Neogen Receivables Turnover from 2010 to 2024

NEOG Stock  USD 13.54  0.13  0.97%   
Neogen's Receivables Turnover is increasing over the last several years with stable swings. Receivables Turnover is estimated to finish at 6.27 this year. During the period from 2010 to 2024 Neogen Receivables Turnover regressed destribution of quarterly values had coefficient of variationof  11.48 and r-value of  0.13. View All Fundamentals
 
Receivables Turnover  
First Reported
2010-12-31
Previous Quarter
6.17
Current Value
6.27
Quarterly Volatility
0.6137131
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Neogen financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Neogen main balance sheet or income statement drivers, such as Depreciation And Amortization of 106.7 M, Interest Expense of 67.6 M or Total Revenue of 993.1 M, as well as many exotic indicators such as Price To Sales Ratio of 3.19, Dividend Yield of 0.0 or PTB Ratio of 0.9. Neogen financial statements analysis is a perfect complement when working with Neogen Valuation or Volatility modules.
  
This module can also supplement Neogen's financial leverage analysis and stock options assessment as well as various Neogen Technical models . Check out the analysis of Neogen Correlation against competitors.
For more detail on how to invest in Neogen Stock please use our How to Invest in Neogen guide.

Latest Neogen's Receivables Turnover Growth Pattern

Below is the plot of the Receivables Turnover of Neogen over the last few years. It is Neogen's Receivables Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Neogen's overall financial position and show how it may be relating to other accounts over time.
Receivables Turnover10 Years Trend
Pretty Stable
   Receivables Turnover   
       Timeline  

Neogen Receivables Turnover Regression Statistics

Arithmetic Mean5.35
Geometric Mean5.32
Coefficient Of Variation11.48
Mean Deviation0.44
Median5.16
Standard Deviation0.61
Sample Variance0.38
Range2.1082
R-Value0.13
Mean Square Error0.40
R-Squared0.02
Significance0.63
Slope0.02
Total Sum of Squares5.27

Neogen Receivables Turnover History

2024 6.27
2023 6.17
2022 5.37
2021 5.29
2020 5.1
2019 4.94
2018 5.02

About Neogen Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Neogen income statement, its balance sheet, and the statement of cash flows. Neogen investors use historical funamental indicators, such as Neogen's Receivables Turnover, to determine how well the company is positioned to perform in the future. Although Neogen investors may use each financial statement separately, they are all related. The changes in Neogen's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Neogen'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 Neogen Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Neogen. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Receivables Turnover 6.17  6.27 

Currently Active Assets on Macroaxis

When determining whether Neogen is a strong investment it is important to analyze Neogen's 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 Neogen's future performance. For an informed investment choice regarding Neogen Stock, refer to the following important reports:
Check out the analysis of Neogen Correlation against competitors.
For more detail on how to invest in Neogen Stock please use our How to Invest in Neogen guide.
You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

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Is Neogen'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 Neogen. If investors know Neogen 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 Neogen 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
(0.86)
Earnings Share
0.02
Revenue Per Share
4.293
Quarterly Revenue Growth
0.048
Return On Assets
0.0179
The market value of Neogen is measured differently than its book value, which is the value of Neogen that is recorded on the company's balance sheet. Investors also form their own opinion of Neogen's value that differs from its market value or its book value, called intrinsic value, which is Neogen'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 Neogen's market value can be influenced by many factors that don't directly affect Neogen'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 Neogen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Neogen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Neogen'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.