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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. Ginkgo Bioworks Holdings's Revenue for the three months ended in Mar. 2024 was $37.9 Mil. Ginkgo Bioworks Holdings's Total Assets for the quarter that ended in Mar. 2024 was $1,623.6 Mil. Therefore, Ginkgo Bioworks Holdings's Asset Turnover for the quarter that ended in Mar. 2024 was 0.02.
Asset Turnover is linked to ROE % through Du Pont Formula. Ginkgo Bioworks Holdings's annualized ROE % for the quarter that ended in Mar. 2024 was -63.68%. It is also linked to ROA % through Du Pont Formula. Ginkgo Bioworks Holdings's annualized ROA % for the quarter that ended in Mar. 2024 was -40.88%.
The historical data trend for Ginkgo Bioworks Holdings'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.
Ginkgo Bioworks Holdings Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Asset Turnover | - | 0.11 | 0.23 | 0.21 | 0.12 |
Ginkgo Bioworks Holdings Quarterly Data | ||||||||||||||||
Dec19 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Asset Turnover | Get a 7-Day Free Trial |
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0.03 | 0.03 | 0.03 | 0.02 | 0.02 |
For the Biotechnology subindustry, Ginkgo Bioworks Holdings'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, Ginkgo Bioworks Holdings's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Ginkgo Bioworks Holdings's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Ginkgo Bioworks Holdings'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 ) |
= | 251.455 | / | ( (2539.321 | + | 1665.342) | / 2 ) |
= | 251.455 | / | 2102.3315 | |||
= | 0.12 |
Ginkgo Bioworks Holdings's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Mar. 2024 ) | / | ( (Total Assets (Q: Dec. 2023 ) | + | Total Assets (Q: Mar. 2024 )) | / count ) |
= | 37.944 | / | ( (1665.342 | + | 1581.761) | / 2 ) |
= | 37.944 | / | 1623.5515 | |||
= | 0.02 |
* 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.
Ginkgo Bioworks Holdings (NYSE:DNA) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Ginkgo Bioworks Holdings's annulized ROE % for the quarter that ended in Mar. 2024 is
ROE %** | (Q: Mar. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -663.644 | / | 1042.211 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-663.644 / 151.776) | * | (151.776 / 1623.5515) | * | (1623.5515/ 1042.211) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -437.25 % | * | 0.0935 | * | 1.5578 |
= | ROA % | * | Equity Multiplier | ||
= | -40.88 % | * | 1.5578 | ||
= | -63.68 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 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:
Ginkgo Bioworks Holdings's annulized ROA % for the quarter that ended in Mar. 2024 is
ROA % | (Q: Mar. 2024 ) | ||
= | Net Income | / | Total Assets |
= | -663.644 | / | 1623.5515 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-663.644 / 151.776) | * | (151.776 / 1623.5515) |
= | Net Margin % | * | Asset Turnover |
= | -437.25 % | * | 0.0935 |
= | -40.88 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 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 Ginkgo Bioworks Holdings's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Jason R Kelly | director, officer: CEO & Founder | 667 MADISON AVENUE, C/O CORVEX MANAGEMENT LP, NEW YORK NY 10065 |
Mark E. Dmytruk | officer: Chief Financial Officer | C/O SOARING EAGLE ACQUISITION CORP., 955 FIFTH AVENUE, NEW YORK NY 10075 |
Barry Canton | 10 percent owner | C/O GINKGO BIOWORKS, INC., 27 DRYDOCK AVENUE, 8TH FLOOR, BOSTON MA 02210 |
Reshma P. Shetty | director, 10 percent owner, officer: President, COO & Founder | C/O SOARING EAGLE ACQUISITION CORP., 955 FIFTH AVENUE, NEW YORK NY 10075 |
Christian O Henry | director | 9885 TOWNE CENTRE DRIVE, SAN DIEGO CA 92121 |
Harry Sloan | director, officer: CEO, Chairman | 1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401 |
Shyam Sankar | director | C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202 |
Steven P. Coen | officer: Chief Accounting Officer | C/O GINKGO BIOWORKS HOLDINGS, INC., 27 DRYDOCK AVENUE, 8TH FLOOR, BOSTON MA 02210 |
Marie E. Fallon | officer: Chief Accounting Officer | C/O GINKGO BIOWORKS, INC., 27 DRYDOCK AVENUE, 8TH FLOOR, BOSTON MA 02210 |
Marijn E Dekkers | director | GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210 |
Kathy Hopinkah Hannan | director | ANNALY CAPITAL MANAGEMENT, INC., 1211 AVE. OF THE AMERICAS, NEW YORK NY 10036 |
David C. Ott | 10 percent owner | 600 WASHINGTON BLVD., FLOOR 11, STAMFORD CT 06901 |
Viking Global Opportunities Parent Gp Llc | 10 percent owner | 600 WASHINGTON BLVD., FLOOR 11, STAMFORD CT 06901 |
Viking Global Investors Lp | 10 percent owner | 600 WASHINGTON BLVD., FLOOR 11, STAMFORD CT 06901 |
Viking Global Opportunities Gp Llc | 10 percent owner | 55 RAILROAD AVENUE, GREENWICH CT 06830 |
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