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 Direction	Positive
Relationship Strength	Strong

View All Relationships

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 Development	52.7M	56.5M	54.2M	56.9M
Total Revenue	747.6M	665.9M	544.5M	571.7M

Research Development Total Revenue

Digital Turbine fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Good Will	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity
Total Assets		0.91	0.97	0.95	0.88	0.94	0.87	-0.19	0.84	0.92	0.86	0.98	0.99	0.41	0.95	-0.54	0.98	0.93	-0.41	0.96	-0.36	1.0	-0.16	0.87	0.97	0.44
Other Current Liab	0.91		0.93	0.87	0.72	0.81	0.95	-0.14	0.84	0.89	0.72	0.89	0.88	0.41	0.82	-0.51	0.87	0.76	-0.24	0.82	-0.16	0.9	-0.25	0.96	0.89	0.45
Total Current Liabilities	0.97	0.93		0.85	0.87	0.96	0.85	-0.16	0.88	0.83	0.91	0.98	0.96	0.47	0.96	-0.61	0.96	0.93	-0.29	0.94	-0.46	0.95	-0.27	0.86	0.99	0.51
Total Stockholder Equity	0.95	0.87	0.85		0.73	0.78	0.89	-0.15	0.78	0.98	0.66	0.87	0.9	0.37	0.82	-0.49	0.87	0.8	-0.33	0.84	-0.11	0.96	-0.18	0.89	0.86	0.41
Other Liab	0.88	0.72	0.87	0.73		0.95	0.57	-0.19	0.76	0.68	0.93	0.91	0.91	0.45	0.94	-0.54	0.92	0.95	-0.41	0.94	-0.69	0.87	-0.09	0.59	0.92	0.49
Accounts Payable	0.94	0.81	0.96	0.78	0.95		0.69	-0.17	0.83	0.74	0.98	0.98	0.96	0.43	0.99	-0.57	0.97	0.98	-0.4	0.98	-0.64	0.93	-0.17	0.71	0.99	0.46
Cash	0.87	0.95	0.85	0.89	0.57	0.69		-0.15	0.72	0.92	0.57	0.81	0.81	0.41	0.71	-0.47	0.79	0.65	-0.23	0.72	0.03	0.86	-0.23	1.0	0.8	0.45
Other Assets	-0.19	-0.14	-0.16	-0.15	-0.19	-0.17	-0.15		-0.07	-0.14	-0.2	-0.21	-0.25	0.08	-0.19	0.02	-0.24	-0.18	0.31	-0.24	0.04	-0.19	-0.13	-0.14	-0.19	0.07
Long Term Debt	0.84	0.84	0.88	0.78	0.76	0.83	0.72	-0.07		0.71	0.8	0.83	0.83	0.45	0.86	-0.6	0.8	0.85	-0.09	0.78	-0.39	0.83	-0.44	0.73	0.87	0.49
Good Will	0.92	0.89	0.83	0.98	0.68	0.74	0.92	-0.14	0.71		0.61	0.85	0.87	0.4	0.76	-0.44	0.85	0.73	-0.35	0.8	-0.04	0.93	-0.13	0.92	0.82	0.44
Other Current Assets	0.86	0.72	0.91	0.66	0.93	0.98	0.57	-0.2	0.8	0.61		0.93	0.91	0.37	0.97	-0.54	0.93	0.97	-0.39	0.95	-0.74	0.84	-0.17	0.59	0.94	0.4
Total Liab	0.98	0.89	0.98	0.87	0.91	0.98	0.81	-0.21	0.83	0.85	0.93		0.99	0.41	0.98	-0.55	1.0	0.95	-0.43	0.99	-0.48	0.97	-0.14	0.82	1.0	0.44
Intangible Assets	0.99	0.88	0.96	0.9	0.91	0.96	0.81	-0.25	0.83	0.87	0.91	0.99		0.35	0.97	-0.51	0.99	0.95	-0.44	0.98	-0.44	0.98	-0.16	0.81	0.98	0.39
Common Stock	0.41	0.41	0.47	0.37	0.45	0.43	0.41	0.08	0.45	0.4	0.37	0.41	0.35		0.39	-0.83	0.37	0.43	0.32	0.33	-0.37	0.42	-0.37	0.46	0.44	0.99
Property Plant Equipment	0.95	0.82	0.96	0.82	0.94	0.99	0.71	-0.19	0.86	0.76	0.97	0.98	0.97	0.39		-0.56	0.97	0.99	-0.38	0.98	-0.61	0.94	-0.22	0.72	0.98	0.44
Short Term Investments	-0.54	-0.51	-0.61	-0.49	-0.54	-0.57	-0.47	0.02	-0.6	-0.44	-0.54	-0.55	-0.51	-0.83	-0.56		-0.52	-0.6	-0.32	-0.48	0.42	-0.56	0.46	-0.52	-0.59	-0.8
Short Long Term Debt Total	0.98	0.87	0.96	0.87	0.92	0.97	0.79	-0.24	0.8	0.85	0.93	1.0	0.99	0.37	0.97	-0.52		0.95	-0.48	0.99	-0.47	0.97	-0.08	0.8	0.99	0.4
Property Plant And Equipment Net	0.93	0.76	0.93	0.8	0.95	0.98	0.65	-0.18	0.85	0.73	0.97	0.95	0.95	0.43	0.99	-0.6	0.95		-0.35	0.96	-0.65	0.92	-0.23	0.66	0.96	0.47
Current Deferred Revenue	-0.41	-0.24	-0.29	-0.33	-0.41	-0.4	-0.23	0.31	-0.09	-0.35	-0.39	-0.43	-0.44	0.32	-0.38	-0.32	-0.48	-0.35		-0.53	0.08	-0.41	-0.74	-0.21	-0.37	0.34
Net Debt	0.96	0.82	0.94	0.84	0.94	0.98	0.72	-0.24	0.78	0.8	0.95	0.99	0.98	0.33	0.98	-0.48	0.99	0.96	-0.53		-0.53	0.95	-0.05	0.73	0.98	0.37
Retained Earnings	-0.36	-0.16	-0.46	-0.11	-0.69	-0.64	0.03	0.04	-0.39	-0.04	-0.74	-0.48	-0.44	-0.37	-0.61	0.42	-0.47	-0.65	0.08	-0.53		-0.34	0.19	0.01	-0.52	-0.4
Non Current Assets Total	1.0	0.9	0.95	0.96	0.87	0.93	0.86	-0.19	0.83	0.93	0.84	0.97	0.98	0.42	0.94	-0.56	0.97	0.92	-0.41	0.95	-0.34		-0.14	0.87	0.96	0.45
Non Currrent Assets Other	-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	-0.22	0.46	-0.08	-0.23	-0.74	-0.05	0.19	-0.14		-0.22	-0.2	-0.45
Cash And Short Term Investments	0.87	0.96	0.86	0.89	0.59	0.71	1.0	-0.14	0.73	0.92	0.59	0.82	0.81	0.46	0.72	-0.52	0.8	0.66	-0.21	0.73	0.01	0.87	-0.22		0.81	0.48
Net Receivables	0.97	0.89	0.99	0.86	0.92	0.99	0.8	-0.19	0.87	0.82	0.94	1.0	0.98	0.44	0.98	-0.59	0.99	0.96	-0.37	0.98	-0.52	0.96	-0.2	0.81		0.48
Common Stock Total Equity	0.44	0.45	0.51	0.41	0.49	0.46	0.45	0.07	0.49	0.44	0.4	0.44	0.39	0.99	0.44	-0.8	0.4	0.47	0.34	0.37	-0.4	0.45	-0.45	0.48	0.48

Click cells to compare fundamentals

Digital Turbine Account Relationship Matchups

Digital Turbine fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	184.0M	260.4M	1.5B	1.3B	865.5M	908.8M
Other Current Liab	2.6M	61.6M	204.9M	101.6M	62.5M	65.6M
Total Current Liabilities	82.8M	111.1M	385.3M	220.9M	236.0M	247.8M
Total Stockholder Equity	77.5M	145.1M	514.6M	605.2M	213.9M	224.6M
Other Liab	1K	4.1M	20.0M	22.0M	25.3M	26.6M
Accounts Payable	31.6M	35.0M	167.9M	119.3M	159.2M	167.2M
Cash	21.5M	30.8M	126.8M	75.1M	33.6M	18.4M
Other Assets	596K	40K	13.0M	732K	841.8K	799.7K
Long Term Debt	8.0M	18.5M	520.8M	410.5M	383.5M	402.7M
Good Will	69.3M	80.2M	559.8M	561.6M	220.1M	116.1M
Other Current Assets	3.7M	4.6M	21.0M	12.3M	25.4M	26.7M
Total Liab	106.6M	115.3M	942.3M	659.3M	651.6M	684.2M
Property Plant Equipment	8.2M	13.1M	46.5M	39.3M	45.2M	47.5M
Property Plant And Equipment Net	12.4M	16.5M	46.5M	49.4M	54.9M	57.7M
Net Debt	(1.8M)	(16.2M)	406.5M	335.5M	349.9M	367.4M
Retained Earnings	(282.2M)	(227.3M)	(191.8M)	(175.1M)	(595.3M)	(565.6M)
Non Current Assets Total	125.6M	163.0M	1.0B	1.0B	623.2M	654.4M
Non Currrent Assets Other	(125.6M)	(150.0M)	732K	9.9M	17.1M	17.9M
Cash And Short Term Investments	21.5M	30.8M	126.8M	75.1M	33.6M	20.4M
Net Receivables	33.1M	62.0M	263.1M	178.2M	191.0M	200.6M
Common Stock Shares Outstanding	89.6M	96.2M	102.6M	101.8M	101.0M	106.0M
Liabilities And Stockholders Equity	184.0M	260.4M	1.5B	1.3B	865.5M	908.8M
Other Stockholder Equity	360.2M	373.2M	745.6M	822.1M	858.1M	901.0M
Property Plant And Equipment Gross	12.4M	16.5M	46.5M	49.4M	110.2M	115.7M
Total Current Assets	58.4M	97.4M	410.9M	266.1M	242.3M	254.5M
Accumulated Other Comprehensive Income	(591K)	(903K)	(39.3M)	(41.9M)	(49.0M)	(46.5M)
Non Current Liabilities Total	23.7M	4.1M	557.0M	438.4M	415.6M	436.4M
Inventory	125K	340K	394K	500K	(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 Surpluse	360.2M	373.3M	745.7M	822.2M	945.5M	992.8M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Digital Stock Analysis

When running Digital Turbine's price analysis, check to measure Digital Turbine'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 Digital Turbine is operating at the current time. Most of Digital Turbine's value examination focuses on studying past and present price action to predict the probability of Digital Turbine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Digital Turbine's price. Additionally, you may evaluate how the addition of Digital Turbine 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