Abcam Asset Turnover Trend from 2010 to 2022

ABCM
 Stock
  

USD 14.93  0.25  1.70%   

Abcam Plc Asset Turnover yearly trend continues to be relatively stable with very little volatility. Asset Turnover may rise above 0.33 this year. During the period from 2010 to 2022, Abcam Plc Asset Turnover yarly data series regression line had median of 0.41 and sample variance of  0.001363. Abcam Plc Operating Income is relatively stable at the moment as compared to the past year. The company's current value of Operating Income is estimated at 6.56 Million. Research and Development Expense is expected to hike to about 32.5 M this year, although the value of Gross Profit will most likely fall to nearly 249.4 M.
  
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Check Abcam Plc financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Abcam main balance sheet or income statement drivers, such as Consolidated Income of 4.1 M, Cost of Revenue of 102.7 M or Earning Before Interest and Taxes EBIT of 1.8 M, as well as many exotic indicators such as Asset Turnover of 0.33, Book Value per Share of 3.24 or Current Ratio of 1.47. Abcam financial statements analysis is a perfect complement when working with Abcam Plc Valuation or Volatility modules. It can also supplement various Abcam Plc Technical models. Please continue to the analysis of Abcam Plc Correlation against competitors.

Abcam Asset Turnover Breakdown

Showing smoothed Asset Turnover of Abcam Plc ADR with missing and latest data points interpolated. Asset turnover is a measure of a firms operating efficiency; calculated by dividing Revenues by Average Assets. Often a component of DuPont ROE analysis.Abcam Plc's Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Abcam Plc's overall financial position and show how it may be relating to other accounts over time.
Asset Turnover10 Years Trend
Decreasing
Slightly volatile
 Asset Turnover 
Share
      Timeline 

Abcam Asset Turnover Regression Statistics

Arithmetic Mean 0.40
Geometric Mean 0.39
Coefficient Of Variation 9.33
Mean Deviation 0.02943
Median 0.41
Standard Deviation 0.036921
Sample Variance 0.001363
Range 0.09
R-Value(0.73)
Mean Square Error 0.00068509
R-Squared 0.54
Significance 0.004255
Slope(0.006962)
Total Sum of Squares 0.016358

Abcam Asset Turnover History

2020 0.35
2021 0.32
2022 0.33

About Abcam Plc Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Abcam Plc income statement, its balance sheet, and the statement of cash flows. Abcam Plc investors use historical funamental indicators, such as Abcam Plc's Asset Turnover, to determine how well the company is positioned to perform in the future. Although Abcam Plc investors may use each financial statement separately, they are all related. The changes in Abcam Plc's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Abcam Plc'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 Abcam Plc Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Abcam Plc. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Asset Turnover 0.32  0.33 
Average AssetsB988.9 M
Tangible Asset Value445.2 M440.9 M
Abcam plc, a life science company, focuses on identifying, developing, and distributing reagents and tools for scientific research, diagnostics, and drug discovery. Abcam plc was incorporated in 1998 and is headquartered in Cambridge, the United Kingdom. Abcam Plc operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 1650 people.

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Our tools can tell you how much better you can do entering a position in Abcam Plc without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Abcam Plc

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

Abcam Plc Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Abcam Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abcam Plc 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 Abcam Plc - 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 Abcam Plc ADR to buy it.
The correlation of Abcam Plc is a statistical measure of how it moves in relation to other equities. 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 Abcam Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abcam Plc ADR 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 Abcam Plc 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
Please continue to the analysis of Abcam Plc Correlation against competitors. Note that the Abcam Plc ADR information on this page should be used as a complementary analysis to other Abcam Plc's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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When running Abcam Plc ADR price analysis, check to measure Abcam Plc'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 Abcam Plc is operating at the current time. Most of Abcam Plc's value examination focuses on studying past and present price action to predict the probability of Abcam Plc's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Abcam Plc's price. Additionally, you may evaluate how the addition of Abcam Plc to your portfolios can decrease your overall portfolio volatility.
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Is Abcam Plc'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 Abcam Plc. If investors know Abcam 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 Abcam Plc 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 YOY
-0.58
Market Capitalization
3.4 B
Quarterly Revenue Growth YOY
0.23
Return On Assets
0.0326
Return On Equity
0.0069
The market value of Abcam Plc ADR is measured differently than its book value, which is the value of Abcam that is recorded on the company's balance sheet. Investors also form their own opinion of Abcam Plc's value that differs from its market value or its book value, called intrinsic value, which is Abcam Plc'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 Abcam Plc's market value can be influenced by many factors that don't directly affect Abcam Plc'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 Abcam Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine Abcam Plc value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Abcam Plc'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.