IGOT (Fomo Worldwide) Asset Turnover: 0.15 (As of Mar. 2024)


What is Fomo Worldwide Asset Turnover?

Fomo Worldwide IGOT Asset Turnover is 0.15 as of Mar. 2024.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Fomo Worldwide's Revenue for the three months ended in Mar. 2024 was $0.16 Mil. Fomo Worldwide's Total Assets for the quarter that ended in Mar. 2024 was $1.02 Mil. Therefore, Fomo Worldwide's Asset Turnover for the quarter that ended in Mar. 2024 was 0.15.

Asset Turnover is linked to ROE % through Du Pont Formula. Fomo Worldwide's annualized ROE % for the quarter that ended in Mar. 2024 was 45.71%. It is also linked to ROA % through Du Pont Formula. Fomo Worldwide's annualized ROA % for the quarter that ended in Mar. 2024 was -148.09%.

Fomo Worldwide  (OTCPK:IGOT) Asset Turnover Explanation

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

Fomo Worldwide's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-1.512/-3.308
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1.512 / 0.624)*(0.624 / 1.021)*(1.021/ -3.308)
=Net Margin %*Asset Turnover*Equity Multiplier
=-242.31 %*0.6112*-0.3086
=ROA %*Equity Multiplier
=-148.09 %*-0.3086
=45.71 %

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

Fomo Worldwide's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-1.512/1.021
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.512 / 0.624)*(0.624 / 1.021)
=Net Margin %*Asset Turnover
=-242.31 %*0.6112
=-148.09 %

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

Fomo Worldwide Asset Turnover Related Terms

Fomo Worldwide Asset Turnover Historical Data

* Premium members only.

The historical data trend for Fomo Worldwide'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.

Fomo Worldwide Asset Turnover Chart

Fomo Worldwide Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.15 0.67 3.31 1.05

Fomo Worldwide Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.31 0.23 0.24 0.15

IGOT vs TNRG, BLK, BX: Asset Turnover Comparison

For the Asset Management subindustry, Fomo Worldwide'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.

Fomo Worldwide Asset Turnover vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Fomo Worldwide's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Fomo Worldwide's Asset Turnover falls into.


Fomo Worldwide Asset Turnover Calculation

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

Fomo Worldwide'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 )
=2.499/( (3.584+1.178)/ 2 )
=2.499/2.381
=1.05

Fomo Worldwide's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=0.156/( (1.178+0.864)/ 2 )
=0.156/1.021
=0.15

* 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 0.15 mean?
Fomo Worldwide (IGOT) has a Asset Turnover of 0.15 as of Mar. 2024. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Fomo Worldwide and its competitors.
Is Fomo Worldwide's Asset Turnover too high?
Fomo Worldwide's current Asset Turnover is 0.15.
How does Fomo Worldwide's Asset Turnover compare to TNRG and BLK?
Fomo Worldwide's Asset Turnover of 0.15 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Asset Turnover depends on the Asset Management 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 Fomo Worldwide and its competitors. Fomo Worldwide's current Asset Turnover is 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fomo Worldwide stock overvalued right now?
Fomo Worldwide (IGOT) has a current Asset Turnover of 0.15. The current Asset Turnover is 0.15. 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 Fomo Worldwide (IGOT), the current Asset Turnover is 0.15 as of Mar. 2024. 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.

Fomo Worldwide Business Description

Address 625 Stanwix Street, Suite 2504, Pittsburgh, PA, USA, 15222
Fomo Worldwide Inc is focused on business incubation and acceleration. It invests in and advises emerging companies. The company is developing direct investment and affiliations, the majority- and minority-owned, as well as in joint venture formats that afford emerging companies access to the public markets for expansion capital as well as spin-out options to become their own stand-alone public companies.