Globalfoundries Fixed Asset Turnover from 2010 to 2024
| GFS Stock | USD 49.09 1.16 2.42% |
Fixed Asset Turnover | First Reported 2010-12-31 | Previous Quarter 0.72727273 | Current Value 0.55 | Quarterly Volatility 0.06432523 |
Check Globalfoundries financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Globalfoundries' main balance sheet or income statement drivers, such as Tax Provision of 59.4 M, Net Interest Income of 2.1 M or Interest Income of 156.4 M, as well as many indicators such as Price To Sales Ratio of 6.36, Dividend Yield of 0.0 or PTB Ratio of 4.77. Globalfoundries financial statements analysis is a perfect complement when working with Globalfoundries Valuation or Volatility modules.
Globalfoundries | Fixed Asset Turnover |
Latest Globalfoundries' Fixed Asset Turnover Growth Pattern
Below is the plot of the Fixed Asset Turnover of Globalfoundries over the last few years. It is Globalfoundries' Fixed Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Globalfoundries' overall financial position and show how it may be relating to other accounts over time.
| Fixed Asset Turnover | 10 Years Trend |
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Fixed Asset Turnover |
| Timeline |
Globalfoundries Fixed Asset Turnover Regression Statistics
| Arithmetic Mean | 0.63 | |
| Geometric Mean | 0.63 | |
| Coefficient Of Variation | 10.23 | |
| Mean Deviation | 0.05 | |
| Median | 0.60 | |
| Standard Deviation | 0.06 | |
| Sample Variance | 0 | |
| Range | 0.2152 | |
| R-Value | 0.43 | |
| Mean Square Error | 0 | |
| R-Squared | 0.18 | |
| Significance | 0.11 | |
| Slope | 0.01 | |
| Total Sum of Squares | 0.06 |
Globalfoundries Fixed Asset Turnover History
About Globalfoundries Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Globalfoundries income statement, its balance sheet, and the statement of cash flows. Globalfoundries investors use historical funamental indicators, such as Globalfoundries's Fixed Asset Turnover, to determine how well the company is positioned to perform in the future. Although Globalfoundries investors may use each financial statement separately, they are all related. The changes in Globalfoundries's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Globalfoundries'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 Globalfoundries Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Globalfoundries. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Fixed Asset Turnover | 0.73 | 0.55 |
Pair Trading with Globalfoundries
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 Globalfoundries 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 Globalfoundries will appreciate offsetting losses from the drop in the long position's value.Moving together with Globalfoundries Stock
The ability to find closely correlated positions to Globalfoundries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Globalfoundries 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 Globalfoundries - 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 Globalfoundries to buy it.
The correlation of Globalfoundries 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 Globalfoundries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Globalfoundries 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 Globalfoundries 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.Additional Tools for Globalfoundries Stock Analysis
When running Globalfoundries' price analysis, check to measure Globalfoundries' 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 Globalfoundries is operating at the current time. Most of Globalfoundries' value examination focuses on studying past and present price action to predict the probability of Globalfoundries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globalfoundries' price. Additionally, you may evaluate how the addition of Globalfoundries to your portfolios can decrease your overall portfolio volatility.