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MMMW (Mass Megawatts Wind Power) Asset Turnover : 0.00 (As of Jan. 2024)


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What is Mass Megawatts Wind Power Asset Turnover?

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

Asset Turnover is linked to ROE % through Du Pont Formula. Mass Megawatts Wind Power's annualized ROE % for the quarter that ended in Jan. 2024 was 49.12%. It is also linked to ROA % through Du Pont Formula. Mass Megawatts Wind Power's annualized ROA % for the quarter that ended in Jan. 2024 was -9,800.00%.


Mass Megawatts Wind Power Asset Turnover Historical Data

The historical data trend for Mass Megawatts Wind Power'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.

Mass Megawatts Wind Power Asset Turnover Chart

Mass Megawatts Wind Power Annual Data
Trend Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr21 Apr22 Apr23
Asset Turnover
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Mass Megawatts Wind Power Quarterly Data
Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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Competitive Comparison of Mass Megawatts Wind Power's Asset Turnover

For the Utilities - Renewable subindustry, Mass Megawatts Wind Power'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.


Mass Megawatts Wind Power's Asset Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Mass Megawatts Wind Power's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Mass Megawatts Wind Power's Asset Turnover falls into.



Mass Megawatts Wind Power Asset Turnover Calculation

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

Mass Megawatts Wind Power's Asset Turnover for the fiscal year that ended in Apr. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Apr. 2023 )/( (Total Assets (A: Apr. 2022 )+Total Assets (A: Apr. 2023 ))/ count )
=0/( (0.109+0.003)/ 2 )
=0/0.056
=0.00

Mass Megawatts Wind Power's Asset Turnover for the quarter that ended in Jan. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jan. 2024 )/( (Total Assets (Q: Oct. 2023 )+Total Assets (Q: Jan. 2024 ))/ count )
=0/( (0.001+0.003)/ 2 )
=0/0.002
=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.


Mass Megawatts Wind Power  (OTCPK:MMMW) Asset Turnover Explanation

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

Mass Megawatts Wind Power's annulized ROE % for the quarter that ended in Jan. 2024 is

ROE %**(Q: Jan. 2024 )
=Net Income/Total Stockholders Equity
=-0.196/-0.399
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.196 / 0)*(0 / 0.002)*(0.002/ -0.399)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*-0.005
=ROA %*Equity Multiplier
=-9,800.00 %*-0.005
=49.12 %

Note: The Net Income data used here is four times the quarterly (Jan. 2024) net income data. The Revenue data used here is four times the quarterly (Jan. 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:

Mass Megawatts Wind Power's annulized ROA % for the quarter that ended in Jan. 2024 is

ROA %(Q: Jan. 2024 )
=Net Income/Total Assets
=-0.196/0.002
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.196 / 0)*(0 / 0.002)
=Net Margin %*Asset Turnover
= %*0
=-9,800.00 %

Note: The Net Income data used here is four times the quarterly (Jan. 2024) net income data. The Revenue data used here is four times the quarterly (Jan. 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.


Mass Megawatts Wind Power Asset Turnover Related Terms

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Mass Megawatts Wind Power Business Description

Traded in Other Exchanges
N/A
Address
119 Boston Turnpike, No. 290, Shrewsbury, MA, USA, 01545
Mass Megawatts Wind Power Inc is engaged in the development of renewable power technology. It develops solar trackers and wind energy equipment for low-cost clean energy generation. The company's patent pending, Mass Megawatts Solar Tracking System (STS) is a complete solar power system that is designed to continually adjust the position of solar panels to receive the optimal level of direct sunlight throughout the day. In addition, it also seeks to build and operate wind-energy-generated power plants utilizing proprietary MultiAxis Turbine technology.
Executives
Jonathan Ricker director, 10 percent owner, officer: Chairman and CEO P.O. BOX 60398, WORCESTER MD 01606
Richard Barcia officer: Chief Operating Officer 2663 E 90TH PLACE, DENVER CO 80229
Thomas F Weisz 10 percent owner 20201 E. COUNTRY CLUB DRIVE, APT. 707, AVENTURA FL 33180