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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Mustang Bio's Revenue for the three months ended in Dec. 2024 was $0.00 Mil. Mustang Bio's Total Assets for the quarter that ended in Dec. 2024 was $8.25 Mil. Therefore, Mustang Bio's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.
Asset Turnover is linked to ROE % through Du Pont Formula. Mustang Bio's annualized ROE % for the quarter that ended in Dec. 2024 was 60.79%. It is also linked to ROA % through Du Pont Formula. Mustang Bio's annualized ROA % for the quarter that ended in Dec. 2024 was -46.15%.
The historical data trend for Mustang Bio'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.
Mustang Bio Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial |
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Mustang Bio Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Asset Turnover | Get a 7-Day Free Trial |
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For the Biotechnology subindustry, Mustang Bio'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.
For the Biotechnology industry and Healthcare sector, Mustang Bio's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Mustang Bio's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Mustang Bio's Asset Turnover for the fiscal year that ended in Dec. 2024 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Dec. 2024 ) | / | ( (Total Assets (A: Dec. 2023 ) | + | Total Assets (A: Dec. 2024 )) | / count ) |
= | 0 | / | ( (17.742 | + | 9.308) | / 2 ) |
= | 0 | / | 13.525 | |||
= | 0.00 |
Mustang Bio's Asset Turnover for the quarter that ended in Dec. 2024 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Dec. 2024 ) | / | ( (Total Assets (Q: Sep. 2024 ) | + | Total Assets (Q: Dec. 2024 )) | / count ) |
= | 0 | / | ( (7.193 | + | 9.308) | / 2 ) |
= | 0 | / | 8.2505 | |||
= | 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.
Mustang Bio (NAS:MBIO) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Mustang Bio's annulized ROE % for the quarter that ended in Dec. 2024 is
ROE %** | (Q: Dec. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -3.808 | / | -6.2645 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-3.808 / 0) | * | (0 / 8.2505) | * | (8.2505/ -6.2645) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | % | * | 0 | * | -1.317 |
= | ROA % | * | Equity Multiplier | ||
= | -46.15 % | * | -1.317 | ||
= | 60.79 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 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:
Mustang Bio's annulized ROA % for the quarter that ended in Dec. 2024 is
ROA % | (Q: Dec. 2024 ) | ||
= | Net Income | / | Total Assets |
= | -3.808 | / | 8.2505 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-3.808 / 0) | * | (0 / 8.2505) |
= | Net Margin % | * | Asset Turnover |
= | % | * | 0 |
= | -46.15 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 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.
Thank you for viewing the detailed overview of Mustang Bio's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Fortress Biotech, Inc. | 10 percent owner | 1111 KANE CONCOURSE, SUITE 301, BAY HARBOR ISLANDS FL 33154 |
Rosenwald Lindsay A Md | director | 375 PARK AVE, NEW YORK NY 10152 |
Manuel Md Litchman | director, officer: President and CEO | 2 GANSEVOORT STREET, 9TH FLOOR, NEW YORK NY 10017 |
Eliot M Lurier | officer: Interim CFO | C/O TENAX THERAPEUTICS, INC., ONE COPLEY PARKWAY, SUITE 490, MORRISVILLE NC 27560 |
Brian Achenbach | officer: SVP, Fin. & Corp. Controller | 2 GANSEVOORT STREET, 9TH FLOOR, NEW YORK NY 10014 |
Neil Herskowitz | director | 2109 BROADWAY, SUITE 206, NEW YORK NY 10023 |
Adam J. Chill | director | 24 NEW ENGLAND EXECUTIVE PARK, SUITE 105, BURLINGTON MA 01803 |
Michael S Weiss | director | 750 LEXINGTON AVE, NEW YORK NY 10022 |
Michael J Zelefsky | director | |
David J Horin | officer: Interim CFO | 1270 AVENUE OF THE AMERICAS, 16TH FLOOR, NEW YORK NY 10020 |
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