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LOT (Lotus Technology) Asset Turnover : 0.10 (As of Sep. 2024)


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What is Lotus Technology Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Lotus Technology's Revenue for the three months ended in Sep. 2024 was $255 Mil. Lotus Technology's Total Assets for the quarter that ended in Sep. 2024 was $2,547 Mil. Therefore, Lotus Technology's Asset Turnover for the quarter that ended in Sep. 2024 was 0.10.

Asset Turnover is linked to ROE % through Du Pont Formula. Lotus Technology's annualized ROE % for the quarter that ended in Sep. 2024 was 305.57%. It is also linked to ROA % through Du Pont Formula. Lotus Technology's annualized ROA % for the quarter that ended in Sep. 2024 was -32.32%.


Lotus Technology Asset Turnover Historical Data

The historical data trend for Lotus Technology'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.

Lotus Technology Asset Turnover Chart

Lotus Technology Annual Data
Trend Dec21 Dec22 Dec23
Asset Turnover
- 0.01 0.46

Lotus Technology Quarterly Data
Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.12 0.23 0.08 0.09 0.10

Competitive Comparison of Lotus Technology's Asset Turnover

For the Auto Manufacturers subindustry, Lotus Technology'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.


Lotus Technology's Asset Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Lotus Technology's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Lotus Technology's Asset Turnover falls into.



Lotus Technology Asset Turnover Calculation

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

Lotus Technology'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 )
=679.008/( (1371.952+1584.678)/ 2 )
=679.008/1478.315
=0.46

Lotus Technology'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 )
=254.708/( (2506.254+2587.224)/ 2 )
=254.708/2546.739
=0.10

* 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.


Lotus Technology  (NAS:LOT) Asset Turnover Explanation

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

Lotus Technology's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=-823.196/-269.394
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-823.196 / 1018.832)*(1018.832 / 2546.739)*(2546.739/ -269.394)
=Net Margin %*Asset Turnover*Equity Multiplier
=-80.8 %*0.4001*-9.4536
=ROA %*Equity Multiplier
=-32.32 %*-9.4536
=305.57 %

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:

Lotus Technology's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=-823.196/2546.739
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-823.196 / 1018.832)*(1018.832 / 2546.739)
=Net Margin %*Asset Turnover
=-80.8 %*0.4001
=-32.32 %

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.


Lotus Technology Asset Turnover Related Terms

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Lotus Technology Business Description

Comparable Companies
Traded in Other Exchanges
Address
No. 800 Century Avenue, Pudong District, Shanghai, CHN, 200120
Lotus Technology Inc is a battery electric vehicle (BEV) maker that designs, develops, and sells BEV lifestyle vehicles under the Lotus brand. The Group is also a distributor that sells luxury sports cars under the Lotus brand. It also provides other sales and ancillary services to customers.