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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. Addvantage Technologies Group's Revenue for the three months ended in Sep. 2023 was $10.34 Mil. Addvantage Technologies Group's Total Assets for the quarter that ended in Sep. 2023 was $19.75 Mil. Therefore, Addvantage Technologies Group's Asset Turnover for the quarter that ended in Sep. 2023 was 0.52.
Asset Turnover is linked to ROE % through Du Pont Formula. Addvantage Technologies Group's annualized ROE % for the quarter that ended in Sep. 2023 was -178.31%. It is also linked to ROA % through Du Pont Formula. Addvantage Technologies Group's annualized ROA % for the quarter that ended in Sep. 2023 was -55.22%.
The historical data trend for Addvantage Technologies Group'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.
Addvantage Technologies Group Annual Data | |||||||||||||||||||||
Trend | Sep13 | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Dec22 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 0.55 | 1.36 | 1.45 | 2.08 | 3.56 |
Addvantage Technologies Group Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Asset Turnover | Get a 7-Day Free Trial | 0.95 | 0.71 | 0.58 | 0.54 | 0.52 |
For the Electronics & Computer Distribution subindustry, Addvantage Technologies Group'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.
For the Hardware industry and Technology sector, Addvantage Technologies Group's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Addvantage Technologies Group's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Addvantage Technologies Group's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Dec. 2022 ) | / | ( (Total Assets (A: Sep. 2021 ) | + | Total Assets (A: Dec. 2022 )) | / count ) |
= | 97.028 | / | ( (27.312 | + | 27.218) | / 2 ) |
= | 97.028 | / | 27.265 | |||
= | 3.56 |
Addvantage Technologies Group's Asset Turnover for the quarter that ended in Sep. 2023 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Sep. 2023 ) | / | ( (Total Assets (Q: Jun. 2023 ) | + | Total Assets (Q: Sep. 2023 )) | / count ) |
= | 10.341 | / | ( (20.973 | + | 18.535) | / 2 ) |
= | 10.341 | / | 19.754 | |||
= | 0.52 |
* 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.
Addvantage Technologies Group (OTCPK:AEYGQ) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Addvantage Technologies Group's annulized ROE % for the quarter that ended in Sep. 2023 is
ROE %** | (Q: Sep. 2023 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -10.908 | / | 6.1175 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-10.908 / 41.364) | * | (41.364 / 19.754) | * | (19.754/ 6.1175) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -26.37 % | * | 2.094 | * | 3.2291 |
= | ROA % | * | Equity Multiplier | ||
= | -55.22 % | * | 3.2291 | ||
= | -178.31 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 2023) 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:
Addvantage Technologies Group's annulized ROA % for the quarter that ended in Sep. 2023 is
ROA % | (Q: Sep. 2023 ) | ||
= | Net Income | / | Total Assets |
= | -10.908 | / | 19.754 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-10.908 / 41.364) | * | (41.364 / 19.754) |
= | Net Margin % | * | Asset Turnover |
= | -26.37 % | * | 2.094 |
= | -55.22 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 2023) 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.
Thank you for viewing the detailed overview of Addvantage Technologies Group's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Timothy Scott Harden | director | 5729 LEBANON ROAD, SUITE 144411, FRISCO TX 75034 |
Jim Mcgill | director | 2121 SOUTH YORKTOWN #1103, TULSA OK 74114 |
Brian Neal Davidson | officer: Chief Revenue Officer | 1430 BRADLEY LANE, SUITE 196, CARROLLTON TX 75007 |
Jerry Don Jones | officer: President, Fulton Technologies | 1045 BRICE ST, MERIDIAN TX 76665 |
Michael A Rutledge | officer: Chief Financial Officer | 5000 LEGACY DR, SUITE 350, PLANO TX 75024 |
Michael G Ramke | officer: INTERIM CFO | |
Kenneth A Chymiak | director, 10 percent owner, officer: President and CEO | 808 N 16TH ST, BROKEN ARROW OK 74012 |
Susan C Chymiak | 10 percent owner | C/O ADDVANTAGE TECHNOLOGIES GROUP INC, 1605 E IOLA, BROKEN ARROW OK 74012 |
Jarrod M Watson | officer: Chief Financial Officer | 5604 TEMPLIN WAY, PLANO TX 75093 |
Jimmy R Taylor | officer: President, Wireless Services | 22905 CIELO VISTA, SAN ANTONIO TX 78255 |
Reginald Jaramillo | officer: President, Telco Segment | 1801 GOLIAD WAY, LANTANA TX 76226 |
John Shelnutt | director | 605 ISLEWORTH LANE, MCKINNEY TX 75072 |
Donald Jr Kinison | officer: Vice President of Sales | 1010 TWIN OAKS, PROSPER TX 75078 |
Scott A Francis | director, officer: VP and CFO | 1221 E. HOUSTON ST., BROKEN ARROW OK 74012 |
Empey Colby | officer: President, Wireless Services | 908 BLUFFVIEW DRIVE, ALLEN TX 75002 |
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