Apyx Price to Sales Ratio vs Operating Income Analysis

APYX Stock

USD 1.26 0.06 4.55%

Apyx Medical financial indicator trend analysis is way more than just evaluating Apyx Medical prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Apyx Medical is a good investment. Please check the relationship between Apyx Medical Price To Sales Ratio and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apyx Medical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.

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

Price To Sales Ratio vs Operating Income

Price to Sales Ratio vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Apyx Medical Price to Sales Ratio account and Operating Income. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Apyx Medical's Price to Sales Ratio and Operating Income is -0.13. Overlapping area represents the amount of variation of Price to Sales Ratio that can explain the historical movement of Operating Income in the same time period over historical financial statements of Apyx Medical, assuming nothing else is changed. The correlation between historical values of Apyx Medical's Price to Sales Ratio 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 Price to Sales Ratio of Apyx Medical 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 Price to Sales Ratio i.e., Apyx Medical's Price to Sales Ratio and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.13

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Apyx Medical stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Apyx Medical sales, a figure that is much harder to manipulate than other Apyx Medical multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.

Operating Income

Operating Income is the amount of profit realized from Apyx Medical 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 Apyx Medical 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 Apyx Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Apyx Medical 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Apyx Medical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.

For more information on how to buy Apyx Stock please use our How to Invest in Apyx Medical guide.At this time, Apyx Medical's Selling General Administrative is fairly stable compared to the past year. Discontinued Operations is likely to rise to about 88.8 M in 2024, despite the fact that Tax Provision is likely to grow to (2.2 M).

	2021	2022	2023	2024 (projected)
Gross Profit	33.6M	29.1M	14.1M	12.4M
Total Revenue	48.5M	44.5M	52.3M	26.2M

Gross Profit Total Revenue

Apyx Medical fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Total Assets		0.39	0.54	0.82	0.81	0.32	0.19	-0.6	0.15	0.67	0.82	-0.11	0.41	0.94	0.66	-0.45	-0.05	0.74	0.32	0.11	0.77	0.78	0.5	0.4	1.0	0.54
Short Long Term Debt Total	0.39		0.71	0.46	-0.2	-0.04	-0.44	0.25	-0.68	0.55	0.48	0.04	0.75	0.28	0.3	-0.2	-0.16	0.06	0.97	0.19	0.41	0.56	0.96	0.29	0.37	0.09
Other Current Liab	0.54	0.71		0.65	0.11	-0.02	-0.21	0.17	-0.55	0.7	0.35	-0.23	0.54	0.43	0.48	-0.22	0.09	0.42	0.66	0.32	0.44	0.79	0.74	0.23	0.55	0.16
Total Current Liabilities	0.82	0.46	0.65		0.53	0.23	0.09	-0.54	-0.27	0.95	0.82	-0.23	0.58	0.66	0.89	-0.31	0.14	0.71	0.4	0.21	0.85	0.88	0.62	0.36	0.83	0.33
Total Stockholder Equity	0.81	-0.2	0.11	0.53		0.33	0.43	-0.77	0.63	0.29	0.55	-0.14	-0.06	0.84	0.45	-0.31	0.06	0.73	-0.29	-0.02	0.52	0.44	-0.1	0.23	0.82	0.56
Property Plant And Equipment Net	0.32	-0.04	-0.02	0.23	0.33		0.25	-0.32	0.0	0.26	0.26	0.76	0.28	0.13	0.3	-0.7	-0.75	0.61	0.0	0.71	0.37	0.39	0.07	0.88	0.25	0.24
Current Deferred Revenue	0.19	-0.44	-0.21	0.09	0.43	0.25		-0.51	0.35	0.03	0.15	-0.14	-0.55	0.29	0.0	-0.26	-0.03	0.49	-0.39	-0.27	-0.12	0.14	-0.31	0.06	0.21	0.17
Net Debt	-0.6	0.25	0.17	-0.54	-0.77	-0.32	-0.51		-0.46	-0.35	-0.73	0.17	0.09	-0.6	-0.48	0.19	-0.16	-0.6	0.3	0.22	-0.63	-0.32	0.11	-0.18	-0.61	-0.41
Retained Earnings	0.15	-0.68	-0.55	-0.27	0.63	0.0	0.35	-0.46		-0.49	-0.07	-0.1	-0.59	0.34	-0.27	0.08	0.09	0.04	-0.71	-0.36	-0.11	-0.41	-0.68	-0.23	0.16	0.34
Accounts Payable	0.67	0.55	0.7	0.95	0.29	0.26	0.03	-0.35	-0.49		0.7	-0.13	0.64	0.47	0.82	-0.35	0.04	0.61	0.52	0.34	0.77	0.87	0.71	0.4	0.67	0.25
Cash	0.82	0.48	0.35	0.82	0.55	0.26	0.15	-0.73	-0.07	0.7		-0.12	0.45	0.74	0.65	-0.32	0.03	0.58	0.42	-0.06	0.85	0.69	0.58	0.37	0.82	0.43
Non Current Assets Total	-0.11	0.04	-0.23	-0.23	-0.14	0.76	-0.14	0.17	-0.1	-0.13	-0.12		0.3	-0.28	-0.12	-0.6	-0.91	0.04	0.11	0.68	-0.04	-0.01	0.03	0.64	-0.2	-0.1
Non Currrent Assets Other	0.41	0.75	0.54	0.58	-0.06	0.28	-0.55	0.09	-0.59	0.64	0.45	0.3		0.15	0.65	-0.35	-0.3	0.2	0.72	0.52	0.62	0.6	0.78	0.48	0.37	0.04
Cash And Short Term Investments	0.94	0.28	0.43	0.66	0.84	0.13	0.29	-0.6	0.34	0.47	0.74	-0.28	0.15		0.42	-0.28	0.08	0.62	0.21	-0.14	0.61	0.59	0.36	0.21	0.95	0.58
Net Receivables	0.66	0.3	0.48	0.89	0.45	0.3	0.0	-0.48	-0.27	0.82	0.65	-0.12	0.65	0.42		-0.3	0.11	0.66	0.24	0.28	0.78	0.79	0.45	0.36	0.66	0.19
Good Will	-0.45	-0.2	-0.22	-0.31	-0.31	-0.7	-0.26	0.19	0.08	-0.35	-0.32	-0.6	-0.35	-0.28	-0.3		0.78	-0.47	-0.23	-0.42	-0.32	-0.55	-0.28	-0.49	-0.38	-0.2
Common Stock Total Equity	-0.05	-0.16	0.09	0.14	0.06	-0.75	-0.03	-0.16	0.09	0.04	0.03	-0.91	-0.3	0.08	0.11	0.78		-0.09	-0.25	-0.55	0.0	-0.11	-0.18	-0.61	0.03	-0.06
Common Stock Shares Outstanding	0.74	0.06	0.42	0.71	0.73	0.61	0.49	-0.6	0.04	0.61	0.58	0.04	0.2	0.62	0.66	-0.47	-0.09		-0.01	0.38	0.57	0.8	0.19	0.62	0.73	0.4
Non Current Liabilities Total	0.32	0.97	0.66	0.4	-0.29	0.0	-0.39	0.3	-0.71	0.52	0.42	0.11	0.72	0.21	0.24	-0.23	-0.25	-0.01		0.2	0.35	0.5	0.97	0.31	0.3	0.0
Inventory	0.11	0.19	0.32	0.21	-0.02	0.71	-0.27	0.22	-0.36	0.34	-0.06	0.68	0.52	-0.14	0.28	-0.42	-0.55	0.38	0.2		0.22	0.38	0.23	0.76	0.05	0.01
Other Current Assets	0.77	0.41	0.44	0.85	0.52	0.37	-0.12	-0.63	-0.11	0.77	0.85	-0.04	0.62	0.61	0.78	-0.32	0.0	0.57	0.35	0.22		0.68	0.53	0.44	0.76	0.47
Other Stockholder Equity	0.78	0.56	0.79	0.88	0.44	0.39	0.14	-0.32	-0.41	0.87	0.69	-0.01	0.6	0.59	0.79	-0.55	-0.11	0.8	0.5	0.38	0.68		0.67	0.51	0.77	0.27
Total Liab	0.5	0.96	0.74	0.62	-0.1	0.07	-0.31	0.11	-0.68	0.71	0.58	0.03	0.78	0.36	0.45	-0.28	-0.18	0.19	0.97	0.23	0.53	0.67		0.37	0.48	0.09
Property Plant And Equipment Gross	0.4	0.29	0.23	0.36	0.23	0.88	0.06	-0.18	-0.23	0.4	0.37	0.64	0.48	0.21	0.36	-0.49	-0.61	0.62	0.31	0.76	0.44	0.51	0.37		0.34	0.26
Total Current Assets	1.0	0.37	0.55	0.83	0.82	0.25	0.21	-0.61	0.16	0.67	0.82	-0.2	0.37	0.95	0.66	-0.38	0.03	0.73	0.3	0.05	0.76	0.77	0.48	0.34		0.54
Short Term Debt	0.54	0.09	0.16	0.33	0.56	0.24	0.17	-0.41	0.34	0.25	0.43	-0.1	0.04	0.58	0.19	-0.2	-0.06	0.4	0.0	0.01	0.47	0.27	0.09	0.26	0.54

Click cells to compare fundamentals

Apyx Medical Account Relationship Matchups

Apyx Medical fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	84.7M	74.1M	68.7M	51.8M	79.2M	83.2M
Short Long Term Debt Total	1.1M	676K	305K	796K	38.5M	40.4M
Other Current Liab	1.5M	1.7M	1.9M	8.1M	9.2M	9.6M
Total Current Liabilities	12.2M	9.2M	13.2M	11.9M	12.7M	13.4M
Total Stockholder Equity	71.3M	63.7M	53.7M	37.6M	26.7M	24.4M
Property Plant And Equipment Net	7.6M	7.2M	6.9M	7.6M	7.1M	5.3M
Net Debt	(57.7M)	(41.2M)	(30.6M)	(9.4M)	(5.2M)	(5.4M)
Retained Earnings	14.5M	2.6M	(12.6M)	(35.7M)	(54.4M)	(51.7M)
Accounts Payable	2.4M	1.5M	2.6M	2.7M	2.7M	2.8M
Cash	58.8M	41.9M	30.9M	10.2M	43.7M	45.8M
Non Current Assets Total	8.0M	8.0M	8.0M	8.8M	8.9M	8.2M
Non Currrent Assets Other	391K	807K	1.1M	1.2M	1.7M	1.8M
Cash And Short Term Investments	58.8M	41.9M	30.9M	10.2M	43.7M	45.8M
Net Receivables	9.2M	17.3M	21.2M	18.2M	14.1M	14.8M
Common Stock Shares Outstanding	34.1M	34.2M	34.3M	34.5M	34.6M	22.4M
Liabilities And Stockholders Equity	84.7M	74.1M	68.7M	51.8M	79.2M	83.2M
Non Current Liabilities Total	1.2M	1.1M	1.5M	2.1M	39.6M	41.6M
Inventory	5.1M	4.1M	6.8M	11.8M	9.9M	5.3M
Other Current Assets	3.6M	2.8M	1.9M	2.7M	2.7M	2.9M
Other Stockholder Equity	56.7M	61.1M	66.2M	73.3M	81.1M	85.2M
Total Liab	13.4M	10.3M	14.7M	14.0M	52.3M	54.9M
Property Plant And Equipment Gross	7.5M	7.2M	6.9M	7.6M	10.7M	5.4M
Total Current Assets	76.7M	66.1M	60.7M	43.0M	70.4M	73.9M
Other Assets	191K	1.5M	1.1M	1.2M	1.4M	1.1M
Property Plant Equipment	6.6M	7.2M	6.6M	6.8M	7.8M	5.8M
Net Tangible Assets	71.3M	63.7M	53.7M	37.6M	43.2M	40.5M
Retained Earnings Total Equity	14.5M	2.6M	(12.6M)	(35.7M)	(41.1M)	(39.0M)
Capital Surpluse	56.7M	61.1M	66.2M	73.3M	84.3M	51.5M

Pair Trading with Apyx Medical

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

Moving together with Apyx Stock

0.79	DH	Definitive Healthcare Financial Report 2nd of May 2024	Pair Corr
0.77	GH	Guardant Health Upward Rally	Pair Corr

Moving against Apyx Stock

0.81	AGTI	Agiliti Financial Report 14th of May 2024	Pair Corr
0.73	STIM	Neuronetics Financial Report 14th of May 2024	Pair Corr
0.52	RCM	R1 RCM Inc Sell-off Trend	Pair Corr
0.42	IRIX	IRIDEX Financial Report 9th of May 2024	Pair Corr

The ability to find closely correlated positions to Apyx Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Apyx Medical 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 Apyx Medical - 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 Apyx Medical to buy it.

The correlation of Apyx Medical 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 Apyx Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apyx Medical 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 Apyx Medical 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

When determining whether Apyx Medical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Apyx Medical's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Apyx Medical Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Apyx Medical Stock:

How To Invest In Apyx

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Is Apyx Stock a good investment?

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What is Apyx Medical's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apyx Medical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.

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

You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

Complementary Tools for Apyx Stock analysis

When running Apyx Medical's price analysis, check to measure Apyx Medical'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 Apyx Medical is operating at the current time. Most of Apyx Medical's value examination focuses on studying past and present price action to predict the probability of Apyx Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apyx Medical's price. Additionally, you may evaluate how the addition of Apyx Medical to your portfolios can decrease your overall portfolio volatility.

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Is Apyx Medical'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 Apyx Medical. If investors know Apyx 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 Apyx Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.54)

Revenue Per Share

1.512

Quarterly Revenue Growth

0.163

Return On Assets

(0.19)

Return On Equity

(0.58)

The market value of Apyx Medical is measured differently than its book value, which is the value of Apyx that is recorded on the company's balance sheet. Investors also form their own opinion of Apyx Medical's value that differs from its market value or its book value, called intrinsic value, which is Apyx Medical'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 Apyx Medical's market value can be influenced by many factors that don't directly affect Apyx Medical'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 Apyx Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Apyx Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apyx Medical'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.

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Apyx Price to Sales Ratio vs Operating Income Analysis

Price To Sales Ratio vs Operating Income

Price to Sales Ratio vs Operating Income Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Operating Income

Apyx Medical fundamental ratios Correlations

Apyx Medical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Apyx Medical fundamental ratios Accounts

Pair Trading with Apyx Medical

Moving together with Apyx Stock

Moving against Apyx Stock

Complementary Tools for Apyx Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Non Current Liabilities Total	+ 0.97	Short Long Term Debt Total
Total Liab	+ 0.97	Non Current Liabilities Total
Total Liab	+ 0.96	Short Long Term Debt Total
Accounts Payable	+ 0.95	Total Current Liabilities
Total Current Assets	+ 0.95	Cash And Short Term Investments

Common Stock Total Equity	- 0.91	Non Current Assets Total
Net Debt	- 0.77	Total Stockholder Equity
Common Stock Total Equity	- 0.75	Property Plant And Equipment Net
Cash	- 0.73	Net Debt
Non Current Liabilities Total	- 0.71	Retained Earnings
Good Will	- 0.7	Property Plant And Equipment Net