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LICY (Li-Cycle Holdings) Asset Turnover : 0.01 (As of Sep. 2024)


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What is Li-Cycle Holdings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Li-Cycle Holdings's Revenue for the three months ended in Sep. 2024 was $8.40 Mil. Li-Cycle Holdings's Total Assets for the quarter that ended in Sep. 2024 was $885.25 Mil. Therefore, Li-Cycle Holdings's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Li-Cycle Holdings's annualized ROE % for the quarter that ended in Sep. 2024 was 85.12%. It is also linked to ROA % through Du Pont Formula. Li-Cycle Holdings's annualized ROA % for the quarter that ended in Sep. 2024 was 25.53%.


Li-Cycle Holdings Asset Turnover Historical Data

The historical data trend for Li-Cycle Holdings'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.

Li-Cycle Holdings Asset Turnover Chart

Li-Cycle Holdings Annual Data
Trend Oct19 Oct20 Oct21 Oct22 Dec23
Asset Turnover
- 0.07 0.02 0.02 0.02

Li-Cycle Holdings Quarterly Data
Oct19 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.01 0.01 0.01 0.01

Competitive Comparison of Li-Cycle Holdings's Asset Turnover

For the Waste Management subindustry, Li-Cycle 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.


Li-Cycle Holdings's Asset Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Li-Cycle Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Li-Cycle Holdings's Asset Turnover falls into.



Li-Cycle Holdings Asset Turnover Calculation

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

Li-Cycle Holdings'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: Oct. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=18.3/( (882.3+886)/ 2 )
=18.3/884.15
=0.02

Li-Cycle Holdings'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 )
=8.4/( (899.9+870.6)/ 2 )
=8.4/885.25
=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.


Li-Cycle Holdings  (NYSE:LICY) Asset Turnover Explanation

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

Li-Cycle Holdings's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=226/265.5
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(226 / 33.6)*(33.6 / 885.25)*(885.25/ 265.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=672.62 %*0.038*3.3343
=ROA %*Equity Multiplier
=25.53 %*3.3343
=85.12 %

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:

Li-Cycle Holdings's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=226/885.25
=(Net Income / Revenue)*(Revenue / Total Assets)
=(226 / 33.6)*(33.6 / 885.25)
=Net Margin %*Asset Turnover
=672.62 %*0.038
=25.53 %

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.


Li-Cycle Holdings Asset Turnover Related Terms

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Li-Cycle Holdings Business Description

Traded in Other Exchanges
N/A
Address
207 Queen’s Quay West, Suite 590, Toronto, ON, CAN, M5J 1A7
Li-Cycle Holdings Corp is a lithium-ion battery resource recovery and lithium-ion battery recycler. The company's proprietary process Spoke and Hub recycling process is designed at its Spokes, to process battery manufacturing scrap and end-of-life batteries to produce black mass and other intermediate products, and at its Hubs, to process black mass to recover raw materials, including but not limited to lithium carbonate, cobalt sulphate, and nickel sulphate.