GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » iNeedMD Holdings Inc (GREY:NEMD) » Definitions » Asset Turnover

iNeedMD Holdings (iNeedMD Holdings) Asset Turnover : 0.00 (As of Mar. 2016)


View and export this data going back to 2014. Start your Free Trial

What is iNeedMD 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. iNeedMD Holdings's Revenue for the three months ended in Mar. 2016 was $0.00 Mil. iNeedMD Holdings's Total Assets for the quarter that ended in Mar. 2016 was $0.70 Mil. Therefore, iNeedMD Holdings's Asset Turnover for the quarter that ended in Mar. 2016 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. iNeedMD Holdings's annualized ROE % for the quarter that ended in Mar. 2016 was -214.16%. It is also linked to ROA % through Du Pont Formula. iNeedMD Holdings's annualized ROA % for the quarter that ended in Mar. 2016 was 650.67%.


iNeedMD Holdings Asset Turnover Historical Data

The historical data trend for iNeedMD 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.

iNeedMD Holdings Asset Turnover Chart

iNeedMD Holdings Annual Data
Trend Nov12 Nov13 Nov14 Dec15
Asset Turnover
0.33 0.40 3.00 0.04

iNeedMD Holdings Quarterly Data
Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Mar15 Jun15 Sep15 Dec15 Mar16
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 - 0.04 -0.03 -

Competitive Comparison of iNeedMD Holdings's Asset Turnover

For the Medical Devices subindustry, iNeedMD 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.


iNeedMD Holdings's Asset Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, iNeedMD Holdings's Asset Turnover distribution charts can be found below:

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



iNeedMD Holdings Asset Turnover Calculation

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

iNeedMD Holdings's Asset Turnover for the fiscal year that ended in Dec. 2015 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2015 )/( (Total Assets (A: Nov. 2014 )+Total Assets (A: Dec. 2015 ))/ count )
=0.044/( (0+1.156)/ 1 )
=0.044/1.156
=0.04

iNeedMD Holdings's Asset Turnover for the quarter that ended in Mar. 2016 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2016 )/( (Total Assets (Q: Dec. 2015 )+Total Assets (Q: Mar. 2016 ))/ count )
=0/( (1.156+0.253)/ 2 )
=0/0.7045
=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.


iNeedMD Holdings  (GREY:NEMD) Asset Turnover Explanation

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

iNeedMD Holdings's annulized ROE % for the quarter that ended in Mar. 2016 is

ROE %**(Q: Mar. 2016 )
=Net Income/Total Stockholders Equity
=4.584/-2.1405
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(4.584 / 0)*(0 / 0.7045)*(0.7045/ -2.1405)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*-0.3291
=ROA %*Equity Multiplier
=650.67 %*-0.3291
=-214.16 %

Note: The Net Income data used here is four times the quarterly (Mar. 2016) net income data. The Revenue data used here is four times the quarterly (Mar. 2016) 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:

iNeedMD Holdings's annulized ROA % for the quarter that ended in Mar. 2016 is

ROA %(Q: Mar. 2016 )
=Net Income/Total Assets
=4.584/0.7045
=(Net Income / Revenue)*(Revenue / Total Assets)
=(4.584 / 0)*(0 / 0.7045)
=Net Margin %*Asset Turnover
= %*0
=650.67 %

Note: The Net Income data used here is four times the quarterly (Mar. 2016) net income data. The Revenue data used here is four times the quarterly (Mar. 2016) 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.


iNeedMD Holdings Asset Turnover Related Terms

Thank you for viewing the detailed overview of iNeedMD Holdings's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


iNeedMD Holdings (iNeedMD Holdings) Business Description

Traded in Other Exchanges
N/A
Address
650 First Avenue, Third Floor, New York, NY, USA, 10016
iNeedMD Holdings Inc is a United States of America based medical device development company. The company's products include The EKG Glove and Portable ECG devices. Its product development programs focus on easy-to-use systems for collecting a plurality of diagnostic information and transmitting that data to local and remote locations. The EKG Glove provides healthcare workers with a standardized ECG solution that enables to quickly and accurately assess an individual's cardiac health.
Executives
Thomas Albert Nicolette director, officer: President and CEO 7 SPRING HOLLOW ROAD, CENTERPORT NY 11721

iNeedMD Holdings (iNeedMD Holdings) Headlines

No Headlines