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ATER (Aterian) Asset Turnover : 0.47 (As of Sep. 2024)


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What is Aterian Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Aterian's Revenue for the three months ended in Sep. 2024 was $26.2 Mil. Aterian's Total Assets for the quarter that ended in Sep. 2024 was $56.0 Mil. Therefore, Aterian's Asset Turnover for the quarter that ended in Sep. 2024 was 0.47.

Asset Turnover is linked to ROE % through Du Pont Formula. Aterian's annualized ROE % for the quarter that ended in Sep. 2024 was -23.06%. It is also linked to ROA % through Du Pont Formula. Aterian's annualized ROA % for the quarter that ended in Sep. 2024 was -12.67%.


Aterian Asset Turnover Historical Data

The historical data trend for Aterian'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.

Aterian Asset Turnover Chart

Aterian Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 1.73 1.60 1.05 0.94 1.31

Aterian 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 0.46 0.46 0.34 0.48 0.47

Competitive Comparison of Aterian's Asset Turnover

For the Furnishings, Fixtures & Appliances subindustry, Aterian'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.


Aterian's Asset Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Aterian's Asset Turnover distribution charts can be found below:

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



Aterian Asset Turnover Calculation

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

Aterian'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 )
=142.566/( (156.439+61.869)/ 2 )
=142.566/109.154
=1.31

Aterian'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 )
=26.239/( (59.852+52.139)/ 2 )
=26.239/55.9955
=0.47

* 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.


Aterian  (NAS:ATER) Asset Turnover Explanation

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

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

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=-7.092/30.7565
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-7.092 / 104.956)*(104.956 / 55.9955)*(55.9955/ 30.7565)
=Net Margin %*Asset Turnover*Equity Multiplier
=-6.76 %*1.8744*1.8206
=ROA %*Equity Multiplier
=-12.67 %*1.8206
=-23.06 %

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:

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

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=-7.092/55.9955
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-7.092 / 104.956)*(104.956 / 55.9955)
=Net Margin %*Asset Turnover
=-6.76 %*1.8744
=-12.67 %

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.


Aterian Asset Turnover Related Terms

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


Aterian Business Description

Traded in Other Exchanges
Address
350 Springfield Avenue, Suite 200, Summit, NJ, USA, 07901
Aterian Inc is a technology-enabled consumer products company. Its product categories include home and kitchen appliances, kitchenware, environmental appliances (dehumidifiers and air conditioners), beauty-related products and, consumer electronics. It has various owned and operated brands including Vremi, Healing Solutions, Xtava, TRUWEO, Spiralize, Pohl+Schmitt, and RIF6. The company generates revenue through the online sales of various consumer products that are sold online.
Executives
Arturo Rodriguez officer: Chief Financial Officer C/O ATARI, INC., 417 FIFTH AVENUE, NEW YORK NY 10016
Roi Zion Zahut officer: Chief Technology Officer C/O MOHAWK GROUP HOLDINGS, INC., 37 EAST 18TH STREET, 7TH FLOOR, NEW YORK NY 10003
Phillip Lepper officer: Chief Revenue Officer 21908 N SPOTTED RD, DEER PARK WA 990006
Susan E. Lattmann director C/O BED BATH & BEYOND INC., 650 LIBERTY AVENUE, UNION NJ 07083
William Kurtz director NOVELLUS SYSTEMS, INC., 4000 NORTH FIRST STREET, SAN JOSE CA 95134
Sarah Liebel director 1STDIBS.COM, INC., 51 ASTOR PLACE, 3RD FLOOR, NEW YORK NY 10003
Bari A Harlam director C/O MOHAWK GROUP HOLDINGS, INC., 37 EAST 18TH STREET, 7TH FLOOR, NEW YORK NY 10003
Joseph A Risico officer: General Counsel C/O MOHAWK GROUP HOLDINGS, INC., 37 EAST 18TH STREET, 7TH FLOOR, NEW YORK NY 10003
Yaniv Zion Sarig director, 10 percent owner, officer: See Remarks C/O MOHAWK GROUP HOLDINGS, INC., 37 EAST 18TH STREET, 7TH FLOOR, NEW YORK NY 10003
Mihal Chaouat-fix officer: Chief Product Officer C/O MOHAWK GROUP HOLDINGS, INC., 37 EAST 18TH STREET, 7TH FLOOR, NEW YORK NY 10003
Rueden Anton Von officer: COO C/O ATERIAN, INC., 37 EAST 18TH STREET, 7TH FLOOR, NEW YORK NY 10003
Cynthia W Williams director C/O WIZARDS OF THE COAST LLC, 1600 LIND AVENUE, SW, STE 400, RENTON WA 98055
Tomer Pascal officer: Chief Revenue Officer C/O MOHAWK GROUP HOLDINGS, INC., 37 EAST 18TH STREET, 7TH FLOOR, NEW YORK NY 10003
9830 Macarthur Llc 10 percent owner 30 N. GOULD ST, SUITE R, SHERIDAN WY 82801
Walter Amy Von director C/O MOHAWK GROUP HOLDINGS, INC., 37 EAST 18TH STREET, 7TH FLOOR, NEW YORK NY 10003