Aaon Return on Average Assets Trend from 2010 to 2022
AAON  Stock  USD 63.29 0.07 0.11% 
Aaon  Return on Average Assets 
Check Aaon financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Aaon main balance sheet or income statement drivers, such as Direct Expenses of 326.5 M, Consolidated Income of 57.8 M or Cost of Revenue of 375.4 M, as well as many exotic indicators such as Interest Coverage of 387, Long Term Debt to Equity of 0.0767 or Calculated Tax Rate of 15.46. Aaon financial statements analysis is a perfect complement when working with Aaon Valuation or Volatility modules. It can also supplement Aaon's financial leverage analysis and stock options assessment as well as various Aaon Technical models . Please continue to the analysis of Aaon Correlation against competitors.
Aaon Return on Average Assets Breakdown
Showing smoothed Return on Average Assets of Aaon Inc 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].Aaon's Return on Average Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Aaon's overall financial position and show how it may be relating to other accounts over time.
View  Last Reported 7.78 %  10 Years Trend 

Return on Average Assets 
Share
Timeline 
Aaon Return on Average Assets Regression Statistics
Arithmetic Mean  0.15  
Geometric Mean  0.15  
Coefficient Of Variation  28.15  
Mean Deviation  0.034027  
Median  0.15  
Standard Deviation  0.042943  
Sample Variance  0.001844  
Range  0.13  
RValue  0.30  
Mean Square Error  0.001829  
RSquared  0.09  
Significance  0.32  
Slope  0.003328  
Total Sum of Squares  0.022129 
Aaon Return on Average Assets History
About Aaon Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Aaon income statement, its balance sheet, and the statement of cash flows. Aaon investors use historical funamental indicators, such as Aaon's Return on Average Assets, to determine how well the company is positioned to perform in the future. Although Aaon investors may use each financial statement separately, they are all related. The changes in Aaon's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Aaon'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 Aaon Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Aaon. Please read more on our technical analysis and fundamental analysis pages.
AAON, Inc., together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company was incorporated in 1987 and is based in Tulsa, Oklahoma. Aaon operates under Building Products Equipment classification in the United States and is traded on NASDAQ Exchange. It employs 2881 people.
Last Reported  Projected for 2022  
Return on Average Assets  0.11  0.15 
Average Assets  538.5 M  453.5 M 
Average Equity  405.8 M  342.6 M 
Invested Capital Average  351.7 M  305.5 M 
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Our tools can tell you how much better you can do entering a position in Aaon without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.riskadjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Pair Trading with Aaon
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 Aaon 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 Aaon will appreciate offsetting losses from the drop in the long position's value.Moving together with Aaon
0.71  APD  Air Products And  Fiscal Year End 3rd of November 2022  PairCorr 
Moving against Aaon
0.59  ARCH  Arch Resources  Normal Trading  PairCorr 
The ability to find closely correlated positions to Aaon could be a great tool in your taxloss harvesting strategies, allowing investors a quick way to find a similarenough asset to replace Aaon 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 Aaon  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 Aaon Inc to buy it.
The correlation of Aaon 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 Aaon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aaon Inc 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 Aaon can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better riskadjusted return on your portfolios.Please continue to the analysis of Aaon Correlation against competitors. Note that the Aaon Inc information on this page should be used as a complementary analysis to other Aaon'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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Aaon Stock analysis
When running Aaon Inc price analysis, check to measure Aaon'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 Aaon is operating at the current time. Most of Aaon's value examination focuses on studying past and present price action to predict the probability of Aaon's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Aaon's price. Additionally, you may evaluate how the addition of Aaon to your portfolios can decrease your overall portfolio volatility.
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Is Aaon'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 Aaon. If investors know Aaon 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 Aaon 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 YOY 0.21  Market Capitalization 3.4 B  Quarterly Revenue Growth YOY 0.45  Return On Assets 0.0681  Return On Equity 0.13 
The market value of Aaon Inc is measured differently than its book value, which is the value of Aaon that is recorded on the company's balance sheet. Investors also form their own opinion of Aaon's value that differs from its market value or its book value, called intrinsic value, which is Aaon'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 Aaon's market value can be influenced by many factors that don't directly affect Aaon'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 Aaon's value and its price as these two are different measures arrived at by different means. Investors typically determine Aaon value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aaon'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.