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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Cann American's Revenue for the
three
months ended in Aug. 2012 was $0.00 Mil. Cann American's Total Assets for the quarter that ended in Aug. 2012 was $1.07 Mil. Therefore, Cann American's Asset Turnover for the quarter that ended in Aug. 2012 was 0.00.
Asset Turnover is linked to ROE % through Du Pont Formula. Cann American's annualizedROE % for the quarter that ended in Aug. 2012 was -249.54%. It is also linked to ROA % through Du Pont Formula. Cann American's annualizedROA % for the quarter that ended in Aug. 2012 was -191.46%.
Cann American (OTCPK:CNNA) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Cann American's annulizedROE % for the quarter that ended in Aug. 2012 is
Note:
The Net Income data used here is four times the quarterly (Aug. 2012) net income data. The Revenue data used here is four times the quarterly (Aug. 2012) 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:
Cann American's annulizedROA % for the quarter that ended in Aug. 2012 is
Note:
The Net Income data used here is four times the quarterly (Aug. 2012) net income data. The Revenue data used here is four times the quarterly (Aug. 2012) 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.
Cann American Asset Turnover Related Terms
Cann American Asset Turnover Historical Data
* Premium members only.
The historical data trend for Cann American'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.
CNNA vs GLUC, HISP, FTLF: Asset Turnover Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Cann American'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.
Cann American Asset Turnover vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Cann American's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Cann American's Asset Turnover falls into.
* 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.
Cann American (CNNA) has a Asset Turnover of 0.00 as of Aug. 2012. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Cann American and its competitors.
Is Cann American's Asset Turnover too high?
Cann American's current Asset Turnover is 0.00.
How does Cann American's Asset Turnover compare to GLUC and HISP?
Cann American's Asset Turnover of 0.00 can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Asset Turnover depends on the Drug Manufacturers 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 Cann American and its competitors. Cann American's current Asset Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cann American stock overvalued right now?
Cann American (CNNA) has a current Asset Turnover of 0.00. The current Asset Turnover is 0.00. 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 Cann American (CNNA), the current Asset Turnover is 0.00 as of Aug. 2012. 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.
Cann American Corp is engaged in developing assets in legal cannabis and hemp industries. It is focused on consulting, infrastructure developming assets, product marketing and strategic acquisitions within the legal cannabis and hemp industries.
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