Pro Interest Income vs Total Operating Expenses Analysis

PDEX Stock  USD 46.96  2.59  5.23%   
Pro Dex financial indicator trend analysis is much more than just breaking down Pro Dex prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pro Dex is a good investment. Please check the relationship between Pro Dex Interest Income and its Total Operating Expenses accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pro Dex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
For more information on how to buy Pro Stock please use our How to Invest in Pro Dex guide.

Interest Income vs Total Operating Expenses

Interest Income vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pro Dex Interest Income account and Total Operating Expenses. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Pro Dex's Interest Income and Total Operating Expenses is -0.5. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Pro Dex, assuming nothing else is changed. The correlation between historical values of Pro Dex's Interest Income and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of Pro Dex are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Interest Income i.e., Pro Dex's Interest Income and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

-0.5
Relationship DirectionNegative 
Relationship StrengthVery Weak

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from Pro Dex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pro Dex 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pro Dex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
For more information on how to buy Pro Stock please use our How to Invest in Pro Dex guide.At this time, Pro Dex's Discontinued Operations is fairly stable compared to the past year. Tax Provision is likely to rise to about 754.4 K in 2024, whereas Selling General Administrative is likely to drop slightly above 3.9 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit13.1M12.7M14.8M7.9M
Total Revenue42.0M46.1M53.8M56.5M

Pro Dex fundamental ratios Correlations

0.950.950.960.980.950.880.950.00.970.210.40.950.220.910.980.210.970.990.92-0.320.590.910.92-0.69-0.21
0.950.860.890.870.990.960.93-0.10.960.190.240.940.080.990.910.190.990.910.86-0.330.620.830.9-0.84-0.19
0.950.860.960.940.880.80.870.00.90.10.410.910.290.810.950.10.920.950.9-0.340.420.920.91-0.56-0.11
0.960.890.960.930.910.870.92-0.170.930.160.280.950.160.830.970.160.950.950.97-0.30.490.960.95-0.6-0.16
0.980.870.940.930.880.780.910.110.920.210.50.890.320.810.960.210.90.980.9-0.320.580.870.87-0.58-0.21
0.950.990.880.910.880.970.93-0.180.980.170.180.950.070.970.920.170.980.910.89-0.350.580.840.92-0.81-0.17
0.880.960.80.870.780.970.88-0.370.950.22-0.020.92-0.040.940.870.220.950.820.86-0.260.570.810.89-0.82-0.22
0.950.930.870.920.910.930.88-0.060.940.230.360.89-0.060.890.930.230.940.920.94-0.40.50.850.94-0.72-0.23
0.0-0.10.0-0.170.11-0.18-0.37-0.06-0.17-0.120.86-0.180.42-0.06-0.09-0.11-0.110.1-0.22-0.160.07-0.13-0.220.110.12
0.970.960.90.930.920.980.950.94-0.170.20.20.930.110.920.960.20.970.920.92-0.310.60.850.92-0.77-0.2
0.210.190.10.160.210.170.220.23-0.120.20.050.220.080.230.231.00.210.220.090.280.120.250.17-0.14-1.0
0.40.240.410.280.50.18-0.020.360.860.20.050.220.380.250.320.050.280.50.21-0.280.090.330.25-0.04-0.05
0.950.940.910.950.890.950.920.89-0.180.930.220.220.190.910.910.220.970.940.89-0.250.520.930.92-0.68-0.22
0.220.080.290.160.320.07-0.04-0.060.420.110.080.380.190.080.210.080.120.29-0.020.360.310.21-0.050.05-0.08
0.910.990.810.830.810.970.940.89-0.060.920.230.250.910.080.850.230.970.880.79-0.30.580.80.86-0.85-0.23
0.980.910.950.970.960.920.870.93-0.090.960.230.320.910.210.850.230.940.960.95-0.30.610.90.91-0.66-0.23
0.210.190.10.160.210.170.220.23-0.110.21.00.050.220.080.230.230.210.220.090.290.120.250.17-0.14-1.0
0.970.990.920.950.90.980.950.94-0.110.970.210.280.970.120.970.940.210.950.9-0.310.560.910.94-0.78-0.21
0.990.910.950.950.980.910.820.920.10.920.220.50.940.290.880.960.220.950.9-0.320.560.920.9-0.63-0.22
0.920.860.90.970.90.890.860.94-0.220.920.090.210.89-0.020.790.950.090.90.9-0.40.50.880.95-0.6-0.09
-0.32-0.33-0.34-0.3-0.32-0.35-0.26-0.4-0.16-0.310.28-0.28-0.250.36-0.3-0.30.29-0.31-0.32-0.4-0.16-0.18-0.370.29-0.28
0.590.620.420.490.580.580.570.50.070.60.120.090.520.310.580.610.120.560.560.5-0.160.360.33-0.63-0.12
0.910.830.920.960.870.840.810.85-0.130.850.250.330.930.210.80.90.250.910.920.88-0.180.360.91-0.52-0.25
0.920.90.910.950.870.920.890.94-0.220.920.170.250.92-0.050.860.910.170.940.90.95-0.370.330.91-0.62-0.17
-0.69-0.84-0.56-0.6-0.58-0.81-0.82-0.720.11-0.77-0.14-0.04-0.680.05-0.85-0.66-0.14-0.78-0.63-0.60.29-0.63-0.52-0.620.14
-0.21-0.19-0.11-0.16-0.21-0.17-0.22-0.230.12-0.2-1.0-0.05-0.22-0.08-0.23-0.23-1.0-0.21-0.22-0.09-0.28-0.12-0.25-0.170.14
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Pro Dex Account Relationship Matchups

Pro Dex fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets31.1M40.3M47.3M51.8M54.2M56.9M
Short Long Term Debt Total6.7M15.2M15.6M14.8M13.5M14.2M
Other Current Liab2.4M2.2M2.8M2.7M3.5M3.7M
Total Current Liabilities5.2M5.9M10.8M9.7M12.9M13.5M
Total Stockholder Equity19.1M20.1M23.7M31.6M30.9M32.4M
Property Plant And Equipment Net5.6M12.9M13.4M13.2M12.7M13.3M
Net Debt263K11.5M14.7M11.9M10.9M11.5M
Retained Earnings7.9M12.3M16.0M24.8M27.0M28.3M
Cash6.4M3.7M849K2.9M2.6M2.2M
Non Current Assets Total8.5M15.3M16.2M20.8M17.9M18.8M
Non Currrent Assets Other40K42K67K34K304K319.2K
Cash And Short Term Investments9.0M5.0M1.6M4.1M6.8M7.2M
Net Receivables5.2M10.9M15.4M10.0M13.9M14.6M
Common Stock Shares Outstanding4.1M3.9M3.8M3.6M3.6M3.1M
Liabilities And Stockholders Equity31.1M40.3M47.3M51.8M54.2M56.9M
Non Current Liabilities Total6.8M14.4M12.8M10.6M10.5M11.0M
Inventory8.2M8.4M12.7M16.2M15.3M16.0M
Total Liab12.1M20.2M23.7M20.2M23.3M24.5M
Total Current Assets22.7M25.0M31.2M31.0M36.3M38.2M
Short Term Debt651K1.2M3.3M4.2M4.8M5.1M
Intangible Assets162K186K118K81K54K51.3K
Other Current Assets300K627K1.5M1.9M345K327.8K
Accounts Payable2.0M2.3M3.8M2.3M4.5M4.7M
Property Plant And Equipment Gross5.6M12.9M13.4M13.2M22.3M23.4M
Common Stock Total Equity19.8M15.8M12.8M8.0M9.1M17.3M
Common Stock12.8M8.0M7.7M6.8M3.9M3.7M
Other Assets301K530K839K42K37.8K35.9K
Property Plant Equipment5.6M3.8M13.4M13.2M15.2M15.9M
Current Deferred Revenue200K150K1.0M453K14K13.3K
Long Term Debt3.3M11.5M10.3M8.9M7.5M7.9M
Short Term Investments2.6M1.3M755K1.1M4.2M4.4M
Other Liab804K397K544K8K9.2K8.7K
Net Tangible Assets18.9M19.9M23.6M31.5M36.2M38.0M
Retained Earnings Total Equity(2.4M)1.7M7.9M12.3M14.2M14.9M
Long Term Debt Total6K3.9M3.3M11.5M13.3M13.9M
Long Term Investments2.4M1.7M1.8M7.5M1.6M1.7M

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