Athanase Innovation AB (OSTO:ATIN) Asset Turnover: 0.00 (As of Dec. 2020)


OSTO:ATIN Athanase Innovation AB OSTO:ATIN
26 GF Score
Price kr18.00
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What is Athanase Innovation AB Asset Turnover?

Athanase Innovation AB OSTO:ATIN 26 Asset Turnover is 0.00 as of Dec. 2020. GuruFocus rates OSTO:ATIN with a GF Score™ of 26/100.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Athanase Innovation AB's Revenue for the six months ended in Dec. 2020 was kr0.35 Mil. Athanase Innovation AB's Total Assets for the quarter that ended in Dec. 2020 was kr540.30 Mil. Therefore, Athanase Innovation AB's Asset Turnover for the quarter that ended in Dec. 2020 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Athanase Innovation AB's annualized ROE % for the quarter that ended in Dec. 2020 was 108.32%. It is also linked to ROA % through Du Pont Formula. Athanase Innovation AB's annualized ROA % for the quarter that ended in Dec. 2020 was 64.24%.

Athanase Innovation AB  (OSTO:ATIN) Asset Turnover Explanation

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

Athanase Innovation AB's annulized ROE % for the quarter that ended in Dec. 2020 is

ROE %**(Q: Dec. 2020 )
=Net Income/Total Stockholders Equity
=347.066/320.405
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(347.066 / 0.704)*(0.704 / 540.2955)*(540.2955/ 320.405)
=Net Margin %*Asset Turnover*Equity Multiplier
=49299.15 %*0.0013*1.6863
=ROA %*Equity Multiplier
=64.24 %*1.6863
=108.32 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2020) net income data. The Revenue data used here is two times the semi-annual (Dec. 2020) 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:

Athanase Innovation AB's annulized ROA % for the quarter that ended in Dec. 2020 is

ROA %(Q: Dec. 2020 )
=Net Income/Total Assets
=347.066/540.2955
=(Net Income / Revenue)*(Revenue / Total Assets)
=(347.066 / 0.704)*(0.704 / 540.2955)
=Net Margin %*Asset Turnover
=49299.15 %*0.0013
=64.24 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2020) net income data. The Revenue data used here is two times the semi-annual (Dec. 2020) 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.

Athanase Innovation AB Asset Turnover Related Terms

Athanase Innovation AB Asset Turnover Historical Data

* Premium members only.

The historical data trend for Athanase Innovation AB'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.

Athanase Innovation AB Asset Turnover Chart

Athanase Innovation AB Annual Data
Trend Jun17 Jun18 Jun19
Asset Turnover
0.00 0.06 0.06

Athanase Innovation AB Semi-Annual Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20
Asset Turnover Get a 7-Day Free Trial 0.03 0.03 0.00 0.06 0.00

OSTO:ATIN vs EVG, SMM, NHS: Asset Turnover Comparison

For the Asset Management subindustry, Athanase Innovation AB'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.

Athanase Innovation AB Asset Turnover vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Athanase Innovation AB's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Athanase Innovation AB's Asset Turnover falls into.


OSTO:ATIN
26GF Score
Athanase Innovation AB OSTO:ATIN
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Athanase Innovation AB Asset Turnover Calculation

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

Athanase Innovation AB's Asset Turnover for the fiscal year that ended in Jun. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2019 )/( (Total Assets (A: Jun. 2018 )+Total Assets (A: Jun. 2019 ))/ count )
=42.033/( (711.11+694.828)/ 2 )
=42.033/702.969
=0.06

Athanase Innovation AB's Asset Turnover for the quarter that ended in Dec. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2020 )/( (Total Assets (Q: Jun. 2020 )+Total Assets (Q: Dec. 2020 ))/ count )
=0.352/( (676.91+403.681)/ 2 )
=0.352/540.2955
=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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.00 mean?
Athanase Innovation AB (OSTO:ATIN) has a Asset Turnover of 0.00 as of Dec. 2020. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Athanase Innovation AB and its competitors.
Is Athanase Innovation AB's Asset Turnover too high?
Athanase Innovation AB's current Asset Turnover is 0.00. Overall, Athanase Innovation AB has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Athanase Innovation AB's Asset Turnover compare to EVG and SMM?
Athanase Innovation AB's Asset Turnover of 0.00 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Asset Turnover depends on the Asset Management 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 Athanase Innovation AB and its competitors. Athanase Innovation AB's current Asset Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Athanase Innovation AB stock overvalued right now?
Athanase Innovation AB (OSTO:ATIN) has a current Asset Turnover of 0.00. The current Asset Turnover is 0.00. Athanase Innovation AB's overall GF Score™ is 26/100. 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 Athanase Innovation AB (OSTO:ATIN), the current Asset Turnover is 0.00 as of Dec. 2020. 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.

Athanase Innovation AB Business Description

Address Birger Jarlsgatan 6, Sverige, Stockholm, SWE, 114 34
Athanase Innovation AB is an alternative investment firm with exposure to both private and public equity. It invests in innovative companies that benefit from trends such as robotics, digitalization, and automation. The principal revenue stream is initially management fees charged on the external fund capital and investment income of the underlying assets.
26GF Score

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Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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