Americas Inventory Turnover from 2010 to 2024
| CRMT Stock | USD 58.41 0.31 0.53% |
Inventory Turnover | First Reported 2010-12-31 | Previous Quarter 8.48 | Current Value 11.26 | Quarterly Volatility 1.65627471 |
Check Americas Car financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Americas main balance sheet or income statement drivers, such as Depreciation And Amortization of 6.8 M, Interest Expense of 32.8 M or Selling General Administrative of 206.4 M, as well as many exotic indicators such as Price To Sales Ratio of 0.39, Dividend Yield of 1.0E-4 or PTB Ratio of 1.22. Americas financial statements analysis is a perfect complement when working with Americas Car Valuation or Volatility modules.
Americas | Inventory Turnover |
Latest Americas Car's Inventory Turnover Growth Pattern
Below is the plot of the Inventory Turnover of Americas Car Mart 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. Americas Car's Inventory Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Americas Car's overall financial position and show how it may be relating to other accounts over time.
| Inventory Turnover | 10 Years Trend |
|
Inventory Turnover |
| Timeline |
Americas Inventory Turnover Regression Statistics
| Arithmetic Mean | 8.49 | |
| Geometric Mean | 8.33 | |
| Coefficient Of Variation | 19.52 | |
| Mean Deviation | 1.32 | |
| Median | 8.35 | |
| Standard Deviation | 1.66 | |
| Sample Variance | 2.74 | |
| Range | 5.5044 | |
| R-Value | 0.13 | |
| Mean Square Error | 2.91 | |
| R-Squared | 0.02 | |
| Significance | 0.65 | |
| Slope | 0.05 | |
| Total Sum of Squares | 38.41 |
Americas Inventory Turnover History
About Americas Car Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Americas Car income statement, its balance sheet, and the statement of cash flows. Americas Car investors use historical funamental indicators, such as Americas Car's Inventory Turnover, to determine how well the company is positioned to perform in the future. Although Americas Car investors may use each financial statement separately, they are all related. The changes in Americas Car's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Americas Car'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 Americas Car Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Americas Car. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Inventory Turnover | 8.48 | 11.26 |
Pair Trading with Americas Car
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 Americas Car 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 Americas Car will appreciate offsetting losses from the drop in the long position's value.Moving together with Americas Stock
| 0.69 | FL | Foot Locker Financial Report 17th of May 2024 | PairCorr |
Moving against Americas Stock
| 0.45 | JD | JD Inc Adr Aggressive Push | PairCorr |
The ability to find closely correlated positions to Americas Car could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Americas Car 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 Americas Car - 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 Americas Car Mart to buy it.
The correlation of Americas Car 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 Americas Car moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Americas Car Mart 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 Americas Car 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 Americas Car Correlation against competitors. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Americas Stock analysis
When running Americas Car's price analysis, check to measure Americas Car'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 Americas Car is operating at the current time. Most of Americas Car's value examination focuses on studying past and present price action to predict the probability of Americas Car's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Americas Car's price. Additionally, you may evaluate how the addition of Americas Car to your portfolios can decrease your overall portfolio volatility.
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Is Americas Car'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 Americas Car. If investors know Americas 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 Americas Car 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 (0.70) | Earnings Share (4.67) | Revenue Per Share 221.88 | Quarterly Revenue Growth (0.08) | Return On Assets 0.0098 |
The market value of Americas Car Mart is measured differently than its book value, which is the value of Americas that is recorded on the company's balance sheet. Investors also form their own opinion of Americas Car's value that differs from its market value or its book value, called intrinsic value, which is Americas Car'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 Americas Car's market value can be influenced by many factors that don't directly affect Americas Car'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 Americas Car's value and its price as these two are different measures arrived at by different means. Investors typically determine if Americas Car is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Americas Car'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.