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Digital Brand Media & Marketing Group (Digital Brand Media & Marketing Group) Asset Turnover : 1.76 (As of Feb. 2024)


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What is Digital Brand Media & Marketing Group Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Digital Brand Media & Marketing Group's Revenue for the three months ended in Feb. 2024 was $0.08 Mil. Digital Brand Media & Marketing Group's Total Assets for the quarter that ended in Feb. 2024 was $0.05 Mil. Therefore, Digital Brand Media & Marketing Group's Asset Turnover for the quarter that ended in Feb. 2024 was 1.76.

Asset Turnover is linked to ROE % through Du Pont Formula. Digital Brand Media & Marketing Group's annualized ROE % for the quarter that ended in Feb. 2024 was 10.88%. It is also linked to ROA % through Du Pont Formula. Digital Brand Media & Marketing Group's annualized ROA % for the quarter that ended in Feb. 2024 was -1,643.48%.


Digital Brand Media & Marketing Group Asset Turnover Historical Data

The historical data trend for Digital Brand Media & Marketing Group'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.

Digital Brand Media & Marketing Group Asset Turnover Chart

Digital Brand Media & Marketing Group Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 4.14 4.30 7.53 6.33

Digital Brand Media & Marketing Group Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1.11 1.51 1.59 1.58 1.76

Competitive Comparison of Digital Brand Media & Marketing Group's Asset Turnover

For the Advertising Agencies subindustry, Digital Brand Media & Marketing Group'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.


Digital Brand Media & Marketing Group's Asset Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Digital Brand Media & Marketing Group's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Digital Brand Media & Marketing Group's Asset Turnover falls into.



Digital Brand Media & Marketing Group Asset Turnover Calculation

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

Digital Brand Media & Marketing Group's Asset Turnover for the fiscal year that ended in Aug. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Aug. 2023 )/( (Total Assets (A: Aug. 2022 )+Total Assets (A: Aug. 2023 ))/ count )
=0.31/( (0.032+0.066)/ 2 )
=0.31/0.049
=6.33

Digital Brand Media & Marketing Group's Asset Turnover for the quarter that ended in Feb. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Feb. 2024 )/( (Total Assets (Q: Nov. 2023 )+Total Assets (Q: Feb. 2024 ))/ count )
=0.081/( (0.043+0.049)/ 2 )
=0.081/0.046
=1.76

* 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.


Digital Brand Media & Marketing Group  (OTCPK:DBMM) Asset Turnover Explanation

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

Digital Brand Media & Marketing Group's annulized ROE % for the quarter that ended in Feb. 2024 is

ROE %**(Q: Feb. 2024 )
=Net Income/Total Stockholders Equity
=-0.756/-6.95
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.756 / 0.324)*(0.324 / 0.046)*(0.046/ -6.95)
=Net Margin %*Asset Turnover*Equity Multiplier
=-233.33 %*7.0435*-0.0066
=ROA %*Equity Multiplier
=-1,643.48 %*-0.0066
=10.88 %

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

Digital Brand Media & Marketing Group's annulized ROA % for the quarter that ended in Feb. 2024 is

ROA %(Q: Feb. 2024 )
=Net Income/Total Assets
=-0.756/0.046
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.756 / 0.324)*(0.324 / 0.046)
=Net Margin %*Asset Turnover
=-233.33 %*7.0435
=-1,643.48 %

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


Digital Brand Media & Marketing Group Asset Turnover Related Terms

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Digital Brand Media & Marketing Group (Digital Brand Media & Marketing Group) Business Description

Traded in Other Exchanges
N/A
Address
845 Third Avenue, 6th Floor, New York, NY, USA, 10022
Digital Brand Media & Marketing Group Inc is involved in the business of crafting, designing, and executing digital marketing strategies across multiple advertising platforms and social media networks for an array of clients to increase return on investment. The company generates revenue through Pay-Per-Click Advertising, Search Engine Marketing, Search Engine Optimization Services, Web Design, Social Media, Digital analytics and Advisory Services. It promotes and sells its services under the brand name of Digital Clarity.
Executives
Linda Perry director 400 EAST 54TH STREET, APT 28E, NEW YORK NY 10022
Reggie James director HOLLYDALE SNOWDENHAM LANE, BRAMLEY, SURRY X0 GU5 0AT

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