Bassett Fixed Asset Turnover from 2010 to 2024
| BSET Stock | USD 13.99 0.01 0.07% |
Fixed Asset Turnover | First Reported 2010-12-31 | Previous Quarter 4.44425111 | Current Value 6.33 | Quarterly Volatility 1.30720947 |
Check Bassett Furniture financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Bassett main balance sheet or income statement drivers, such as Depreciation And Amortization of 10.2 M, Interest Expense of 18.8 K or Selling General Administrative of 130.1 M, as well as many exotic indicators such as Price To Sales Ratio of 0.65, Dividend Yield of 0.0431 or PTB Ratio of 1.18. Bassett financial statements analysis is a perfect complement when working with Bassett Furniture Valuation or Volatility modules.
Bassett | Fixed Asset Turnover |
Latest Bassett Furniture's Fixed Asset Turnover Growth Pattern
Below is the plot of the Fixed Asset Turnover of Bassett Furniture Industries over the last few years. It is Bassett Furniture's Fixed Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Bassett Furniture's overall financial position and show how it may be relating to other accounts over time.
| Fixed Asset Turnover | 10 Years Trend |
|
Fixed Asset Turnover |
| Timeline |
Bassett Fixed Asset Turnover Regression Statistics
| Arithmetic Mean | 3.71 | |
| Geometric Mean | 3.47 | |
| Coefficient Of Variation | 35.26 | |
| Mean Deviation | 1.11 | |
| Median | 4.36 | |
| Standard Deviation | 1.31 | |
| Sample Variance | 1.71 | |
| Range | 4.2197 | |
| R-Value | (0.18) | |
| Mean Square Error | 1.78 | |
| R-Squared | 0.03 | |
| Significance | 0.51 | |
| Slope | (0.05) | |
| Total Sum of Squares | 23.92 |
Bassett Fixed Asset Turnover History
About Bassett Furniture Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Bassett Furniture income statement, its balance sheet, and the statement of cash flows. Bassett Furniture investors use historical funamental indicators, such as Bassett Furniture's Fixed Asset Turnover, to determine how well the company is positioned to perform in the future. Although Bassett Furniture investors may use each financial statement separately, they are all related. The changes in Bassett Furniture's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Bassett Furniture'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 Bassett Furniture Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Bassett Furniture. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Fixed Asset Turnover | 4.44 | 6.33 |
Pair Trading with Bassett Furniture
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 Bassett Furniture 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 Bassett Furniture will appreciate offsetting losses from the drop in the long position's value.Moving together with Bassett Stock
| 0.73 | LEG | Leggett Platt rporated Earnings Call This Week | PairCorr |
| 0.87 | HOFT | Hooker Furniture Financial Report 13th of June 2024 | PairCorr |
| 0.78 | ATER | Aterian Earnings Call This Week | PairCorr |
Moving against Bassett Stock
| 0.73 | GM | General Motors Sell-off Trend | PairCorr |
| 0.7 | JD | JD Inc Adr Aggressive Push | PairCorr |
| 0.68 | BH | Biglari Holdings Earnings Call Tomorrow | PairCorr |
| 0.65 | SG | Sweetgreen | PairCorr |
| 0.56 | DOOO | BRP Inc Financial Report 6th of June 2024 | PairCorr |
The ability to find closely correlated positions to Bassett Furniture could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bassett Furniture 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 Bassett Furniture - 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 Bassett Furniture Industries to buy it.
The correlation of Bassett Furniture 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 Bassett Furniture moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bassett Furniture 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 Bassett Furniture 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 Bassett Furniture Correlation against competitors. Note that the Bassett Furniture information on this page should be used as a complementary analysis to other Bassett Furniture'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 the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Bassett Stock analysis
When running Bassett Furniture's price analysis, check to measure Bassett Furniture'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 Bassett Furniture is operating at the current time. Most of Bassett Furniture's value examination focuses on studying past and present price action to predict the probability of Bassett Furniture's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bassett Furniture's price. Additionally, you may evaluate how the addition of Bassett Furniture to your portfolios can decrease your overall portfolio volatility.
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Is Bassett Furniture'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 Bassett Furniture. If investors know Bassett 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 Bassett Furniture 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 (0.95) | Dividend Share 0.7 | Earnings Share (0.66) | Revenue Per Share 42.156 | Quarterly Revenue Growth (0.20) |
The market value of Bassett Furniture is measured differently than its book value, which is the value of Bassett that is recorded on the company's balance sheet. Investors also form their own opinion of Bassett Furniture's value that differs from its market value or its book value, called intrinsic value, which is Bassett Furniture'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 Bassett Furniture's market value can be influenced by many factors that don't directly affect Bassett Furniture'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 Bassett Furniture's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bassett Furniture is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bassett Furniture'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.