DraftKings Ebitda vs Operating Income Analysis

DKNG Stock

USD 38.46 0.11 0.29%

DraftKings financial indicator trend analysis is much more than just examining DraftKings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DraftKings is a good investment. Please check the relationship between DraftKings Ebitda and its Operating Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DraftKings. 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.

For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.

Ebitda vs Operating Income

Ebitda vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DraftKings Ebitda account and Operating Income. At this time, the significance of the direction appears to have totally related.

The correlation between DraftKings' Ebitda and Operating Income is 1.0. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Operating Income in the same time period over historical financial statements of DraftKings, assuming nothing else is changed. The correlation between historical values of DraftKings' Ebitda and Operating 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 Ebitda of DraftKings are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Ebitda i.e., DraftKings' Ebitda and Operating Income go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Ebitda

Operating Income

Operating Income is the amount of profit realized from DraftKings 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 DraftKings 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.

Most indicators from DraftKings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DraftKings 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 DraftKings. 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.

For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.The DraftKings' current Tax Provision is estimated to increase to about 13.7 M, while Selling General Administrative is projected to decrease to roughly 456.2 M.

	2021	2022	2023	2024 (projected)
Gross Profit	501.9M	756.2M	1.4B	1.4B
Total Revenue	1.3B	2.2B	3.7B	3.8B

Gross Profit Total Revenue

DraftKings fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Common Stock Shares Outstanding	Other Current Assets	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total
Other Current Liab		1.0	0.87	-0.08	-1.0	0.56	0.42	0.93	0.85	0.82	-0.86	0.99	0.89	0.89	0.66	0.92	0.31	0.02	0.76	0.92	0.96	0.76	0.96	0.92	-0.91	0.88
Total Current Liabilities	1.0		0.87	-0.09	-0.99	0.57	0.38	0.92	0.83	0.81	-0.85	0.99	0.88	0.89	0.64	0.91	0.32	0.03	0.76	0.91	0.95	0.76	0.97	0.91	-0.9	0.88
Other Liab	0.87	0.87		0.26	-0.88	0.73	0.62	0.97	0.92	0.96	-0.96	0.9	0.98	0.91	0.82	0.98	0.62	-0.31	0.91	0.97	0.78	0.91	0.75	0.97	-0.94	0.88
Net Tangible Assets	-0.08	-0.09	0.26		0.12	0.43	0.43	0.11	0.18	0.43	-0.39	-0.06	0.32	-0.09	0.68	0.24	0.71	-0.99	0.53	0.19	-0.28	0.53	-0.21	0.16	-0.32	-0.17
Retained Earnings	-1.0	-0.99	-0.88	0.12		-0.56	-0.41	-0.94	-0.87	-0.82	0.85	-0.99	-0.88	-0.92	-0.62	-0.92	-0.31	-0.06	-0.75	-0.92	-0.96	-0.75	-0.96	-0.93	0.9	-0.92
Accounts Payable	0.56	0.57	0.73	0.43	-0.56		0.17	0.67	0.64	0.79	-0.72	0.63	0.72	0.65	0.67	0.68	0.88	-0.47	0.82	0.6	0.33	0.82	0.45	0.62	-0.71	0.63
Other Assets	0.42	0.38	0.62	0.43	-0.41	0.17		0.59	0.71	0.67	-0.69	0.42	0.67	0.5	0.73	0.6	0.41	-0.47	0.65	0.67	0.44	0.65	0.21	0.61	-0.62	0.44
Common Stock Shares Outstanding	0.93	0.92	0.97	0.11	-0.94	0.67	0.59		0.96	0.93	-0.95	0.94	0.97	0.96	0.76	0.98	0.5	-0.17	0.87	0.99	0.87	0.87	0.82	0.99	-0.94	0.93
Other Current Assets	0.85	0.83	0.92	0.18	-0.87	0.64	0.71	0.96		0.93	-0.94	0.86	0.96	0.93	0.79	0.92	0.55	-0.25	0.89	0.95	0.81	0.89	0.71	0.94	-0.92	0.9
Total Current Assets	0.82	0.81	0.96	0.43	-0.82	0.79	0.67	0.93	0.93		-0.99	0.84	0.99	0.85	0.92	0.95	0.75	-0.49	0.99	0.94	0.69	0.99	0.67	0.92	-0.97	0.8
Common Stock	-0.86	-0.85	-0.96	-0.39	0.85	-0.72	-0.69	-0.95	-0.94	-0.99		-0.86	-1.0	-0.85	-0.92	-0.98	-0.64	0.45	-0.97	-0.97	-0.75	-0.97	-0.73	-0.96	0.99	-0.8
Property Plant Equipment	0.99	0.99	0.9	-0.06	-0.99	0.63	0.42	0.94	0.86	0.84	-0.86		0.9	0.93	0.66	0.92	0.4	0.01	0.79	0.92	0.94	0.79	0.93	0.92	-0.91	0.92
Total Assets	0.89	0.88	0.98	0.32	-0.88	0.72	0.67	0.97	0.96	0.99	-1.0	0.9		0.89	0.89	0.98	0.63	-0.38	0.96	0.98	0.79	0.96	0.76	0.97	-0.99	0.85
Short Long Term Debt Total	0.89	0.89	0.91	-0.09	-0.92	0.65	0.5	0.96	0.93	0.85	-0.85	0.93	0.89		0.59	0.89	0.46	0.02	0.78	0.91	0.87	0.78	0.78	0.91	-0.84	1.0
Total Stockholder Equity	0.66	0.64	0.82	0.68	-0.62	0.67	0.73	0.76	0.79	0.92	-0.92	0.66	0.89	0.59		0.84	0.73	-0.73	0.95	0.82	0.5	0.95	0.51	0.79	-0.9	0.52
Property Plant And Equipment Net	0.92	0.91	0.98	0.24	-0.92	0.68	0.6	0.98	0.92	0.95	-0.98	0.92	0.98	0.89	0.84		0.53	-0.3	0.9	0.99	0.83	0.9	0.82	0.99	-0.97	0.85
Current Deferred Revenue	0.31	0.32	0.62	0.71	-0.31	0.88	0.41	0.5	0.55	0.75	-0.64	0.4	0.63	0.46	0.73	0.53		-0.73	0.8	0.48	0.09	0.8	0.12	0.46	-0.6	0.41
Net Debt	0.02	0.03	-0.31	-0.99	-0.06	-0.47	-0.47	-0.17	-0.25	-0.49	0.45	0.01	-0.38	0.02	-0.73	-0.3	-0.73		-0.58	-0.25	0.22	-0.58	0.16	-0.22	0.38	0.1
Cash	0.76	0.76	0.91	0.53	-0.75	0.82	0.65	0.87	0.89	0.99	-0.97	0.79	0.96	0.78	0.95	0.9	0.8	-0.58		0.88	0.61	1.0	0.61	0.86	-0.95	0.72
Non Current Assets Total	0.92	0.91	0.97	0.19	-0.92	0.6	0.67	0.99	0.95	0.94	-0.97	0.92	0.98	0.91	0.82	0.99	0.48	-0.25	0.88		0.87	0.88	0.82	1.0	-0.96	0.87
Non Currrent Assets Other	0.96	0.95	0.78	-0.28	-0.96	0.33	0.44	0.87	0.81	0.69	-0.75	0.94	0.79	0.87	0.5	0.83	0.09	0.22	0.61	0.87		0.61	0.94	0.86	-0.8	0.87
Cash And Short Term Investments	0.76	0.76	0.91	0.53	-0.75	0.82	0.65	0.87	0.89	0.99	-0.97	0.79	0.96	0.78	0.95	0.9	0.8	-0.58	1.0	0.88	0.61		0.61	0.86	-0.95	0.72
Net Receivables	0.96	0.97	0.75	-0.21	-0.96	0.45	0.21	0.82	0.71	0.67	-0.73	0.93	0.76	0.78	0.51	0.82	0.12	0.16	0.61	0.82	0.94	0.61		0.83	-0.81	0.78
Good Will	0.92	0.91	0.97	0.16	-0.93	0.62	0.61	0.99	0.94	0.92	-0.96	0.92	0.97	0.91	0.79	0.99	0.46	-0.22	0.86	1.0	0.86	0.86	0.83		-0.95	0.88
Common Stock Total Equity	-0.91	-0.9	-0.94	-0.32	0.9	-0.71	-0.62	-0.94	-0.92	-0.97	0.99	-0.91	-0.99	-0.84	-0.9	-0.97	-0.6	0.38	-0.95	-0.96	-0.8	-0.95	-0.81	-0.95		-0.8
Non Current Liabilities Total	0.88	0.88	0.88	-0.17	-0.92	0.63	0.44	0.93	0.9	0.8	-0.8	0.92	0.85	1.0	0.52	0.85	0.41	0.1	0.72	0.87	0.87	0.72	0.78	0.88	-0.8

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DraftKings Account Relationship Matchups

DraftKings fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	163.0M	481.2M	798.9M	1.2B	1.3B	1.4B
Total Current Liabilities	255.1M	554.4M	929.4M	1.2B	1.5B	1.6B
Other Liab	56.9M	119.4M	155.3M	150.6M	173.2M	96.8M
Net Tangible Assets	(88.3M)	1.6B	527.9M	(340.6M)	(391.7M)	(372.1M)
Retained Earnings	(998.8M)	(1.8B)	(3.8B)	(5.1B)	(5.9B)	(5.6B)
Accounts Payable	16.6M	28.1M	52.5M	10.1M	34.1M	26.1M
Other Assets	2.4M	78.7M	45.4M	124.1M	1.0	0.95
Other Current Assets	20.8M	302.3M	502.6M	564.5M	439.9M	306.0M
Total Current Assets	261.1M	2.2B	2.8B	2.1B	2.1B	1.5B
Common Stock	390K	79K	80K	84K	85K	169.4K
Property Plant Equipment	25.9M	40.8M	109.9M	126.1M	145.0M	152.2M
Total Assets	330.7M	3.4B	4.1B	4.0B	3.9B	3.0B
Short Long Term Debt Total	75.1M	81.6M	1.3B	1.3B	1.3B	760.8M
Total Stockholder Equity	(308.0M)	2.7B	1.7B	1.3B	840.3M	1.1B
Property Plant And Equipment Net	25.9M	108.9M	109.9M	126.1M	154.7M	98.9M
Current Deferred Revenue	68.7M	195.6M	335.2M	17.4M	43.6M	41.5M
Net Debt	(1.4M)	(1.7B)	(834.3M)	15.5M	75.6M	79.4M
Cash	76.5M	1.8B	2.2B	1.3B	1.3B	1.2B
Non Current Assets Total	69.6M	1.2B	1.3B	2.0B	1.9B	1.2B
Non Currrent Assets Other	2.4M	7.6M	45.4M	155.9M	131.5M	138.1M
Cash And Short Term Investments	76.5M	1.8B	2.2B	1.3B	1.3B	1.2B
Net Receivables	19.8M	74.8M	97.8M	211.2M	349.3M	366.8M
Liabilities And Stockholders Equity	330.7M	3.4B	4.1B	4.0B	3.9B	3.0B
Non Current Liabilities Total	383.6M	188.1M	1.5B	1.5B	1.6B	980.4M
Inventory	144M	287.7M	477.0M	469.7M	540.1M	327.8M
Other Stockholder Equity	690.4M	4.8B	5.4B	6.4B	6.7B	4.5B
Total Liab	638.7M	742.5M	2.4B	2.7B	3.1B	1.8B
Net Invested Capital	(232.8M)	2.7B	2.9B	2.6B	2.1B	1.8B
Long Term Investments	2.5M	3.0M	9.8M	10.1M	10.3M	6.5M
Property Plant And Equipment Gross	25.9M	108.9M	150.3M	126.1M	230.1M	120.2M
Capital Stock	390K	79K	80K	84K	85K	146.9K
Non Current Liabilities Other	56.9M	116.1M	133.5M	70.0M	84.0M	89.4M
Net Working Capital	6.1M	1.6B	1.8B	838.4M	521.7M	897.6M
Short Term Debt	6.8M	25.7M	25.6M	8.5M	23.0M	17.1M
Intangible Assets	33.9M	555.9M	535.0M	776.9M	690.6M	478.4M

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V	Visa Class A

When determining whether DraftKings is a strong investment it is important to analyze DraftKings' 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 DraftKings' future performance. For an informed investment choice regarding DraftKings Stock, refer to the following important reports:

How To Invest In DraftKings

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Is DraftKings Stock a good investment?

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What is DraftKings' Net Worth?

Details

Largest Hotels, Restaurants & Leisure Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DraftKings. 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.

For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.

You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

Is Hotels, Restaurants & Leisure 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 DraftKings. If investors know DraftKings 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 DraftKings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.87)

Revenue Per Share

9.655

Quarterly Revenue Growth

0.387

Return On Assets

(0.07)

Return On Equity

(0.44)

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

Ebitda vs Operating Income

Ebitda vs Operating Income Correlation Analysis

Correlation Coefficient

Ebitda

Operating Income

DraftKings fundamental ratios Correlations

DraftKings Account Relationship Matchups

High Positive Relationship

High Negative Relationship

DraftKings fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Other Current Liab
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Good Will	+ 1.0	Non Current Assets Total
Property Plant Equipment	+ 0.99	Other Current Liab
Property Plant Equipment	+ 0.99	Total Current Liabilities

Total Assets	- 1.0	Common Stock
Retained Earnings	- 1.0	Other Current Liab
Common Stock Total Equity	- 0.99	Total Assets
Common Stock	- 0.99	Total Current Assets
Property Plant Equipment	- 0.99	Retained Earnings
Net Debt	- 0.99	Net Tangible Assets