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ITEX (ITEX) Asset Turnover : 0.73 (As of Jul. 2024)


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What is ITEX Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. ITEX's Revenue for the six months ended in Jul. 2024 was $6.13 Mil. ITEX's Total Assets for the quarter that ended in Jul. 2024 was $8.42 Mil. Therefore, ITEX's Asset Turnover for the quarter that ended in Jul. 2024 was 0.73.

Asset Turnover is linked to ROE % through Du Pont Formula. ITEX's annualized ROE % for the quarter that ended in Jul. 2024 was 18.43%. It is also linked to ROA % through Du Pont Formula. ITEX's annualized ROA % for the quarter that ended in Jul. 2024 was 16.57%.


ITEX Asset Turnover Historical Data

The historical data trend for ITEX'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.

ITEX Asset Turnover Chart

ITEX Annual Data
Trend Jul10 Jul11 Jul12 Jul13 Jul14 Jul15 Jul16 Jul22 Jul23 Jul24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.00 1.13 0.75 0.74 0.73

ITEX Semi-Annual Data
Jul00 Jul01 Jul02 Jul03 Jul04 Jul05 Jul06 Jul07 Jul08 Jul09 Jul10 Jul11 Jul12 Jul13 Jul14 Jul15 Jul16 Jul22 Jul23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.00 1.13 0.75 0.74 0.73

Competitive Comparison of ITEX's Asset Turnover

For the Capital Markets subindustry, ITEX'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.


ITEX's Asset Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, ITEX's Asset Turnover distribution charts can be found below:

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



ITEX Asset Turnover Calculation

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

ITEX's Asset Turnover for the fiscal year that ended in Jul. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jul. 2024 )/( (Total Assets (A: Jul. 2023 )+Total Assets (A: Jul. 2024 ))/ count )
=6.126/( (9.048+7.782)/ 2 )
=6.126/8.415
=0.73

ITEX'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: Jul. 2023 )+Total Assets (Q: Jul. 2024 ))/ count )
=6.126/( (9.048+7.782)/ 2 )
=6.126/8.415
=0.73

* 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.


ITEX  (OTCPK:ITEX) Asset Turnover Explanation

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

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

ROE %**(Q: Jul. 2024 )
=Net Income/Total Stockholders Equity
=1.394/7.5635
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1.394 / 12.252)*(12.252 / 8.415)*(8.415/ 7.5635)
=Net Margin %*Asset Turnover*Equity Multiplier
=11.38 %*1.456*1.1126
=ROA %*Equity Multiplier
=16.57 %*1.1126
=18.43 %

Note: The Net Income data used here is two times the semi-annual (Jul. 2024) net income data. The Revenue data used here is two times the semi-annual (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:

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

ROA %(Q: Jul. 2024 )
=Net Income/Total Assets
=1.394/8.415
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1.394 / 12.252)*(12.252 / 8.415)
=Net Margin %*Asset Turnover
=11.38 %*1.456
=16.57 %

Note: The Net Income data used here is two times the semi-annual (Jul. 2024) net income data. The Revenue data used here is two times the semi-annual (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.


ITEX Asset Turnover Related Terms

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


ITEX Business Description

Traded in Other Exchanges
N/A
Address
13555 South East 36th Street, Suite 210, Bellevue, WA, USA, 98006
ITEX Corp operates a marketplace in which products and services are exchanged by marketplace members utilizing virtual currency. Its Marketplace provides a forum for members to purchase from and sell their products and services to other members using ITEX dollars instead of the United States dollars and Canadian dollars (USD or cash). It administers the marketplace and provides record-keeping and payment transaction processing services for its members. It generates revenue by charging members percentage-based transaction fees, association fees, and other fees assessed in United States dollars and Canadian dollars.
Executives
Lion Fund, L.p. 10 percent owner 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Biglari Capital Corp. 10 percent owner, other: See Explanation of Responses 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Kevin H Callan director 3326 160TH AVE. SE, STE. 100, BELLEVUE WA 98008
Timothy R Morones director 3326 160TH AVE SE STE 100, BELLEVUE WA 98008
Sardar Biglari, 10 percent owner, other: See Explanation of Responses C/O BIGLARI HOLDINGS INC., 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Biglari Holdings Inc. 10 percent owner, other: See Explanation of Responses 17802 IH 10 WEST, SUITE 400, SAN ANTONIO TX 78257
Western Sizzlin Corp 10 percent owner, other: See Explanation of Responses 317 KIMBALL AVENUE NW, ROANOKE VA 24016
G. Andrew Cooke 10 percent owner 3110 9TH ROAD N. APT. B, ARLINGTON VA 22201
David Polonitza 10 percent owner 54B SANDRA CIRCLE, APT B1, WESTFIELD NJ 07090
Pagidipati Family Limited Partnership 10 percent owner 2955 SE 3RD COURT, OCALA FL 34471
Corner Market Capital Corp 10 percent owner BOX 36, #1620 - 1140 WEST PENDER STREET, VANCOUVER A1 V6E-4G1
Sanjeev Parsad 10 percent owner 21-355 DUTHIE AVENUE, BURNABY A1 V5A-2P3
Alnesh Mohan 10 percent owner 702-583 BEACH CRESCENT, VANCOUVER A1 V6Z-3E6
Corner Market Capital U.s., Inc. 10 percent owner BOX 36, #1620 - 1140 WEST PENDER STREET, VANCOUVER A1 V6E-4G1
Mpic Fund I Lp 10 percent owner 1199 WEST PENDER STREET, SUITE 680, VANCOUVER A1 V6E 2R1

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