Fonar Property Plant And Equipment Net vs Short Term Investments 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 Property Plant And Equipment Net and its Short Term Investments 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.

Property Plant And Equipment Net vs Short Term Investments

Property Plant And Equipment Net vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fonar Property Plant And Equipment Net account and Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Fonar's Property Plant And Equipment Net and Short Term Investments is -0.18. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Fonar, assuming nothing else is changed. The correlation between historical values of Fonar's Property Plant And Equipment Net and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Fonar are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Property Plant And Equipment Net i.e., Fonar's Property Plant And Equipment Net and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.18

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

Short Term Investments

Short Term Investments is an item under the current assets section of Fonar balance sheet. It contains any investments Fonar undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Fonar can easily liquidate in the marketplace.

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 06/08/2024, 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

Gross Profit Total Revenue

Fonar fundamental ratios Correlations

	Common Stock Shares Outstanding	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	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	Good Will	Short Term Investments
Common Stock Shares Outstanding		0.4	0.22	-0.44	0.1	0.37	0.3	-0.25	-0.2	-0.54	0.26	0.45	0.46	0.28	0.44	0.21	-0.81	0.3	0.79	0.39	0.22	0.36	0.34	0.38	0.1	0.05
Total Assets	0.4		0.87	-0.75	-0.3	0.98	0.96	-0.52	0.7	-0.18	0.95	0.98	-0.17	0.97	0.99	0.88	-0.18	0.73	0.15	0.72	0.93	0.99	0.56	-0.32	0.69	0.0
Short Long Term Debt Total	0.22	0.87		-0.62	-0.01	0.78	0.97	-0.16	0.61	0.1	0.93	0.86	-0.37	0.89	0.81	1.0	0.1	0.68	0.01	0.9	0.93	0.86	0.83	-0.3	0.47	-0.29
Other Current Liab	-0.44	-0.75	-0.62		0.35	-0.75	-0.69	0.54	-0.36	0.08	-0.75	-0.67	0.06	-0.77	-0.79	-0.61	0.16	-0.59	-0.31	-0.42	-0.78	-0.79	-0.33	0.15	-0.54	-0.02
Total Current Liabilities	0.1	-0.3	-0.01	0.35		-0.44	-0.18	0.62	-0.66	0.42	-0.24	-0.23	0.22	-0.3	-0.35	-0.04	-0.09	-0.13	0.2	0.12	-0.27	-0.34	0.41	0.53	-0.43	-0.35
Total Stockholder Equity	0.37	0.98	0.78	-0.75	-0.44		0.91	-0.65	0.76	-0.28	0.92	0.95	-0.18	0.95	0.98	0.8	-0.19	0.68	0.11	0.61	0.89	0.98	0.41	-0.42	0.77	0.09
Property Plant And Equipment Net	0.3	0.96	0.97	-0.69	-0.18	0.91		-0.36	0.7	-0.06	0.97	0.95	-0.33	0.96	0.92	0.97	-0.04	0.72	0.05	0.84	0.96	0.95	0.7	-0.36	0.62	-0.18
Net Debt	-0.25	-0.52	-0.16	0.54	0.62	-0.65	-0.36		-0.51	0.55	-0.5	-0.43	0.0	-0.55	-0.56	-0.18	0.24	-0.04	-0.04	-0.01	-0.42	-0.56	0.18	0.55	-0.79	-0.23
Retained Earnings	-0.2	0.7	0.61	-0.36	-0.66	0.76	0.7	-0.51		-0.17	0.72	0.65	-0.53	0.74	0.67	0.64	0.3	0.43	-0.42	0.45	0.71	0.72	0.21	-0.77	0.66	0.1
Accounts Payable	-0.54	-0.18	0.1	0.08	0.42	-0.28	-0.06	0.55	-0.17		-0.09	-0.2	-0.02	-0.09	-0.22	0.09	0.47	0.14	-0.39	-0.05	-0.05	-0.16	0.07	0.17	-0.28	-0.01
Cash	0.26	0.95	0.93	-0.75	-0.24	0.92	0.97	-0.5	0.72	-0.09		0.9	-0.34	0.98	0.91	0.93	0.02	0.61	0.02	0.78	0.97	0.96	0.65	-0.45	0.69	-0.17
Non Current Assets Total	0.45	0.98	0.86	-0.67	-0.23	0.95	0.95	-0.43	0.65	-0.2	0.9		-0.13	0.91	0.96	0.87	-0.29	0.73	0.2	0.75	0.87	0.95	0.57	-0.24	0.63	-0.06
Non Currrent Assets Other	0.46	-0.17	-0.37	0.06	0.22	-0.18	-0.33	0.0	-0.53	-0.02	-0.34	-0.13		-0.26	-0.12	-0.38	-0.64	-0.2	0.5	-0.28	-0.39	-0.19	-0.26	0.61	-0.29	0.4
Cash And Short Term Investments	0.28	0.97	0.89	-0.77	-0.3	0.95	0.96	-0.55	0.74	-0.09	0.98	0.91	-0.26		0.94	0.9	-0.02	0.66	0.02	0.73	0.95	0.98	0.57	-0.47	0.73	0.01
Net Receivables	0.44	0.99	0.81	-0.79	-0.35	0.98	0.92	-0.56	0.67	-0.22	0.91	0.96	-0.12	0.94		0.82	-0.21	0.73	0.21	0.64	0.9	0.99	0.48	-0.26	0.67	0.06
Non Current Liabilities Total	0.21	0.88	1.0	-0.61	-0.04	0.8	0.97	-0.18	0.64	0.09	0.93	0.87	-0.38	0.9	0.82		0.08	0.68	0.0	0.91	0.93	0.87	0.81	-0.32	0.49	-0.28
Inventory	-0.81	-0.18	0.1	0.16	-0.09	-0.19	-0.04	0.24	0.3	0.47	0.02	-0.29	-0.64	-0.02	-0.21	0.08		-0.1	-0.67	-0.05	0.13	-0.11	0.07	-0.38	-0.14	-0.15
Other Current Assets	0.3	0.73	0.68	-0.59	-0.13	0.68	0.72	-0.04	0.43	0.14	0.61	0.73	-0.2	0.66	0.73	0.68	-0.1		0.13	0.55	0.66	0.71	0.47	-0.04	0.36	0.21
Other Stockholder Equity	0.79	0.15	0.01	-0.31	0.2	0.11	0.05	-0.04	-0.42	-0.39	0.02	0.2	0.5	0.02	0.21	0.0	-0.67	0.13		0.12	0.0	0.11	0.21	0.6	-0.23	-0.05
Total Liab	0.39	0.72	0.9	-0.42	0.12	0.61	0.84	-0.01	0.45	-0.05	0.78	0.75	-0.28	0.73	0.64	0.91	-0.05	0.55	0.12		0.75	0.69	0.91	-0.19	0.26	-0.33
Property Plant And Equipment Gross	0.22	0.93	0.93	-0.78	-0.27	0.89	0.96	-0.42	0.71	-0.05	0.97	0.87	-0.39	0.95	0.9	0.93	0.13	0.66	0.0	0.75		0.94	0.66	-0.39	0.61	-0.18
Total Current Assets	0.36	0.99	0.86	-0.79	-0.34	0.98	0.95	-0.56	0.72	-0.16	0.96	0.95	-0.19	0.98	0.99	0.87	-0.11	0.71	0.11	0.69	0.94		0.53	-0.37	0.71	0.03
Short Term Debt	0.34	0.56	0.83	-0.33	0.41	0.41	0.7	0.18	0.21	0.07	0.65	0.57	-0.26	0.57	0.48	0.81	0.07	0.47	0.21	0.91	0.66	0.53		0.02	0.06	-0.45
Intangible Assets	0.38	-0.32	-0.3	0.15	0.53	-0.42	-0.36	0.55	-0.77	0.17	-0.45	-0.24	0.61	-0.47	-0.26	-0.32	-0.38	-0.04	0.6	-0.19	-0.39	-0.37	0.02		-0.7	-0.1
Good Will	0.1	0.69	0.47	-0.54	-0.43	0.77	0.62	-0.79	0.66	-0.28	0.69	0.63	-0.29	0.73	0.67	0.49	-0.14	0.36	-0.23	0.26	0.61	0.71	0.06	-0.7		0.11
Short Term Investments	0.05	0.0	-0.29	-0.02	-0.35	0.09	-0.18	-0.23	0.1	-0.01	-0.17	-0.06	0.4	0.01	0.06	-0.28	-0.15	0.21	-0.05	-0.33	-0.18	0.03	-0.45	-0.1	0.11

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Fonar Account Relationship Matchups

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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Fonar Property Plant And Equipment Net vs Short Term Investments Analysis

Property Plant And Equipment Net vs Short Term Investments

Property Plant And Equipment Net vs Short Term Investments Correlation Analysis

Correlation Coefficient

Property Plant And Equipment Net

Short Term Investments

Fonar fundamental ratios Correlations

Fonar Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Fonar fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Tools for Fonar Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Net Receivables	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Net Receivables
Total Stockholder Equity	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets

Inventory	- 0.81	Common Stock Shares Outstanding
Good Will	- 0.79	Net Debt
Total Current Assets	- 0.79	Other Current Liab
Net Receivables	- 0.79	Other Current Liab
Property Plant And Equipment Gross	- 0.78	Other Current Liab
Intangible Assets	- 0.77	Retained Earnings