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ASTC (Astrotech) Asset Turnover : 0.00 (As of Sep. 2024)


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What is Astrotech Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Astrotech's Revenue for the three months ended in Sep. 2024 was $0.03 Mil. Astrotech's Total Assets for the quarter that ended in Sep. 2024 was $36.04 Mil. Therefore, Astrotech's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Astrotech's annualized ROE % for the quarter that ended in Sep. 2024 was -39.22%. It is also linked to ROA % through Du Pont Formula. Astrotech's annualized ROA % for the quarter that ended in Sep. 2024 was -36.38%.


Astrotech Asset Turnover Historical Data

The historical data trend for Astrotech'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.

Astrotech Asset Turnover Chart

Astrotech Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.10 0.01 0.01 0.01 0.04

Astrotech Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.01 0.03 - - -

Competitive Comparison of Astrotech's Asset Turnover

For the Scientific & Technical Instruments subindustry, Astrotech'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.


Astrotech's Asset Turnover Distribution in the Hardware Industry

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

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



Astrotech Asset Turnover Calculation

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

Astrotech's Asset Turnover for the fiscal year that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2024 )/( (Total Assets (A: Jun. 2023 )+Total Assets (A: Jun. 2024 ))/ count )
=1.664/( (47.675+37.64)/ 2 )
=1.664/42.6575
=0.04

Astrotech's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=0.034/( (37.64+34.449)/ 2 )
=0.034/36.0445
=0.00

* 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.


Astrotech  (NAS:ASTC) Asset Turnover Explanation

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

Astrotech's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=-13.112/33.434
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-13.112 / 0.136)*(0.136 / 36.0445)*(36.0445/ 33.434)
=Net Margin %*Asset Turnover*Equity Multiplier
=-9641.18 %*0.0038*1.0781
=ROA %*Equity Multiplier
=-36.38 %*1.0781
=-39.22 %

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

Astrotech's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=-13.112/36.0445
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-13.112 / 0.136)*(0.136 / 36.0445)
=Net Margin %*Asset Turnover
=-9641.18 %*0.0038
=-36.38 %

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


Astrotech Asset Turnover Related Terms

Thank you for viewing the detailed overview of Astrotech's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Astrotech Business Description

Traded in Other Exchanges
Address
2105 Donley Drive, Suite 100, Austin, TX, USA, 78758
Astrotech Corp is a science and technology development company. The firm invents, acquires, and commercializes technological innovations sourced from internal research, universities, laboratories, and research institutions. The 1st Detect develops, manufactures, and sells chemical analyzers for use in the airport security, military, and breath analysis markets. AgLAB develops a series of mass spectrometers for use in the agriculture market.
Executives
James Frank Becker director 283 HEMLOCK LANE, WEST CHICAGO IL 60185
Thomas Wiley Wilkinson director 3 COLERIDGE LANE, AUSTIN TX 78746
Russler Daniel T Jr director 2105 DONLEY DRIVE, SUITE 100, AUSTIN TX 78758
Robert N Mcfarland director C/O EZENIA, INC., 14 CELINA AVE, SUITE 17-18, NASHUA NH 03063
Jaime Hinojosa officer: CFO 2028 E BEN WHITE BLVD STE 240-9530, AUSTIN TX 78741
Braden Michael Leonard 10 percent owner 156 S. FIRST STREET, ZIONSVILLE IN 46077
Winn Interests, Ltd. 10 percent owner 800 N. SHORELINE, 1900 N. TOWER, CORPUS CHRISTI TX 78401
Mark Adams director 12130 HIGHWAY 3, BUILDING 1, WEBSTER TX 77598
William F Readdy director 12130 HIGHWAY 3, BUILDING 1, WEBSTER TX 77598
Ronald W Cantwell director 250 PARK AVE, SUITE 2020, NEW YORK NY 10017
Michael R. Humphrey director 401 CONGRESS AVE., SUITE 1650, AUSTIN TX 78701
Eric Stober officer: Chief Financial Officer 201 W. 5TH STREET, SUITE 1275, AUSTIN TX 78701
Pickens Thomas Boone Iii director, 10 percent owner, officer: Chief Executive Officer 12130 HIGHWAY 3, BLDG. 1, WEBSTER TX 77598
Sha-chelle Manning director 907 GEMINI STREET, HOUSTON TX 77058
Rajesh K Mellacheruvu officer: Chief Operating Officer 401 CONGRESS AVE, SUITE 1650, AUSTIN TX 78701