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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. American International Holdings's Revenue for the three months ended in Mar. 2023 was $0.05 Mil. American International Holdings's Total Assets for the quarter that ended in Mar. 2023 was $5.30 Mil. Therefore, American International Holdings's Asset Turnover for the quarter that ended in Mar. 2023 was 0.01.
Asset Turnover is linked to ROE % through Du Pont Formula. American International Holdings's annualized ROE % for the quarter that ended in Mar. 2023 was 168.69%. It is also linked to ROA % through Du Pont Formula. American International Holdings's annualized ROA % for the quarter that ended in Mar. 2023 was -32.21%.
The historical data trend for American International Holdings's Asset Turnover can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
American International Holdings Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | - | 1.55 | - | 0.03 | 0.08 |
American International Holdings Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Asset Turnover | Get a 7-Day Free Trial | 0.01 | 0.01 | - | 0.15 | 0.01 |
For the Personal Services subindustry, American International Holdings's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Personal Services industry and Consumer Cyclical sector, American International Holdings's Asset Turnover distribution charts can be found below:
* The bar in red indicates where American International Holdings's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
American International Holdings's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Dec. 2022 ) | / | ( (Total Assets (A: Dec. 2021 ) | + | Total Assets (A: Dec. 2022 )) | / count ) |
= | 0.062 | / | ( (1.231 | + | 0.343) | / 2 ) |
= | 0.062 | / | 0.787 | |||
= | 0.08 |
American International Holdings's Asset Turnover for the quarter that ended in Mar. 2023 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Mar. 2023 ) | / | ( (Total Assets (Q: Dec. 2022 ) | + | Total Assets (Q: Mar. 2023 )) | / count ) |
= | 0.05 | / | ( (0.343 | + | 10.261) | / 2 ) |
= | 0.05 | / | 5.302 | |||
= | 0.01 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.
American International Holdings (OTCPK:AMIH) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
American International Holdings's annulized ROE % for the quarter that ended in Mar. 2023 is
ROE %** | (Q: Mar. 2023 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -1.708 | / | -1.0125 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-1.708 / 0.2) | * | (0.2 / 5.302) | * | (5.302/ -1.0125) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -854 % | * | 0.0377 | * | -5.2365 |
= | ROA % | * | Equity Multiplier | ||
= | -32.21 % | * | -5.2365 | ||
= | 168.69 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2023) net income data. The Revenue data used here is four times the quarterly (Mar. 2023) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.
It is also linked to ROA % through Du Pont Formula:
American International Holdings's annulized ROA % for the quarter that ended in Mar. 2023 is
ROA % | (Q: Mar. 2023 ) | ||
= | Net Income | / | Total Assets |
= | -1.708 | / | 5.302 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-1.708 / 0.2) | * | (0.2 / 5.302) |
= | Net Margin % | * | Asset Turnover |
= | -854 % | * | 0.0377 |
= | -32.21 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2023) net income data. The Revenue data used here is four times the quarterly (Mar. 2023) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.
Thank you for viewing the detailed overview of American International Holdings's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael David Mclaren | director, 10 percent owner, officer: Chief Executive Officer | 205 S BAILEY STREET, ELECTRA TX 76360 |
Gary Giles | director | 2632 TORREY PINE DRIVE, FORT WORTH TX 76109 |
Marble Trital Inc. | 10 percent owner | 90 STATE STREET, SUITE 700, OFFICE 40, ALBANY NY 12207 |
Kenny Myers | director | 5101 ADDISON CIRCLE,, UNIT 401,, ADDISON TX 75001 |
Lorraine Pamela D'alessio | director | 8200 WILSHIRE BLVD, BEVERLY HILLS, CALIFORNIA CA 90211 |
Peter Casey Jensen | director | 1052 MONTE CRISTO, PHOENIX AZ 85022 |
Jacob D. Cohen | director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER | 2101 GLENDALE DRIVE, PLANO TX 75023 |
Luis Alan Hernandez | director, 10 percent owner, officer: CHIEF MARKETING OFFICER | 11222 RICHMOND AVENUE SUITE 195, HOUSTON TX 77082 |
Esteban Alexander | director, 10 percent owner, officer: CHIEF OPERATING OFFICER | 11222 RICHMOND AVENUE, SUITE 195, HOUSTON TX 77082 |
Daniel Dror | officer: Chairman & CEO | 601 HANSON RD, KEMAH TX 77565-2701 |
Stump John W Iii | other: Director | 601 CIEN RD, SUITE 235, KEMAH TX 77565-3077 |
Sherry Lynne Couturier | officer: VP & CFO | 601 CIEN STREET, STE. 235, KEMAH TX 77565 |
American International Industries Inc | 10 percent owner | 601 CIEN ST, SUITE 235, KEMAH TX 77565-2701 |
Gary D Woerz | officer: President and CFO | 601 CIEN RD, SUITE 235, KEMAH TX 77565 |
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