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AICOF (Generative AI Solutions) Asset Turnover : 0.05 (As of Apr. 2024)


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What is Generative AI Solutions Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Generative AI Solutions's Revenue for the three months ended in Apr. 2024 was $0.16 Mil. Generative AI Solutions's Total Assets for the quarter that ended in Apr. 2024 was $3.44 Mil. Therefore, Generative AI Solutions's Asset Turnover for the quarter that ended in Apr. 2024 was 0.05.

Asset Turnover is linked to ROE % through Du Pont Formula. Generative AI Solutions's annualized ROE % for the quarter that ended in Apr. 2024 was -49.93%. It is also linked to ROA % through Du Pont Formula. Generative AI Solutions's annualized ROA % for the quarter that ended in Apr. 2024 was -39.13%.


Generative AI Solutions Asset Turnover Historical Data

The historical data trend for Generative AI Solutions'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.

Generative AI Solutions Asset Turnover Chart

Generative AI Solutions Annual Data
Trend Feb22 Jan23 Jan24
Asset Turnover
- - 0.06

Generative AI Solutions Quarterly Data
May20 Aug20 Nov20 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 Jul23 Oct23 Jan24 Apr24
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 - - - 0.02 0.05

Competitive Comparison of Generative AI Solutions's Asset Turnover

For the Software - Application subindustry, Generative AI Solutions'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.


Generative AI Solutions's Asset Turnover Distribution in the Software Industry

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

* The bar in red indicates where Generative AI Solutions's Asset Turnover falls into.



Generative AI Solutions Asset Turnover Calculation

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

Generative AI Solutions's Asset Turnover for the fiscal year that ended in Jan. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jan. 2024 )/( (Total Assets (A: Jan. 2023 )+Total Assets (A: Jan. 2024 ))/ count )
=0.136/( (0.705+3.622)/ 2 )
=0.136/2.1635
=0.06

Generative AI Solutions's Asset Turnover for the quarter that ended in Apr. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Apr. 2024 )/( (Total Assets (Q: Jan. 2024 )+Total Assets (Q: Apr. 2024 ))/ count )
=0.158/( (3.622+3.248)/ 2 )
=0.158/3.435
=0.05

* 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.


Generative AI Solutions  (OTCPK:AICOF) Asset Turnover Explanation

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

Generative AI Solutions's annulized ROE % for the quarter that ended in Apr. 2024 is

ROE %**(Q: Apr. 2024 )
=Net Income/Total Stockholders Equity
=-1.344/2.692
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1.344 / 0.632)*(0.632 / 3.435)*(3.435/ 2.692)
=Net Margin %*Asset Turnover*Equity Multiplier
=-212.66 %*0.184*1.276
=ROA %*Equity Multiplier
=-39.13 %*1.276
=-49.93 %

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

Generative AI Solutions's annulized ROA % for the quarter that ended in Apr. 2024 is

ROA %(Q: Apr. 2024 )
=Net Income/Total Assets
=-1.344/3.435
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.344 / 0.632)*(0.632 / 3.435)
=Net Margin %*Asset Turnover
=-212.66 %*0.184
=-39.13 %

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


Generative AI Solutions Asset Turnover Related Terms

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Generative AI Solutions Business Description

Traded in Other Exchanges
Address
550 Burrard Street, Suite 2300, Bentall 5, Vancouver, BC, CAN, V6C 2B5
Generative AI Solutions Corp is an artificial intelligence company, focused on developing transformative AI-powered tools for businesses and consumers across multiple industries. The group develops state-of-the-art AI-based solutions that have broad applicability and can be seamlessly integrated into diverse workflows. The company leverages its expertise in machine learning, natural language processing, and data analytics, GenAI seeks to build versatile, high-performance tools that redefine efficiency, productivity, and user experience.