KIARF (Kiaro Holdings) Asset Turnover: 0.34 (As of Oct. 2022)

What is Kiaro Holdings Asset Turnover?

Kiaro Holdings KIARF Asset Turnover is 0.34 as of Oct. 2022.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Kiaro Holdings's Revenue for the three months ended in Oct. 2022 was $4.20 Mil. Kiaro Holdings's Total Assets for the quarter that ended in Oct. 2022 was $12.18 Mil. Therefore, Kiaro Holdings's Asset Turnover for the quarter that ended in Oct. 2022 was 0.34.

Asset Turnover is linked to ROE % through Du Pont Formula. Kiaro Holdings's annualized ROE % for the quarter that ended in Oct. 2022 was -1,711.02%. It is also linked to ROA % through Du Pont Formula. Kiaro Holdings's annualized ROA % for the quarter that ended in Oct. 2022 was -154.88%.

Kiaro Holdings (OTCPK:KIARF) Asset Turnover Explanation

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

Kiaro Holdings's annulized ROE % for the quarter that ended in Oct. 2022 is

	ROE %^**		(Q: Oct. 2022 )
=	Net Income	/	Total Stockholders Equity
=	-18.864	/	1.1025
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-18.864 / 16.784)	*	(16.784 / 12.18)	*	(12.18/ 1.1025)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-112.39 %	*	1.378	*	11.0476
=	ROA %	*	Equity Multiplier
=	-154.88 %	*	11.0476
=	-1,711.02 %

Note: The Net Income data used here is four times the quarterly (Oct. 2022) net income data. The Revenue data used here is four times the quarterly (Oct. 2022) 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:

Kiaro Holdings's annulized ROA % for the quarter that ended in Oct. 2022 is

	ROA %		(Q: Oct. 2022 )
=	Net Income	/	Total Assets
=	-18.864	/	12.18
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-18.864 / 16.784)	*	(16.784 / 12.18)
=	Net Margin %	*	Asset Turnover
=	-112.39 %	*	1.378
=	-154.88 %

Note: The Net Income data used here is four times the quarterly (Oct. 2022) net income data. The Revenue data used here is four times the quarterly (Oct. 2022) revenue data.

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.

Kiaro Holdings Asset Turnover Related Terms

Kiaro Holdings Asset Turnover Historical Data

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The historical data trend for Kiaro Holdings's Asset Turnover can be seen below:

Kiaro Holdings Asset Turnover Chart

Kiaro Holdings Annual Data

Trend

Jan21

Jan22

Asset Turnover

1.77

1.78

Kiaro Holdings Quarterly Data
	Jul19	Oct19	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22
Asset Turnover	Get a 7-Day Free Trial								0.25	0.55	0.45	0.53	0.34

KIARF vs WBA: Asset Turnover Comparison

For the Pharmaceutical Retailers subindustry, Kiaro Holdings'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.

Kiaro Holdings Asset Turnover vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Kiaro Holdings's Asset Turnover distribution charts can be found below:

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

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Kiaro Holdings Asset Turnover Calculation

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

Kiaro Holdings's Asset Turnover for the fiscal year that ended in Jan. 2022 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Jan. 2022 )	/	( (Total Assets (A: Jan. 2021 )	+	Total Assets (A: Jan. 2022 ))	/ count )
=	21.314	/	( (7.595	+	16.395)	/ 2 )
=	21.314	/	11.995
=	1.78

Kiaro Holdings's Asset Turnover for the quarter that ended in Oct. 2022 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Oct. 2022 )	/	( (Total Assets (Q: Jul. 2022 )	+	Total Assets (Q: Oct. 2022 ))	/ count )
=	4.196	/	( (14.725	+	9.635)	/ 2 )
=	4.196	/	12.18
=	0.34

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 0.34 mean?

Kiaro Holdings (KIARF) has a Asset Turnover of 0.34 as of Oct. 2022. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Kiaro Holdings and its competitors.

Is Kiaro Holdings' Asset Turnover too high?

Kiaro Holdings' current Asset Turnover is 0.34.

How does Kiaro Holdings' Asset Turnover compare to WBA?

Kiaro Holdings' Asset Turnover of 0.34 can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?

A good Asset Turnover depends on the Healthcare Providers & Services 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 Kiaro Holdings and its competitors. Kiaro Holdings's current Asset Turnover is 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Kiaro Holdings stock overvalued right now?

Kiaro Holdings (KIARF) has a current Asset Turnover of 0.34. The current Asset Turnover is 0.34. 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 Kiaro Holdings (KIARF), the current Asset Turnover is 0.34 as of Oct. 2022. 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.

Kiaro Holdings Business Description

Industry Healthcare Healthcare Providers & Services

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Address 300 - 110 E Cordova Street, Vancouver, BC, CAN, V6A 1K9

Website https://www.kiaro.com

Kiaro Holdings Corp is engaged in the cannabis business. The company's operating segments are wholesale cannabis business and retail cannabis stores. It generates a majority of its revenue from the retail cannabis business segment.