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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. Hero Technologies's Revenue for the three months ended in Sep. 2023 was $0.00 Mil. Hero Technologies's Total Assets for the quarter that ended in Sep. 2023 was $0.15 Mil. Therefore, Hero Technologies's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.
Asset Turnover is linked to ROE % through Du Pont Formula. Hero Technologies's annualized ROE % for the quarter that ended in Sep. 2023 was -3,051.85%. It is also linked to ROA % through Du Pont Formula. Hero Technologies's annualized ROA % for the quarter that ended in Sep. 2023 was -1,070.13%.
The historical data trend for Hero Technologies'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.
Hero Technologies Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec20 | Dec21 | Dec22 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | - | - | - | 0.01 | - |
Hero Technologies Quarterly Data | ||||||||||||||||||||
Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Mar18 | Jun18 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Asset Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
For the Drug Manufacturers - Specialty & Generic subindustry, Hero Technologies'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 Drug Manufacturers industry and Healthcare sector, Hero Technologies's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Hero Technologies's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Hero Technologies'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 | / | ( (0.187 | + | 0.645) | / 2 ) |
= | 0 | / | 0.416 | |||
= | 0.00 |
Hero Technologies's Asset Turnover for the quarter that ended in Sep. 2023 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Sep. 2023 ) | / | ( (Total Assets (Q: Jun. 2023 ) | + | Total Assets (Q: Sep. 2023 )) | / count ) |
= | 0 | / | ( (0.164 | + | 0.144) | / 2 ) |
= | 0 | / | 0.154 | |||
= | 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.
Hero Technologies (OTCPK:HENC) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Hero Technologies's annulized ROE % for the quarter that ended in Sep. 2023 is
ROE %** | (Q: Sep. 2023 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -1.648 | / | 0.054 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-1.648 / 0) | * | (0 / 0.154) | * | (0.154/ 0.054) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | % | * | 0 | * | 2.8519 |
= | ROA % | * | Equity Multiplier | ||
= | -1,070.13 % | * | 2.8519 | ||
= | -3,051.85 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 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:
Hero Technologies's annulized ROA % for the quarter that ended in Sep. 2023 is
ROA % | (Q: Sep. 2023 ) | ||
= | Net Income | / | Total Assets |
= | -1.648 | / | 0.154 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-1.648 / 0) | * | (0 / 0.154) |
= | Net Margin % | * | Asset Turnover |
= | % | * | 0 |
= | -1,070.13 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 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 Hero Technologies's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Gina L. Serkasevich | officer: CFO and Treasurer | 310 COMMONS TRAIL LANE, HUFFMAN TX 77336 |
Keith Elliott Macdonald | director | 203 HERITAGE PLAVE, CALGARY A0 T3Z 3P3 |
K James Ebeling | director | 3726 WICKERSHAM LANE, HOUSTON TX 77027 |
James Douglas Brown | director, 10 percent owner, officer: Secretary | 11200 WESTHEIMER, SUITE 200, HOUSTON TX 77042 |
Holloman Value Holdings, Llc | 10 percent owner | 333 NORTH SAM HOUSTON PARKWAY EAST, SUITE 600, HOUSTON TX 77060 |
Robert Wesolek | officer: Chief Financial Officer | |
Mark E. Stevenson | director, officer: Secretary | 8225 SAN DIEGO ST., ODESSA TX 79765 |
Eric C Prim | director | 4901 POLO PARKWAY, MIDLAND TX 79705 |
Grant M Petersen | officer: Chief Executive Officer | 1027 DAVIE ST., SUITE 482, VANCOUVER A1 V4E 1N9 |
Holloman Corp | other: Affiliate | 5257 WEST INTERSTATE 20, PO BOX 69410, ODESSA TX 79769 |
Holloman Oil & Gas Ltd. | 10 percent owner | 88 FORREST STREET, UNITS 8-9, COTTESLOE C3 6011 |
David R Lewis | director | 11115 EAST MONTGOMERY DRIVE, SUITE G, SPOKANE VALLEY WA 99206 |
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