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InNexus Biotechnology (InNexus Biotechnology) Asset Turnover : 0.00 (As of Mar. 2011)


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What is InNexus Biotechnology Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. InNexus Biotechnology's Revenue for the three months ended in Mar. 2011 was $0.00 Mil. InNexus Biotechnology's Total Assets for the quarter that ended in Mar. 2011 was $3.28 Mil. Therefore, InNexus Biotechnology's Asset Turnover for the quarter that ended in Mar. 2011 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. InNexus Biotechnology's annualized ROE % for the quarter that ended in Mar. 2011 was 36.53%. It is also linked to ROA % through Du Pont Formula. InNexus Biotechnology's annualized ROA % for the quarter that ended in Mar. 2011 was -69.50%.


InNexus Biotechnology Asset Turnover Historical Data

The historical data trend for InNexus Biotechnology'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.

InNexus Biotechnology Asset Turnover Chart

InNexus Biotechnology Annual Data
Trend Jun01 Jun02 Jun03 Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10
Asset Turnover
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InNexus Biotechnology Quarterly Data
Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11
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 - - - - -

Competitive Comparison of InNexus Biotechnology's Asset Turnover

For the Biotechnology subindustry, InNexus Biotechnology'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.


InNexus Biotechnology's Asset Turnover Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, InNexus Biotechnology's Asset Turnover distribution charts can be found below:

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



InNexus Biotechnology Asset Turnover Calculation

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

InNexus Biotechnology's Asset Turnover for the fiscal year that ended in Jun. 2010 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2010 )/( (Total Assets (A: Jun. 2009 )+Total Assets (A: Jun. 2010 ))/ count )
=0/( (4.158+3.312)/ 2 )
=0/3.735
=0.00

InNexus Biotechnology's Asset Turnover for the quarter that ended in Mar. 2011 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2011 )/( (Total Assets (Q: Dec. 2010 )+Total Assets (Q: Mar. 2011 ))/ count )
=0/( (3.313+3.237)/ 2 )
=0/3.275
=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.


InNexus Biotechnology  (GREY:IXSBF) Asset Turnover Explanation

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

InNexus Biotechnology's annulized ROE % for the quarter that ended in Mar. 2011 is

ROE %**(Q: Mar. 2011 )
=Net Income/Total Stockholders Equity
=-2.276/-6.231
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-2.276 / 0)*(0 / 3.275)*(3.275/ -6.231)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*-0.5256
=ROA %*Equity Multiplier
=-69.50 %*-0.5256
=36.53 %

Note: The Net Income data used here is four times the quarterly (Mar. 2011) net income data. The Revenue data used here is four times the quarterly (Mar. 2011) 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:

InNexus Biotechnology's annulized ROA % for the quarter that ended in Mar. 2011 is

ROA %(Q: Mar. 2011 )
=Net Income/Total Assets
=-2.276/3.275
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-2.276 / 0)*(0 / 3.275)
=Net Margin %*Asset Turnover
= %*0
=-69.50 %

Note: The Net Income data used here is four times the quarterly (Mar. 2011) net income data. The Revenue data used here is four times the quarterly (Mar. 2011) 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.


InNexus Biotechnology Asset Turnover Related Terms

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InNexus Biotechnology (InNexus Biotechnology) Business Description

Traded in Other Exchanges
N/A
Address
1055 West Georgia Street, 1500 Royal Centre, Vancouver, BC, CAN, V6E 4N7
InNexus Biotechnology Inc is engaged in commercializing the next generation of monoclonal antibodies based on its DXL technology, which improves the potency of existing antibody products while opening new markets and disease applications.

InNexus Biotechnology (InNexus Biotechnology) Headlines

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