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Oneflow AB (OSTO:ONEF) Asset Turnover : 0.13 (As of Mar. 2024)


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What is Oneflow AB Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Oneflow AB's Revenue for the three months ended in Mar. 2024 was kr30.8 Mil. Oneflow AB's Total Assets for the quarter that ended in Mar. 2024 was kr237.3 Mil. Therefore, Oneflow AB's Asset Turnover for the quarter that ended in Mar. 2024 was 0.13.

Asset Turnover is linked to ROE % through Du Pont Formula. Oneflow AB's annualized ROE % for the quarter that ended in Mar. 2024 was -67.26%. It is also linked to ROA % through Du Pont Formula. Oneflow AB's annualized ROA % for the quarter that ended in Mar. 2024 was -35.84%.


Oneflow AB Asset Turnover Historical Data

The historical data trend for Oneflow 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.

* Premium members only.

Oneflow AB Asset Turnover Chart

Oneflow AB Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
0.37 0.46 0.51 0.34 0.36

Oneflow AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.07 0.09 0.10 0.11 0.13

Competitive Comparison of Oneflow AB's Asset Turnover

For the Software - Application subindustry, Oneflow 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.


Oneflow AB's Asset Turnover Distribution in the Software Industry

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

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



Oneflow AB Asset Turnover Calculation

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

Oneflow AB's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=99.666/( (309.809+245.625)/ 2 )
=99.666/277.717
=0.36

Oneflow AB's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=30.802/( (245.625+228.908)/ 2 )
=30.802/237.2665
=0.13

* 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.


Oneflow AB  (OSTO:ONEF) Asset Turnover Explanation

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

Oneflow AB's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-85.044/126.4485
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-85.044 / 123.208)*(123.208 / 237.2665)*(237.2665/ 126.4485)
=Net Margin %*Asset Turnover*Equity Multiplier
=-69.02 %*0.5193*1.8764
=ROA %*Equity Multiplier
=-35.84 %*1.8764
=-67.26 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 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:

Oneflow AB's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-85.044/237.2665
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-85.044 / 123.208)*(123.208 / 237.2665)
=Net Margin %*Asset Turnover
=-69.02 %*0.5193
=-35.84 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 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.


Oneflow AB Asset Turnover Related Terms

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Oneflow AB (OSTO:ONEF) Business Description

Traded in Other Exchanges
N/A
Address
Gavlegatan 12a, Stockholm, SWE, 113 30
Oneflow AB develops, sells and implements digital contract management and automation systems. The company's business model primarily consists of providing long-term subscriptions of products adapted to different types of customer needs and preferences through a SaaS model. The platform allows users to create, cooperate and work with contracts in real time, both internally within the organization and externally towards counterparties. Thereafter, the contract can be signed and archived in a structured and secure way. Contract data such as amounts, dates and deadlines are saved and can be filtered, summarized, aggregated and automatically integrated into other business systems and be used for notifications.

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