Fonar Operating Income from 2010 to 2024

FONR Stock  USD 15.10  0.13  0.87%   
Fonar Operating Income yearly trend continues to be relatively stable with very little volatility. Operating Income is likely to grow to about 17.4 M this year. Operating Income is earnings before interest and taxes (EBIT), representing the amount of profit Fonar generates from its operations. View All Fundamentals
 
Operating Income  
First Reported
1988-09-30
Previous Quarter
1.3 M
Current Value
4.6 M
Quarterly Volatility
6.5 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 0.95, Dividend Yield of 0.0027 or PTB Ratio of 0.59. 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 Operating Income Growth Pattern

Below is the plot of the Operating Income of Fonar over the last few years. Operating Income is the amount of profit realized from Fonar 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 Fonar is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. It is earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations. Fonar's Operating Income 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.
Operating Income10 Years Trend
Slightly volatile
   Operating Income   
22.18.8M17.122.014.816.517.4-60%94%29%-33%12%5%100%
       Timeline  

Fonar Operating Income Regression Statistics

Arithmetic Mean13,734,265
Coefficient Of Variation52.45
Mean Deviation5,260,436
Median14,789,262
Standard Deviation7,204,209
Sample Variance51.9T
Range27.9M
R-Value0.66
Mean Square Error31.5T
R-Squared0.44
Significance0.01
Slope1,063,316
Total Sum of Squares726.6T

Fonar Operating Income History

202417.4 M
202316.5 M
202214.8 M
202122 M
202017.1 M
20198.8 M
201822.1 M

Other Fundumenentals of Fonar

Fonar Operating Income component correlations

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0.98-0.680.77-0.250.980.620.980.52-0.380.770.11-0.730.46-0.40.8-0.220.97-0.570.770.82-0.850.930.91-0.27
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-0.14-0.250.49-0.09-0.150.05-0.09-0.090.22-0.28-0.020.580.220.260.130.07-0.080.510.030.170.6-0.11-0.11-0.5
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0.010.11-0.220.1-0.020.06-0.330.04-0.32-0.10.12-0.14-0.1-0.02-0.13-0.140.01-0.15-0.030.25-0.170.050.040.04
-0.66-0.730.79-0.320.58-0.68-0.26-0.66-0.250.31-0.79-0.14-0.20.64-0.39-0.23-0.630.69-0.46-0.440.79-0.57-0.550.11
0.480.46-0.340.470.220.540.360.560.02-0.240.28-0.1-0.2-0.040.68-0.190.56-0.210.910.47-0.230.520.56-0.47
-0.45-0.40.250.280.26-0.48-0.27-0.41-0.24-0.47-0.19-0.020.64-0.04-0.2-0.73-0.32-0.11-0.21-0.190.43-0.24-0.230.05
0.830.8-0.470.690.130.840.640.870.53-0.280.55-0.13-0.390.68-0.2-0.210.87-0.320.830.75-0.510.830.83-0.45
-0.15-0.220.12-0.750.07-0.13-0.09-0.16-0.030.6-0.14-0.14-0.23-0.19-0.73-0.21-0.240.38-0.24-0.230.21-0.29-0.3-0.09
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-0.43-0.570.79-0.680.51-0.42-0.09-0.46-0.10.84-0.84-0.150.69-0.21-0.11-0.320.38-0.51-0.4-0.390.62-0.51-0.490.09
0.780.77-0.520.670.030.810.60.830.29-0.370.51-0.03-0.460.91-0.210.83-0.240.83-0.40.72-0.520.810.83-0.35
0.850.82-0.380.720.170.820.730.880.58-0.440.580.25-0.440.47-0.190.75-0.230.88-0.390.72-0.510.910.9-0.26
-0.78-0.850.67-0.590.6-0.8-0.32-0.74-0.270.28-0.67-0.170.79-0.230.43-0.510.21-0.730.62-0.52-0.51-0.65-0.630.11
0.940.93-0.580.8-0.110.910.780.950.67-0.510.680.05-0.570.52-0.240.83-0.290.96-0.510.810.91-0.651.0-0.15
0.920.91-0.570.79-0.110.890.780.940.67-0.510.640.04-0.550.56-0.230.83-0.30.95-0.490.830.9-0.631.0-0.13
-0.27-0.270.2-0.24-0.5-0.350.11-0.340.18-0.07-0.350.040.11-0.470.05-0.45-0.09-0.340.09-0.35-0.260.11-0.15-0.13
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About Fonar Financial Statements

Fonar shareholders use historical fundamental indicators, such as Operating Income, 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 ReportedProjected for Next Year
Operating Income16.5 M17.4 M
Non Operating Income Net Other1.3 M1.3 M

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

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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 CorrelationCorrelation 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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