DraftKings Change To Netincome vs Depreciation Analysis

DKNG Stock

USD 39.29 0.39 0.98%

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 Change To Netincome and its Depreciation 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.

Change To Netincome vs Depreciation

Change To Netincome vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DraftKings Change To Netincome account and Depreciation. At this time, the significance of the direction appears to have very strong relationship.

The correlation between DraftKings' Change To Netincome and Depreciation is 0.84. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Depreciation in the same time period over historical financial statements of DraftKings, assuming nothing else is changed. The correlation between historical values of DraftKings' Change To Netincome and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of DraftKings are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change To Netincome i.e., DraftKings' Change To Netincome and Depreciation go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Change To Netincome

Depreciation

Depreciation indicates how much of DraftKings value has been used up. For tax purposes DraftKings can deduct the cost of the tangible assets it purchases as business expenses. However, DraftKings must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

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 12.3 M, while Selling General Administrative is projected to decrease to roughly 456.2 M.

	2022	2023	2024	2025 (projected)
Gross Profit	756.2M	1.4B	1.6B	1.7B
Total Revenue	2.2B	3.7B	4.2B	4.4B

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	0.86	-0.17	-0.98	0.63	0.27	0.92	0.85	0.82	-0.9	0.98	0.89	0.97	0.63	0.91	0.27	0.12	0.76	0.91	0.97	0.76	0.98	0.92	-0.9	0.89
Total Current Liabilities	1.0		0.86	-0.17	-0.97	0.64	0.23	0.91	0.83	0.81	-0.89	0.98	0.88	0.97	0.62	0.91	0.27	0.13	0.75	0.91	0.96	0.75	0.98	0.91	-0.89	0.88
Other Liab	0.86	0.86		0.18	-0.9	0.78	0.53	0.97	0.94	0.98	-0.95	0.91	0.99	0.87	0.82	0.98	0.59	-0.22	0.92	0.97	0.8	0.92	0.76	0.97	-0.95	0.9
Net Tangible Assets	-0.17	-0.17	0.18		0.16	0.32	0.45	-0.01	0.09	0.33	-0.26	-0.12	0.21	-0.2	0.64	0.11	0.69	-0.99	0.45	0.08	-0.33	0.45	-0.27	0.07	-0.25	-0.23
Retained Earnings	-0.98	-0.97	-0.9	0.16		-0.64	-0.34	-0.95	-0.9	-0.86	0.9	-0.98	-0.91	-0.97	-0.63	-0.93	-0.3	-0.12	-0.78	-0.95	-0.96	-0.78	-0.93	-0.95	0.91	-0.94
Accounts Payable	0.63	0.64	0.78	0.32	-0.64		0.1	0.74	0.7	0.83	-0.75	0.69	0.77	0.69	0.67	0.74	0.81	-0.35	0.84	0.68	0.45	0.84	0.55	0.69	-0.74	0.7
Other Assets	0.27	0.23	0.53	0.45	-0.34	0.1		0.41	0.59	0.57	-0.54	0.35	0.55	0.29	0.69	0.43	0.41	-0.48	0.58	0.52	0.31	0.58	0.09	0.5	-0.54	0.3
Common Stock Shares Outstanding	0.92	0.91	0.97	-0.01	-0.95	0.74	0.41		0.96	0.93	-0.92	0.93	0.97	0.92	0.71	0.98	0.42	-0.04	0.85	0.99	0.88	0.85	0.85	0.99	-0.92	0.95
Other Current Assets	0.85	0.83	0.94	0.09	-0.9	0.7	0.59	0.96		0.94	-0.93	0.89	0.96	0.89	0.78	0.93	0.5	-0.15	0.89	0.96	0.82	0.89	0.74	0.96	-0.93	0.91
Total Current Assets	0.82	0.81	0.98	0.33	-0.86	0.83	0.57	0.93	0.94		-0.97	0.87	0.99	0.84	0.9	0.95	0.69	-0.38	0.98	0.94	0.73	0.98	0.7	0.94	-0.97	0.83
Common Stock	-0.9	-0.89	-0.95	-0.26	0.9	-0.75	-0.54	-0.92	-0.93	-0.97		-0.92	-0.98	-0.88	-0.9	-0.95	-0.58	0.31	-0.96	-0.95	-0.82	-0.96	-0.81	-0.95	1.0	-0.81
Property Plant Equipment	0.98	0.98	0.91	-0.12	-0.98	0.69	0.35	0.93	0.89	0.87	-0.92		0.92	0.99	0.67	0.92	0.39	0.07	0.82	0.93	0.95	0.82	0.92	0.93	-0.92	0.92
Total Assets	0.89	0.88	0.99	0.21	-0.91	0.77	0.55	0.97	0.96	0.99	-0.98	0.92		0.88	0.86	0.98	0.57	-0.26	0.95	0.98	0.82	0.95	0.79	0.98	-0.98	0.88
Short Long Term Debt Total	0.97	0.97	0.87	-0.2	-0.97	0.69	0.29	0.92	0.89	0.84	-0.88	0.99	0.88		0.6	0.88	0.37	0.15	0.78	0.89	0.94	0.78	0.91	0.89	-0.88	0.95
Total Stockholder Equity	0.63	0.62	0.82	0.64	-0.63	0.67	0.69	0.71	0.78	0.9	-0.9	0.67	0.86	0.6		0.79	0.73	-0.68	0.94	0.78	0.51	0.94	0.5	0.78	-0.9	0.52
Property Plant And Equipment Net	0.91	0.91	0.98	0.11	-0.93	0.74	0.43	0.98	0.93	0.95	-0.95	0.92	0.98	0.88	0.79		0.46	-0.15	0.89	0.99	0.85	0.89	0.85	0.99	-0.95	0.89
Current Deferred Revenue	0.27	0.27	0.59	0.69	-0.3	0.81	0.41	0.42	0.5	0.69	-0.58	0.39	0.57	0.37	0.73	0.46		-0.71	0.78	0.42	0.09	0.78	0.11	0.42	-0.57	0.35
Net Debt	0.12	0.13	-0.22	-0.99	-0.12	-0.35	-0.48	-0.04	-0.15	-0.38	0.31	0.07	-0.26	0.15	-0.68	-0.15	-0.71		-0.5	-0.13	0.28	-0.5	0.23	-0.13	0.3	0.18
Cash	0.76	0.75	0.92	0.45	-0.78	0.84	0.58	0.85	0.89	0.98	-0.96	0.82	0.95	0.78	0.94	0.89	0.78	-0.5		0.88	0.64	1.0	0.63	0.88	-0.96	0.74
Non Current Assets Total	0.91	0.91	0.97	0.08	-0.95	0.68	0.52	0.99	0.96	0.94	-0.95	0.93	0.98	0.89	0.78	0.99	0.42	-0.13	0.88		0.88	0.88	0.84	1.0	-0.96	0.9
Non Currrent Assets Other	0.97	0.96	0.8	-0.33	-0.96	0.45	0.31	0.88	0.82	0.73	-0.82	0.95	0.82	0.94	0.51	0.85	0.09	0.28	0.64	0.88		0.64	0.95	0.88	-0.82	0.88
Cash And Short Term Investments	0.76	0.75	0.92	0.45	-0.78	0.84	0.58	0.85	0.89	0.98	-0.96	0.82	0.95	0.78	0.94	0.89	0.78	-0.5	1.0	0.88	0.64		0.63	0.88	-0.96	0.74
Net Receivables	0.98	0.98	0.76	-0.27	-0.93	0.55	0.09	0.85	0.74	0.7	-0.81	0.92	0.79	0.91	0.5	0.85	0.11	0.23	0.63	0.84	0.95	0.63		0.84	-0.81	0.82
Good Will	0.92	0.91	0.97	0.07	-0.95	0.69	0.5	0.99	0.96	0.94	-0.95	0.93	0.98	0.89	0.78	0.99	0.42	-0.13	0.88	1.0	0.88	0.88	0.84		-0.95	0.91
Common Stock Total Equity	-0.9	-0.89	-0.95	-0.25	0.91	-0.74	-0.54	-0.92	-0.93	-0.97	1.0	-0.92	-0.98	-0.88	-0.9	-0.95	-0.57	0.3	-0.96	-0.96	-0.82	-0.96	-0.81	-0.95		-0.81
Non Current Liabilities Total	0.89	0.88	0.9	-0.23	-0.94	0.7	0.3	0.95	0.91	0.83	-0.81	0.92	0.88	0.95	0.52	0.89	0.35	0.18	0.74	0.9	0.88	0.74	0.82	0.91	-0.81

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DraftKings Account Relationship Matchups

DraftKings fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Other Current Liab	481.2M	798.9M	1.2B	1.3B	1.5B	1.6B
Total Current Liabilities	554.4M	929.4M	1.2B	1.5B	1.8B	1.9B
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	(1.8B)	(3.8B)	(5.1B)	(5.9B)	(5.3B)	(5.1B)
Accounts Payable	28.1M	52.5M	10.1M	34.1M	39.2M	26.1M
Other Assets	78.7M	45.4M	124.1M	1.0	1.15	1.09
Common Stock Shares Outstanding	305.6M	402.5M	436.5M	462.6M	532.0M	339.6M
Other Current Assets	302.3M	502.6M	564.5M	439.9M	505.8M	306.0M
Total Current Assets	2.2B	2.8B	2.1B	2.1B	2.4B	1.5B
Common Stock	79K	80K	84K	85K	76.5K	72.7K
Property Plant Equipment	25.9M	40.8M	109.9M	126.1M	145.0M	152.2M
Total Assets	3.4B	4.1B	4.0B	3.9B	4.5B	3.0B
Short Long Term Debt Total	81.6M	1.3B	1.3B	1.3B	1.5B	1.6B
Total Stockholder Equity	2.7B	1.7B	1.3B	840.3M	966.4M	1.1B
Property Plant And Equipment Net	108.9M	109.9M	126.1M	154.7M	177.9M	98.9M
Current Deferred Revenue	195.6M	335.2M	17.4M	43.6M	50.2M	47.7M
Net Debt	(1.7B)	(834.3M)	15.5M	75.6M	86.9M	91.3M
Cash	1.8B	2.2B	1.3B	1.3B	1.5B	1.2B
Non Current Assets Total	1.2B	1.3B	2.0B	1.9B	2.2B	1.2B
Non Currrent Assets Other	7.6M	45.4M	155.9M	131.5M	151.3M	158.8M
Cash And Short Term Investments	1.8B	2.2B	1.3B	1.3B	1.5B	1.2B
Net Receivables	74.8M	97.8M	211.2M	349.3M	401.7M	421.8M
Liabilities And Stockholders Equity	3.4B	4.1B	4.0B	3.9B	4.5B	3.0B
Non Current Liabilities Total	188.1M	1.5B	1.5B	1.6B	1.8B	980.4M
Inventory	144M	287.7M	477.0M	469.7M	540.1M	327.8M
Other Stockholder Equity	4.8B	5.4B	6.4B	6.7B	7.7B	4.5B
Total Liab	742.5M	2.4B	2.7B	3.1B	3.6B	1.8B
Net Invested Capital	2.7B	2.9B	2.6B	2.1B	2.4B	1.8B
Long Term Investments	3.0M	9.8M	10.1M	10.3M	11.8M	6.5M
Property Plant And Equipment Gross	108.9M	150.3M	126.1M	230.1M	264.7M	277.9M
Capital Stock	79K	80K	84K	85K	76.5K	146.9K
Non Current Liabilities Other	116.1M	133.5M	70.0M	84.0M	96.6M	89.4M
Net Working Capital	1.6B	1.8B	838.4M	521.7M	600.0M	897.6M
Short Term Debt	25.7M	25.6M	8.5M	11.5M	13.2M	15.0M
Intangible Assets	555.9M	535.0M	776.9M	690.6M	794.2M	478.4M

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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

Details

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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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 Change To Netincome vs Depreciation Analysis

Change To Netincome vs Depreciation

Change To Netincome vs Depreciation Correlation Analysis

Correlation Coefficient

Change To Netincome

Depreciation

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
Common Stock Total Equity	+ 1.0	Common Stock
Cash And Short Term Investments	+ 1.0	Cash
Good Will	+ 1.0	Non Current Assets Total
Total Assets	+ 0.99	Other Liab
Non Current Assets Total	+ 0.99	Common Stock Shares Outstanding

Net Debt	- 0.99	Net Tangible Assets
Common Stock Total Equity	- 0.98	Total Assets
Total Assets	- 0.98	Common Stock
Property Plant Equipment	- 0.98	Retained Earnings
Retained Earnings	- 0.98	Other Current Liab
Common Stock Total Equity	- 0.97	Total Current Assets