Daktronics Payout Ratio vs Accounts Payable Analysis
DAKT Stock | USD 9.29 0.18 1.98% |
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 Payout Ratio and its Accounts Payable 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.
Payout Ratio vs Accounts Payable
Payout Ratio vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Daktronics Payout Ratio account and Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Daktronics' Payout Ratio and Accounts Payable is -0.11. Overlapping area represents the amount of variation of Payout Ratio that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Daktronics, assuming nothing else is changed. The correlation between historical values of Daktronics' Payout Ratio and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payout Ratio of Daktronics are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Payout Ratio i.e., Daktronics' Payout Ratio and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.11 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Payout Ratio
Payout Ratio is the proportion of Daktronics earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Daktronics dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Daktronics is paying out more in dividends than it makes in net income.Accounts Payable
An accounting item on the balance sheet that represents Daktronics obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Daktronics are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.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 |
Daktronics fundamental ratios Correlations
Click cells to compare fundamentals
Daktronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
0.76 | CDW | CDW Corp Earnings Call This Week | PairCorr |
Moving against Daktronics Stock
0.84 | AAPL | Apple Inc Report 2nd of May 2024 | PairCorr |
0.83 | COMM | CommScope Holding Financial Report 2nd of May 2024 | PairCorr |
0.81 | ADTN | ADTRAN Inc Financial Report 13th of May 2024 | PairCorr |
0.8 | CMTL | Comtech Telecommunicatio Financial Report 13th of June 2024 | PairCorr |
0.75 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
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.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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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.
ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
Stocks Directory Find actively traded stocks across global markets | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
FinTech Suite Use AI to screen and filter profitable investment opportunities |
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.