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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. PASSUR Aerospace's Revenue for the
three
months ended in Jul. 2022 was $1.48 Mil. PASSUR Aerospace's Total Assets for the quarter that ended in Jul. 2022 was $2.33 Mil. Therefore, PASSUR Aerospace's Asset Turnover for the quarter that ended in Jul. 2022 was 0.64.
Asset Turnover is linked to ROE % through Du Pont Formula. PASSUR Aerospace's annualizedROE % for the quarter that ended in Jul. 2022 was 44.53%. It is also linked to ROA % through Du Pont Formula. PASSUR Aerospace's annualizedROA % for the quarter that ended in Jul. 2022 was -256.17%.
Note:
The Net Income data used here is four times the quarterly (Jul. 2022) net income data. The Revenue data used here is four times the quarterly (Jul. 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:
PASSUR Aerospace's annulizedROA % for the quarter that ended in Jul. 2022 is
Note:
The Net Income data used here is four times the quarterly (Jul. 2022) net income data. The Revenue data used here is four times the quarterly (Jul. 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.
PASSUR Aerospace Asset Turnover Related Terms
PASSUR Aerospace Asset Turnover Historical Data
* Premium members only.
The historical data trend for PASSUR Aerospace'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.
PSSR vs BANT, HWKE, RTX: Asset Turnover Comparison
For the Aerospace & Defense subindustry, PASSUR Aerospace'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.
PASSUR Aerospace Asset Turnover vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, PASSUR Aerospace's Asset Turnover distribution charts can be found below:
* The bar in red indicates where PASSUR Aerospace's Asset Turnover falls into.
* 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.
PASSUR Aerospace (PSSR) has a Asset Turnover of 0.64 as of Jul. 2022. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on PASSUR Aerospace and its competitors.
Is PASSUR Aerospace's Asset Turnover too high?
PASSUR Aerospace's current Asset Turnover is 0.64. Overall, PASSUR Aerospace has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does PASSUR Aerospace's Asset Turnover compare to BANT and HWKE?
PASSUR Aerospace's Asset Turnover of 0.64 can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good Asset Turnover depends on the Aerospace & Defense 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 PASSUR Aerospace and its competitors. PASSUR Aerospace's current Asset Turnover is 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PASSUR Aerospace stock overvalued right now?
PASSUR Aerospace (PSSR) has a current Asset Turnover of 0.64. The current Asset Turnover is 0.64. PASSUR Aerospace's overall GF Score™ is 12/100. 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 PASSUR Aerospace (PSSR), the current Asset Turnover is 0.64 as of Jul. 2022. 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.
PASSUR Aerospace Inc is engaged in digital operational excellence, providing predictive analytics and decision support technology for the aviation industry, to improve the operational performance and cash flow of airlines and the airports where they operate. The company's information solutions are used at five North American airlines; by airlines in Europe; by more than 60 airport customers (used at the top 30 North American airports); by more than 100 business aviation organizations; and by the US government.
12GF Score
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