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American Education Center (American Education Center) Asset Turnover : 0.03 (As of Jun. 2021)


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What is American Education Center Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. American Education Center's Revenue for the three months ended in Jun. 2021 was $0.06 Mil. American Education Center's Total Assets for the quarter that ended in Jun. 2021 was $2.59 Mil. Therefore, American Education Center's Asset Turnover for the quarter that ended in Jun. 2021 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. American Education Center's annualized ROE % for the quarter that ended in Jun. 2021 was 39.99%. It is also linked to ROA % through Du Pont Formula. American Education Center's annualized ROA % for the quarter that ended in Jun. 2021 was -27.03%.


American Education Center Asset Turnover Historical Data

The historical data trend for American Education Center'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.

American Education Center Asset Turnover Chart

American Education Center Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Asset Turnover
Get a 7-Day Free Trial 2.27 2.37 0.72 0.72 0.07

American Education Center Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 0.03 - 0.02 0.01 0.03

Competitive Comparison of American Education Center's Asset Turnover

For the Consulting Services subindustry, American Education Center'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.


American Education Center's Asset Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, American Education Center's Asset Turnover distribution charts can be found below:

* The bar in red indicates where American Education Center's Asset Turnover falls into.



American Education Center Asset Turnover Calculation

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

American Education Center's Asset Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2020 )/( (Total Assets (A: Dec. 2019 )+Total Assets (A: Dec. 2020 ))/ count )
=0.342/( (7.434+2.824)/ 2 )
=0.342/5.129
=0.07

American Education Center's Asset Turnover for the quarter that ended in Jun. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2021 )/( (Total Assets (Q: Mar. 2021 )+Total Assets (Q: Jun. 2021 ))/ count )
=0.064/( (2.776+2.404)/ 2 )
=0.064/2.59
=0.02

* 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.


American Education Center  (OTCPK:AMCT) Asset Turnover Explanation

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

American Education Center's annulized ROE % for the quarter that ended in Jun. 2021 is

ROE %**(Q: Jun. 2021 )
=Net Income/Total Stockholders Equity
=-0.7/-1.7505
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.7 / 0.256)*(0.256 / 2.59)*(2.59/ -1.7505)
=Net Margin %*Asset Turnover*Equity Multiplier
=-273.44 %*0.0988*-1.4796
=ROA %*Equity Multiplier
=-27.03 %*-1.4796
=39.99 %

Note: The Net Income data used here is four times the quarterly (Jun. 2021) net income data. The Revenue data used here is four times the quarterly (Jun. 2021) 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:

American Education Center's annulized ROA % for the quarter that ended in Jun. 2021 is

ROA %(Q: Jun. 2021 )
=Net Income/Total Assets
=-0.7/2.59
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.7 / 0.256)*(0.256 / 2.59)
=Net Margin %*Asset Turnover
=-273.44 %*0.0988
=-27.03 %

Note: The Net Income data used here is four times the quarterly (Jun. 2021) net income data. The Revenue data used here is four times the quarterly (Jun. 2021) 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.


American Education Center Asset Turnover Related Terms

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American Education Center (American Education Center) Business Description

Traded in Other Exchanges
N/A
Address
1 Rockefeller Plaza, 10th Floor, New York, NY, USA, 10020
American Education Center Inc is a United States-based company engaged in the providing of consulting services. Its Consulting services include Placement Advisory Services, Career Advisory Services, Student & Family Advisory Services, and Other Advisory Services. The company operates in two segments namely AEC New York segment and AEC BVI segment. The majority of the revenue is generated from the AEC New York segment which capitalizes middle-class families in China for quality education and works experiences in the United States( US) and delivers customized high school and college placement and career advisory services to Chinese students wishing to study in the US.