NeoVolta Asset Turnover from 2010 to 2024

NEOV Stock  USD 5.80  0.31  5.65%   
NeoVolta Common Asset Turnover yearly trend continues to be fairly stable with very little volatility. Asset Turnover is likely to outpace its year average in 2024. Asset Turnover is the ratio of net sales to average total assets, indicating how efficiently NeoVolta Common Stock uses its assets to generate sales. View All Fundamentals
 
Asset Turnover  
First Reported
2010-12-31
Previous Quarter
0.568035
Current Value
0.94
Quarterly Volatility
0.26407322
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check NeoVolta Common financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NeoVolta Common's main balance sheet or income statement drivers, such as Interest Expense of 0.0, Depreciation And Amortization of 32 K or Selling General Administrative of 4.2 M, as well as many indicators such as Price To Sales Ratio of 18.82, Dividend Yield of 0.0 or PTB Ratio of 12.51. NeoVolta financial statements analysis is a perfect complement when working with NeoVolta Common Valuation or Volatility modules.
  
Check out the analysis of NeoVolta Common Correlation against competitors.

Latest NeoVolta Common's Asset Turnover Growth Pattern

Below is the plot of the Asset Turnover of NeoVolta Common Stock over the last few years. It is the ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales. NeoVolta Common's Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in NeoVolta Common's overall financial position and show how it may be relating to other accounts over time.
Asset Turnover10 Years Trend
Slightly volatile
   Asset Turnover   
       Timeline  

NeoVolta Asset Turnover Regression Statistics

Arithmetic Mean0.70
Geometric Mean0.67
Coefficient Of Variation37.68
Mean Deviation0.19
Median0.59
Standard Deviation0.26
Sample Variance0.07
Range0.9474
R-Value0.40
Mean Square Error0.06
R-Squared0.16
Significance0.14
Slope0.02
Total Sum of Squares0.98

NeoVolta Asset Turnover History

2024 0.94
2023 0.57
2022 0.53
2021 1.08
2020 1.48

Other Fundumenentals of NeoVolta Common Stock

NeoVolta Common Asset Turnover component correlations

-0.880.910.920.450.330.61-0.180.040.840.750.770.850.72-0.69-0.69-0.69-0.69
-0.88-0.83-0.93-0.5-0.24-0.77-0.13-0.34-0.98-0.91-0.81-0.88-0.680.640.640.640.64
0.91-0.830.950.440.240.690.050.260.820.750.740.730.65-0.37-0.37-0.37-0.37
0.92-0.930.950.440.240.760.050.270.940.860.780.830.69-0.45-0.45-0.45-0.45
0.45-0.50.440.440.89-0.07-0.25-0.090.570.60.880.750.88-0.24-0.24-0.24-0.24
0.33-0.240.240.240.89-0.39-0.63-0.530.330.30.720.630.85-0.17-0.17-0.17-0.17
0.61-0.770.690.76-0.07-0.390.520.670.710.650.350.410.15-0.35-0.35-0.35-0.35
-0.18-0.130.050.05-0.25-0.630.520.950.090.23-0.2-0.25-0.450.250.250.250.25
0.04-0.340.260.27-0.09-0.530.670.950.290.450.02-0.02-0.260.090.090.090.09
0.84-0.980.820.940.570.330.710.090.290.920.850.90.74-0.53-0.53-0.53-0.53
0.75-0.910.750.860.60.30.650.230.450.920.790.870.65-0.47-0.47-0.47-0.47
0.77-0.810.740.780.880.720.35-0.20.020.850.790.930.96-0.47-0.47-0.47-0.47
0.85-0.880.730.830.750.630.41-0.25-0.020.90.870.930.9-0.64-0.64-0.64-0.64
0.72-0.680.650.690.880.850.15-0.45-0.260.740.650.960.9-0.43-0.43-0.43-0.43
-0.690.64-0.37-0.45-0.24-0.17-0.350.250.09-0.53-0.47-0.47-0.64-0.431.01.01.0
-0.690.64-0.37-0.45-0.24-0.17-0.350.250.09-0.53-0.47-0.47-0.64-0.431.01.01.0
-0.690.64-0.37-0.45-0.24-0.17-0.350.250.09-0.53-0.47-0.47-0.64-0.431.01.01.0
-0.690.64-0.37-0.45-0.24-0.17-0.350.250.09-0.53-0.47-0.47-0.64-0.431.01.01.0
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About NeoVolta Common Financial Statements

NeoVolta Common investors use historical fundamental indicators, such as NeoVolta Common's 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 NeoVolta Common. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Asset Turnover 0.57  0.94 

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Additional Tools for NeoVolta Stock Analysis

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