GURUFOCUS.COM » STOCK LIST » Technology » Software » Substrate Artificial Inteligence SA (FRA:U8S) » Definitions » Asset Turnover

Substrate Artificial Inteligence (FRA:U8S) Asset Turnover : 0.20 (As of Dec. 2023)


View and export this data going back to 2022. Start your Free Trial

What is Substrate Artificial Inteligence Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Substrate Artificial Inteligence's Revenue for the six months ended in Dec. 2023 was €6.81 Mil. Substrate Artificial Inteligence's Total Assets for the quarter that ended in Dec. 2023 was €33.31 Mil. Therefore, Substrate Artificial Inteligence's Asset Turnover for the quarter that ended in Dec. 2023 was 0.20.

Asset Turnover is linked to ROE % through Du Pont Formula. Substrate Artificial Inteligence's annualized ROE % for the quarter that ended in Dec. 2023 was -60.45%. It is also linked to ROA % through Du Pont Formula. Substrate Artificial Inteligence's annualized ROA % for the quarter that ended in Dec. 2023 was -36.64%.


Substrate Artificial Inteligence Asset Turnover Historical Data

The historical data trend for Substrate Artificial Inteligence'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.

Substrate Artificial Inteligence Asset Turnover Chart

Substrate Artificial Inteligence Annual Data
Trend Dec21 Dec22 Dec23
Asset Turnover
0.05 0.11 0.25

Substrate Artificial Inteligence Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Asset Turnover Get a 7-Day Free Trial 0.04 0.05 0.09 0.08 0.20

Competitive Comparison of Substrate Artificial Inteligence's Asset Turnover

For the Software - Infrastructure subindustry, Substrate Artificial Inteligence'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.


Substrate Artificial Inteligence's Asset Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Substrate Artificial Inteligence's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Substrate Artificial Inteligence's Asset Turnover falls into.


;
;

Substrate Artificial Inteligence Asset Turnover Calculation

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

Substrate Artificial Inteligence'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 )
=8.609/( (23.692+44.46)/ 2 )
=8.609/34.076
=0.25

Substrate Artificial Inteligence'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: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=6.811/( (22.16+44.46)/ 2 )
=6.811/33.31
=0.20

* 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.


Substrate Artificial Inteligence  (FRA:U8S) Asset Turnover Explanation

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

Substrate Artificial Inteligence's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-12.206/20.192
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-12.206 / 13.622)*(13.622 / 33.31)*(33.31/ 20.192)
=Net Margin %*Asset Turnover*Equity Multiplier
=-89.61 %*0.4089*1.6497
=ROA %*Equity Multiplier
=-36.64 %*1.6497
=-60.45 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (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:

Substrate Artificial Inteligence's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-12.206/33.31
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-12.206 / 13.622)*(13.622 / 33.31)
=Net Margin %*Asset Turnover
=-89.61 %*0.4089
=-36.64 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (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.


Substrate Artificial Inteligence Asset Turnover Related Terms

Thank you for viewing the detailed overview of Substrate Artificial Inteligence's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Substrate Artificial Inteligence Business Description

Traded in Other Exchanges
Address
C/ Maria de Molina, 41, Office 506, Madrid, ESP, 28006
Substrate Artificial Inteligence SA is an Artificial Intelligence company in Spain. Its software is applied in agritech, energy, industry, fintech, human resources, or health sectors. Its technology is easy to implement and allows it to address all the problems faced by companies in the digitization and streamlining of their processes, optimizing decision-making and generating great cost savings.

Substrate Artificial Inteligence Headlines

No Headlines