Nordic Operating Cycle from 2010 to 2024

NAT Stock  USD 2.95  0.02  0.67%   
Nordic American Operating Cycle yearly trend continues to be comparatively stable with very little volatility. Operating Cycle is likely to outpace its year average in 2024. From the period from 2010 to 2024, Nordic American Operating Cycle quarterly data regression had r-value of  0.38 and coefficient of variation of  67.86. View All Fundamentals
 
Operating Cycle  
First Reported
2010-12-31
Previous Quarter
163.29099306
Current Value
171.46
Quarterly Volatility
47.12075701
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Nordic American financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nordic American's main balance sheet or income statement drivers, such as Depreciation And Amortization of 48.7 M, Interest Expense of 32 M or Selling General Administrative of 11.5 M, as well as many indicators such as Price To Sales Ratio of 2.13, Dividend Yield of 0.12 or PTB Ratio of 1.19. Nordic financial statements analysis is a perfect complement when working with Nordic American Valuation or Volatility modules.
  
Check out the analysis of Nordic American Correlation against competitors.

Latest Nordic American's Operating Cycle Growth Pattern

Below is the plot of the Operating Cycle of Nordic American Tankers over the last few years. It is Nordic American's Operating Cycle historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Nordic American's overall financial position and show how it may be relating to other accounts over time.
Operating Cycle10 Years Trend
Slightly volatile
   Operating Cycle   
       Timeline  

Nordic Operating Cycle Regression Statistics

Arithmetic Mean69.43
Geometric Mean58.82
Coefficient Of Variation67.86
Mean Deviation35.26
Median53.08
Standard Deviation47.12
Sample Variance2,220
Range147
R-Value0.38
Mean Square Error2,044
R-Squared0.15
Significance0.16
Slope4.02
Total Sum of Squares31,085

Nordic Operating Cycle History

2024 171.46
2023 163.29
2022 54.66
2021 46.3
2020 34.23
2019 58.47
2018 52.73

About Nordic American Financial Statements

Nordic American shareholders use historical fundamental indicators, such as Operating Cycle, to determine how well the company is positioned to perform in the future. Although Nordic American investors may analyze each financial statement separately, they are all interrelated. The changes in Nordic American's assets and liabilities, for example, are also reflected in the revenues and expenses on on Nordic American's 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
Operating Cycle 163.29  171.46 

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Nordic Stock Analysis

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