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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. Complete Solaria's Revenue for the three months ended in Sep. 2024 was $5.54 Mil. Complete Solaria's Total Assets for the quarter that ended in Sep. 2024 was $70.66 Mil. Therefore, Complete Solaria's Asset Turnover for the quarter that ended in Sep. 2024 was 0.08.
Asset Turnover is linked to ROE % through Du Pont Formula. Complete Solaria's annualized ROE % for the quarter that ended in Sep. 2024 was 265.75%. It is also linked to ROA % through Du Pont Formula. Complete Solaria's annualized ROA % for the quarter that ended in Sep. 2024 was -441.29%.
The historical data trend for Complete Solaria'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.
Complete Solaria Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Asset Turnover | - | 2.61 | 0.52 | 0.64 |
Complete Solaria Quarterly Data | ||||||||||||
Dec20 | Dec21 | Mar22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Asset Turnover | Get a 7-Day Free Trial | 0.34 | 0.35 | 0.23 | 0.12 | 0.08 |
For the Solar subindustry, Complete Solaria'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.
For the Semiconductors industry and Technology sector, Complete Solaria's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Complete Solaria's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Complete Solaria'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 ) |
= | 87.616 | / | ( (228.183 | + | 47.322) | / 2 ) |
= | 87.616 | / | 137.7525 | |||
= | 0.64 |
Complete Solaria'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 ) |
= | 5.536 | / | ( (33.392 | + | 107.936) | / 2 ) |
= | 5.536 | / | 70.664 | |||
= | 0.08 |
* 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.
Complete Solaria (NAS:CSLR) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Complete Solaria's annulized ROE % for the quarter that ended in Sep. 2024 is
ROE %** | (Q: Sep. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -311.832 | / | -117.3385 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-311.832 / 22.144) | * | (22.144 / 70.664) | * | (70.664/ -117.3385) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -1408.2 % | * | 0.3134 | * | -0.6022 |
= | ROA % | * | Equity Multiplier | ||
= | -441.29 % | * | -0.6022 | ||
= | 265.75 % |
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:
Complete Solaria's annulized ROA % for the quarter that ended in Sep. 2024 is
ROA % | (Q: Sep. 2024 ) | ||
= | Net Income | / | Total Assets |
= | -311.832 | / | 70.664 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-311.832 / 22.144) | * | (22.144 / 70.664) |
= | Net Margin % | * | Asset Turnover |
= | -1408.2 % | * | 0.3134 |
= | -441.29 % |
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.
Thank you for viewing the detailed overview of Complete Solaria's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
David John Anderson | director, officer: CMO; EVP Strategic Partnership | C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583 |
Vikas Desai | officer: President; GM Business Units | C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583 |
Thurman J Rodgers | director, 10 percent owner | 535 EASTVIEW WAY, WOODSIDE CA 94062 |
William James Anderson | director, officer: Chief Executive Officer | C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583 |
Arnaud Lepert | officer: Chief Operating Officer | C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583 |
Devin Whatley | director | C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583 |
Brian Wuebbels | officer: Chief Financial Officer | C/O MEMC ELECTRONIC MATERIALS, INC., 501 PEARL DRIVE, ST. PETERS MO 63376 |
Ronald J Pasek | director | 101 INNOVATION DRIVE, SAN JOSE CA 95134 |
Antonio R Alvarez | director | 3901 N. FIRST ST., SAN JOSE CA 95134 |
Edward Qiang Zeng | director | 14 WALL STREET, 20TH FLOOR, NEW YORK NY 100005 |
Nell Cady-kruse | director | C/O VARAGON CAPITAL CORPORATION, 299 PARK AVENUE, 3RD FLOOR, NEW YORK NY 10171 |
David Poritz | director | 14 WALL STREET, 20TH FLOOR, NEW YORK NY 10005 |
Adam Gishen | officer: Chief Executive Officer | 14 WALL STREET, 20TH FLOOR, NEW YORK NY 10005 |
Freedom Acquisition I Llc | 10 percent owner | C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104 |
Tidjane Thiam | director | C/O TWENTY-FIRST CENTURY FOX, INC., NEW YORK NY 10036 |
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