Daktronics Inc

NASDAQ DAKT

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Daktronics Inc Accounts Payable Turnover Ratio 2 year CAGR for the year ending May 31, 2023: -3.42%

Daktronics Inc Accounts Payable Turnover Ratio 2 year CAGR is -3.42% for the year ending May 31, 2023, a 83.46% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Daktronics Inc Accounts Payable Turnover Ratio for the year ending May 31, 2022 was 8.01, a -33.15% change year over year.
Daktronics Inc Accounts Payable Turnover Ratio for the year ending May 31, 2021 was 11.98, a -5.93% change year over year.
Daktronics Inc Accounts Payable Turnover Ratio for the year ending May 31, 2020 was 12.73, a 0.27% change year over year.
Daktronics Inc Accounts Payable Turnover Ratio for the year ending May 31, 2019 was 12.70, a 1.57% change year over year.

NASDAQ: DAKT

Daktronics Inc

CEO	Mr. Reece A. Kurtenbach
IPO Date	Feb. 10, 1994
Location	United States
Headquarters	201 Daktronics Drive, Brookings, SD, United States, 57006
Employees	2,441
Sector	Technology
Industry	Electronic components

Description

Daktronics, Inc. designs, manufactures, and markets electronic display systems and related products for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments. The company also offers video display and walls; scoreboards and timing systems; message displays; intelligent transportation systems dynamic message signs; mass transit display; sound systems; and digital billboards, street furniture, and digit and price displays. In addition, it provides indoor dynamic messaging systems and liquid crystal display signs; and software and controllers, which includes Venus, a control suite software to control the creation of messages and graphic sequences for uploading to displays. The company sells its products through direct sales and resellers. Daktronics, Inc. was founded in 1968 and is headquartered in Brookings, South Dakota.

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