ANDR (Andrea Electronics) Asset Turnover: 0.26 (As of Dec. 2022)


What is Andrea Electronics Asset Turnover?

Andrea Electronics ANDR Asset Turnover is 0.26 as of Dec. 2022.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Andrea Electronics's Revenue for the three months ended in Dec. 2022 was $0.25 Mil. Andrea Electronics's Total Assets for the quarter that ended in Dec. 2022 was $0.96 Mil. Therefore, Andrea Electronics's Asset Turnover for the quarter that ended in Dec. 2022 was 0.26.

Asset Turnover is linked to ROE % through Du Pont Formula. Andrea Electronics's annualized ROE % for the quarter that ended in Dec. 2022 was 50.35%. It is also linked to ROA % through Du Pont Formula. Andrea Electronics's annualized ROA % for the quarter that ended in Dec. 2022 was -121.28%.

Andrea Electronics  (OTCPK:ANDR) Asset Turnover Explanation

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

Andrea Electronics's annulized ROE % for the quarter that ended in Dec. 2022 is

ROE %**(Q: Dec. 2022 )
=Net Income/Total Stockholders Equity
=-1.16/-2.304
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1.16 / 1.008)*(1.008 / 0.9565)*(0.9565/ -2.304)
=Net Margin %*Asset Turnover*Equity Multiplier
=-115.08 %*1.0538*-0.4151
=ROA %*Equity Multiplier
=-121.28 %*-0.4151
=50.35 %

Note: The Net Income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) 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:

Andrea Electronics's annulized ROA % for the quarter that ended in Dec. 2022 is

ROA %(Q: Dec. 2022 )
=Net Income/Total Assets
=-1.16/0.9565
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.16 / 1.008)*(1.008 / 0.9565)
=Net Margin %*Asset Turnover
=-115.08 %*1.0538
=-121.28 %

Note: The Net Income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) 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.

Andrea Electronics Asset Turnover Related Terms

Andrea Electronics Asset Turnover Historical Data

* Premium members only.

The historical data trend for Andrea Electronics'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.

Andrea Electronics Asset Turnover Chart

Andrea Electronics Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 1.35 1.08 1.42 1.95

Andrea Electronics Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 0.34 0.45 0.49 0.53 0.26

ANDR vs GAXY, TKLS, WTO: Asset Turnover Comparison

For the Consumer Electronics subindustry, Andrea Electronics'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.

Andrea Electronics Asset Turnover vs Hardware Industry

For the Hardware industry and Technology sector, Andrea Electronics's Asset Turnover distribution charts can be found below:

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


Andrea Electronics Asset Turnover Calculation

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

Andrea Electronics'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: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=1.962/( (1.138+0.878)/ 2 )
=1.962/1.008
=1.95

Andrea Electronics's Asset Turnover for the quarter that ended in Dec. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2022 )/( (Total Assets (Q: Sep. 2022 )+Total Assets (Q: Dec. 2022 ))/ count )
=0.252/( (1.035+0.878)/ 2 )
=0.252/0.9565
=0.26

* 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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.26 mean?
Andrea Electronics (ANDR) has a Asset Turnover of 0.26 as of Dec. 2022. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Andrea Electronics and its competitors.
Is Andrea Electronics' Asset Turnover too high?
Andrea Electronics' current Asset Turnover is 0.26.
How does Andrea Electronics' Asset Turnover compare to GAXY and TKLS?
Andrea Electronics' Asset Turnover of 0.26 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Hardware company?
A good Asset Turnover depends on the Hardware industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Andrea Electronics and its competitors. Andrea Electronics's current Asset Turnover is 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Andrea Electronics stock overvalued right now?
Andrea Electronics (ANDR) has a current Asset Turnover of 0.26. The current Asset Turnover is 0.26. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Andrea Electronics (ANDR), the current Asset Turnover is 0.26 as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Andrea Electronics Business Description

Address 620 Johnson Avenue, Suite 1B, Bohemia, NY, USA, 11716
Andrea Electronics Corp is engaged in the design, development, and manufacturing of digital microphone products and noise reduction software that facilitate natural language, human, and machine interfaces. The company's technologies assist in eliminating background noise to enable the optimum performance of various speech-based and audio applications. It operates through two segments. The Patent monetization segment consists of monetization revenues. Its Andrea DSP microphone & audio software products segment includes products such as Andrea digital super directional array microphone technology, Andrea direction-finding & tracking array microphone technology, Andrea pure audio noise-filtering technology, and Andrea EchoStop, an advanced acoustic echo cancellation technology.