Fonar Operating Income vs Ebit Analysis
FONR Stock | USD 15.67 0.12 0.77% |
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 Operating Income and its Ebit 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 closely tied 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.
Operating Income vs Ebit
Operating Income vs Ebit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fonar Operating Income account and Ebit. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Fonar's Operating Income and Ebit is 0.97. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Ebit in the same time period over historical financial statements of Fonar, assuming nothing else is changed. The correlation between historical values of Fonar's Operating Income and Ebit 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 Fonar are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Operating Income i.e., Fonar's Operating Income and Ebit go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Operating Income
Operating Income is the amount of profit realized from Fonar 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 Fonar 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.Ebit
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 closely tied 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 06/09/2024, 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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When running Fonar's price analysis, check to measure Fonar's 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 Fonar is operating at the current time. Most of Fonar's value examination focuses on studying past and present price action to predict the probability of Fonar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fonar's price. Additionally, you may evaluate how the addition of Fonar to your portfolios can decrease your overall portfolio volatility.