Fonar Corporation

NASDAQ FONR

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Fonar Corporation Sales to Fixed Assets Ratio for the year ending June 30, 2023: 1.76

Fonar Corporation Sales to Fixed Assets Ratio is 1.76 for the year ending June 30, 2023, a 3.78% change year over year. Sales to fixed assets ratio measures the revenue generated by a company relative to its fixed assets, such as property, plant, and equipment. It is calculated by dividing the revenue by the net value of fixed assets. This ratio provides insights into the efficiency of the company's fixed assets in generating sales revenue. A higher sales to fixed assets ratio suggests better sales generation from fixed assets and efficient utilization of physical infrastructure.
  • Fonar Corporation Sales to Fixed Assets Ratio for the year ending June 30, 2022 was 1.70, a 0.34% change year over year.
  • Fonar Corporation Sales to Fixed Assets Ratio for the year ending June 30, 2021 was 1.69, a 6.87% change year over year.
  • Fonar Corporation Sales to Fixed Assets Ratio for the year ending June 30, 2020 was 1.58, a -69.13% change year over year.
  • Fonar Corporation Sales to Fixed Assets Ratio for the year ending June 30, 2019 was 5.13, a 3.86% 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 20, 2024

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