Donegal Treasury Stock vs Total Assets Analysis
| DGICB Stock | USD 13.74 0.11 0.79% |
Donegal Group financial indicator trend analysis is much more than just examining Donegal Group B latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Donegal Group B is a good investment. Please check the relationship between Donegal Group Treasury Stock and its Total Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Donegal Group B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Treasury Stock vs Total Assets
Treasury Stock vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Donegal Group B Treasury Stock account and Total Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Donegal Group's Treasury Stock and Total Assets is -0.62. Overlapping area represents the amount of variation of Treasury Stock that can explain the historical movement of Total Assets in the same time period over historical financial statements of Donegal Group B, assuming nothing else is changed. The correlation between historical values of Donegal Group's Treasury Stock and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Treasury Stock of Donegal Group B are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Treasury Stock i.e., Donegal Group's Treasury Stock and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.62 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Treasury Stock
Total Assets
Total assets refers to the total amount of Donegal Group assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Donegal Group B books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Donegal Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Donegal Group B 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 Donegal Group B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. At present, Donegal Group's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 2.9 M, whereas Enterprise Value is forecasted to decline to about 203.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 816.5M | 454.0 | 927.3M | 973.7M | Total Revenue | 816.5M | 454.0 | 927.3M | 973.7M |
Donegal Group fundamental ratios Correlations
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Donegal Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Donegal Group fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 1.9B | 2.2B | 2.3B | 2.2B | 1.7B | 958.3M | |
| Total Stockholder Equity | 451.0M | 517.8M | 531.0M | 483.6M | 479.7M | 272.1M | |
| Retained Earnings | 223.3M | 258.4M | 263.7M | 240.6M | 217.8M | 138.6M | |
| Other Assets | (359.6M) | (329.3M) | (276.6M) | 882.6M | 1.0 | 1.05 | |
| Common Stock Shares Outstanding | 28.2M | 28.9M | 30.6M | 31.4M | 32.6M | 22.7M | |
| Liabilities And Stockholders Equity | 1.9B | 2.2B | 2.3B | 2.2B | 1.7B | 958.3M | |
| Other Stockholder Equity | 226.9M | 247.9M | 263.7M | 284.4M | 294.5M | 309.2M | |
| Total Liab | 1.5B | 1.6B | 38.9M | 1.8B | 1.2B | 637.4M | |
| Short Long Term Debt Total | 123M | 90M | 75M | 35M | 40.3M | 49.3M | |
| Total Current Liabilities | 37.1M | 88.2M | 38.9M | 43.5M | 703.0M | 667.9M | |
| Property Plant And Equipment Net | 4.6M | 4.4M | 3.0M | 2.8M | 2.6M | 5.0M | |
| Net Debt | (9.3M) | (13.1M) | (22.7M) | 9.9M | 11.2M | 20.9M | |
| Non Current Assets Total | 1.1B | 1.2B | 1.3B | 30.9M | 1.4B | 1.3B | |
| Non Currrent Assets Other | (8.5B) | (5.7B) | (6.7B) | (1.3B) | (11.2M) | (10.6M) | |
| Net Receivables | 532.8M | 578.5M | 642.4M | 630.4M | 632.5M | 664.2M | |
| Property Plant And Equipment Gross | 7.3M | 4.7M | 4.6M | 4.4M | 5.0M | 5.2M | |
| Total Current Assets | 1.2B | 1.3B | 1.2B | 1.3B | 311.5M | 296.0M | |
| Short Term Debt | 59M | 60M | 35M | 85M | 40.3M | 43.4M | |
| Other Current Liab | (37.1M) | (88.2M) | (38.9M) | 5.0M | 688.7M | 654.2M | |
| Accounts Payable | 2.1M | 3.2M | 3.9M | 3.5M | 8.8M | 6.0M | |
| Cash | 49.3M | 103.1M | 57.7M | 25.1M | 23.8M | 22.1M | |
| Cash And Short Term Investments | 628.3M | 679.1M | 603.0M | 606.2M | 360.5M | 290.7M | |
| Common Stock Total Equity | 318.5K | 333.0K | 344.1K | 357.7K | 321.9K | 305.8K | |
| Short Term Investments | 579.0M | 576.0M | 545.3M | 581.1M | 86.7M | 82.4M | |
| Accumulated Other Comprehensive Income | 504K | 11.1M | 3.3M | (41.7M) | (32.9M) | (31.2M) | |
| Common Stock | 318K | 333K | 344K | 357K | 364.1K | 345.9K | |
| Other Current Assets | 265.4M | 377.9M | 321.6M | 312.8M | 311.5M | 296.0M | |
| Inventory | (265.4M) | (377.9M) | (321.6M) | (219.6M) | (497.5B) | (472.7B) | |
| Property Plant Equipment | 4.6M | 4.4M | 3.0M | 2.8M | 2.5M | 3.9M | |
| Other Liab | 17.6M | 317.8M | 16.4M | 13.0M | 15.0M | 14.2M | |
| Net Tangible Assets | 444.4M | 511.2M | 531.0M | 477.0M | 429.3M | 379.5M | |
| Long Term Investments | 1.1B | 1.2B | 1.3B | 1.3B | 1.3B | 1.3B | |
| Short Long Term Debt | 59M | 60M | 35M | 85M | 31.5M | 40.3M | |
| Long Term Debt Total | 64M | 30M | 40M | 5M | 4.5M | 4.3M | |
| Capital Surpluse | 268.2M | 289.1M | 304.9M | 325.6M | 374.4M | 297.1M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Donegal Group B offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Donegal Group's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Donegal Group B Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Donegal Group B Stock:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Donegal Group B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Is Insurance space 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 Donegal Group. If investors know Donegal 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 Donegal Group 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 1.057 | Dividend Share 0.685 | Earnings Share 0.75 | Revenue Per Share 29.305 | Quarterly Revenue Growth 0.076 |
The market value of Donegal Group B is measured differently than its book value, which is the value of Donegal that is recorded on the company's balance sheet. Investors also form their own opinion of Donegal Group's value that differs from its market value or its book value, called intrinsic value, which is Donegal Group'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 Donegal Group's market value can be influenced by many factors that don't directly affect Donegal Group'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 Donegal Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Donegal Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Donegal Group'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.