Dorman Cost of Revenue vs Inventory Turnover Analysis

DORM Stock  USD 90.22  1.43  1.61%   
Dorman Products financial indicator trend analysis is much more than just examining Dorman Products latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dorman Products is a good investment. Please check the relationship between Dorman Products Cost Of Revenue and its Inventory Turnover accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dorman Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in Dorman Stock, please use our How to Invest in Dorman Products guide.

Cost Of Revenue vs Inventory Turnover

Cost of Revenue vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dorman Products Cost of Revenue account and Inventory Turnover. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Dorman Products' Cost of Revenue and Inventory Turnover is -0.28. Overlapping area represents the amount of variation of Cost of Revenue that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of Dorman Products, assuming nothing else is changed. The correlation between historical values of Dorman Products' Cost of Revenue and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost of Revenue of Dorman Products are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Cost of Revenue i.e., Dorman Products' Cost of Revenue and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

-0.28
Relationship DirectionNegative 
Relationship StrengthInsignificant

Cost Of Revenue

Cost of Revenue is found on Dorman Products income statement and represents the costs associated with goods and services Dorman Products provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
Most indicators from Dorman Products' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dorman Products 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 Dorman Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in Dorman Stock, please use our How to Invest in Dorman Products guide.At this time, Dorman Products' Selling General Administrative is very stable compared to the past year. As of the 23rd of April 2024, Tax Provision is likely to grow to about 33.4 M, while Enterprise Value Over EBITDA is likely to drop 8.02.
 2021 2022 2023 2024 (projected)
Gross Profit462.9M564.5M685.4M719.7M
Total Revenue1.3B1.7B1.9B2.0B

Dorman Products fundamental ratios Correlations

0.920.940.950.950.990.890.950.980.92-0.60.90.990.610.060.970.90.980.810.970.71-0.02-0.020.930.150.12
0.920.820.870.780.920.990.770.970.71-0.360.980.940.73-0.010.980.880.840.840.830.51-0.27-0.270.990.0-0.06
0.940.820.970.890.920.790.890.890.92-0.60.770.920.5-0.090.920.780.950.810.930.620.060.060.840.060.04
0.950.870.970.870.920.850.870.920.88-0.60.80.960.54-0.030.950.770.940.930.950.67-0.04-0.040.890.080.07
0.950.780.890.870.960.721.00.890.98-0.710.760.920.470.170.860.840.980.670.970.810.170.170.780.30.29
0.990.920.920.920.960.880.950.980.92-0.580.90.980.620.10.960.920.970.780.950.7-0.02-0.020.920.180.15
0.890.990.790.850.720.880.710.950.65-0.30.970.910.74-0.10.960.870.790.830.790.46-0.39-0.380.99-0.07-0.14
0.950.770.890.871.00.950.710.890.98-0.710.750.920.450.170.860.840.980.670.970.820.180.180.770.30.3
0.980.970.890.920.890.980.950.890.84-0.480.960.980.660.010.990.930.930.820.920.64-0.16-0.160.970.060.01
0.920.710.920.880.980.920.650.980.84-0.710.680.880.410.070.820.790.970.650.950.760.210.210.720.260.26
-0.6-0.36-0.6-0.6-0.71-0.58-0.3-0.71-0.48-0.71-0.3-0.6-0.14-0.26-0.48-0.31-0.69-0.48-0.69-0.75-0.39-0.39-0.35-0.48-0.52
0.90.980.770.80.760.90.970.750.960.68-0.30.90.75-0.030.950.910.810.720.780.46-0.27-0.270.96-0.01-0.09
0.990.940.920.960.920.980.910.920.980.88-0.60.90.640.040.980.860.960.870.960.7-0.1-0.090.940.160.13
0.610.730.50.540.470.620.740.450.660.41-0.140.750.64-0.010.680.620.540.540.50.05-0.38-0.380.710.210.12
0.06-0.01-0.09-0.030.170.1-0.10.170.010.07-0.26-0.030.04-0.01-0.030.030.1-0.030.10.210.470.47-0.030.610.65
0.970.980.920.950.860.960.960.860.990.82-0.480.950.980.68-0.030.880.920.870.910.59-0.16-0.160.980.03-0.01
0.90.880.780.770.840.920.870.840.930.79-0.310.910.860.620.030.880.830.610.820.52-0.19-0.190.890.07-0.01
0.980.840.950.940.980.970.790.980.930.97-0.690.810.960.540.10.920.830.780.980.750.120.130.840.240.23
0.810.840.810.930.670.780.830.670.820.65-0.480.720.870.54-0.030.870.610.780.820.55-0.21-0.210.86-0.01-0.01
0.970.830.930.950.970.950.790.970.920.95-0.690.780.960.50.10.910.820.980.820.80.060.060.850.240.23
0.710.510.620.670.810.70.460.820.640.76-0.750.460.70.050.210.590.520.750.550.80.180.180.50.210.28
-0.02-0.270.06-0.040.17-0.02-0.390.18-0.160.21-0.39-0.27-0.1-0.380.47-0.16-0.190.12-0.210.060.181.0-0.290.330.42
-0.02-0.270.06-0.040.17-0.02-0.380.18-0.160.21-0.39-0.27-0.09-0.380.47-0.16-0.190.13-0.210.060.181.0-0.280.330.42
0.930.990.840.890.780.920.990.770.970.72-0.350.960.940.71-0.030.980.890.840.860.850.5-0.29-0.28-0.02-0.09
0.150.00.060.080.30.18-0.070.30.060.26-0.48-0.010.160.210.610.030.070.24-0.010.240.210.330.33-0.020.98
0.12-0.060.040.070.290.15-0.140.30.010.26-0.52-0.090.130.120.65-0.01-0.010.23-0.010.230.280.420.42-0.090.98
Click cells to compare fundamentals

Dorman Products Account Relationship Matchups

Dorman Products fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.0B1.2B1.7B2.3B2.3B2.4B
Other Current Liab130.1M204.8M248.3M246.6M245.2M257.4M
Total Current Liabilities220.5M322.6M665.0M678.3M547.2M574.5M
Total Stockholder Equity773.6M853.6M932.7M1.0B1.2B1.2B
Property Plant And Equipment Net134.0M130.0M173.9M258.5M263.6M276.8M
Net Debt(38.6M)(118.5M)233.0M786.5M647.0M679.3M
Retained Earnings720.7M789.2M856.4M956.9M1.1B1.1B
Non Current Assets Total286.5M297.7M596.5M1.1B1.1B1.1B
Net Receivables391.8M460.9M472.8M427.4M526.9M553.2M
Common Stock Shares Outstanding32.7M32.4M32.0M31.5M31.5M37.2M
Liabilities And Stockholders Equity1.0B1.2B1.7B2.3B2.3B2.4B
Non Current Liabilities Total47.0M44.5M75.3M620.9M577.1M605.9M
Inventory280.8M298.7M532.0M755.9M637.4M669.2M
Other Current Assets13.6M7.8M13.0M39.8M32.7M34.3M
Other Stockholder Equity52.6M64.1M77.5M88.8M101.0M56.9M
Total Liab267.5M367.1M740.4M1.3B1.1B1.2B
Property Plant And Equipment Gross134.0M91.0M173.9M258.5M504.2M529.4M
Total Current Assets754.6M922.9M1.1B1.3B1.2B1.3B
Accounts Payable90.4M117.9M177.4M179.8M176.7M185.5M
Non Currrent Assets Other33.0M30.5M46.5M48.8M38.9M40.8M
Cash68.4M155.6M58.8M46.0M36.8M35.7M
Cash And Short Term Investments68.4M155.6M58.8M46.0M36.8M36.0M
Intangible Assets21.3M25.2M178.8M322.4M301.6M316.6M
Common Stock Total Equity326K322K316K314K361.1K250.6K
Common Stock326K322K316K314K313K240.1K
Good Will74.5M91.1M197.3M443.0M443.9M466.1M
Other Assets37.4M90.4M46.5M39.4M45.3M47.5M
Property Plant Equipment134.0M91.0M173.9M148.5M170.7M179.3M
Other Liab17.3M7.4M22.9M40.2M46.2M48.5M
Net Tangible Assets677.8M774.4M556.6M375.4M431.7M553.0M
Capital Surpluse52.6M64.1M77.5M88.8M102.1M57.5M
Non Current Liabilities Other13.3M3.6M4.9M28.3M9.6M9.8M

Pair Trading with Dorman Products

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

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The ability to find closely correlated positions to Dorman Products could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dorman Products 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 Dorman Products - 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 Dorman Products to buy it.
The correlation of Dorman Products 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 Dorman Products moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dorman Products 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 Dorman Products 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 Dorman Products is a strong investment it is important to analyze Dorman Products' 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 Dorman Products' future performance. For an informed investment choice regarding Dorman Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dorman Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in Dorman Stock, please use our How to Invest in Dorman Products guide.
You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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Is Dorman Products' 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 Dorman Products. If investors know Dorman 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 Dorman Products 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
1.855
Earnings Share
4.1
Revenue Per Share
61.351
Quarterly Revenue Growth
(0.01)
Return On Assets
0.0701
The market value of Dorman Products is measured differently than its book value, which is the value of Dorman that is recorded on the company's balance sheet. Investors also form their own opinion of Dorman Products' value that differs from its market value or its book value, called intrinsic value, which is Dorman Products' 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 Dorman Products' market value can be influenced by many factors that don't directly affect Dorman Products' 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 Dorman Products' value and its price as these two are different measures arrived at by different means. Investors typically determine if Dorman Products is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dorman Products' 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.