Fonar Historical Financial Ratios
| FONR Stock | USD 16.39 0.06 0.36% |
Fonar is recently reporting on over 108 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 0.63 or Days Sales Outstanding of 144 will help investors to properly organize and evaluate Fonar financial condition quickly.
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About Fonar Financial Ratios Analysis
FonarFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Fonar investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Fonar financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Fonar history.
Fonar Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Fonar stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Fonar sales, a figure that is much harder to manipulate than other Fonar multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Fonar dividend as a percentage of Fonar stock price. Fonar dividend yield is a measure of Fonar stock productivity, which can be interpreted as interest rate earned on an Fonar investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Revenue Per Share
The amount of revenue generated by a company per share of stock, calculated by dividing total revenue by the average number of shares outstanding.Most ratios from Fonar's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Fonar current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 Sales General And Administrative To Revenue is relatively stable compared to the past year. As of 11/28/2024, Average Inventory is likely to grow to about 4 M, while Dividend Yield is likely to drop 0.
| 2023 | 2024 (projected) | Dividend Yield | 0.002837 | 0.002696 | Price To Sales Ratio | 1.06 | 1.01 |
Fonar fundamentals Correlations
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Fonar Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fonar fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 1.63 | 1.3 | 1.04 | 1.15 | 1.06 | 1.01 | |
| Ptb Ratio | 1.11 | 0.84 | 0.67 | 0.72 | 0.66 | 0.63 | |
| Days Sales Outstanding | 237.04 | 248.39 | 248.59 | 259.64 | 283.27 | 143.85 | |
| Book Value Per Share | 19.27 | 20.47 | 21.96 | 22.7 | 23.16 | 24.32 | |
| Operating Cash Flow Per Share | 3.01 | 3.11 | 2.89 | 2.3 | 2.08 | 1.94 | |
| Stock Based Compensation To Revenue | 0.024 | 0.0228 | 0.0232 | 9.26E-4 | 8.33E-4 | 7.92E-4 | |
| Capex To Depreciation | 1.55 | 0.87 | 0.54 | 0.49 | 0.0924 | 0.0878 | |
| Pb Ratio | 1.11 | 0.84 | 0.67 | 0.72 | 0.66 | 0.63 | |
| Ev To Sales | 1.43 | 1.62 | 1.19 | 1.01 | 0.92 | 0.87 | |
| Free Cash Flow Per Share | 1.95 | 2.16 | 1.6 | 1.52 | 1.96 | 2.06 | |
| Roic | 0.0558 | 0.0925 | 0.11 | 0.0702 | 0.0729 | 0.0692 | |
| Inventory Turnover | 26.26 | 27.93 | 21.43 | 20.59 | 21.27 | 22.33 | |
| Net Income Per Share | 1.79 | 2.07 | 2.59 | 1.41 | 1.56 | 1.64 | |
| Days Of Inventory On Hand | 13.9 | 13.07 | 17.03 | 17.73 | 17.16 | 16.31 | |
| Payables Turnover | 22.03 | 24.9 | 32.6 | 33.5 | 31.11 | 32.67 | |
| Research And Ddevelopement To Revenue | 0.0236 | 0.0182 | 0.0153 | 0.0159 | 0.0169 | 0.016 | |
| Capex To Revenue | 0.0892 | 0.0536 | 0.0475 | 0.044 | 0.007998 | 0.007598 | |
| Cash Per Share | 5.62 | 6.73 | 7.32 | 7.72 | 8.34 | 8.76 | |
| Pocfratio | 6.86 | 6.12 | 6.61 | 7.86 | 7.75 | 8.14 | |
| Interest Coverage | 118.51 | 68.76 | 63.5 | 295.01 | 214.75 | 225.49 | |
| Pfcf Ratio | 10.97 | 8.19 | 9.48 | 11.22 | 8.23 | 8.65 | |
| Days Payables Outstanding | 16.57 | 14.66 | 11.19 | 10.9 | 11.73 | 11.14 | |
| Income Quality | 1.74 | 1.4 | 0.89 | 1.19 | 1.33 | 0.98 | |
| Roe | 0.0928 | 0.0988 | 0.11 | 0.0594 | 0.0637 | 0.0669 | |
| Ev To Operating Cash Flow | 6.81 | 5.61 | 5.93 | 6.87 | 6.71 | 3.58 | |
| Pe Ratio | 11.96 | 8.55 | 5.87 | 12.12 | 10.34 | 8.67 | |
| Return On Tangible Assets | 0.068 | 0.0755 | 0.0901 | 0.0486 | 0.051 | 0.0536 | |
| Ev To Free Cash Flow | 10.89 | 7.51 | 8.5 | 9.81 | 7.13 | 7.49 | |
| Intangibles To Total Assets | 0.0449 | 0.0438 | 0.04 | 0.0384 | 0.0333 | 0.0317 | |
| Net Debt To E B I T D A | (0.52) | (0.0537) | (0.42) | (0.33) | (0.58) | (0.49) | |
| Current Ratio | 5.14 | 5.42 | 7.09 | 8.04 | 7.86 | 8.25 | |
| Tangible Book Value Per Share | 18.04 | 19.22 | 20.76 | 21.54 | 22.1 | 23.21 |
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 together with Fonar Stock
Moving against Fonar Stock
| 0.81 | VMD | Viemed Healthcare | PairCorr |
| 0.71 | WGS | GeneDx Holdings Corp | PairCorr |
| 0.56 | LNSR | LENSAR Inc | PairCorr |
| 0.47 | MBOT | Microbot Medical | PairCorr |
| 0.37 | VREX | Varex Imaging Corp | PairCorr |
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.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.