Diodes Incorporated Stock Current Ratio

DIOD Stock

USD 66.89 0.85 1.25%

Diodes Incorporated fundamentals help investors to digest information that contributes to Diodes Incorporated's financial success or failures. It also enables traders to predict the movement of Diodes Stock. The fundamental analysis module provides a way to measure Diodes Incorporated's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Diodes Incorporated stock.

		Last Reported	Projected for Next Year
	Current Ratio	3.02	2.38

As of April 19, 2024, Current Ratio is expected to decline to 2.38.

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Diodes Incorporated Company Current Ratio Analysis

Diodes Incorporated's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Current Ratio

Current Asset

Current Liabilities

More About Current Ratio | All Equity Analysis

Current Diodes Incorporated Current Ratio

2.50 X

Most of Diodes Incorporated's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Diodes Incorporated is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Diodes Current Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for Diodes Incorporated is extremely important. It helps to project a fair market value of Diodes Stock properly, considering its historical fundamentals such as Current Ratio. Since Diodes Incorporated's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Diodes Incorporated's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Diodes Incorporated's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Common Stock	Long Term Debt	Good Will	Treasury Stock	Property Plant Equipment	Current Deferred Revenue	Short Term Investments	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Long Term Debt	Long Term Investments	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.94	-0.18	0.91	0.99	0.8	0.99	0.56	0.92	0.38	0.7	0.2	0.9	-0.39	0.96	0.25	-0.25	0.8	0.37	0.88	0.61	0.53	-0.67	0.79	0.78	0.74
Total Stockholder Equity	0.94		-0.47	0.98	0.95	0.55	0.94	0.43	0.83	0.14	0.6	-0.12	0.75	-0.39	0.98	-0.02	-0.36	0.91	0.14	0.83	0.34	0.38	-0.77	0.85	0.84	0.84
Net Debt	-0.18	-0.47		-0.48	-0.26	0.4	-0.23	0.12	-0.2	0.65	-0.02	0.87	0.12	0.29	-0.33	0.43	0.61	-0.58	0.67	-0.22	0.56	0.19	0.51	-0.46	-0.53	-0.49
Retained Earnings	0.91	0.98	-0.48		0.93	0.53	0.92	0.49	0.82	0.04	0.47	-0.17	0.68	-0.42	0.97	-0.06	-0.33	0.95	0.08	0.84	0.33	0.43	-0.82	0.93	0.91	0.9
Net Receivables	0.99	0.95	-0.26	0.93		0.76	1.0	0.58	0.94	0.27	0.69	0.11	0.86	-0.43	0.95	0.24	-0.32	0.83	0.28	0.88	0.53	0.55	-0.72	0.84	0.82	0.77
Total Liab	0.8	0.55	0.4	0.53	0.76		0.78	0.61	0.8	0.69	0.66	0.69	0.89	-0.26	0.64	0.65	0.02	0.37	0.65	0.71	0.9	0.64	-0.29	0.46	0.43	0.35
Total Current Assets	0.99	0.94	-0.23	0.92	1.0	0.78		0.56	0.94	0.29	0.7	0.16	0.86	-0.47	0.94	0.26	-0.29	0.81	0.32	0.87	0.55	0.52	-0.69	0.82	0.8	0.75
Short Term Debt	0.56	0.43	0.12	0.49	0.58	0.61	0.56		0.61	0.16	0.34	0.1	0.58	-0.25	0.5	0.4	-0.31	0.38	0.13	0.59	0.54	0.99	-0.51	0.52	0.38	0.44
Accounts Payable	0.92	0.83	-0.2	0.82	0.94	0.8	0.94	0.61		0.26	0.67	0.16	0.83	-0.41	0.84	0.49	-0.41	0.71	0.25	0.86	0.61	0.6	-0.63	0.78	0.79	0.67
Intangible Assets	0.38	0.14	0.65	0.04	0.27	0.69	0.29	0.16	0.26		0.5	0.83	0.69	0.22	0.24	0.5	0.32	-0.1	0.74	0.31	0.81	0.22	0.16	-0.12	-0.1	-0.15
Common Stock	0.7	0.6	-0.02	0.47	0.69	0.66	0.7	0.34	0.67	0.5		0.34	0.82	-0.24	0.55	0.42	-0.41	0.28	0.43	0.63	0.45	0.34	-0.2	0.33	0.35	0.13
Long Term Debt	0.2	-0.12	0.87	-0.17	0.11	0.69	0.16	0.1	0.16	0.83	0.34		0.45	0.07	0.0	0.57	0.51	-0.3	0.83	0.09	0.73	0.16	0.34	-0.22	-0.23	-0.3
Good Will	0.9	0.75	0.12	0.68	0.86	0.89	0.86	0.58	0.83	0.69	0.82	0.45		-0.18	0.79	0.48	-0.18	0.52	0.54	0.82	0.79	0.58	-0.43	0.54	0.53	0.44
Treasury Stock	-0.39	-0.39	0.29	-0.42	-0.43	-0.26	-0.47	-0.25	-0.41	0.22	-0.24	0.07	-0.18		-0.36	-0.11	0.25	-0.44	0.1	-0.36	0.0	-0.25	0.32	-0.43	-0.39	-0.36
Property Plant Equipment	0.96	0.98	-0.33	0.97	0.95	0.64	0.94	0.5	0.84	0.24	0.55	0.0	0.79	-0.36		0.02	-0.25	0.9	0.23	0.86	0.47	0.45	-0.74	0.86	0.84	0.85
Current Deferred Revenue	0.25	-0.02	0.43	-0.06	0.24	0.65	0.26	0.4	0.49	0.5	0.42	0.57	0.48	-0.11	0.02		-0.14	-0.16	0.32	0.29	0.68	0.46	0.13	-0.04	0.02	-0.17
Short Term Investments	-0.25	-0.36	0.61	-0.33	-0.32	0.02	-0.29	-0.31	-0.41	0.32	-0.41	0.51	-0.18	0.25	-0.25	-0.14		-0.28	0.4	-0.31	0.18	-0.27	0.22	-0.3	-0.31	-0.25
Net Tangible Assets	0.8	0.91	-0.58	0.95	0.83	0.37	0.81	0.38	0.71	-0.1	0.28	-0.3	0.52	-0.44	0.9	-0.16	-0.28		-0.12	0.77	0.17	0.32	-0.83	0.9	0.9	0.9
Long Term Debt Total	0.37	0.14	0.67	0.08	0.28	0.65	0.32	0.13	0.25	0.74	0.43	0.83	0.54	0.1	0.23	0.32	0.4	-0.12		0.12	0.71	0.14	0.12	-0.06	-0.1	0.0
Capital Surpluse	0.88	0.83	-0.22	0.84	0.88	0.71	0.87	0.59	0.86	0.31	0.63	0.09	0.82	-0.36	0.86	0.29	-0.31	0.77	0.12		0.56	0.58	-0.64	0.85	0.85	0.57
Deferred Long Term Liab	0.61	0.34	0.56	0.33	0.53	0.9	0.55	0.54	0.61	0.81	0.45	0.73	0.79	0.0	0.47	0.68	0.18	0.17	0.71	0.56		0.58	-0.15	0.27	0.26	0.21
Short Long Term Debt	0.53	0.38	0.19	0.43	0.55	0.64	0.52	0.99	0.6	0.22	0.34	0.16	0.58	-0.25	0.45	0.46	-0.27	0.32	0.14	0.58	0.58		-0.46	0.46	0.34	0.38
Long Term Investments	-0.67	-0.77	0.51	-0.82	-0.72	-0.29	-0.69	-0.51	-0.63	0.16	-0.2	0.34	-0.43	0.32	-0.74	0.13	0.22	-0.83	0.12	-0.64	-0.15	-0.46		-0.79	-0.78	-0.81
Net Invested Capital	0.79	0.85	-0.46	0.93	0.84	0.46	0.82	0.52	0.78	-0.12	0.33	-0.22	0.54	-0.43	0.86	-0.04	-0.3	0.9	-0.06	0.85	0.27	0.46	-0.79		0.97	0.82
Net Working Capital	0.78	0.84	-0.53	0.91	0.82	0.43	0.8	0.38	0.79	-0.1	0.35	-0.23	0.53	-0.39	0.84	0.02	-0.31	0.9	-0.1	0.85	0.26	0.34	-0.78	0.97		0.78
Capital Stock	0.74	0.84	-0.49	0.9	0.77	0.35	0.75	0.44	0.67	-0.15	0.13	-0.3	0.44	-0.36	0.85	-0.17	-0.25	0.9	0.0	0.57	0.21	0.38	-0.81	0.82	0.78

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Diodes Current Ratio Historical Pattern

Today, most investors in Diodes Incorporated Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Diodes Incorporated's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Diodes Incorporated current ratio as a starting point in their analysis.

Diodes Incorporated Current Ratio

Timeline

Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).

Competition

Predict Diodes Incorporated

Current Ratio Over Time

Diodes Price To Sales Ratio

Price To Sales Ratio

1.18

At present, Diodes Incorporated's Price To Sales Ratio is projected to increase slightly based on the last few years of reporting.

In accordance with the recently published financial statements, Diodes Incorporated has a Current Ratio of 2.5 times. This is 11.66% lower than that of the Semiconductors & Semiconductor Equipment sector and 36.55% lower than that of the Information Technology industry. The current ratio for all United States stocks is 15.74% lower than that of the firm.

Diodes Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Diodes Incorporated's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Diodes Incorporated could also be used in its relative valuation, which is a method of valuing Diodes Incorporated by comparing valuation metrics of similar companies.

Diodes Incorporated is currently under evaluation in current ratio category among related companies.

Diodes Fundamentals

	Return On Equity	0.14
	Return On Asset	0.0672
	Profit Margin	0.14 %
	Operating Margin	0.05 %
	Current Valuation	2.98 B
	Shares Outstanding	45.94 M
	Shares Owned By Insiders	2.70 %
	Shares Owned By Institutions	98.73 %
	Number Of Shares Shorted	1.47 M
	Price To Earning	13.95 X
	Price To Book	1.80 X
	Price To Sales	1.89 X
	Revenue	1.66 B
	Gross Profit	827.24 M
	EBITDA	250.57 M
	Net Income	230.65 M
	Cash And Equivalents	385.9 M
	Cash Per Share	8.49 X
	Total Debt	98.36 M
	Debt To Equity	0.22 %
	Current Ratio	2.50 X
	Book Value Per Share	37.89 X
	Cash Flow From Operations	280.91 M
	Short Ratio	5.01 X
	Earnings Per Share	4.91 X
	Price To Earnings To Growth	0.88 X
	Target Price	71.6
	Number Of Employees	7.98 K
	Beta	1.47
	Market Capitalization	3.14 B
	Total Asset	2.37 B
	Retained Earnings	1.68 B
	Working Capital	793.89 M
	Current Asset	750.55 M
	Current Liabilities	179.66 M
	Net Asset	2.37 B

About Diodes Incorporated Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Diodes Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Diodes Incorporated using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Diodes Incorporated based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Diodes Incorporated

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 Diodes Incorporated 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 Diodes Incorporated will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Diodes Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diodes Incorporated 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 Diodes Incorporated - 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 Diodes Incorporated to buy it.

The correlation of Diodes Incorporated 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 Diodes Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Diodes Incorporated 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 Diodes Incorporated 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 Correlation Correlation Matching

When determining whether Diodes Incorporated is a strong investment it is important to analyze Diodes Incorporated's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Diodes Incorporated's future performance. For an informed investment choice regarding Diodes Stock, refer to the following important reports:

How To Invest In Diodes

Details

Is Diodes Stock a good investment?

Details

What is Diodes Incorporated's Net Worth?

Details

Largest Semiconductors & Semiconductor Equipment Companies

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Largest Information Technology Companies

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Check out Diodes Incorporated Piotroski F Score and Diodes Incorporated Altman Z Score analysis.

For information on how to trade Diodes Stock refer to our How to Trade Diodes Stock guide.

You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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When running Diodes Incorporated's price analysis, check to measure Diodes Incorporated'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 Diodes Incorporated is operating at the current time. Most of Diodes Incorporated's value examination focuses on studying past and present price action to predict the probability of Diodes Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Diodes Incorporated's price. Additionally, you may evaluate how the addition of Diodes Incorporated to your portfolios can decrease your overall portfolio volatility.

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Is Diodes Incorporated'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 Diodes Incorporated. If investors know Diodes 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 Diodes Incorporated 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

(0.72)

Earnings Share

4.91

Revenue Per Share

36.28

Quarterly Revenue Growth

(0.35)

Return On Assets

0.0672

The market value of Diodes Incorporated is measured differently than its book value, which is the value of Diodes that is recorded on the company's balance sheet. Investors also form their own opinion of Diodes Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Diodes Incorporated'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 Diodes Incorporated's market value can be influenced by many factors that don't directly affect Diodes Incorporated'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 Diodes Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Diodes Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Diodes Incorporated'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.

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Diodes Incorporated Stock Current Ratio

Diodes Incorporated Company Current Ratio Analysis

Current Ratio

Current Asset

Current Liabilities

Current Diodes Incorporated Current Ratio

Diodes Current Ratio Driver Correlations

Diodes Current Ratio Historical Pattern

Diodes Price To Sales Ratio

Price To Sales Ratio

1.18

Diodes Current Ratio Peer Comparison

Diodes Fundamentals

About Diodes Incorporated Fundamental Analysis

Pair Trading with Diodes Incorporated

Complementary Tools for Diodes Stock analysis

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