Electromed Gross Profit vs Operating Income Analysis

ELMD Stock  USD 16.41  0.15  0.92%   
Electromed financial indicator trend analysis is much more than just examining Electromed latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Electromed is a good investment. Please check the relationship between Electromed Gross Profit and its Operating Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electromed. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For information on how to trade Electromed Stock refer to our How to Trade Electromed Stock guide.

Gross Profit vs Operating Income

Gross Profit vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Electromed Gross Profit account and Operating Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Electromed's Gross Profit and Operating Income is 0.7. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Electromed, assuming nothing else is changed. The correlation between historical values of Electromed's Gross Profit and Operating Income 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 Electromed are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Gross Profit i.e., Electromed's Gross Profit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.7
Relationship DirectionPositive 
Relationship StrengthSignificant

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Electromed minus its cost of goods sold. It is profit before Electromed 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.

Operating Income

Operating Income is the amount of profit realized from Electromed 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 Electromed 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.
Most indicators from Electromed's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Electromed 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 Electromed. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For information on how to trade Electromed Stock refer to our How to Trade Electromed Stock guide.At present, Electromed's Enterprise Value Multiple is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Interest Expense25K78K89.7K85.2K
Depreciation And Amortization628K613K705.0K669.7K

Electromed fundamental ratios Correlations

-0.71-0.30.750.860.85-0.740.860.880.770.890.310.80.770.820.760.84-0.790.890.630.760.710.840.86-0.21-0.29
-0.710.24-0.49-0.79-0.60.86-0.76-0.46-0.77-0.6-0.24-0.66-0.77-0.65-0.7-0.760.89-0.59-0.34-0.7-0.16-0.59-0.740.660.29
-0.30.24-0.26-0.21-0.210.22-0.22-0.38-0.19-0.25-1.0-0.32-0.19-0.23-0.07-0.110.22-0.16-0.53-0.16-0.31-0.21-0.230.10.12
0.75-0.49-0.260.880.69-0.440.890.830.420.730.260.930.420.960.570.62-0.590.690.910.50.820.690.92-0.05-0.4
0.86-0.79-0.210.880.73-0.750.990.740.70.760.220.930.70.970.760.83-0.850.750.720.680.580.720.99-0.27-0.35
0.85-0.6-0.210.690.73-0.40.70.870.40.990.210.730.40.750.770.76-0.570.890.660.720.711.00.71-0.33-0.09
-0.740.860.22-0.44-0.75-0.4-0.76-0.39-0.98-0.43-0.22-0.59-0.98-0.58-0.56-0.690.89-0.53-0.23-0.6-0.16-0.38-0.720.390.4
0.86-0.76-0.220.890.990.7-0.760.730.720.730.230.950.720.970.680.76-0.810.730.720.60.610.690.99-0.27-0.46
0.88-0.46-0.380.830.740.87-0.390.730.420.910.380.770.420.80.670.7-0.560.850.830.690.90.870.76-0.03-0.18
0.77-0.77-0.190.420.70.4-0.980.720.420.440.190.551.00.540.550.68-0.830.560.20.590.240.380.69-0.28-0.42
0.89-0.6-0.250.730.760.99-0.430.730.910.440.250.760.440.780.790.79-0.60.90.70.760.750.990.75-0.27-0.07
0.31-0.24-1.00.260.220.21-0.220.230.380.190.250.330.190.230.080.12-0.220.160.540.170.310.210.23-0.1-0.12
0.8-0.66-0.320.930.930.73-0.590.950.770.550.760.330.550.960.570.64-0.640.680.810.490.730.720.95-0.33-0.49
0.77-0.77-0.190.420.70.4-0.980.720.421.00.440.190.550.540.550.68-0.830.560.20.590.240.380.69-0.28-0.42
0.82-0.65-0.230.960.970.75-0.580.970.80.540.780.230.960.540.690.74-0.720.730.830.60.710.740.98-0.18-0.34
0.76-0.7-0.070.570.760.77-0.560.680.670.550.790.080.570.550.690.98-0.790.80.480.940.370.770.72-0.170.2
0.84-0.76-0.110.620.830.76-0.690.760.70.680.790.120.640.680.740.98-0.850.810.490.930.410.750.79-0.190.03
-0.790.890.22-0.59-0.85-0.570.89-0.81-0.56-0.83-0.6-0.22-0.64-0.83-0.72-0.79-0.85-0.67-0.45-0.81-0.26-0.56-0.810.260.2
0.89-0.59-0.160.690.750.89-0.530.730.850.560.90.160.680.560.730.80.81-0.670.630.790.680.890.74-0.14-0.14
0.63-0.34-0.530.910.720.66-0.230.720.830.20.70.540.810.20.830.480.49-0.450.630.450.810.660.760.05-0.23
0.76-0.7-0.160.50.680.72-0.60.60.690.590.760.170.490.590.60.940.93-0.810.790.450.360.720.65-0.150.2
0.71-0.16-0.310.820.580.71-0.160.610.90.240.750.310.730.240.710.370.41-0.260.680.810.360.720.640.11-0.34
0.84-0.59-0.210.690.721.0-0.380.690.870.380.990.210.720.380.740.770.75-0.560.890.660.720.720.7-0.32-0.08
0.86-0.74-0.230.920.990.71-0.720.990.760.690.750.230.950.690.980.720.79-0.810.740.760.650.640.7-0.22-0.39
-0.210.660.1-0.05-0.27-0.330.39-0.27-0.03-0.28-0.27-0.1-0.33-0.28-0.18-0.17-0.190.26-0.140.05-0.150.11-0.32-0.220.32
-0.290.290.12-0.4-0.35-0.090.4-0.46-0.18-0.42-0.07-0.12-0.49-0.42-0.340.20.030.2-0.14-0.230.2-0.34-0.08-0.390.32
Click cells to compare fundamentals

Electromed Account Relationship Matchups

Electromed fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets33.2M37.1M41.4M45.8M52.7M26.4M
Short Long Term Debt Total81.2K87K41K161K144.9K137.7K
Other Current Liab2.4M4.0M(1.5B)6.7M6.0M6.3M
Total Current Liabilities3.0M4.6M7.2M8.1M9.3M9.7M
Total Stockholder Equity30.2M32.4M34.2M37.7M43.3M45.5M
Property Plant And Equipment Net3.9M3.7M4.7M5.7M6.5M3.9M
Net Debt(10.4M)(11.8M)(8.1M)(7.2M)(6.5M)(6.2M)
Retained Earnings13.7M14.9M15.8M18.8M21.6M22.7M
Accounts Payable555.5K685K1.3M1.4M1.6M795.8K
Cash10.5M11.9M8.2M7.4M8.5M5.3M
Non Current Assets Total5.2M5.4M6.8M8.0M9.2M5.4M
Non Currrent Assets Other80.2K88K120M161K185.2K175.9K
Other Assets755K1.1M1.5M1.6M1.8M1.9M
Cash And Short Term Investments10.5M11.9M8.2M7.4M8.5M5.3M
Net Receivables14.1M17.4M21.3M24.6M28.3M29.7M
Common Stock Total Equity84.1K85.7K85K86K98.9K86.6K
Common Stock Shares Outstanding8.8M8.9M8.8M8.7M10.0M8.8M
Liabilities And Stockholders Equity33.2M37.1M41.4M45.8M52.7M26.4M
Non Current Liabilities Total8.9K54K41K86K77.4K73.5K
Inventory3.1M2.1M3.2M4.2M4.9M2.5M
Other Current Assets353.3K276K2.2M1.6M1.8M1.9M
Other Stockholder Equity16.5M17.4M18.3M18.8M21.6M16.1M
Total Liab3.0M4.7M7.2M8.1M9.4M5.4M
Property Plant And Equipment Gross3.8M3.6M4.7M5.7M6.5M3.9M
Total Current Assets28.0M31.7M34.5M37.8M43.5M45.6M
Short Term Debt30.3K72.3K33K80K72K68.4K
Intangible Assets598.4K663K599K605K544.5K517.3K
Common Stock84.1K85.7K85K86K98.9K86.6K
Property Plant Equipment3.9M3.6M4.6M5.7M6.5M3.9M
Current Deferred Revenue(72.3K)(33K)1.5B(80K)(92K)(87.4K)
Net Tangible Assets29.7M31.8M33.6M37.1M42.6M24.2M
Retained Earnings Total Equity13.7M14.9M15.8M18.8M21.6M22.7M
Capital Surpluse16.5M17.4M18.3M18.8M21.6M16.7M
Net Invested Capital30.2M32.4M34.2M37.7M43.3M32.0M
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Electromed in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Electromed's short interest history, or implied volatility extrapolated from Electromed options trading.

Pair Trading with Electromed

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 Electromed 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 Electromed will appreciate offsetting losses from the drop in the long position's value.

Moving against Electromed Stock

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The ability to find closely correlated positions to Electromed could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electromed 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 Electromed - 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 Electromed to buy it.
The correlation of Electromed 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 Electromed moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electromed 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 Electromed 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
When determining whether Electromed is a strong investment it is important to analyze Electromed's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Electromed's future performance. For an informed investment choice regarding Electromed Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electromed. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For information on how to trade Electromed Stock refer to our How to Trade Electromed Stock guide.
You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

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Is Electromed's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Electromed. If investors know Electromed will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Electromed listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.727
Earnings Share
0.45
Revenue Per Share
6.072
Quarterly Revenue Growth
0.167
Return On Assets
0.0721
The market value of Electromed is measured differently than its book value, which is the value of Electromed that is recorded on the company's balance sheet. Investors also form their own opinion of Electromed's value that differs from its market value or its book value, called intrinsic value, which is Electromed's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Electromed's market value can be influenced by many factors that don't directly affect Electromed's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Electromed's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electromed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electromed's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.