Quest Inventory from 2010 to 2024

DGX Stock  USD 136.70  6.61  5.08%   
Quest Diagnostics Inventory yearly trend continues to be fairly stable with very little volatility. Inventory will likely drop to about 104 M in 2024. During the period from 2010 to 2024, Quest Diagnostics Inventory regression line of annual values had r-squared of  0.53 and arithmetic mean of  120,779,186. View All Fundamentals
 
Inventory  
First Reported
1996-09-30
Previous Quarter
184 M
Current Value
190 M
Quarterly Volatility
47.6 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Quest Diagnostics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Quest main balance sheet or income statement drivers, such as Depreciation And Amortization of 280.4 M, Interest Expense of 99.3 M or Selling General Administrative of 1.5 B, as well as many exotic indicators such as Price To Sales Ratio of 1.13, Dividend Yield of 0.0214 or PTB Ratio of 3.0. Quest financial statements analysis is a perfect complement when working with Quest Diagnostics Valuation or Volatility modules.
  
This module can also supplement Quest Diagnostics' financial leverage analysis and stock options assessment as well as various Quest Diagnostics Technical models . Check out the analysis of Quest Diagnostics Correlation against competitors.

Latest Quest Diagnostics' Inventory Growth Pattern

Below is the plot of the Inventory of Quest Diagnostics Incorporated over the last few years. It is Quest Diagnostics' Inventory historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Quest Diagnostics' overall financial position and show how it may be relating to other accounts over time.
Inventory10 Years Trend
Slightly volatile
   Inventory   
       Timeline  

Quest Inventory Regression Statistics

Arithmetic Mean120,779,186
Geometric Mean108,328,386
Coefficient Of Variation46.15
Mean Deviation44,280,543
Median99,000,000
Standard Deviation55,733,634
Sample Variance3106.2T
Range194.5M
R-Value0.73
Mean Square Error1586.7T
R-Squared0.53
Significance0
Slope9,035,638
Total Sum of Squares43487.3T

Quest Inventory History

2024104 M
2023190 M
2022192 M
2021208 M
2020223 M
2019123 M
201899 M

Other Fundumenentals of Quest Diagnostics

About Quest Diagnostics Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Quest Diagnostics income statement, its balance sheet, and the statement of cash flows. Quest Diagnostics investors use historical funamental indicators, such as Quest Diagnostics's Inventory, to determine how well the company is positioned to perform in the future. Although Quest Diagnostics investors may use each financial statement separately, they are all related. The changes in Quest Diagnostics's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Quest Diagnostics'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 Quest Diagnostics Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Quest Diagnostics. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Inventory190 M104 M
Change To Inventory-23 M-21.9 M
Inventory Turnover 33.11  33.12 
Days Of Inventory On Hand 11.02  10.21 
Average Inventory 0.00  0.00 
Days Of Inventory Outstanding 11.02  10.21 
When determining whether Quest Diagnostics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Quest Diagnostics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Quest Diagnostics Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Quest Diagnostics Incorporated Stock:
Check out the analysis of Quest Diagnostics Correlation against competitors.
Note that the Quest Diagnostics information on this page should be used as a complementary analysis to other Quest Diagnostics' 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Complementary Tools for Quest Stock analysis

When running Quest Diagnostics' price analysis, check to measure Quest Diagnostics' 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 Quest Diagnostics is operating at the current time. Most of Quest Diagnostics' value examination focuses on studying past and present price action to predict the probability of Quest Diagnostics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quest Diagnostics' price. Additionally, you may evaluate how the addition of Quest Diagnostics to your portfolios can decrease your overall portfolio volatility.
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Is Quest Diagnostics' 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 Quest Diagnostics. If investors know Quest 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 Quest Diagnostics 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
0.868
Dividend Share
2.84
Earnings Share
7.49
Revenue Per Share
82.607
Quarterly Revenue Growth
(0.02)
The market value of Quest Diagnostics is measured differently than its book value, which is the value of Quest that is recorded on the company's balance sheet. Investors also form their own opinion of Quest Diagnostics' value that differs from its market value or its book value, called intrinsic value, which is Quest Diagnostics' 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 Quest Diagnostics' market value can be influenced by many factors that don't directly affect Quest Diagnostics' 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 Quest Diagnostics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Quest Diagnostics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quest Diagnostics' 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.