Dorman Market Capitalization vs Operating Income Analysis
DORM Stock | USD 87.91 0.09 0.10% |
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 Market Cap and its Operating Income 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.
Market Cap vs Operating Income
Market Capitalization vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dorman Products Market Capitalization account and Operating Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Dorman Products' Market Capitalization and Operating Income is 0.68. Overlapping area represents the amount of variation of Market Capitalization that can explain the historical movement of Operating Income 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' Market Capitalization 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 Market Capitalization of Dorman Products 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 Market Capitalization i.e., Dorman Products' Market Capitalization and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.68 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Market Cap
Operating Income
Operating Income is the amount of profit realized from Dorman Products 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 Dorman Products 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 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 18th 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 Profit | 462.9M | 564.5M | 685.4M | 719.7M | Total Revenue | 1.3B | 1.7B | 1.9B | 2.0B |
Dorman Products fundamental ratios Correlations
Click cells to compare fundamentals
Dorman Products Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dorman Products fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.0B | 1.2B | 1.7B | 2.3B | 2.3B | 2.4B | |
Other Current Liab | 130.1M | 204.8M | 248.3M | 246.6M | 245.2M | 257.4M | |
Total Current Liabilities | 220.5M | 322.6M | 665.0M | 678.3M | 547.2M | 574.5M | |
Total Stockholder Equity | 773.6M | 853.6M | 932.7M | 1.0B | 1.2B | 1.2B | |
Property Plant And Equipment Net | 134.0M | 130.0M | 173.9M | 258.5M | 263.6M | 276.8M | |
Net Debt | (38.6M) | (118.5M) | 233.0M | 786.5M | 647.0M | 679.3M | |
Retained Earnings | 720.7M | 789.2M | 856.4M | 956.9M | 1.1B | 1.1B | |
Non Current Assets Total | 286.5M | 297.7M | 596.5M | 1.1B | 1.1B | 1.1B | |
Net Receivables | 391.8M | 460.9M | 472.8M | 427.4M | 526.9M | 553.2M | |
Common Stock Shares Outstanding | 32.7M | 32.4M | 32.0M | 31.5M | 31.5M | 37.2M | |
Liabilities And Stockholders Equity | 1.0B | 1.2B | 1.7B | 2.3B | 2.3B | 2.4B | |
Non Current Liabilities Total | 47.0M | 44.5M | 75.3M | 620.9M | 577.1M | 605.9M | |
Inventory | 280.8M | 298.7M | 532.0M | 755.9M | 637.4M | 669.2M | |
Other Current Assets | 13.6M | 7.8M | 13.0M | 39.8M | 32.7M | 34.3M | |
Other Stockholder Equity | 52.6M | 64.1M | 77.5M | 88.8M | 101.0M | 56.9M | |
Total Liab | 267.5M | 367.1M | 740.4M | 1.3B | 1.1B | 1.2B | |
Property Plant And Equipment Gross | 134.0M | 91.0M | 173.9M | 258.5M | 504.2M | 529.4M | |
Total Current Assets | 754.6M | 922.9M | 1.1B | 1.3B | 1.2B | 1.3B | |
Accounts Payable | 90.4M | 117.9M | 177.4M | 179.8M | 176.7M | 185.5M | |
Non Currrent Assets Other | 33.0M | 30.5M | 46.5M | 48.8M | 38.9M | 40.8M | |
Cash | 68.4M | 155.6M | 58.8M | 46.0M | 36.8M | 35.7M | |
Cash And Short Term Investments | 68.4M | 155.6M | 58.8M | 46.0M | 36.8M | 36.0M | |
Intangible Assets | 21.3M | 25.2M | 178.8M | 322.4M | 301.6M | 316.6M | |
Common Stock Total Equity | 326K | 322K | 316K | 314K | 361.1K | 250.6K | |
Common Stock | 326K | 322K | 316K | 314K | 313K | 240.1K | |
Good Will | 74.5M | 91.1M | 197.3M | 443.0M | 443.9M | 466.1M | |
Other Assets | 37.4M | 90.4M | 46.5M | 39.4M | 45.3M | 47.5M | |
Property Plant Equipment | 134.0M | 91.0M | 173.9M | 148.5M | 170.7M | 179.3M | |
Other Liab | 17.3M | 7.4M | 22.9M | 40.2M | 46.2M | 48.5M | |
Net Tangible Assets | 677.8M | 774.4M | 556.6M | 375.4M | 431.7M | 553.0M | |
Capital Surpluse | 52.6M | 64.1M | 77.5M | 88.8M | 102.1M | 57.5M | |
Non Current Liabilities Other | 13.3M | 3.6M | 4.9M | 28.3M | 9.6M | 9.8M |
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.Moving together with Dorman Stock
0.73 | F | Ford Motor Earnings Call This Week | PairCorr |
0.76 | TM | Toyota Motor Financial Report 8th of May 2024 | PairCorr |
Moving against Dorman Stock
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0.69 | MULN | Mullen Automotive | PairCorr |
0.65 | VFSWW | VinFast Auto | PairCorr |
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.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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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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.