Heska Return on Average Assets Trend from 2010 to 2021

HSKA -  USA Stock  

USD 170.95  4.26  2.43%

Heska Corp Return on Average Assets are decreasing over the years with slightly volatile fluctuation. Return on Average Assets are expected to dwindle to -0.04. From 2010 to 2021 Heska Corp Return on Average Assets quarterly data regression line had arithmetic mean of 0.0225 and r-squared of  0.14. Heska Corp Direct Expenses is projected to increase significantly based on the last few years of reporting. The past year's Direct Expenses was at 116.03 Million. The current year Interest Expense is expected to grow to about 6 M, whereas Consolidated Income is forecasted to decline to (15.1 M).

Heska Historical Trends 

 
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Check Heska Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Heska main balance sheet or income statement drivers, such as Direct Expenses of 125.2 M, Cost of Revenue of 97.3 M or Gross Profit of 69.1 M, as well as many exotic indicators such as Interest Coverage of 0.13, Long Term Debt to Equity of 0.18 or PPandE Turnover of 9.37. Heska financial statements analysis is a perfect complement when working with Heska Corp Valuation or Volatility modules. It can also supplement various Heska Corp Technical models. Please check the analysis of Heska Corp Correlation against competitors.

Heska Return on Average Assets Breakdown

Showing smoothed Return on Average Assets of Heska Corp with missing and latest data points interpolated. Return on assets measures how profitable a company is Net Income Common Stock relative to its total assets [AssetsAvg].Heska Corp's Return on Average Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Heska Corp's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 0.44 %10 Years Trend
Decreasing
Slightly volatile
 Return on Average Assets 
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      Timeline 

Heska Return on Average Assets Regression Statistics

Arithmetic Mean 0.0225
Geometric Mean 0.031801
Coefficient Of Variation 179.21
Mean Deviation 0.03175
Median 0.034
Standard Deviation 0.040323
Sample Variance 0.001626
Range 0.13
R-Value(0.37)
Mean Square Error 0.001544
R-Squared 0.14
Significance 0.24
Slope(0.004133)
Total Sum of Squares 0.017885

Heska Return on Average Assets History

2012  0.019 
2013 (0.013) 
2014  0.027 
2015  0.05 
2016  0.09 
2017  0.07 
2018  0.041 
2019 (0.007) 
2020 (0.038) 
2021 (0.039) 

About Heska Corp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Heska Corp income statement, its balance sheet, and the statement of cash flows. Heska Corp investors use historical funamental indicators, such as Heska Corp's Return on Average Assets, to determine how well the company is positioned to perform in the future. Although Heska Corp investors may use each financial statement separately, they are all related. The changes in Heska Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Heska Corp'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 Heska Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Heska Corp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2021
Return on Average Assets(0.038) (0.039) 
Average Assets377.9 M407.7 M
Average Equity275.7 M297.4 M
Invested Capital Average172.9 M186.6 M
Heska Corporation manufactures, sells, and markets veterinary diagnostic and specialty products for canine and feline healthcare markets in the United States, Canada, Mexico, Australia, France, Germany, Italy, Malaysia, Spain, and Switzerland. Heska Corporation was founded in 1988 and is based in Loveland, Colorado. Heska Corp operates under Diagnostics Research classification in the United States and is traded on NASDAQ Exchange. It employs 602 people.

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Please check the analysis of Heska Corp Correlation against competitors. Note that the Heska Corp information on this page should be used as a complementary analysis to other Heska Corp'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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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Is Heska Corp'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 Heska Corp. If investors know Heska 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 Heska Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Heska Corp is measured differently than its book value, which is the value of Heska that is recorded on the company's balance sheet. Investors also form their own opinion of Heska Corp's value that differs from its market value or its book value, called intrinsic value, which is Heska Corp'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 Heska Corp's market value can be influenced by many factors that don't directly affect Heska Corp'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 Heska Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Heska Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heska Corp'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.