CommScope Inventory Turnover from 2010 to 2024
| COMM Stock | USD 1.06 0.06 6.00% |
Inventory Turnover | First Reported 2010-12-31 | Previous Quarter 3.67833657 | Current Value 6.28 | Quarterly Volatility 1.11425577 |
Check CommScope Holding financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CommScope main balance sheet or income statement drivers, such as Depreciation And Amortization of 495.4 M, Interest Expense of 381.8 M or Selling General Administrative of 866.3 M, as well as many exotic indicators such as Price To Sales Ratio of 0.0976, Dividend Yield of 0.0107 or Days Sales Outstanding of 72.5. CommScope financial statements analysis is a perfect complement when working with CommScope Holding Valuation or Volatility modules.
CommScope | Inventory Turnover |
Latest CommScope Holding's Inventory Turnover Growth Pattern
Below is the plot of the Inventory Turnover of CommScope Holding Co over the last few years. It is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. CommScope Holding's Inventory Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in CommScope Holding's overall financial position and show how it may be relating to other accounts over time.
| Inventory Turnover | 10 Years Trend |
|
Inventory Turnover |
| Timeline |
CommScope Inventory Turnover Regression Statistics
| Arithmetic Mean | 5.83 | |
| Geometric Mean | 5.72 | |
| Coefficient Of Variation | 19.10 | |
| Mean Deviation | 0.87 | |
| Median | 6.11 | |
| Standard Deviation | 1.11 | |
| Sample Variance | 1.24 | |
| Range | 3.5698 | |
| R-Value | (0.75) | |
| Mean Square Error | 0.58 | |
| R-Squared | 0.57 | |
| Significance | 0 | |
| Slope | (0.19) | |
| Total Sum of Squares | 17.38 |
CommScope Inventory Turnover History
About CommScope Holding Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include CommScope Holding income statement, its balance sheet, and the statement of cash flows. CommScope Holding investors use historical funamental indicators, such as CommScope Holding's Inventory Turnover, to determine how well the company is positioned to perform in the future. Although CommScope Holding investors may use each financial statement separately, they are all related. The changes in CommScope Holding's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on CommScope Holding'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 CommScope Holding Financial Statements. Understanding these patterns can help to make the right decision on long term investment in CommScope Holding. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Inventory Turnover | 3.68 | 6.28 |
Pair Trading with CommScope Holding
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 CommScope Holding 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 CommScope Holding will appreciate offsetting losses from the drop in the long position's value.Moving together with CommScope Stock
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Moving against CommScope Stock
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The ability to find closely correlated positions to CommScope Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CommScope Holding 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 CommScope Holding - 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 CommScope Holding Co to buy it.
The correlation of CommScope Holding 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 CommScope Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CommScope Holding 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 CommScope Holding 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 CommScope Holding Correlation against competitors. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for CommScope Stock analysis
When running CommScope Holding's price analysis, check to measure CommScope Holding'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 CommScope Holding is operating at the current time. Most of CommScope Holding's value examination focuses on studying past and present price action to predict the probability of CommScope Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CommScope Holding's price. Additionally, you may evaluate how the addition of CommScope Holding to your portfolios can decrease your overall portfolio volatility.
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Is CommScope Holding'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 CommScope Holding. If investors know CommScope 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 CommScope Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.33) | Revenue Per Share 27.45 | Quarterly Revenue Growth (0.49) | Return On Assets 0.0308 | Return On Equity (18.38) |
The market value of CommScope Holding is measured differently than its book value, which is the value of CommScope that is recorded on the company's balance sheet. Investors also form their own opinion of CommScope Holding's value that differs from its market value or its book value, called intrinsic value, which is CommScope Holding'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 CommScope Holding's market value can be influenced by many factors that don't directly affect CommScope Holding'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 CommScope Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if CommScope Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CommScope Holding'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.