Shoals Fixed Asset Turnover from 2010 to 2024

SHLS Stock  USD 4.41  0.16  3.50%   
Shoals Technologies Fixed Asset Turnover yearly trend continues to be comparatively stable with very little volatility. Fixed Asset Turnover will likely drop to 11.69 in 2024. From the period from 2010 to 2024, Shoals Technologies Fixed Asset Turnover quarterly data regression had r-value of  0.72 and coefficient of variation of  25.60. View All Fundamentals
 
Fixed Asset Turnover  
First Reported
2010-12-31
Previous Quarter
17.64676796
Current Value
11.69
Quarterly Volatility
3.05704224
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Shoals Technologies financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Shoals Technologies' main balance sheet or income statement drivers, such as Depreciation And Amortization of 10.8 M, Interest Expense of 25.3 M or Selling General Administrative of 84.8 M, as well as many indicators such as Price To Sales Ratio of 4.96, Dividend Yield of 0.0716 or PTB Ratio of 4.45. Shoals financial statements analysis is a perfect complement when working with Shoals Technologies Valuation or Volatility modules.
  
Check out the analysis of Shoals Technologies Correlation against competitors.

Latest Shoals Technologies' Fixed Asset Turnover Growth Pattern

Below is the plot of the Fixed Asset Turnover of Shoals Technologies Group over the last few years. It is Shoals Technologies' Fixed Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Shoals Technologies' 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  

Shoals Fixed Asset Turnover Regression Statistics

Arithmetic Mean11.94
Geometric Mean11.63
Coefficient Of Variation25.60
Mean Deviation2.40
Median9.97
Standard Deviation3.06
Sample Variance9.35
Range9.4098
R-Value0.72
Mean Square Error4.85
R-Squared0.52
Significance0
Slope0.49
Total Sum of Squares130.84

Shoals Fixed Asset Turnover History

2024 11.69
2023 17.65
2022 19.38
2021 13.69
2020 13.75
2019 13.2

About Shoals Technologies Financial Statements

Shoals Technologies shareholders use historical fundamental indicators, such as Fixed Asset Turnover, to determine how well the company is positioned to perform in the future. Although Shoals Technologies investors may analyze each financial statement separately, they are all interrelated. The changes in Shoals Technologies' assets and liabilities, for example, are also reflected in the revenues and expenses on on Shoals Technologies' 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
Fixed Asset Turnover 17.65  11.69 

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Additional Tools for Shoals Stock Analysis

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