3M Fixed Asset Turnover from 2010 to 2024

MMM Stock  USD 90.96  0.09  0.1%   
3M Fixed Asset Turnover yearly trend continues to be very stable with very little volatility. Fixed Asset Turnover is likely to drop to 2.62. During the period from 2010 to 2024, 3M Fixed Asset Turnover quarterly data regression pattern had sample variance of  0.11 and median of  3.54. View All Fundamentals
 
Fixed Asset Turnover  
First Reported
2010-12-31
Previous Quarter
3.29511998
Current Value
2.62
Quarterly Volatility
0.3249964
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check 3M financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among 3M main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.2 B, Interest Expense of 989.1 M or Total Revenue of 23.6 B, as well as many exotic indicators such as Price To Sales Ratio of 1.62, Dividend Yield of 0.0687 or PTB Ratio of 11.06. 3M financial statements analysis is a perfect complement when working with 3M Valuation or Volatility modules.
  
This module can also supplement 3M's financial leverage analysis and stock options assessment as well as various 3M Technical models . Check out the analysis of 3M Correlation against competitors.

Latest 3M's Fixed Asset Turnover Growth Pattern

Below is the plot of the Fixed Asset Turnover of 3M Company over the last few years. It is 3M's Fixed Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in 3M's overall financial position and show how it may be relating to other accounts over time.
Fixed Asset Turnover10 Years Trend
Slightly volatile
   Fixed Asset Turnover   
       Timeline  

3M Fixed Asset Turnover Regression Statistics

Arithmetic Mean3.42
Geometric Mean3.40
Coefficient Of Variation9.51
Mean Deviation0.25
Median3.54
Standard Deviation0.32
Sample Variance0.11
Range1.2426
R-Value(0.49)
Mean Square Error0.09
R-Squared0.24
Significance0.06
Slope(0.04)
Total Sum of Squares1.48

3M Fixed Asset Turnover History

2024 2.62
2023 3.3
2022 3.42
2021 3.44
2020 3.13
2019 3.15

About 3M Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include 3M income statement, its balance sheet, and the statement of cash flows. 3M investors use historical funamental indicators, such as 3M's Fixed Asset Turnover, to determine how well the company is positioned to perform in the future. Although 3M investors may use each financial statement separately, they are all related. The changes in 3M's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on 3M's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on 3M Financial Statements. Understanding these patterns can help to make the right decision on long term investment in 3M. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Fixed Asset Turnover 3.30  2.62 

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When determining whether 3M Company is a strong investment it is important to analyze 3M's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact 3M's future performance. For an informed investment choice regarding 3M Stock, refer to the following important reports:

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When running 3M's price analysis, check to measure 3M'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 3M is operating at the current time. Most of 3M's value examination focuses on studying past and present price action to predict the probability of 3M's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 3M's price. Additionally, you may evaluate how the addition of 3M to your portfolios can decrease your overall portfolio volatility.
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Is 3M's industry 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 3M. If investors know 3M 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 3M listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.744
Dividend Share
6
Earnings Share
(12.63)
Revenue Per Share
59.002
Quarterly Revenue Growth
(0.01)
The market value of 3M Company is measured differently than its book value, which is the value of 3M that is recorded on the company's balance sheet. Investors also form their own opinion of 3M's value that differs from its market value or its book value, called intrinsic value, which is 3M's 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 3M's market value can be influenced by many factors that don't directly affect 3M's 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 3M's value and its price as these two are different measures arrived at by different means. Investors typically determine if 3M is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 3M's 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.