Dynatronics Current Ratio vs Operating Income Analysis

DYNT Stock  USD 0.45  0.01  2.27%   
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 Current Ratio and its Operating Income 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.

Current Ratio vs Operating Income

Current Ratio vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dynatronics Current Ratio account and Operating Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Dynatronics' Current Ratio and Operating Income is -0.36. Overlapping area represents the amount of variation of Current Ratio that can explain the historical movement of Operating Income in the same time period over historical financial statements of Dynatronics, assuming nothing else is changed. The correlation between historical values of Dynatronics' Current 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 Current Ratio of Dynatronics 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 Current Ratio i.e., Dynatronics' Current Ratio and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.36
Relationship DirectionNegative 
Relationship StrengthInsignificant

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities.

Operating Income

Operating Income is the amount of profit realized from Dynatronics 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 Dynatronics 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 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.Selling General Administrative is likely to drop to about 10.3 M in 2024. Enterprise Value Multiple is likely to gain to -1.95 in 2024
 2021 2022 2023 2024 (projected)
Gross Profit10.7M10.2M11.7M9.4M
Total Revenue44.3M40.6M46.7M27.0M

Dynatronics fundamental ratios Correlations

0.870.960.40.33-0.640.290.82-0.010.290.890.510.560.85-0.070.890.940.870.870.650.480.580.350.420.770.66
0.870.750.420.65-0.35-0.020.63-0.01-0.020.920.220.320.910.120.90.860.760.720.50.590.770.740.160.550.38
0.960.750.390.09-0.710.370.86-0.160.370.790.60.580.770.00.720.90.890.880.650.420.340.160.470.840.75
0.40.420.39-0.070.160.410.19-0.710.410.59-0.350.570.450.60.340.620.320.57-0.120.250.150.25-0.340.01-0.12
0.330.650.09-0.07-0.04-0.570.160.45-0.570.49-0.04-0.090.54-0.10.660.260.220.130.250.440.850.790.040.1-0.02
-0.64-0.35-0.710.16-0.04-0.09-0.87-0.12-0.09-0.36-0.94-0.5-0.50.23-0.41-0.47-0.7-0.53-0.85-0.13-0.110.19-0.93-0.9-0.96
0.29-0.020.370.41-0.57-0.090.19-0.211.00.150.110.37-0.1-0.060.10.410.190.310.00.01-0.07-0.24-0.020.140.2
0.820.630.860.190.16-0.870.19-0.10.190.70.770.640.670.020.610.720.940.80.750.340.330.170.760.960.89
-0.01-0.01-0.16-0.710.45-0.12-0.21-0.1-0.21-0.120.26-0.49-0.11-0.860.23-0.16-0.18-0.310.260.050.430.110.190.010.1
0.29-0.020.370.41-0.57-0.091.00.19-0.210.150.110.37-0.1-0.060.10.410.190.310.00.01-0.07-0.24-0.020.140.2
0.890.920.790.590.49-0.360.150.7-0.120.150.190.490.850.110.880.920.830.870.430.570.690.620.150.60.39
0.510.220.6-0.35-0.04-0.940.110.770.260.110.190.270.35-0.370.270.340.580.330.880.080.04-0.230.930.840.97
0.560.320.580.57-0.09-0.50.370.64-0.490.370.490.270.430.340.440.540.560.70.260.030.12-0.110.420.490.43
0.850.910.770.450.54-0.5-0.10.67-0.11-0.10.850.350.430.140.820.850.730.70.670.460.580.510.320.590.5
-0.070.120.00.6-0.10.23-0.060.02-0.86-0.060.11-0.370.340.14-0.160.070.080.16-0.280.14-0.180.2-0.26-0.13-0.23
0.890.90.720.340.66-0.410.10.610.230.10.880.270.440.82-0.160.840.670.710.520.50.860.580.250.520.4
0.940.860.90.620.26-0.470.410.72-0.160.410.920.340.540.850.070.840.80.840.570.480.570.420.240.630.53
0.870.760.890.320.22-0.70.190.94-0.180.190.830.580.560.730.080.670.80.890.610.460.390.340.540.910.74
0.870.720.880.570.13-0.530.310.8-0.310.310.870.330.70.70.160.710.840.890.370.350.350.230.30.730.53
0.650.50.65-0.120.25-0.850.00.750.260.00.430.880.260.67-0.280.520.570.610.370.220.320.080.810.760.89
0.480.590.420.250.44-0.130.010.340.050.010.570.080.030.460.140.50.480.460.350.220.540.57-0.020.310.17
0.580.770.340.150.85-0.11-0.070.330.43-0.070.690.040.120.58-0.180.860.570.390.350.320.540.820.060.220.12
0.350.740.160.250.790.19-0.240.170.11-0.240.62-0.23-0.110.510.20.580.420.340.230.080.570.82-0.220.06-0.12
0.420.160.47-0.340.04-0.93-0.020.760.19-0.020.150.930.420.32-0.260.250.240.540.30.81-0.020.06-0.220.790.9
0.770.550.840.010.1-0.90.140.960.010.140.60.840.490.59-0.130.520.630.910.730.760.310.220.060.790.92
0.660.380.75-0.12-0.02-0.960.20.890.10.20.390.970.430.5-0.230.40.530.740.530.890.170.12-0.120.90.92
Click cells to compare fundamentals

Dynatronics Account Relationship Matchups

Dynatronics fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets27.6M39.1M35.4M30.1M34.6M18.1M
Total Current Liabilities7.7M8.5M9.9M7.9M9.1M5.3M
Total Stockholder Equity19.9M25.5M21.7M16.9M19.4M9.7M
Property Plant And Equipment Net8.3M5.8M4.5M310.7K357.3K339.5K
Net Debt(1.3M)(1.2M)3.1M5.1M5.9M3.6M
Retained Earnings(16.3M)(15.1M)(19.8M)(25.5M)(22.9M)(21.8M)
Cash2.3M6.3M701K553K636.0K945.9K
Non Current Assets Total21.5M18.2M16.2M17.6M20.3M21.3M
Non Currrent Assets Other(21.1M)403.8K373.7K6.6M5.9M6.2M
Cash And Short Term Investments2.3M6.3M701K553K636.0K945.9K
Net Receivables4.9M5.6M5.4M3.7M4.3M3.7M
Common Stock Shares Outstanding2.1M3.1M3.6M3.9M4.5M4.7M
Liabilities And Stockholders Equity27.6M39.1M35.4M30.1M34.6M18.1M
Non Current Liabilities Total10.0M5.2M3.8M5.3M6.1M3.6M
Inventory8.4M6.5M12.1M7.4M8.5M5.5M
Other Stockholder Equity27.5M475.0442.0474.0545.1517.84
Total Liab7.7M13.6M13.7M13.2M15.2M8.4M
Total Current Assets16.1M20.9M19.2M12.4M14.3M10.8M
Intangible Assets5.7M4.9M4.2M3.6M4.2M4.4M
Other Current Liab3.5M3.4M2.4M1.9M2.2M1.1M
Accounts Payable3.0M3.7M6.2M4.5M5.2M5.5M
Other Current Assets493K2.5M742.0K741K852.2K886.5K
Short Long Term Debt Total1.0M5.1M3.8M5.6M6.5M5.0M
Short Term Debt1.0M1.2M1.2M1.4M1.6M2.5M
Property Plant And Equipment Gross8.3M5.8M8.5M10.8M12.5M13.1M
Common Stock Total Equity20.2M21.3M27.5M32.6M37.5M39.4M
Common Stock27.5M32.6M33.5M34.4M39.5M41.5M
Other Liab1.4M1.3M1.1M979.0K1.1M1.2M
Other Assets(10.0M)403.9K373.7K829.0K746.1K783.5K
Long Term Debt303.3K129.4K3.5M5.4K4.8K4.6K
Property Plant Equipment8.3M5.8M4.5M6.1M7.0M4.7M
Net Tangible Assets(1.7M)5.5M2.4M(1.9M)(1.7M)(1.6M)
Short Long Term Debt6.7M1.1M13.4K5.4K4.8K4.6K

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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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.
Pair CorrelationCorrelation Matching
When determining whether Dynatronics is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Dynatronics Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Dynatronics Stock. Highlighted below are key reports to facilitate an investment decision about Dynatronics Stock:
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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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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.