Zoetis Capital Expenditures from 2010 to 2024
| ZTS Stock | USD 172.05 0.74 0.43% |
Capital Expenditures | First Reported 2010-12-31 | Previous Quarter 198 M | Current Value 140 M | Quarterly Volatility 51.1 M |
Check Zoetis financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Zoetis main balance sheet or income statement drivers, such as Depreciation And Amortization of 515.5 M, Interest Expense of 162.4 M or Total Revenue of 6 B, as well as many exotic indicators such as Price To Sales Ratio of 5.59, Dividend Yield of 0.0089 or PTB Ratio of 13.07. Zoetis financial statements analysis is a perfect complement when working with Zoetis Valuation or Volatility modules.
Zoetis | Capital Expenditures |
Latest Zoetis' Capital Expenditures Growth Pattern
Below is the plot of the Capital Expenditures of Zoetis Inc over the last few years. Capital Expenditures are funds used by Zoetis Inc to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Zoetis operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software. It is Zoetis' Capital Expenditures historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Zoetis' overall financial position and show how it may be relating to other accounts over time.
| Capital Expenditures | 10 Years Trend |
|
Capital Expenditures |
| Timeline |
Zoetis Capital Expenditures Regression Statistics
| Arithmetic Mean | 350,240,000 | |
| Geometric Mean | 292,650,565 | |
| Coefficient Of Variation | 61.98 | |
| Mean Deviation | 183,354,667 | |
| Median | 224,000,000 | |
| Standard Deviation | 217,081,633 | |
| Sample Variance | 47124.4T | |
| Range | 642.6M | |
| R-Value | 0.95 | |
| Mean Square Error | 5335.2T | |
| R-Squared | 0.89 | |
| Slope | 45,918,571 | |
| Total Sum of Squares | 659742.1T |
Zoetis Capital Expenditures History
About Zoetis Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Zoetis income statement, its balance sheet, and the statement of cash flows. Zoetis investors use historical funamental indicators, such as Zoetis's Capital Expenditures, to determine how well the company is positioned to perform in the future. Although Zoetis investors may use each financial statement separately, they are all related. The changes in Zoetis's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Zoetis'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 Zoetis Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Zoetis. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Capital Expenditures | 732 M | 768.6 M |
Pair Trading with Zoetis
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 Zoetis 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 Zoetis will appreciate offsetting losses from the drop in the long position's value.Moving together with Zoetis Stock
| 0.62 | DRMA | Dermata Therapeutics | PairCorr |
| 0.82 | VRAX | Virax Biolabs Group Fiscal Year End 12th of June 2024 | PairCorr |
Moving against Zoetis Stock
| 0.64 | XFOR | X4 Pharmaceuticals | PairCorr |
The ability to find closely correlated positions to Zoetis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zoetis 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 Zoetis - 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 Zoetis Inc to buy it.
The correlation of Zoetis 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 Zoetis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zoetis Inc 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 Zoetis 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 Zoetis Correlation against competitors. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for Zoetis Stock analysis
When running Zoetis' price analysis, check to measure Zoetis' 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 Zoetis is operating at the current time. Most of Zoetis' value examination focuses on studying past and present price action to predict the probability of Zoetis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zoetis' price. Additionally, you may evaluate how the addition of Zoetis to your portfolios can decrease your overall portfolio volatility.
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Is Zoetis' 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 Zoetis. If investors know Zoetis 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 Zoetis 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 0.099 | Dividend Share 1.557 | Earnings Share 5.18 | Revenue Per Share 18.995 | Quarterly Revenue Growth 0.095 |
The market value of Zoetis Inc is measured differently than its book value, which is the value of Zoetis that is recorded on the company's balance sheet. Investors also form their own opinion of Zoetis' value that differs from its market value or its book value, called intrinsic value, which is Zoetis' 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 Zoetis' market value can be influenced by many factors that don't directly affect Zoetis' 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 Zoetis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Zoetis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zoetis' 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.