MEDD (Medical Imaging) Asset Turnover: 0.43 (As of Sep. 2018)

What is Medical Imaging Asset Turnover?

Medical Imaging MEDD Asset Turnover is 0.43 as of Sep. 2018.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Medical Imaging's Revenue for the three months ended in Sep. 2018 was $1.39 Mil. Medical Imaging's Total Assets for the quarter that ended in Sep. 2018 was $3.26 Mil. Therefore, Medical Imaging's Asset Turnover for the quarter that ended in Sep. 2018 was 0.43.

Asset Turnover is linked to ROE % through Du Pont Formula. Medical Imaging's annualized ROE % for the quarter that ended in Sep. 2018 was 19.17%. It is also linked to ROA % through Du Pont Formula. Medical Imaging's annualized ROA % for the quarter that ended in Sep. 2018 was -40.68%.

Medical Imaging (OTCPK:MEDD) Asset Turnover Explanation

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

Medical Imaging's annulized ROE % for the quarter that ended in Sep. 2018 is

	ROE %^**		(Q: Sep. 2018 )
=	Net Income	/	Total Stockholders Equity
=	-1.324	/	-6.906
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-1.324 / 5.54)	*	(5.54 / 3.255)	*	(3.255/ -6.906)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-23.9 %	*	1.702	*	-0.4713
=	ROA %	*	Equity Multiplier
=	-40.68 %	*	-0.4713
=	19.17 %

Note: The Net Income data used here is four times the quarterly (Sep. 2018) net income data. The Revenue data used here is four times the quarterly (Sep. 2018) 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:

Medical Imaging's annulized ROA % for the quarter that ended in Sep. 2018 is

	ROA %		(Q: Sep. 2018 )
=	Net Income	/	Total Assets
=	-1.324	/	3.255
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-1.324 / 5.54)	*	(5.54 / 3.255)
=	Net Margin %	*	Asset Turnover
=	-23.9 %	*	1.702
=	-40.68 %

Note: The Net Income data used here is four times the quarterly (Sep. 2018) net income data. The Revenue data used here is four times the quarterly (Sep. 2018) 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.

Medical Imaging Asset Turnover Related Terms

Medical Imaging Asset Turnover Historical Data

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The historical data trend for Medical Imaging's Asset Turnover can be seen below:

Medical Imaging Asset Turnover Chart

Medical Imaging Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Asset Turnover

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1.60

1.21

1.24

1.33

1.52

Medical Imaging Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Asset Turnover	Get a 7-Day Free Trial															0.28	0.76	0.49	0.38	0.43

MEDD vs TEAR, INVB, DCTH: Asset Turnover Comparison

For the Diagnostics & Research subindustry, Medical Imaging'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.

Medical Imaging Asset Turnover vs Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Medical Imaging's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Medical Imaging's Asset Turnover falls into.

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Medical Imaging Asset Turnover Calculation

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

Medical Imaging's Asset Turnover for the fiscal year that ended in Dec. 2017 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Dec. 2017 )	/	( (Total Assets (A: Dec. 2016 )	+	Total Assets (A: Dec. 2017 ))	/ count )
=	7.224	/	( (5.332	+	4.192)	/ 2 )
=	7.224	/	4.762
=	1.52

Medical Imaging's Asset Turnover for the quarter that ended in Sep. 2018 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Sep. 2018 )	/	( (Total Assets (Q: Jun. 2018 )	+	Total Assets (Q: Sep. 2018 ))	/ count )
=	1.385	/	( (3.222	+	3.288)	/ 2 )
=	1.385	/	3.255
=	0.43

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 0.43 mean?

Medical Imaging (MEDD) has a Asset Turnover of 0.43 as of Sep. 2018. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Medical Imaging and its competitors.

Is Medical Imaging's Asset Turnover too high?

Medical Imaging's current Asset Turnover is 0.43.

How does Medical Imaging's Asset Turnover compare to TEAR and INVB?

Medical Imaging's Asset Turnover of 0.43 can be compared against companies in the Medical Diagnostics & Research 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 Diagnostics & Research company?

A good Asset Turnover depends on the Medical Diagnostics & Research 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 Medical Imaging and its competitors. Medical Imaging's current Asset Turnover is 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Medical Imaging stock overvalued right now?

Medical Imaging (MEDD) has a current Asset Turnover of 0.43. The current Asset Turnover is 0.43. 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 Medical Imaging (MEDD), the current Asset Turnover is 0.43 as of Sep. 2018. 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.

Medical Imaging Business Description

Industry Healthcare Medical Diagnostics & Research

Comparable Companies BOM:526504 TSXV:MBI XCNQ:LNB TEAR BOM:541299 NGM:LIFE B INVB WAR:VIV TSXV:IDL BOM:526546 TSXV:TELO ASX:CTE BOM:538019 BOM:526301 DCTH ABMC XSAT:ALPH WAR:IGN ZENO XPAR:CLNV

Address 848 N Rainbow Boulevard, No. 2494, Las Vegas, NV, USA, 89107

Website https://www.medimagingcorp.com

Medical Imaging Corp is a United States-based healthcare services company focused on the acquisition of existing full-service imaging clinics. Through its subsidiaries, the firm provides medical diagnostic imaging services. The services provided include magnetic resonance imaging, CT scans, ultrasound, X-ray, and others. The group has operations in the United States and Canada. The organization generates revenue from the medical scans services and teleradiology services, of which medical scans services contributes the maximum to the revenue.