Astrotech Return on Average Assets Trend from 2010 to 2022


USD 0.48  0.01  2.04%   

Astrotech Corp Return on Average Assets are decreasing over the years with slightly volatile fluctuation. Return on Average Assets are expected to dwindle to -0.24. From 2010 to 2022 Astrotech Corp Return on Average Assets quarterly data regression line had arithmetic mean of(0.50) and r-squared of  0.15. Astrotech Corp Cost of Revenue is projected to decrease significantly based on the last few years of reporting. The past year's Cost of Revenue was at 268,200. The current year Gross Profit is expected to grow to about 33.3 K, whereas Consolidated Income is forecasted to decline to (7.4 M).
Check Astrotech Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Astrotech main balance sheet or income statement drivers, such as Cost of Revenue of 275.3 K, Gross Profit of 33.3 K or Interest Expense of 245.8 K, as well as many exotic indicators such as Asset Turnover of 0.0102, Book Value per Share of 3.46 or Current Ratio of 19.18. Astrotech financial statements analysis is a perfect complement when working with Astrotech Corp Valuation or Volatility modules. It can also supplement various Astrotech Corp Technical models . Please continue to the analysis of Astrotech Corp Correlation against competitors.

Astrotech Return on Average Assets Breakdown

Showing smoothed Return on Average Assets of Astrotech Corp with missing and latest data points interpolated. Return on assets measures how profitable a company is Net Income Common Stock relative to its total assets [AssetsAvg].Astrotech Corp's Return on Average Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Astrotech Corp's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported (11.48) %10 Years Trend
Slightly volatile
   Return on Average Assets   

Astrotech Return on Average Assets Regression Statistics

Arithmetic Mean(0.50)
Geometric Mean 0.22
Coefficient Of Variation(140.41)
Mean Deviation 0.53
Standard Deviation 0.70
Sample Variance 0.50
Range 2.40
Mean Square Error 0.46
R-Squared 0.15
Significance 0.19
Total Sum of Squares 5.96

Astrotech Return on Average Assets History

2012 -0.004
2013 -0.11
2014 0.21
2015 -0.37
2016 -0.5
2017 -1.26
2018 -2.19
2019 -1.49
2020 -0.24
2021 -0.22

About Astrotech Corp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Astrotech Corp income statement, its balance sheet, and the statement of cash flows. Astrotech Corp investors use historical funamental indicators, such as Astrotech Corp's Return on Average Assets, to determine how well the company is positioned to perform in the future. Although Astrotech Corp investors may use each financial statement separately, they are all related. The changes in Astrotech Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Astrotech Corp'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 Astrotech Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Astrotech Corp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Return on Average Assets(0.22) (0.24) 
Average Assets28.4 M27.8 M
Average Equity24.1 M22.7 M
Invested Capital Average6.2 M6.4 M
Astrotech Corporation operates as a science and technology development and commercialization company worldwide. Astrotech Corporation was incorporated in 1984 is based in Austin, Texas. Astrotech Corp operates under Aerospace Defense classification in the United States and is traded on NASDAQ Exchange. It employs 12 people.

Astrotech Corp Investors Sentiment

The influence of Astrotech Corp'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 Astrotech. 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 markets does not have a solid backing from leading economists and market statisticians.
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 Astrotech Corp 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, Astrotech Corp's short interest history, or implied volatility extrapolated from Astrotech Corp options trading.

Pair Trading with Astrotech Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Astrotech Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Astrotech Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Astrotech Corp

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Moving against Astrotech Corp

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The ability to find closely correlated positions to Astrotech Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astrotech Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Astrotech Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Astrotech Corp to buy it.
The correlation of Astrotech Corp is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Astrotech Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astrotech Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Astrotech Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to the analysis of Astrotech Corp Correlation against competitors. Note that the Astrotech Corp information on this page should be used as a complementary analysis to other Astrotech Corp'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 Fund Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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Is Astrotech Corp'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 Astrotech Corp. If investors know Astrotech 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 Astrotech Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
24.4 M
Quarterly Revenue Growth YOY
Return On Assets
Return On Equity
The market value of Astrotech Corp is measured differently than its book value, which is the value of Astrotech that is recorded on the company's balance sheet. Investors also form their own opinion of Astrotech Corp's value that differs from its market value or its book value, called intrinsic value, which is Astrotech Corp'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 Astrotech Corp's market value can be influenced by many factors that don't directly affect Astrotech Corp'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 Astrotech Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Astrotech Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astrotech Corp'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.