Daktronics Receivables Turnover vs Long Term Debt to Equity Analysis
DAKT Stock | USD 9.11 0.03 0.33% |
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.
Daktronics |
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. Add Fundamental
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 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
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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 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.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 Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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.