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Advanced Return on Average Assets vs Asset Turnover Analysis

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AMD -- USA Stock  

Trending

Advanced Micro financial indicator trend analysis is way more than just evaluating Advanced Micro Devices prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Advanced Micro Devices is a good investment. Please check the relationship between Advanced Micro Return on Average Assets and its Asset Turnover accounts. Please continue to Trending Equities.

Return on Average Assets vs Asset Turnover

Accounts Relationship

Return on Average Assets vs Asset Turnover

Significance: Weak Relationship

Return on Average Assets diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Advanced Micro Devices Return on Average Assets account and Asset Turnover

Correlation Coefficient

0.37
Relationship DirectionPositive 
Relationship StrengthVery Weak

Return on Average Assets

Return on assets measures how profitable a company is net income common stock relative to its total assets average assets.

Asset Turnover

Asset turnover is a measure of a firms operating efficiency; calculated by dividing revenues by average assets. often a component of dupont roe analysis.