DBO Retained Earnings vs Inventory Analysis

DBO Stock  CAD 0.16  0.01  6.67%   
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 Retained Earnings and its Inventory 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.

Retained Earnings vs Inventory

Retained Earnings vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of D Box Technologies Retained Earnings account and Inventory. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between D Box's Retained Earnings and Inventory is -0.69. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Inventory 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 Retained Earnings and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of D Box Technologies are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Retained Earnings i.e., D Box's Retained Earnings and Inventory go up and down completely randomly.

Correlation Coefficient

-0.69
Relationship DirectionNegative 
Relationship StrengthWeak

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Inventory

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 3rd of May 2025, Sales General And Administrative To Revenue is likely to grow to 0.36, while Selling General Administrative is likely to drop about 5.2 M.
 2022 2023 2024 2025 (projected)
Gross Profit34.1M18.7M21.5M22.5M
Total Revenue34.1M39.6M45.5M47.8M

D Box fundamental ratios Correlations

0.780.520.83-0.48-0.610.580.760.750.550.57-0.810.350.170.620.960.110.480.650.320.810.580.65-0.060.75-0.26
0.780.830.370.05-0.710.870.340.330.80.72-0.490.46-0.30.890.870.410.710.130.50.380.120.890.240.850.11
0.520.830.010.36-0.690.840.080.070.750.61-0.460.59-0.50.940.650.790.83-0.170.720.11-0.240.790.290.720.16
0.830.370.01-0.81-0.280.140.810.80.150.29-0.70.030.590.090.69-0.31-0.050.91-0.10.910.780.24-0.290.37-0.42
-0.480.050.36-0.81-0.180.19-0.82-0.820.310.140.360.21-0.590.29-0.350.450.34-0.750.44-0.62-0.640.230.520.00.59
-0.61-0.71-0.69-0.28-0.18-0.64-0.2-0.19-0.72-0.890.65-0.740.26-0.7-0.66-0.4-0.62-0.1-0.53-0.33-0.21-0.69-0.62-0.59-0.39
0.580.870.840.140.19-0.640.150.140.840.68-0.370.28-0.440.850.730.40.64-0.090.610.120.020.810.320.60.16
0.760.340.080.81-0.82-0.20.151.00.090.09-0.570.160.210.220.71-0.090.220.63-0.090.670.550.08-0.270.43-0.42
0.750.330.070.8-0.82-0.190.141.00.080.08-0.540.140.190.210.7-0.10.220.61-0.110.650.540.07-0.260.42-0.4
0.550.80.750.150.31-0.720.840.090.080.69-0.340.33-0.40.770.670.340.6-0.060.640.130.010.760.520.560.37
0.570.720.610.290.14-0.890.680.090.080.69-0.520.6-0.180.620.650.220.470.070.470.240.270.770.590.460.36
-0.81-0.49-0.46-0.70.360.65-0.37-0.57-0.54-0.34-0.52-0.49-0.3-0.47-0.7-0.23-0.4-0.66-0.38-0.81-0.59-0.440.08-0.580.35
0.350.460.590.030.21-0.740.280.160.140.330.6-0.49-0.380.580.390.640.69-0.120.290.15-0.10.330.420.590.31
0.17-0.3-0.50.59-0.590.26-0.440.210.19-0.4-0.18-0.3-0.38-0.52-0.06-0.56-0.630.79-0.240.610.63-0.2-0.52-0.2-0.56
0.620.890.940.090.29-0.70.850.220.210.770.62-0.470.58-0.520.760.630.93-0.130.720.17-0.070.820.30.830.12
0.960.870.650.69-0.35-0.660.730.710.70.670.65-0.70.39-0.060.760.210.610.420.440.60.430.740.10.76-0.14
0.110.410.79-0.310.45-0.40.4-0.09-0.10.340.22-0.230.64-0.560.630.210.68-0.380.45-0.14-0.610.330.150.470.2
0.480.710.83-0.050.34-0.620.640.220.220.60.47-0.40.69-0.630.930.610.68-0.250.630.07-0.160.620.320.790.16
0.650.13-0.170.91-0.75-0.1-0.090.630.61-0.060.07-0.66-0.120.79-0.130.42-0.38-0.25-0.190.940.780.06-0.460.21-0.52
0.320.50.72-0.10.44-0.530.61-0.09-0.110.640.47-0.380.29-0.240.720.440.450.63-0.19-0.01-0.040.70.380.40.04
0.810.380.110.91-0.62-0.330.120.670.650.130.24-0.810.150.610.170.6-0.140.070.94-0.010.730.27-0.380.52-0.45
0.580.12-0.240.78-0.64-0.210.020.550.540.010.27-0.59-0.10.63-0.070.43-0.61-0.160.78-0.040.730.13-0.160.16-0.43
0.650.890.790.240.23-0.690.810.080.070.760.77-0.440.33-0.20.820.740.330.620.060.70.270.130.350.660.14
-0.060.240.29-0.290.52-0.620.32-0.27-0.260.520.590.080.42-0.520.30.10.150.32-0.460.38-0.38-0.160.350.010.8
0.750.850.720.370.0-0.590.60.430.420.560.46-0.580.59-0.20.830.760.470.790.210.40.520.160.660.01-0.08
-0.260.110.16-0.420.59-0.390.16-0.42-0.40.370.360.350.31-0.560.12-0.140.20.16-0.520.04-0.45-0.430.140.8-0.08
Click cells to compare fundamentals

D Box Account Relationship Matchups

D Box fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets23.7M22.4M26.7M20.9M24.1M19.7M
Other Current Liab2.2M2.2M3.6M3.2M3.7M2.0M
Total Current Liabilities7.9M7.2M13.3M6.8M7.8M4.6M
Total Stockholder Equity13.5M11.8M10.9M12.1M13.9M13.7M
Net Debt(3.2M)1.4M2.5M(138K)(124.2K)(130.4K)
Retained Earnings(56.1M)(56.8M)(55.9M)(54.7M)(49.2M)(46.7M)
Accounts Payable1.2M1.7M3.7M2.3M2.7M1.4M
Cash9.1M3.9M3.1M2.9M3.4M6.0M
Cash And Short Term Investments9.1M3.9M3.1M3.1M3.6M6.5M
Net Receivables2.4M6.4M8.2M5.8M6.7M7.1M
Common Stock Shares Outstanding179.2M220.2M220.2M221.9M255.2M132.8M
Liabilities And Stockholders Equity23.7M22.4M26.7M20.9M24.1M19.7M
Other Current Assets1.3M1.1M502K650K747.5K448.8K
Other Stockholder Equity1.6M(13.6M)(12.0M)(11.2M)(12.9M)(12.2M)
Total Liab10.2M10.5M15.8M8.8M10.1M6.1M
Total Current Assets16.8M16.4M21.8M16.8M19.3M14.3M
Short Term Debt3.6M2.0M3.1M792K910.8K827.4K
Short Long Term Debt Total6.0M5.3M5.6M2.8M3.2M2.6M
Property Plant And Equipment Net3.8M3.1M2.8M2.3M2.7M4.1M
Current Deferred Revenue675K1.1M2.7M502K577.3K627.8K
Non Current Assets Total6.9M6.0M5.0M4.1M4.7M5.7M
Non Current Liabilities Total2.3M3.3M2.5M2.0M2.3M1.9M
Inventory4.5M5.2M10.0M7.2M8.3M4.3M
Property Plant And Equipment Gross20.5M20.4M21.6M22.2M25.5M26.8M
Intangible Assets2.2M2.2M1.8M1.6M1.8M1.3M
Non Currrent Assets Other917K776K373K1.6M1.8M1.9M
Accumulated Other Comprehensive Income(115K)(137K)(290K)573K659.0K626.0K
Net Tangible Assets17.4M11.8M11.3M9.7M8.7M13.5M
Other Assets68K1.1M917K776K892.4K937.0K
Short Long Term Debt3.3M1.7M2.8M546K627.9K596.5K
Property Plant Equipment6.0M5.6M3.8M3.1M2.7M5.1M
Long Term Debt1.6M2.9M2.3M2.0M1.8M2.1M
Long Term Debt Total0.01.1M2.3M3.3M3.0M2.3M
Cash And Equivalents7.3M3.4M7.4M3.9M3.5M4.5M
Net Invested Capital18.5M16.4M16.0M14.6M13.2M15.7M
Net Working Capital9.0M9.2M8.4M10.0M9.0M8.2M

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 against DBO Stock

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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.