Digital Net Working Capital vs Net Invested Capital Analysis

APPS Stock  USD 1.46  0.01  0.69%   
Digital Turbine financial indicator trend analysis is much more than just examining Digital Turbine latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Digital Turbine is a good investment. Please check the relationship between Digital Turbine Net Working Capital and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Digital Turbine. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
For more information on how to buy Digital Stock please use our How to Invest in Digital Turbine guide.

Net Working Capital vs Net Invested Capital

Net Working Capital vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Digital Turbine Net Working Capital account and Net Invested Capital. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Digital Turbine's Net Working Capital and Net Invested Capital is 0.89. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Digital Turbine, assuming nothing else is changed. The correlation between historical values of Digital Turbine's Net Working Capital and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Digital Turbine are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Working Capital i.e., Digital Turbine's Net Working Capital and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.89
Relationship DirectionPositive 
Relationship StrengthStrong

Net Working Capital

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from Digital Turbine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Digital Turbine 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Digital Turbine. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
For more information on how to buy Digital Stock please use our How to Invest in Digital Turbine guide.At this time, Digital Turbine's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 16.1 M in 2024, whereas Discontinued Operations is likely to drop (359.1 K) in 2024.
 2021 2022 2023 2024 (projected)
Research Development52.7M56.5M54.2M56.9M
Total Revenue747.6M665.9M544.5M571.7M

Digital Turbine fundamental ratios Correlations

0.910.970.950.880.940.87-0.190.840.920.860.980.990.410.95-0.540.980.93-0.410.96-0.361.0-0.160.870.970.44
0.910.930.870.720.810.95-0.140.840.890.720.890.880.410.82-0.510.870.76-0.240.82-0.160.9-0.250.960.890.45
0.970.930.850.870.960.85-0.160.880.830.910.980.960.470.96-0.610.960.93-0.290.94-0.460.95-0.270.860.990.51
0.950.870.850.730.780.89-0.150.780.980.660.870.90.370.82-0.490.870.8-0.330.84-0.110.96-0.180.890.860.41
0.880.720.870.730.950.57-0.190.760.680.930.910.910.450.94-0.540.920.95-0.410.94-0.690.87-0.090.590.920.49
0.940.810.960.780.950.69-0.170.830.740.980.980.960.430.99-0.570.970.98-0.40.98-0.640.93-0.170.710.990.46
0.870.950.850.890.570.69-0.150.720.920.570.810.810.410.71-0.470.790.65-0.230.720.030.86-0.231.00.80.45
-0.19-0.14-0.16-0.15-0.19-0.17-0.15-0.07-0.14-0.2-0.21-0.250.08-0.190.02-0.24-0.180.31-0.240.04-0.19-0.13-0.14-0.190.07
0.840.840.880.780.760.830.72-0.070.710.80.830.830.450.86-0.60.80.85-0.090.78-0.390.83-0.440.730.870.49
0.920.890.830.980.680.740.92-0.140.710.610.850.870.40.76-0.440.850.73-0.350.8-0.040.93-0.130.920.820.44
0.860.720.910.660.930.980.57-0.20.80.610.930.910.370.97-0.540.930.97-0.390.95-0.740.84-0.170.590.940.4
0.980.890.980.870.910.980.81-0.210.830.850.930.990.410.98-0.551.00.95-0.430.99-0.480.97-0.140.821.00.44
0.990.880.960.90.910.960.81-0.250.830.870.910.990.350.97-0.510.990.95-0.440.98-0.440.98-0.160.810.980.39
0.410.410.470.370.450.430.410.080.450.40.370.410.350.39-0.830.370.430.320.33-0.370.42-0.370.460.440.99
0.950.820.960.820.940.990.71-0.190.860.760.970.980.970.39-0.560.970.99-0.380.98-0.610.94-0.220.720.980.44
-0.54-0.51-0.61-0.49-0.54-0.57-0.470.02-0.6-0.44-0.54-0.55-0.51-0.83-0.56-0.52-0.6-0.32-0.480.42-0.560.46-0.52-0.59-0.8
0.980.870.960.870.920.970.79-0.240.80.850.931.00.990.370.97-0.520.95-0.480.99-0.470.97-0.080.80.990.4
0.930.760.930.80.950.980.65-0.180.850.730.970.950.950.430.99-0.60.95-0.350.96-0.650.92-0.230.660.960.47
-0.41-0.24-0.29-0.33-0.41-0.4-0.230.31-0.09-0.35-0.39-0.43-0.440.32-0.38-0.32-0.48-0.35-0.530.08-0.41-0.74-0.21-0.370.34
0.960.820.940.840.940.980.72-0.240.780.80.950.990.980.330.98-0.480.990.96-0.53-0.530.95-0.050.730.980.37
-0.36-0.16-0.46-0.11-0.69-0.640.030.04-0.39-0.04-0.74-0.48-0.44-0.37-0.610.42-0.47-0.650.08-0.53-0.340.190.01-0.52-0.4
1.00.90.950.960.870.930.86-0.190.830.930.840.970.980.420.94-0.560.970.92-0.410.95-0.34-0.140.870.960.45
-0.16-0.25-0.27-0.18-0.09-0.17-0.23-0.13-0.44-0.13-0.17-0.14-0.16-0.37-0.220.46-0.08-0.23-0.74-0.050.19-0.14-0.22-0.2-0.45
0.870.960.860.890.590.711.0-0.140.730.920.590.820.810.460.72-0.520.80.66-0.210.730.010.87-0.220.810.48
0.970.890.990.860.920.990.8-0.190.870.820.941.00.980.440.98-0.590.990.96-0.370.98-0.520.96-0.20.810.48
0.440.450.510.410.490.460.450.070.490.440.40.440.390.990.44-0.80.40.470.340.37-0.40.45-0.450.480.48
Click cells to compare fundamentals

Digital Turbine Account Relationship Matchups

Digital Turbine fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets184.0M260.4M1.5B1.3B865.5M908.8M
Other Current Liab2.6M61.6M204.9M101.6M62.5M65.6M
Total Current Liabilities82.8M111.1M385.3M220.9M236.0M247.8M
Total Stockholder Equity77.5M145.1M514.6M605.2M213.9M224.6M
Other Liab1K4.1M20.0M22.0M25.3M26.6M
Accounts Payable31.6M35.0M167.9M119.3M159.2M167.2M
Cash21.5M30.8M126.8M75.1M33.6M18.4M
Other Assets596K40K13.0M732K841.8K799.7K
Long Term Debt8.0M18.5M520.8M410.5M383.5M402.7M
Good Will69.3M80.2M559.8M561.6M220.1M116.1M
Other Current Assets3.7M4.6M21.0M12.3M25.4M26.7M
Total Liab106.6M115.3M942.3M659.3M651.6M684.2M
Property Plant Equipment8.2M13.1M46.5M39.3M45.2M47.5M
Property Plant And Equipment Net12.4M16.5M46.5M49.4M54.9M57.7M
Net Debt(1.8M)(16.2M)406.5M335.5M349.9M367.4M
Retained Earnings(282.2M)(227.3M)(191.8M)(175.1M)(595.3M)(565.6M)
Non Current Assets Total125.6M163.0M1.0B1.0B623.2M654.4M
Non Currrent Assets Other(125.6M)(150.0M)732K9.9M17.1M17.9M
Cash And Short Term Investments21.5M30.8M126.8M75.1M33.6M20.4M
Net Receivables33.1M62.0M263.1M178.2M191.0M200.6M
Common Stock Shares Outstanding89.6M96.2M102.6M101.8M101.0M106.0M
Liabilities And Stockholders Equity184.0M260.4M1.5B1.3B865.5M908.8M
Other Stockholder Equity360.2M373.2M745.6M822.1M858.1M901.0M
Property Plant And Equipment Gross12.4M16.5M46.5M49.4M110.2M115.7M
Total Current Assets58.4M97.4M410.9M266.1M242.3M254.5M
Accumulated Other Comprehensive Income(591K)(903K)(39.3M)(41.9M)(49.0M)(46.5M)
Non Current Liabilities Total23.7M4.1M557.0M438.4M415.6M436.4M
Inventory125K340K394K500K(7.7M)(7.3M)
Net Tangible Assets(35.8M)11.5M(485.9M)(336.1M)(302.5M)(287.4M)
Retained Earnings Total Equity(282.2M)(227.3M)(191.8M)(175.1M)(157.6M)(165.5M)
Capital Surpluse360.2M373.3M745.7M822.2M945.5M992.8M

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