Daktronics Operating Income vs Extraordinary Items Analysis

DAKT Stock

USD 15.40 0.38 2.53%

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 Operating Income and its Extraordinary Items 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 closely tied 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.

Operating Income vs Extraordinary Items

Operating Income vs Extraordinary Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Daktronics Operating Income account and Extraordinary Items. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Daktronics' Operating Income and Extraordinary Items is 0.85. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Extraordinary Items in the same time period over historical financial statements of Daktronics, assuming nothing else is changed. The correlation between historical values of Daktronics' Operating Income and Extraordinary Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Daktronics are associated (or correlated) with its Extraordinary Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Extraordinary Items has no effect on the direction of Operating Income i.e., Daktronics' Operating Income and Extraordinary Items go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

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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.

Extraordinary Items

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 closely tied 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. Sales General And Administrative To Revenue is likely to gain to 0.05 in 2024, whereas Selling General Administrative is likely to drop slightly above 25.3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	116.7M	151.4M	222.4M	233.6M
Total Revenue	611.0M	754.2M	818.1M	859.0M

Gross Profit Total Revenue

Daktronics fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.55	0.67	0.95	0.73	0.72	-0.24	0.63	0.72	0.66	0.77	0.51	0.54	0.98	0.84	0.79	0.9	0.6	0.71	0.96	0.79	0.99	-0.03	-0.12	0.92	0.71
Short Long Term Debt Total	0.55		0.08	0.44	0.04	-0.01	0.28	0.09	0.01	0.59	0.09	0.83	0.32	0.56	0.12	0.86	0.61	0.3	0.03	0.63	0.72	0.59	0.23	-0.43	0.48	0.05
Other Current Liab	0.67	0.08		0.64	0.77	0.73	-0.36	0.71	0.72	0.36	0.77	0.22	0.33	0.68	0.71	0.4	0.53	0.38	0.62	0.6	0.44	0.65	-0.53	-0.03	0.54	0.65
Total Current Liabilities	0.95	0.44	0.64		0.66	0.67	-0.14	0.5	0.83	0.48	0.81	0.36	0.3	0.94	0.79	0.72	0.95	0.63	0.72	0.96	0.84	0.93	-0.06	-0.21	0.89	0.76
Total Stockholder Equity	0.73	0.04	0.77	0.66		0.97	-0.48	0.92	0.78	0.42	0.84	0.08	0.6	0.71	0.94	0.26	0.47	0.42	0.85	0.55	0.28	0.71	-0.01	0.27	0.63	0.79
Property Plant And Equipment Net	0.72	-0.01	0.73	0.67	0.97		-0.38	0.88	0.79	0.31	0.85	-0.01	0.5	0.71	0.95	0.24	0.49	0.49	0.83	0.55	0.28	0.7	0.03	0.36	0.63	0.77
Net Debt	-0.24	0.28	-0.36	-0.14	-0.48	-0.38		-0.44	-0.14	-0.61	-0.28	0.01	-0.68	-0.15	-0.47	0.04	0.1	0.03	-0.37	-0.08	0.27	-0.23	0.28	-0.13	-0.28	-0.33
Retained Earnings	0.63	0.09	0.71	0.5	0.92	0.88	-0.44		0.59	0.44	0.61	0.22	0.69	0.65	0.81	0.19	0.31	0.39	0.58	0.42	0.2	0.65	-0.04	0.22	0.42	0.49
Accounts Payable	0.72	0.01	0.72	0.83	0.78	0.79	-0.14	0.59		0.12	0.88	-0.02	0.13	0.73	0.79	0.33	0.72	0.45	0.83	0.7	0.57	0.69	-0.13	0.03	0.68	0.86
Cash	0.66	0.59	0.36	0.48	0.42	0.31	-0.61	0.44	0.12		0.31	0.68	0.84	0.59	0.49	0.68	0.42	0.23	0.33	0.59	0.37	0.68	-0.05	-0.25	0.63	0.31
Non Current Assets Total	0.77	0.09	0.77	0.81	0.84	0.85	-0.28	0.61	0.88	0.31		-0.02	0.25	0.72	0.89	0.44	0.71	0.52	0.92	0.72	0.49	0.71	-0.04	0.17	0.79	0.95
Non Currrent Assets Other	0.51	0.83	0.22	0.36	0.08	-0.01	0.01	0.22	-0.02	0.68	-0.02		0.48	0.56	0.1	0.76	0.45	0.03	-0.07	0.54	0.6	0.57	-0.15	-0.43	0.37	-0.07
Cash And Short Term Investments	0.54	0.32	0.33	0.3	0.6	0.5	-0.68	0.69	0.13	0.84	0.25	0.48		0.5	0.59	0.35	0.16	0.16	0.37	0.34	0.05	0.58	0.05	0.12	0.48	0.26
Net Receivables	0.98	0.56	0.68	0.94	0.71	0.71	-0.15	0.65	0.73	0.59	0.72	0.56	0.5		0.8	0.78	0.9	0.56	0.64	0.95	0.82	0.99	-0.1	-0.14	0.86	0.64
Common Stock Shares Outstanding	0.84	0.12	0.71	0.79	0.94	0.95	-0.47	0.81	0.79	0.49	0.89	0.1	0.59	0.8		0.41	0.62	0.54	0.89	0.7	0.39	0.81	0.05	0.26	0.81	0.84
Non Current Liabilities Total	0.79	0.86	0.4	0.72	0.26	0.24	0.04	0.19	0.33	0.68	0.44	0.76	0.35	0.78	0.41		0.83	0.34	0.36	0.88	0.84	0.8	-0.06	-0.36	0.79	0.41
Inventory	0.9	0.61	0.53	0.95	0.47	0.49	0.1	0.31	0.72	0.42	0.71	0.45	0.16	0.9	0.62	0.83		0.57	0.61	0.98	0.94	0.88	-0.02	-0.28	0.86	0.66
Other Current Assets	0.6	0.3	0.38	0.63	0.42	0.49	0.03	0.39	0.45	0.23	0.52	0.03	0.16	0.56	0.54	0.34	0.57		0.33	0.57	0.51	0.57	0.24	-0.19	0.48	0.35
Other Stockholder Equity	0.71	0.03	0.62	0.72	0.85	0.83	-0.37	0.58	0.83	0.33	0.92	-0.07	0.37	0.64	0.89	0.36	0.61	0.33		0.64	0.35	0.66	0.08	0.29	0.8	0.98
Total Liab	0.96	0.63	0.6	0.96	0.55	0.55	-0.08	0.42	0.7	0.59	0.72	0.54	0.34	0.95	0.7	0.88	0.98	0.57	0.64		0.9	0.95	-0.06	-0.28	0.92	0.68
Property Plant And Equipment Gross	0.79	0.72	0.44	0.84	0.28	0.28	0.27	0.2	0.57	0.37	0.49	0.6	0.05	0.82	0.39	0.84	0.94	0.51	0.35	0.9		0.79	-0.08	-0.47	0.69	0.42
Total Current Assets	0.99	0.59	0.65	0.93	0.71	0.7	-0.23	0.65	0.69	0.68	0.71	0.57	0.58	0.99	0.81	0.8	0.88	0.57	0.66	0.95	0.79		-0.04	-0.16	0.89	0.66
Short Term Debt	-0.03	0.23	-0.53	-0.06	-0.01	0.03	0.28	-0.04	-0.13	-0.05	-0.04	-0.15	0.05	-0.1	0.05	-0.06	-0.02	0.24	0.08	-0.06	-0.08	-0.04		0.18	0.03	0.01
Intangible Assets	-0.12	-0.43	-0.03	-0.21	0.27	0.36	-0.13	0.22	0.03	-0.25	0.17	-0.43	0.12	-0.14	0.26	-0.36	-0.28	-0.19	0.29	-0.28	-0.47	-0.16	0.18		0.0	0.19
Common Stock Total Equity	0.92	0.48	0.54	0.89	0.63	0.63	-0.28	0.42	0.68	0.63	0.79	0.37	0.48	0.86	0.81	0.79	0.86	0.48	0.8	0.92	0.69	0.89	0.03	0.0		0.81
Common Stock	0.71	0.05	0.65	0.76	0.79	0.77	-0.33	0.49	0.86	0.31	0.95	-0.07	0.26	0.64	0.84	0.41	0.66	0.35	0.98	0.68	0.42	0.66	0.01	0.19	0.81

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Daktronics Account Relationship Matchups

Daktronics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	372.7M	375.2M	440.9M	468.1M	527.9M	554.3M
Short Long Term Debt Total	2.4M	1.9M	2.3M	17.8M	56.6M	59.5M
Other Current Liab	44.8M	39.3M	44.3M	46.0M	57.6M	29.5M
Total Current Liabilities	146.0M	146.6M	213.7M	210.2M	192.3M	201.9M
Total Stockholder Equity	177.0M	193.6M	191.6M	200.9M	238.8M	144.3M
Property Plant And Equipment Net	67.5M	58.7M	66.8M	72.1M	71.8M	53.0M
Net Debt	(38.0M)	(75.7M)	(14.8M)	(6.2M)	(24.7M)	(23.4M)
Retained Earnings	85.1M	96.0M	96.6M	103.4M	138.0M	92.5M
Accounts Payable	47.8M	40.3M	76.3M	67.5M	60.8M	33.3M
Cash	40.4M	77.6M	17.1M	24.0M	81.3M	85.4M
Non Current Assets Total	120.6M	110.2M	123.3M	125.4M	125.9M	77.4M
Non Currrent Assets Other	1.1M	1.6M	1.5M	4.1M	21.9M	23.0M
Cash And Short Term Investments	41.6M	77.6M	21.2M	24.5M	81.3M	85.4M
Net Receivables	112.1M	102.8M	146.2M	158.3M	173.7M	182.4M
Common Stock Shares Outstanding	45.3M	45.2M	45.3M	45.5M	46.5M	43.7M
Liabilities And Stockholders Equity	372.7M	375.2M	440.9M	468.1M	527.9M	554.3M
Non Current Liabilities Total	49.7M	35.0M	35.6M	57.1M	96.8M	101.6M
Inventory	86.8M	74.4M	134.4M	149.4M	138.0M	144.9M
Other Current Assets	9.6M	10.3M	15.8M	10.4M	8.9M	13.7M
Other Stockholder Equity	37.2M	39.3M	38.1M	40.0M	41.8M	26.1M
Total Liab	195.7M	181.6M	249.3M	267.2M	289.1M	303.5M
Property Plant And Equipment Gross	78.6M	58.7M	252.3M	265.5M	276.3M	290.1M
Total Current Assets	252.0M	265.0M	317.6M	342.7M	401.9M	422.0M
Accumulated Other Comprehensive Income	(5.3M)	(2.3M)	(4.9M)	(5.5M)	(6.5M)	(6.9M)
Short Term Debt	2.4M	1.9M	2.3M	2.3M	3.5M	6.4M
Intangible Assets	3.4M	2.1M	1.5M	1.1M	840K	798K
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	65.5M	38.2M
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	3.2M	4.9M
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	65.5M	34.6M
Short Term Investments	26.3M	1.2M	27.4M	4.0M	534K	0.0
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

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