Fonar Gross Profit from 2010 to 2024

FONR Stock

USD 16.44 0.01 0.06%

Fonar Gross Profit yearly trend continues to be relatively stable with very little volatility. Gross Profit is likely to drop to about 23 M. Gross Profit is the profit Fonar makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. View All Fundamentals

Gross Profit

First Reported

1988-09-30

Previous Quarter

10.6 M

Current Value

10 M

Quarterly Volatility

3.8 M

Oil Shock

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Check Fonar financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Fonar's main balance sheet or income statement drivers, such as Depreciation And Amortization of 9.4 M, Interest Expense of 73.1 K or Selling General Administrative of 18.8 M, as well as many indicators such as Price To Sales Ratio of 1.01, Dividend Yield of 0.0027 or PTB Ratio of 0.63. Fonar financial statements analysis is a perfect complement when working with Fonar Valuation or Volatility modules.

Check out the analysis of Fonar Correlation against competitors.

To learn how to invest in Fonar Stock, please use our How to Invest in Fonar guide.

Latest Fonar's Gross Profit Growth Pattern

Below is the plot of the Gross Profit of Fonar over the last few years. Gross profit is a required income statement account that reflects total revenue of Fonar minus its cost of goods sold. It is profit before Fonar operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Fonar's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Fonar's overall financial position and show how it may be relating to other accounts over time.

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Last Reported 45.75 M

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Gross Profit

Timeline

Fonar Gross Profit Regression Statistics

	Arithmetic Mean	33,884,986
	Geometric Mean	27,680,516
	Coefficient Of Variation	38.11
	Mean Deviation	10,141,243
	Median	39,565,224
	Standard Deviation	12,913,569
	Sample Variance	166.8T
	Range	45.9M
	R-Value	0.68
	Mean Square Error	96.9T
	R-Squared	0.46
	Significance	0.01
	Slope	1,959,440
	Total Sum of Squares	2334.6T

Fonar Gross Profit History

	2024	23 M
	2023	45.1 M
	2022	45.7 M
	2021	47 M
	2020	43.5 M
	2019	42.4 M
	2018	43.2 M

Other Fundumenentals of Fonar

Gross Profit Margin

Fonar Gross Profit component correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Good Will	Short Term Investments	Long Term Debt	Treasury Stock	Common Stock	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.98	-0.55	0.71	-0.14	0.99	0.74	0.99	0.61	-0.28	0.69	0.01	-0.66	0.48	-0.45	0.83	-0.15	0.98	-0.43	0.78	0.85	-0.78	0.94	0.92	-0.27
Total Stockholder Equity	0.98		-0.68	0.77	-0.25	0.98	0.62	0.98	0.52	-0.38	0.77	0.11	-0.73	0.46	-0.4	0.8	-0.22	0.97	-0.57	0.77	0.82	-0.85	0.93	0.91	-0.27
Net Debt	-0.55	-0.68		-0.54	0.49	-0.6	-0.04	-0.6	-0.09	0.54	-0.8	-0.22	0.79	-0.34	0.25	-0.47	0.12	-0.59	0.79	-0.52	-0.38	0.67	-0.58	-0.57	0.2
Retained Earnings	0.71	0.77	-0.54		-0.09	0.69	0.46	0.74	0.37	-0.73	0.67	0.1	-0.32	0.47	0.28	0.69	-0.75	0.79	-0.68	0.67	0.72	-0.59	0.8	0.79	-0.24
Accounts Payable	-0.14	-0.25	0.49	-0.09		-0.15	0.05	-0.09	-0.09	0.22	-0.28	-0.02	0.58	0.22	0.26	0.13	0.07	-0.08	0.51	0.03	0.17	0.6	-0.11	-0.11	-0.5
Net Receivables	0.99	0.98	-0.6	0.69	-0.15		0.64	0.99	0.52	-0.22	0.67	0.06	-0.68	0.54	-0.48	0.84	-0.13	0.97	-0.42	0.81	0.82	-0.8	0.91	0.89	-0.35
Total Liab	0.74	0.62	-0.04	0.46	0.05	0.64		0.7	0.84	-0.23	0.27	-0.33	-0.26	0.36	-0.27	0.64	-0.09	0.72	-0.09	0.6	0.73	-0.32	0.78	0.78	0.11
Total Current Assets	0.99	0.98	-0.6	0.74	-0.09	0.99	0.7		0.58	-0.33	0.71	0.04	-0.66	0.56	-0.41	0.87	-0.16	0.99	-0.46	0.83	0.88	-0.74	0.95	0.94	-0.34
Short Term Debt	0.61	0.52	-0.09	0.37	-0.09	0.52	0.84	0.58		-0.19	0.26	-0.32	-0.25	0.02	-0.24	0.53	-0.03	0.59	-0.1	0.29	0.58	-0.27	0.67	0.67	0.18
Intangible Assets	-0.28	-0.38	0.54	-0.73	0.22	-0.22	-0.23	-0.33	-0.19		-0.63	-0.1	0.31	-0.24	-0.47	-0.28	0.6	-0.41	0.84	-0.37	-0.44	0.28	-0.51	-0.51	-0.07
Good Will	0.69	0.77	-0.8	0.67	-0.28	0.67	0.27	0.71	0.26	-0.63		0.12	-0.79	0.28	-0.19	0.55	-0.14	0.74	-0.84	0.51	0.58	-0.67	0.68	0.64	-0.35
Short Term Investments	0.01	0.11	-0.22	0.1	-0.02	0.06	-0.33	0.04	-0.32	-0.1	0.12		-0.14	-0.1	-0.02	-0.13	-0.14	0.01	-0.15	-0.03	0.25	-0.17	0.05	0.04	0.04
Long Term Debt	-0.66	-0.73	0.79	-0.32	0.58	-0.68	-0.26	-0.66	-0.25	0.31	-0.79	-0.14		-0.2	0.64	-0.39	-0.23	-0.63	0.69	-0.46	-0.44	0.79	-0.57	-0.55	0.11
Treasury Stock	0.48	0.46	-0.34	0.47	0.22	0.54	0.36	0.56	0.02	-0.24	0.28	-0.1	-0.2		-0.04	0.68	-0.19	0.56	-0.21	0.91	0.47	-0.23	0.52	0.56	-0.47
Common Stock	-0.45	-0.4	0.25	0.28	0.26	-0.48	-0.27	-0.41	-0.24	-0.47	-0.19	-0.02	0.64	-0.04		-0.2	-0.73	-0.32	-0.11	-0.21	-0.19	0.43	-0.24	-0.23	0.05
Property Plant Equipment	0.83	0.8	-0.47	0.69	0.13	0.84	0.64	0.87	0.53	-0.28	0.55	-0.13	-0.39	0.68	-0.2		-0.21	0.87	-0.32	0.83	0.75	-0.51	0.83	0.83	-0.45
Current Deferred Revenue	-0.15	-0.22	0.12	-0.75	0.07	-0.13	-0.09	-0.16	-0.03	0.6	-0.14	-0.14	-0.23	-0.19	-0.73	-0.21		-0.24	0.38	-0.24	-0.23	0.21	-0.29	-0.3	-0.09
Net Tangible Assets	0.98	0.97	-0.59	0.79	-0.08	0.97	0.72	0.99	0.59	-0.41	0.74	0.01	-0.63	0.56	-0.32	0.87	-0.24		-0.51	0.83	0.88	-0.73	0.96	0.95	-0.34
Long Term Debt Total	-0.43	-0.57	0.79	-0.68	0.51	-0.42	-0.09	-0.46	-0.1	0.84	-0.84	-0.15	0.69	-0.21	-0.11	-0.32	0.38	-0.51		-0.4	-0.39	0.62	-0.51	-0.49	0.09
Capital Surpluse	0.78	0.77	-0.52	0.67	0.03	0.81	0.6	0.83	0.29	-0.37	0.51	-0.03	-0.46	0.91	-0.21	0.83	-0.24	0.83	-0.4		0.72	-0.52	0.81	0.83	-0.35
Deferred Long Term Liab	0.85	0.82	-0.38	0.72	0.17	0.82	0.73	0.88	0.58	-0.44	0.58	0.25	-0.44	0.47	-0.19	0.75	-0.23	0.88	-0.39	0.72		-0.51	0.91	0.9	-0.26
Short Long Term Debt	-0.78	-0.85	0.67	-0.59	0.6	-0.8	-0.32	-0.74	-0.27	0.28	-0.67	-0.17	0.79	-0.23	0.43	-0.51	0.21	-0.73	0.62	-0.52	-0.51		-0.65	-0.63	0.11
Net Invested Capital	0.94	0.93	-0.58	0.8	-0.11	0.91	0.78	0.95	0.67	-0.51	0.68	0.05	-0.57	0.52	-0.24	0.83	-0.29	0.96	-0.51	0.81	0.91	-0.65		1.0	-0.15
Net Working Capital	0.92	0.91	-0.57	0.79	-0.11	0.89	0.78	0.94	0.67	-0.51	0.64	0.04	-0.55	0.56	-0.23	0.83	-0.3	0.95	-0.49	0.83	0.9	-0.63	1.0		-0.13
Capital Stock	-0.27	-0.27	0.2	-0.24	-0.5	-0.35	0.11	-0.34	0.18	-0.07	-0.35	0.04	0.11	-0.47	0.05	-0.45	-0.09	-0.34	0.09	-0.35	-0.26	0.11	-0.15	-0.13

Click cells to compare fundamentals

About Fonar Financial Statements

Fonar shareholders use historical fundamental indicators, such as Gross Profit, to determine how well the company is positioned to perform in the future. Although Fonar investors may analyze each financial statement separately, they are all interrelated. The changes in Fonar's assets and liabilities, for example, are also reflected in the revenues and expenses on on Fonar's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

	Last Reported	Projected for Next Year
Gross Profit	45.1 M	23 M
Gross Profit Margin	0.44	0.34

Pair Trading with Fonar

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fonar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fonar will appreciate offsetting losses from the drop in the long position's value.

Moving against Fonar Stock

0.84	VMD	Viemed Healthcare	Pair Corr
0.58	DOCS	Doximity	Pair Corr
0.43	ITGR	Integer Holdings Corp	Pair Corr
0.39	FOXO	FOXO Technologies	Pair Corr
0.34	VEEV	Veeva Systems Class	Pair Corr

The ability to find closely correlated positions to Fonar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fonar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fonar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fonar to buy it.

The correlation of Fonar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fonar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fonar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Fonar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Fonar Stock Analysis

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.

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