Daktronics Operating Income vs Gross Profit Analysis

DAKT Stock

USD 8.91 0.57 6.01%

Daktronics financial indicator trend analysis is much more than just examining Daktronics latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Daktronics is a good investment. Please check the relationship between Daktronics Operating Income and its Gross Profit accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Daktronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Daktronics Stock please use our How to Invest in Daktronics guide.

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Daktronics Operating Income account and Gross Profit. At this time, the significance of the direction appears to have weak relationship.

The correlation between Daktronics' Operating Income and Gross Profit is 0.38. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Daktronics, assuming nothing else is changed. The correlation between historical values of Daktronics' Operating Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Daktronics are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Operating Income i.e., Daktronics' Operating Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.38

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Daktronics operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Daktronics is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Daktronics minus its cost of goods sold. It is profit before Daktronics operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most indicators from Daktronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Daktronics 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Daktronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Daktronics Stock please use our How to Invest in Daktronics guide.At this time, Daktronics' Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 12.39 in 2024, whereas Enterprise Value is likely to drop slightly above 203.4 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	116.7M	151.4M	174.1M	98.7M
Total Revenue	611.0M	754.2M	867.3M	910.7M

Gross Profit Total Revenue

Daktronics fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.33	0.65	0.97	0.7	0.74	-0.04	0.58	0.95	0.23	0.77	0.0	0.1	0.98	0.86	0.85	0.9	0.63	0.54	0.96	0.8	1.0	-0.09	-0.08	0.92	0.7
Short Long Term Debt Total	0.33		-0.15	0.4	-0.05	0.05	0.65	-0.07	0.3	-0.34	0.12	-0.24	-0.41	0.34	0.11	0.47	0.52	0.47	0.37	0.42	0.55	0.33	0.55	-0.31	0.24	0.05
Other Current Liab	0.65	-0.15		0.59	0.76	0.77	-0.27	0.67	0.6	0.3	0.8	0.09	0.19	0.66	0.76	0.48	0.48	0.41	0.54	0.57	0.42	0.64	-0.52	-0.02	0.53	0.68
Total Current Liabilities	0.97	0.4	0.59		0.55	0.6	0.11	0.4	0.98	0.08	0.72	-0.04	-0.12	0.96	0.75	0.89	0.97	0.63	0.43	0.99	0.91	0.96	-0.12	-0.24	0.9	0.66
Total Stockholder Equity	0.7	-0.05	0.76	0.55		0.98	-0.43	0.91	0.58	0.53	0.83	0.04	0.59	0.66	0.94	0.33	0.39	0.44	0.75	0.51	0.24	0.71	0.01	0.3	0.62	0.78
Property Plant And Equipment Net	0.74	0.05	0.77	0.6	0.98		-0.29	0.88	0.64	0.41	0.87	-0.03	0.47	0.71	0.95	0.42	0.47	0.51	0.78	0.57	0.32	0.74	0.03	0.32	0.66	0.8
Net Debt	-0.04	0.65	-0.27	0.11	-0.43	-0.29		-0.42	0.12	-0.93	-0.18	-0.18	-0.83	0.06	-0.3	0.21	0.31	0.21	-0.1	0.14	0.46	-0.05	0.22	-0.22	-0.11	-0.24
Retained Earnings	0.58	-0.07	0.67	0.4	0.91	0.88	-0.42		0.44	0.51	0.57	0.28	0.68	0.58	0.79	0.12	0.22	0.45	0.67	0.34	0.12	0.61	-0.03	0.29	0.38	0.46
Accounts Payable	0.95	0.3	0.6	0.98	0.58	0.64	0.12	0.44		0.02	0.71	-0.02	-0.09	0.96	0.76	0.83	0.94	0.61	0.41	0.96	0.88	0.95	-0.15	-0.17	0.88	0.66
Cash	0.23	-0.34	0.3	0.08	0.53	0.41	-0.93	0.51	0.02		0.31	0.13	0.83	0.12	0.46	0.0	-0.11	-0.04	0.29	0.06	-0.28	0.24	-0.05	0.11	0.28	0.35
Non Current Assets Total	0.77	0.12	0.8	0.72	0.83	0.87	-0.18	0.57	0.71	0.31		-0.26	0.14	0.71	0.91	0.63	0.64	0.5	0.72	0.71	0.5	0.73	-0.03	0.14	0.79	0.95
Non Currrent Assets Other	0.0	-0.24	0.09	-0.04	0.04	-0.03	-0.18	0.28	-0.02	0.13	-0.26		0.2	0.1	-0.06	-0.15	-0.11	-0.34	-0.42	-0.06	-0.02	0.07	-0.38	-0.17	-0.23	-0.32
Cash And Short Term Investments	0.1	-0.41	0.19	-0.12	0.59	0.47	-0.83	0.68	-0.09	0.83	0.14	0.2		0.04	0.41	-0.29	-0.32	-0.05	0.32	-0.16	-0.48	0.13	0.09	0.42	0.09	0.19
Net Receivables	0.98	0.34	0.66	0.96	0.66	0.71	0.06	0.58	0.96	0.12	0.71	0.1	0.04		0.81	0.83	0.91	0.62	0.48	0.95	0.84	0.99	-0.16	-0.11	0.86	0.62
Common Stock Shares Outstanding	0.86	0.11	0.76	0.75	0.94	0.95	-0.3	0.79	0.76	0.46	0.91	-0.06	0.41	0.81		0.59	0.63	0.54	0.74	0.73	0.46	0.86	0.02	0.21	0.83	0.86
Non Current Liabilities Total	0.85	0.47	0.48	0.89	0.33	0.42	0.21	0.12	0.83	0.0	0.63	-0.15	-0.29	0.83	0.59		0.94	0.44	0.29	0.94	0.85	0.82	-0.16	-0.24	0.87	0.6
Inventory	0.9	0.52	0.48	0.97	0.39	0.47	0.31	0.22	0.94	-0.11	0.64	-0.11	-0.32	0.91	0.63	0.94		0.59	0.35	0.98	0.96	0.89	-0.09	-0.29	0.85	0.59
Other Current Assets	0.63	0.47	0.41	0.63	0.44	0.51	0.21	0.45	0.61	-0.04	0.5	-0.34	-0.05	0.62	0.54	0.44	0.59		0.76	0.6	0.56	0.62	0.22	-0.17	0.49	0.33
Other Stockholder Equity	0.54	0.37	0.54	0.43	0.75	0.78	-0.1	0.67	0.41	0.29	0.72	-0.42	0.32	0.48	0.74	0.29	0.35	0.76		0.41	0.24	0.52	0.36	0.19	0.47	0.61
Total Liab	0.96	0.42	0.57	0.99	0.51	0.57	0.14	0.34	0.96	0.06	0.71	-0.06	-0.16	0.95	0.73	0.94	0.98	0.6	0.41		0.91	0.94	-0.13	-0.25	0.91	0.66
Property Plant And Equipment Gross	0.8	0.55	0.42	0.91	0.24	0.32	0.46	0.12	0.88	-0.28	0.5	-0.02	-0.48	0.84	0.46	0.85	0.96	0.56	0.24	0.91		0.79	-0.15	-0.43	0.69	0.42
Total Current Assets	1.0	0.33	0.64	0.96	0.71	0.74	-0.05	0.61	0.95	0.24	0.73	0.07	0.13	0.99	0.86	0.82	0.89	0.62	0.52	0.94	0.79		-0.1	-0.11	0.9	0.67
Short Term Debt	-0.09	0.55	-0.52	-0.12	0.01	0.03	0.22	-0.03	-0.15	-0.05	-0.03	-0.38	0.09	-0.16	0.02	-0.16	-0.09	0.22	0.36	-0.13	-0.15	-0.1		0.22	-0.02	0.01
Intangible Assets	-0.08	-0.31	-0.02	-0.24	0.3	0.32	-0.22	0.29	-0.17	0.11	0.14	-0.17	0.42	-0.11	0.21	-0.24	-0.29	-0.17	0.19	-0.25	-0.43	-0.11	0.22		0.05	0.17
Common Stock Total Equity	0.92	0.24	0.53	0.9	0.62	0.66	-0.11	0.38	0.88	0.28	0.79	-0.23	0.09	0.86	0.83	0.87	0.85	0.49	0.47	0.91	0.69	0.9	-0.02	0.05		0.8
Common Stock	0.7	0.05	0.68	0.66	0.78	0.8	-0.24	0.46	0.66	0.35	0.95	-0.32	0.19	0.62	0.86	0.6	0.59	0.33	0.61	0.66	0.42	0.67	0.01	0.17	0.8

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Daktronics Account Relationship Matchups

Daktronics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	372.7M	375.2M	440.9M	468.1M	538.3M	565.2M
Short Long Term Debt Total	2.4M	1.9M	2.3M	17.8M	16.0M	16.8M
Other Current Liab	44.8M	40.0M	44.7M	48.8M	56.2M	28.5M
Total Current Liabilities	146.0M	146.6M	213.7M	210.2M	241.7M	253.8M
Total Stockholder Equity	177.0M	193.6M	191.6M	200.9M	231.0M	140.5M
Property Plant And Equipment Net	67.5M	58.7M	66.8M	72.1M	83.0M	52.2M
Net Debt	(38.0M)	(75.7M)	(14.8M)	(6.2M)	(5.6M)	(5.9M)
Retained Earnings	85.1M	96.0M	96.6M	103.4M	118.9M	90.6M
Accounts Payable	47.8M	40.3M	76.3M	67.5M	77.7M	81.5M
Cash	40.4M	77.6M	17.1M	24.0M	27.6M	25.1M
Non Current Assets Total	120.6M	110.2M	123.3M	125.4M	144.3M	75.4M
Non Currrent Assets Other	1.1M	1.6M	1.5M	4.1M	3.7M	5.0M
Cash And Short Term Investments	41.6M	77.6M	21.2M	24.5M	28.2M	32.5M
Net Receivables	112.1M	102.8M	146.2M	158.3M	182.1M	191.2M
Common Stock Shares Outstanding	45.3M	45.2M	45.3M	45.5M	52.3M	43.5M
Liabilities And Stockholders Equity	372.7M	375.2M	440.9M	468.1M	538.3M	565.2M
Non Current Liabilities Total	49.7M	35.0M	35.6M	57.1M	65.6M	68.9M
Inventory	86.8M	74.4M	134.4M	149.4M	171.9M	180.5M
Other Current Assets	9.6M	7.4M	15.0M	9.7M	11.1M	13.6M
Other Stockholder Equity	37.2M	39.3M	38.1M	40.0M	46.0M	28.6M
Total Liab	195.7M	181.6M	249.3M	267.2M	307.3M	322.7M
Property Plant And Equipment Gross	78.6M	58.7M	252.3M	265.5M	305.3M	320.6M
Total Current Assets	252.0M	265.0M	317.6M	342.7M	394.1M	413.8M
Accumulated Other Comprehensive Income	(5.3M)	(2.3M)	(4.9M)	(5.5M)	(6.4M)	(6.7M)
Short Term Debt	2.4M	1.9M	2.3M	2.3M	2.6M	2.5M
Intangible Assets	3.4M	2.1M	1.5M	1.1M	1.3M	1.2M
Common Stock Total Equity	54.7M	57.7M	60.0M	60.6M	69.7M	73.1M
Common Stock	60.0M	60.6M	61.8M	63.0M	72.5M	36.9M
Other Liab	43.6M	30.5M	35.6M	39.3M	45.2M	47.5M
Other Assets	14.4M	13.6M	14.8M	21.0M	24.1M	25.4M
Good Will	7.7M	8.4M	7.9M	3.2M	3.7M	5.0M
Property Plant Equipment	67.5M	58.7M	66.8M	72.1M	83.0M	65.1M
Current Deferred Revenue	50.9M	64.5M	90.4M	91.5M	105.3M	110.5M
Short Term Investments	1.2M	27.4M	4.0M	534K	614.1K	583.4K
Net Tangible Assets	169.2M	183.1M	182.2M	196.5M	176.9M	150.7M
Deferred Long Term Liab	8.1M	533K	452K	3.9M	3.5M	3.7M

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 together with Daktronics Stock

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0.8	CLS	Celestica Financial Report 24th of April 2024	Pair Corr

Moving against Daktronics Stock

0.89	MEI	Methode Electronics Financial Report 27th of June 2024	Pair Corr
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0.71	GILT	Gilat Satellite Networks	Pair Corr
0.65	IMTE	Integrated Media Tec Report 26th of April 2024	Pair Corr
0.56	BELFB	Bel Fuse B Financial Report 24th of April 2024	Pair Corr

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 Correlation Correlation 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:

How To Invest In Daktronics

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Is Daktronics Stock a good investment?

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What is Daktronics' Net Worth?

Details

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Daktronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Daktronics Stock please use our How to Invest in Daktronics guide.

You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Complementary Tools for Daktronics Stock analysis

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

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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.

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Daktronics Operating Income vs Gross Profit Analysis

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Operating Income

Gross Profit

Daktronics fundamental ratios Correlations

Daktronics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Daktronics fundamental ratios Accounts

Pair Trading with Daktronics

Moving together with Daktronics Stock

Moving against Daktronics Stock

Complementary Tools for Daktronics Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Net Receivables
Net Receivables	+ 0.98	Total Assets
Accounts Payable	+ 0.98	Total Current Liabilities
Property Plant And Equipment Net	+ 0.98	Total Stockholder Equity

Cash	- 0.93	Net Debt
Cash And Short Term Investments	- 0.83	Net Debt
Short Term Debt	- 0.52	Other Current Liab
Property Plant And Equipment Gross	- 0.48	Cash And Short Term Investments
Intangible Assets	- 0.43	Property Plant And Equipment Gross
Net Debt	- 0.43	Total Stockholder Equity