IGEN (iGen Networks) Asset Turnover: 1.43 (As of Sep. 2023)


What is iGen Networks Asset Turnover?

iGen Networks IGEN -99.00% Asset Turnover is 1.43 as of Sep. 2023.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. iGen Networks's Revenue for the three months ended in Sep. 2023 was $0.05 Mil. iGen Networks's Total Assets for the quarter that ended in Sep. 2023 was $0.03 Mil. Therefore, iGen Networks's Asset Turnover for the quarter that ended in Sep. 2023 was 1.43.

Asset Turnover is linked to ROE % through Du Pont Formula. iGen Networks's annualized ROE % for the quarter that ended in Sep. 2023 was 51.43%. It is also linked to ROA % through Du Pont Formula. iGen Networks's annualized ROA % for the quarter that ended in Sep. 2023 was -2,125.37%.

iGen Networks  (OTCPK:IGEN) Asset Turnover Explanation

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

iGen Networks's annulized ROE % for the quarter that ended in Sep. 2023 is

ROE %**(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=-0.712/-1.3845
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.712 / 0.192)*(0.192 / 0.0335)*(0.0335/ -1.3845)
=Net Margin %*Asset Turnover*Equity Multiplier
=-370.83 %*5.7313*-0.0242
=ROA %*Equity Multiplier
=-2,125.37 %*-0.0242
=51.43 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 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:

iGen Networks's annulized ROA % for the quarter that ended in Sep. 2023 is

ROA %(Q: Sep. 2023 )
=Net Income/Total Assets
=-0.712/0.0335
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.712 / 0.192)*(0.192 / 0.0335)
=Net Margin %*Asset Turnover
=-370.83 %*5.7313
=-2,125.37 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 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.

iGen Networks Asset Turnover Related Terms

iGen Networks Asset Turnover Historical Data

* Premium members only.

The historical data trend for iGen Networks'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.

iGen Networks Asset Turnover Chart

iGen Networks Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.86 1.22 0.66 0.40 0.46

iGen Networks Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 Premium Member Only Premium Member Only Premium Member Only 0.17 0.07 0.08 0.12 1.43

IGEN vs TWOHD, ABQQ, XNDA: Asset Turnover Comparison

For the Software - Application subindustry, iGen Networks'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.

iGen Networks Asset Turnover vs Software Industry

For the Software industry and Technology sector, iGen Networks's Asset Turnover distribution charts can be found below:

* The bar in red indicates where iGen Networks's Asset Turnover falls into.


iGen Networks Asset Turnover Calculation

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

iGen Networks's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=0.318/( (0.762+0.616)/ 2 )
=0.318/0.689
=0.46

iGen Networks's Asset Turnover for the quarter that ended in Sep. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=0.048/( (0.034+0.033)/ 2 )
=0.048/0.0335
=1.43

* 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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 1.43 mean?
iGen Networks (IGEN) has a Asset Turnover of 1.43 as of Sep. 2023. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on iGen Networks and its competitors.
Is iGen Networks' Asset Turnover too high?
iGen Networks' current Asset Turnover is 1.43.
How does iGen Networks' Asset Turnover compare to TWOHD and ABQQ?
iGen Networks' Asset Turnover of 1.43 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Software company?
A good Asset Turnover depends on the Software industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on iGen Networks and its competitors. iGen Networks's current Asset Turnover is 1.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is iGen Networks stock overvalued right now?
iGen Networks (IGEN) has a current Asset Turnover of 1.43. The current Asset Turnover is 1.43. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For iGen Networks (IGEN), the current Asset Turnover is 1.43 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

iGen Networks Business Description

Address 31772 Casino Drive, Suite C, Lake Elsinore, CA, USA, 92530
iGen Networks Corp is engaged in the development and marketing of software services for the automotive industry. It has one reportable segment being Vehicle Tracking and Recovery Solutions. The company works with wireless carriers, hardware suppliers and software developers to provide direct and secure access to information on the vehicle and the driver's behavior. The software services are delivered from the AWS Cloud to the consumer and their families over the wireless networks and accessed from any mobile or desktop device. The software services are marketed to automotive dealers, financial institutions, and direct-to-consumer through various commercial and consumer brands. The company's brands include Nimbo Tracking, CU Trak, and Medallion GPS PRO.