PRST (Presto Automation) Asset Turnover: 0.17 (As of Mar. 2024)


What is Presto Automation Asset Turnover?

Presto Automation PRST -99.00% Asset Turnover is 0.17 as of Mar. 2024.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Presto Automation's Revenue for the three months ended in Mar. 2024 was $4.45 Mil. Presto Automation's Total Assets for the quarter that ended in Mar. 2024 was $25.65 Mil. Therefore, Presto Automation's Asset Turnover for the quarter that ended in Mar. 2024 was 0.17.

Asset Turnover is linked to ROE % through Du Pont Formula. Presto Automation's annualized ROE % for the quarter that ended in Mar. 2024 was 144.76%. It is also linked to ROA % through Du Pont Formula. Presto Automation's annualized ROA % for the quarter that ended in Mar. 2024 was -282.19%.

Presto Automation  (OTCPK:PRST) Asset Turnover Explanation

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

Presto Automation's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-72.38/-49.9985
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-72.38 / 17.808)*(17.808 / 25.649)*(25.649/ -49.9985)
=Net Margin %*Asset Turnover*Equity Multiplier
=-406.45 %*0.6943*-0.513
=ROA %*Equity Multiplier
=-282.19 %*-0.513
=144.76 %

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:

Presto Automation's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-72.38/25.649
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-72.38 / 17.808)*(17.808 / 25.649)
=Net Margin %*Asset Turnover
=-406.45 %*0.6943
=-282.19 %

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.

Presto Automation Asset Turnover Related Terms

Presto Automation Asset Turnover Historical Data

* Premium members only.

The historical data trend for Presto Automation'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.

Presto Automation Asset Turnover Chart

Presto Automation Annual Data
Trend Jun20 Jun21 Jun22 Jun23
Asset Turnover
0.41 0.49 0.60 0.68

Presto Automation Quarterly Data
Jun20 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 0.12 0.10 0.12 0.15 0.17

PRST vs BOMO, CRM, INTU: Asset Turnover Comparison

For the Software - Application subindustry, Presto Automation'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.

Presto Automation Asset Turnover vs Software Industry

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

* The bar in red indicates where Presto Automation's Asset Turnover falls into.


Presto Automation Asset Turnover Calculation

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

Presto Automation's Asset Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2023 )/( (Total Assets (A: Jun. 2022 )+Total Assets (A: Jun. 2023 ))/ count )
=26.135/( (30.536+46.687)/ 2 )
=26.135/38.6115
=0.68

Presto Automation'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 )
=4.452/( (30.866+20.432)/ 2 )
=4.452/25.649
=0.17

* 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 0.17 mean?
Presto Automation (PRST) has a Asset Turnover of 0.17 as of Mar. 2024. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Presto Automation and its competitors.
Is Presto Automation's Asset Turnover too high?
Presto Automation's current Asset Turnover is 0.17.
How does Presto Automation's Asset Turnover compare to BOMO and CRM?
Presto Automation's Asset Turnover of 0.17 can be compared against companies in the Software 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 Software company?
A good Asset Turnover depends on the Software 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 Presto Automation and its competitors. Presto Automation's current Asset Turnover is 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Presto Automation stock overvalued right now?
Presto Automation (PRST) has a current Asset Turnover of 0.17. The current Asset Turnover is 0.17. 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 Presto Automation (PRST), the current Asset Turnover is 0.17 as of Mar. 2024. 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.

Presto Automation Business Description

Address 985 Industrial Road, San Carlos, CA, USA, 94070
Presto Automation Inc overlays next-gen digital solutions onto the physical world. It provides an accurate, next-gen solution that uses artificial intelligence to automate speech recognition for restaurant drive-thru. The Company earns substantially all of its revenue in the United States.