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NMNWF (Numinus Wellness) Asset Turnover : 0.26 (As of May. 2024)


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What is Numinus Wellness Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Numinus Wellness's Revenue for the three months ended in May. 2024 was $3.18 Mil. Numinus Wellness's Total Assets for the quarter that ended in May. 2024 was $12.26 Mil. Therefore, Numinus Wellness's Asset Turnover for the quarter that ended in May. 2024 was 0.26.

Asset Turnover is linked to ROE % through Du Pont Formula. Numinus Wellness's annualized ROE % for the quarter that ended in May. 2024 was -310.23%. It is also linked to ROA % through Du Pont Formula. Numinus Wellness's annualized ROA % for the quarter that ended in May. 2024 was -137.35%.


Numinus Wellness Asset Turnover Historical Data

The historical data trend for Numinus Wellness'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.

Numinus Wellness Asset Turnover Chart

Numinus Wellness Annual Data
Trend Aug19 Aug20 Aug21 Aug22 Aug23
Asset Turnover
0.04 0.22 0.04 0.11 0.59

Numinus Wellness Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.14 0.30 0.27 0.26 0.26

Competitive Comparison of Numinus Wellness's Asset Turnover

For the Medical Care Facilities subindustry, Numinus Wellness'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.


Numinus Wellness's Asset Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Numinus Wellness's Asset Turnover distribution charts can be found below:

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



Numinus Wellness Asset Turnover Calculation

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

Numinus Wellness's Asset Turnover for the fiscal year that ended in Aug. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Aug. 2023 )/( (Total Assets (A: Aug. 2022 )+Total Assets (A: Aug. 2023 ))/ count )
=17.198/( (40.746+18.053)/ 2 )
=17.198/29.3995
=0.58

Numinus Wellness's Asset Turnover for the quarter that ended in May. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: May. 2024 )/( (Total Assets (Q: Feb. 2024 )+Total Assets (Q: May. 2024 ))/ count )
=3.182/( (14.281+10.247)/ 2 )
=3.182/12.264
=0.26

* 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.


Numinus Wellness  (OTCPK:NMNWF) Asset Turnover Explanation

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

Numinus Wellness's annulized ROE % for the quarter that ended in May. 2024 is

ROE %**(Q: May. 2024 )
=Net Income/Total Stockholders Equity
=-16.844/5.4295
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-16.844 / 12.728)*(12.728 / 12.264)*(12.264/ 5.4295)
=Net Margin %*Asset Turnover*Equity Multiplier
=-132.34 %*1.0378*2.2588
=ROA %*Equity Multiplier
=-137.35 %*2.2588
=-310.23 %

Note: The Net Income data used here is four times the quarterly (May. 2024) net income data. The Revenue data used here is four times the quarterly (May. 2024) 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:

Numinus Wellness's annulized ROA % for the quarter that ended in May. 2024 is

ROA %(Q: May. 2024 )
=Net Income/Total Assets
=-16.844/12.264
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-16.844 / 12.728)*(12.728 / 12.264)
=Net Margin %*Asset Turnover
=-132.34 %*1.0378
=-137.35 %

Note: The Net Income data used here is four times the quarterly (May. 2024) net income data. The Revenue data used here is four times the quarterly (May. 2024) 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.


Numinus Wellness Asset Turnover Related Terms

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Numinus Wellness Business Description

Traded in Other Exchanges
Address
801 - 33 Water Street, Vancouver, BC, CAN, V6B 1R4
Numinus Wellness Inc develops proprietary, psychedelic-centered, therapeutic products and services through its laboratory and research & development processes. The company's clinic network consists of Numinus Health, Mindspace Services, and the Neurology Center of Toronto. Its services include Ketamine-assisted psychotherapy for depression, neurological care, psychotherapy, and counseling by registered psychologists among others. The company's operating segments are; Clinical research operations, Canadian clinic network, US clinic network and Corporate. The majority of the revenue for the company is generated from US clinic network segment. Geographically, the company has its presence in United States and Canada.