Pro Good Will vs Current Deferred Revenue Analysis

PDEX Stock

USD 42.33 5.30 11.13%

Pro Dex financial indicator trend analysis is much more than just breaking down Pro Dex prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pro Dex is a good investment. Please check the relationship between Pro Dex Good Will and its Current Deferred Revenue accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pro Dex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For more information on how to buy Pro Stock please use our How to Invest in Pro Dex guide.

Good Will vs Current Deferred Revenue

Good Will vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pro Dex Good Will account and Current Deferred Revenue. At this time, the significance of the direction appears to have strong relationship.

The correlation between Pro Dex's Good Will and Current Deferred Revenue is 0.63. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Pro Dex, assuming nothing else is changed. The correlation between historical values of Pro Dex's Good Will and Current Deferred 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 Good Will of Pro Dex are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Good Will i.e., Pro Dex's Good Will and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.63

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Most indicators from Pro Dex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pro Dex 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pro Dex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For more information on how to buy Pro Stock please use our How to Invest in Pro Dex guide.At this time, Pro Dex's Discontinued Operations is fairly stable compared to the past year. Tax Provision is likely to rise to about 754.4 K in 2024, whereas Selling General Administrative is likely to drop slightly above 3.9 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	13.1M	12.7M	14.6M	7.9M
Total Revenue	42.0M	46.1M	53.8M	56.5M

Gross Profit Total Revenue

Pro Dex fundamental ratios Correlations

	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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Other Current Assets	Accounts Payable	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock
Total Assets		0.95	0.93	0.96	0.97	0.96	0.89	0.95	0.01	0.96	0.22	0.4	0.95	0.23	0.88	0.98	0.21	0.97	0.99	0.93	-0.32	0.68	0.9	0.92	-0.71	-0.22
Short Long Term Debt Total	0.95		0.87	0.89	0.87	0.99	0.96	0.93	-0.1	0.97	0.2	0.24	0.94	0.08	0.98	0.91	0.19	0.99	0.91	0.89	-0.33	0.69	0.83	0.9	-0.84	-0.19
Other Current Liab	0.93	0.87		0.97	0.9	0.9	0.84	0.88	-0.11	0.86	0.14	0.34	0.95	0.2	0.78	0.92	0.13	0.92	0.94	0.92	-0.33	0.57	0.96	0.95	-0.56	-0.13
Total Current Liabilities	0.96	0.89	0.97		0.93	0.91	0.87	0.92	-0.17	0.9	0.17	0.28	0.95	0.16	0.78	0.97	0.16	0.93	0.95	0.97	-0.3	0.63	0.96	0.95	-0.6	-0.16
Total Stockholder Equity	0.97	0.87	0.9	0.93		0.88	0.78	0.91	0.11	0.91	0.22	0.5	0.89	0.32	0.77	0.96	0.21	0.89	0.98	0.9	-0.32	0.62	0.87	0.87	-0.58	-0.21
Property Plant And Equipment Net	0.96	0.99	0.9	0.91	0.88		0.97	0.93	-0.18	0.98	0.18	0.18	0.95	0.07	0.95	0.92	0.17	0.99	0.91	0.92	-0.35	0.64	0.84	0.92	-0.81	-0.17
Net Debt	0.89	0.96	0.84	0.87	0.78	0.97		0.88	-0.37	0.95	0.23	-0.02	0.92	-0.04	0.93	0.87	0.22	0.95	0.82	0.89	-0.26	0.62	0.81	0.89	-0.82	-0.22
Retained Earnings	0.95	0.93	0.88	0.92	0.91	0.93	0.88		-0.06	0.92	0.24	0.36	0.89	-0.06	0.85	0.93	0.23	0.93	0.93	0.94	-0.4	0.53	0.85	0.94	-0.72	-0.23
Cash	0.01	-0.1	-0.11	-0.17	0.11	-0.18	-0.37	-0.06		-0.16	-0.12	0.86	-0.18	0.42	-0.05	-0.09	-0.11	-0.11	0.1	-0.23	-0.16	0.1	-0.13	-0.22	0.11	0.12
Non Current Assets Total	0.96	0.97	0.86	0.9	0.91	0.98	0.95	0.92	-0.16		0.21	0.18	0.92	0.12	0.91	0.94	0.2	0.96	0.9	0.91	-0.29	0.61	0.81	0.89	-0.8	-0.2
Non Currrent Assets Other	0.22	0.2	0.14	0.17	0.22	0.18	0.23	0.24	-0.12	0.21		0.05	0.23	0.08	0.23	0.24	1.0	0.22	0.23	0.11	0.28	0.14	0.27	0.18	-0.14	-1.0
Cash And Short Term Investments	0.4	0.24	0.34	0.28	0.5	0.18	-0.02	0.36	0.86	0.18	0.05		0.22	0.38	0.22	0.32	0.05	0.26	0.5	0.2	-0.28	0.23	0.33	0.25	-0.04	-0.05
Net Receivables	0.95	0.94	0.95	0.95	0.89	0.95	0.92	0.89	-0.18	0.92	0.23	0.22		0.19	0.88	0.91	0.22	0.96	0.94	0.91	-0.25	0.71	0.93	0.92	-0.68	-0.22
Common Stock Shares Outstanding	0.23	0.08	0.2	0.16	0.32	0.07	-0.04	-0.06	0.42	0.12	0.08	0.38	0.19		0.09	0.21	0.08	0.13	0.29	-0.01	0.36	0.39	0.21	-0.05	0.05	-0.08
Non Current Liabilities Total	0.88	0.98	0.78	0.78	0.77	0.95	0.93	0.85	-0.05	0.91	0.23	0.22	0.88	0.09		0.82	0.22	0.95	0.84	0.77	-0.28	0.69	0.74	0.8	-0.88	-0.23
Inventory	0.98	0.91	0.92	0.97	0.96	0.92	0.87	0.93	-0.09	0.94	0.24	0.32	0.91	0.21	0.82		0.23	0.94	0.96	0.95	-0.3	0.63	0.9	0.91	-0.66	-0.23
Other Stockholder Equity	0.21	0.19	0.13	0.16	0.21	0.17	0.22	0.23	-0.11	0.2	1.0	0.05	0.22	0.08	0.22	0.23		0.21	0.22	0.1	0.29	0.14	0.25	0.17	-0.14	-1.0
Total Liab	0.97	0.99	0.92	0.93	0.89	0.99	0.95	0.93	-0.11	0.96	0.22	0.26	0.96	0.13	0.95	0.94	0.21		0.94	0.91	-0.31	0.7	0.89	0.92	-0.8	-0.21
Total Current Assets	0.99	0.91	0.94	0.95	0.98	0.91	0.82	0.93	0.1	0.9	0.23	0.5	0.94	0.29	0.84	0.96	0.22	0.94		0.91	-0.32	0.69	0.93	0.9	-0.63	-0.22
Short Term Debt	0.93	0.89	0.92	0.97	0.9	0.92	0.89	0.94	-0.23	0.91	0.11	0.2	0.91	-0.01	0.77	0.95	0.1	0.91	0.91		-0.39	0.58	0.89	0.95	-0.64	-0.1
Intangible Assets	-0.32	-0.33	-0.33	-0.3	-0.32	-0.35	-0.26	-0.4	-0.16	-0.29	0.28	-0.28	-0.25	0.36	-0.28	-0.3	0.29	-0.31	-0.32	-0.39		-0.17	-0.18	-0.37	0.29	-0.28
Other Current Assets	0.68	0.69	0.57	0.63	0.62	0.64	0.62	0.53	0.1	0.61	0.14	0.23	0.71	0.39	0.69	0.63	0.14	0.7	0.69	0.58	-0.17		0.62	0.47	-0.59	-0.14
Accounts Payable	0.9	0.83	0.96	0.96	0.87	0.84	0.81	0.85	-0.13	0.81	0.27	0.33	0.93	0.21	0.74	0.9	0.25	0.89	0.93	0.89	-0.18	0.62		0.91	-0.52	-0.25
Property Plant And Equipment Gross	0.92	0.9	0.95	0.95	0.87	0.92	0.89	0.94	-0.22	0.89	0.18	0.25	0.92	-0.05	0.8	0.91	0.17	0.92	0.9	0.95	-0.37	0.47	0.91		-0.62	-0.17
Common Stock Total Equity	-0.71	-0.84	-0.56	-0.6	-0.58	-0.81	-0.82	-0.72	0.11	-0.8	-0.14	-0.04	-0.68	0.05	-0.88	-0.66	-0.14	-0.8	-0.63	-0.64	0.29	-0.59	-0.52	-0.62		0.14
Common Stock	-0.22	-0.19	-0.13	-0.16	-0.21	-0.17	-0.22	-0.23	0.12	-0.2	-1.0	-0.05	-0.22	-0.08	-0.23	-0.23	-1.0	-0.21	-0.22	-0.1	-0.28	-0.14	-0.25	-0.17	0.14

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Pro Dex Account Relationship Matchups

Pro Dex fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	31.1M	40.3M	47.3M	51.8M	52.5M	55.1M
Short Long Term Debt Total	6.7M	15.2M	15.6M	14.8M	13.5M	14.2M
Other Current Liab	2.4M	2.9M	3.8M	2.7M	4.8M	5.0M
Total Current Liabilities	5.2M	5.9M	10.8M	9.7M	12.9M	13.5M
Total Stockholder Equity	19.1M	20.1M	23.7M	31.6M	30.9M	32.4M
Property Plant And Equipment Net	5.6M	12.9M	13.4M	13.2M	12.7M	13.3M
Net Debt	263K	11.5M	14.7M	11.9M	10.9M	11.5M
Retained Earnings	7.9M	12.3M	16.0M	24.8M	27.0M	28.3M
Cash	6.4M	3.7M	849K	2.9M	2.6M	2.2M
Non Current Assets Total	8.5M	15.3M	16.2M	20.8M	15.9M	16.7M
Non Currrent Assets Other	40K	42K	67K	34K	1.6M	1.7M
Cash And Short Term Investments	9.0M	5.0M	1.6M	4.1M	6.8M	7.2M
Net Receivables	5.2M	10.9M	15.4M	10.0M	13.9M	14.6M
Common Stock Shares Outstanding	4.1M	3.9M	3.8M	3.6M	3.6M	3.1M
Liabilities And Stockholders Equity	31.1M	40.3M	47.3M	51.8M	52.5M	55.1M
Non Current Liabilities Total	6.8M	14.4M	12.8M	10.6M	8.7M	9.2M
Inventory	8.2M	8.4M	12.7M	16.2M	15.3M	16.0M
Total Liab	12.1M	20.2M	23.7M	20.2M	21.6M	22.7M
Total Current Assets	22.7M	25.0M	31.2M	31.0M	36.6M	38.4M
Short Term Debt	651K	1.6M	3.7M	4.2M	4.8M	5.1M
Intangible Assets	162K	186K	118K	81K	54K	51.3K
Other Current Assets	300K	627K	1.5M	790K	607K	553.5K
Accounts Payable	2.0M	2.3M	3.8M	2.3M	4.5M	4.7M
Property Plant And Equipment Gross	5.6M	12.9M	13.4M	13.2M	22.3M	23.4M
Common Stock Total Equity	19.8M	15.8M	12.8M	8.0M	9.1M	17.3M
Common Stock	12.8M	8.0M	7.7M	6.8M	3.9M	3.7M
Other Assets	301K	530K	839K	42K	37.8K	35.9K
Property Plant Equipment	5.6M	3.8M	13.4M	13.2M	15.2M	15.9M
Current Deferred Revenue	200K	150K	1.0M	453K	14K	13.3K
Long Term Debt	3.3M	11.5M	10.3M	8.9M	7.5M	7.9M
Short Term Investments	2.6M	1.3M	755K	1.1M	4.2M	4.4M
Other Liab	804K	397K	544K	8K	9.2K	8.7K
Net Tangible Assets	18.9M	19.9M	23.6M	31.5M	36.2M	38.0M
Retained Earnings Total Equity	(2.4M)	1.7M	7.9M	12.3M	14.2M	14.9M
Long Term Debt Total	6K	3.9M	3.3M	11.5M	13.3M	13.9M
Long Term Investments	2.4M	1.7M	1.8M	7.5M	1.6M	1.7M

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Pro Good Will vs Current Deferred Revenue Analysis

Good Will vs Current Deferred Revenue

Good Will vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Good Will

Current Deferred Revenue

Pro Dex fundamental ratios Correlations

Pro Dex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pro Dex fundamental ratios Accounts

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Additional Tools for Pro Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Stockholder Equity	+ 1.0	Non Currrent Assets Other
Total Current Assets	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Property Plant And Equipment Net
Inventory	+ 0.98	Total Assets

Common Stock	- 1.0	Other Stockholder Equity
Common Stock	- 1.0	Non Currrent Assets Other
Common Stock Total Equity	- 0.88	Non Current Liabilities Total
Common Stock Total Equity	- 0.84	Short Long Term Debt Total
Common Stock Total Equity	- 0.82	Net Debt
Common Stock Total Equity	- 0.81	Property Plant And Equipment Net