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KITT (Nauticus Robotics) Asset Turnover : 0.01 (As of Sep. 2024)


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What is Nauticus Robotics Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Nauticus Robotics's Revenue for the three months ended in Sep. 2024 was $0.37 Mil. Nauticus Robotics's Total Assets for the quarter that ended in Sep. 2024 was $28.09 Mil. Therefore, Nauticus Robotics's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Nauticus Robotics's annualized ROE % for the quarter that ended in Sep. 2024 was 137.94%. It is also linked to ROA % through Du Pont Formula. Nauticus Robotics's annualized ROA % for the quarter that ended in Sep. 2024 was -161.70%.


Nauticus Robotics Asset Turnover Historical Data

The historical data trend for Nauticus Robotics'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.

Nauticus Robotics Asset Turnover Chart

Nauticus Robotics Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Asset Turnover
0.75 0.56 0.29 0.17

Nauticus Robotics Quarterly Data
Dec20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.03 0.03 0.02 0.02 0.01

Competitive Comparison of Nauticus Robotics's Asset Turnover

For the Aerospace & Defense subindustry, Nauticus Robotics'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.


Nauticus Robotics's Asset Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Nauticus Robotics's Asset Turnover distribution charts can be found below:

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


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Nauticus Robotics Asset Turnover Calculation

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

Nauticus Robotics'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 )
=6.606/( (52.603+26.148)/ 2 )
=6.606/39.3755
=0.17

Nauticus Robotics's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=0.37/( (31.199+24.988)/ 2 )
=0.37/28.0935
=0.01

* 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.


Nauticus Robotics  (NAS:KITT) Asset Turnover Explanation

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

Nauticus Robotics's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=-45.428/-32.933
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-45.428 / 1.48)*(1.48 / 28.0935)*(28.0935/ -32.933)
=Net Margin %*Asset Turnover*Equity Multiplier
=-3069.46 %*0.0527*-0.8531
=ROA %*Equity Multiplier
=-161.70 %*-0.8531
=137.94 %

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

Nauticus Robotics's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=-45.428/28.0935
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-45.428 / 1.48)*(1.48 / 28.0935)
=Net Margin %*Asset Turnover
=-3069.46 %*0.0527
=-161.70 %

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


Nauticus Robotics Asset Turnover Related Terms

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


Nauticus Robotics Business Description

Traded in Other Exchanges
N/A
Address
17146 Feathercraft Lane, Suite 450, Webster, TX, USA, 77598
Nauticus Robotics Inc develops autonomous robots for the ocean industries. The company's business model includes using robotic systems for service, selling vehicles and components, and licensing of related software to both the commercial and defense business sectors. Nauticus' services provide customers with the necessary data collection, analytics, and subsea manipulation capabilities to support and maintain assets while reducing their operational footprint, operating cost, and greenhouse gas emissions, to improve offshore health, safety, and environmental exposure.
Executives
Gibson John W Jr director, officer: President 10603 W. SAM HOUSTON PKWY N., SUITE 300, HOUSTON TX 77064
William Flores director 25 BEACON HILL, SUGAR LAND TX 77479
Nicolaus Radford director, officer: Chief Executive Officer C/O NAUTICUS ROBOTICS, INC., 17146 FEATHER CRAFT LN #450, WEBSTER TX 77598
Donnelly A. Bohan officer: Chief Operating Officer C/O NAUTICUS ROBOTICS, INC., 17146 FEATHER CRAFT LN #450, WEBSTER TX 77598
John Yamokoski officer: Chief Technology Officer C/O NAUTICUS ROBOTICS, INC., 17146 FEATHER CRAFT LN #450, WEBSTER TX 77598
Nicholas J. Bigney officer: General Counsel 15710 ELKINS CREEK COURT, HOUSTON TX 77044
Lisa J. Porter director C/O NAUTICUS ROBOTICS, INC., 17146 FEATHER CRAFT LN #450, WEBSTER TX 77598
Transocean Inc 10 percent owner 4 GREENWAY PLAZA, HOUSTON TX 77046
Tommy W Matura officer: Vice President of Accounting 101 COURAGEOUS DRIVE, LEAGUE CITY TX 77573
Transocean Ltd. 10 percent owner TURMSTRASSE 30, STEINHAUSEN V8 6312
Dilshad Kasmani officer: Chief LAO C/O NAUTICUS ROBOTICS, INC., 17146 FEATHER CRAFT LN #450, WEBSTER TX 77598
B.v. Schlumberger 10 percent owner 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Schlumberger Holdings Corp 10 percent owner 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Schlumberger Technology Corp 10 percent owner 300 SCHLUMBERGER DRIVE, MD 23, SUGAR LAND TX 77478
Limited/nv Schlumberger 10 percent owner 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056