Syntec Asset Turnover from 2010 to 2024

OPTX Stock   0.88  0.02  2.22%   
Syntec Optics Asset Turnover yearly trend continues to be fairly stable with very little volatility. Asset Turnover will likely drop to 0.89 in 2024. Asset Turnover is the ratio of net sales to average total assets, indicating how efficiently Syntec Optics Holdings uses its assets to generate sales. View All Fundamentals
 
Asset Turnover  
First Reported
2010-12-31
Previous Quarter
1.10898284
Current Value
0.89
Quarterly Volatility
0.07969755
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Syntec Optics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Syntec Optics' main balance sheet or income statement drivers, such as Depreciation And Amortization of 2.4 M, Interest Expense of 434.7 K or Selling General Administrative of 6.7 M, as well as many indicators such as Price To Sales Ratio of 9.27, Dividend Yield of 8.0E-4 or PTB Ratio of 10.78. Syntec financial statements analysis is a perfect complement when working with Syntec Optics Valuation or Volatility modules.
  
Check out the analysis of Syntec Optics Correlation against competitors.

Latest Syntec Optics' Asset Turnover Growth Pattern

Below is the plot of the Asset Turnover of Syntec Optics Holdings 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. Syntec Optics' Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Syntec Optics' overall financial position and show how it may be relating to other accounts over time.
Asset Turnover10 Years Trend
Slightly volatile
   Asset Turnover   
       Timeline  

Syntec Asset Turnover Regression Statistics

Arithmetic Mean1.00
Geometric Mean0.99
Coefficient Of Variation8.01
Mean Deviation0.05
Median0.97
Standard Deviation0.08
Sample Variance0.01
Range0.3497
R-Value0.31
Mean Square Error0.01
R-Squared0.1
Significance0.26
Slope0.01
Total Sum of Squares0.09

Syntec Asset Turnover History

2024 0.89
2023 1.11
2022 1.24

Other Fundumenentals of Syntec Optics Holdings

Syntec Optics Asset Turnover component correlations

-0.31-0.580.660.890.150.84-0.710.911.00.79-0.03-0.72-0.350.79-0.720.74
-0.310.85-0.91-0.50.89-0.590.83-0.6-0.36-0.820.930.640.95-0.810.64-0.82
-0.580.85-0.96-0.840.58-0.910.98-0.87-0.59-0.920.590.950.95-0.930.95-0.76
0.66-0.91-0.960.82-0.620.87-0.980.880.680.98-0.7-0.88-0.930.98-0.880.91
0.89-0.5-0.840.82-0.080.99-0.90.990.880.89-0.17-0.95-0.640.9-0.950.71
0.150.890.58-0.62-0.08-0.190.51-0.180.1-0.470.960.290.81-0.460.29-0.52
0.84-0.59-0.910.870.99-0.19-0.940.980.820.92-0.26-0.98-0.730.93-0.980.73
-0.710.830.98-0.98-0.90.51-0.94-0.93-0.72-0.980.580.950.91-0.980.95-0.85
0.91-0.6-0.870.880.99-0.180.98-0.930.910.95-0.3-0.93-0.690.96-0.930.82
1.0-0.36-0.590.680.880.10.82-0.720.910.81-0.1-0.7-0.370.81-0.70.79
0.79-0.82-0.920.980.89-0.470.92-0.980.950.81-0.58-0.89-0.841.0-0.890.93
-0.030.930.59-0.7-0.170.96-0.260.58-0.3-0.1-0.580.310.79-0.570.31-0.69
-0.720.640.95-0.88-0.950.29-0.980.95-0.93-0.7-0.890.310.8-0.91.0-0.66
-0.350.950.95-0.93-0.640.81-0.730.91-0.69-0.37-0.840.790.8-0.840.8-0.73
0.79-0.81-0.930.980.9-0.460.93-0.980.960.811.0-0.57-0.9-0.84-0.90.92
-0.720.640.95-0.88-0.950.29-0.980.95-0.93-0.7-0.890.311.00.8-0.9-0.66
0.74-0.82-0.760.910.71-0.520.73-0.850.820.790.93-0.69-0.66-0.730.92-0.66
Click cells to compare fundamentals

About Syntec Optics Financial Statements

Syntec Optics investors use historical fundamental indicators, such as Syntec Optics' 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 Syntec Optics. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Fixed Asset Turnover 2.65  1.83 
Asset Turnover 1.11  0.89 

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for Syntec Stock Analysis

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