Dynatronics Asset Turnover vs Working Capital Analysis
DYNT Stock | USD 0.56 0.03 5.08% |
Dynatronics financial indicator trend analysis is much more than just examining Dynatronics latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dynatronics is a good investment. Please check the relationship between Dynatronics Asset Turnover and its Working Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dynatronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Dynatronics Stock please use our How to Invest in Dynatronics guide.
Asset Turnover vs Working Capital
Asset Turnover vs Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dynatronics Asset Turnover account and Working Capital. At this time, the significance of the direction appears to have no relationship.
The correlation between Dynatronics' Asset Turnover and Working Capital is 0.0. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Working Capital in the same time period over historical financial statements of Dynatronics, assuming nothing else is changed. The correlation between historical values of Dynatronics' Asset Turnover and Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Dynatronics are associated (or correlated) with its Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Working Capital has no effect on the direction of Asset Turnover i.e., Dynatronics' Asset Turnover and Working Capital go up and down completely randomly.
Correlation Coefficient | 0.0 |
Relationship Direction | Flat |
Relationship Strength | Insignificant |
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Working Capital
The difference between a company’s current assets and current liabilities, indicating the liquidity and operational efficiency of the business.Most indicators from Dynatronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dynatronics 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 Dynatronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Dynatronics Stock please use our How to Invest in Dynatronics guide.Enterprise Value is likely to gain to about 9.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 10.3 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 10.7M | 10.2M | 11.7M | 9.4M | Total Revenue | 44.3M | 40.6M | 46.7M | 27.0M |
Dynatronics fundamental ratios Correlations
Click cells to compare fundamentals
Dynatronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dynatronics fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 27.6M | 39.1M | 35.4M | 30.1M | 34.6M | 18.1M | |
Total Current Liabilities | 7.7M | 8.5M | 9.9M | 7.9M | 9.1M | 5.3M | |
Total Stockholder Equity | 19.9M | 25.5M | 21.7M | 16.9M | 19.4M | 9.7M | |
Property Plant And Equipment Net | 8.3M | 5.8M | 4.5M | 310.7K | 357.3K | 339.5K | |
Net Debt | (1.3M) | (1.2M) | 3.1M | 5.1M | 5.9M | 3.6M | |
Retained Earnings | (16.3M) | (15.1M) | (19.8M) | (25.5M) | (22.9M) | (21.8M) | |
Cash | 2.3M | 6.3M | 701K | 553K | 636.0K | 945.9K | |
Non Current Assets Total | 21.5M | 18.2M | 16.2M | 17.6M | 20.3M | 21.3M | |
Non Currrent Assets Other | (21.1M) | 403.8K | 373.7K | 6.6M | 5.9M | 6.2M | |
Cash And Short Term Investments | 2.3M | 6.3M | 701K | 553K | 636.0K | 945.9K | |
Net Receivables | 4.9M | 5.6M | 5.4M | 3.7M | 4.3M | 3.7M | |
Common Stock Shares Outstanding | 2.1M | 3.1M | 3.6M | 3.9M | 4.5M | 4.7M | |
Liabilities And Stockholders Equity | 27.6M | 39.1M | 35.4M | 30.1M | 34.6M | 18.1M | |
Non Current Liabilities Total | 10.0M | 5.2M | 3.8M | 5.3M | 6.1M | 3.6M | |
Inventory | 8.4M | 6.5M | 12.1M | 7.4M | 8.5M | 5.5M | |
Other Stockholder Equity | 27.5M | 475.0 | 442.0 | 474.0 | 545.1 | 517.84 | |
Total Liab | 7.7M | 13.6M | 13.7M | 13.2M | 15.2M | 8.4M | |
Total Current Assets | 16.1M | 20.9M | 19.2M | 12.4M | 14.3M | 10.8M | |
Intangible Assets | 5.7M | 4.9M | 4.2M | 3.6M | 4.2M | 4.4M | |
Other Current Liab | 3.5M | 3.4M | 2.4M | 1.9M | 2.2M | 1.1M | |
Accounts Payable | 3.0M | 3.7M | 6.2M | 4.5M | 5.2M | 5.5M | |
Other Current Assets | 493K | 2.5M | 742.0K | 741K | 852.2K | 886.5K | |
Short Long Term Debt Total | 1.0M | 5.1M | 3.8M | 5.6M | 6.5M | 5.0M | |
Short Term Debt | 1.0M | 1.2M | 1.2M | 1.4M | 1.6M | 2.5M | |
Property Plant And Equipment Gross | 8.3M | 5.8M | 8.5M | 10.8M | 12.5M | 13.1M | |
Common Stock Total Equity | 20.2M | 21.3M | 27.5M | 32.6M | 37.5M | 39.4M | |
Common Stock | 27.5M | 32.6M | 33.5M | 34.4M | 39.5M | 41.5M | |
Other Liab | 1.4M | 1.3M | 1.1M | 979.0K | 1.1M | 1.2M | |
Other Assets | (10.0M) | 403.9K | 373.7K | 829.0K | 746.1K | 783.5K | |
Long Term Debt | 303.3K | 129.4K | 3.5M | 5.4K | 4.8K | 4.6K | |
Property Plant Equipment | 8.3M | 5.8M | 4.5M | 6.1M | 7.0M | 4.7M | |
Net Tangible Assets | (1.7M) | 5.5M | 2.4M | (1.9M) | (1.7M) | (1.6M) | |
Short Long Term Debt | 6.7M | 1.1M | 13.4K | 5.4K | 4.8K | 4.6K |
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 Dynatronics 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, Dynatronics' short interest history, or implied volatility extrapolated from Dynatronics options trading.
Pair Trading with Dynatronics
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 Dynatronics 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 Dynatronics will appreciate offsetting losses from the drop in the long position's value.Moving against Dynatronics Stock
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0.54 | FEMY | Femasys Financial Report 9th of May 2024 | PairCorr |
0.5 | COO | Cooper Companies Financial Report 6th of June 2024 | PairCorr |
The ability to find closely correlated positions to Dynatronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dynatronics 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 Dynatronics - 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 Dynatronics to buy it.
The correlation of Dynatronics 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 Dynatronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dynatronics 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 Dynatronics 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 Dynatronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Dynatronics Stock please use our How to Invest in Dynatronics guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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When running Dynatronics' price analysis, check to measure Dynatronics' 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 Dynatronics is operating at the current time. Most of Dynatronics' value examination focuses on studying past and present price action to predict the probability of Dynatronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dynatronics' price. Additionally, you may evaluate how the addition of Dynatronics to your portfolios can decrease your overall portfolio volatility.
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Is Dynatronics' 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 Dynatronics. If investors know Dynatronics 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 Dynatronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.40) | Revenue Per Share 8.392 | Quarterly Revenue Growth (0.25) | Return On Assets (0.09) | Return On Equity (0.28) |
The market value of Dynatronics is measured differently than its book value, which is the value of Dynatronics that is recorded on the company's balance sheet. Investors also form their own opinion of Dynatronics' value that differs from its market value or its book value, called intrinsic value, which is Dynatronics' 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 Dynatronics' market value can be influenced by many factors that don't directly affect Dynatronics' 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 Dynatronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Dynatronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dynatronics' 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.