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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. Vascular Biogenics's Revenue for the three months ended in Jun. 2023 was $0.00 Mil. Vascular Biogenics's Total Assets for the quarter that ended in Jun. 2023 was $26.38 Mil. Therefore, Vascular Biogenics's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.
Asset Turnover is linked to ROE % through Du Pont Formula. Vascular Biogenics's annualized ROE % for the quarter that ended in Jun. 2023 was -17.87%. It is also linked to ROA % through Du Pont Formula. Vascular Biogenics's annualized ROA % for the quarter that ended in Jun. 2023 was -13.25%.
The historical data trend for Vascular Biogenics'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.
Vascular Biogenics Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 |
Vascular Biogenics Quarterly Data | ||||||||||||||||||||
Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
Asset Turnover | Get a 7-Day Free Trial | - | 0.01 | - | - | - |
For the Biotechnology subindustry, Vascular Biogenics'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, Vascular Biogenics's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Vascular Biogenics's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Vascular Biogenics's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Dec. 2022 ) | / | ( (Total Assets (A: Dec. 2021 ) | + | Total Assets (A: Dec. 2022 )) | / count ) |
= | 0.658 | / | ( (64.661 | + | 29.659) | / 2 ) |
= | 0.658 | / | 47.16 | |||
= | 0.01 |
Vascular Biogenics's Asset Turnover for the quarter that ended in Jun. 2023 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Jun. 2023 ) | / | ( (Total Assets (Q: Mar. 2023 ) | + | Total Assets (Q: Jun. 2023 )) | / count ) |
= | 0 | / | ( (28.113 | + | 24.646) | / 2 ) |
= | 0 | / | 26.3795 | |||
= | 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.
Vascular Biogenics (NAS:VBLT) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Vascular Biogenics's annulized ROE % for the quarter that ended in Jun. 2023 is
ROE %** | (Q: Jun. 2023 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -3.496 | / | 19.568 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-3.496 / 0) | * | (0 / 26.3795) | * | (26.3795/ 19.568) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | % | * | 0 | * | 1.3481 |
= | ROA % | * | Equity Multiplier | ||
= | -13.25 % | * | 1.3481 | ||
= | -17.87 % |
Note: The Net Income data used here is four times the quarterly (Jun. 2023) net income data. The Revenue data used here is four times the quarterly (Jun. 2023) 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:
Vascular Biogenics's annulized ROA % for the quarter that ended in Jun. 2023 is
ROA % | (Q: Jun. 2023 ) | ||
= | Net Income | / | Total Assets |
= | -3.496 | / | 26.3795 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-3.496 / 0) | * | (0 / 26.3795) |
= | Net Margin % | * | Asset Turnover |
= | % | * | 0 |
= | -13.25 % |
Note: The Net Income data used here is four times the quarterly (Jun. 2023) net income data. The Revenue data used here is four times the quarterly (Jun. 2023) 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 Vascular Biogenics's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Builders Vc Fund I, L.p. | 10 percent owner | 201 MISSION STREET, SUITE 2350, SAN FRANCISCO CA 94105 |
James Jimin Kim | 10 percent owner | C/O NOTABLE LABS, INC., 320 HATCH DRIVE, FOSTER CITY CA 94404 |
B Capital Group Management, L.p. | 10 percent owner | 1240 ROSECRANS AVE., 5TH FLOOR, MANHATTAN BEACH CA 90266 |
B Capital Group Investors Ii Ltd. | 10 percent owner | 1240 ROSECRANS AVE., 5TH FLOOR, MANHATTAN BEACH CA 90266 |
B Capital Group Partners Ii, L.p. | 10 percent owner | 1240 ROSECRANS AVE., 5TH FLOOR, MANHATTAN BEACH CA 90266 |
Joseph P Wagner | officer: Chief Scientific Officer | 320 HATCH DRIVE, FOSTER CITY CA 94404 |
Tuomo Patsi | director | 320 HATCH DRIVE, FOSTER CITY NY 94404 |
Thomas Bock | director, officer: Chief Executive Officer | 320 HATCH DRIVE, FOSTER CITY NY 94404 |
Michele Galen | director | 320 HATCH DRIVE, FOSTER CITY CA 94404 |
Fr Capital Holdings, L.p. | 10 percent owner | 2400 MARKET STREET, SUITE 237, PHILADELPHIA PA 19103 |
B Capital Fund Ii, L.p. | 10 percent owner | C/O B CAPITAL GROUP MANAGEMENT, L.P., 1240 ROSECRANS AVE., 5TH FLOOR, MANHATTAN BEACH CA 90266 |
Builders Vc Fund I (canada), L.p. | 10 percent owner | 201 MISSION STREET, SUITE 2350, SAN FRANCISCO CA 94105 |
Builders Vc Entrepreneurs Fund I, L.p. | 10 percent owner | 201 MISSION STREET, SUITE 2350, SAN FRANCISCO CA 94105 |
Dubin Thomas I H | director | C/O ALEXION PHARMACEUTICALS INC, 352 KNOTTER DRIVE, CHESHIRE CT 06410 |
Peter Feinberg | director | C/O IMMUNEERING CORPORATION, 245 MAIN STREET, SECOND FLOOR, CAMBRIDGE MA 02142 |
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