DBO Other Current Liab vs Net Receivables Analysis

DBO Stock  CAD 0.11  0.01  10.00%   
D Box financial indicator trend analysis is much more than just examining D Box Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether D Box Technologies is a good investment. Please check the relationship between D Box Other Current Liab and its Net Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in D Box Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Other Current Liab vs Net Receivables

Other Current Liab vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of D Box Technologies Other Current Liab account and Net Receivables. At this time, the significance of the direction appears to have very strong relationship.
The correlation between D Box's Other Current Liab and Net Receivables is 0.82. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Net Receivables in the same time period over historical financial statements of D Box Technologies, assuming nothing else is changed. The correlation between historical values of D Box's Other Current Liab and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of D Box Technologies are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Other Current Liab i.e., D Box's Other Current Liab and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Other Current Liab

Net Receivables

Most indicators from D Box's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into D Box Technologies 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 D Box Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, D Box's Tax Provision is very stable compared to the past year. As of the 9th of November 2024, Enterprise Value is likely to grow to about 19.4 M, while Selling General Administrative is likely to drop about 5.2 M.
 2021 2022 2023 2024 (projected)
Gross Profit11.1M34.1M18.1M19.0M
Total Revenue21.3M34.1M39.6M41.6M

D Box fundamental ratios Correlations

0.750.530.84-0.48-0.590.620.780.770.660.65-0.830.480.140.630.960.10.480.660.320.820.580.69-0.030.75-0.28
0.750.830.330.07-0.660.80.380.380.820.65-0.530.45-0.380.890.840.350.770.110.560.380.070.840.230.840.09
0.530.830.020.35-0.670.840.130.120.830.63-0.510.27-0.550.940.650.750.84-0.150.730.14-0.230.80.310.730.15
0.840.330.02-0.81-0.280.20.820.810.240.38-0.690.40.560.10.7-0.26-0.050.92-0.110.910.780.29-0.260.37-0.43
-0.480.070.35-0.81-0.180.13-0.83-0.840.190.060.33-0.23-0.550.27-0.370.440.34-0.730.46-0.6-0.630.190.490.010.59
-0.59-0.66-0.67-0.28-0.18-0.64-0.18-0.17-0.69-0.910.65-0.490.26-0.67-0.64-0.41-0.61-0.12-0.53-0.34-0.2-0.67-0.71-0.57-0.47
0.620.80.840.20.13-0.640.240.240.90.67-0.470.06-0.420.850.750.370.64-0.010.650.190.070.810.290.610.08
0.780.380.130.82-0.83-0.180.241.00.190.24-0.590.450.190.270.75-0.110.240.61-0.10.670.560.19-0.280.46-0.49
0.770.380.120.81-0.84-0.170.241.00.180.23-0.570.450.180.260.74-0.120.230.6-0.110.660.550.18-0.290.45-0.49
0.660.820.830.240.19-0.690.90.190.180.78-0.570.24-0.30.850.750.360.660.060.70.290.120.840.280.670.06
0.650.650.630.380.06-0.910.670.240.230.78-0.720.45-0.090.640.690.280.510.210.540.390.360.750.560.520.23
-0.83-0.53-0.51-0.690.330.65-0.47-0.59-0.57-0.57-0.72-0.44-0.24-0.52-0.74-0.28-0.42-0.64-0.38-0.8-0.59-0.56-0.05-0.60.27
0.480.450.270.4-0.23-0.490.060.450.450.240.45-0.44-0.080.30.440.270.360.25-0.170.440.10.170.10.590.14
0.14-0.38-0.550.56-0.550.26-0.420.190.18-0.3-0.09-0.24-0.08-0.54-0.08-0.55-0.650.76-0.260.560.67-0.17-0.43-0.25-0.49
0.630.890.940.10.27-0.670.850.270.260.850.64-0.520.3-0.540.750.550.94-0.110.720.21-0.050.830.320.840.1
0.960.840.650.7-0.37-0.640.750.750.740.750.69-0.740.44-0.080.750.170.610.450.440.640.440.750.10.77-0.19
0.10.350.75-0.260.44-0.410.37-0.11-0.120.360.28-0.280.27-0.550.550.170.58-0.30.38-0.08-0.580.330.190.390.24
0.480.770.84-0.050.34-0.610.640.240.230.660.51-0.420.36-0.650.940.610.58-0.250.630.08-0.160.640.370.790.2
0.660.11-0.150.92-0.73-0.12-0.010.610.60.060.21-0.640.250.76-0.110.45-0.3-0.25-0.210.940.780.15-0.40.21-0.48
0.320.560.73-0.110.46-0.530.65-0.1-0.110.70.54-0.38-0.17-0.260.720.440.380.63-0.21-0.03-0.040.740.470.40.08
0.820.380.140.91-0.6-0.340.190.670.660.290.39-0.80.440.560.210.64-0.080.080.94-0.030.720.37-0.310.53-0.4
0.580.07-0.230.78-0.63-0.20.070.560.550.120.36-0.590.10.67-0.050.44-0.58-0.160.78-0.040.720.18-0.10.16-0.43
0.690.840.80.290.19-0.670.810.190.180.840.75-0.560.17-0.170.830.750.330.640.150.740.370.180.310.70.02
-0.030.230.31-0.260.49-0.710.29-0.28-0.290.280.56-0.050.1-0.430.320.10.190.37-0.40.47-0.31-0.10.310.030.72
0.750.840.730.370.01-0.570.610.460.450.670.52-0.60.59-0.250.840.770.390.790.210.40.530.160.70.03-0.08
-0.280.090.15-0.430.59-0.470.08-0.49-0.490.060.230.270.14-0.490.1-0.190.240.2-0.480.08-0.4-0.430.020.72-0.08
Click cells to compare fundamentals

D Box Account Relationship Matchups

D Box fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets26.9M23.7M22.4M26.7M20.9M19.7M
Other Current Liab3.5M2.4M2.4M3.8M3.2M2.2M
Total Current Liabilities10.9M7.9M7.2M13.3M6.8M4.6M
Total Stockholder Equity14.4M13.5M11.8M10.9M12.1M13.7M
Net Debt969K(3.2M)1.4M2.5M(138K)(144.9K)
Retained Earnings(50.0M)(56.1M)(56.8M)(55.9M)(54.7M)(51.9M)
Accounts Payable2.4M1.2M1.7M3.7M2.3M1.6M
Cash4.1M9.1M3.9M3.1M2.9M2.8M
Cash And Short Term Investments4.1M9.1M3.9M3.1M3.1M3.0M
Net Receivables6.5M2.4M6.5M8.2M5.8M3.3M
Liabilities And Stockholders Equity26.9M23.7M22.4M26.7M20.9M19.7M
Other Current Assets490K775K723K(50K)650K356.0K
Other Stockholder Equity1.6M(10.1M)(9.4M)(10.3M)(9.3M)(8.8M)
Total Liab12.5M10.2M10.5M15.8M8.8M6.1M
Total Current Assets17.6M16.8M16.4M21.8M16.8M14.3M
Short Term Debt4.0M3.6M2.0M3.1M792K997.2K
Short Long Term Debt Total5.1M6.0M5.3M5.6M2.8M2.6M
Property Plant And Equipment Net5.6M3.8M3.1M2.8M2.3M4.1M
Current Deferred Revenue953K675K1.1M2.7M502K627.8K
Non Current Assets Total9.3M6.9M6.0M5.0M4.1M5.7M
Non Current Liabilities Total1.6M2.3M3.3M2.5M2.0M1.9M
Inventory6.5M4.5M5.2M10.0M7.2M4.3M
Property Plant And Equipment Gross5.6M20.5M20.4M21.6M22.2M23.3M
Intangible Assets2.6M2.2M2.2M1.8M1.6M1.3M
Non Currrent Assets Other1.1M917K776K373K1.6M1.6M
Accumulated Other Comprehensive Income1.6M(115K)(137K)(290K)573K544.4K
Net Tangible Assets17.4M11.8M11.3M9.7M8.7M13.5M
Other Assets68K1.1M917K776K892.4K937.0K
Short Long Term Debt4.0M3.3M1.7M2.8M546K518.7K
Property Plant Equipment6.0M5.6M3.8M3.1M2.7M5.1M
Long Term Debt1.1M1.6M2.9M2.3M2.0M2.1M
Long Term Debt Total0.01.1M2.3M3.3M3.0M2.3M
Cash And Equivalents7.3M3.4M7.4M3.9M3.5M4.5M
Net Invested Capital19.4M18.5M16.4M16.0M14.6M15.7M
Net Working Capital6.7M9.0M9.2M8.4M10.0M8.2M

Pair Trading with D Box

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

Moving together with DBO Stock

  0.72BRK Berkshire Hathaway CDRPairCorr
The ability to find closely correlated positions to D Box could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace D Box 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 D Box - 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 D Box Technologies to buy it.
The correlation of D Box 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 D Box moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if D Box Technologies 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 D Box 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

Other Information on Investing in DBO Stock

Balance Sheet is a snapshot of the financial position of D Box Technologies at a specified time, usually calculated after every quarter, six months, or one year. D Box Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of D Box and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which DBO currently owns. An asset can also be divided into two categories, current and non-current.