Quest Fixed Asset Turnover from 2010 to 2024

DGX Stock  USD 163.89  2.57  1.59%   
Quest Diagnostics Fixed Asset Turnover yearly trend continues to be fairly stable with very little volatility. Fixed Asset Turnover will likely drop to 3.63 in 2024. During the period from 2010 to 2024, Quest Diagnostics Fixed Asset Turnover regression line of annual values had r-squared of  0.69 and arithmetic mean of  6.27. View All Fundamentals
 
Fixed Asset Turnover  
First Reported
2010-12-31
Previous Quarter
3.82630273
Current Value
3.63
Quarterly Volatility
2.17633287
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Quest Diagnostics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Quest Diagnostics' main balance sheet or income statement drivers, such as Depreciation And Amortization of 265.1 M, Interest Expense of 99.3 M or Selling General Administrative of 1.5 B, as well as many indicators such as Price To Sales Ratio of 1.13, Dividend Yield of 0.0214 or PTB Ratio of 3.0. Quest financial statements analysis is a perfect complement when working with Quest Diagnostics Valuation or Volatility modules.
  
Check out the analysis of Quest Diagnostics Correlation against competitors.

Latest Quest Diagnostics' Fixed Asset Turnover Growth Pattern

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

Quest Fixed Asset Turnover Regression Statistics

Arithmetic Mean6.27
Geometric Mean5.92
Coefficient Of Variation34.69
Mean Deviation1.90
Median5.85
Standard Deviation2.18
Sample Variance4.74
Range6.1379
R-Value(0.83)
Mean Square Error1.60
R-Squared0.69
Significance0.0001
Slope(0.40)
Total Sum of Squares66.31

Quest Fixed Asset Turnover History

2024 3.63
2023 3.83
2022 4.2
2021 4.68
2020 4.23
2019 3.92
2018 5.85

About Quest Diagnostics Financial Statements

Quest Diagnostics investors use historical fundamental indicators, such as Quest Diagnostics' Fixed Asset Turnover, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Quest Diagnostics. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Fixed Asset Turnover 3.83  3.63 

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Additional Tools for Quest Stock Analysis

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