Digital Net Income vs Change To Inventory Analysis

DGLY Stock

USD 0.80 0.03 3.61%

Digital Ally financial indicator trend analysis is much more than just examining Digital Ally latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Digital Ally is a good investment. Please check the relationship between Digital Ally Net Income and its Change To Inventory accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digital Ally. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Digital Stock please use our How to Invest in Digital Ally guide.

Net Income vs Change To Inventory

Net Income vs Change To Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Digital Ally Net Income account and Change To Inventory. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Digital Ally's Net Income and Change To Inventory is -0.57. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Digital Ally, assuming nothing else is changed. The correlation between historical values of Digital Ally's Net Income and Change To 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 Net Income of Digital Ally are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Net Income i.e., Digital Ally's Net Income and Change To Inventory go up and down completely randomly.

Correlation Coefficient

-0.57

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Income

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

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Most indicators from Digital Ally's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Digital Ally 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 Digital Ally. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Digital Stock please use our How to Invest in Digital Ally guide.Enterprise Value is likely to rise to about 29.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 9.7 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	5.7M	2.3M	5.8M	6.3M
Total Revenue	21.4M	37.0M	28.2M	21.4M

Gross Profit Total Revenue

Digital Ally fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		-0.04	0.82	0.73	0.91	0.81	0.48	-0.63	-0.45	0.57	0.76	0.78	0.53	0.71	0.76	0.82	-0.58	0.77	0.24	0.91	0.7	0.62	0.75	0.9	0.06	0.53
Short Long Term Debt Total	-0.04		0.12	0.52	-0.36	0.28	0.63	0.55	-0.61	0.5	-0.27	0.33	0.47	0.31	-0.27	0.06	-0.03	0.37	-0.14	0.17	0.43	0.7	0.37	-0.17	0.62	-0.28
Other Current Liab	0.82	0.12		0.74	0.75	0.6	0.35	-0.69	-0.3	0.35	0.88	0.58	0.32	0.57	0.88	0.46	-0.45	0.6	0.27	0.74	0.52	0.6	0.58	0.89	0.16	0.69
Total Current Liabilities	0.73	0.52	0.74		0.52	0.89	0.77	-0.13	-0.7	0.86	0.39	0.89	0.8	0.82	0.39	0.64	-0.58	0.9	0.08	0.88	0.81	0.95	0.91	0.58	0.63	0.21
Total Stockholder Equity	0.91	-0.36	0.75	0.52		0.68	0.23	-0.78	-0.2	0.37	0.82	0.63	0.36	0.59	0.82	0.73	-0.54	0.61	0.34	0.8	0.52	0.36	0.6	0.92	-0.17	0.6
Property Plant And Equipment Net	0.81	0.28	0.6	0.89	0.68		0.74	-0.16	-0.66	0.92	0.35	1.0	0.92	0.93	0.35	0.79	-0.63	0.97	-0.01	0.96	0.82	0.86	0.99	0.58	0.36	0.15
Current Deferred Revenue	0.48	0.63	0.35	0.77	0.23	0.74		0.15	-0.98	0.81	0.08	0.76	0.8	0.6	0.08	0.53	-0.42	0.85	-0.05	0.67	0.94	0.87	0.74	0.28	0.44	0.07
Net Debt	-0.63	0.55	-0.69	-0.13	-0.78	-0.16	0.15		-0.14	0.2	-0.93	-0.11	0.22	-0.07	-0.93	-0.24	0.15	-0.13	-0.31	-0.38	-0.13	0.07	-0.07	-0.82	0.42	-0.84
Retained Earnings	-0.45	-0.61	-0.3	-0.7	-0.2	-0.66	-0.98	-0.14		-0.73	-0.06	-0.68	-0.72	-0.51	-0.06	-0.53	0.43	-0.79	-0.02	-0.61	-0.94	-0.81	-0.65	-0.27	-0.4	-0.08
Accounts Payable	0.57	0.5	0.35	0.86	0.37	0.92	0.81	0.2	-0.73		0.01	0.94	0.97	0.87	0.01	0.7	-0.58	0.91	-0.06	0.8	0.78	0.89	0.94	0.29	0.57	-0.18
Cash	0.76	-0.27	0.88	0.39	0.82	0.35	0.08	-0.93	-0.06	0.01		0.31	-0.02	0.28	1.0	0.36	-0.26	0.34	0.34	0.55	0.33	0.23	0.29	0.93	-0.22	0.86
Non Current Assets Total	0.78	0.33	0.58	0.89	0.63	1.0	0.76	-0.11	-0.68	0.94	0.31		0.93	0.93	0.31	0.76	-0.61	0.98	-0.05	0.95	0.82	0.88	0.99	0.53	0.37	0.11
Non Currrent Assets Other	0.53	0.47	0.32	0.8	0.36	0.92	0.8	0.22	-0.72	0.97	-0.02	0.93		0.89	-0.02	0.66	-0.6	0.91	-0.14	0.78	0.77	0.86	0.94	0.24	0.45	-0.16
Other Assets	0.71	0.31	0.57	0.82	0.59	0.93	0.6	-0.07	-0.51	0.87	0.28	0.93	0.89		0.28	0.72	-0.67	0.86	0.03	0.84	0.66	0.81	0.94	0.5	0.27	0.0
Cash And Short Term Investments	0.76	-0.27	0.88	0.39	0.82	0.35	0.08	-0.93	-0.06	0.01	1.0	0.31	-0.02	0.28		0.36	-0.26	0.34	0.34	0.55	0.33	0.23	0.29	0.93	-0.22	0.86
Net Receivables	0.82	0.06	0.46	0.64	0.73	0.79	0.53	-0.24	-0.53	0.7	0.36	0.76	0.66	0.72	0.36		-0.66	0.74	0.41	0.8	0.71	0.6	0.75	0.66	0.16	0.11
Common Stock Total Equity	-0.58	-0.03	-0.45	-0.58	-0.54	-0.63	-0.42	0.15	0.43	-0.58	-0.26	-0.61	-0.6	-0.67	-0.26	-0.66		-0.62	-0.37	-0.63	-0.57	-0.5	-0.59	-0.5	-0.19	-0.02
Common Stock Shares Outstanding	0.77	0.37	0.6	0.9	0.61	0.97	0.85	-0.13	-0.79	0.91	0.34	0.98	0.91	0.86	0.34	0.74	-0.62		-0.04	0.94	0.91	0.89	0.96	0.55	0.37	0.22
Inventory	0.24	-0.14	0.27	0.08	0.34	-0.01	-0.05	-0.31	-0.02	-0.06	0.34	-0.05	-0.14	0.03	0.34	0.41	-0.37	-0.04		0.06	0.15	0.01	-0.05	0.51	-0.05	0.13
Other Current Assets	0.91	0.17	0.74	0.88	0.8	0.96	0.67	-0.38	-0.61	0.8	0.55	0.95	0.78	0.84	0.55	0.8	-0.63	0.94	0.06		0.81	0.79	0.92	0.74	0.28	0.36
Other Stockholder Equity	0.7	0.43	0.52	0.81	0.52	0.82	0.94	-0.13	-0.94	0.78	0.33	0.82	0.77	0.66	0.33	0.71	-0.57	0.91	0.15	0.81		0.84	0.78	0.55	0.31	0.27
Total Liab	0.62	0.7	0.6	0.95	0.36	0.86	0.87	0.07	-0.81	0.89	0.23	0.88	0.86	0.81	0.23	0.6	-0.5	0.89	0.01	0.79	0.84		0.89	0.43	0.59	0.07
Property Plant And Equipment Gross	0.75	0.37	0.58	0.91	0.6	0.99	0.74	-0.07	-0.65	0.94	0.29	0.99	0.94	0.94	0.29	0.75	-0.59	0.96	-0.05	0.92	0.78	0.89		0.51	0.42	0.07
Total Current Assets	0.9	-0.17	0.89	0.58	0.92	0.58	0.28	-0.82	-0.27	0.29	0.93	0.53	0.24	0.5	0.93	0.66	-0.5	0.55	0.51	0.74	0.55	0.43	0.51		-0.07	0.7
Short Term Debt	0.06	0.62	0.16	0.63	-0.17	0.36	0.44	0.42	-0.4	0.57	-0.22	0.37	0.45	0.27	-0.22	0.16	-0.19	0.37	-0.05	0.28	0.31	0.59	0.42	-0.07		-0.26
Common Stock	0.53	-0.28	0.69	0.21	0.6	0.15	0.07	-0.84	-0.08	-0.18	0.86	0.11	-0.16	0.0	0.86	0.11	-0.02	0.22	0.13	0.36	0.27	0.07	0.07	0.7	-0.26

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Digital Ally Account Relationship Matchups

Digital Ally fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.9M	20.8M	83.0M	56.7M	47.0M	24.4M
Short Long Term Debt Total	8.5M	996.8K	2.2M	1.8M	9.9M	10.4M
Other Current Liab	851.8K	796.1K	16.0M	1.6M	4.6M	4.9M
Total Current Liabilities	6.9M	3.7M	23.0M	13.5M	22.5M	23.7M
Total Stockholder Equity	(6.3M)	14.4M	55.8M	35.9M	10.8M	13.1M
Property Plant And Equipment Net	319.5K	1.4M	7.8M	8.7M	8.3M	8.8M
Current Deferred Revenue	1.7M	1.6M	1.7M	2.2M	2.9M	3.1M
Net Debt	1.7M	(3.4M)	(29.8M)	(1.8M)	9.2M	9.7M
Retained Earnings	(87.4M)	(90.0M)	(68.7M)	(92.0M)	(117.7M)	(111.8M)
Accounts Payable	2.3M	1.1M	4.6M	9.5M	10.7M	11.3M
Cash	359.7K	4.4M	32.0M	3.5M	680.5K	646.5K
Non Current Assets Total	1.3M	3.0M	26.8M	31.7M	31.4M	33.0M
Non Currrent Assets Other	532.5K	1.2M	2.1M	5.2M	6.6M	6.9M
Other Assets	205.0K	302.1K	1.0	2.1M	2.4M	2.5M
Cash And Short Term Investments	359.7K	4.4M	32.0M	3.5M	680.5K	646.5K
Net Receivables	1.6M	3.2M	4.7M	6.1M	4.7M	3.8M
Common Stock Total Equity	7.0K	10.4K	12.1K	26.84	24.16	22.95
Common Stock Shares Outstanding	573.9K	1.1M	2.5M	2.5M	2.8M	2.9M
Liabilities And Stockholders Equity	8.9M	20.8M	83.0M	56.7M	47.0M	24.4M
Inventory	5.3M	8.2M	9.7M	6.8M	3.8M	7.6M
Other Current Assets	381.1K	2.0M	9.7M	8.5M	6.4M	6.7M
Other Stockholder Equity	81.1M	104.3M	124.4M	127.9M	128.4M	134.9M
Total Liab	15.2M	6.4M	27.1M	20.3M	35.6M	37.4M
Property Plant And Equipment Gross	319.5K	753.18	7.8M	8.7M	9.8M	10.3M
Total Current Assets	7.7M	17.8M	56.1M	25.0M	15.6M	17.6M
Short Term Debt	2.0M	125.2K	763.3K	780.0K	4.2M	4.5M
Common Stock	12.1K	26.8K	50.9K	2.7K	2.8K	2.7K
Property Plant Equipment	247.5K	197.1K	1.4M	7.8M	9.0M	9.5M
Other Liab	2.0M	1.8M	1.8M	2.7M	3.1M	3.2M
Non Current Liabilities Total	8.3M	2.7M	4.1M	6.8M	13.0M	13.7M
Intangible Assets	413.3K	392.6K	7.0M	6.5M	5.1M	5.4M
Net Tangible Assets	(1.9M)	(6.7M)	14.0M	38.9M	44.7M	47.0M
Long Term Debt	6.5M	148.3K	727.3K	442.5K	4.9M	2.9M
Retained Earnings Total Equity	(61.9M)	(77.4M)	(87.4M)	(90.0M)	(81.0M)	(77.0M)
Capital Surpluse	64.9M	78.1M	83.2M	106.5M	122.5M	128.6M

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Digital Net Income vs Change To Inventory Analysis

Net Income vs Change To Inventory

Net Income vs Change To Inventory Correlation Analysis

Correlation Coefficient

Net Income

Change To Inventory

Digital Ally fundamental ratios Correlations

Digital Ally Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Digital Ally fundamental ratios Accounts

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COMMON DESTINATIONS

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Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Gross	+ 0.99	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.99	Non Current Assets Total
Common Stock Shares Outstanding	+ 0.98	Non Current Assets Total
Common Stock Shares Outstanding	+ 0.97	Property Plant And Equipment Net

Retained Earnings	- 0.98	Current Deferred Revenue
Other Stockholder Equity	- 0.94	Retained Earnings
Cash And Short Term Investments	- 0.93	Net Debt
Cash	- 0.93	Net Debt
Common Stock	- 0.84	Net Debt
Total Current Assets	- 0.82	Net Debt