Drilling Tools International's (NASDAQ:DTI) Weak Earnings Might Be Worse Than They Appear [Yahoo! Finance]
Drilling Tools International Corporation (DTI)
Company Research
Source: Yahoo! Finance
We looked deeper and believe that there is even more to be worried about, beyond the soft profit numbers. See our latest analysis for Drilling Tools International Examining Cashflow Against Drilling Tools International's Earnings Many investors haven't heard of the accrual ratio from cashflow , but it is actually a useful measure of how well a company's profit is backed up by free cash flow (FCF) during a given period. In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. The ratio shows us how much a company's profit exceeds its FCF. As a result, a negative accrual ratio is a positive for the company, and a positive accrual ratio is a negative. While it's not a problem to have a positive accrual ratio, indicating a certain level of non-cash profits, a high accrual ratio is arguably a bad thing, because it indicates paper profits are not matched by cash flow. To quote a 2014 paper by Lewe
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DTI
News
- Drilling Tools International Corp. to Participate in the 2024 Barclays CEO Energy-Power ConferencePR Newswire
- What Does The Future Hold For Drilling Tools International Corporation (NASDAQ:DTI)? These Analysts Have Been Cutting Their Estimates [Yahoo! Finance]Yahoo! Finance
- Drilling Tools International Corp. to Webcast EnerCom Denver Energy Conference Presentation on August 20th at 10:30 a.m. EDTPR Newswire
- Drilling Tools International Corporation (DTI) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Drilling Tools International Co. (NASDAQ: DTI) had its price target lowered by analysts at Alliance Global Partners from $8.50 to $7.50. They now have a "buy" rating on the stock.MarketBeat
DTI
Earnings
- 8/6/24 - Miss
DTI
Sec Filings
- 9/13/24 - Form S-3
- 8/9/24 - Form 10-Q
- 8/6/24 - Form 8-K
- DTI's page on the SEC website