Cintas Fixed Asset Turnover from 2010 to 2024

CTAS Stock  USD 221.49  2.74  1.25%   
Cintas Fixed Asset Turnover yearly trend continues to be comparatively stable with very little volatility. Fixed Asset Turnover will likely drop to 3.02 in 2024. From the period from 2010 to 2024, Cintas Fixed Asset Turnover quarterly data regression had r-value of  0.21 and coefficient of variation of  16.21. View All Fundamentals
 
Fixed Asset Turnover  
First Reported
2010-12-31
Previous Quarter
5.57255559
Current Value
3.02
Quarterly Volatility
0.75336721
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Cintas financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cintas' main balance sheet or income statement drivers, such as Depreciation And Amortization of 464.5 M, Interest Expense of 105.8 M or Selling General Administrative of 2.7 B, as well as many indicators such as Price To Sales Ratio of 7.54, Dividend Yield of 0.0073 or PTB Ratio of 16.76. Cintas financial statements analysis is a perfect complement when working with Cintas Valuation or Volatility modules.
  
Check out the analysis of Cintas Correlation against competitors.
For more information on how to buy Cintas Stock please use our How to Invest in Cintas guide.

Latest Cintas' Fixed Asset Turnover Growth Pattern

Below is the plot of the Fixed Asset Turnover of Cintas over the last few years. It is Cintas' Fixed Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Cintas' overall financial position and show how it may be relating to other accounts over time.
Fixed Asset Turnover10 Years Trend
Pretty Stable
   Fixed Asset Turnover   
       Timeline  

Cintas Fixed Asset Turnover Regression Statistics

Arithmetic Mean4.65
Geometric Mean4.58
Coefficient Of Variation16.21
Mean Deviation0.57
Median4.79
Standard Deviation0.75
Sample Variance0.57
Range2.5775
R-Value0.21
Mean Square Error0.58
R-Squared0.05
Significance0.44
Slope0.04
Total Sum of Squares7.95

Cintas Fixed Asset Turnover History

2024 3.02
2023 5.57
2022 5.6
2021 5.26
2020 4.79
2019 4.53
2018 4.82

About Cintas Financial Statements

Cintas shareholders use historical fundamental indicators, such as Fixed Asset Turnover, to determine how well the company is positioned to perform in the future. Although Cintas investors may analyze each financial statement separately, they are all interrelated. The changes in Cintas' assets and liabilities, for example, are also reflected in the revenues and expenses on on Cintas' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Fixed Asset Turnover 5.57  3.02 

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Additional Tools for Cintas Stock Analysis

When running Cintas' price analysis, check to measure Cintas' 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 Cintas is operating at the current time. Most of Cintas' value examination focuses on studying past and present price action to predict the probability of Cintas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cintas' price. Additionally, you may evaluate how the addition of Cintas to your portfolios can decrease your overall portfolio volatility.