AstroNova Return On Tangible Assets from 2010 to 2024

ALOT Stock  USD 13.50  0.50  3.85%   
AstroNova Return On Tangible Assets yearly trend continues to be comparatively stable with very little volatility. Return On Tangible Assets are likely to outpace its year average in 2024. Return On Tangible Assets is a profitability metric that measures a company's ability to generate earnings from its tangible assets. View All Fundamentals
 
Return On Tangible Assets  
First Reported
2010-12-31
Previous Quarter
0.04704255
Current Value
0.0707
Quarterly Volatility
0.02874718
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check AstroNova financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among AstroNova's main balance sheet or income statement drivers, such as Depreciation And Amortization of 4.5 M, Interest Expense of 2.8 M or Selling General Administrative of 8.4 M, as well as many indicators such as Price To Sales Ratio of 1.19, Dividend Yield of 0.0055 or PTB Ratio of 1.64. AstroNova financial statements analysis is a perfect complement when working with AstroNova Valuation or Volatility modules.
  
Check out the analysis of AstroNova Correlation against competitors.
For more information on how to buy AstroNova Stock please use our How to Invest in AstroNova guide.

Latest AstroNova's Return On Tangible Assets Growth Pattern

Below is the plot of the Return On Tangible Assets of AstroNova over the last few years. It is a profitability metric that measures a company's ability to generate earnings from its tangible assets. AstroNova's Return On Tangible Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in AstroNova's overall financial position and show how it may be relating to other accounts over time.
Return On Tangible Assets10 Years Trend
Slightly volatile
   Return On Tangible Assets   
       Timeline  

AstroNova Return On Tangible Assets Regression Statistics

Arithmetic Mean0.06
Geometric Mean0.05
Coefficient Of Variation50.16
Mean Deviation0.02
Median0.06
Standard Deviation0.03
Sample Variance0.0008
Range0.1184
R-Value(0.34)
Mean Square Error0.0008
R-Squared0.12
Significance0.21
Slope(0)
Total Sum of Squares0.01

AstroNova Return On Tangible Assets History

2024 0.0707
2023 0.047
2022 0.0258
2021 0.0769
2020 0.0158
2019 0.0222
2018 0.0744

About AstroNova Financial Statements

AstroNova shareholders use historical fundamental indicators, such as Return On Tangible Assets, to determine how well the company is positioned to perform in the future. Although AstroNova investors may analyze each financial statement separately, they are all interrelated. The changes in AstroNova's assets and liabilities, for example, are also reflected in the revenues and expenses on on AstroNova's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Return On Tangible Assets 0.05  0.07 

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for AstroNova Stock Analysis

When running AstroNova's price analysis, check to measure AstroNova'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 AstroNova is operating at the current time. Most of AstroNova's value examination focuses on studying past and present price action to predict the probability of AstroNova's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AstroNova's price. Additionally, you may evaluate how the addition of AstroNova to your portfolios can decrease your overall portfolio volatility.