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Rightscorp (Rightscorp) Asset Turnover : 3.08 (As of Sep. 2017)


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What is Rightscorp Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Rightscorp's Revenue for the three months ended in Sep. 2017 was $0.12 Mil. Rightscorp's Total Assets for the quarter that ended in Sep. 2017 was $0.04 Mil. Therefore, Rightscorp's Asset Turnover for the quarter that ended in Sep. 2017 was 3.08.

Asset Turnover is linked to ROE % through Du Pont Formula. Rightscorp's annualized ROE % for the quarter that ended in Sep. 2017 was 63.75%. It is also linked to ROA % through Du Pont Formula. Rightscorp's annualized ROA % for the quarter that ended in Sep. 2017 was -3,800.00%.


Rightscorp Asset Turnover Historical Data

The historical data trend for Rightscorp'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.

Rightscorp Asset Turnover Chart

Rightscorp Annual Data
Trend Sep10 Sep11 Sep12 Sep13 Dec14 Dec15 Dec16
Asset Turnover
Get a 7-Day Free Trial - - 0.44 0.65 2.78

Rightscorp Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 0.99 3.50 1.62 1.92 3.08

Competitive Comparison of Rightscorp's Asset Turnover

For the Software - Infrastructure subindustry, Rightscorp'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.


Rightscorp's Asset Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Rightscorp's Asset Turnover distribution charts can be found below:

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



Rightscorp Asset Turnover Calculation

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

Rightscorp's Asset Turnover for the fiscal year that ended in Dec. 2016 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2016 )/( (Total Assets (A: Dec. 2015 )+Total Assets (A: Dec. 2016 ))/ count )
=0.778/( (0.436+0.124)/ 2 )
=0.778/0.28
=2.78

Rightscorp's Asset Turnover for the quarter that ended in Sep. 2017 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2017 )/( (Total Assets (Q: Jun. 2017 )+Total Assets (Q: Sep. 2017 ))/ count )
=0.123/( (0.054+0.026)/ 2 )
=0.123/0.04
=3.08

* 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.


Rightscorp  (OTCPK:RIHT) Asset Turnover Explanation

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

Rightscorp's annulized ROE % for the quarter that ended in Sep. 2017 is

ROE %**(Q: Sep. 2017 )
=Net Income/Total Stockholders Equity
=-1.52/-2.3845
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1.52 / 0.492)*(0.492 / 0.04)*(0.04/ -2.3845)
=Net Margin %*Asset Turnover*Equity Multiplier
=-308.94 %*12.3*-0.0168
=ROA %*Equity Multiplier
=-3,800.00 %*-0.0168
=63.75 %

Note: The Net Income data used here is four times the quarterly (Sep. 2017) net income data. The Revenue data used here is four times the quarterly (Sep. 2017) 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:

Rightscorp's annulized ROA % for the quarter that ended in Sep. 2017 is

ROA %(Q: Sep. 2017 )
=Net Income/Total Assets
=-1.52/0.04
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.52 / 0.492)*(0.492 / 0.04)
=Net Margin %*Asset Turnover
=-308.94 %*12.3
=-3,800.00 %

Note: The Net Income data used here is four times the quarterly (Sep. 2017) net income data. The Revenue data used here is four times the quarterly (Sep. 2017) 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.


Rightscorp Asset Turnover Related Terms

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


Rightscorp (Rightscorp) Business Description

Traded in Other Exchanges
N/A
Address
3100 Donald Douglas Loop North, Santa Monica, CA, USA, 90405
Rightscorp Inc is a technology company and has a patent-pending, proprietary method for collecting payments from illegal downloaders of copyrighted content via notifications sent to their internet service providers (ISPs).
Executives
Cecil Bond Kyte director, officer: CEO, CFO 5125 LANKERSHIM BOULEVARD, NORTH HOLLYWOOD CA 91601

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