What is the Return on Assets (ROA) of Draftkings this year?
The Return on Assets (ROA) of Draftkings is -0.2 undefined this year.
Draftkings ROA 2024
Draftkings ROA
-0.2
Draftkings Dividend yield
Ticker
DKNG
ISIN
US26142R1041
WKN
A2P205
In 2024, Draftkings's return on assets (ROA) was -0.2, a -40.38% increase from the -0.34 ROA in the previous year.
Draftkings Aktienanalyse
What does Draftkings do?
DraftKings Inc. is a leading company in the field of Fantasy Sports, founded in 2012 in Boston, Massachusetts. The idea behind the founding was to create a new type of competition where fans could experience their favorite sports even more intensely than before. The company has since become a more well-known brand and has become one of the largest providers of fantasy sports betting in the USA. The business model of DraftKings is based on a simple idea: fans can create their fantasy teams and participate in competitions based on the results of real sports events such as the National Football League (NFL), Major League Baseball (MLB), the National Basketball Association (NBA), and many others. Participants invest in their carefully assembled fantasy teams and receive prizes from DraftKings for successful placement. The company is financed through contributions made by its customers. In addition to fantasy sports betting, DraftKings has also introduced the entire spectrum of digital and online sports betting. These are bets where customers can directly bet on the outcome of games and competitions without having to visit a local bookmaker. The advantage of online betting is that it can be carried out anytime and from anywhere. DraftKings also offers live betting, which allows customers to place additional bets during ongoing games. For example, these can be bets on how the next goal could be scored or how many goals will be scored in the next half. In addition to sports betting, DraftKings also offers other products such as online casino games like blackjack and roulette, as well as e-sports betting, where customers can bet on the outcome of online video game competitions. Another important aspect of DraftKings is marketing. The company works with a variety of industry giants such as ESPN, Disney World, Turner Sports, NBA, and many more. Through partnerships and sponsorships, the DraftKings brand is made known and the company is positioned as a leading provider of fantasy sports and sports betting. Another important aspect of DraftKings is the technology it operates. DraftKings has developed a state-of-the-art platform for online and mobile sports betting and relies on innovative technology to provide customers with the best possible experience. The platform offers a variety of features such as live statistics, analysis, and broadcasts to make the online and mobile betting experience even more exciting and entertaining. The company also uses artificial intelligence to provide customers with intelligent betting recommendations. In summary, DraftKings Inc. is a leading company in the field of fantasy sports and online sports betting. The company has a unique idea where fans can experience their favorite sports more intensely and have the opportunity to win prizes. DraftKings specializes in various areas, offers various products, and relies on innovative technology to inspire its customers. Through partnerships and a clever marketing strategy, the company has built a strong brand and is on its way to becoming a global market leader. Draftkings ist eines der beliebtesten Unternehmen auf Eulerpool.com.ROA Details
Understanding Draftkings's Return on Assets (ROA)
Draftkings's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.
Year-to-Year Comparison
Comparing Draftkings's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.
Impact on Investments
Investors consider Draftkings's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.
Interpreting ROA Fluctuations
Variations in Draftkings’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.
Frequently Asked Questions about Draftkings Stock
What was the ROA of Draftkings compared to the previous year?
The ROA of Draftkings has increased by -40.38% compared to the previous year.
What consequences do high ROA have for investors of Draftkings?
A high ROA is advantageous for investors of Draftkings, as it indicates that the company efficiently utilizes its assets and generates good profits.
What are the consequences of low ROA for investors in Draftkings?
A low ROA can be unfavorable for investors of Draftkings as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.
How does an increase in the ROA of Draftkings affect the company?
An increase in ROA of Draftkings can be an indicator of improved efficiency in asset utilization and higher profitability.
How does a reduction in ROA of Draftkings impact the company?
A reduction in the ROA of Draftkings can be an indicator of lower asset efficiency and profitability.
What are some factors that can influence the ROA of Draftkings?
Some factors that can influence the ROA of Draftkings include revenue, operating costs, asset structure, and industry average.
Why is the ROA of Draftkings important for investors?
The ROA of Draftkings is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.
What strategic measures can Draftkings take to improve ROA?
To improve ROA, Draftkings can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.
How much dividend does Draftkings pay?
Over the past 12 months, Draftkings paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Draftkings is expected to pay a dividend of 0 USD.
What is the dividend yield of Draftkings?
The current dividend yield of Draftkings is .
When does Draftkings pay dividends?
Draftkings pays a quarterly dividend. This is distributed in the months of .
How secure is the dividend of Draftkings?
Draftkings paid dividends every year for the past 0 years.
What is the dividend of Draftkings?
For the upcoming 12 months, dividends amounting to 0 USD are expected. This corresponds to a dividend yield of 0 %.
In which sector is Draftkings located?
Draftkings is assigned to the 'Cyclical consumption' sector.
Wann musste ich die Aktien von Draftkings kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Draftkings from 5/25/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 5/25/2024.
When did Draftkings pay the last dividend?
The last dividend was paid out on 5/25/2024.
What was the dividend of Draftkings in the year 2023?
In the year 2023, Draftkings distributed 0 USD as dividends.
In which currency does Draftkings pay out the dividend?
The dividends of Draftkings are distributed in USD.
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Andere Kennzahlen von Draftkings
Our stock analysis for Draftkings Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Draftkings Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
