Fonar Total Current Assets vs Property Plant Equipment Analysis

FONR Stock  USD 15.24  0.47  2.99%   
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 Total Current Assets and its Property Plant Equipment 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.

Total Current Assets vs Property Plant Equipment

Total Current Assets vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fonar Total Current Assets account and Property Plant Equipment. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Fonar's Total Current Assets and Property Plant Equipment is 0.87. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Fonar, assuming nothing else is changed. The correlation between historical values of Fonar's Total Current Assets and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Fonar are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Total Current Assets i.e., Fonar's Total Current Assets and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.87
Relationship DirectionPositive 
Relationship StrengthStrong

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Property Plant Equipment

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 05/18/2024, 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 Profit47.0M45.7M52.6M55.2M
Total Revenue97.6M98.6M113.4M119.1M

Fonar fundamental ratios Correlations

0.40.22-0.440.10.370.3-0.25-0.2-0.540.260.450.460.280.440.21-0.810.30.790.390.220.360.340.380.10.05
0.40.87-0.75-0.30.980.96-0.520.7-0.180.950.98-0.170.970.990.88-0.180.730.150.720.930.990.56-0.320.690.0
0.220.87-0.62-0.010.780.97-0.160.610.10.930.86-0.370.890.811.00.10.680.010.90.930.860.83-0.30.47-0.29
-0.44-0.75-0.620.35-0.75-0.690.54-0.360.08-0.75-0.670.06-0.77-0.79-0.610.16-0.59-0.31-0.42-0.78-0.79-0.330.15-0.54-0.02
0.1-0.3-0.010.35-0.44-0.180.62-0.660.42-0.24-0.230.22-0.3-0.35-0.04-0.09-0.130.20.12-0.27-0.340.410.53-0.43-0.35
0.370.980.78-0.75-0.440.91-0.650.76-0.280.920.95-0.180.950.980.8-0.190.680.110.610.890.980.41-0.420.770.09
0.30.960.97-0.69-0.180.91-0.360.7-0.060.970.95-0.330.960.920.97-0.040.720.050.840.960.950.7-0.360.62-0.18
-0.25-0.52-0.160.540.62-0.65-0.36-0.510.55-0.5-0.430.0-0.55-0.56-0.180.24-0.04-0.04-0.01-0.42-0.560.180.55-0.79-0.23
-0.20.70.61-0.36-0.660.760.7-0.51-0.170.720.65-0.530.740.670.640.30.43-0.420.450.710.720.21-0.770.660.1
-0.54-0.180.10.080.42-0.28-0.060.55-0.17-0.09-0.2-0.02-0.09-0.220.090.470.14-0.39-0.05-0.05-0.160.070.17-0.28-0.01
0.260.950.93-0.75-0.240.920.97-0.50.72-0.090.9-0.340.980.910.930.020.610.020.780.970.960.65-0.450.69-0.17
0.450.980.86-0.67-0.230.950.95-0.430.65-0.20.9-0.130.910.960.87-0.290.730.20.750.870.950.57-0.240.63-0.06
0.46-0.17-0.370.060.22-0.18-0.330.0-0.53-0.02-0.34-0.13-0.26-0.12-0.38-0.64-0.20.5-0.28-0.39-0.19-0.260.61-0.290.4
0.280.970.89-0.77-0.30.950.96-0.550.74-0.090.980.91-0.260.940.9-0.020.660.020.730.950.980.57-0.470.730.01
0.440.990.81-0.79-0.350.980.92-0.560.67-0.220.910.96-0.120.940.82-0.210.730.210.640.90.990.48-0.260.670.06
0.210.881.0-0.61-0.040.80.97-0.180.640.090.930.87-0.380.90.820.080.680.00.910.930.870.81-0.320.49-0.28
-0.81-0.180.10.16-0.09-0.19-0.040.240.30.470.02-0.29-0.64-0.02-0.210.08-0.1-0.67-0.050.13-0.110.07-0.38-0.14-0.15
0.30.730.68-0.59-0.130.680.72-0.040.430.140.610.73-0.20.660.730.68-0.10.130.550.660.710.47-0.040.360.21
0.790.150.01-0.310.20.110.05-0.04-0.42-0.390.020.20.50.020.210.0-0.670.130.120.00.110.210.6-0.23-0.05
0.390.720.9-0.420.120.610.84-0.010.45-0.050.780.75-0.280.730.640.91-0.050.550.120.750.690.91-0.190.26-0.33
0.220.930.93-0.78-0.270.890.96-0.420.71-0.050.970.87-0.390.950.90.930.130.660.00.750.940.66-0.390.61-0.18
0.360.990.86-0.79-0.340.980.95-0.560.72-0.160.960.95-0.190.980.990.87-0.110.710.110.690.940.53-0.370.710.03
0.340.560.83-0.330.410.410.70.180.210.070.650.57-0.260.570.480.810.070.470.210.910.660.530.020.06-0.45
0.38-0.32-0.30.150.53-0.42-0.360.55-0.770.17-0.45-0.240.61-0.47-0.26-0.32-0.38-0.040.6-0.19-0.39-0.370.02-0.7-0.1
0.10.690.47-0.54-0.430.770.62-0.790.66-0.280.690.63-0.290.730.670.49-0.140.36-0.230.260.610.710.06-0.70.11
0.050.0-0.29-0.02-0.350.09-0.18-0.230.1-0.01-0.17-0.060.40.010.06-0.28-0.150.21-0.05-0.33-0.180.03-0.45-0.10.11
Click cells to compare fundamentals

Fonar Account Relationship Matchups

Fonar fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding6.7M6.7M6.8M6.8M7.8M4.1M
Total Assets180.3M189.5M199.3M200.6M230.7M242.2M
Short Long Term Debt Total35.8M34.7M38.2M37.0M42.6M44.7M
Other Current Liab8.2M9.2M6.4M5.4M4.9M4.7M
Total Current Liabilities18.7M20.0M16.7M15.6M14.1M17.5M
Total Stockholder Equity126.2M138.4M150.3M157.9M181.6M190.7M
Property Plant And Equipment Net54.1M53.1M57.4M55.9M64.3M67.6M
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 Payable2.0M1.9M1.6M1.6M1.4M2.8M
Cash36.8M44.5M48.7M51.3M59.0M61.9M
Non Current Assets Total84.4M80.9M80.7M74.9M86.2M90.5M
Non Currrent Assets Other653.1K666.5K526.3K523.5K471.2K447.6K
Cash And Short Term Investments36.8M44.5M48.8M51.3M59.0M62.0M
Net Receivables55.6M61.2M66.5M70.2M80.7M84.7M
Liabilities And Stockholders Equity180.3M189.5M199.3M200.6M230.7M242.2M
Non Current Liabilities Total35.4M34.1M36.4M34.1M39.2M41.2M
Inventory1.6M1.7M2.4M2.6M2.3M2.9M
Other Current Assets1.8M1.2M1.1M1.6M1.4M1.9M
Other Stockholder Equity182.4M184.4M183.9M182.1M209.4M140.9M
Total Liab54.0M54.1M53.1M49.8M57.2M33.7M
Property Plant And Equipment Gross54.1M53.1M93.2M95.5M109.8M115.3M
Total Current Assets95.9M108.6M118.7M125.7M144.5M151.7M
Short Term Debt3.6M3.9M4.1M4.2M3.8M2.7M
Intangible Assets4.1M4.0M3.7M3.4M3.9M3.7M
Short Term Investments31.9K32.2K32.3K32.8K29.5K28.0K
Other Liab3.1M3.3M2.3M1.3M1.2M1.4M
Other Assets22.2M19.5M15.2M11.3M13.0M10.0M
Long Term Debt865.4K760.3K155.4K115.1K103.6K98.4K
Property Plant Equipment21.4M53.1M22.3M55.9M64.3M67.6M
Current Deferred Revenue5.0M5.1M4.7M4.4M5.1M5.9M
Net Tangible Assets118.1M130.1M142.3M150.2M172.7M181.4M
Retained Earnings Total Equity(79.8M)(64.5M)(56.2M)(33.6M)(38.6M)(40.5M)

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When determining whether Fonar is a strong investment it is important to analyze Fonar's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fonar's future performance. For an informed investment choice regarding Fonar Stock, refer to the following important reports:
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.
You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

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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
1.84
Revenue Per Share
15.306
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.