DNMR has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
DNMR has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Danimer Scientific's Revenue for the three months ended in Dec. 2023 was $10.95 Mil. Danimer Scientific's Total Assets for the quarter that ended in Dec. 2023 was $709.55 Mil. Therefore, Danimer Scientific's Asset Turnover for the quarter that ended in Dec. 2023 was 0.02.
Asset Turnover is linked to ROE % through Du Pont Formula. Danimer Scientific's annualized ROE % for the quarter that ended in Dec. 2023 was -54.18%. It is also linked to ROA % through Du Pont Formula. Danimer Scientific's annualized ROA % for the quarter that ended in Dec. 2023 was -22.23%.
The historical data trend for Danimer Scientific'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.
Danimer Scientific Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Asset Turnover | 0.22 | 0.14 | 0.09 | 0.07 | 0.07 |
Danimer Scientific Quarterly Data | |||||||||||||||||
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 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
For the Specialty Chemicals subindustry, Danimer Scientific'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 Chemicals industry and Basic Materials sector, Danimer Scientific's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Danimer Scientific's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Danimer Scientific'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 ) |
= | 46.684 | / | ( (712.27 | + | 698.131) | / 2 ) |
= | 46.684 | / | 705.2005 | |||
= | 0.07 |
Danimer Scientific'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 ) |
= | 10.945 | / | ( (720.966 | + | 698.131) | / 2 ) |
= | 10.945 | / | 709.5485 | |||
= | 0.02 |
* 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.
Danimer Scientific (NYSE:DNMR) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Danimer Scientific's annulized ROE % for the quarter that ended in Dec. 2023 is
ROE %** | (Q: Dec. 2023 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -157.736 | / | 291.1505 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-157.736 / 43.78) | * | (43.78 / 709.5485) | * | (709.5485/ 291.1505) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -360.29 % | * | 0.0617 | * | 2.4371 |
= | ROA % | * | Equity Multiplier | ||
= | -22.23 % | * | 2.4371 | ||
= | -54.18 % |
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:
Danimer Scientific's annulized ROA % for the quarter that ended in Dec. 2023 is
ROA % | (Q: Dec. 2023 ) | ||
= | Net Income | / | Total Assets |
= | -157.736 | / | 709.5485 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-157.736 / 43.78) | * | (43.78 / 709.5485) |
= | Net Margin % | * | Asset Turnover |
= | -360.29 % | * | 0.0617 |
= | -22.23 % |
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.
Thank you for viewing the detailed overview of Danimer Scientific's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Richard J Hendrix | director | 1300 NORTH 17TH STREET, ARLINGTON VA 22209 |
Scott Tuten | officer: Chief Marketing Officer | 286 DOE RUN DRIVE, CAIRO GA 39828 |
Gregory W. Hunt | director | 730 5TH AVENUE, NEW YORK NY 10019 |
Allison Leopold Tilley | director | 1300 NORTH 17TH STREET, ARLINGTON VA 22209 |
Cynthia R Cohen | director | 1401 BRICKELL AVENUE, SUITE 640, C/O STRATEGIC MINDSHARE, MIAMI FL 33131 |
John P Amboian | director | |
Michael A Hajost | officer: Chief Financial Officer | C/O CARPENTER TECHNOLOGY CORPORATION, PO BOX 14662, READING PA 19612-4662 |
Stephen Croskrey | director, officer: CEO & Chairman of the Board | C/O ARMOR HOLDINGS INC, 1400 MARSH LANDING PARKWAY SUITE 112, JACKSONVILLE FL 32250 |
Stuart W Pratt | director | 303 CONGRESS STREET, BOSTON MA 02210 |
Van Trump Phillip D | officer: Chief Technology Officer | 1466 NORTH DECATUR ROAD, ATLANTA GA 30306 |
Philip Gregory Calhoun | director | 2100 WHITES BRIDGE ROAD, COLQUITT GA 39837 |
Isao Noda | director | 1568 HUNTER ROAD, FAIRFIELD OH 45914 |
Michael Eric Smith | officer: Chief Operating Officer | 2208 WYNDHAM WAY, BAINBRIDGE GA 39819 |
Christy A Basco | director | 206 WINDING HOLLOW LANE, COPPELL TX 75019 |
Wunderlich Gary Kent Jr | 10 percent owner, officer: President, other: President | CLO B. RILEY FINANCIAL, INC.,, 21255 BURBANK BLVD., SUITE 400, WOODLAND CA 91367 |
From GuruFocus
By Business Wire Business Wire • 03-20-2023
By Business Wire Business Wire • 01-26-2022
By Business Wire • 09-20-2023
By Business Wire Business Wire • 11-03-2022
By Business Wire • 07-31-2023
By Business Wire Business Wire • 10-25-2022
By Business Wire • 11-07-2023
By Business Wire Business Wire • 07-27-2022
By Business Wire Business Wire • 01-20-2022
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.