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Itonis (Itonis) Asset Turnover : 0.00 (As of Feb. 2008)


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What is Itonis Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Itonis's Revenue for the three months ended in Feb. 2008 was $0.00 Mil. Itonis's Total Assets for the quarter that ended in Feb. 2008 was $0.57 Mil. Therefore, Itonis's Asset Turnover for the quarter that ended in Feb. 2008 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Itonis's annualized ROE % for the quarter that ended in Feb. 2008 was 290.59%. It is also linked to ROA % through Du Pont Formula. Itonis's annualized ROA % for the quarter that ended in Feb. 2008 was -293.92%.


Itonis Asset Turnover Historical Data

The historical data trend for Itonis'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.

Itonis Asset Turnover Chart

Itonis Annual Data
Trend Nov05 Nov06 Nov07
Asset Turnover
- 0.18 3.94

Itonis Quarterly Data
Nov05 Feb06 May06 Aug06 Nov06 Feb07 May07 Aug07 Nov07 Feb08
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.83 0.04 0.10 0.06 -

Competitive Comparison of Itonis's Asset Turnover

For the Medical Distribution subindustry, Itonis'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.


Itonis's Asset Turnover Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Itonis's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Itonis's Asset Turnover falls into.



Itonis Asset Turnover Calculation

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

Itonis's Asset Turnover for the fiscal year that ended in Nov. 2007 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Nov. 2007 )/( (Total Assets (A: Nov. 2006 )+Total Assets (A: Nov. 2007 ))/ count )
=0.207/( (0.08+0.025)/ 2 )
=0.207/0.0525
=3.94

Itonis's Asset Turnover for the quarter that ended in Feb. 2008 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Feb. 2008 )/( (Total Assets (Q: Nov. 2007 )+Total Assets (Q: Feb. 2008 ))/ count )
=0/( (0.025+1.11)/ 2 )
=0/0.5675
=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.


Itonis  (OTCPK:ITNS) Asset Turnover Explanation

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

Itonis's annulized ROE % for the quarter that ended in Feb. 2008 is

ROE %**(Q: Feb. 2008 )
=Net Income/Total Stockholders Equity
=-1.668/-0.574
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1.668 / 0)*(0 / 0.5675)*(0.5675/ -0.574)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*-0.9887
=ROA %*Equity Multiplier
=-293.92 %*-0.9887
=290.59 %

Note: The Net Income data used here is four times the quarterly (Feb. 2008) net income data. The Revenue data used here is four times the quarterly (Feb. 2008) 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:

Itonis's annulized ROA % for the quarter that ended in Feb. 2008 is

ROA %(Q: Feb. 2008 )
=Net Income/Total Assets
=-1.668/0.5675
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.668 / 0)*(0 / 0.5675)
=Net Margin %*Asset Turnover
= %*0
=-293.92 %

Note: The Net Income data used here is four times the quarterly (Feb. 2008) net income data. The Revenue data used here is four times the quarterly (Feb. 2008) 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.


Itonis Asset Turnover Related Terms

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Itonis (Itonis) Business Description

Traded in Other Exchanges
N/A
Address
22600-C Lambert Street, Suite 902, Lake Forest, CA, USA, 92630
Itonis Inc is a development-stage company. It operates as a holding company, which engages in the development and distribution of products to the medical and pharmaceutical industry. It is presently focused on marketing its Emesyl homeopathic anti-nausea product for retail sale. It produces and markets over-the-counter and prescription homeopathic preparations to treat both common ailments and chronic diseases.

Itonis (Itonis) Headlines