DraftKings Other Liab vs Net Receivables Analysis

DKNG Stock

USD 34.25 0.99 2.98%

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 Other Liab and its Net Receivables 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.

Other Liab vs Net Receivables

Other Liab vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DraftKings Other Liab account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.

The correlation between DraftKings' Other Liab and Net Receivables is 0.68. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Net Receivables in the same time period over historical financial statements of DraftKings, assuming nothing else is changed. The correlation between historical values of DraftKings' Other Liab and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of DraftKings are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Other Liab i.e., DraftKings' Other Liab and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.68

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Other Liab

Net Receivables

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 (82 M). The current Selling General Administrative is estimated to decrease to about 504.3 M

	2022	2023	2024	2025 (projected)
Gross Profit	756.2M	1.4B	1.8B	1.9B
Total Revenue	2.2B	3.7B	4.8B	5.0B

Gross Profit Total Revenue

DraftKings fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.91	0.92	0.93	0.85	0.99	0.22	0.98	-0.16	-0.89	0.78	0.91	0.9	0.83	0.56	0.91	0.85	0.97	0.91	0.95	0.99	0.93	0.96	0.79	0.98	-0.99
Short Long Term Debt Total	0.91		0.95	0.95	0.57	0.92	-0.15	0.9	0.16	-0.92	0.74	0.74	0.85	0.92	0.4	0.74	0.81	0.96	0.99	0.95	0.93	0.98	0.84	0.55	0.9	-0.87
Other Current Liab	0.92	0.95		1.0	0.6	0.94	-0.13	0.93	0.19	-0.96	0.73	0.69	0.91	0.95	0.35	0.69	0.88	0.98	0.96	0.96	0.97	0.99	0.8	0.52	0.96	-0.89
Total Current Liabilities	0.93	0.95	1.0		0.61	0.94	-0.11	0.94	0.17	-0.96	0.74	0.7	0.91	0.94	0.34	0.7	0.88	0.99	0.96	0.96	0.97	0.99	0.81	0.54	0.96	-0.89
Total Stockholder Equity	0.85	0.57	0.6	0.61		0.79	0.67	0.8	-0.59	-0.57	0.63	0.93	0.68	0.47	0.7	0.93	0.62	0.71	0.55	0.69	0.78	0.58	0.9	0.92	0.78	-0.89
Other Liab	0.99	0.92	0.94	0.94	0.79		0.18	0.98	-0.12	-0.88	0.79	0.87	0.88	0.84	0.53	0.87	0.83	0.97	0.93	0.96	0.98	0.95	0.94	0.77	0.97	-0.97
Net Tangible Assets	0.22	-0.15	-0.13	-0.11	0.67	0.18		0.18	-0.96	0.19	0.21	0.52	-0.04	-0.29	0.45	0.52	-0.08	0.0	-0.15	0.0	0.11	-0.13	0.39	0.7	0.11	-0.3
Property Plant And Equipment Net	0.98	0.9	0.93	0.94	0.8	0.98	0.18		-0.13	-0.9	0.73	0.88	0.89	0.85	0.52	0.88	0.84	0.97	0.91	0.92	0.98	0.93	0.94	0.76	0.97	-0.98
Net Debt	-0.16	0.16	0.19	0.17	-0.59	-0.12	-0.96	-0.13		-0.28	-0.1	-0.49	0.17	0.3	-0.51	-0.49	0.24	0.06	0.18	0.08	-0.05	0.17	-0.35	-0.62	-0.03	0.23
Retained Earnings	-0.89	-0.92	-0.96	-0.96	-0.57	-0.88	0.19	-0.9	-0.28		-0.71	-0.67	-0.97	-0.91	-0.28	-0.67	-0.96	-0.96	-0.93	-0.93	-0.93	-0.95	-0.78	-0.51	-0.92	0.86
Accounts Payable	0.78	0.74	0.73	0.74	0.63	0.79	0.21	0.73	-0.1	-0.71		0.71	0.72	0.5	0.06	0.71	0.72	0.77	0.74	0.78	0.77	0.75	0.74	0.74	0.74	-0.76
Cash	0.91	0.74	0.69	0.7	0.93	0.87	0.52	0.88	-0.49	-0.67	0.71		0.71	0.57	0.65	1.0	0.65	0.8	0.73	0.77	0.84	0.72	0.98	0.94	0.81	-0.93
Non Current Assets Total	0.9	0.85	0.91	0.91	0.68	0.88	-0.04	0.89	0.17	-0.97	0.72	0.71		0.83	0.34	0.71	0.99	0.92	0.86	0.92	0.92	0.89	0.8	0.6	0.93	-0.89
Non Currrent Assets Other	0.83	0.92	0.95	0.94	0.47	0.84	-0.29	0.85	0.3	-0.91	0.5	0.57	0.83		0.44	0.57	0.79	0.92	0.91	0.89	0.89	0.94	0.7	0.33	0.89	-0.79
Other Assets	0.56	0.4	0.35	0.34	0.7	0.53	0.45	0.52	-0.51	-0.28	0.06	0.65	0.34	0.44		0.65	0.25	0.44	0.37	0.47	0.5	0.36	0.63	0.52	0.52	-0.59
Cash And Short Term Investments	0.91	0.74	0.69	0.7	0.93	0.87	0.52	0.88	-0.49	-0.67	0.71	1.0	0.71	0.57	0.65		0.65	0.8	0.73	0.77	0.84	0.72	0.98	0.94	0.81	-0.93
Good Will	0.85	0.81	0.88	0.88	0.62	0.83	-0.08	0.84	0.24	-0.96	0.72	0.65	0.99	0.79	0.25	0.65		0.89	0.82	0.89	0.88	0.86	0.74	0.56	0.89	-0.84
Common Stock Shares Outstanding	0.97	0.96	0.98	0.99	0.71	0.97	0.0	0.97	0.06	-0.96	0.77	0.8	0.92	0.92	0.44	0.8	0.89		0.96	0.97	0.99	0.98	0.89	0.65	0.98	-0.95
Non Current Liabilities Total	0.91	0.99	0.96	0.96	0.55	0.93	-0.15	0.91	0.18	-0.93	0.74	0.73	0.86	0.91	0.37	0.73	0.82	0.96		0.95	0.93	0.99	0.83	0.56	0.91	-0.86
Other Current Assets	0.95	0.95	0.96	0.96	0.69	0.96	0.0	0.92	0.08	-0.93	0.78	0.77	0.92	0.89	0.47	0.77	0.89	0.97	0.95		0.97	0.96	0.86	0.64	0.97	-0.92
Other Stockholder Equity	0.99	0.93	0.97	0.97	0.78	0.98	0.11	0.98	-0.05	-0.93	0.77	0.84	0.92	0.89	0.5	0.84	0.88	0.99	0.93	0.97		0.96	0.92	0.71	0.99	-0.97
Total Liab	0.93	0.98	0.99	0.99	0.58	0.95	-0.13	0.93	0.17	-0.95	0.75	0.72	0.89	0.94	0.36	0.72	0.86	0.98	0.99	0.96	0.96		0.83	0.56	0.94	-0.88
Total Current Assets	0.96	0.84	0.8	0.81	0.9	0.94	0.39	0.94	-0.35	-0.78	0.74	0.98	0.8	0.7	0.63	0.98	0.74	0.89	0.83	0.86	0.92	0.83		0.89	0.89	-0.97
Short Term Debt	0.79	0.55	0.52	0.54	0.92	0.77	0.7	0.76	-0.62	-0.51	0.74	0.94	0.6	0.33	0.52	0.94	0.56	0.65	0.56	0.64	0.71	0.56	0.89		0.68	-0.82
Intangible Assets	0.98	0.9	0.96	0.96	0.78	0.97	0.11	0.97	-0.03	-0.92	0.74	0.81	0.93	0.89	0.52	0.81	0.89	0.98	0.91	0.97	0.99	0.94	0.89	0.68		-0.96
Common Stock	-0.99	-0.87	-0.89	-0.89	-0.89	-0.97	-0.3	-0.98	0.23	0.86	-0.76	-0.93	-0.89	-0.79	-0.59	-0.93	-0.84	-0.95	-0.86	-0.92	-0.97	-0.88	-0.97	-0.82	-0.96

Click cells to compare fundamentals

DraftKings Account Relationship Matchups

DraftKings fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	3.4B	4.1B	4.0B	3.9B	4.3B	2.8B
Short Long Term Debt Total	81.6M	1.3B	1.3B	1.3B	1.3B	754.9M
Other Current Liab	481.2M	798.9M	1.2B	1.3B	1.5B	804.4M
Total Current Liabilities	554.4M	929.4M	1.2B	1.5B	1.7B	900.3M
Total Stockholder Equity	2.7B	1.7B	1.3B	840.3M	1.0B	970.3M
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)
Property Plant And Equipment Net	108.9M	109.9M	126.1M	154.7M	125.5M	91.7M
Net Debt	(1.7B)	(834.3M)	15.5M	75.6M	546.8M	574.1M
Retained Earnings	(1.8B)	(3.8B)	(5.1B)	(5.9B)	(6.4B)	(6.1B)
Accounts Payable	28.1M	52.5M	10.1M	34.1M	53.7M	29.4M
Cash	1.8B	2.2B	1.3B	1.3B	788.3M	1.0B
Non Current Assets Total	1.2B	1.3B	2.0B	1.9B	2.7B	2.9B
Non Currrent Assets Other	7.6M	45.4M	155.9M	131.5M	123.1M	64.6M
Other Assets	78.7M	45.4M	124.1M	1.0	1.15	1.09
Cash And Short Term Investments	1.8B	2.2B	1.3B	1.3B	788.3M	1.0B
Common Stock Shares Outstanding	305.6M	402.5M	436.5M	462.6M	482.0M	363.4M
Liabilities And Stockholders Equity	3.4B	4.1B	4.0B	3.9B	4.3B	2.8B
Non Current Liabilities Total	188.1M	1.5B	1.5B	1.6B	1.6B	960.6M
Other Current Assets	302.3M	502.6M	564.5M	439.9M	687.6M	401.6M
Other Stockholder Equity	4.8B	5.4B	6.4B	6.7B	7.4B	4.6B
Total Liab	742.5M	2.4B	2.7B	3.1B	3.3B	1.9B
Total Current Assets	2.2B	2.8B	2.1B	2.1B	1.5B	1.6B
Short Term Debt	25.7M	25.6M	8.5M	11.5M	11.0M	13.1M
Intangible Assets	555.9M	535.0M	776.9M	690.6M	933.1M	488.5M
Common Stock	79K	80K	84K	85K	87K	156.9K
Property Plant Equipment	25.9M	40.8M	109.9M	126.1M	145.0M	152.2M
Current Deferred Revenue	195.6M	335.2M	17.4M	43.6M	50.2M	47.7M
Net Receivables	74.8M	97.8M	211.2M	349.3M	57.8M	54.9M
Inventory	144M	287.7M	477.0M	469.7M	540.1M	327.8M
Net Invested Capital	2.7B	2.9B	2.6B	2.1B	2.3B	1.9B
Long Term Investments	3.0M	9.8M	10.1M	10.3M	13.2M	7.7M
Property Plant And Equipment Gross	108.9M	150.3M	126.1M	230.1M	213.8M	136.6M
Capital Stock	79K	80K	84K	85K	87K	135.9K
Non Current Liabilities Other	116.1M	133.5M	70.0M	84.0M	195.6M	107.4M
Net Working Capital	1.6B	1.8B	838.4M	521.7M	(121.2M)	(115.2M)

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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

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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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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

(1.05)

Revenue Per Share

9.892

Quarterly Revenue Growth

0.132

Return On Assets

(0.09)

Return On Equity

(0.55)

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 Other Liab vs Net Receivables Analysis

Other Liab vs Net Receivables

Other Liab vs Net Receivables Correlation Analysis

Correlation Coefficient

Other Liab

Net Receivables

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
Cash And Short Term Investments	+ 1.0	Cash
Other Liab	+ 0.99	Total Assets
Other Stockholder Equity	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Other Current Liab

Common Stock	- 0.99	Total Assets
Common Stock	- 0.98	Property Plant And Equipment Net
Common Stock	- 0.97	Total Current Assets
Common Stock	- 0.97	Other Stockholder Equity
Non Current Assets Total	- 0.97	Retained Earnings
Common Stock	- 0.97	Other Liab