DRDGOLD Capex To Depreciation vs Payout Ratio Analysis

DRD Stock

USD 9.52 0.18 1.86%

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

Capex To Depreciation vs Payout Ratio

Capex To Depreciation vs Payout Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DRDGOLD Limited ADR Capex To Depreciation account and Payout Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.

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

Correlation Coefficient

-0.37

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Payout Ratio

Payout Ratio is the proportion of DRDGOLD Limited ADR earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of DRDGOLD Limited ADR dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating DRDGOLD Limited ADR is paying out more in dividends than it makes in net income.

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

At present, DRDGOLD Limited's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 0.43, whereas Selling General Administrative is forecasted to decline to about 140.3 M.

	2021	2022	2023	2024 (projected)
Interest Expense	72.9M	70.4M	10.6M	10.1M
Depreciation And Amortization	267.6M	217.5M	270.4M	176.0M

Interest Expense Depreciation And Amortization

DRDGOLD Limited 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	Accounts Payable	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 Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Assets	Common Stock	Other Liab	Short Term Investments
Total Assets		-0.12	0.4	0.89	1.0	0.93	-0.59	0.73	0.92	0.59	0.96	0.31	0.59	0.87	0.74	0.77	0.96	-0.25	0.84	0.96	0.69	-0.24	0.64	0.59	0.84	0.62
Short Long Term Debt Total	-0.12		0.0	-0.13	-0.15	-0.14	0.04	-0.26	-0.23	0.01	-0.14	0.14	0.01	-0.24	-0.07	-0.02	-0.19	-0.07	-0.07	-0.14	-0.02	0.72	-0.11	0.11	-0.44	-0.21
Other Current Liab	0.4	0.0		0.56	0.44	0.07	-0.89	0.17	0.11	0.89	0.14	-0.04	0.89	0.11	0.69	0.31	0.44	-0.23	0.43	0.16	0.86	-0.07	0.46	0.61	0.36	0.56
Total Current Liabilities	0.89	-0.13	0.56		0.88	0.78	-0.62	0.56	0.8	0.61	0.81	0.18	0.62	0.75	0.88	0.88	0.89	-0.28	0.96	0.79	0.74	-0.23	0.7	0.76	0.78	0.55
Total Stockholder Equity	1.0	-0.15	0.44	0.88		0.91	-0.63	0.77	0.89	0.64	0.93	0.3	0.64	0.86	0.75	0.75	0.95	-0.25	0.83	0.95	0.73	-0.25	0.64	0.58	0.83	0.68
Property Plant And Equipment Net	0.93	-0.14	0.07	0.78	0.91		-0.25	0.71	0.98	0.26	1.0	0.35	0.26	0.92	0.53	0.71	0.88	-0.2	0.76	0.98	0.39	-0.23	0.52	0.41	0.77	0.47
Net Debt	-0.59	0.04	-0.89	-0.62	-0.63	-0.25		-0.38	-0.25	-1.0	-0.32	-0.08	-1.0	-0.27	-0.78	-0.47	-0.6	0.22	-0.54	-0.4	-0.98	0.14	-0.53	-0.64	-0.51	-0.63
Retained Earnings	0.73	-0.26	0.17	0.56	0.77	0.71	-0.38		0.67	0.38	0.72	0.44	0.38	0.73	0.29	0.32	0.6	-0.2	0.43	0.79	0.45	-0.27	0.43	0.1	0.56	0.86
Accounts Payable	0.92	-0.23	0.11	0.8	0.89	0.98	-0.25	0.67		0.25	0.98	0.32	0.25	0.93	0.54	0.72	0.89	-0.24	0.78	0.94	0.38	-0.33	0.57	0.44	0.82	0.45
Cash	0.59	0.01	0.89	0.61	0.64	0.26	-1.0	0.38	0.25		0.33	0.09	1.0	0.27	0.77	0.47	0.6	-0.22	0.54	0.4	0.98	-0.1	0.52	0.65	0.5	0.63
Non Current Assets Total	0.96	-0.14	0.14	0.81	0.93	1.0	-0.32	0.72	0.98	0.33		0.33	0.33	0.92	0.58	0.73	0.91	-0.21	0.79	0.98	0.45	-0.24	0.55	0.44	0.79	0.51
Non Currrent Assets Other	0.31	0.14	-0.04	0.18	0.3	0.35	-0.08	0.44	0.32	0.09	0.33		0.09	0.45	-0.09	0.11	0.15	0.04	0.15	0.39	0.12	0.01	0.4	-0.08	0.09	0.35
Cash And Short Term Investments	0.59	0.01	0.89	0.62	0.64	0.26	-1.0	0.38	0.25	1.0	0.33	0.09		0.28	0.78	0.47	0.6	-0.22	0.55	0.41	0.98	-0.1	0.53	0.65	0.5	0.63
Net Receivables	0.87	-0.24	0.11	0.75	0.86	0.92	-0.27	0.73	0.93	0.27	0.92	0.45	0.28		0.46	0.65	0.82	-0.22	0.72	0.91	0.4	-0.33	0.5	0.37	0.74	0.48
Common Stock Shares Outstanding	0.74	-0.07	0.69	0.88	0.75	0.53	-0.78	0.29	0.54	0.77	0.58	-0.09	0.78	0.46		0.87	0.81	-0.26	0.9	0.59	0.86	-0.19	0.64	0.88	0.72	0.39
Non Current Liabilities Total	0.77	-0.02	0.31	0.88	0.75	0.71	-0.47	0.32	0.72	0.47	0.73	0.11	0.47	0.65	0.87		0.82	-0.26	0.98	0.72	0.61	-0.22	0.63	0.81	0.73	0.2
Inventory	0.96	-0.19	0.44	0.89	0.95	0.88	-0.6	0.6	0.89	0.6	0.91	0.15	0.6	0.82	0.81	0.82		-0.37	0.87	0.9	0.7	-0.32	0.67	0.71	0.91	0.52
Other Stockholder Equity	-0.25	-0.07	-0.23	-0.28	-0.25	-0.2	0.22	-0.2	-0.24	-0.22	-0.21	0.04	-0.22	-0.22	-0.26	-0.26	-0.37		-0.28	-0.22	-0.26	0.25	-0.32	-0.61	-0.41	-0.25
Total Liab	0.84	-0.07	0.43	0.96	0.83	0.76	-0.54	0.43	0.78	0.54	0.79	0.15	0.55	0.72	0.9	0.98	0.87	-0.28		0.77	0.68	-0.23	0.68	0.81	0.77	0.36
Property Plant And Equipment Gross	0.96	-0.14	0.16	0.79	0.95	0.98	-0.4	0.79	0.94	0.4	0.98	0.39	0.41	0.91	0.59	0.72	0.9	-0.22	0.77		0.52	-0.23	0.57	0.44	0.79	0.57
Total Current Assets	0.69	-0.02	0.86	0.74	0.73	0.39	-0.98	0.45	0.38	0.98	0.45	0.12	0.98	0.4	0.86	0.61	0.7	-0.26	0.68	0.52		-0.14	0.6	0.73	0.6	0.64
Short Term Debt	-0.24	0.72	-0.07	-0.23	-0.25	-0.23	0.14	-0.27	-0.33	-0.1	-0.24	0.01	-0.1	-0.33	-0.19	-0.22	-0.32	0.25	-0.23	-0.23	-0.14		-0.37	-0.16	-0.58	-0.24
Other Current Assets	0.64	-0.11	0.46	0.7	0.64	0.52	-0.53	0.43	0.57	0.52	0.55	0.4	0.53	0.5	0.64	0.63	0.67	-0.32	0.68	0.57	0.6	-0.37		0.6	0.66	0.51
Common Stock	0.59	0.11	0.61	0.76	0.58	0.41	-0.64	0.1	0.44	0.65	0.44	-0.08	0.65	0.37	0.88	0.81	0.71	-0.61	0.81	0.44	0.73	-0.16	0.6		0.63	0.21
Other Liab	0.84	-0.44	0.36	0.78	0.83	0.77	-0.51	0.56	0.82	0.5	0.79	0.09	0.5	0.74	0.72	0.73	0.91	-0.41	0.77	0.79	0.6	-0.58	0.66	0.63		0.49
Short Term Investments	0.62	-0.21	0.56	0.55	0.68	0.47	-0.63	0.86	0.45	0.63	0.51	0.35	0.63	0.48	0.39	0.2	0.52	-0.25	0.36	0.57	0.64	-0.24	0.51	0.21	0.49

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DRDGOLD Limited Account Relationship Matchups

DRDGOLD Limited fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.7B	6.3B	7.1B	8.2B	9.5B	9.9B
Short Long Term Debt Total	47.1M	54.8M	52.3M	39.7M	29.2M	27.7M
Other Current Liab	257M	152.4M	169.1M	175.1M	(1.2M)	(1.1M)
Total Current Liabilities	745.9M	531.5M	625.5M	718.7M	953.5M	547.2M
Total Stockholder Equity	4.0B	4.8B	5.4B	6.3B	6.9B	7.2B
Property Plant And Equipment Net	2.6B	2.8B	3.1B	3.9B	6.8B	7.1B
Net Debt	(1.7B)	(2.1B)	(2.5B)	(2.4B)	(480M)	(504M)
Retained Earnings	(2.1B)	(1.3B)	(733.4M)	86.2M	697.2M	732.1M
Accounts Payable	478.8M	352.9M	429.1M	525.1M	917.4M	963.3M
Cash	1.7B	2.2B	2.5B	2.5B	509.2M	596.9M
Non Current Assets Total	3.5B	3.7B	4.0B	4.9B	8.0B	8.4B
Non Currrent Assets Other	35M	40.5M	40.4M	39.7M	958.1M	1.0B
Cash And Short Term Investments	1.7B	2.2B	2.5B	2.5B	521.5M	597.3M
Net Receivables	151.3M	56.5M	142.9M	288.6M	353M	370.7M
Common Stock Shares Outstanding	78.4M	86.1M	86.1M	86.5M	86.6M	43.5M
Liabilities And Stockholders Equity	5.7B	6.3B	7.1B	8.2B	9.5B	9.9B
Non Current Liabilities Total	889.1M	996.1M	1.0B	1.2B	1.6B	817.4M
Inventory	323.4M	340M	389.3M	413.6M	460M	483M
Other Stockholder Equity	(51.0M)	(101.5M)	(70.7M)	(21M)	(18.9M)	(18.0M)
Total Liab	1.6B	1.5B	1.6B	1.9B	2.6B	1.4B
Property Plant And Equipment Gross	2.6B	4.9B	5.2B	6.2B	9.3B	9.8B
Total Current Assets	2.2B	2.7B	3.1B	3.2B	1.5B	968.5M
Accumulated Other Comprehensive Income	50.5M	50.5M	35.1M	20.5M	23.6M	24.8M
Short Term Debt	10.1M	16.9M	19.5M	11.3M	6.9M	6.6M
Other Current Assets	128.2M	96.2M	162.1M	40.6M	159.1M	83.0M
Other Liab	852.1M	958.2M	980M	1.1B	1.3B	1.4B
Property Plant Equipment	2.6B	2.8B	3.1B	3.9B	4.5B	4.7B
Other Assets	669M	698.5M	765.7M	72.5M	83.4M	79.2M
Net Tangible Assets	4.0B	4.8B	5.4B	6.3B	7.2B	7.6B
Long Term Investments	821.3M	819.3M	862.2M	958.3M	1.1B	1.1B
Long Term Debt Total	37M	37.9M	32.8M	28.4M	32.7M	24.9M
Capital Lease Obligations	47.1M	54.8M	52.3M	39.7M	29.2M	31.3M

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When determining whether DRDGOLD Limited ADR is a strong investment it is important to analyze DRDGOLD Limited's 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 DRDGOLD Limited's future performance. For an informed investment choice regarding DRDGOLD Stock, refer to the following important reports:

How To Invest In DRDGOLD

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Is DRDGOLD Stock a good investment?

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What is DRDGOLD Limited's Net Worth?

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DRDGOLD Limited ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Is Metals & Mining 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 DRDGOLD Limited. If investors know DRDGOLD 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 DRDGOLD Limited 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

(0.01)

Dividend Share

Earnings Share

0.85

Revenue Per Share

72.45

Quarterly Revenue Growth

0.149

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

Capex To Depreciation vs Payout Ratio

Capex To Depreciation vs Payout Ratio Correlation Analysis

Correlation Coefficient

Capex To Depreciation

Payout Ratio

DRDGOLD Limited fundamental ratios Correlations

DRDGOLD Limited Account Relationship Matchups

High Positive Relationship

High Negative Relationship

DRDGOLD Limited fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Accounts Payable	+ 0.98	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.98	Property Plant And Equipment Net
Non Current Assets Total	+ 0.98	Accounts Payable

Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Total Current Assets	- 0.98	Net Debt
Net Debt	- 0.89	Other Current Liab
Common Stock Shares Outstanding	- 0.78	Net Debt
Common Stock	- 0.64	Net Debt