Daktronics Quick Ratio vs Accounts Payable Analysis

DAKT Stock  USD 9.83  0.26  2.72%   
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 Quick 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.

Quick Ratio vs Accounts Payable

Quick Ratio vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Daktronics Quick Ratio account and Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Daktronics' Quick Ratio and Accounts Payable is -0.48. Overlapping area represents the amount of variation of Quick 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' Quick 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 Quick 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 Quick Ratio i.e., Daktronics' Quick Ratio and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.48
Relationship DirectionNegative 
Relationship StrengthVery Weak

Quick Ratio

A measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities.

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 Multiple is likely to gain to 12.39 in 2024, whereas Selling General Administrative is likely to drop slightly above 24.6 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit116.7M151.4M174.1M98.7M
Total Revenue611.0M754.2M867.3M910.7M

Daktronics fundamental ratios Correlations

0.330.650.970.70.74-0.040.580.950.230.770.00.10.980.860.850.90.630.540.960.81.0-0.09-0.080.920.7
0.33-0.150.4-0.050.050.65-0.070.3-0.340.12-0.24-0.410.340.110.470.520.470.370.420.550.330.55-0.310.240.05
0.65-0.150.590.760.77-0.270.670.60.30.80.090.190.660.760.480.480.410.540.570.420.64-0.52-0.020.530.68
0.970.40.590.550.60.110.40.980.080.72-0.04-0.120.960.750.890.970.630.430.990.910.96-0.12-0.240.90.66
0.7-0.050.760.550.98-0.430.910.580.530.830.040.590.660.940.330.390.440.750.510.240.710.010.30.620.78
0.740.050.770.60.98-0.290.880.640.410.87-0.030.470.710.950.420.470.510.780.570.320.740.030.320.660.8
-0.040.65-0.270.11-0.43-0.29-0.420.12-0.93-0.18-0.18-0.830.06-0.30.210.310.21-0.10.140.46-0.050.22-0.22-0.11-0.24
0.58-0.070.670.40.910.88-0.420.440.510.570.280.680.580.790.120.220.450.670.340.120.61-0.030.290.380.46
0.950.30.60.980.580.640.120.440.020.71-0.02-0.090.960.760.830.940.610.410.960.880.95-0.15-0.170.880.66
0.23-0.340.30.080.530.41-0.930.510.020.310.130.830.120.460.0-0.11-0.040.290.06-0.280.24-0.050.110.280.35
0.770.120.80.720.830.87-0.180.570.710.31-0.260.140.710.910.630.640.50.720.710.50.73-0.030.140.790.95
0.0-0.240.09-0.040.04-0.03-0.180.28-0.020.13-0.260.20.1-0.06-0.15-0.11-0.34-0.42-0.06-0.020.07-0.38-0.17-0.23-0.32
0.1-0.410.19-0.120.590.47-0.830.68-0.090.830.140.20.040.41-0.29-0.32-0.050.32-0.16-0.480.130.090.420.090.19
0.980.340.660.960.660.710.060.580.960.120.710.10.040.810.830.910.620.480.950.840.99-0.16-0.110.860.62
0.860.110.760.750.940.95-0.30.790.760.460.91-0.060.410.810.590.630.540.740.730.460.860.020.210.830.86
0.850.470.480.890.330.420.210.120.830.00.63-0.15-0.290.830.590.940.440.290.940.850.82-0.16-0.240.870.6
0.90.520.480.970.390.470.310.220.94-0.110.64-0.11-0.320.910.630.940.590.350.980.960.89-0.09-0.290.850.59
0.630.470.410.630.440.510.210.450.61-0.040.5-0.34-0.050.620.540.440.590.760.60.560.620.22-0.170.490.33
0.540.370.540.430.750.78-0.10.670.410.290.72-0.420.320.480.740.290.350.760.410.240.520.360.190.470.61
0.960.420.570.990.510.570.140.340.960.060.71-0.06-0.160.950.730.940.980.60.410.910.94-0.13-0.250.910.66
0.80.550.420.910.240.320.460.120.88-0.280.5-0.02-0.480.840.460.850.960.560.240.910.79-0.15-0.430.690.42
1.00.330.640.960.710.74-0.050.610.950.240.730.070.130.990.860.820.890.620.520.940.79-0.1-0.110.90.67
-0.090.55-0.52-0.120.010.030.22-0.03-0.15-0.05-0.03-0.380.09-0.160.02-0.16-0.090.220.36-0.13-0.15-0.10.22-0.020.01
-0.08-0.31-0.02-0.240.30.32-0.220.29-0.170.110.14-0.170.42-0.110.21-0.24-0.29-0.170.19-0.25-0.43-0.110.220.050.17
0.920.240.530.90.620.66-0.110.380.880.280.79-0.230.090.860.830.870.850.490.470.910.690.9-0.020.050.8
0.70.050.680.660.780.8-0.240.460.660.350.95-0.320.190.620.860.60.590.330.610.660.420.670.010.170.8
Click cells to compare fundamentals

Daktronics Account Relationship Matchups

Daktronics fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets372.7M375.2M440.9M468.1M538.3M565.2M
Short Long Term Debt Total2.4M1.9M2.3M17.8M16.0M16.8M
Other Current Liab44.8M40.0M44.7M48.8M56.2M28.5M
Total Current Liabilities146.0M146.6M213.7M210.2M241.7M253.8M
Total Stockholder Equity177.0M193.6M191.6M200.9M231.0M140.5M
Property Plant And Equipment Net67.5M58.7M66.8M72.1M83.0M52.2M
Net Debt(38.0M)(75.7M)(14.8M)(6.2M)(5.6M)(5.9M)
Retained Earnings85.1M96.0M96.6M103.4M118.9M90.6M
Accounts Payable47.8M40.3M76.3M67.5M77.7M81.5M
Cash40.4M77.6M17.1M24.0M27.6M25.1M
Non Current Assets Total120.6M110.2M123.3M125.4M144.3M75.4M
Non Currrent Assets Other1.1M1.6M1.5M4.1M3.7M5.0M
Cash And Short Term Investments41.6M77.6M21.2M24.5M28.2M32.5M
Net Receivables112.1M102.8M146.2M158.3M182.1M191.2M
Common Stock Shares Outstanding45.3M45.2M45.3M45.5M52.3M43.5M
Liabilities And Stockholders Equity372.7M375.2M440.9M468.1M538.3M565.2M
Non Current Liabilities Total49.7M35.0M35.6M57.1M65.6M68.9M
Inventory86.8M74.4M134.4M149.4M171.9M180.5M
Other Current Assets9.6M7.4M15.0M9.7M11.1M13.6M
Other Stockholder Equity37.2M39.3M38.1M40.0M46.0M28.6M
Total Liab195.7M181.6M249.3M267.2M307.3M322.7M
Property Plant And Equipment Gross78.6M58.7M252.3M265.5M305.3M320.6M
Total Current Assets252.0M265.0M317.6M342.7M394.1M413.8M
Accumulated Other Comprehensive Income(5.3M)(2.3M)(4.9M)(5.5M)(6.4M)(6.7M)
Short Term Debt2.4M1.9M2.3M2.3M2.6M2.5M
Intangible Assets3.4M2.1M1.5M1.1M1.3M1.2M
Common Stock Total Equity54.7M57.7M60.0M60.6M69.7M73.1M
Common Stock60.0M60.6M61.8M63.0M72.5M36.9M
Other Liab43.6M30.5M35.6M39.3M45.2M47.5M
Other Assets14.4M13.6M14.8M21.0M24.1M25.4M
Good Will7.7M8.4M7.9M3.2M3.7M5.0M
Property Plant Equipment67.5M58.7M66.8M72.1M83.0M65.1M
Current Deferred Revenue50.9M64.5M90.4M91.5M105.3M110.5M
Short Term Investments1.2M27.4M4.0M534K614.1K583.4K
Net Tangible Assets169.2M183.1M182.2M196.5M176.9M150.7M
Deferred Long Term Liab8.1M533K452K3.9M3.5M3.7M

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 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 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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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.