Daktronics Price to Sales Ratio vs Operating Income Analysis
DAKT Stock | USD 9.11 0.03 0.33% |
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 Price To Sales Ratio and its Operating Income 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.
Price To Sales Ratio vs Operating Income
Price to Sales Ratio vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Daktronics Price to Sales Ratio account and Operating Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Daktronics' Price to Sales Ratio and Operating Income is -0.35. Overlapping area represents the amount of variation of Price to Sales Ratio that can explain the historical movement of Operating Income in the same time period over historical financial statements of Daktronics, assuming nothing else is changed. The correlation between historical values of Daktronics' Price to Sales Ratio and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price to Sales Ratio of Daktronics are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Price to Sales Ratio i.e., Daktronics' Price to Sales Ratio and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.35 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Daktronics stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Daktronics sales, a figure that is much harder to manipulate than other Daktronics multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.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.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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Daktronics in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Daktronics' short interest history, or implied volatility extrapolated from Daktronics options trading.
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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0.58 | BELFB | Bel Fuse B Financial Report 24th of April 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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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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.