GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Maquia Capital Acquisition Corp (OTCPK:MAQC) » Definitions » Asset Turnover

MAQC (Maquia Capital Acquisition) Asset Turnover : 0.00 (As of Sep. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Maquia Capital Acquisition Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Maquia Capital Acquisition's Revenue for the three months ended in Sep. 2024 was $0.00 Mil. Maquia Capital Acquisition's Total Assets for the quarter that ended in Sep. 2024 was $6.85 Mil. Therefore, Maquia Capital Acquisition's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Maquia Capital Acquisition's annualized ROE % for the quarter that ended in Sep. 2024 was 3.70%. It is also linked to ROA % through Du Pont Formula. Maquia Capital Acquisition's annualized ROA % for the quarter that ended in Sep. 2024 was -1.40%.


Maquia Capital Acquisition Asset Turnover Historical Data

The historical data trend for Maquia Capital Acquisition'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.

Maquia Capital Acquisition Asset Turnover Chart

Maquia Capital Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Asset Turnover
- - -

Maquia Capital Acquisition Quarterly Data
Jan21 Jun21 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 - - - - -

Competitive Comparison of Maquia Capital Acquisition's Asset Turnover

For the Shell Companies subindustry, Maquia Capital Acquisition'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.


Maquia Capital Acquisition's Asset Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Maquia Capital Acquisition's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Maquia Capital Acquisition's Asset Turnover falls into.



Maquia Capital Acquisition Asset Turnover Calculation

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

Maquia Capital Acquisition'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 )
=0/( (37.913+12.583)/ 2 )
=0/25.248
=0.00

Maquia Capital Acquisition'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/( (11.86+1.835)/ 2 )
=0/6.8475
=0.00

* 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.


Maquia Capital Acquisition  (OTCPK:MAQC) Asset Turnover Explanation

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

Maquia Capital Acquisition's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=-0.096/-2.5955
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.096 / 0)*(0 / 6.8475)*(6.8475/ -2.5955)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*-2.6382
=ROA %*Equity Multiplier
=-1.40 %*-2.6382
=3.70 %

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.

** 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:

Maquia Capital Acquisition's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=-0.096/6.8475
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.096 / 0)*(0 / 6.8475)
=Net Margin %*Asset Turnover
= %*0
=-1.40 %

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.


Maquia Capital Acquisition Asset Turnover Related Terms

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


Maquia Capital Acquisition Business Description

Traded in Other Exchanges
N/A
Address
50 Biscayne Boulevard, Suite 2406, Miami, FL, USA, 33132
Maquia Capital Acquisition Corp is a blank check company.
Executives
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Plc Barclays 10 percent owner 1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Patrick Francis Orlando director 212 E 48TH STREET - PHB, NEW YORK NY 10017
Guillermo Cruz 10 percent owner, officer: Chief Operating Officer 2000 S BAYSHORE DR, UNIT 20, MIAMI FL 33133
Jeffrey Scott Ransdell officer: Chief Executive Officer 2121 NW 2ND AVENUE #205, MIAMI FL 33127
Luis Antonio Maquez-heine director 50 BISCAYNE BOULEVARDS, SUITE 2406, MIAMI FL 33132
Reyes Guillermo Cruz director 50 BISCAYNE BOULEVARDS, SUITE 2406, MIAMI FL 33132
Jeronimo Peralta officer: Chief Financial Officer 50 BISCAYNE BOULEVARDS, SUITE 2406, MIAMI FL 33132
Maggie Vo officer: Chief Investment Officer 50 BISCAYNE BOULEVARDS, SUITE 2406, MIAMI FL 33132
Maquia Investments North America, Llc 10 percent owner, officer: Chief Operating Officer 50 BISCAYNE BOULEVARDS, SUITE 2406, MIAMI FL 33133
Zorilla Velasco Pedro Manuel director 50 BISCAYNE BOULEVARDS, SUITE 2406, MIAMI FL 33132
Luis Armando Alvarez director 50 BISCAYNE BOULEVARDS, SUITE 2406, MIAMI FL 33132

Maquia Capital Acquisition Headlines

From GuruFocus