Ducommun Net Income vs Change In Working Capital Analysis

DCO Stock

USD 65.15 0.02 0.03%

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

To learn how to invest in Ducommun Stock, please use our How to Invest in Ducommun Incorporated guide.

Net Income vs Change In Working Capital

Net Income vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ducommun Incorporated Net Income account and Change In Working Capital. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Ducommun Incorporated's Net Income and Change In Working Capital is -0.37. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Ducommun Incorporated, assuming nothing else is changed. The correlation between historical values of Ducommun Incorporated's Net Income and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Ducommun Incorporated are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Net Income i.e., Ducommun Incorporated's Net Income and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

-0.37

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Ducommun Incorporated financial statement analysis. It represents the amount of money remaining after all of Ducommun Incorporated operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

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

To learn how to invest in Ducommun Stock, please use our How to Invest in Ducommun Incorporated guide.At this time, Ducommun Incorporated's Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Tax Provision is likely to grow to about 2.4 M, while Enterprise Value is likely to drop about 111.1 M.

	2021	2022	2023	2024 (projected)
Gross Profit	142.5M	144.3M	163.2M	84.0M
Total Revenue	645.4M	712.5M	757.0M	395.2M

Gross Profit Total Revenue

Ducommun Incorporated fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.67	0.07	0.92	0.91	0.54	0.57	0.93	0.76	0.96	0.17	0.76	0.85	0.65	0.24	0.87	0.23	0.75	0.76	0.81	0.96	0.58	0.5	0.55	0.73	0.71
Short Long Term Debt Total	0.67		-0.1	0.45	0.32	0.4	0.97	0.38	0.77	0.77	0.07	0.77	0.3	0.45	0.81	0.47	0.51	0.13	0.97	0.28	0.52	0.05	0.81	0.48	0.2	0.19
Other Current Liab	0.07	-0.1		0.24	0.1	0.03	-0.21	0.15	0.33	-0.1	0.1	0.33	0.27	-0.19	-0.05	-0.02	-0.18	-0.05	-0.01	-0.01	0.23	-0.02	-0.18	0.01	-0.02	-0.03
Total Current Liabilities	0.92	0.45	0.24		0.93	0.56	0.34	0.95	0.65	0.82	0.16	0.65	0.97	0.57	0.02	0.76	0.0	0.76	0.57	0.77	0.96	0.67	0.25	0.57	0.75	0.72
Total Stockholder Equity	0.91	0.32	0.1	0.93		0.47	0.2	0.99	0.54	0.81	0.2	0.54	0.93	0.58	-0.15	0.86	-0.03	0.91	0.43	0.91	0.95	0.77	0.17	0.4	0.83	0.82
Property Plant And Equipment Net	0.54	0.4	0.03	0.56	0.47		0.32	0.55	0.46	0.56	-0.5	0.46	0.51	0.87	0.39	0.21	0.06	0.2	0.44	0.34	0.48	0.33	0.57	0.91	0.72	0.66
Net Debt	0.57	0.97	-0.21	0.34	0.2	0.32		0.25	0.61	0.69	0.09	0.61	0.17	0.41	0.82	0.38	0.51	0.06	0.93	0.15	0.39	-0.08	0.81	0.43	0.12	0.11
Retained Earnings	0.93	0.38	0.15	0.95	0.99	0.55	0.25		0.62	0.84	0.1	0.62	0.94	0.62	-0.06	0.83	0.02	0.83	0.49	0.88	0.96	0.75	0.24	0.49	0.81	0.79
Cash	0.76	0.77	0.33	0.65	0.54	0.46	0.61	0.62		0.72	0.06	1.0	0.58	0.39	0.54	0.55	0.36	0.28	0.81	0.51	0.74	0.28	0.56	0.45	0.35	0.32
Non Current Assets Total	0.96	0.77	-0.1	0.82	0.81	0.56	0.69	0.84	0.72		0.07	0.72	0.7	0.73	0.39	0.82	0.31	0.64	0.84	0.71	0.86	0.44	0.66	0.62	0.67	0.65
Non Currrent Assets Other	0.17	0.07	0.1	0.16	0.2	-0.5	0.09	0.1	0.06	0.07		0.06	0.18	-0.48	-0.16	0.48	0.1	0.4	0.06	0.24	0.26	0.23	-0.18	-0.5	-0.01	0.08
Cash And Short Term Investments	0.76	0.77	0.33	0.65	0.54	0.46	0.61	0.62	1.0	0.72	0.06		0.58	0.39	0.54	0.55	0.36	0.28	0.81	0.51	0.74	0.28	0.56	0.45	0.35	0.32
Net Receivables	0.85	0.3	0.27	0.97	0.93	0.51	0.17	0.94	0.58	0.7	0.18	0.58		0.48	-0.16	0.71	-0.15	0.81	0.39	0.81	0.93	0.78	0.06	0.44	0.77	0.74
Common Stock Shares Outstanding	0.65	0.45	-0.19	0.57	0.58	0.87	0.41	0.62	0.39	0.73	-0.48	0.39	0.48		0.37	0.41	0.18	0.38	0.53	0.47	0.53	0.25	0.67	0.84	0.78	0.73
Non Current Liabilities Total	0.24	0.81	-0.05	0.02	-0.15	0.39	0.82	-0.06	0.54	0.39	-0.16	0.54	-0.16	0.37		0.05	0.65	-0.37	0.78	-0.19	0.07	-0.4	0.9	0.49	-0.05	-0.07
Inventory	0.87	0.47	-0.02	0.76	0.86	0.21	0.38	0.83	0.55	0.82	0.48	0.55	0.71	0.41	0.05		0.28	0.83	0.56	0.79	0.87	0.59	0.33	0.2	0.63	0.65
Other Current Assets	0.23	0.51	-0.18	0.0	-0.03	0.06	0.51	0.02	0.36	0.31	0.1	0.36	-0.15	0.18	0.65	0.28		-0.15	0.54	-0.04	0.12	-0.3	0.64	0.19	-0.03	-0.02
Other Stockholder Equity	0.75	0.13	-0.05	0.76	0.91	0.2	0.06	0.83	0.28	0.64	0.4	0.28	0.81	0.38	-0.37	0.83	-0.15		0.21	0.89	0.8	0.75	-0.04	0.11	0.78	0.8
Total Liab	0.76	0.97	-0.01	0.57	0.43	0.44	0.93	0.49	0.81	0.84	0.06	0.81	0.39	0.53	0.78	0.56	0.54	0.21		0.34	0.62	0.05	0.83	0.57	0.29	0.27
Property Plant And Equipment Gross	0.81	0.28	-0.01	0.77	0.91	0.34	0.15	0.88	0.51	0.71	0.24	0.51	0.81	0.47	-0.19	0.79	-0.04	0.89	0.34		0.84	0.73	0.12	0.2	0.76	0.76
Total Current Assets	0.96	0.52	0.23	0.96	0.95	0.48	0.39	0.96	0.74	0.86	0.26	0.74	0.93	0.53	0.07	0.87	0.12	0.8	0.62	0.84		0.67	0.3	0.44	0.74	0.72
Short Term Debt	0.58	0.05	-0.02	0.67	0.77	0.33	-0.08	0.75	0.28	0.44	0.23	0.28	0.78	0.25	-0.4	0.59	-0.3	0.75	0.05	0.73	0.67		-0.19	0.12	0.64	0.63
Intangible Assets	0.5	0.81	-0.18	0.25	0.17	0.57	0.81	0.24	0.56	0.66	-0.18	0.56	0.06	0.67	0.9	0.33	0.64	-0.04	0.83	0.12	0.3	-0.19		0.66	0.3	0.28
Accounts Payable	0.55	0.48	0.01	0.57	0.4	0.91	0.43	0.49	0.45	0.62	-0.5	0.45	0.44	0.84	0.49	0.2	0.19	0.11	0.57	0.2	0.44	0.12	0.66		0.57	0.51
Common Stock Total Equity	0.73	0.2	-0.02	0.75	0.83	0.72	0.12	0.81	0.35	0.67	-0.01	0.35	0.77	0.78	-0.05	0.63	-0.03	0.78	0.29	0.76	0.74	0.64	0.3	0.57		0.99
Common Stock	0.71	0.19	-0.03	0.72	0.82	0.66	0.11	0.79	0.32	0.65	0.08	0.32	0.74	0.73	-0.07	0.65	-0.02	0.8	0.27	0.76	0.72	0.63	0.28	0.51	0.99

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Ducommun Incorporated Account Relationship Matchups

Ducommun Incorporated fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	790.4M	837.3M	978.7M	1.0B	1.1B	1.2B
Short Long Term Debt Total	328.4M	336.6M	320.6M	282.8M	295.6M	310.4M
Other Current Liab	37.6M	37.3M	52.5M	63.3M	34.2M	30.6M
Total Current Liabilities	144.7M	142.9M	162.6M	199.4M	183.7M	192.9M
Total Stockholder Equity	292.8M	329.3M	474.6M	526.0M	636.1M	667.9M
Property Plant And Equipment Net	134.3M	126.3M	135.7M	140.9M	140.9M	73.3M
Net Debt	288.8M	280.1M	244.3M	236.6M	252.7M	265.4M
Retained Earnings	212.6M	241.7M	377.3M	406.1M	422.0M	443.1M
Cash	39.6M	56.5M	76.3M	46.2M	42.9M	45.0M
Non Current Assets Total	449.7M	427.1M	486.2M	494.2M	571.4M	599.9M
Non Currrent Assets Other	6.0M	5.1M	5.0M	8.8M	18.9M	19.8M
Cash And Short Term Investments	39.6M	56.5M	76.3M	46.2M	42.9M	45.0M
Net Receivables	173.8M	212.1M	248.7M	295.2M	282.4M	296.5M
Common Stock Shares Outstanding	11.8M	11.9M	12.3M	12.4M	14.0M	10.5M
Liabilities And Stockholders Equity	790.4M	837.3M	978.7M	1.0B	1.1B	1.2B
Non Current Liabilities Total	352.9M	365.1M	341.6M	296.1M	301.1M	154.6M
Inventory	112.5M	129.2M	150.9M	171.2M	207.0M	217.3M
Other Current Assets	5.5M	12.5M	16.6M	14.6M	17.3M	10.1M
Other Stockholder Equity	88.4M	97.1M	104.3M	112.0M	206.2M	216.5M
Total Liab	497.6M	508.0M	504.1M	495.5M	484.8M	509.1M
Property Plant And Equipment Gross	134.3M	126.3M	303.8M	140.9M	322.3M	338.4M
Total Current Assets	340.8M	410.3M	492.6M	527.3M	549.6M	577.0M
Accumulated Other Comprehensive Income	(8.3M)	(9.6M)	(7.0M)	7.7M	7.8M	8.2M
Short Term Debt	10.0M	13.3M	19.3M	20.6M	23.6M	24.7M
Intangible Assets	138.4M	124.7M	141.8M	127.2M	166.3M	83.2M
Accounts Payable	82.6M	64.0M	66.1M	90.1M	72.3M	36.4M
Common Stock Total Equity	116K	117K	119K	121K	139.2K	118.1K
Common Stock	116K	117K	119K	121K	146K	119.8K
Other Liab	32.5M	34.1M	38.6M	25.6M	29.4M	21.8M
Other Assets	6.1M	21.5M	5.0M	22.7M	26.1M	27.4M
Long Term Debt	300.9M	311.9M	279.4M	240.6M	257.0M	190.8M
Good Will	170.9M	170.8M	203.7M	203.4M	244.6M	133.4M
Property Plant Equipment	115.2M	110.0M	102.4M	106.2M	122.2M	89.7M
Net Tangible Assets	(16.5M)	33.8M	129.1M	195.4M	224.7M	235.9M
Current Deferred Revenue	14.5M	28.3M	42.1M	47.1M	53.5M	56.2M
Retained Earnings Total Equity	212.6M	241.7M	377.3M	406.1M	467.0M	490.3M
Long Term Debt Total	300.9M	311.9M	279.4M	240.6M	216.5M	213.4M
Capital Surpluse	88.4M	97.1M	104.3M	112.0M	128.8M	94.0M
Deferred Long Term Liab	16.8M	17.0M	18.7M	14.0M	12.6M	20.0M
Non Current Liabilities Other	35.3M	36.2M	43.5M	41.6M	16.4M	29.5M

Pair Trading with Ducommun 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 Ducommun 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 Ducommun Incorporated will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Ducommun 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 Ducommun 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 Ducommun 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 Ducommun Incorporated to buy it.

The correlation of Ducommun 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 Ducommun Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ducommun 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 Ducommun 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 Ducommun Incorporated offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ducommun Incorporated'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 Ducommun Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ducommun Incorporated Stock:

How To Invest In Ducommun

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Is Ducommun Stock a good investment?

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What is Ducommun Incorporated's Net Worth?

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

To learn how to invest in Ducommun Stock, please use our How to Invest in Ducommun Incorporated guide.

You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Is Aerospace & Defense 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 Ducommun Incorporated. If investors know Ducommun 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 Ducommun 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

2.05

Earnings Share

Revenue Per Share

53.056

Quarterly Revenue Growth

0.026

Return On Assets

0.0333

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

Net Income vs Change In Working Capital

Net Income vs Change In Working Capital Correlation Analysis

Correlation Coefficient

Net Income

Change In Working Capital

Ducommun Incorporated fundamental ratios Correlations

Ducommun Incorporated Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ducommun Incorporated fundamental ratios Accounts

Pair Trading with Ducommun Incorporated

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Retained Earnings	+ 0.99	Total Stockholder Equity
Common Stock	+ 0.99	Common Stock Total Equity
Net Debt	+ 0.97	Short Long Term Debt Total
Total Liab	+ 0.97	Short Long Term Debt Total
Net Receivables	+ 0.97	Total Current Liabilities

Accounts Payable	- 0.5	Non Currrent Assets Other
Non Currrent Assets Other	- 0.5	Property Plant And Equipment Net
Common Stock Shares Outstanding	- 0.48	Non Currrent Assets Other
Short Term Debt	- 0.4	Non Current Liabilities Total
Other Stockholder Equity	- 0.37	Non Current Liabilities Total
Short Term Debt	- 0.3	Other Current Assets