PXHI (PhoneX Holdings) Asset Turnover: 1.68 (As of Dec. 2018)


What is PhoneX Holdings Asset Turnover?

PhoneX Holdings PXHI Asset Turnover is 1.68 as of Dec. 2018.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. PhoneX Holdings's Revenue for the three months ended in Dec. 2018 was $17.11 Mil. PhoneX Holdings's Total Assets for the quarter that ended in Dec. 2018 was $10.18 Mil. Therefore, PhoneX Holdings's Asset Turnover for the quarter that ended in Dec. 2018 was 1.68.

Asset Turnover is linked to ROE % through Du Pont Formula. PhoneX Holdings's annualized ROE % for the quarter that ended in Dec. 2018 was -419.43%. It is also linked to ROA % through Du Pont Formula. PhoneX Holdings's annualized ROA % for the quarter that ended in Dec. 2018 was -32.65%.

PhoneX Holdings  (OTCPK:PXHI) Asset Turnover Explanation

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

PhoneX Holdings's annulized ROE % for the quarter that ended in Dec. 2018 is

ROE %**(Q: Dec. 2018 )
=Net Income/Total Stockholders Equity
=-3.324/0.7925
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3.324 / 68.424)*(68.424 / 10.181)*(10.181/ 0.7925)
=Net Margin %*Asset Turnover*Equity Multiplier
=-4.86 %*6.7208*12.8467
=ROA %*Equity Multiplier
=-32.65 %*12.8467
=-419.43 %

Note: The Net Income data used here is four times the quarterly (Dec. 2018) net income data. The Revenue data used here is four times the quarterly (Dec. 2018) 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:

PhoneX Holdings's annulized ROA % for the quarter that ended in Dec. 2018 is

ROA %(Q: Dec. 2018 )
=Net Income/Total Assets
=-3.324/10.181
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-3.324 / 68.424)*(68.424 / 10.181)
=Net Margin %*Asset Turnover
=-4.86 %*6.7208
=-32.65 %

Note: The Net Income data used here is four times the quarterly (Dec. 2018) net income data. The Revenue data used here is four times the quarterly (Dec. 2018) 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.

PhoneX Holdings Asset Turnover Related Terms

PhoneX Holdings Asset Turnover Historical Data

* Premium members only.

The historical data trend for PhoneX Holdings'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.

PhoneX Holdings Asset Turnover Chart

PhoneX Holdings Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.57 1.95 3.80 4.98 5.29

PhoneX Holdings Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
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 1.14 0.89 1.45 1.54 1.68

PXHI vs SMKC, TKAT, VTNLD: Asset Turnover Comparison

For the Internet Retail subindustry, PhoneX Holdings'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.

PhoneX Holdings Asset Turnover vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PhoneX Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where PhoneX Holdings's Asset Turnover falls into.


PhoneX Holdings Asset Turnover Calculation

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

PhoneX Holdings's Asset Turnover for the fiscal year that ended in Dec. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2018 )/( (Total Assets (A: Dec. 2017 )+Total Assets (A: Dec. 2018 ))/ count )
=67.716/( (16.518+9.086)/ 2 )
=67.716/12.802
=5.29

PhoneX Holdings's Asset Turnover for the quarter that ended in Dec. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2018 )/( (Total Assets (Q: Sep. 2018 )+Total Assets (Q: Dec. 2018 ))/ count )
=17.106/( (11.276+9.086)/ 2 )
=17.106/10.181
=1.68

* 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 1.68 mean?
PhoneX Holdings (PXHI) has a Asset Turnover of 1.68 as of Dec. 2018. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on PhoneX Holdings and its competitors.
Is PhoneX Holdings' Asset Turnover too high?
PhoneX Holdings' current Asset Turnover is 1.68.
How does PhoneX Holdings' Asset Turnover compare to SMKC and TKAT?
PhoneX Holdings' Asset Turnover of 1.68 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Asset Turnover depends on the Retail - Cyclical 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 PhoneX Holdings and its competitors. PhoneX Holdings's current Asset Turnover is 1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PhoneX Holdings stock overvalued right now?
PhoneX Holdings (PXHI) has a current Asset Turnover of 1.68. The current Asset Turnover is 1.68. 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 PhoneX Holdings (PXHI), the current Asset Turnover is 1.68 as of Dec. 2018. 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.

PhoneX Holdings Business Description

Address 1422 South Tryon Street, Suite 02-123, Charlotte, NC, USA, 28203
PhoneX Holdings Inc is building the dominant cloud-based, software-as-a-service solution for the wholesale exchange of pre-owned mobile devices. The company works with mobile carriers and mobile handset distributors to facilitate commerce related to pre-owned mobile devices. It operates two distinct models Proprietary Trading Model, through which it purchases devices utilizing its balance sheet via its subsidiary Sell Cellular LLC, and the Platform Partnership Model, through which it enables its partners to license its software via its subsidiary. It generates revenue by licensing its software as a service to third parties.