ChoiceOne Fixed Asset Turnover from 2010 to 2024

COFS Stock  USD 30.82  0.69  2.19%   
ChoiceOne Financial Fixed Asset Turnover yearly trend continues to be comparatively stable with very little volatility. Fixed Asset Turnover is likely to outpace its year average in 2024. From the period from 2010 to 2024, ChoiceOne Financial Fixed Asset Turnover quarterly data regression had r-value of  0.79 and coefficient of variation of  39.27. View All Fundamentals
 
Fixed Asset Turnover  
First Reported
2010-12-31
Previous Quarter
3.83636975
Current Value
4.03
Quarterly Volatility
0.89043418
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check ChoiceOne Financial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ChoiceOne Financial's main balance sheet or income statement drivers, such as Depreciation And Amortization of 2 M, Interest Expense of 1.7 M or Selling General Administrative of 34.8 M, as well as many indicators such as Price To Sales Ratio of 1.84, Dividend Yield of 0.0281 or PTB Ratio of 1.35. ChoiceOne financial statements analysis is a perfect complement when working with ChoiceOne Financial Valuation or Volatility modules.
  
Check out the analysis of ChoiceOne Financial Correlation against competitors.

Latest ChoiceOne Financial's Fixed Asset Turnover Growth Pattern

Below is the plot of the Fixed Asset Turnover of ChoiceOne Financial Services over the last few years. It is ChoiceOne Financial's Fixed Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in ChoiceOne Financial's overall financial position and show how it may be relating to other accounts over time.
Fixed Asset Turnover10 Years Trend
Slightly volatile
   Fixed Asset Turnover   
       Timeline  

ChoiceOne Fixed Asset Turnover Regression Statistics

Arithmetic Mean2.27
Geometric Mean2.02
Coefficient Of Variation39.27
Mean Deviation0.61
Median2.11
Standard Deviation0.89
Sample Variance0.79
Range3.742
R-Value0.79
Mean Square Error0.33
R-Squared0.62
Significance0.0005
Slope0.16
Total Sum of Squares11.10

ChoiceOne Fixed Asset Turnover History

2024 4.03
2023 3.84
2022 2.88
2021 2.67
2020 2.47
2019 1.54
2018 1.81

About ChoiceOne Financial Financial Statements

ChoiceOne Financial shareholders use historical fundamental indicators, such as Fixed Asset Turnover, to determine how well the company is positioned to perform in the future. Although ChoiceOne Financial investors may analyze each financial statement separately, they are all interrelated. The changes in ChoiceOne Financial's assets and liabilities, for example, are also reflected in the revenues and expenses on on ChoiceOne Financial's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Fixed Asset Turnover 3.84  4.03 

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Additional Tools for ChoiceOne Stock Analysis

When running ChoiceOne Financial's price analysis, check to measure ChoiceOne Financial'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 ChoiceOne Financial is operating at the current time. Most of ChoiceOne Financial's value examination focuses on studying past and present price action to predict the probability of ChoiceOne Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChoiceOne Financial's price. Additionally, you may evaluate how the addition of ChoiceOne Financial to your portfolios can decrease your overall portfolio volatility.