Diodes Operating Income vs Selling General Administrative Analysis
DIOD Stock | USD 72.68 1.38 1.94% |
Diodes Incorporated financial indicator trend analysis is much more than just examining Diodes Incorporated latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Diodes Incorporated is a good investment. Please check the relationship between Diodes Incorporated Operating Income and its Selling General Administrative accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diodes Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For information on how to trade Diodes Stock refer to our How to Trade Diodes Stock guide.
Operating Income vs Selling General Administrative
Operating Income vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Diodes Incorporated Operating Income account and Selling General Administrative. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Diodes Incorporated's Operating Income and Selling General Administrative is 0.88. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Diodes Incorporated, assuming nothing else is changed. The correlation between historical values of Diodes Incorporated's Operating Income and Selling General Administrative 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 Diodes Incorporated are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Operating Income i.e., Diodes Incorporated's Operating Income and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Operating Income
Operating Income is the amount of profit realized from Diodes Incorporated 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 Diodes Incorporated 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.Selling General Administrative
Most indicators from Diodes Incorporated's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Diodes Incorporated 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 Diodes Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For information on how to trade Diodes Stock refer to our How to Trade Diodes Stock guide.At present, Diodes Incorporated's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 10.07, whereas Tax Provision is forecasted to decline to about 45.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 670.4M | 827.2M | 658.2M | 691.1M | Total Revenue | 1.8B | 2.0B | 1.7B | 1.7B |
Diodes Incorporated fundamental ratios Correlations
Click cells to compare fundamentals
Diodes Incorporated Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Diodes Incorporated fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.6B | 2.0B | 2.2B | 2.3B | 2.4B | 2.5B | |
Short Long Term Debt Total | 110.8M | 450.6M | 301.0M | 213.7M | 98.4M | 126.4M | |
Other Current Liab | 296K | 13.5M | 3.7M | 191.4M | 170.8M | 179.3M | |
Total Current Liabilities | 285.3M | 509.8M | 471.0M | 432.5M | 393.5M | 413.2M | |
Total Stockholder Equity | 1.1B | 963.8M | 1.2B | 1.5B | 1.7B | 1.8B | |
Property Plant And Equipment Net | 469.6M | 530.8M | 582.1M | 736.7M | 746.2M | 783.5M | |
Net Debt | (147.5M) | 182.5M | (62.6M) | (123.1M) | (217.1M) | (206.2M) | |
Retained Earnings | 790.0M | 888.0M | 1.1B | 1.4B | 1.7B | 1.8B | |
Cash | 258.4M | 268.1M | 363.6M | 336.7M | 315.5M | 331.2M | |
Non Current Assets Total | 829.4M | 955.5M | 1.0B | 1.1B | 1.2B | 1.2B | |
Non Currrent Assets Other | 81.5M | 79.6M | 112.0M | 107.8M | 146.5M | 153.8M | |
Cash And Short Term Investments | 263.2M | 274.2M | 370.1M | 343.8M | 325.6M | 341.9M | |
Net Receivables | 260.3M | 320.1M | 358.5M | 369.2M | 371.9M | 390.5M | |
Common Stock Shares Outstanding | 51.9M | 52.1M | 45.8M | 46.0M | 46.3M | 41.7M | |
Liabilities And Stockholders Equity | 1.6B | 2.0B | 2.2B | 2.3B | 2.4B | 2.5B | |
Non Current Liabilities Total | 201.3M | 453.6M | 420.7M | 272.9M | 164.5M | 144.1M | |
Inventory | 236.5M | 307.1M | 348.6M | 360.3M | 389.8M | 409.3M | |
Other Current Assets | 50.0M | 70.2M | 107.2M | 88.4M | 97.0M | 101.9M | |
Other Stockholder Equity | 389.5M | 113.7M | 134.8M | 157.3M | 171.9M | 131.8M | |
Total Liab | 486.6M | 963.3M | 891.8M | 705.4M | 558.0M | 585.9M | |
Property Plant And Equipment Gross | 469.6M | 530.8M | 1.4B | 1.6B | 1.8B | 1.8B | |
Total Current Assets | 810.0M | 1.0B | 1.2B | 1.2B | 1.2B | 1.2B | |
Accumulated Other Comprehensive Income | (108.1M) | (73.6M) | (50.5M) | (128.2M) | (143.2M) | (136.1M) | |
Short Term Debt | 46.4M | 162.4M | 35.4M | 45.4M | 54.0M | 56.7M | |
Accounts Payable | 122.1M | 168.0M | 221.3M | 160.4M | 158.3M | 166.2M | |
Common Stock Total Equity | 35.1M | 35.7M | 36.2M | 36.5M | 42.0M | 26.8M | |
Intangible Assets | 119.5M | 110.6M | 94.6M | 79.1M | 63.9M | 63.9M | |
Common Stock | 35.1M | 35.7M | 36.2M | 36.5M | 36.8M | 27.3M | |
Other Assets | 40.1M | 155.7M | 180.3M | 99.1M | 114.0M | 119.7M | |
Long Term Debt | 64.4M | 288.2M | 265.6M | 147.5M | 17.0M | 16.1M | |
Good Will | 141.3M | 158.3M | 149.9M | 144.8M | 146.6M | 139.2M | |
Property Plant Equipment | 469.6M | 530.8M | 582.1M | 736.7M | 847.2M | 889.6M | |
Current Deferred Revenue | 116.4M | 165.8M | 210.6M | 35.3M | 10.5M | 9.9M | |
Short Term Investments | 4.8M | 6.1M | 6.5M | 7.1M | 10.2M | 9.7M | |
Other Liab | 109.2M | 165.4M | 155.2M | 104.6M | 120.3M | 86.2M | |
Net Tangible Assets | 845.6M | 694.9M | 992.8M | 1.3B | 1.5B | 1.6B | |
Noncontrolling Interest In Consolidated Entity | 46.4M | 52.3M | 65.5M | 69.3M | 79.7M | 47.9M | |
Long Term Debt Total | 64.4M | 288.2M | 265.6M | 147.5M | 169.6M | 239.7M |
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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diodes Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For information on how to trade Diodes Stock refer to our How to Trade Diodes Stock guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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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.