Dorchester Inventory Turnover vs Roe Analysis

DMLP Stock

USD 33.60 0.14 0.41%

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

Inventory Turnover vs Roe

Inventory Turnover vs Roe Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dorchester Minerals Inventory Turnover account and Roe. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Dorchester Minerals' Inventory Turnover and Roe is 0.49. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Roe in the same time period over historical financial statements of Dorchester Minerals LP, assuming nothing else is changed. The correlation between historical values of Dorchester Minerals' Inventory Turnover and Roe is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory Turnover of Dorchester Minerals LP are associated (or correlated) with its Roe. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roe has no effect on the direction of Inventory Turnover i.e., Dorchester Minerals' Inventory Turnover and Roe go up and down completely randomly.

Correlation Coefficient

0.49

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Roe

Most indicators from Dorchester Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dorchester Minerals 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 Dorchester Minerals LP. 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.

At this time, Dorchester Minerals' Selling General Administrative is relatively stable compared to the past year. As of 11/25/2024, Enterprise Value Over EBITDA is likely to grow to 12.56, while Sales General And Administrative To Revenue is likely to drop 0.07.

	2021	2022	2023	2024 (projected)
Gross Profit	75.4M	138.8M	125.3M	131.5M
Total Revenue	93.4M	170.8M	163.8M	172.0M

Gross Profit Total Revenue

Dorchester Minerals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Property Plant Equipment	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Other Stockholder Equity	Total Current Assets	Property Plant And Equipment Gross	Common Stock	Other Liab	Non Current Liabilities Total	Non Currrent Assets Other	Current Deferred Revenue	Inventory	Short Term Debt	Net Tangible Assets
Total Assets		-0.6	0.12	0.34	0.5	0.69	0.81	0.42	0.23	0.15	0.96	-0.67	0.96	0.6	0.95	-0.27	0.73	0.46	0.5	0.29	0.31	-0.63	0.32	-0.59	0.15	0.64
Other Current Liab	-0.6		0.44	-0.05	0.05	-0.27	-0.75	-0.16	0.39	0.06	-0.55	0.24	-0.55	-0.15	-0.5	-0.36	-0.28	-0.29	-0.18	-0.02	0.2	0.06	0.09	0.17	0.26	0.05
Total Current Liabilities	0.12	0.44		0.42	0.89	0.7	-0.24	-0.17	0.95	-0.37	-0.01	-0.72	-0.01	0.78	0.17	-0.84	0.67	0.46	0.49	0.48	0.37	-0.63	0.57	-0.56	0.85	0.66
Total Stockholder Equity	0.34	-0.05	0.42		0.54	0.4	0.2	-0.05	0.43	-0.28	0.3	-0.37	0.3	0.39	0.27	-0.31	0.4	0.31	0.41	0.2	0.22	-0.65	0.13	-0.33	0.3	0.34
Accounts Payable	0.5	0.05	0.89	0.54		0.91	0.2	-0.06	0.91	-0.36	0.33	-0.89	0.33	0.93	0.49	-0.83	0.89	0.67	0.7	0.62	0.47	-0.83	0.51	-0.73	0.74	0.69
Cash	0.69	-0.27	0.7	0.4	0.91		0.38	0.09	0.71	-0.32	0.5	-0.99	0.5	0.99	0.69	-0.61	1.0	0.71	0.69	0.58	0.3	-0.71	0.46	-0.69	0.68	0.72
Common Stock Shares Outstanding	0.81	-0.75	-0.24	0.2	0.2	0.38		0.33	-0.03	0.03	0.76	-0.32	0.76	0.25	0.74	-0.07	0.4	0.28	0.54	0.39	0.42	-0.49	-0.1	-0.45	-0.24	0.13
Other Current Assets	0.42	-0.16	-0.17	-0.05	-0.06	0.09	0.33		-0.08	0.45	0.45	-0.09	0.45	0.05	0.52	-0.04	0.14	-0.48	0.14	-0.03	0.2	-0.19	0.02	-0.28	-0.1	0.25
Total Liab	0.23	0.39	0.95	0.43	0.91	0.71	-0.03	-0.08		-0.33	0.1	-0.7	0.1	0.76	0.27	-0.95	0.68	0.42	0.62	0.66	0.64	-0.77	0.53	-0.69	0.73	0.61
Property Plant Equipment	0.15	0.06	-0.37	-0.28	-0.36	-0.32	0.03	0.45	-0.33		0.32	0.32	0.32	-0.34	0.13	0.21	-0.24	-0.28	-0.48	-0.42	-0.05	0.2	0.04	0.11	-0.5	0.04
Property Plant And Equipment Net	0.96	-0.55	-0.01	0.3	0.33	0.5	0.76	0.45	0.1	0.32		-0.48	1.0	0.42	0.89	-0.17	0.56	0.33	0.32	0.12	0.26	-0.55	0.34	-0.5	0.02	0.61
Net Debt	-0.67	0.24	-0.72	-0.37	-0.89	-0.99	-0.32	-0.09	-0.7	0.32	-0.48		-0.48	-0.99	-0.69	0.59	-0.99	-0.68	-0.68	-0.54	-0.25	0.66	-0.48	0.66	-0.73	-0.76
Non Current Assets Total	0.96	-0.55	-0.01	0.3	0.33	0.5	0.76	0.45	0.1	0.32	1.0	-0.48		0.42	0.89	-0.17	0.56	0.33	0.32	0.12	0.26	-0.55	0.34	-0.5	0.02	0.61
Cash And Short Term Investments	0.6	-0.15	0.78	0.39	0.93	0.99	0.25	0.05	0.76	-0.34	0.42	-0.99	0.42		0.62	-0.65	0.98	0.69	0.66	0.57	0.28	-0.68	0.51	-0.67	0.76	0.75
Net Receivables	0.95	-0.5	0.17	0.27	0.49	0.69	0.74	0.52	0.27	0.13	0.89	-0.69	0.89	0.62		-0.27	0.73	0.33	0.57	0.35	0.35	-0.58	0.25	-0.55	0.22	0.71
Other Stockholder Equity	-0.27	-0.36	-0.84	-0.31	-0.83	-0.61	-0.07	-0.04	-0.95	0.21	-0.17	0.59	-0.17	-0.65	-0.27		-0.59	-0.3	-0.59	-0.65	-0.74	0.81	-0.6	0.78	-0.6	-0.56
Total Current Assets	0.73	-0.28	0.67	0.4	0.89	1.0	0.4	0.14	0.68	-0.24	0.56	-0.99	0.56	0.98	0.73	-0.59		0.69	0.66	0.56	0.3	-0.71	0.47	-0.68	0.65	0.74
Property Plant And Equipment Gross	0.46	-0.29	0.46	0.31	0.67	0.71	0.28	-0.48	0.42	-0.28	0.33	-0.68	0.33	0.69	0.33	-0.3	0.69		0.33	0.36	0.01	-0.41	0.27	-0.33	0.4	0.37
Common Stock	0.5	-0.18	0.49	0.41	0.7	0.69	0.54	0.14	0.62	-0.48	0.32	-0.68	0.32	0.66	0.57	-0.59	0.66	0.33		0.74	0.62	-0.72	0.07	-0.57	0.43	0.41
Other Liab	0.29	-0.02	0.48	0.2	0.62	0.58	0.39	-0.03	0.66	-0.42	0.12	-0.54	0.12	0.57	0.35	-0.65	0.56	0.36	0.74		0.73	-0.6	0.15	-0.57	0.33	0.22
Non Current Liabilities Total	0.31	0.2	0.37	0.22	0.47	0.3	0.42	0.2	0.64	-0.05	0.26	-0.25	0.26	0.28	0.35	-0.74	0.3	0.01	0.62	0.73		-0.7	0.17	-0.63	0.09	0.24
Non Currrent Assets Other	-0.63	0.06	-0.63	-0.65	-0.83	-0.71	-0.49	-0.19	-0.77	0.2	-0.55	0.66	-0.55	-0.68	-0.58	0.81	-0.71	-0.41	-0.72	-0.6	-0.7		-0.45	0.79	-0.43	-0.57
Current Deferred Revenue	0.32	0.09	0.57	0.13	0.51	0.46	-0.1	0.02	0.53	0.04	0.34	-0.48	0.34	0.51	0.25	-0.6	0.47	0.27	0.07	0.15	0.17	-0.45		-0.62	0.51	0.68
Inventory	-0.59	0.17	-0.56	-0.33	-0.73	-0.69	-0.45	-0.28	-0.69	0.11	-0.5	0.66	-0.5	-0.67	-0.55	0.78	-0.68	-0.33	-0.57	-0.57	-0.63	0.79	-0.62		-0.39	-0.57
Short Term Debt	0.15	0.26	0.85	0.3	0.74	0.68	-0.24	-0.1	0.73	-0.5	0.02	-0.73	0.02	0.76	0.22	-0.6	0.65	0.4	0.43	0.33	0.09	-0.43	0.51	-0.39		0.7
Net Tangible Assets	0.64	0.05	0.66	0.34	0.69	0.72	0.13	0.25	0.61	0.04	0.61	-0.76	0.61	0.75	0.71	-0.56	0.74	0.37	0.41	0.22	0.24	-0.57	0.68	-0.57	0.7

Click cells to compare fundamentals

Dorchester Minerals Account Relationship Matchups

Dorchester Minerals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	116.9M	88.3M	146.8M	176.2M	191.1M	136.5M
Other Current Liab	2.1M	300K	291K	(281K)	(272K)	(258.4K)
Total Current Liabilities	2.4M	1.9M	2.8M	3.4M	4.5M	4.7M
Total Stockholder Equity	112.3M	84.6M	142.4M	171.5M	185.4M	194.7M
Accounts Payable	2.1M	1.6M	2.5M	3.1M	4.2M	4.4M
Cash	15.3M	11.2M	28.3M	40.8M	47.0M	49.4M
Common Stock Shares Outstanding	34.1M	34.7M	35.1M	37.6M	38.8M	32.3M
Liabilities And Stockholders Equity	116.9M	88.3M	146.8M	176.2M	5.5M	5.2M
Total Liab	4.5M	3.8M	4.4M	4.7M	5.5M	5.8M
Property Plant Equipment	87.0M	751K	98.3M	567K	510.3K	484.8K
Property Plant And Equipment Net	88.6M	70.1M	100.1M	113.8M	121.4M	80.3M
Net Debt	(12.8M)	(9.0M)	(26.4M)	(39.2M)	(45.7M)	(43.4M)
Non Current Assets Total	88.6M	70.1M	100.1M	113.8M	121.4M	80.3M
Cash And Short Term Investments	15.3M	11.2M	28.3M	40.8M	47.0M	49.4M
Net Receivables	12.9M	7.0M	18.4M	21.7M	22.7M	12.1M
Other Stockholder Equity	1.2M	536K	982K	676K	777.4K	738.5K
Total Current Assets	28.3M	18.2M	46.7M	62.5M	69.7M	73.2M
Property Plant And Equipment Gross	88.6M	70.1M	659K	989K	508.8M	534.3M
Common Stock	111.1M	84.0M	141.4M	170.8M	185.4M	112.5M
Non Current Liabilities Total	2.2M	1.9M	1.6M	1.3M	1.0M	658.8K
Non Currrent Assets Other	(88.6M)	(70.1M)	(100.1M)	(113.8M)	(102.4M)	(97.3M)
Inventory	0.0	(6.6M)	(7.1M)	(14.5M)	(13.1M)	(12.4M)
Net Tangible Assets	112.3M	84.6M	142.4M	171.5M	197.2M	119.4M
Accumulated Depreciation	(625K)	(679K)	(146K)	(422K)	(485.3K)	(509.6K)
Net Invested Capital	112.3M	84.6M	142.4M	171.5M	185.6M	137.3M
Net Working Capital	25.9M	16.3M	43.9M	59.1M	65.2M	41.6M

Pair Trading with Dorchester Minerals

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 Dorchester Minerals 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 Dorchester Minerals will appreciate offsetting losses from the drop in the long position's value.

Moving together with Dorchester Stock

0.64	AR	Antero Resources Corp	Pair Corr
0.68	EP	Empire Petroleum Corp	Pair Corr
0.96	LB	LandBridge Company Downward Rally	Pair Corr
0.73	PR	Permian Resources Aggressive Push	Pair Corr

Moving against Dorchester Stock

0.84	BRN	Barnwell Industries	Pair Corr
0.64	BRY	Berry Petroleum Corp	Pair Corr
0.52	APA	APA Corporation	Pair Corr
0.43	DVN	Devon Energy	Pair Corr
0.41	SD	SandRidge Energy	Pair Corr

The ability to find closely correlated positions to Dorchester Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dorchester Minerals 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 Dorchester Minerals - 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 Dorchester Minerals LP to buy it.

The correlation of Dorchester Minerals 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 Dorchester Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dorchester Minerals 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 Dorchester Minerals 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

Additional Tools for Dorchester Stock Analysis

When running Dorchester Minerals' price analysis, check to measure Dorchester Minerals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dorchester Minerals is operating at the current time. Most of Dorchester Minerals' value examination focuses on studying past and present price action to predict the probability of Dorchester Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dorchester Minerals' price. Additionally, you may evaluate how the addition of Dorchester Minerals to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC