Fonar Corporation

NASDAQ FONR

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Fonar Corporation Current Assets to Total Assets Ratio 2 year CAGR for the quarter ending March 31, 2024: 5.30%

Fonar Corporation Current Assets to Total Assets Ratio 2 year CAGR is 5.30% for the quarter ending March 31, 2024, a 14.51% change year over year. The current assets to total assets ratio measures the proportion of a company's current assets in relation to its total assets. It is calculated by dividing current assets by total assets. This ratio indicates the percentage of a company's total assets that are in the form of current assets, such as cash, receivables, and inventory. It provides insights into the company's liquidity and the extent to which its assets are readily convertible to cash in the short term. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Fonar Corporation Current Assets to Total Assets Ratio for the quarter ending March 31, 2023 was 0.61, a 4.73% change year over year.
  • Fonar Corporation Current Assets to Total Assets Ratio for the quarter ending March 31, 2022 was 0.58, a 4.52% change year over year.
  • Fonar Corporation Current Assets to Total Assets Ratio for the quarter ending March 31, 2021 was 0.56, a 4.76% change year over year.
  • Fonar Corporation Current Assets to Total Assets Ratio for the quarter ending March 31, 2020 was 0.53, a -14.27% change year over year.
NASDAQ: FONR

Fonar Corporation

CEO Mr. Timothy R. Damadian
IPO Date Jan. 1, 1987
Location United States
Headquarters 110 Marcus Drive, Melville, NY, United States, 11747
Employees 561
Sector Healthcare
Industry Diagnostics & research
Description

FONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases in the United States. The company operates in two segments, Medical Equipment, and Physician Management and Diagnostic Services. It provides Upright MRI scanner that allows patients to be scanned in weight-bearing conditions, such as standing, sitting, bending, or lying down. The company also offers non-medical management, including administrative services, billing and collection services, credentialing services, contract negotiations, compliance consulting, purchasing IT services, hiring, conducting interviews, training, supervision and management of non-medical personnel, storage of medical records, office space, equipment, repair maintenance services, accounting, assistance with compliance matters, and development and implementation of practice growth and marketing strategies. It owns and operates diagnostic imaging facilities in Florida; and manages MRI scanning facilities. The company markets its scanners to private diagnostic imaging centers and hospital outpatient imaging facilities. FONAR Corporation was founded in 1970 and is based in Melville, New York.

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StockViz Staff

September 19, 2024

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