DraftKings Inc. Change in Working Capital
| Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | |
|---|---|---|---|---|---|---|---|---|
| Change in Working Capital | ($28.1M) | $13.9M | $31.6M | $102.5M | $356.8M | $121.7M | $134.9M | $349.7M |
DraftKings Inc. (DKNG) Change in Working Capital comparison analysis
General
LTM Change in Working Capital
Growth
Company name
YoY growth
3Y CAGR
5Y CAGR
DKNG key stats
| Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | |
|---|---|---|---|---|---|---|---|---|
% growth | 191.8 0.0% | 226.3 17.9% | 323.4 42.9% | 614.5 90.0% | 1,296.0 110.9% | 2,240.5 72.9% | 3,665.4 63.6% | 4,767.7 30.1% |
| Cost of Goods Sold (COGS) | 31.8 | 48.7 | 103.9 | 346.6 | 794.2 | 1,484.3 | 2,292.2 | 2,950.6 |
% margin | 160.1 83.5% | 177.6 78.5% | 219.5 67.9% | 267.9 43.6% | 501.9 38.7% | 756.2 33.8% | 1,373.2 37.5% | 1,817.1 38.1% |
| Operating Expenses | 233.3 | 254.4 | 366.1 | 1,111.2 | 2,063.5 | 2,267.9 | 2,162.4 | 2,426.1 |
| Research & Development Expenses (R&D) | 20.2 | 32.9 | 55.9 | 168.6 | 253.7 | 318.2 | 355.2 | 397.1 |
| Selling, General & Administrative Expenses (SG&A) | 213.1 | 221.5 | 310.1 | 942.6 | 1,809.8 | 1,949.7 | 1,804.2 | 2,029.0 |
% margin | (73.2) (38.2%) | (76.8) (33.9%) | (146.5) (45.3%) | (843.3) (137.2%) | (1,561.6) (120.5%) | (1,511.8) (67.5%) | (789.2) (21.5%) | (609.0) (12.8%) |
| Interest Income | 0.0 | 0.0 | 1.3 | 1.1 | 2.0 | 18.7 | 58.4 | 47.3 |
| Interest Expense | 0.0 | 0.0 | 0.0 | 1.1 | 2.0 | 18.7 | 2.7 | 3.0 |
| Pre-tax Income | (75.3) | (76.1) | (142.2) | (844.3) | (1,517.6) | (1,443.0) | (791.3) | (593.2) |
% effective tax rate | 0.2 (0.3%) | 0.1 (0.1%) | 0.1 (0.0%) | (0.6) 0.1% | 8.3 (0.5%) | (67.9) 4.7% | 10.2 (1.3%) | (86.3) 14.6% |
% margin | (75.6) (39.4%) | (76.2) (33.7%) | (142.3) (44.0%) | (843.7) (137.3%) | (1,525.9) (117.7%) | (1,375.1) (61.4%) | (802.1) (21.9%) | (507.3) (10.6%) |
| EPS | (0.41) | (0.41) | (0.77) | (2.76) | (3.79) | (3.15) | (1.73) | (1.05) |
| Diluted EPS | (0.41) | (0.41) | (0.77) | (2.76) | (3.79) | (3.15) | (1.73) | (1.05) |
% margin | (66.9) (34.9%) | (69.3) (30.6%) | (128.6) (39.8%) | (729.4) (118.7%) | (1,396.5) (107.8%) | (1,273.7) (56.9%) | (586.7) (16.0%) | (311.8) (6.5%) |
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FAQ
1) What is DraftKings Inc.'s Change in Working Capital?
As of today, DraftKings Inc.'s last 12-month Change in Working Capital is $284.3M, based on the financial report for Dec 31, 2024 (Q4’2024).
2) What is DraftKings Inc.'s Change in Working Capital growth rate?
Over the last year, DraftKings Inc.'s Change in Working Capital growth was 110.8%. The average annual Change in Working Capital growth rates for DraftKings Inc. have been 15.3% over the past three years, 43.8% over the past five years.
3) Is DraftKings Inc.'s Change in Working Capital growth rate Good?
Over the last year, DraftKings Inc.'s Change in Working Capital growth was 110.8%, which is higher than industry growth of (1.0%). It indicates that DraftKings Inc.'s Change in Working Capital growth is Good.