Novartis Return on Invested Capital Trend from 2010 to 2020

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NVS -- USA Stock  

Report: 21st of July 2020  

Novartis Return on Invested Capital yearly trend continues to be relatively stable with very little volatility. Return on Invested Capital is likely to grow to 0.26 this year. During the period from 2010 to 2020, Novartis Return on Invested Capital destribution of quarterly values had range of  0.21 from its regression line and mean deviation of  0.037361. 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 07/11/2020, 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 Invested Capital Marginal Breakdown

Showing smoothed Return on Invested Capital of Novartis AG with missing and latest data points interpolated. Return on Invested Capital is ratio estimated by dividing Earning Before Interest and Taxes EBIT by [InvCapAvg]. [InvCap] is calculated as: Total Debt plus Total Assets minus Goodwill and Intangible Assets minus Cash and Equivalents minus Current Liabilities. Please note this calculation method is subject to change.
Return on Invested Capital10 Years Trend
Increasing
Stable
 Return on Invested Capital 
      Timeline 

Novartis Return on Invested Capital Regression Statistics

Arithmetic Mean 0.23
Geometric Mean 0.22
Coefficient Of Variation 24.64
Mean Deviation 0.037361
Median 0.23
Standard Deviation 0.06
Sample Variance 0.003088
Range 0.21
R-Value 0.14
Mean Square Error 0.003362
R-Squared 0.020109
Significance 0.68
Slope 0.002376
Total Sum of Squares 0.030883

Novartis Return on Invested Capital Over Time

2010  0.19 
2011  0.22 
2012  0.23 
2014  0.24 
2015  0.35 
2016  0.14 
2017  0.16 
2019  0.25 
2020  0.26 

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 Invested Capital, 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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Novartis AG Investor Sentiment

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