AutoNation Fixed Asset Turnover from 2010 to 2024

AN Stock  USD 154.62  2.29  1.50%   
AutoNation Fixed Asset Turnover yearly trend continues to be very stable with very little volatility. Fixed Asset Turnover is likely to drop to 5.58. During the period from 2010 to 2024, AutoNation Fixed Asset Turnover quarterly data regression pattern had sample variance of  3.00 and median of  6.98. View All Fundamentals
 
Fixed Asset Turnover  
First Reported
2010-12-31
Previous Quarter
6.44140354
Current Value
5.58
Quarterly Volatility
1.73314382
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check AutoNation financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among AutoNation main balance sheet or income statement drivers, such as Depreciation And Amortization of 177.9 M, Interest Expense of 97.3 M or Total Revenue of 15.7 B, as well as many exotic indicators such as Price To Sales Ratio of 0.24, Dividend Yield of 0.48 or PTB Ratio of 2.88. AutoNation financial statements analysis is a perfect complement when working with AutoNation Valuation or Volatility modules.
  
This module can also supplement AutoNation's financial leverage analysis and stock options assessment as well as various AutoNation Technical models . Check out the analysis of AutoNation Correlation against competitors.
To learn how to invest in AutoNation Stock, please use our How to Invest in AutoNation guide.

Latest AutoNation's Fixed Asset Turnover Growth Pattern

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

AutoNation Fixed Asset Turnover Regression Statistics

Arithmetic Mean6.57
Geometric Mean6.04
Coefficient Of Variation26.39
Mean Deviation1.06
Median6.98
Standard Deviation1.73
Sample Variance3.00
Range7.0232
R-Value0.11
Mean Square Error3.19
R-Squared0.01
Significance0.69
Slope0.04
Total Sum of Squares42.05

AutoNation Fixed Asset Turnover History

2024 5.58
2023 6.44
2022 6.87
2021 6.98
2020 5.91
2019 6.08
2018 6.79

About AutoNation Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include AutoNation income statement, its balance sheet, and the statement of cash flows. AutoNation investors use historical funamental indicators, such as AutoNation's Fixed Asset Turnover, to determine how well the company is positioned to perform in the future. Although AutoNation investors may use each financial statement separately, they are all related. The changes in AutoNation's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on AutoNation'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 AutoNation Financial Statements. Understanding these patterns can help to make the right decision on long term investment in AutoNation. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Fixed Asset Turnover 6.44  5.58 

Pair Trading with AutoNation

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 AutoNation 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 AutoNation will appreciate offsetting losses from the drop in the long position's value.

Moving together with AutoNation Stock

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Moving against AutoNation Stock

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The ability to find closely correlated positions to AutoNation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AutoNation 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 AutoNation - 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 AutoNation to buy it.
The correlation of AutoNation 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 AutoNation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AutoNation 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 AutoNation 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.
Pair CorrelationCorrelation Matching
When determining whether AutoNation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AutoNation's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Autonation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Autonation Stock:
Check out the analysis of AutoNation Correlation against competitors.
To learn how to invest in AutoNation Stock, please use our How to Invest in AutoNation guide.
You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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Is AutoNation'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 AutoNation. If investors know AutoNation 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 AutoNation 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
(0.12)
Earnings Share
22.73
Revenue Per Share
604.235
Quarterly Revenue Growth
0.011
Return On Assets
0.0937
The market value of AutoNation is measured differently than its book value, which is the value of AutoNation that is recorded on the company's balance sheet. Investors also form their own opinion of AutoNation's value that differs from its market value or its book value, called intrinsic value, which is AutoNation'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 AutoNation's market value can be influenced by many factors that don't directly affect AutoNation'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 AutoNation's value and its price as these two are different measures arrived at by different means. Investors typically determine if AutoNation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AutoNation'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.