Fortinet Return on Average Assets Trend from 2010 to 2022

FTNT
 Stock
  

USD 52.94  1.14  2.11%   

Fortinet Return on Average Assets yearly trend continues to be comparatively stable with very little volatility. Return on Average Assets will likely drop to 0.09 in 2022. From the period from 2010 to 2022, Fortinet Return on Average Assets quarterly data regression had r-value of 0.32 and coefficient of variation of  64.85. Fortinet Weighted Average Shares is comparatively stable at the moment as compared to the past year. Fortinet reported Weighted Average Shares of 816 Million in 2021. Weighted Average Shares Diluted is likely to gain to about 935 M in 2022, whereas Research and Development Expense is likely to drop slightly above 339.5 M in 2022.
  
Check Fortinet financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Fortinet main balance sheet or income statement drivers, such as Direct Expenses of 844.8 M, Consolidated Income of 654.6 M or Cost of Revenue of 622.2 M, as well as many exotic indicators such as Interest Coverage of 55.56, Long Term Debt to Equity of 1.13 or Calculated Tax Rate of 2.3. Fortinet financial statements analysis is a perfect complement when working with Fortinet Valuation or Volatility modules. It can also supplement Fortinet's financial leverage analysis and stock options assessment as well as various Fortinet Technical models . Please check the analysis of Fortinet Correlation against competitors.

Fortinet Return on Average Assets Breakdown

Showing smoothed Return on Average Assets of Fortinet 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].Fortinet's Return on Average Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Fortinet's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 7.72 %10 Years Trend
Increasing
Slightly volatile
   Return on Average Assets   
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       Timeline  

Fortinet Return on Average Assets Regression Statistics

Arithmetic Mean 0.07
Geometric Mean 0.049091
Coefficient Of Variation 64.85
Mean Deviation 0.039898
Median 0.09
Standard Deviation 0.045827
Sample Variance 0.0021
Range 0.13
R-Value 0.32
Mean Square Error 0.002053
R-Squared 0.10
Significance 0.28
Slope 0.003792
Total Sum of Squares 0.025202

Fortinet Return on Average Assets History

2012 0.076
2013 0.04
2014 0.019
2015 0.005
2016 0.016
2017 0.014
2018 0.12
2020 0.14
2021 0.11
2022 0.0947

About Fortinet Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Fortinet income statement, its balance sheet, and the statement of cash flows. Fortinet investors use historical funamental indicators, such as Fortinet's Return on Average Assets, to determine how well the company is positioned to perform in the future. Although Fortinet investors may use each financial statement separately, they are all related. The changes in Fortinet's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Fortinet'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 Fortinet Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Fortinet. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Return on Average Assets 0.11  0.09 
Average Assets5.7 B6.1 B
Average Equity982.7 M939.8 M
Invested Capital Average2.7 B2.9 B
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California. Fortinet operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 10860 people.

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Please check the analysis of Fortinet Correlation against competitors. Note that the Fortinet information on this page should be used as a complementary analysis to other Fortinet'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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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Is Fortinet'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 Fortinet. If investors know Fortinet 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 Fortinet 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
0.31
Market Capitalization
42.8 B
Quarterly Revenue Growth YOY
0.29
Return On Assets
0.0833
Return On Equity
2.01
The market value of Fortinet is measured differently than its book value, which is the value of Fortinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fortinet's value that differs from its market value or its book value, called intrinsic value, which is Fortinet'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 Fortinet's market value can be influenced by many factors that don't directly affect Fortinet'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 Fortinet's value and its price as these two are different measures arrived at by different means. Investors typically determine Fortinet value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortinet'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.