Harrow Operating Income vs Total Revenue Analysis

HROW Stock  USD 42.47  0.23  0.54%   
Harrow Health financial indicator trend analysis is much more than just examining Harrow Health latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Harrow Health is a good investment. Please check the relationship between Harrow Health Operating Income and its Total Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harrow Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
For more information on how to buy Harrow Stock please use our How to Invest in Harrow Health guide.

Operating Income vs Total Revenue

Operating Income vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Harrow Health Operating Income account and Total Revenue. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Harrow Health's Operating Income and Total Revenue is 0.54. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Harrow Health, assuming nothing else is changed. The correlation between historical values of Harrow Health's Operating Income 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 Operating Income of Harrow Health 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 Operating Income i.e., Harrow Health's Operating Income and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.54
Relationship DirectionPositive 
Relationship StrengthWeak

Operating Income

Operating Income is the amount of profit realized from Harrow Health operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Harrow Health is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Total Revenue

Total revenue comprises all receipts Harrow Health 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 Harrow Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Harrow Health 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harrow Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
For more information on how to buy Harrow Stock please use our How to Invest in Harrow Health guide.At this time, Harrow Health's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 736 K in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.73 in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit54.3M63.2M90.6M95.1M
Total Revenue72.5M88.6M130.2M136.7M

Harrow Health fundamental ratios Correlations

0.920.980.940.95-0.820.860.90.80.770.931.00.970.590.990.660.950.990.480.980.860.20.99-0.130.27-0.69
0.920.950.90.98-0.670.630.660.640.610.820.910.80.390.90.350.790.890.270.980.660.20.89-0.160.14-0.5
0.980.950.950.96-0.820.770.830.80.770.930.970.920.580.960.580.940.950.490.980.830.290.95-0.080.34-0.69
0.940.90.950.9-0.750.730.830.770.780.90.910.90.560.890.530.880.890.490.930.780.120.880.190.25-0.6
0.950.980.960.9-0.760.670.730.750.720.870.940.850.520.940.410.840.930.430.980.780.230.92-0.170.22-0.62
-0.82-0.67-0.82-0.75-0.76-0.74-0.82-0.92-0.94-0.96-0.82-0.84-0.83-0.82-0.62-0.85-0.81-0.79-0.76-0.92-0.52-0.80.07-0.30.97
0.860.630.770.730.67-0.740.950.690.660.780.880.940.550.890.90.90.90.450.750.840.120.9-0.260.26-0.68
0.90.660.830.830.73-0.820.950.830.820.870.90.980.70.90.850.930.910.630.780.930.130.9-0.020.33-0.77
0.80.640.80.770.75-0.920.690.830.940.920.790.830.90.790.580.820.780.820.730.930.360.770.090.4-0.89
0.770.610.770.780.72-0.940.660.820.940.930.760.820.850.750.540.80.750.850.70.920.330.730.20.27-0.93
0.930.820.930.90.87-0.960.780.870.920.930.910.920.760.90.620.920.90.70.880.920.390.890.020.3-0.88
1.00.910.970.910.94-0.820.880.90.790.760.910.970.581.00.680.951.00.480.970.870.211.0-0.210.28-0.71
0.970.80.920.90.85-0.840.940.980.830.820.920.970.660.970.790.970.970.580.890.920.170.97-0.080.32-0.75
0.590.390.580.560.52-0.830.550.70.90.850.760.580.660.580.510.640.570.910.490.820.340.560.150.4-0.83
0.990.90.960.890.94-0.820.890.90.790.750.91.00.970.580.690.951.00.470.960.870.191.0-0.230.26-0.7
0.660.350.580.530.41-0.620.90.850.580.540.620.680.790.510.690.810.70.460.510.710.130.7-0.190.45-0.62
0.950.790.940.880.84-0.850.90.930.820.80.920.950.970.640.950.810.950.570.890.890.260.95-0.110.43-0.77
0.990.890.950.890.93-0.810.90.910.780.750.91.00.970.571.00.70.950.470.960.870.191.0-0.240.26-0.7
0.480.270.490.490.43-0.790.450.630.820.850.70.480.580.910.470.460.570.470.380.810.40.440.260.4-0.85
0.980.980.980.930.98-0.760.750.780.730.70.880.970.890.490.960.510.890.960.380.770.210.96-0.160.21-0.61
0.860.660.830.780.78-0.920.840.930.930.920.920.870.920.820.870.710.890.870.810.770.320.86-0.050.35-0.91
0.20.20.290.120.23-0.520.120.130.360.330.390.210.170.340.190.130.260.190.40.210.320.18-0.190.29-0.52
0.990.890.950.880.92-0.80.90.90.770.730.891.00.970.561.00.70.951.00.440.960.860.18-0.260.25-0.69
-0.13-0.16-0.080.19-0.170.07-0.26-0.020.090.20.02-0.21-0.080.15-0.23-0.19-0.11-0.240.26-0.16-0.05-0.19-0.26-0.010.06
0.270.140.340.250.22-0.30.260.330.40.270.30.280.320.40.260.450.430.260.40.210.350.290.25-0.01-0.34
-0.69-0.5-0.69-0.6-0.620.97-0.68-0.77-0.89-0.93-0.88-0.71-0.75-0.83-0.7-0.62-0.77-0.7-0.85-0.61-0.91-0.52-0.690.06-0.34
Click cells to compare fundamentals

Harrow Health Account Relationship Matchups

Harrow Health fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets59.1M57.5M98.3M157.0M311.8M327.3M
Other Current Liab2.4M1.7M4.9M(836K)27.0M28.4M
Total Current Liabilities12.3M10.8M9.7M18.6M49.3M51.8M
Total Stockholder Equity27.7M27.2M11.3M27.2M70.8M74.3M
Net Debt16.2M19.4M35.8M7.9M116.4M122.2M
Retained Earnings(74.0M)(77.4M)(95.4M)(109.5M)(133.9M)(127.2M)
Cash4.7M4.1M42.2M96.3M74.1M77.8M
Cash And Short Term Investments29.9M32.6M50.7M96.3M82.8M86.9M
Common Stock Shares Outstanding26.5M25.9M26.8M27.5M32.6M34.2M
Liabilities And Stockholders Equity59.1M57.5M98.3M157.0M312.2M327.8M
Other Stockholder Equity101.7M104.6M106.7M136.7M204.6M214.9M
Total Liab31.7M30.6M87.4M130.1M241.8M253.8M
Total Current Assets36.8M40.1M60.7M118.3M139.1M146.0M
Short Long Term Debt Total21.0M23.5M78.0M104.9M190.5M200.0M
Other Current Assets786K941K1.3M22.0M9.0M9.4M
Accounts Payable7.4M3.6M5.2M18.6M21.4M22.5M
Non Current Liabilities Total19.4M19.8M77.7M111.5M192.4M202.0M
Property Plant And Equipment Net11.9M11.3M9.1M11.0M10.3M5.6M
Non Current Assets Total22.3M17.3M37.7M37.2M172.7M181.3M
Property Plant And Equipment Gross11.9M11.3M16.9M20.1M20.4M21.4M
Long Term Debt12.2M12.4M71.7M104.2M183.2M192.3M
Net Tangible Assets25.0M24.9M(6.2M)1.4M1.6M1.6M
Current Deferred Revenue57K66K16K113K75K71.3K
Retained Earnings Total Equity(74.0M)(77.4M)(95.4M)(109.5M)(98.5M)(103.5M)
Capital Surpluse101.7M104.6M106.7M137.1M157.6M85.0M
Short Term Debt2.4M5.1M560K723K806K765.7K
Non Currrent Assets Other7.7M3.8M12.4M2.0M(2.1M)(2.0M)
Accumulated Other Comprehensive Income(2.8M)(4.4M)0.0(409K)(368.1K)(386.5K)
Property Plant Equipment5.4M4.5M3.1M3.5M4.0M3.9M
Short Term Investments25.2M28.5M8.5M5.6M8.7M9.9M
Net Receivables2.7M2.7M4.5M6.4M36.5M38.3M
Long Term Debt Total12.2M12.4M71.7M104.2M119.8M125.8M
Capital Lease Obligations7M7.3M6.3M8.1M7.3M4.3M
Inventory3.3M4.0M4.2M6.5M10.9M11.4M
Non Current Liabilities Other7.2M7.5M6.0M7.3M8.4M8.9M
Intangible Assets2.3M1.9M17.1M25.8M162.0M170.1M

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