Gates Return On Tangible Assets from 2010 to 2024

GTES Stock  USD 22.14  0.08  0.36%   
Gates Industrial Return On Tangible Assets yearly trend continues to be comparatively stable with very little volatility. Return On Tangible Assets will likely drop to 0.05 in 2024. Return On Tangible Assets is a profitability metric that measures a company's ability to generate earnings from its tangible assets. View All Fundamentals
 
Return On Tangible Assets  
First Reported
2010-12-31
Previous Quarter
0.0534
Current Value
0.046
Quarterly Volatility
0.02959221
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Gates Industrial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Gates Industrial's main balance sheet or income statement drivers, such as Tax Provision of 20.3 M, Depreciation And Amortization of 187.5 M or Interest Expense of 135.9 M, as well as many indicators such as Price To Sales Ratio of 0.95, Dividend Yield of 0.0 or PTB Ratio of 1.14. Gates financial statements analysis is a perfect complement when working with Gates Industrial Valuation or Volatility modules.
  
Check out the analysis of Gates Industrial Correlation against competitors.
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Latest Gates Industrial's Return On Tangible Assets Growth Pattern

Below is the plot of the Return On Tangible Assets of Gates Industrial over the last few years. It is a profitability metric that measures a company's ability to generate earnings from its tangible assets. Gates Industrial's Return On Tangible Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Gates Industrial's overall financial position and show how it may be relating to other accounts over time.
Return On Tangible Assets10 Years Trend
Pretty Stable
   Return On Tangible Assets   
       Timeline  

Gates Return On Tangible Assets Regression Statistics

Arithmetic Mean0.06
Coefficient Of Variation52.57
Mean Deviation0.02
Median0.08
Standard Deviation0.03
Sample Variance0.0009
Range0.0945
R-Value0.18
Mean Square Error0.0009
R-Squared0.03
Significance0.53
Slope0
Total Sum of Squares0.01

Gates Return On Tangible Assets History

2024 0.046
2023 0.0534
2022 0.0594
2016 0.0248
2015 0.0112
2013 0.0456
2012 -0.0169

About Gates Industrial Financial Statements

Gates Industrial shareholders use historical fundamental indicators, such as Return On Tangible Assets, to determine how well the company is positioned to perform in the future. Although Gates Industrial investors may analyze each financial statement separately, they are all interrelated. The changes in Gates Industrial's assets and liabilities, for example, are also reflected in the revenues and expenses on on Gates Industrial'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
Return On Tangible Assets 0.05  0.05 

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Additional Tools for Gates Stock Analysis

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