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EDTK (Skillful Craftsman Education Technology) Asset Turnover : 0.00 (As of Sep. 2024)


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What is Skillful Craftsman Education Technology Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Skillful Craftsman Education Technology's Revenue for the six months ended in Sep. 2024 was $0.12 Mil. Skillful Craftsman Education Technology's Total Assets for the quarter that ended in Sep. 2024 was $35.51 Mil. Therefore, Skillful Craftsman Education Technology's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Skillful Craftsman Education Technology's annualized ROE % for the quarter that ended in Sep. 2024 was -28.86%. It is also linked to ROA % through Du Pont Formula. Skillful Craftsman Education Technology's annualized ROA % for the quarter that ended in Sep. 2024 was -16.54%.


Skillful Craftsman Education Technology Asset Turnover Historical Data

The historical data trend for Skillful Craftsman Education Technology'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.

Skillful Craftsman Education Technology Asset Turnover Chart

Skillful Craftsman Education Technology Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
Get a 7-Day Free Trial 0.64 0.56 0.35 0.19 0.05

Skillful Craftsman Education Technology Semi-Annual Data
Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 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 0.11 0.08 0.04 0.01 -

Competitive Comparison of Skillful Craftsman Education Technology's Asset Turnover

For the Education & Training Services subindustry, Skillful Craftsman Education Technology'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.


Skillful Craftsman Education Technology's Asset Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Skillful Craftsman Education Technology's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Skillful Craftsman Education Technology's Asset Turnover falls into.


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Skillful Craftsman Education Technology Asset Turnover Calculation

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

Skillful Craftsman Education Technology's Asset Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2024 )/( (Total Assets (A: Mar. 2023 )+Total Assets (A: Mar. 2024 ))/ count )
=1.999/( (43.643+36.323)/ 2 )
=1.999/39.983
=0.05

Skillful Craftsman Education Technology'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: Mar. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=0.119/( (36.323+34.694)/ 2 )
=0.119/35.5085
=0.00

* 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.


Skillful Craftsman Education Technology  (NAS:EDTK) Asset Turnover Explanation

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

Skillful Craftsman Education Technology's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=-5.872/20.3465
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-5.872 / 0.238)*(0.238 / 35.5085)*(35.5085/ 20.3465)
=Net Margin %*Asset Turnover*Equity Multiplier
=-2467.23 %*0.0067*1.7452
=ROA %*Equity Multiplier
=-16.54 %*1.7452
=-28.86 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2024) net income data. The Revenue data used here is two times the semi-annual (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:

Skillful Craftsman Education Technology's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=-5.872/35.5085
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-5.872 / 0.238)*(0.238 / 35.5085)
=Net Margin %*Asset Turnover
=-2467.23 %*0.0067
=-16.54 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2024) net income data. The Revenue data used here is two times the semi-annual (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.


Skillful Craftsman Education Technology Asset Turnover Related Terms

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Skillful Craftsman Education Technology Business Description

Traded in Other Exchanges
N/A
Address
No. 311, Yanxin Road, Floor 4, Building 1, Jiangsu Province, Huishan District, Wuxi, CHN, 214000
Skillful Craftsman Education Technology Ltd provides online education and technology services in China. The services comprises of two aspects - Online vocational training and Virtual simulation experimental training. It covers a wide range of subjects, including mechanics, electronics, auto repair and construction. Majority of its revenues are generated from the People's Republic of China.