Zomedica Asset Turnover from 2010 to 2024
| ZOM Stock | USD 0.12 0.01 7.69% |
Asset Turnover | First Reported 2010-12-31 | Previous Quarter 0.09947195 | Current Value 0.1 | Quarterly Volatility 0.03155467 |
Check Zomedica Pharmaceuticals financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Zomedica Pharmaceuticals' main balance sheet or income statement drivers, such as Interest Expense of 183.8 K, Selling General Administrative of 30.5 M or Other Operating Expenses of 59.6 M, as well as many indicators such as Price To Sales Ratio of 7.4, Dividend Yield of 0.0 or PTB Ratio of 0.78. Zomedica financial statements analysis is a perfect complement when working with Zomedica Pharmaceuticals Valuation or Volatility modules.
Zomedica | Asset Turnover |
Latest Zomedica Pharmaceuticals' Asset Turnover Growth Pattern
Below is the plot of the Asset Turnover of Zomedica Pharmaceuticals Corp 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. Zomedica Pharmaceuticals' Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Zomedica Pharmaceuticals' overall financial position and show how it may be relating to other accounts over time.
| Asset Turnover | 10 Years Trend |
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Asset Turnover |
| Timeline |
Zomedica Asset Turnover Regression Statistics
| Arithmetic Mean | 0.03 | |
| Geometric Mean | 0.02 | |
| Coefficient Of Variation | 106.59 | |
| Mean Deviation | 0.02 | |
| Median | 0.01 | |
| Standard Deviation | 0.03 | |
| Sample Variance | 0.001 | |
| Range | 0.0853 | |
| R-Value | 0.69 | |
| Mean Square Error | 0.0006 | |
| R-Squared | 0.48 | |
| Significance | 0 | |
| Slope | 0 | |
| Total Sum of Squares | 0.01 |
Zomedica Asset Turnover History
Other Fundumenentals of Zomedica Pharmaceuticals
Zomedica Pharmaceuticals Asset Turnover component correlations
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About Zomedica Pharmaceuticals Financial Statements
Zomedica Pharmaceuticals investors utilize fundamental indicators, such as Asset Turnover, to predict how Zomedica 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 | ||
| Fixed Asset Turnover | 1.00 | 1.73 | |
| Asset Turnover | 0.10 | 0.10 |
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Is Pharmaceuticals 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 Zomedica Pharmaceuticals. If investors know Zomedica 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 Zomedica Pharmaceuticals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.06) | Revenue Per Share 0.027 | Quarterly Revenue Growth 0.018 | Return On Assets (0.09) | Return On Equity (0.24) |
The market value of Zomedica Pharmaceuticals is measured differently than its book value, which is the value of Zomedica that is recorded on the company's balance sheet. Investors also form their own opinion of Zomedica Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is Zomedica Pharmaceuticals' 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 Zomedica Pharmaceuticals' market value can be influenced by many factors that don't directly affect Zomedica Pharmaceuticals' 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 Zomedica Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Zomedica Pharmaceuticals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zomedica Pharmaceuticals' 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.