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TripSitter Clinic (FRA:UY00) Asset Turnover : 0.00 (As of Jul. 2024)


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What is TripSitter Clinic Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. TripSitter Clinic's Revenue for the three months ended in Jul. 2024 was €0.00 Mil. TripSitter Clinic's Total Assets for the quarter that ended in Jul. 2024 was €0.00 Mil. Therefore, TripSitter Clinic's Asset Turnover for the quarter that ended in Jul. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. TripSitter Clinic's annualized ROE % for the quarter that ended in Jul. 2024 was 13.03%. It is also linked to ROA % through Du Pont Formula. TripSitter Clinic's annualized ROA % for the quarter that ended in Jul. 2024 was -3,400.00%.


TripSitter Clinic Asset Turnover Historical Data

The historical data trend for TripSitter Clinic'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.

TripSitter Clinic Asset Turnover Chart

TripSitter Clinic Annual Data
Trend Jan21 Jan22 Jan23 Jan24
Asset Turnover
- 0.08 0.62 0.29

TripSitter Clinic Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 - 0.03 -0.29 - -

Competitive Comparison of TripSitter Clinic's Asset Turnover

For the Health Information Services subindustry, TripSitter Clinic'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.


TripSitter Clinic's Asset Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, TripSitter Clinic's Asset Turnover distribution charts can be found below:

* The bar in red indicates where TripSitter Clinic's Asset Turnover falls into.



TripSitter Clinic Asset Turnover Calculation

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

TripSitter Clinic's Asset Turnover for the fiscal year that ended in Jan. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jan. 2024 )/( (Total Assets (A: Jan. 2023 )+Total Assets (A: Jan. 2024 ))/ count )
=0.01/( (0.068+0.002)/ 2 )
=0.01/0.035
=0.29

TripSitter Clinic's Asset Turnover for the quarter that ended in Jul. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jul. 2024 )/( (Total Assets (Q: Apr. 2024 )+Total Assets (Q: Jul. 2024 ))/ count )
=0/( (0.001+0.003)/ 2 )
=0/0.002
=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.


TripSitter Clinic  (FRA:UY00) Asset Turnover Explanation

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

TripSitter Clinic's annulized ROE % for the quarter that ended in Jul. 2024 is

ROE %**(Q: Jul. 2024 )
=Net Income/Total Stockholders Equity
=-0.068/-0.522
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.068 / 0)*(0 / 0.002)*(0.002/ -0.522)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*-0.0038
=ROA %*Equity Multiplier
=-3,400.00 %*-0.0038
=13.03 %

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

TripSitter Clinic's annulized ROA % for the quarter that ended in Jul. 2024 is

ROA %(Q: Jul. 2024 )
=Net Income/Total Assets
=-0.068/0.002
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.068 / 0)*(0 / 0.002)
=Net Margin %*Asset Turnover
= %*0
=-3,400.00 %

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


TripSitter Clinic Asset Turnover Related Terms

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TripSitter Clinic Business Description

Traded in Other Exchanges
Address
885 West Georgia Street, Suite 2200, Vancouver, BC, CAN, V6C 3E8
TripSitter Clinic Ltd is a consultative virtual clinic and telehealth platform that connects prospective patients to a licensed physician in the United States who can evaluate for a prescribed treatment program of low-dose, oral ketamine medication. Its revenues are generated from the provision of initial consultations and monthly subscriptions to patients seeking mental health treatment that includes legal psychedelic medicine connected with licensed medical practitioners, and also it earns revenue from the sale of monthly subscription plans in the United States.

TripSitter Clinic Headlines

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