Spectral Asset Turnover from 2010 to 2024

MDAI Stock   1.62  0.07  4.52%   
Spectral's Asset Turnover is increasing with slightly volatile movements from year to year. Asset Turnover is predicted to flatten to 1.03. Asset Turnover is the ratio of net sales to average total assets, indicating how efficiently Spectral AI uses its assets to generate sales. View All Fundamentals
 
Asset Turnover  
First Reported
2010-12-31
Previous Quarter
1.68873924
Current Value
1.03
Quarterly Volatility
0.25447878
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Spectral financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Spectral's main balance sheet or income statement drivers, such as Income Tax Expense of 10.4 K, Tax Provision of 7 K or Net Interest Income of 180.6 K, as well as many indicators such as Price To Sales Ratio of 1.82, Dividend Yield of 0.0 or Days Sales Outstanding of 33.44. Spectral financial statements analysis is a perfect complement when working with Spectral Valuation or Volatility modules.
  
Check out the analysis of Spectral Correlation against competitors.

Latest Spectral's Asset Turnover Growth Pattern

Below is the plot of the Asset Turnover of Spectral AI over the last few years. It is the ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales. Spectral's Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Spectral's overall financial position and show how it may be relating to other accounts over time.
Asset Turnover10 Years Trend
Slightly volatile
   Asset Turnover   
       Timeline  

Spectral Asset Turnover Regression Statistics

Arithmetic Mean0.93
Geometric Mean0.91
Coefficient Of Variation27.39
Mean Deviation0.17
Median0.82
Standard Deviation0.25
Sample Variance0.06
Range0.8667
R-Value0.59
Mean Square Error0.05
R-Squared0.34
Significance0.02
Slope0.03
Total Sum of Squares0.91

Spectral Asset Turnover History

2024 1.03
2023 1.69
2022 1.36

Other Fundumenentals of Spectral AI

Spectral Asset Turnover component correlations

-0.75-0.92-0.580.860.14-0.61-0.640.780.670.71-0.65-0.68-0.6-0.650.740.76
-0.750.640.22-0.440.540.970.99-0.81-0.99-0.950.990.630.980.99-0.95-0.91
-0.920.640.74-0.91-0.20.480.54-0.55-0.55-0.50.540.520.520.54-0.53-0.59
-0.580.220.74-0.52-0.260.180.140.06-0.12-0.130.13-0.170.160.13-0.10.01
0.86-0.44-0.91-0.520.48-0.21-0.320.590.360.31-0.33-0.69-0.27-0.330.380.56
0.140.54-0.2-0.260.480.70.65-0.14-0.61-0.530.64-0.070.70.64-0.47-0.31
-0.610.970.480.18-0.210.70.98-0.69-0.97-0.950.980.450.990.98-0.93-0.81
-0.640.990.540.14-0.320.650.98-0.75-1.0-0.941.00.571.01.0-0.93-0.88
0.78-0.81-0.550.060.59-0.14-0.69-0.750.80.83-0.76-0.93-0.69-0.770.890.97
0.67-0.99-0.55-0.120.36-0.61-0.97-1.00.80.95-1.0-0.62-0.99-1.00.950.91
0.71-0.95-0.5-0.130.31-0.53-0.95-0.940.830.95-0.94-0.6-0.92-0.940.990.89
-0.650.990.540.13-0.330.640.981.0-0.76-1.0-0.940.580.991.0-0.94-0.89
-0.680.630.52-0.17-0.69-0.070.450.57-0.93-0.62-0.60.580.50.59-0.69-0.89
-0.60.980.520.16-0.270.70.991.0-0.69-0.99-0.920.990.50.99-0.91-0.83
-0.650.990.540.13-0.330.640.981.0-0.77-1.0-0.941.00.590.99-0.94-0.89
0.74-0.95-0.53-0.10.38-0.47-0.93-0.930.890.950.99-0.94-0.69-0.91-0.940.93
0.76-0.91-0.590.010.56-0.31-0.81-0.880.970.910.89-0.89-0.89-0.83-0.890.93
Click cells to compare fundamentals

About Spectral Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Spectral income statement, its balance sheet, and the statement of cash flows. Spectral investors use historical funamental indicators, such as Spectral's Asset Turnover, to determine how well the company is positioned to perform in the future. Although Spectral investors may use each financial statement separately, they are all related. The changes in Spectral's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Spectral'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 Spectral Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Spectral. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Fixed Asset Turnover 22.86  21.71 
Asset Turnover 1.69  1.03 

Currently Active Assets on Macroaxis

Additional Information and Resources on Investing in Spectral Stock

When determining whether Spectral AI is a strong investment it is important to analyze Spectral's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Spectral's future performance. For an informed investment choice regarding Spectral Stock, refer to the following important reports:
Check out the analysis of Spectral Correlation against competitors.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Is Health Care Equipment & Supplies space 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 Spectral. If investors know Spectral 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 Spectral listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.21)
Revenue Per Share
0.139
Quarterly Revenue Growth
(0.51)
Return On Assets
(0.48)
Return On Equity
(2.83)
The market value of Spectral AI is measured differently than its book value, which is the value of Spectral that is recorded on the company's balance sheet. Investors also form their own opinion of Spectral's value that differs from its market value or its book value, called intrinsic value, which is Spectral'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 Spectral's market value can be influenced by many factors that don't directly affect Spectral'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 Spectral's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spectral is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spectral'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.