospitality. 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 detail on how to invest in Diamondrock Stock please use our How to Invest in Diamondrock Hospitality guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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Is Diamondrock Hospitality'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 Diamondrock Hospitality. If investors know Diamondrock 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 Diamondrock Hospitality 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 (0.07) | Dividend Share 0.12 | Earnings Share 0.36 | Revenue Per Share 5.141 | Quarterly Revenue Growth 0.053 |
The market value of Diamondrock Hospitality is measured differently than its book value, which is the value of Diamondrock that is recorded on the company's balance sheet. Investors also form their own opinion of Diamondrock Hospitality's value that differs from its market value or its book value, called intrinsic value, which is Diamondrock Hospitality'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 Diamondrock Hospitality's market value can be influenced by many factors that don't directly affect Diamondrock Hospitality'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 Diamondrock Hospitality's value and its price as these two are different measures arrived at by different means. Investors typically determine if Diamondrock Hospitality is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Diamondrock Hospitality'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.