CVS Fixed Asset Turnover from 2010 to 2024

CVS Stock  USD 59.96  0.95  1.61%   
CVS Health Fixed Asset Turnover yearly trend continues to be comparatively stable with very little volatility. Fixed Asset Turnover will likely drop to 8.99 in 2024. From the period from 2010 to 2024, CVS Health Fixed Asset Turnover quarterly data regression had r-value of (0.46) and coefficient of variation of  27.35. View All Fundamentals
 
Fixed Asset Turnover  
First Reported
2010-12-31
Previous Quarter
11.75541318
Current Value
8.99
Quarterly Volatility
3.51927017
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check CVS Health financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CVS Health's main balance sheet or income statement drivers, such as Depreciation And Amortization of 4.6 B, Interest Expense of 2.8 B or Selling General Administrative of 40.3 B, as well as many indicators such as Price To Sales Ratio of 0.27, Dividend Yield of 0.0243 or PTB Ratio of 1.26. CVS financial statements analysis is a perfect complement when working with CVS Health Valuation or Volatility modules.
  
Check out the analysis of CVS Health Correlation against competitors.

Latest CVS Health's Fixed Asset Turnover Growth Pattern

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

CVS Fixed Asset Turnover Regression Statistics

Arithmetic Mean12.87
Geometric Mean12.40
Coefficient Of Variation27.35
Mean Deviation3.04
Median12.65
Standard Deviation3.52
Sample Variance12.39
Range10.1485
R-Value(0.46)
Mean Square Error10.49
R-Squared0.21
Significance0.08
Slope(0.36)
Total Sum of Squares173.39

CVS Fixed Asset Turnover History

2024 8.99
2023 11.76
2022 10.46
2021 9.12
2020 8.06
2019 7.8
2018 17.15

About CVS Health Financial Statements

CVS Health shareholders use historical fundamental indicators, such as Fixed Asset Turnover, to determine how well the company is positioned to perform in the future. Although CVS Health investors may analyze each financial statement separately, they are all interrelated. The changes in CVS Health's assets and liabilities, for example, are also reflected in the revenues and expenses on on CVS Health's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Fixed Asset Turnover 11.76  8.99 

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Additional Tools for CVS Stock Analysis

When running CVS Health's price analysis, check to measure CVS Health'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 CVS Health is operating at the current time. Most of CVS Health's value examination focuses on studying past and present price action to predict the probability of CVS Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CVS Health's price. Additionally, you may evaluate how the addition of CVS Health to your portfolios can decrease your overall portfolio volatility.