Fonar Good Will vs Property Plant And Equipment Net Analysis
FONR Stock | USD 15.59 0.03 0.19% |
Fonar financial indicator trend analysis is much more than just examining Fonar latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fonar is a good investment. Please check the relationship between Fonar Good Will and its Property Plant And Equipment Net accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fonar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Fonar Stock, please use our How to Invest in Fonar guide.
Good Will vs Property Plant And Equipment Net
Good Will vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fonar Good Will account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong relationship.
The correlation between Fonar's Good Will and Property Plant And Equipment Net is 0.62. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Fonar, assuming nothing else is changed. The correlation between historical values of Fonar's Good Will and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Fonar are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Good Will i.e., Fonar's Good Will and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.62 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Most indicators from Fonar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fonar 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 Fonar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Fonar Stock, please use our How to Invest in Fonar guide.At this time, Fonar's Tax Provision is relatively stable compared to the past year. As of 06/01/2024, Sales General And Administrative To Revenue is likely to grow to 0.44, while Selling General Administrative is likely to drop slightly above 18.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 47.0M | 45.7M | 52.6M | 55.2M | Total Revenue | 97.6M | 98.6M | 113.4M | 119.1M |
Fonar fundamental ratios Correlations
Click cells to compare fundamentals
Fonar Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fonar fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 6.7M | 6.7M | 6.8M | 6.8M | 7.8M | 4.1M | |
Total Assets | 180.3M | 189.5M | 199.3M | 200.6M | 230.7M | 242.2M | |
Short Long Term Debt Total | 35.8M | 34.7M | 38.2M | 37.0M | 42.6M | 44.7M | |
Other Current Liab | 8.2M | 9.2M | 6.4M | 5.4M | 4.9M | 4.7M | |
Total Current Liabilities | 18.7M | 20.0M | 16.7M | 15.6M | 14.1M | 17.5M | |
Total Stockholder Equity | 126.2M | 138.4M | 150.3M | 157.9M | 181.6M | 190.7M | |
Property Plant And Equipment Net | 54.1M | 53.1M | 57.4M | 55.9M | 64.3M | 67.6M | |
Net Debt | (1.0M) | (9.8M) | (10.5M) | (14.3M) | (12.8M) | (12.2M) | |
Retained Earnings | (56.2M) | (46.0M) | (33.6M) | (24.2M) | (21.8M) | (22.9M) | |
Accounts Payable | 2.0M | 1.9M | 1.6M | 1.6M | 1.4M | 2.8M | |
Cash | 36.8M | 44.5M | 48.7M | 51.3M | 59.0M | 61.9M | |
Non Current Assets Total | 84.4M | 80.9M | 80.7M | 74.9M | 86.2M | 90.5M | |
Non Currrent Assets Other | 653.1K | 666.5K | 526.3K | 523.5K | 471.2K | 447.6K | |
Cash And Short Term Investments | 36.8M | 44.5M | 48.8M | 51.3M | 59.0M | 62.0M | |
Net Receivables | 55.6M | 61.2M | 66.5M | 70.2M | 80.7M | 84.7M | |
Liabilities And Stockholders Equity | 180.3M | 189.5M | 199.3M | 200.6M | 230.7M | 242.2M | |
Non Current Liabilities Total | 35.4M | 34.1M | 36.4M | 34.1M | 39.2M | 41.2M | |
Inventory | 1.6M | 1.7M | 2.4M | 2.6M | 2.3M | 2.9M | |
Other Current Assets | 1.8M | 1.2M | 1.1M | 1.6M | 1.4M | 1.9M | |
Other Stockholder Equity | 182.4M | 184.4M | 183.9M | 182.1M | 209.4M | 140.9M | |
Total Liab | 54.0M | 54.1M | 53.1M | 49.8M | 57.2M | 33.7M | |
Property Plant And Equipment Gross | 54.1M | 53.1M | 93.2M | 95.5M | 109.8M | 115.3M | |
Total Current Assets | 95.9M | 108.6M | 118.7M | 125.7M | 144.5M | 151.7M | |
Short Term Debt | 3.6M | 3.9M | 4.1M | 4.2M | 3.8M | 2.7M | |
Intangible Assets | 4.1M | 4.0M | 3.7M | 3.4M | 3.9M | 3.7M | |
Short Term Investments | 31.9K | 32.2K | 32.3K | 32.8K | 29.5K | 28.0K | |
Other Liab | 3.1M | 3.3M | 2.3M | 1.3M | 1.2M | 1.4M | |
Other Assets | 22.2M | 19.5M | 15.2M | 11.3M | 13.0M | 10.0M | |
Long Term Debt | 865.4K | 760.3K | 155.4K | 115.1K | 103.6K | 98.4K | |
Property Plant Equipment | 21.4M | 53.1M | 22.3M | 55.9M | 64.3M | 67.6M | |
Current Deferred Revenue | 5.0M | 5.1M | 4.7M | 4.4M | 5.1M | 5.9M | |
Net Tangible Assets | 118.1M | 130.1M | 142.3M | 150.2M | 172.7M | 181.4M | |
Retained Earnings Total Equity | (79.8M) | (64.5M) | (56.2M) | (33.6M) | (38.6M) | (40.5M) |
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Is Fonar's 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 Fonar. If investors know Fonar 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 Fonar 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 (0.49) | Earnings Share 1.56 | Revenue Per Share 15.91 | Quarterly Revenue Growth 0.012 | Return On Assets 0.0541 |
The market value of Fonar is measured differently than its book value, which is the value of Fonar that is recorded on the company's balance sheet. Investors also form their own opinion of Fonar's value that differs from its market value or its book value, called intrinsic value, which is Fonar's 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 Fonar's market value can be influenced by many factors that don't directly affect Fonar's 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 Fonar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fonar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fonar's 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.