GURUFOCUS.COM » STOCK LIST » Technology » Software » Data443 Risk Mitigation Inc (OTCPK:ATDS) » Definitions » Asset Turnover

Data443 Risk Mitigation (Data443 Risk Mitigation) Asset Turnover : 0.42 (As of Dec. 2023)


View and export this data going back to . Start your Free Trial

What is Data443 Risk Mitigation Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Data443 Risk Mitigation's Revenue for the three months ended in Dec. 2023 was $2.89 Mil. Data443 Risk Mitigation's Total Assets for the quarter that ended in Dec. 2023 was $6.87 Mil. Therefore, Data443 Risk Mitigation's Asset Turnover for the quarter that ended in Dec. 2023 was 0.42.

Asset Turnover is linked to ROE % through Du Pont Formula. Data443 Risk Mitigation's annualized ROE % for the quarter that ended in Dec. 2023 was 87.94%. It is also linked to ROA % through Du Pont Formula. Data443 Risk Mitigation's annualized ROA % for the quarter that ended in Dec. 2023 was -94.16%.


Data443 Risk Mitigation Asset Turnover Historical Data

The historical data trend for Data443 Risk Mitigation'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.

Data443 Risk Mitigation Asset Turnover Chart

Data443 Risk Mitigation Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 0.50 0.72 1.17 0.73 0.96

Data443 Risk Mitigation Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.08 0.33 0.15 0.14 0.42

Competitive Comparison of Data443 Risk Mitigation's Asset Turnover

For the Software - Infrastructure subindustry, Data443 Risk Mitigation'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.


Data443 Risk Mitigation's Asset Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Data443 Risk Mitigation's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Data443 Risk Mitigation's Asset Turnover falls into.



Data443 Risk Mitigation Asset Turnover Calculation

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

Data443 Risk Mitigation's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=5.579/( (4.183+7.454)/ 2 )
=5.579/5.8185
=0.96

Data443 Risk Mitigation's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=2.886/( (6.284+7.454)/ 2 )
=2.886/6.869
=0.42

* 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.


Data443 Risk Mitigation  (OTCPK:ATDS) Asset Turnover Explanation

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

Data443 Risk Mitigation's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-6.468/-7.355
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-6.468 / 11.544)*(11.544 / 6.869)*(6.869/ -7.355)
=Net Margin %*Asset Turnover*Equity Multiplier
=-56.03 %*1.6806*-0.9339
=ROA %*Equity Multiplier
=-94.16 %*-0.9339
=87.94 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 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:

Data443 Risk Mitigation's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-6.468/6.869
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-6.468 / 11.544)*(11.544 / 6.869)
=Net Margin %*Asset Turnover
=-56.03 %*1.6806
=-94.16 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 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.


Data443 Risk Mitigation Asset Turnover Related Terms

Thank you for viewing the detailed overview of Data443 Risk Mitigation's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Data443 Risk Mitigation (Data443 Risk Mitigation) Business Description

Traded in Other Exchanges
N/A
Address
4000 Sancar Drive, P.O. Box 12235, Suite 400, Research Triangle Park, Durham, NC, USA, 27709
Data443 Risk Mitigation Inc is engaged in developing products that enable secure data, at rest and in flight, across local devices, networks, cloud, and databases. The company derives revenue primarily from contracts for subscription to access the SaaS platforms and, ancillary services provided in connection with subscription services. Its product portfolio comprises of ClassiDocs, WordPress GDPR Framework, ARALOC platform, ArcMail, Data443 Virtual Data Protection Officer program, and Privacy Manager.
Executives
Greg Mccraw officer: Vice President and CFO 4000 PARK DRIVE, SUITE 400, RESEARCH TRIANGLE NC 27709
Remillard Jason L M director, officer: President; CEO; Secretary 101 J. MORRIS COMMONS LANE, SUITE 105, MORRISVILLE NC 27560