Dorman Products Stock Current Ratio
DORM Stock | USD 90.73 1.71 1.92% |
Dorman Products fundamentals help investors to digest information that contributes to Dorman Products' financial success or failures. It also enables traders to predict the movement of Dorman Stock. The fundamental analysis module provides a way to measure Dorman Products' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Dorman Products stock.
Dorman |
Dorman Products Company Current Ratio Analysis
Dorman Products' Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Dorman Products Current Ratio | 1.75 X |
Most of Dorman Products' fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Dorman Products is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Competition |
In accordance with the recently published financial statements, Dorman Products has a Current Ratio of 1.75 times. This is 22.91% lower than that of the Automobile Components sector and about the same as Consumer Discretionary (which currently averages 1.77) industry. The current ratio for all United States stocks is 18.98% higher than that of the company.
Dorman Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Dorman Products' direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Dorman Products could also be used in its relative valuation, which is a method of valuing Dorman Products by comparing valuation metrics of similar companies.Dorman Products is currently under evaluation in current ratio category among related companies.
Dorman Fundamentals
Return On Equity | 0.12 | ||||
Return On Asset | 0.0701 | ||||
Profit Margin | 0.07 % | ||||
Operating Margin | 0.14 % | ||||
Current Valuation | 3.37 B | ||||
Shares Outstanding | 31.03 M | ||||
Shares Owned By Insiders | 16.14 % | ||||
Shares Owned By Institutions | 79.93 % | ||||
Number Of Shares Shorted | 385.53 K | ||||
Price To Earning | 25.10 X | ||||
Price To Book | 2.39 X | ||||
Price To Sales | 1.45 X | ||||
Revenue | 1.93 B | ||||
Gross Profit | 564.45 M | ||||
EBITDA | 264.39 M | ||||
Net Income | 129.26 M | ||||
Cash And Equivalents | 35.44 M | ||||
Cash Per Share | 1.13 X | ||||
Total Debt | 683.8 M | ||||
Debt To Equity | 0.31 % | ||||
Current Ratio | 1.75 X | ||||
Book Value Per Share | 37.32 X | ||||
Cash Flow From Operations | 208.76 M | ||||
Short Ratio | 3.33 X | ||||
Earnings Per Share | 4.10 X | ||||
Price To Earnings To Growth | 1.37 X | ||||
Target Price | 97.67 | ||||
Number Of Employees | 3.87 K | ||||
Beta | 0.81 | ||||
Market Capitalization | 2.71 B | ||||
Total Asset | 2.29 B | ||||
Retained Earnings | 1.07 B | ||||
Working Capital | 686.56 M | ||||
Current Asset | 478.63 M | ||||
Current Liabilities | 98.57 M | ||||
Net Asset | 2.29 B |
About Dorman Products Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Dorman Products's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dorman Products using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dorman Products based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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
0.63 | GM | General Motors | PairCorr |
Moving against Dorman Stock
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0.51 | QS | Quantumscape Corp | PairCorr |
0.47 | LCID | Lucid Group Earnings Call This Week | 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 Dorman Products Piotroski F Score and Dorman Products Altman Z Score analysis. To learn how to invest in Dorman Stock, please use our How to Invest in Dorman Products guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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.
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.