Clevon AS (OTSE:CLEV) Asset Turnover : 0.01 (As of Jun. 2023)

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What is Clevon AS Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Clevon AS's Revenue for the six months ended in Jun. 2023 was €0.06 Mil. Clevon AS's Total Assets for the quarter that ended in Jun. 2023 was €7.96 Mil. Therefore, Clevon AS's Asset Turnover for the quarter that ended in Jun. 2023 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Clevon AS's annualized ROE % for the quarter that ended in Jun. 2023 was -127.16%. It is also linked to ROA % through Du Pont Formula. Clevon AS's annualized ROA % for the quarter that ended in Jun. 2023 was -83.03%.

Clevon AS Asset Turnover Historical Data

The historical data trend for Clevon AS'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.

Clevon AS Asset Turnover Chart

Clevon AS Annual Data

Trend

Dec22

Asset Turnover

0.01

Clevon AS Semi-Annual Data
	Dec22	Jun23
Asset Turnover	-	0.01

Competitive Comparison of Clevon AS's Asset Turnover

For the Auto Manufacturers subindustry, Clevon AS'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.

Clevon AS's Asset Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Clevon AS's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Clevon AS's Asset Turnover falls into.

Clevon AS Asset Turnover Calculation

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

Clevon AS'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: . 20 )	+	Total Assets (A: Dec. 2022 ))	/ count )
=		/	( (	+	)	/ )
=		/
=

Clevon AS's Asset Turnover for the quarter that ended in Jun. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	0.062	/	( (8.594	+	7.327)	/ 2 )
=	0.062	/	7.9605
=	0.01

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.

Clevon AS (OTSE:CLEV) Asset Turnover Explanation

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

Clevon AS's annulized ROE % for the quarter that ended in Jun. 2023 is

	ROE %^**		(Q: Jun. 2023 )
=	Net Income	/	Total Stockholders Equity
=	-6.61	/	5.198
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-6.61 / 0.124)	*	(0.124 / 7.9605)	*	(7.9605/ 5.198)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-5330.65 %	*	0.0156	*	1.5315
=	ROA %	*	Equity Multiplier
=	-83.03 %	*	1.5315
=	-127.16 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2023) net income data. The Revenue data used here is two times the semi-annual (Jun. 2023) revenue data.

^** 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:

Clevon AS's annulized ROA % for the quarter that ended in Jun. 2023 is

	ROA %		(Q: Jun. 2023 )
=	Net Income	/	Total Assets
=	-6.61	/	7.9605
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-6.61 / 0.124)	*	(0.124 / 7.9605)
=	Net Margin %	*	Asset Turnover
=	-5330.65 %	*	0.0156
=	-83.03 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2023) net income data. The Revenue data used here is two times the semi-annual (Jun. 2023) revenue data.

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.

Clevon AS Asset Turnover Related Terms

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