Renalytix Inventory Turnover from 2010 to 2024
RNLX Stock | USD 0.41 0.02 3.90% |
Inventory Turnover | First Reported 2010-12-31 | Previous Quarter 3.39 | Current Value 3.56 | Quarterly Volatility 1.4097997 |
Check Renalytix financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Renalytix main balance sheet or income statement drivers, such as Interest Expense of 4 K, Other Operating Expenses of 29.1 M or Tax Provision of 2.4 K, as well as many exotic indicators such as Price To Sales Ratio of 38.53, Dividend Yield of 0.0 or PTB Ratio of 9.12. Renalytix financial statements analysis is a perfect complement when working with Renalytix Valuation or Volatility modules.
Renalytix | Inventory Turnover |
Latest Renalytix's Inventory Turnover Growth Pattern
Below is the plot of the Inventory Turnover of Renalytix AI over the last few years. It is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. Renalytix's Inventory Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Renalytix's overall financial position and show how it may be relating to other accounts over time.
Inventory Turnover | 10 Years Trend |
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Inventory Turnover |
Timeline |
Renalytix Inventory Turnover Regression Statistics
Arithmetic Mean | 1.14 | |
Geometric Mean | 0.53 | |
Coefficient Of Variation | 124.18 | |
Mean Deviation | 1.21 | |
Median | 0.23 | |
Standard Deviation | 1.41 | |
Sample Variance | 1.99 | |
Range | 3.5362 | |
R-Value | 0.82 | |
Mean Square Error | 0.70 | |
R-Squared | 0.67 | |
Significance | 0.0002 | |
Slope | 0.26 | |
Total Sum of Squares | 27.83 |
Renalytix Inventory Turnover History
About Renalytix Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Renalytix income statement, its balance sheet, and the statement of cash flows. Renalytix investors use historical funamental indicators, such as Renalytix's Inventory Turnover, to determine how well the company is positioned to perform in the future. Although Renalytix investors may use each financial statement separately, they are all related. The changes in Renalytix's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Renalytix'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 Renalytix Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Renalytix. Please read more on our technical analysis and fundamental analysis pages.
Last Reported | Projected for Next Year | ||
Inventory Turnover | 3.39 | 3.56 |
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Is Renalytix'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 Renalytix. If investors know Renalytix 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 Renalytix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.76) | Revenue Per Share 0.052 | Quarterly Revenue Growth (0.41) | Return On Assets (0.88) | Return On Equity (6.51) |
The market value of Renalytix AI is measured differently than its book value, which is the value of Renalytix that is recorded on the company's balance sheet. Investors also form their own opinion of Renalytix's value that differs from its market value or its book value, called intrinsic value, which is Renalytix'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 Renalytix's market value can be influenced by many factors that don't directly affect Renalytix'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 Renalytix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Renalytix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renalytix'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.