Zoetis Asset Turnover vs Total Assets Analysis

ZTS Stock  USD 168.51  2.84  1.71%   
Zoetis financial indicator trend analysis is more than just analyzing Zoetis Inc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zoetis Inc is a good investment. Please check the relationship between Zoetis Asset Turnover and its Total Assets accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zoetis Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

Asset Turnover vs Total Assets

Asset Turnover vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zoetis Inc Asset Turnover account and Total Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Zoetis' Asset Turnover and Total Assets is -0.82. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Total Assets in the same time period over historical financial statements of Zoetis Inc, assuming nothing else is changed. The correlation between historical values of Zoetis' Asset Turnover and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Zoetis Inc are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Asset Turnover i.e., Zoetis' Asset Turnover and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.82
Relationship DirectionNegative 
Relationship StrengthSignificant

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Total Assets

Total assets refers to the total amount of Zoetis assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Zoetis Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Zoetis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zoetis Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zoetis Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Selling General Administrative is likely to drop to about 1.3 B in 2024. Tax Provision is likely to drop to about 464.4 M in 2024
 2021 2022 2023 2024 (projected)
Interest Expense224M221M285M162.4M
Depreciation And Amortization161M150M491M515.6M

Zoetis fundamental ratios Correlations

-0.39-0.25-0.6-0.29-0.41-0.22-0.430.32-0.18-0.2-0.29-0.41-0.41-0.31-0.23-0.29-0.4-0.37-0.25-0.37-0.430.63-0.27-0.78-0.35
-0.390.90.490.820.560.760.94-0.070.730.60.940.980.490.580.870.940.780.970.880.850.96-0.860.920.750.98
-0.250.90.330.780.160.820.770.080.930.570.880.870.220.270.990.880.750.90.990.720.8-0.861.00.570.89
-0.60.490.330.320.50.180.56-0.850.260.310.350.470.60.320.340.350.590.420.330.670.54-0.610.350.790.48
-0.290.820.780.320.40.440.780.110.610.620.830.750.280.520.680.830.70.740.680.770.72-0.720.790.640.87
-0.410.560.160.50.40.160.69-0.33-0.110.230.460.580.730.810.10.450.320.510.130.560.65-0.310.190.620.52
-0.220.760.820.180.440.160.550.10.760.240.720.80.120.190.840.730.430.850.860.430.65-0.620.820.340.67
-0.430.940.770.560.780.690.55-0.170.610.580.810.920.70.670.730.810.830.870.740.930.97-0.840.790.830.91
0.32-0.070.08-0.850.11-0.330.1-0.170.090.010.05-0.09-0.47-0.090.040.05-0.21-0.040.05-0.29-0.140.170.07-0.4-0.06
-0.180.730.930.260.61-0.110.760.610.090.430.640.730.180.030.940.650.710.760.930.610.64-0.810.910.440.69
-0.20.60.570.310.620.230.240.580.010.430.620.50.160.40.560.620.750.490.560.570.62-0.570.60.490.67
-0.290.940.880.350.830.460.720.810.050.640.620.860.230.50.841.00.650.880.850.710.85-0.750.890.610.97
-0.410.980.870.470.750.580.80.92-0.090.730.50.860.550.560.850.870.740.990.860.80.95-0.830.890.720.91
-0.410.490.220.60.280.730.120.7-0.470.180.160.230.550.680.210.230.510.450.220.680.61-0.480.240.650.4
-0.310.580.270.320.520.810.190.67-0.090.030.40.50.560.680.20.50.350.490.220.610.64-0.350.30.510.56
-0.230.870.990.340.680.10.840.730.040.940.560.840.850.210.20.850.750.881.00.690.79-0.860.990.540.86
-0.290.940.880.350.830.450.730.810.050.650.621.00.870.230.50.850.650.890.860.710.85-0.750.90.610.97
-0.40.780.750.590.70.320.430.83-0.210.710.750.650.740.510.350.750.650.70.740.840.8-0.870.770.780.79
-0.370.970.90.420.740.510.850.87-0.040.760.490.880.990.450.490.880.890.70.90.750.92-0.810.910.660.9
-0.250.880.990.330.680.130.860.740.050.930.560.850.860.220.221.00.860.740.90.690.8-0.850.990.540.86
-0.370.850.720.670.770.560.430.93-0.290.610.570.710.80.680.610.690.710.840.750.690.87-0.840.740.840.86
-0.430.960.80.540.720.650.650.97-0.140.640.620.850.950.610.640.790.850.80.920.80.87-0.840.830.80.92
0.63-0.86-0.86-0.61-0.72-0.31-0.62-0.840.17-0.81-0.57-0.75-0.83-0.48-0.35-0.86-0.75-0.87-0.81-0.85-0.84-0.84-0.87-0.87-0.84
-0.270.921.00.350.790.190.820.790.070.910.60.890.890.240.30.990.90.770.910.990.740.83-0.870.590.91
-0.780.750.570.790.640.620.340.83-0.40.440.490.610.720.650.510.540.610.780.660.540.840.8-0.870.590.74
-0.350.980.890.480.870.520.670.91-0.060.690.670.970.910.40.560.860.970.790.90.860.860.92-0.840.910.74
Click cells to compare fundamentals

Zoetis Account Relationship Matchups

Zoetis fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding481.8M478.6M476.7M470.4M462.3M389.2M
Total Assets11.5B13.6B13.9B14.9B14.3B10.5B
Short Long Term Debt Total6.6B7.4B6.7B8.1B6.8B5.1B
Other Current Liab55M93M1.3B1.4B1.4B1.5B
Total Current Liabilities1.8B2.2B1.8B3.2B1.9B1.7B
Total Stockholder Equity2.7B3.8B4.5B4.4B5.0B3.2B
Other Liab917M891M811M585M672.8M614.3M
Property Plant And Equipment Net2.1B2.4B2.6B3.0B3.4B2.0B
Current Deferred Revenue950M1.0B6M5M4.5M4.3M
Net Debt4.7B3.8B3.3B4.5B4.8B3.4B
Accounts Payable301M457M436M405M411M367.5M
Cash1.9B3.6B3.5B3.6B2.0B1.7B
Non Current Assets Total6.8B7.0B7.0B7.4B7.9B5.6B
Other Assets160M392M211M320M368M222.8M
Long Term Debt5.9B6.6B6.6B6.6B6.6B4.8B
Cash And Short Term Investments1.9B3.6B3.5B3.6B2.0B1.7B
Net Receivables1.1B1.0B1.1B1.2B1.3B1.1B
Good Will2.6B2.7B2.7B2.7B2.8B2.0B
Liabilities And Stockholders Equity11.5B13.6B13.9B14.9B14.3B10.5B
Non Current Liabilities Total7.0B7.7B7.6B7.4B7.4B5.6B
Inventory1.4B1.6B1.9B2.3B2.6B1.7B
Other Current Assets318M366M389M365M434M301.3M
Other Stockholder Equity(998M)(1.2B)(1.9B)(3.5B)(4.5B)(4.2B)
Total Liab8.8B9.8B9.4B10.5B9.3B7.3B
Property Plant And Equipment Gross2.1B2.2B4.7B5.3B6.0B6.3B
Total Current Assets4.7B6.6B6.9B7.5B6.3B4.9B
Accumulated Other Comprehensive Income(726M)(730M)(764M)(817M)(839M)(797.1M)
Short Term Debt500M604M41M1.4B51M48.5M
Intangible Assets1.9B1.7B1.5B1.4B1.3B1.4B
Property Plant Equipment1.9B2.2B2.4B2.8B3.2B1.8B
Retained Earnings4.4B5.7B7.2B8.7B10.3B10.8B
Retained Earnings Total Equity4.4B5.7B7.2B8.7B10.0B10.5B
Deferred Long Term Liab434M378M320M142M163.3M290.0M
Treasury Stock(2.0B)(2.2B)(3.0B)(4.5B)(4.1B)(3.9B)
Net Tangible Assets(1.8B)(635M)387M279M320.9M336.9M

Zoetis Investors Sentiment

The influence of Zoetis' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Zoetis. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Zoetis' public news can be used to forecast risks associated with an investment in Zoetis. The trend in average sentiment can be used to explain how an investor holding Zoetis can time the market purely based on public headlines and social activities around Zoetis Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Zoetis' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Zoetis' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Zoetis' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Zoetis.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Zoetis in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Zoetis' short interest history, or implied volatility extrapolated from Zoetis options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Zoetis Inc is a strong investment it is important to analyze Zoetis' 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 Zoetis' future performance. For an informed investment choice regarding Zoetis Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zoetis Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

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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
0.164
Dividend Share
1.5
Earnings Share
5.07
Revenue Per Share
18.527
Quarterly Revenue Growth
0.085
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.