89bio Return On Assets from 2010 to 2025
| ETNB Stock | USD 8.01 1.14 12.46% |
Return On Assets | First Reported 2010-12-31 | Previous Quarter (0.77) | Current Value (0.81) | Quarterly Volatility 0.47869319 |
Check 89bio financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among 89bio's main balance sheet or income statement drivers, such as Tax Provision of 726.6 K, Depreciation And Amortization of 329.6 K or Selling General Administrative of 20.3 M, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 2.15. 89bio financial statements analysis is a perfect complement when working with 89bio Valuation or Volatility modules.
89bio | Return On Assets |
Latest 89bio's Return On Assets Growth Pattern
Below is the plot of the Return On Assets of 89bio Inc over the last few years. It is a profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets. 89bio's Return On Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in 89bio's overall financial position and show how it may be relating to other accounts over time.
| Return On Assets | 10 Years Trend |
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Return On Assets |
| Timeline |
89bio Return On Assets Regression Statistics
| Arithmetic Mean | (1.03) | |
| Geometric Mean | 0.89 | |
| Coefficient Of Variation | (46.34) | |
| Mean Deviation | 0.44 | |
| Median | (1.42) | |
| Standard Deviation | 0.48 | |
| Sample Variance | 0.23 | |
| Range | 1.1883 | |
| R-Value | 0.78 | |
| Mean Square Error | 0.1 | |
| R-Squared | 0.61 | |
| Significance | 0.0004 | |
| Slope | 0.08 | |
| Total Sum of Squares | 3.44 |
89bio Return On Assets History
About 89bio Financial Statements
89bio stakeholders use historical fundamental indicators, such as 89bio's Return On Assets, to determine how well the company is positioned to perform in the future. Although 89bio investors may analyze each financial statement separately, they are all interrelated. For example, changes in 89bio's assets and liabilities are reflected in the revenues and expenses on 89bio's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in 89bio Inc. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Assets | (0.77) | (0.81) |
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Check out the analysis of 89bio Correlation against competitors. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Biotechnology space 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 89bio. If investors know 89bio 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 89bio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of 89bio Inc is measured differently than its book value, which is the value of 89bio that is recorded on the company's balance sheet. Investors also form their own opinion of 89bio's value that differs from its market value or its book value, called intrinsic value, which is 89bio'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 89bio's market value can be influenced by many factors that don't directly affect 89bio'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 89bio's value and its price as these two are different measures arrived at by different means. Investors typically determine if 89bio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 89bio'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.