McGrath Fixed Asset Turnover from 2010 to 2024
| MGRC Stock | USD 110.76 0.53 0.48% |
Fixed Asset Turnover | First Reported 2010-12-31 | Previous Quarter 0.55513979 | Current Value 0.55 | Quarterly Volatility 0.05288216 |
Check McGrath RentCorp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among McGrath main balance sheet or income statement drivers, such as Interest Expense of 42.6 M, Total Revenue of 873.4 M or Gross Profit of 413.3 M, as well as many exotic indicators such as Price To Sales Ratio of 1.87, Dividend Yield of 0.02 or PTB Ratio of 1.93. McGrath financial statements analysis is a perfect complement when working with McGrath RentCorp Valuation or Volatility modules.
McGrath | Fixed Asset Turnover |
Latest McGrath RentCorp's Fixed Asset Turnover Growth Pattern
Below is the plot of the Fixed Asset Turnover of McGrath RentCorp over the last few years. It is McGrath RentCorp's Fixed Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in McGrath RentCorp'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 |
McGrath Fixed Asset Turnover Regression Statistics
| Arithmetic Mean | 0.48 | |
| Geometric Mean | 0.48 | |
| Coefficient Of Variation | 10.93 | |
| Mean Deviation | 0.05 | |
| Median | 0.47 | |
| Standard Deviation | 0.05 | |
| Sample Variance | 0 | |
| Range | 0.1638 | |
| R-Value | 0.88 | |
| Mean Square Error | 0.0007 | |
| R-Squared | 0.78 | |
| Significance | 0.000013 | |
| Slope | 0.01 | |
| Total Sum of Squares | 0.04 |
McGrath Fixed Asset Turnover History
About McGrath RentCorp Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include McGrath RentCorp income statement, its balance sheet, and the statement of cash flows. McGrath RentCorp investors use historical funamental indicators, such as McGrath RentCorp's Fixed Asset Turnover, to determine how well the company is positioned to perform in the future. Although McGrath RentCorp investors may use each financial statement separately, they are all related. The changes in McGrath RentCorp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on McGrath RentCorp'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 McGrath RentCorp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in McGrath RentCorp. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Fixed Asset Turnover | 0.56 | 0.55 |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether McGrath RentCorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of McGrath RentCorp's 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 Mcgrath Rentcorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mcgrath Rentcorp Stock:Check out the analysis of McGrath RentCorp Correlation against competitors. For information on how to trade McGrath Stock refer to our How to Trade McGrath Stock guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for McGrath Stock analysis
When running McGrath RentCorp's price analysis, check to measure McGrath RentCorp'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 McGrath RentCorp is operating at the current time. Most of McGrath RentCorp's value examination focuses on studying past and present price action to predict the probability of McGrath RentCorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McGrath RentCorp's price. Additionally, you may evaluate how the addition of McGrath RentCorp to your portfolios can decrease your overall portfolio volatility.
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Is McGrath RentCorp'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 McGrath RentCorp. If investors know McGrath 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 McGrath RentCorp 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 (0.68) | Dividend Share 1.87 | Earnings Share 5.02 | Revenue Per Share 34.946 | Quarterly Revenue Growth 0.147 |
The market value of McGrath RentCorp is measured differently than its book value, which is the value of McGrath that is recorded on the company's balance sheet. Investors also form their own opinion of McGrath RentCorp's value that differs from its market value or its book value, called intrinsic value, which is McGrath RentCorp'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 McGrath RentCorp's market value can be influenced by many factors that don't directly affect McGrath RentCorp'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 McGrath RentCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if McGrath RentCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McGrath RentCorp'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.