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Identillect Technologies Asset Turnover

: 1.02 (As of Mar. 2022)
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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. Identillect Technologies's Revenue for the three months ended in Mar. 2022 was $0.16 Mil. Identillect Technologies's Total Assets for the quarter that ended in Mar. 2022 was $0.15 Mil. Therefore, Identillect Technologies's Asset Turnover for the quarter that ended in Mar. 2022 was 1.02.

Asset Turnover is linked to ROE % through Du Pont Formula. Identillect Technologies's annualized ROE % for the quarter that ended in Mar. 2022 was 27.29%. It is also linked to ROA % through Du Pont Formula. Identillect Technologies's annualized ROA % for the quarter that ended in Mar. 2022 was -282.20%.


Identillect Technologies Asset Turnover Historical Data

The historical data trend for Identillect Technologies'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.

Identillect Technologies Annual Data
Trend Jul12 Jul13 Jul14 Jul15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.17 1.38 2.18 3.60 5.08

Identillect Technologies Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Asset Turnover 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 Premium Member Only Premium Member Only Premium Member Only 1.16 1.09 1.24 1.25 1.02

Identillect Technologies Asset Turnover Calculation

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

Identillect Technologies's Asset Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2021 )/( (Total Assets (A: Dec. 2020 )+Total Assets (A: Dec. 2021 ))/ count )
=0.612/( (0.111+0.13)/ 2 )
=0.612/0.1205
=5.08

Identillect Technologies's Asset Turnover for the quarter that ended in Mar. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2022 )/( (Total Assets (Q: Dec. 2021 )+Total Assets (Q: Mar. 2022 ))/ count )
=0.158/( (0.13+0.179)/ 2 )
=0.158/0.1545
=1.02

* 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.


Identillect Technologies  (OTCPK:IDTLF) Asset Turnover Explanation

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

Identillect Technologies's annulized ROE % for the quarter that ended in Mar. 2022 is

ROE %**(Q: Mar. 2022 )
=Net Income/Total Stockholders Equity
=-0.436/-1.5975
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.436 / 0.632)*(0.632 / 0.1545)*(0.1545/ -1.5975)
=Net Margin %*Asset Turnover*Equity Multiplier
=-68.99 %*4.0906*-0.0967
=ROA %*Equity Multiplier
=-282.20 %*-0.0967
=27.29 %

Note: The Net Income data used here is four times the quarterly (Mar. 2022) net income data. The Revenue data used here is four times the quarterly (Mar. 2022) 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:

Identillect Technologies's annulized ROA % for the quarter that ended in Mar. 2022 is

ROA %(Q: Mar. 2022 )
=Net Income/Total Assets
=-0.436/0.1545
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.436 / 0.632)*(0.632 / 0.1545)
=Net Margin %*Asset Turnover
=-68.99 %*4.0906
=-282.20 %

Note: The Net Income data used here is four times the quarterly (Mar. 2022) net income data. The Revenue data used here is four times the quarterly (Mar. 2022) 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.


Identillect Technologies Asset Turnover Related Terms

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Identillect Technologies Business Description

Identillect Technologies logo
Industry
Technology » Software NAICS : 423430 SIC : 5744
Traded in Other Exchanges
Address
609 Granville Street, Suite 1600, Vancouver, BC, CAN, V7Y 1C3
Identillect Technologies Corp is a software development company that design and developed an email encryption software solution to protect critical information. The company offers Delivery trust service; which is an email security solution, designed for small and medium-sized businesses. It offers a product like Delivery trust in Outlook Plugin, Office 365, Gmail Plugin, Web Only and Electronic Signatures. The company serves Accounting, Education Professionals, Financial, Legal, Medical, Real Estate, and Resource industries.
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