Glaukos Inventory Turnover from 2010 to 2024
| GKOS Stock | USD 109.79 0.62 0.56% |
Inventory Turnover | First Reported 2010-12-31 | Previous Quarter 1.80000476 | Current Value 2.89 | Quarterly Volatility 1.39975129 |
Check Glaukos Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Glaukos main balance sheet or income statement drivers, such as Depreciation And Amortization of 39.9 M, Interest Expense of 14.3 M or Selling General Administrative of 133.6 M, as well as many exotic indicators such as Price To Sales Ratio of 13.65, Dividend Yield of 0.0 or PTB Ratio of 8.75. Glaukos financial statements analysis is a perfect complement when working with Glaukos Corp Valuation or Volatility modules.
Glaukos | Inventory Turnover |
Latest Glaukos Corp's Inventory Turnover Growth Pattern
Below is the plot of the Inventory Turnover of Glaukos Corp over the last few years. It is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. Glaukos Corp's Inventory Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Glaukos Corp's overall financial position and show how it may be relating to other accounts over time.
| Inventory Turnover | 10 Years Trend |
|
Inventory Turnover |
| Timeline |
Glaukos Inventory Turnover Regression Statistics
| Arithmetic Mean | 2.40 | |
| Geometric Mean | 2.10 | |
| Coefficient Of Variation | 58.42 | |
| Mean Deviation | 1.04 | |
| Median | 1.88 | |
| Standard Deviation | 1.40 | |
| Sample Variance | 1.96 | |
| Range | 4.8954 | |
| R-Value | 0.22 | |
| Mean Square Error | 2.01 | |
| R-Squared | 0.05 | |
| Significance | 0.44 | |
| Slope | 0.07 | |
| Total Sum of Squares | 27.43 |
Glaukos Inventory Turnover History
About Glaukos Corp Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Glaukos Corp income statement, its balance sheet, and the statement of cash flows. Glaukos Corp investors use historical funamental indicators, such as Glaukos Corp's Inventory Turnover, to determine how well the company is positioned to perform in the future. Although Glaukos Corp investors may use each financial statement separately, they are all related. The changes in Glaukos Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Glaukos Corp'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 Glaukos Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Glaukos Corp. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Inventory Turnover | 1.80 | 2.89 |
Pair Trading with Glaukos Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Glaukos Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Glaukos Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Glaukos Stock
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| 0.74 | VEEV | Veeva Systems Class Financial Report 29th of May 2024 | PairCorr |
| 0.55 | COO | Cooper Companies Financial Report 6th of June 2024 | PairCorr |
The ability to find closely correlated positions to Glaukos Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Glaukos Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Glaukos Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Glaukos Corp to buy it.
The correlation of Glaukos Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Glaukos Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Glaukos Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Glaukos Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Glaukos Corp Correlation against competitors. For more information on how to buy Glaukos Stock please use our How to Invest in Glaukos Corp guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Glaukos Stock analysis
When running Glaukos Corp's price analysis, check to measure Glaukos Corp'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 Glaukos Corp is operating at the current time. Most of Glaukos Corp's value examination focuses on studying past and present price action to predict the probability of Glaukos Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Glaukos Corp's price. Additionally, you may evaluate how the addition of Glaukos Corp to your portfolios can decrease your overall portfolio volatility.
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Is Glaukos Corp's 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 Glaukos Corp. If investors know Glaukos 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 Glaukos Corp 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 18.963 | Earnings Share (2.88) | Revenue Per Share 6.681 | Quarterly Revenue Growth 0.159 | Return On Assets (0.08) |
The market value of Glaukos Corp is measured differently than its book value, which is the value of Glaukos that is recorded on the company's balance sheet. Investors also form their own opinion of Glaukos Corp's value that differs from its market value or its book value, called intrinsic value, which is Glaukos Corp'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 Glaukos Corp's market value can be influenced by many factors that don't directly affect Glaukos Corp'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 Glaukos Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Glaukos Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Glaukos Corp'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.