Dril Quip Deferred Revenue vs Accounts Payable Analysis

DRQ
 Stock
  

USD 21.53  0.58  2.62%   

Dril Quip financial indicator trend analysis is much more than just examining Dril-Quip latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dril-Quip is a good investment. Please check the relationship between Dril Quip Deferred Revenue and its Accounts Payable accounts. Continue to Investing Opportunities.

Deferred Revenue vs Accounts Payable

Deferred Revenue vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dril-Quip Deferred Revenue account and Accounts Payable. At this time, the significance of the direction appears to have no relationship.
The correlation between Dril Quip's Deferred Revenue and Accounts Payable is 0.07. Overlapping area represents the amount of variation of Deferred Revenue that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Dril-Quip, assuming nothing else is changed. The correlation between historical values of Dril Quip's Deferred Revenue and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Deferred Revenue of Dril-Quip are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Deferred Revenue i.e., Dril Quip's Deferred Revenue and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.07
Relationship DirectionPositive 
Relationship StrengthInsignificant

Deferred Revenue

A component of Total Liabilities representing the carrying amount of consideration received or receivable on potential earnings that were not recognized as revenue; including sales; license fees; and royalties; but excluding interest income.

Accounts Payable

An accounting item on the balance sheet that represents Dril Quip obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Dril-Quip are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms.
Most indicators from Dril Quip fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dril-Quip 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. Continue to Investing Opportunities.As of 7th of August 2022, Selling General and Administrative Expense is likely to drop to about 113.5 M. In addition to that, Net Cash Flow Business Acquisitions and Disposals is likely to drop to about (25.4 M)
 2019 2020 2021 2022 (projected)
Interest Expense314 K621 K787 K849.13 K
Gross Profit119.8 M95.28 M80.59 M82.71 M

Dril Quip fundamental ratios Correlations

0.580.240.820.850.43-0.21-0.010.22-0.470.50.710.760.980.520.64-0.830.290.920.590.690.26
0.580.570.60.73-0.01-0.220.490.56-0.020.140.520.080.550.380.4-0.260.530.41.00.260.07
0.240.570.30.340.05-0.10.160.170.010.070.2-0.040.210.460.420.00.960.150.570.040.29
0.820.60.30.980.720.320.350.58-0.38-0.040.980.650.790.080.22-0.760.30.850.590.320.58
0.850.730.340.980.560.20.340.56-0.340.040.940.60.820.180.31-0.750.360.810.720.390.47
0.43-0.010.050.720.560.620.230.45-0.39-0.290.770.560.39-0.26-0.14-0.520.010.65-0.04-0.030.72
-0.21-0.22-0.10.320.20.620.410.46-0.02-0.840.470.07-0.24-0.75-0.68-0.07-0.13-0.01-0.26-0.550.6
-0.010.490.160.350.340.230.410.920.41-0.610.43-0.34-0.07-0.42-0.430.250.07-0.070.45-0.470.41
0.220.560.170.580.560.450.460.920.02-0.510.65-0.070.16-0.32-0.29-0.060.10.230.52-0.290.43
-0.47-0.020.01-0.38-0.34-0.39-0.020.410.02-0.34-0.33-0.63-0.45-0.28-0.390.69-0.04-0.61-0.02-0.480.09
0.50.140.07-0.040.04-0.29-0.84-0.61-0.51-0.34-0.230.420.550.90.9-0.350.160.380.190.69-0.42
0.710.520.20.980.940.770.470.430.65-0.33-0.230.580.67-0.120.02-0.690.190.770.50.20.62
0.760.08-0.040.650.60.560.07-0.34-0.07-0.630.420.580.780.350.49-0.890.020.780.10.480.32
0.980.550.210.790.820.39-0.24-0.070.16-0.450.550.670.780.560.68-0.850.280.910.570.740.26
0.520.380.460.080.18-0.26-0.75-0.42-0.32-0.280.9-0.120.350.560.98-0.320.530.360.420.58-0.23
0.640.40.420.220.31-0.14-0.68-0.43-0.29-0.390.90.020.490.680.98-0.480.50.50.440.67-0.15
-0.83-0.260.0-0.76-0.75-0.52-0.070.25-0.060.69-0.35-0.69-0.89-0.85-0.32-0.48-0.07-0.87-0.28-0.69-0.31
0.290.530.960.30.360.01-0.130.070.1-0.040.160.190.020.280.530.5-0.070.20.550.110.23
0.920.40.150.850.810.65-0.01-0.070.23-0.610.380.770.780.910.360.5-0.870.20.410.640.3
0.591.00.570.590.72-0.04-0.260.450.52-0.020.190.50.10.570.420.44-0.280.550.410.30.05
0.690.260.040.320.39-0.03-0.55-0.47-0.29-0.480.690.20.480.740.580.67-0.690.110.640.3-0.15
0.260.070.290.580.470.720.60.410.430.09-0.420.620.320.26-0.23-0.15-0.310.230.30.05-0.15
Click cells to compare fundamentals

Dril Quip Account Relationship Matchups

Dril Quip fundamental ratios Accounts

201720182019202020212022 (projected)
Inventories291.09 M191.19 M205.06 M212.54 M145.72 M149.56 M
Receivables191.63 M202.16 M248.16 M256.52 M203.58 M208.58 M
Accounts Payable33.48 M26.69 M46.32 M37.42 M35.23 M33.77 M
Accumulated Other Comprehensive Income(126.29 M)(145.11 M)(143.56 M)(149.71 M)(156.59 M)(160.71 M)
Total Assets1.4 B1.19 B1.21 B1.15 B1.01 B1.07 B
Current Assets1.01 B852.98 M880.49 M863.19 M745.55 M792.92 M
Assets Non Current391.26 M339.53 M326.08 M287.98 M264.88 M275.29 M
Cash and Equivalents493.18 M418.1 M398.95 M345.95 M355.45 M400.52 M
Cash and Equivalents USD493.18 M418.1 M398.95 M345.95 M355.45 M400.52 M
Deferred Revenue4.77 M9.65 M6.9 M11.34 M9.75 M10 M
Shareholders Equity1.29 B1.1 B1.09 B1.04 B897.11 M953.68 M
Shareholders Equity USD1.29 B1.1 B1.09 B1.04 B897.11 M953.68 M
Goodwill and Intangible Assets86.03 M42.69 M40.19 M29.43 M26.45 M34.18 M
Inventory291.09 M191.19 M205.06 M212.54 M145.72 M197.13 M
Total Liabilities105.34 M96.35 M115.86 M109.64 M113.32 M114.52 M
Current Liabilities99.91 M81.54 M96.94 M85.51 M93.66 M99.59 M
Liabilities Non Current5.43 M14.81 M18.92 M24.13 M19.66 M16.65 M
Trade and Non Trade Payables33.48 M26.69 M46.32 M37.42 M35.23 M34.21 M
Property Plant and Equipment Net284.25 M274.12 M263.64 M241.78 M221.46 M234.74 M
Trade and Non Trade Receivables191.63 M202.16 M248.16 M256.52 M203.58 M211.72 M
Accumulated Retained Earnings Deficit1.4 B1.21 B1.18 B1.13 B973.09 M1.19 B
Tax Assets5.36 M8 M8.94 M5.77 M11.38 M12.96 M
Tax Liabilities28.15 M15.23 M17.58 M20.5 M17.65 M20.66 M

Dril Quip Investors Sentiment

The influence of Dril Quip's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Dril Quip. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Dril Quip's public news can be used to forecast risks associated with investment in Dril Quip. The trend in average sentiment can be used to explain how an investor holding Dril Quip can time the market purely based on public headlines and social activities around Dril-Quip. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Dril Quip's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Dril Quip's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Dril Quip's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Dril Quip.

Dril Quip Implied Volatility

    
  54.69  
Dril Quip's implied volatility exposes the market's sentiment of Dril-Quip stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Dril Quip's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Dril Quip stock will not fluctuate a lot when Dril Quip's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Dril Quip in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Dril Quip's short interest history, or implied volatility extrapolated from Dril Quip options trading.

Pair Trading with Dril Quip

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 Dril Quip 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 Dril Quip will appreciate offsetting losses from the drop in the long position's value.

Moving together with Dril Quip

0.82GEOSGeospace Technologie Earnings Call  This WeekPairCorr
0.67KLXEKlx Energy Services Earnings Call  This WeekPairCorr
0.71MTRXMatrix Service Fiscal Year End 12th of September 2022 PairCorr

Moving against Dril Quip

0.64BASXQBasic Energy Services Earnings Call  TomorrowPairCorr
The ability to find closely correlated positions to Dril Quip could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dril Quip 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 Dril Quip - 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 Dril-Quip to buy it.
The correlation of Dril Quip is a statistical measure of how it moves in relation to other equities. 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 Dril Quip moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dril-Quip 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 Dril Quip 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 CorrelationCorrelation Matching
Continue to Investing Opportunities. Note that the Dril-Quip information on this page should be used as a complementary analysis to other Dril Quip's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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When running Dril-Quip price analysis, check to measure Dril Quip's 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 Dril Quip is operating at the current time. Most of Dril Quip's value examination focuses on studying past and present price action to predict the probability of Dril Quip's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Dril Quip's price. Additionally, you may evaluate how the addition of Dril Quip to your portfolios can decrease your overall portfolio volatility.
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Is Dril Quip's industry 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 Dril Quip. If investors know Dril Quip 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 Dril Quip listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
740.1 M
Quarterly Revenue Growth YOY
0.16
Return On Assets
-0.0204
Return On Equity
-0.0956
The market value of Dril-Quip is measured differently than its book value, which is the value of Dril Quip that is recorded on the company's balance sheet. Investors also form their own opinion of Dril Quip's value that differs from its market value or its book value, called intrinsic value, which is Dril Quip'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 Dril Quip's market value can be influenced by many factors that don't directly affect Dril Quip'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 Dril Quip's value and its price as these two are different measures arrived at by different means. Investors typically determine Dril Quip value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dril Quip'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.