Fonar Gross Profit vs Total Revenue Analysis

FONR Stock

USD 16.44 0.01 0.06%

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 Gross Profit and its Total Revenue 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.

Gross Profit vs Total Revenue

Gross Profit vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fonar Gross Profit account and Total Revenue. At this time, the significance of the direction appears to have totally related.

The correlation between Fonar's Gross Profit and Total Revenue is 0.99. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Fonar, assuming nothing else is changed. The correlation between historical values of Fonar's Gross Profit and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Fonar are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Gross Profit i.e., Fonar's Gross Profit and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Gross Profit

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. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Total Revenue

Total revenue comprises all receipts Fonar generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

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 11/25/2024, Sales General And Administrative To Revenue is likely to grow to 0.44, while Selling General Administrative is likely to drop slightly above 18.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	47.0M	45.7M	45.1M	23.0M
Total Revenue	97.6M	98.6M	102.9M	53.6M

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		0.37	0.16	-0.61	0.22	0.34	0.27	-0.2	-0.28	-0.5	0.2	0.47	0.19	0.22	0.38	0.14	-0.82	0.28	0.79	0.31	0.16	0.3	0.31	0.37	0.09	0.07
Total Assets	0.37		0.87	-0.38	-0.19	0.98	0.96	-0.55	0.71	-0.14	0.94	0.97	0.43	0.96	0.99	0.88	-0.15	0.71	0.12	0.74	0.92	0.99	0.61	-0.28	0.69	0.01
Short Long Term Debt Total	0.16	0.87		-0.24	0.13	0.77	0.96	-0.2	0.62	0.18	0.93	0.83	0.31	0.89	0.81	1.0	0.15	0.66	-0.03	0.91	0.93	0.86	0.77	-0.26	0.46	-0.29
Other Current Liab	-0.61	-0.38	-0.24		0.07	-0.37	-0.35	0.28	-0.02	0.31	-0.31	-0.45	0.24	-0.33	-0.32	-0.25	0.57	-0.27	-0.41	-0.33	-0.21	-0.32	-0.57	0.02	-0.3	-0.08
Total Current Liabilities	0.22	-0.19	0.13	0.07		-0.35	-0.06	0.57	-0.58	0.36	-0.1	-0.14	0.08	-0.18	-0.24	0.09	-0.08	-0.07	0.26	0.28	-0.13	-0.22	0.23	0.5	-0.43	-0.4
Total Stockholder Equity	0.34	0.98	0.77	-0.37	-0.35		0.9	-0.68	0.77	-0.25	0.91	0.93	0.41	0.94	0.98	0.79	-0.17	0.66	0.08	0.62	0.88	0.98	0.52	-0.38	0.77	0.11
Property Plant And Equipment Net	0.27	0.96	0.96	-0.35	-0.06	0.9		-0.38	0.71	-0.02	0.97	0.94	0.3	0.95	0.91	0.97	-0.01	0.7	0.02	0.86	0.95	0.94	0.73	-0.32	0.61	-0.17
Net Debt	-0.2	-0.55	-0.2	0.28	0.57	-0.68	-0.38		-0.54	0.49	-0.54	-0.43	-0.34	-0.59	-0.6	-0.22	0.17	-0.05	0.0	-0.04	-0.46	-0.6	-0.09	0.54	-0.8	-0.22
Retained Earnings	-0.28	0.71	0.62	-0.02	-0.58	0.77	0.71	-0.54		-0.09	0.74	0.63	0.12	0.76	0.69	0.66	0.36	0.42	-0.46	0.46	0.73	0.74	0.37	-0.73	0.67	0.1
Accounts Payable	-0.5	-0.14	0.18	0.31	0.36	-0.25	-0.02	0.49	-0.09		-0.02	-0.21	0.26	-0.03	-0.15	0.17	0.48	0.18	-0.37	0.05	0.02	-0.09	-0.09	0.22	-0.28	-0.02
Cash	0.2	0.94	0.93	-0.31	-0.1	0.91	0.97	-0.54	0.74	-0.02		0.87	0.4	0.98	0.91	0.94	0.07	0.59	-0.03	0.79	0.97	0.96	0.69	-0.42	0.69	-0.17
Non Current Assets Total	0.47	0.97	0.83	-0.45	-0.14	0.93	0.94	-0.43	0.63	-0.21	0.87		0.31	0.87	0.93	0.84	-0.31	0.71	0.2	0.76	0.83	0.92	0.63	-0.19	0.61	-0.05
Non Currrent Assets Other	0.19	0.43	0.31	0.24	0.08	0.41	0.3	-0.34	0.12	0.26	0.4	0.31		0.44	0.52	0.3	-0.09	0.24	0.21	0.13	0.39	0.49	-0.16	0.21	0.18	0.16
Cash And Short Term Investments	0.22	0.96	0.89	-0.33	-0.18	0.94	0.95	-0.59	0.76	-0.03	0.98	0.87	0.44		0.94	0.9	0.03	0.64	-0.03	0.74	0.95	0.98	0.64	-0.44	0.73	0.02
Net Receivables	0.38	0.99	0.81	-0.32	-0.24	0.98	0.91	-0.6	0.69	-0.15	0.91	0.93	0.52	0.94		0.82	-0.15	0.71	0.16	0.64	0.9	0.99	0.52	-0.22	0.67	0.06
Non Current Liabilities Total	0.14	0.88	1.0	-0.25	0.09	0.79	0.97	-0.22	0.66	0.17	0.94	0.84	0.3	0.9	0.82		0.13	0.66	-0.05	0.91	0.93	0.87	0.76	-0.29	0.49	-0.27
Inventory	-0.82	-0.15	0.15	0.57	-0.08	-0.17	-0.01	0.17	0.36	0.48	0.07	-0.31	-0.09	0.03	-0.15	0.13		-0.09	-0.67	0.02	0.18	-0.06	0.05	-0.36	-0.13	-0.15
Other Current Assets	0.28	0.71	0.66	-0.27	-0.07	0.66	0.7	-0.05	0.42	0.18	0.59	0.71	0.24	0.64	0.71	0.66	-0.09		0.11	0.53	0.64	0.69	0.4	0.02	0.35	0.22
Other Stockholder Equity	0.79	0.12	-0.03	-0.41	0.26	0.08	0.02	0.0	-0.46	-0.37	-0.03	0.2	0.21	-0.03	0.16	-0.05	-0.67	0.11		0.07	-0.05	0.07	0.1	0.59	-0.24	-0.04
Total Liab	0.31	0.74	0.91	-0.33	0.28	0.62	0.86	-0.04	0.46	0.05	0.79	0.76	0.13	0.74	0.64	0.91	0.02	0.53	0.07		0.78	0.7	0.84	-0.23	0.27	-0.33
Property Plant And Equipment Gross	0.16	0.92	0.93	-0.21	-0.13	0.88	0.95	-0.46	0.73	0.02	0.97	0.83	0.39	0.95	0.9	0.93	0.18	0.64	-0.05	0.78		0.94	0.68	-0.35	0.61	-0.18
Total Current Assets	0.3	0.99	0.86	-0.32	-0.22	0.98	0.94	-0.6	0.74	-0.09	0.96	0.92	0.49	0.98	0.99	0.87	-0.06	0.69	0.07	0.7	0.94		0.58	-0.33	0.71	0.04
Short Term Debt	0.31	0.61	0.77	-0.57	0.23	0.52	0.73	-0.09	0.37	-0.09	0.69	0.63	-0.16	0.64	0.52	0.76	0.05	0.4	0.1	0.84	0.68	0.58		-0.19	0.26	-0.32
Intangible Assets	0.37	-0.28	-0.26	0.02	0.5	-0.38	-0.32	0.54	-0.73	0.22	-0.42	-0.19	0.21	-0.44	-0.22	-0.29	-0.36	0.02	0.59	-0.23	-0.35	-0.33	-0.19		-0.63	-0.1
Good Will	0.09	0.69	0.46	-0.3	-0.43	0.77	0.61	-0.8	0.67	-0.28	0.69	0.61	0.18	0.73	0.67	0.49	-0.13	0.35	-0.24	0.27	0.61	0.71	0.26	-0.63		0.12
Short Term Investments	0.07	0.01	-0.29	-0.08	-0.4	0.11	-0.17	-0.22	0.1	-0.02	-0.17	-0.05	0.16	0.02	0.06	-0.27	-0.15	0.22	-0.04	-0.33	-0.18	0.04	-0.32	-0.1	0.12

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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	6.5M	4.2M
Total Assets	180.3M	189.5M	199.3M	200.6M	214.2M	225.0M
Short Long Term Debt Total	35.8M	34.7M	38.2M	37.0M	41.7M	43.8M
Other Current Liab	8.2M	4.8M	6.3M	5.5M	10.6M	9.8M
Total Current Liabilities	18.7M	20.0M	16.7M	15.6M	17.9M	17.4M
Total Stockholder Equity	126.2M	138.4M	150.3M	157.9M	166.0M	174.3M
Property Plant And Equipment Net	54.1M	53.1M	57.4M	55.9M	57.7M	60.6M
Net Debt	(1.0M)	(9.8M)	(10.5M)	(14.3M)	(14.7M)	(13.9M)
Retained Earnings	(56.2M)	(46.0M)	(33.6M)	(24.2M)	(13.6M)	(14.3M)
Accounts Payable	2.0M	1.9M	1.6M	1.6M	1.9M	2.8M
Cash	36.8M	44.5M	48.7M	51.3M	56.3M	59.2M
Non Current Assets Total	84.4M	80.9M	80.7M	74.9M	73.9M	77.6M
Non Currrent Assets Other	653.1K	666.5K	526.3K	523.5K	1.9M	1.8M
Cash And Short Term Investments	36.8M	44.5M	48.8M	51.3M	56.5M	59.3M
Net Receivables	55.6M	61.2M	66.5M	70.2M	79.8M	83.8M
Liabilities And Stockholders Equity	180.3M	189.5M	199.3M	200.6M	214.2M	225.0M
Non Current Liabilities Total	35.4M	34.1M	36.4M	34.1M	39.6M	41.6M
Inventory	1.6M	1.7M	2.4M	2.6M	2.7M	2.9M
Other Current Assets	1.8M	1.2M	1.1M	1.6M	1.3M	1.8M
Other Stockholder Equity	182.4M	184.4M	183.9M	182.1M	179.6M	142.3M
Total Liab	54.0M	54.1M	53.1M	49.8M	57.5M	34.4M
Property Plant And Equipment Gross	54.1M	53.1M	93.2M	95.5M	101.5M	106.5M
Total Current Assets	95.9M	108.6M	118.7M	125.7M	140.3M	147.3M
Short Term Debt	3.6M	7.6M	8.2M	8.3M	3.7M	3.0M
Intangible Assets	4.1M	4.0M	3.7M	3.4M	2.9M	5.7M
Short Term Investments	31.9K	32.2K	32.3K	32.8K	136.1K	129.3K
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	66.9K	63.6K
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	3.9M	5.8M
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)

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

0.83	VMD	Viemed Healthcare	Pair Corr
0.56	DOCS	Doximity	Pair Corr
0.38	ITGR	Integer Holdings Corp	Pair Corr
0.37	FOXO	FOXO Technologies	Pair Corr
0.32	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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