Palatin Inventory Turnover from 2010 to 2024
| PTN Stock | USD 0.86 0.03 3.37% |
Inventory Turnover | First Reported 2010-12-31 | Previous Quarter 0.91 | Current Value 0.87 | Quarterly Volatility 36.66657303 |
Check Palatin Technologies financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Palatin Technologies' main balance sheet or income statement drivers, such as Depreciation And Amortization of 512.3 K, Interest Expense of 16.3 K or Selling General Administrative of 7.7 M, as well as many indicators such as Price To Sales Ratio of 5.78, Dividend Yield of 0.0 or Days Sales Outstanding of 265. Palatin financial statements analysis is a perfect complement when working with Palatin Technologies Valuation or Volatility modules.
Palatin | Inventory Turnover |
Latest Palatin Technologies' Inventory Turnover Growth Pattern
Below is the plot of the Inventory Turnover of Palatin Technologies over the last few years. It is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. Palatin Technologies' Inventory Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Palatin Technologies' overall financial position and show how it may be relating to other accounts over time.
| Inventory Turnover | 10 Years Trend |
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Inventory Turnover |
| Timeline |
Palatin Inventory Turnover Regression Statistics
| Arithmetic Mean | 35.23 | |
| Geometric Mean | 5.91 | |
| Coefficient Of Variation | 104.08 | |
| Mean Deviation | 32.39 | |
| Median | 54.38 | |
| Standard Deviation | 36.67 | |
| Sample Variance | 1,344 | |
| Range | 99.0954 | |
| R-Value | (0.45) | |
| Mean Square Error | 1,156 | |
| R-Squared | 0.20 | |
| Significance | 0.09 | |
| Slope | (3.68) | |
| Total Sum of Squares | 18,822 |
Palatin Inventory Turnover History
About Palatin Technologies Financial Statements
Palatin Technologies investors utilize fundamental indicators, such as Inventory Turnover, to predict how Palatin Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Inventory Turnover | 0.91 | 0.87 |
Pair Trading with Palatin Technologies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Palatin Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Palatin Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Palatin Stock
The ability to find closely correlated positions to Palatin Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Palatin Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Palatin Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Palatin Technologies to buy it.
The correlation of Palatin Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Palatin Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Palatin Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Palatin Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Palatin Technologies Correlation against competitors. To learn how to invest in Palatin Stock, please use our How to Invest in Palatin Technologies guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Palatin Technologies. If investors know Palatin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Palatin Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.98) | Revenue Per Share 0.306 | Quarterly Revenue Growth (0.80) | Return On Assets (1.32) | Return On Equity (6.23) |
The market value of Palatin Technologies is measured differently than its book value, which is the value of Palatin that is recorded on the company's balance sheet. Investors also form their own opinion of Palatin Technologies' value that differs from its market value or its book value, called intrinsic value, which is Palatin Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Palatin Technologies' market value can be influenced by many factors that don't directly affect Palatin Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Palatin Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Palatin Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Palatin Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.