Home Depot Asset Turnover Trend from 2010 to 2022

HD -  USA Stock  

USD 287.19  1.16  0.41%

Home Depot Asset Turnover is increasing over the years with slightly volatile fluctuation. Ongoing Asset Turnover is projected to grow to 2.18 this year. During the period from 2010 to 2022 Home Depot Asset Turnover anual values regression line had geometric mean of 2.07 and mean square error of  0.001853. As of May 24, 2022, Direct Expenses is expected to decline to about 66.1 B.
  
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Check Home Depot financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Home Depot main balance sheet or income statement drivers, such as Direct Expenses of 66.1 B, Consolidated Income of 15.4 B or Cost of Revenue of 98.7 B, as well as many exotic indicators such as Interest Coverage of 12.46, Long Term Debt to Equity of 10.54 or Calculated Tax Rate of 34.0. Home Depot financial statements analysis is a perfect complement when working with Home Depot Valuation or Volatility modules. It can also supplement various Home Depot Technical models. Please check the analysis of Home Depot Correlation against competitors.

Home Depot Asset Turnover Breakdown

Showing smoothed Asset Turnover of Home Depot with missing and latest data points interpolated. Asset turnover is a measure of a firms operating efficiency; calculated by dividing Revenues by Average Assets. Often a component of DuPont ROE analysis.Home Depot's Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Home Depot's overall financial position and show how it may be relating to other accounts over time.
Asset Turnover10 Years Trend
Increasing
Slightly volatile
 Asset Turnover 
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      Timeline 

Home Depot Asset Turnover Regression Statistics

Arithmetic Mean 2.07
Geometric Mean 2.07
Coefficient Of Variation 3.57
Mean Deviation 0.07
Median 2.10
Standard Deviation 0.07
Sample Variance 0.005481
Range 0.19
R-Value 0.83
Mean Square Error 0.001853
R-Squared 0.69
Significance 0.00043586
Slope 0.015793
Total Sum of Squares 0.07

Home Depot Asset Turnover History

2015  2.13 
2020  2.10 
2022  2.18 

About Home Depot Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Home Depot income statement, its balance sheet, and the statement of cash flows. Home Depot investors use historical funamental indicators, such as Home Depot's Asset Turnover, to determine how well the company is positioned to perform in the future. Although Home Depot investors may use each financial statement separately, they are all related. The changes in Home Depot's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Home Depot'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 Home Depot Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Home Depot. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Asset Turnover 2.10  2.18 
Average Assets72.1 B72.1 B
Tangible Asset Value64.4 B67.3 B
The Home Depot, Inc. operates as a home improvement retailer. The Home Depot, Inc. was incorporated in 1978 and is based in Atlanta, Georgia. Home Depot operates under Home Improvement Retail classification in the United States and is traded on New York Stock Exchange. It employs 490600 people.

Home Depot Investors Sentiment

The influence of Home Depot'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 Home Depot. 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.

Home Depot Implied Volatility

    
  42.02  
Home Depot's implied volatility exposes the market's sentiment of Home Depot stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Home Depot's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Home Depot stock will not fluctuate a lot when Home Depot's options are near their expiration.
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 Home Depot 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, Home Depot's short interest history, or implied volatility extrapolated from Home Depot options trading.

Current Sentiment - HD

Home Depot Investor Sentiment

Nearly all of Macroaxis users are currently bullish on Home Depot. What is your judgment towards investing in Home Depot? Are you bullish or bearish?
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98% Bullish
2% Bearish
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Please check the analysis of Home Depot Correlation against competitors. Note that the Home Depot information on this page should be used as a complementary analysis to other Home Depot'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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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