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Ebang International Holdings (Ebang International Holdings) Asset Turnover : 0.00 (As of Dec. 2023)


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What is Ebang International Holdings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Ebang International Holdings's Revenue for the six months ended in Dec. 2023 was $0.77 Mil. Ebang International Holdings's Total Assets for the quarter that ended in Dec. 2023 was $312.09 Mil. Therefore, Ebang International Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Ebang International Holdings's annualized ROE % for the quarter that ended in Dec. 2023 was -19.66%. It is also linked to ROA % through Du Pont Formula. Ebang International Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was -18.56%.


Ebang International Holdings Asset Turnover Historical Data

The historical data trend for Ebang 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.

* Premium members only.

Ebang International Holdings Asset Turnover Chart

Ebang International Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 0.94 0.17 0.19 0.09 0.02

Ebang International Holdings Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.09 0.07 0.02 0.01 -

Competitive Comparison of Ebang International Holdings's Asset Turnover

For the Computer Hardware subindustry, Ebang 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.


Ebang International Holdings's Asset Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ebang International Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Ebang International Holdings's Asset Turnover falls into.



Ebang International Holdings Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Ebang International Holdings's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=4.855/( (344.165+298.24)/ 2 )
=4.855/321.2025
=0.02

Ebang International Holdings's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=0.769/( (325.933+298.24)/ 2 )
=0.769/312.0865
=0.00

* 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.


Ebang International Holdings  (NAS:EBON) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Ebang International Holdings's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-57.908/294.5965
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-57.908 / 1.538)*(1.538 / 312.0865)*(312.0865/ 294.5965)
=Net Margin %*Asset Turnover*Equity Multiplier
=-3765.15 %*0.0049*1.0594
=ROA %*Equity Multiplier
=-18.56 %*1.0594
=-19.66 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 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:

Ebang International Holdings's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-57.908/312.0865
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-57.908 / 1.538)*(1.538 / 312.0865)
=Net Margin %*Asset Turnover
=-3765.15 %*0.0049
=-18.56 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 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.


Ebang International Holdings Asset Turnover Related Terms

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Ebang International Holdings (Ebang International Holdings) Business Description

Traded in Other Exchanges
Address
No. 20-02B, 12 Marina View, Asia Square Tower 2, Singapore, SGP, 018961
Ebang International Holdings Inc is an application-specific integrated circuit, or ASIC, chip design company and a manufacturer of high-performance Bitcoin mining machines. The company's Ebit E10 model, is a commercial mining machine that uses 10 nm ASIC chips among other mining machine producers. It operates in a single segment selling Bitcoin mining machines and related accessories, telecommunications products and provision of management and maintenance services.

Ebang International Holdings (Ebang International Holdings) Headlines

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