Novartis Return on Average Equity Trend from 2010 to 2020

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NVS -- USA Stock  

Report: 21st of July 2020  

Novartis Return on Average Equity yearly trend continues to be relatively stable with very little volatility. Return on Average Equity is likely to grow to 0.18 this year. During the period from 2010 to 2020, Novartis Return on Average Equity destribution of quarterly values had range of  0.15 from its regression line and mean deviation of  0.030272. Novartis Research and Development Expense is relatively stable at the moment as compared to the past year. Novartis reported last year Research and Development Expense of 9.4 Billion. As of 07/10/2020, Weighted Average Shares is likely to grow to about 2.6 B, while Gross Profit is likely to drop slightly above 32.6 B.

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Check Novartis financial statements over time to gain insight into the future company performance. Apply historical fundamental analysis to find patterns among financial statement drivers such as Consolidated Income of 12.1 B, Cost of Revenue of 14.2 B or Earning Before Interest and Taxes EBIT of 14.8 B, as well as many exotic indicators such as Asset Turnover of 0.37, Book Value per Share of 29.65 or Current Ratio of 1.05. This can be a perfect complement to check Novartis Valuation or Volatility. It can also complement various Novartis Technical models. Additionally, see the analysis of Novartis Correlation with competitors.

Novartis Return on Average Equity Marginal Breakdown

Showing smoothed Return on Average Equity of Novartis AG with missing and latest data points interpolated. Return on equity measures a corporation's profitability by calculating the amount of Net Income Common Stock returned as a percentage of [EquityAvg].
ViewLast Reported 15.16 %10 Years Trend
Increasing
Stable
 Return on Average Equity 
      Timeline 

Novartis Return on Average Equity Regression Statistics

Arithmetic Mean 0.15
Geometric Mean 0.15
Coefficient Of Variation 27.47
Mean Deviation 0.030272
Median 0.14
Standard Deviation 0.041316
Sample Variance 0.001707
Range 0.15
R-Value 0.18
Mean Square Error 0.001832
R-Squared 0.03406
Significance 0.59
Slope 0.002299
Total Sum of Squares 0.01707

Novartis Return on Average Equity Over Time

2010  0.16 
2011  0.14 
2013  0.13 
2015  0.24 
2016  0.09 
2017  0.10 
2018  0.17 
2019  0.18 

About Novartis Financial Statement Charts

There are typically three primary documents that fall into the category of financial statements. These documents include Novartis income statement, its balance sheet, and the statement of cash flows. Novartis investors use historical funamental indicators, such as Novartis's Return on Average Equity, to determine how well the company is positioned to perform in the future. Although Novartis investors may use each financial statement separately, they are all related. The changes in Novartis's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Novartis'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 Novartis Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Novartis. Please read more on our technical analysis and fundamental analysis pages.
 2017 2018 2019 2020 (projected)
Current Assets28.21 B35.56 B29.5 B32.46 B
Total Assets133.08 B145.56 B118.37 B134.45 B

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