NMXS (Net Medical Xpress Solutions) Asset Turnover: 0.71 (As of Jun. 2018)

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What is Net Medical Xpress Solutions Asset Turnover?

Net Medical Xpress Solutions NMXS +0.14% Asset Turnover is 0.71 as of Jun. 2018.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Net Medical Xpress Solutions's Revenue for the three months ended in Jun. 2018 was $0.55 Mil. Net Medical Xpress Solutions's Total Assets for the quarter that ended in Jun. 2018 was $0.77 Mil. Therefore, Net Medical Xpress Solutions's Asset Turnover for the quarter that ended in Jun. 2018 was 0.71.

Asset Turnover is linked to ROE % through Du Pont Formula. Net Medical Xpress Solutions's annualized ROE % for the quarter that ended in Jun. 2018 was 10.90%. It is also linked to ROA % through Du Pont Formula. Net Medical Xpress Solutions's annualized ROA % for the quarter that ended in Jun. 2018 was 5.69%.


Net Medical Xpress Solutions  (OTCPK:NMXS) Asset Turnover Explanation

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

Net Medical Xpress Solutions's annulized ROE % for the quarter that ended in Jun. 2018 is

ROE %**(Q: Jun. 2018 )
=Net Income/Total Stockholders Equity
=0.044/0.4035
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(0.044 / 2.184)*(2.184 / 0.773)*(0.773/ 0.4035)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.01 %*2.8254*1.9157
=ROA %*Equity Multiplier
=5.69 %*1.9157
=10.90 %

Note: The Net Income data used here is four times the quarterly (Jun. 2018) net income data. The Revenue data used here is four times the quarterly (Jun. 2018) 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:

Net Medical Xpress Solutions's annulized ROA % for the quarter that ended in Jun. 2018 is

ROA %(Q: Jun. 2018 )
=Net Income/Total Assets
=0.044/0.773
=(Net Income / Revenue)*(Revenue / Total Assets)
=(0.044 / 2.184)*(2.184 / 0.773)
=Net Margin %*Asset Turnover
=2.01 %*2.8254
=5.69 %

Note: The Net Income data used here is four times the quarterly (Jun. 2018) net income data. The Revenue data used here is four times the quarterly (Jun. 2018) 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.


Net Medical Xpress Solutions Asset Turnover Related Terms


Net Medical Xpress Solutions Asset Turnover Historical Data

* Premium members only.

The historical data trend for Net Medical Xpress 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.

Net Medical Xpress Solutions Asset Turnover Chart

Net Medical Xpress Solutions Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.98 4.22 3.48 3.46 3.01

Net Medical Xpress Solutions Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Mar18 Jun18
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.88 0.80 0.81 0.67 0.71

NMXS vs TVMD, UCBB, ESSI: Asset Turnover Comparison

For the Health Information Services subindustry, Net Medical Xpress 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.


Net Medical Xpress Solutions Asset Turnover vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Net Medical Xpress Solutions's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Net Medical Xpress Solutions's Asset Turnover falls into.



Net Medical Xpress Solutions Asset Turnover Calculation

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

Net Medical Xpress Solutions's Asset Turnover for the fiscal year that ended in Dec. 2016 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2016 )/( (Total Assets (A: Dec. 2015 )+Total Assets (A: Dec. 2016 ))/ count )
=3.045/( (1.201+0.82)/ 2 )
=3.045/1.0105
=3.01

Net Medical Xpress Solutions's Asset Turnover for the quarter that ended in Jun. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2018 )/( (Total Assets (Q: Mar. 2018 )+Total Assets (Q: Jun. 2018 ))/ count )
=0.546/( (0.73+0.816)/ 2 )
=0.546/0.773
=0.71

* 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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.71 mean?
Net Medical Xpress Solutions (NMXS) has a Asset Turnover of 0.71 as of Jun. 2018. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Net Medical Xpress Solutions and its competitors.
Is Net Medical Xpress Solutions' Asset Turnover too high?
Net Medical Xpress Solutions' current Asset Turnover is 0.71.
How does Net Medical Xpress Solutions' Asset Turnover compare to TVMD and UCBB?
Net Medical Xpress Solutions' Asset Turnover of 0.71 can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Healthcare Providers & Services company?
A good Asset Turnover depends on the Healthcare Providers & Services industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Net Medical Xpress Solutions and its competitors. Net Medical Xpress Solutions's current Asset Turnover is 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Net Medical Xpress Solutions stock overvalued right now?
Net Medical Xpress Solutions (NMXS) has a current Asset Turnover of 0.71. The current Asset Turnover is 0.71. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Net Medical Xpress Solutions (NMXS), the current Asset Turnover is 0.71 as of Jun. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Net Medical Xpress Solutions Business Description

Address 8206 Louisiana Boulevard NE, Suite A, Albuquerque, NM, USA, 87113
Net Medical Xpress Solutions Inc is engaged in providing solutions to the telemedicine industry which deliver medical laboratory services. It offers proprietary software that links electronic medical records while enabling state-of-the-art conferencing and communications. The company's mobile fleet of vans is utilized to provide sales support for its clinical research organization. It also offers call centers, proprietary hardware implementations, diagnostic and clinical services, and software research and development capabilities.