ArcelorMittal Fixed Asset Turnover from 2010 to 2024
MT Stock  USD 25.77 0.23 0.90% 
Fixed Asset Turnover  First Reported 20101231  Previous Quarter 2.02861303  Current Value 1.38  Quarterly Volatility 0.46671591 
Check ArcelorMittal financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ArcelorMittal main balance sheet or income statement drivers, such as Depreciation And Amortization of 3.5 B, Interest Expense of 137.8 M or Total Revenue of 59.6 B, as well as many exotic indicators such as Price To Sales Ratio of 0.64, Dividend Yield of 0.0256 or PTB Ratio of 0.42. ArcelorMittal financial statements analysis is a perfect complement when working with ArcelorMittal Valuation or Volatility modules.
ArcelorMittal  Fixed Asset Turnover 
Latest ArcelorMittal's Fixed Asset Turnover Growth Pattern
Below is the plot of the Fixed Asset Turnover of ArcelorMittal SA ADR over the last few years. It is ArcelorMittal's Fixed Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in ArcelorMittal'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 
ArcelorMittal Fixed Asset Turnover Regression Statistics
Arithmetic Mean  1.79  
Geometric Mean  1.73  
Coefficient Of Variation  26.01  
Mean Deviation  0.32  
Median  1.74  
Standard Deviation  0.47  
Sample Variance  0.22  
Range  1.9621  
RValue  0.58  
Mean Square Error  0.16  
RSquared  0.34  
Significance  0.02  
Slope  0.06  
Total Sum of Squares  3.05 
ArcelorMittal Fixed Asset Turnover History
About ArcelorMittal Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include ArcelorMittal income statement, its balance sheet, and the statement of cash flows. ArcelorMittal investors use historical funamental indicators, such as ArcelorMittal's Fixed Asset Turnover, to determine how well the company is positioned to perform in the future. Although ArcelorMittal investors may use each financial statement separately, they are all related. The changes in ArcelorMittal's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ArcelorMittal'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 ArcelorMittal Financial Statements. Understanding these patterns can help to make the right decision on long term investment in ArcelorMittal. Please read more on our technical analysis and fundamental analysis pages.
Last Reported  Projected for Next Year  
Fixed Asset Turnover  2.03  1.38 
Pair Trading with ArcelorMittal
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 ArcelorMittal 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 ArcelorMittal will appreciate offsetting losses from the drop in the long position's value.Moving together with ArcelorMittal Stock
0.66  RS  Reliance Steel Aluminum  PairCorr 
The ability to find closely correlated positions to ArcelorMittal could be a great tool in your taxloss harvesting strategies, allowing investors a quick way to find a similarenough asset to replace ArcelorMittal 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 ArcelorMittal  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 ArcelorMittal SA ADR to buy it.
The correlation of ArcelorMittal 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 ArcelorMittal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ArcelorMittal SA ADR 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 ArcelorMittal can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better riskadjusted return on your portfolios.Check out the analysis of ArcelorMittal Correlation against competitors. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for ArcelorMittal Stock analysis
When running ArcelorMittal's price analysis, check to measure ArcelorMittal'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 ArcelorMittal is operating at the current time. Most of ArcelorMittal's value examination focuses on studying past and present price action to predict the probability of ArcelorMittal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ArcelorMittal's price. Additionally, you may evaluate how the addition of ArcelorMittal to your portfolios can decrease your overall portfolio volatility.
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Is ArcelorMittal'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 ArcelorMittal. If investors know ArcelorMittal 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 ArcelorMittal 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 (0.09)  Dividend Share 0.5  Earnings Share 0.97  Revenue Per Share 39.817  Quarterly Revenue Growth (0.12) 
The market value of ArcelorMittal SA ADR is measured differently than its book value, which is the value of ArcelorMittal that is recorded on the company's balance sheet. Investors also form their own opinion of ArcelorMittal's value that differs from its market value or its book value, called intrinsic value, which is ArcelorMittal'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 ArcelorMittal's market value can be influenced by many factors that don't directly affect ArcelorMittal'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 ArcelorMittal's value and its price as these two are different measures arrived at by different means. Investors typically determine if ArcelorMittal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ArcelorMittal'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.