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LIEN (Chicago Atlantic BDC) Asset Turnover : 0.03 (As of Sep. 2024)


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What is Chicago Atlantic BDC Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Chicago Atlantic BDC's Revenue for the three months ended in Sep. 2024 was $2.78 Mil. Chicago Atlantic BDC's Total Assets for the quarter that ended in Sep. 2024 was $89.68 Mil. Therefore, Chicago Atlantic BDC's Asset Turnover for the quarter that ended in Sep. 2024 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. Chicago Atlantic BDC's annualized ROE % for the quarter that ended in Sep. 2024 was -0.79%. It is also linked to ROA % through Du Pont Formula. Chicago Atlantic BDC's annualized ROA % for the quarter that ended in Sep. 2024 was -0.74%.


Chicago Atlantic BDC Asset Turnover Historical Data

The historical data trend for Chicago Atlantic BDC'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.

Chicago Atlantic BDC Asset Turnover Chart

Chicago Atlantic BDC Annual Data
Trend Mar21 Mar22 Dec23
Asset Turnover
- - 0.12

Chicago Atlantic BDC Quarterly Data
Jun21 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 0.02 0.04 0.03 0.03 0.03

Competitive Comparison of Chicago Atlantic BDC's Asset Turnover

For the Asset Management subindustry, Chicago Atlantic BDC'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.


Chicago Atlantic BDC's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Chicago Atlantic BDC's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Chicago Atlantic BDC's Asset Turnover falls into.



Chicago Atlantic BDC Asset Turnover Calculation

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

Chicago Atlantic BDC'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: Mar. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=10.032/( (85.032+88.576)/ 2 )
=10.032/86.804
=0.12

Chicago Atlantic BDC'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 )
=2.779/( (90.077+89.279)/ 2 )
=2.779/89.678
=0.03

* 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.


Chicago Atlantic BDC  (NAS:LIEN) Asset Turnover Explanation

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

Chicago Atlantic BDC's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=-0.66/83.399
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.66 / 11.116)*(11.116 / 89.678)*(89.678/ 83.399)
=Net Margin %*Asset Turnover*Equity Multiplier
=-5.94 %*0.124*1.0753
=ROA %*Equity Multiplier
=-0.74 %*1.0753
=-0.79 %

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:

Chicago Atlantic BDC's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=-0.66/89.678
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.66 / 11.116)*(11.116 / 89.678)
=Net Margin %*Asset Turnover
=-5.94 %*0.124
=-0.74 %

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.


Chicago Atlantic BDC Asset Turnover Related Terms

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Chicago Atlantic BDC Business Description

Traded in Other Exchanges
Address
600 Madison Avenue, Suite 1800, New York, NY, USA, 10022
Chicago Atlantic BDC Inc is a specialty finance company. The company's investment objective is to maximize risk-adjusted returns on equity for its stockholders by investing primarily in direct loans to privately held middle-market companies, with a focus on cannabis companies.
Executives
Umesh Mahajan officer: Chief Financial Officer 600 MADISON AVENUE, SUITE 1800, NEW YORK NY 10022
Scott Gordon director, 10 percent owner, officer: Chief Executive Officer 1114 6TH AVE, 41ST FLOOR, NEW YORK NY 10036
Gregory M. Gentile 10 percent owner, officer: CFO, CCO & Sec. 1114 6TH AVE, 41ST FLOOR, NEW YORK NY 10036
Silver Spike Capital, Llc 10 percent owner 600 MADISON AVE, SUITE 1800, NEW YORK NY 10022
Warson Tracey Brophy director 1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Silver Spike Holdings, Lp 10 percent owner 600 MADISON AVENUE, SUITE 1800, NEW YORK NY 10022
Michael William Chorske director 660 MADISON AVENUE, SUITE 1600, NEW YORK NY 10065
Vivek Bunty Bohra director 660 MADISON AVENUE, SUITE 1600, NEW YORK NY 10065
Silver Spike Holdings Gp, Llc 10 percent owner 660 MADISON AVENUE, SUITE 1600, NEW YORK NY 10065
Da Corte Americo director 660 MADISON AVENUE, SUITE 1600, NEW YORK NY 10065