ESCO Inventory Turnover from 2010 to 2024

ESE Stock  USD 105.94  2.60  2.52%   
ESCO Technologies' Inventory Turnover is increasing over the years with stable fluctuation. Overall, Inventory Turnover is expected to go to 4.85 this year. Inventory Turnover is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. View All Fundamentals
 
Inventory Turnover  
First Reported
2010-12-31
Previous Quarter
3.63
Current Value
4.85
Quarterly Volatility
0.44020319
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check ESCO Technologies financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ESCO main balance sheet or income statement drivers, such as Depreciation And Amortization of 61 M, Interest Expense of 10.6 M or Total Revenue of 599.8 M, as well as many exotic indicators such as Short Term Coverage Ratios of 4.2, Price Earnings Ratio of 24.9 or Price To Sales Ratio of 2.66. ESCO financial statements analysis is a perfect complement when working with ESCO Technologies Valuation or Volatility modules.
  
This module can also supplement ESCO Technologies' financial leverage analysis and stock options assessment as well as various ESCO Technologies Technical models . Check out the analysis of ESCO Technologies Correlation against competitors.
For information on how to trade ESCO Stock refer to our How to Trade ESCO Stock guide.

Latest ESCO Technologies' Inventory Turnover Growth Pattern

Below is the plot of the Inventory Turnover of ESCO Technologies 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. ESCO Technologies' Inventory Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in ESCO Technologies' overall financial position and show how it may be relating to other accounts over time.
Inventory Turnover10 Years Trend
Pretty Stable
   Inventory Turnover   
       Timeline  

ESCO Inventory Turnover Regression Statistics

Arithmetic Mean3.55
Geometric Mean3.52
Coefficient Of Variation12.42
Mean Deviation0.30
Median3.44
Standard Deviation0.44
Sample Variance0.19
Range1.8255
R-Value0.20
Mean Square Error0.20
R-Squared0.04
Significance0.48
Slope0.02
Total Sum of Squares2.71

ESCO Inventory Turnover History

2024 4.85
2023 3.63
2022 3.15
2021 3.24
2020 3.02
2018 3.95
2017 3.62

About ESCO Technologies Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include ESCO Technologies income statement, its balance sheet, and the statement of cash flows. ESCO Technologies investors use historical funamental indicators, such as ESCO Technologies's Inventory Turnover, to determine how well the company is positioned to perform in the future. Although ESCO Technologies investors may use each financial statement separately, they are all related. The changes in ESCO Technologies's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ESCO Technologies'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 ESCO Technologies Financial Statements. Understanding these patterns can help to make the right decision on long term investment in ESCO Technologies. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Inventory Turnover 3.63  4.85 

Pair Trading with ESCO Technologies

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 ESCO Technologies 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 ESCO Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with ESCO Stock

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The ability to find closely correlated positions to ESCO Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ESCO Technologies 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 ESCO Technologies - 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 ESCO Technologies to buy it.
The correlation of ESCO Technologies 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 ESCO Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ESCO Technologies 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 ESCO Technologies 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
When determining whether ESCO Technologies is a strong investment it is important to analyze ESCO Technologies' 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 ESCO Technologies' future performance. For an informed investment choice regarding ESCO Stock, refer to the following important reports:
Check out the analysis of ESCO Technologies Correlation against competitors.
For information on how to trade ESCO Stock refer to our How to Trade ESCO Stock guide.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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When running ESCO Technologies' price analysis, check to measure ESCO Technologies' 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 ESCO Technologies is operating at the current time. Most of ESCO Technologies' value examination focuses on studying past and present price action to predict the probability of ESCO Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ESCO Technologies' price. Additionally, you may evaluate how the addition of ESCO Technologies to your portfolios can decrease your overall portfolio volatility.
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Is ESCO Technologies' 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 ESCO Technologies. If investors know ESCO 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 ESCO Technologies 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
(0.10)
Dividend Share
0.32
Earnings Share
3.6
Revenue Per Share
37.573
Quarterly Revenue Growth
0.088
The market value of ESCO Technologies is measured differently than its book value, which is the value of ESCO that is recorded on the company's balance sheet. Investors also form their own opinion of ESCO Technologies' value that differs from its market value or its book value, called intrinsic value, which is ESCO Technologies' 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 ESCO Technologies' market value can be influenced by many factors that don't directly affect ESCO Technologies' 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 ESCO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if ESCO Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESCO Technologies' 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.