HG Holdings (HG Holdings) Asset Turnover

: 0.06 (As of Dec. 2023)

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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. HG Holdings's Revenue for the three months ended in Dec. 2023 was $2.55 Mil. HG Holdings's Total Assets for the quarter that ended in Dec. 2023 was $43.98 Mil. Therefore, HG Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.06.

Asset Turnover is linked to ROE % through Du Pont Formula. HG Holdings's annualized ROE % for the quarter that ended in Dec. 2023 was -4.34%. It is also linked to ROA % through Du Pont Formula. HG Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was -3.22%.

HG Holdings Asset Turnover Historical Data

The historical data trend for HG 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.

HG Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Asset Turnover

0.03

0.11

0.38

0.30

HG Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Asset Turnover																0.11	0.05	0.08	0.08	0.06

Competitive Comparison

For the Shell Companies subindustry, HG 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.

HG Holdings Asset Turnover Distribution

For the Diversified Financial Services industry and Financial Services sector, HG Holdings's Asset Turnover distribution charts can be found below:

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

HG Holdings Asset Turnover Calculation

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

HG Holdings's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
=	12.461	/	( (41.103	+	41.904)	/ 2 )
=	12.461	/	41.5035
=	0.30

HG Holdings's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	2.549	/	( (46.047	+	41.904)	/ 2 )
=	2.549	/	43.9755
=	0.06

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.

HG Holdings (OTCPK:STLY) Asset Turnover Explanation

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

HG Holdings's annulized ROE % for the quarter that ended in Dec. 2023 is

	ROE %^**		(Q: Dec. 2023 )
=	Net Income	/	Total Stockholders Equity
=	-1.416	/	32.6205
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-1.416 / 10.196)	*	(10.196 / 43.9755)	*	(43.9755/ 32.6205)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-13.89 %	*	0.2319	*	1.3481
=	ROA %	*	Equity Multiplier
=	-3.22 %	*	1.3481
=	-4.34 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.

^** 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:

HG Holdings's annulized ROA % for the quarter that ended in Dec. 2023 is

	ROA %		(Q: Dec. 2023 )
=	Net Income	/	Total Assets
=	-1.416	/	43.9755
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-1.416 / 10.196)	*	(10.196 / 43.9755)
=	Net Margin %	*	Asset Turnover
=	-13.89 %	*	0.2319
=	-3.22 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.

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.

HG Holdings Asset Turnover Related Terms

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HG Holdings (HG Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » HG Holdings Inc (OTCPK:STLY) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2115 East 7th Street, Suite 101, Charlotte, NC, USA, 28204

Website

https://www.hgholdingsinc.net

HG Holdings, Inc, together with its consolidated subsidiaries, operates through its wholly owned subsidiarie. The Company engages in the business of providing title insurance through the subsidiary NCTIC and providing title agency services through the subsidiaries NCTG, TAV, and Omega. Through NCTIC, the Company underwrites land title insurance for owners and mortgagees as the primary insurer. The Company currently only provides title insurance services in the state of Florida.

Executives

Peter Mark Sherman	director	4409 MICKLETON ROAD, CHARLOTTE NC 28226
Justin Hayles Edenfield	officer: Prin. Accting & Fin. Officer	6265 OLD WATER OAK ROAD, SUITE 204, TALLAHASSEE FL 32312
Hale Partnership Capital Management, Llc	10 percent owner	5960 FAIRVIEW ROAD, SUITE 432, CHARLOTTE NC 28210
Solas Capital Management, Llc	10 percent owner	1063 POST ROAD, 2ND FLOOR, DARIEN CT 06820
Hale Partnership Fund, L.p.	10 percent owner	3335 PARK SOUTH STATION BLVD., CHARLOTTE NC 28210
Matthew Hultquist	director	ONE CORPORATE CENTER, RYE NY 10580
Bradley G Garner	officer: CFO and CAO	2115 E. 7TH STREET, SUITE 101, CHARLOTTE NC 28211
Hale Steven A Ii	director, 10 percent owner	5960 FAIRVIEW ROAD, SUITE 432, CHARLOTTE NC 28210
Matthew Wood Smith	officer: Interim Chief Exec. Officer	200 N. HAMILTON STREET, HIGH POINT NC 27260
Jeffrey Stuart Gilliam	director	200 N. HAMILTON STREET, NO. 200, HIGH POINT NC 27260
Tucker Golden Frederick	10 percent owner	C/O SOLAS CAPITAL MANAGEMENT, LLC, 1063 POST ROAD, 2ND FLOOR, DARIEN CT 06820
Michael P Haley	director	200 NORTH HAMILTON STREET, NO. 200, HIGH POINT NC 27260
Talanta Investment Group, Llc	director, 10 percent owner	401 N. TRYON STREET, 10TH FLOOR, CHARLOTTE NC 28202
Justyn Rendal Putnam	director	200 N. HAMILTON STREET, NO. 200, HIGH POINT NC 27260
Ian Dundee Lapey	director	200 N. HAMILTON STREET, NO. 200, HIGH POINT NC 27260