Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Maison Solutions's Revenue for the
three
months ended in Jan. 2024 was $13.60 Mil. Maison Solutions's Total Assets for the quarter that ended in Jan. 2024 was $43.27 Mil. Therefore, Maison Solutions's Asset Turnover for the quarter that ended in Jan. 2024 was 0.31.
Asset Turnover is linked to ROE % through Du Pont Formula. Maison Solutions's annualizedROE % for the quarter that ended in Jan. 2024 was -19.52%. It is also linked to ROA % through Du Pont Formula. Maison Solutions's annualizedROA % for the quarter that ended in Jan. 2024 was -5.07%.
Maison Solutions Asset Turnover Historical Data
The historical data trend for Maison Solutions'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.
Competitive Comparison of Maison Solutions's Asset Turnover
For the Grocery Stores subindustry, Maison Solutions'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.
Maison Solutions's Asset Turnover Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Maison Solutions's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Maison Solutions's Asset Turnover falls into.
Maison Solutions Asset Turnover Calculation
Asset Turnover measures how quickly a company turns over its asset through sales.
Maison Solutions's Asset Turnover for the fiscal year that ended in Apr. 2023 is calculated as
* 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.
Maison Solutions (NAS:MSS) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Maison Solutions's annulizedROE % for the quarter that ended in Jan. 2024 is
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:
Maison Solutions's annulizedROA % for the quarter that ended in Jan. 2024 is
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.
Maison Solutions Asset Turnover Related Terms
Thank you for viewing the detailed overview of Maison Solutions's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Maison Solutions (Maison Solutions) Business Description
Maison Solutions Inc is a fast-growing, specialty grocery retailer offering traditional Asian food and merchandise to modern U.S. consumers, in particular to the members of Asian-American communities. It is committed to providing Asian fresh produce, meat, seafood, and other daily necessities in a manner that caters to traditional Asian-American family values and cultural norms, while also accounting for the new and faster-paced lifestyle of younger generations and the diverse communities in which it operates. The company's merchandise includes fresh and unique produce, meats, seafood and other groceries that are not found in mainstream supermarkets, including a variety of Asian vegetables and fruits such as broccoli, bitter melon, winter gourd, Shanghai baby bok choy, longan and lychee.
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