Daktronics Quick Ratio vs Long Term Debt to Equity Analysis

DAKT Stock  USD 9.83  0.26  2.72%   
Trend analysis of Daktronics balance sheet accounts such as Other Current Liabilities of 28.5 M or Total Current Liabilities of 253.8 M provides information on Daktronics' total assets, liabilities, and equity, which is the actual value of Daktronics to its prevalent stockholders. By breaking down trends over time using Daktronics balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
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.

About Daktronics Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Daktronics at a specified time, usually calculated after every quarter, six months, or one year. Daktronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Daktronics and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Daktronics currently owns. An asset can also be divided into two categories, current and non-current.

Daktronics Balance Sheet Chart

Daktronics Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Daktronics uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Daktronics' Non Current Liabilities Total is comparatively stable compared to the past year. Inventory is likely to gain to about 180.5 M in 2024, whereas Property Plant And Equipment Net is likely to drop slightly above 52.2 M in 2024.

Total Assets

Total assets refers to the total amount of Daktronics assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Daktronics books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Daktronics balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Daktronics are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
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
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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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 Transaction History module to view history of all your transactions and understand their impact on performance.

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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.