Zoetis Fixed Asset Turnover from 2010 to 2024

ZTS Stock  USD 153.11  1.17  0.77%   
Zoetis Fixed Asset Turnover yearly trend continues to be comparatively stable with very little volatility. Fixed Asset Turnover is likely to outpace its year average in 2024. From the period from 2010 to 2024, Zoetis Fixed Asset Turnover quarterly data regression had r-value of (0.50) and coefficient of variation of  12.05. View All Fundamentals
 
Fixed Asset Turnover  
First Reported
2010-12-31
Previous Quarter
2.48806057
Current Value
3.58
Quarterly Volatility
0.39405609
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Zoetis financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Zoetis main balance sheet or income statement drivers, such as Depreciation And Amortization of 515.5 M, Interest Expense of 162.4 M or Total Revenue of 6 B, as well as many exotic indicators such as Price To Sales Ratio of 5.59, Dividend Yield of 0.0089 or PTB Ratio of 13.07. Zoetis financial statements analysis is a perfect complement when working with Zoetis Valuation or Volatility modules.
  
This module can also supplement Zoetis' financial leverage analysis and stock options assessment as well as various Zoetis Technical models . Check out the analysis of Zoetis Correlation against competitors.

Latest Zoetis' Fixed Asset Turnover Growth Pattern

Below is the plot of the Fixed Asset Turnover of Zoetis Inc over the last few years. It is Zoetis' Fixed Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Zoetis' 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  

Zoetis Fixed Asset Turnover Regression Statistics

Arithmetic Mean3.27
Geometric Mean3.25
Coefficient Of Variation12.05
Mean Deviation0.34
Median3.49
Standard Deviation0.39
Sample Variance0.16
Range1.2102
R-Value(0.50)
Mean Square Error0.13
R-Squared0.25
Significance0.06
Slope(0.04)
Total Sum of Squares2.17

Zoetis Fixed Asset Turnover History

2024 3.58
2023 2.49
2022 2.72
2021 2.99
2020 2.79
2019 2.94
2018 3.51

About Zoetis Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Zoetis income statement, its balance sheet, and the statement of cash flows. Zoetis investors use historical funamental indicators, such as Zoetis's Fixed Asset Turnover, to determine how well the company is positioned to perform in the future. Although Zoetis investors may use each financial statement separately, they are all related. The changes in Zoetis's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Zoetis'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 Zoetis Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Zoetis. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Fixed Asset Turnover 2.49  3.58 

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When determining whether Zoetis Inc is a strong investment it is important to analyze Zoetis' 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 Zoetis' future performance. For an informed investment choice regarding Zoetis Stock, refer to the following important reports:
Check out the analysis of Zoetis Correlation against competitors.
You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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Is Zoetis' 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 Zoetis. If investors know Zoetis 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 Zoetis 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
0.164
Dividend Share
1.5
Earnings Share
5.07
Revenue Per Share
18.527
Quarterly Revenue Growth
0.085
The market value of Zoetis Inc is measured differently than its book value, which is the value of Zoetis that is recorded on the company's balance sheet. Investors also form their own opinion of Zoetis' value that differs from its market value or its book value, called intrinsic value, which is Zoetis' 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 Zoetis' market value can be influenced by many factors that don't directly affect Zoetis' 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 Zoetis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Zoetis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zoetis' 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.