GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Marblegate Acquisition Corp (NAS:GATE) » Definitions » Asset Turnover

GATE (Marblegate Acquisition) Asset Turnover : 0.00 (As of Dec. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Marblegate Acquisition Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Marblegate Acquisition's Revenue for the three months ended in Dec. 2024 was $0.00 Mil. Marblegate Acquisition's Total Assets for the quarter that ended in Dec. 2024 was $4.16 Mil. Therefore, Marblegate Acquisition's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Marblegate Acquisition's annualized ROE % for the quarter that ended in Dec. 2024 was 13.84%. It is also linked to ROA % through Du Pont Formula. Marblegate Acquisition's annualized ROA % for the quarter that ended in Dec. 2024 was -65.53%.


Marblegate Acquisition Asset Turnover Historical Data

The historical data trend for Marblegate Acquisition'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.

Marblegate Acquisition Asset Turnover Chart

Marblegate Acquisition Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Asset Turnover
- - - - -

Marblegate Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 - - - - -

Competitive Comparison of Marblegate Acquisition's Asset Turnover

For the Shell Companies subindustry, Marblegate Acquisition'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.


Marblegate Acquisition's Asset Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Marblegate Acquisition's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Marblegate Acquisition's Asset Turnover falls into.


;
;

Marblegate Acquisition Asset Turnover Calculation

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

Marblegate Acquisition's Asset Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2024 )/( (Total Assets (A: Dec. 2023 )+Total Assets (A: Dec. 2024 ))/ count )
=0/( (6.94+4.174)/ 2 )
=0/5.557
=0.00

Marblegate Acquisition's Asset Turnover for the quarter that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=0/( (4.152+4.174)/ 2 )
=0/4.163
=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.


Marblegate Acquisition  (NAS:GATE) Asset Turnover Explanation

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

Marblegate Acquisition's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=-2.728/-19.714
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-2.728 / 0)*(0 / 4.163)*(4.163/ -19.714)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*-0.2112
=ROA %*Equity Multiplier
=-65.53 %*-0.2112
=13.84 %

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

Marblegate Acquisition's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=-2.728/4.163
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-2.728 / 0)*(0 / 4.163)
=Net Margin %*Asset Turnover
= %*0
=-65.53 %

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


Marblegate Acquisition Asset Turnover Related Terms

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


Marblegate Acquisition Business Description

Traded in Other Exchanges
N/A
Address
411 Theodore Fremd Avenue, Suite 206S, Rye, NY, USA, 10580
Marblegate Acquisition Corp is a blank check company.
Executives
Jeffrey Kravetz officer: Chief Financial Officer 411 THEODORE FREMD AVENUE, SUITE 206S, RYE NY 10580
Bartels Patrick J Jr director C/O WCI COMMUNITIES, INC., 24301 WALDEN CENTER DRIVE, BONITA SPRINGS FL 34134
Hannah E. Dunn other: Member of a Group Owning 10% ONE MARITIME PLAZA SUITE 2100, SAN FRANCISCO CA 94111
Daniel S. Short other: Member of a Group Owning 10% ONE MARITIME PLAZA SUITE 2100, SAN FRANCISCO CA 94111
Joshua J. Dapice other: Member of a Group Owning 10% ONE MARITIME PLAZA SUITE 2100, SAN FRANCISCO CA 94111
Edric C. Saito other: Member of a Group Owning 10% ONE MARITIME PLAZA SUITE 2100, SAN FRANCISCO CA 94111
Farallon Capital Management Llc other: Member of a Group Owning 10% ONE MARITIME PLAZA, SUITE 2100, SAN FRANCISCO CA 94111
Wingback Investors Llc other: Member of a Group Owning 10% ONE MARITIME PLAZA SUITE 2100, SAN FRANCISCO CA 94111
Varun N Gehani other: Member of a Group Owning 10% ONE MARITIME PLAZA, SUITE 2100, SAN FRANCISCO CA 94111
Grassland Investors, Llc 10 percent owner, other: Member of a Group Owning 10% C/O FARALLON CAPITAL MANAGEMENT, L.L.C., ONE MARITIME PLAZA, SUITE 2100, SAN FRANCISCO CA 94111
Nicolas Giauque other: Member of a Group Owning 10% C/O NOONDAY ASSET MANAGEMENT, LLP, BURDETT HOUSE, 15-16, BUCKINGHAM STREET, LONDON X0 WC2N 6DU
Philip D Dreyfuss other: Member of a Group Owning 10% C/O FARALLON CAPITAL MANAGEMENT, L.L.C., ONE MARITIME PLAZA, SUITE 2100, SAN FRANCISCO CA 94111
Michael B. Fisch other: Member of a Group Owning 10% C/O FARALLON CAPITAL MANAGEMENT, L.L.C., ONE MARITIME PLAZA, SUITE 2100, SAN FRANCISCO CA 94111
William Seybold other: Member of a Group Owning 10% C/O FARALLON CAPITAL MANAGEMENT, L.L.C., ONE MARITIME PLAZA, SUITE 2100, SAN FRANCISCO CA 94111
Mark C Wehrly other: Member of a Group Owning 10% C/O FARALLON CAPITAL MANAGEMENT, L.L.C., ONE MARITIME PLAZA, SUITE 2100, SAN FRANCISCO CA 94111