Dorman Quick Ratio vs Total Assets Analysis
DORM Stock | USD 88.40 0.49 0.56% |
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 Quick Ratio and its Total Assets 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.
Quick Ratio vs Total Assets
Quick Ratio vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dorman Products Quick Ratio account and Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Dorman Products' Quick Ratio and Total Assets is -0.22. Overlapping area represents the amount of variation of Quick Ratio that can explain the historical movement of Total Assets 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' Quick Ratio and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Quick Ratio of Dorman Products are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Quick Ratio i.e., Dorman Products' Quick Ratio and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.22 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Quick Ratio
A measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities.Total Assets
Total assets refers to the total amount of Dorman Products assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Dorman Products books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.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 19th 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 |
Dorman Products Investors Sentiment
The influence of Dorman Products' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Dorman. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Dorman Products' public news can be used to forecast risks associated with an investment in Dorman. The trend in average sentiment can be used to explain how an investor holding Dorman can time the market purely based on public headlines and social activities around Dorman Products. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Dorman Products' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Dorman Products' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Dorman Products' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Dorman Products.
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 Dorman Products 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, Dorman Products' short interest history, or implied volatility extrapolated from Dorman Products options trading.
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
0.72 | F | Ford Motor Earnings Call This Week | PairCorr |
0.75 | TM | Toyota Motor Financial Report 8th of May 2024 | PairCorr |
Moving against Dorman Stock
0.75 | FUV | Arcimoto | PairCorr |
0.75 | RIVN | Rivian Automotive Financial Report 14th of May 2024 | PairCorr |
0.72 | EGOX | NexteGO NV Ordinary | PairCorr |
0.66 | MULN | Mullen Automotive | PairCorr |
0.62 | 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Dorman Stock analysis
When running Dorman Products' price analysis, check to measure Dorman Products' 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 Dorman Products is operating at the current time. Most of Dorman Products' value examination focuses on studying past and present price action to predict the probability of Dorman Products' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dorman Products' price. Additionally, you may evaluate how the addition of Dorman Products to your portfolios can decrease your overall portfolio volatility.
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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.