Chemours Inventory Turnover from 2010 to 2024
CC Stock | USD 26.43 0.52 2.01% |
Inventory Turnover | First Reported 2010-12-31 | Previous Quarter 3.48816568 | Current Value 4.98 | Quarterly Volatility 0.60634954 |
Check Chemours financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Chemours main balance sheet or income statement drivers, such as Depreciation And Amortization of 313.9 M, Interest Expense of 146.3 M or Selling General Administrative of 797.3 M, as well as many exotic indicators such as Price To Sales Ratio of 0.55, Dividend Yield of 0.0409 or PTB Ratio of 8.43. Chemours financial statements analysis is a perfect complement when working with Chemours Valuation or Volatility modules.
Chemours | Inventory Turnover |
Latest Chemours' Inventory Turnover Growth Pattern
Below is the plot of the Inventory Turnover of Chemours 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. Chemours' Inventory Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Chemours' overall financial position and show how it may be relating to other accounts over time.
Inventory Turnover | 10 Years Trend |
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Inventory Turnover |
Timeline |
Chemours Inventory Turnover Regression Statistics
Arithmetic Mean | 4.64 | |
Geometric Mean | 4.60 | |
Coefficient Of Variation | 13.07 | |
Mean Deviation | 0.50 | |
Median | 4.82 | |
Standard Deviation | 0.61 | |
Sample Variance | 0.37 | |
Range | 2.1051 | |
R-Value | (0.67) | |
Mean Square Error | 0.22 | |
R-Squared | 0.45 | |
Significance | 0.01 | |
Slope | (0.09) | |
Total Sum of Squares | 5.15 |
Chemours Inventory Turnover History
About Chemours Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Chemours income statement, its balance sheet, and the statement of cash flows. Chemours investors use historical funamental indicators, such as Chemours's Inventory Turnover, to determine how well the company is positioned to perform in the future. Although Chemours investors may use each financial statement separately, they are all related. The changes in Chemours's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Chemours'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 Chemours Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Chemours. Please read more on our technical analysis and fundamental analysis pages.
Last Reported | Projected for Next Year | ||
Inventory Turnover | 3.49 | 4.98 |
Pair Trading with Chemours
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 Chemours 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 Chemours will appreciate offsetting losses from the drop in the long position's value.Moving against Chemours Stock
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The ability to find closely correlated positions to Chemours could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chemours 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 Chemours - 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 Chemours Co to buy it.
The correlation of Chemours 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 Chemours moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chemours 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 Chemours 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 Chemours Correlation against competitors. Note that the Chemours information on this page should be used as a complementary analysis to other Chemours' 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 the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Chemours Stock analysis
When running Chemours' price analysis, check to measure Chemours' 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 Chemours is operating at the current time. Most of Chemours' value examination focuses on studying past and present price action to predict the probability of Chemours' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chemours' price. Additionally, you may evaluate how the addition of Chemours to your portfolios can decrease your overall portfolio volatility.
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Is Chemours' 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 Chemours. If investors know Chemours 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 Chemours 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 (0.91) | Dividend Share 1 | Earnings Share (1.60) | Revenue Per Share 40.473 | Quarterly Revenue Growth 0.017 |
The market value of Chemours is measured differently than its book value, which is the value of Chemours that is recorded on the company's balance sheet. Investors also form their own opinion of Chemours' value that differs from its market value or its book value, called intrinsic value, which is Chemours' 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 Chemours' market value can be influenced by many factors that don't directly affect Chemours' 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 Chemours' value and its price as these two are different measures arrived at by different means. Investors typically determine if Chemours is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chemours' 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.