Noble Fixed Asset Turnover from 2010 to 2024

NE Stock  USD 45.29  1.22  2.77%   
Noble Plc's Fixed Asset Turnover is increasing over the years with slightly volatile fluctuation. Fixed Asset Turnover is expected to dwindle to 0.41. During the period from 2010 to 2024 Noble Plc Fixed Asset Turnover annual values regression line had geometric mean of  0.28 and mean square error of  0.02. View All Fundamentals
 
Fixed Asset Turnover  
First Reported
2010-12-31
Previous Quarter
0.62403058
Current Value
0.41
Quarterly Volatility
0.14464718
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Noble Plc financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Noble main balance sheet or income statement drivers, such as Depreciation And Amortization of 289.1 M, Interest Expense of 57 M or Total Revenue of 1.5 B, as well as many exotic indicators such as Price To Sales Ratio of 2.45, Dividend Yield of 0.0133 or PTB Ratio of 1.78. Noble financial statements analysis is a perfect complement when working with Noble Plc Valuation or Volatility modules.
  
This module can also supplement Noble Plc's financial leverage analysis and stock options assessment as well as various Noble Plc Technical models . Check out the analysis of Noble Plc Correlation against competitors.
For information on how to trade Noble Stock refer to our How to Trade Noble Stock guide.

Latest Noble Plc's Fixed Asset Turnover Growth Pattern

Below is the plot of the Fixed Asset Turnover of Noble plc over the last few years. It is Noble Plc's Fixed Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Noble Plc's overall financial position and show how it may be relating to other accounts over time.
Fixed Asset Turnover10 Years Trend
Slightly volatile
   Fixed Asset Turnover   
       Timeline  

Noble Fixed Asset Turnover Regression Statistics

Arithmetic Mean0.31
Geometric Mean0.28
Coefficient Of Variation46.84
Mean Deviation0.11
Median0.27
Standard Deviation0.14
Sample Variance0.02
Range0.4963
R-Value0.40
Mean Square Error0.02
R-Squared0.16
Significance0.14
Slope0.01
Total Sum of Squares0.29

Noble Fixed Asset Turnover History

2024 0.41
2023 0.62
2022 0.36
2021 0.57
2019 0.17
2017 0.13

About Noble Plc Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Noble Plc income statement, its balance sheet, and the statement of cash flows. Noble Plc investors use historical funamental indicators, such as Noble Plc's Fixed Asset Turnover, to determine how well the company is positioned to perform in the future. Although Noble Plc investors may use each financial statement separately, they are all related. The changes in Noble Plc's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Noble Plc'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 Noble Plc Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Noble Plc. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Fixed Asset Turnover 0.62  0.41 

Noble Plc Investors Sentiment

The influence of Noble Plc's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Noble. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Noble Plc's public news can be used to forecast risks associated with an investment in Noble. The trend in average sentiment can be used to explain how an investor holding Noble can time the market purely based on public headlines and social activities around Noble plc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Noble Plc's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Noble Plc's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Noble Plc's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Noble Plc.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Noble Plc in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Noble Plc's short interest history, or implied volatility extrapolated from Noble Plc options trading.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
When determining whether Noble plc is a strong investment it is important to analyze Noble Plc'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 Noble Plc's future performance. For an informed investment choice regarding Noble Stock, refer to the following important reports:
Check out the analysis of Noble Plc Correlation against competitors.
For information on how to trade Noble Stock refer to our How to Trade Noble Stock guide.
Note that the Noble plc information on this page should be used as a complementary analysis to other Noble Plc's 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Noble Stock analysis

When running Noble Plc's price analysis, check to measure Noble Plc'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 Noble Plc is operating at the current time. Most of Noble Plc's value examination focuses on studying past and present price action to predict the probability of Noble Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Noble Plc's price. Additionally, you may evaluate how the addition of Noble Plc to your portfolios can decrease your overall portfolio volatility.
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Is Noble Plc'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 Noble Plc. If investors know Noble 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 Noble Plc 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
0.123
Dividend Share
0.7
Earnings Share
3.32
Revenue Per Share
17.79
Quarterly Revenue Growth
0.04
The market value of Noble plc is measured differently than its book value, which is the value of Noble that is recorded on the company's balance sheet. Investors also form their own opinion of Noble Plc's value that differs from its market value or its book value, called intrinsic value, which is Noble Plc'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 Noble Plc's market value can be influenced by many factors that don't directly affect Noble Plc'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 Noble Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Noble Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Noble Plc'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.