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Interfield Global Software (NEOE:IFSS) Asset Turnover : 0.01 (As of Sep. 2023)


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What is Interfield Global Software Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Interfield Global Software's Revenue for the three months ended in Sep. 2023 was C$0.12 Mil. Interfield Global Software's Total Assets for the quarter that ended in Sep. 2023 was C$8.76 Mil. Therefore, Interfield Global Software's Asset Turnover for the quarter that ended in Sep. 2023 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Interfield Global Software's annualized ROE % for the quarter that ended in Sep. 2023 was -72.03%. It is also linked to ROA % through Du Pont Formula. Interfield Global Software's annualized ROA % for the quarter that ended in Sep. 2023 was -49.43%.


Interfield Global Software Asset Turnover Historical Data

The historical data trend for Interfield Global Software'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.

Interfield Global Software Asset Turnover Chart

Interfield Global Software Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Asset Turnover
0.04 0.04 0.03 - -

Interfield Global Software Quarterly Data
Dec18 Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.03 -0.13 0.01 - 0.01

Competitive Comparison of Interfield Global Software's Asset Turnover

For the Software - Application subindustry, Interfield Global Software'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.


Interfield Global Software's Asset Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Interfield Global Software's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Interfield Global Software's Asset Turnover falls into.



Interfield Global Software Asset Turnover Calculation

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

Interfield Global Software'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/( (0.018+0.012)/ 2 )
=0/0.015
=0.00

Interfield Global Software's Asset Turnover for the quarter that ended in Sep. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=0.122/( (8.935+8.575)/ 2 )
=0.122/8.755
=0.01

* 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.


Interfield Global Software  (NEOE:IFSS) Asset Turnover Explanation

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

Interfield Global Software's annulized ROE % for the quarter that ended in Sep. 2023 is

ROE %**(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=-4.328/6.009
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-4.328 / 0.488)*(0.488 / 8.755)*(8.755/ 6.009)
=Net Margin %*Asset Turnover*Equity Multiplier
=-886.89 %*0.0557*1.457
=ROA %*Equity Multiplier
=-49.43 %*1.457
=-72.03 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 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:

Interfield Global Software's annulized ROA % for the quarter that ended in Sep. 2023 is

ROA %(Q: Sep. 2023 )
=Net Income/Total Assets
=-4.328/8.755
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-4.328 / 0.488)*(0.488 / 8.755)
=Net Margin %*Asset Turnover
=-886.89 %*0.0557
=-49.43 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 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.


Interfield Global Software Asset Turnover Related Terms

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Interfield Global Software (NEOE:IFSS) Business Description

Traded in Other Exchanges
N/A
Address
The Yes Business Centre, Office 910, PO Box 78020, Al Barsha 1 Dubai, Dubai, ARE
Interfield Global Software Inc is a software company that services numerous industrial segments including oil and gas, mining, and renewables. It has two operating divisions, E-commerce and Software as a Service. The E-commerce division is an industrial equipment marketplace that connects buyers and suppliers around the globe. ToolSuite, the company's flagship product of its Software as a Service division, is a cloud-based data collection and management platform that digitizes industrial processes and provides real-time auditable data for clients.

Interfield Global Software (NEOE:IFSS) Headlines

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