Daktronics Net Working Capital from 2010 to 2024

DAKT Stock  USD 9.97  0.14  1.42%   
Daktronics Net Working Capital yearly trend continues to be comparatively stable with very little volatility. Net Working Capital will likely drop to about 96 M in 2024. From the period from 2010 to 2024, Daktronics Net Working Capital quarterly data regression had r-value of (0.59) and coefficient of variation of  9.05. View All Fundamentals
 
Net Working Capital  
First Reported
2010-12-31
Previous Quarter
119.2 M
Current Value
96 M
Quarterly Volatility
11 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Daktronics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Daktronics main balance sheet or income statement drivers, such as Depreciation And Amortization of 12.6 M, Selling General Administrative of 24.6 M or Total Revenue of 910.7 M, as well as many exotic indicators such as Price Earnings Ratio of 268, Price To Sales Ratio of 0.24 or Dividend Yield of 1.0E-4. Daktronics financial statements analysis is a perfect complement when working with Daktronics Valuation or Volatility modules.
  
This module can also supplement Daktronics' financial leverage analysis and stock options assessment as well as various Daktronics Technical models . Check out the analysis of Daktronics Correlation against competitors.
For more information on how to buy Daktronics Stock please use our How to Invest in Daktronics guide.

Latest Daktronics' Net Working Capital Growth Pattern

Below is the plot of the Net Working Capital of Daktronics over the last few years. It is Daktronics' Net Working Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Daktronics' overall financial position and show how it may be relating to other accounts over time.
Net Working Capital10 Years Trend
Slightly volatile
   Net Working Capital   
       Timeline  

Daktronics Net Working Capital Regression Statistics

Arithmetic Mean121,227,343
Geometric Mean120,727,590
Coefficient Of Variation9.05
Mean Deviation8,557,722
Median127,130,000
Standard Deviation10,974,777
Sample Variance120.4T
Range36.8M
R-Value(0.59)
Mean Square Error84.2T
R-Squared0.35
Significance0.02
Slope(1,453,920)
Total Sum of Squares1686.2T

Daktronics Net Working Capital History

202496 M
2023119.2 M
2022132.5 M
2021103.9 M
2020118.4 M
2019106 M
2018119.6 M

About Daktronics Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Daktronics income statement, its balance sheet, and the statement of cash flows. Daktronics investors use historical funamental indicators, such as Daktronics's Net Working Capital, to determine how well the company is positioned to perform in the future. Although Daktronics investors may use each financial statement separately, they are all related. The changes in Daktronics's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Daktronics's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Daktronics Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Daktronics. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Net Working Capital119.2 M96 M

Pair Trading with Daktronics

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Daktronics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Daktronics will appreciate offsetting losses from the drop in the long position's value.

Moving against Daktronics Stock

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The ability to find closely correlated positions to Daktronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daktronics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Daktronics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Daktronics to buy it.
The correlation of Daktronics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Daktronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daktronics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Daktronics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Daktronics is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Daktronics Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Daktronics Stock. Highlighted below are key reports to facilitate an investment decision about Daktronics Stock:
Check out the analysis of Daktronics Correlation against competitors.
For more information on how to buy Daktronics Stock please use our How to Invest in Daktronics guide.
You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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Is Daktronics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Daktronics. If investors know Daktronics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Daktronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.182
Earnings Share
1.16
Revenue Per Share
17.694
Quarterly Revenue Growth
(0.08)
Return On Assets
0.1127
The market value of Daktronics is measured differently than its book value, which is the value of Daktronics that is recorded on the company's balance sheet. Investors also form their own opinion of Daktronics' value that differs from its market value or its book value, called intrinsic value, which is Daktronics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Daktronics' market value can be influenced by many factors that don't directly affect Daktronics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Daktronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Daktronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Daktronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.