MDAI (Spectral AI) Asset Turnover: 0.20 (As of Mar. 2026)

What is Spectral AI Asset Turnover?

Spectral AI MDAI -0.58% 6 Asset Turnover is 0.20 as of Mar. 2026. GuruFocus rates MDAI with a GF Score™ of 6/100 and a GF Value™ of $0.91 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Spectral AI's Revenue for the three months ended in Mar. 2026 was $3.99 Mil. Spectral AI's Total Assets for the quarter that ended in Mar. 2026 was $19.57 Mil. Therefore, Spectral AI's Asset Turnover for the quarter that ended in Mar. 2026 was 0.20.

Asset Turnover is linked to ROE % through Du Pont Formula. Spectral AI's annualized ROE % for the quarter that ended in Mar. 2026 was 187.77%. It is also linked to ROA % through Du Pont Formula. Spectral AI's annualized ROA % for the quarter that ended in Mar. 2026 was -69.74%.

Spectral AI (NAS:MDAI) Asset Turnover Explanation

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

Spectral AI's annulized ROE % for the quarter that ended in Mar. 2026 is

	ROE %^**		(Q: Mar. 2026 )
=	Net Income	/	Total Stockholders Equity
=	-13.648	/	-7.2685
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-13.648 / 15.964)	*	(15.964 / 19.5695)	*	(19.5695/ -7.2685)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-85.49 %	*	0.8158	*	-2.6924
=	ROA %	*	Equity Multiplier
=	-69.74 %	*	-2.6924
=	187.77 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) 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:

Spectral AI's annulized ROA % for the quarter that ended in Mar. 2026 is

	ROA %		(Q: Mar. 2026 )
=	Net Income	/	Total Assets
=	-13.648	/	19.5695
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-13.648 / 15.964)	*	(15.964 / 19.5695)
=	Net Margin %	*	Asset Turnover
=	-85.49 %	*	0.8158
=	-69.74 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.

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.

Spectral AI Asset Turnover Related Terms

Spectral AI Asset Turnover Historical Data

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The historical data trend for Spectral AI's Asset Turnover can be seen below:

Spectral AI Asset Turnover Chart

Spectral AI Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Dec25

Asset Turnover

0.82

1.36

1.23

2.60

1.17

Spectral AI Quarterly Data
	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Asset Turnover	Get a 7-Day Free Trial												0.41	0.28	0.24	0.22	0.20

MDAI vs LUNG, QTI, COCH: Asset Turnover Comparison

For the Medical Devices subindustry, Spectral AI'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.

Spectral AI Asset Turnover vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Spectral AI's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Spectral AI's Asset Turnover falls into.

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Spectral AI Asset Turnover Calculation

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

Spectral AI's Asset Turnover for the fiscal year that ended in Dec. 2025 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Dec. 2025 )	/	( (Total Assets (A: Dec. 2024 )	+	Total Assets (A: Dec. 2025 ))	/ count )
=	19.65	/	( (12.095	+	21.405)	/ 2 )
=	19.65	/	16.75
=	1.17

Spectral AI's Asset Turnover for the quarter that ended in Mar. 2026 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Mar. 2026 )	/	( (Total Assets (Q: Dec. 2025 )	+	Total Assets (Q: Mar. 2026 ))	/ count )
=	3.991	/	( (21.405	+	17.734)	/ 2 )
=	3.991	/	19.5695
=	0.20

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.

Frequently Asked Questions Learn more about Asset Turnover →

What does a Asset Turnover of 0.20 mean?

Spectral AI (MDAI) has a Asset Turnover of 0.20 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Spectral AI and its competitors.

Is Spectral AI's Asset Turnover too high?

Spectral AI's current Asset Turnover is 0.20. Overall, Spectral AI has a GF Score™ of 6/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Spectral AI's Asset Turnover compare to LUNG and QTI?

Spectral AI's Asset Turnover of 0.20 can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Asset Turnover for a Medical Devices & Instruments company?

A good Asset Turnover depends on the Medical Devices & Instruments industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Asset Turnover mean?

A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Spectral AI and its competitors. Spectral AI's current Asset Turnover is 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Spectral AI stock overvalued right now?

Based on GuruFocus' analysis, Spectral AI (MDAI) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.91, compared to a current price of $1.72 — trading 89% above its estimated fair value. The current Asset Turnover is 0.20. Spectral AI's overall GF Score™ is 6/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Asset Turnover calculated?

Asset Turnover is calculated from a company's financial statements. For Spectral AI (MDAI), the current Asset Turnover is 0.20 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Spectral AI (MDAI) Overvalued in 2026?

Based on GuruFocus' analysis, Spectral AI stock appears to be overvalued. The current stock price of $1.72 is trading 89% above its estimated GF Value™ of $0.91. GuruFocus considers Spectral AI to be Significantly Overvalued.

Key valuation signals for MDAI:

Asset Turnover: 0.20
GF Value™: $0.91 vs. price of $1.72 (89% above fair value)
GF Score™: 6/100 with 4 warning signs

No single metric tells the full story. See the MDAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Spectral AI Business Description

Industry Healthcare Medical Devices & Instruments

Comparable Companies LUNG QTI COCH SRTS XTNT POSC NSYS ECOR ELUT MYO ABT SYK MDT BSX EW XTER:SHL GEHC DXCM XAMS:PHIA SZSE:300760

Address 2515 McKinney Avenue, Suite 1000, Dallas, TX, USA, 75201

Website https://www.spectral-ai.com

Spectral AI Inc is an AI company focused on predictive medical diagnostics. Its DeepView System uses proprietary AI algorithms to distinguish between fully damaged, partially damaged and healthy human tissue characters invisible to the naked eye, at the initial time point of wound presentation. The DeepView System delivers a binary prediction on the wound's capacity to heal or not-heal by a specified time point in the future. The company focuses on the burn indication which is supported by the BARDA PBS contract.

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$1.72

Price

$0.91

GF Value

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