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RIVF (Rivulet Entertainment) Asset Turnover : 0.00 (As of Mar. 2024)


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What is Rivulet Entertainment Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Rivulet Entertainment's Revenue for the three months ended in Mar. 2024 was $0.00 Mil. Rivulet Entertainment's Total Assets for the quarter that ended in Mar. 2024 was $1.42 Mil. Therefore, Rivulet Entertainment's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Rivulet Entertainment's annualized ROE % for the quarter that ended in Mar. 2024 was 10.29%. It is also linked to ROA % through Du Pont Formula. Rivulet Entertainment's annualized ROA % for the quarter that ended in Mar. 2024 was 8.43%.


Rivulet Entertainment Asset Turnover Historical Data

The historical data trend for Rivulet Entertainment'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.

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Rivulet Entertainment Asset Turnover Chart

Rivulet Entertainment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
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Rivulet Entertainment Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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Competitive Comparison of Rivulet Entertainment's Asset Turnover

For the Software - Application subindustry, Rivulet Entertainment'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.


Rivulet Entertainment's Asset Turnover Distribution in the Software Industry

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

* The bar in red indicates where Rivulet Entertainment's Asset Turnover falls into.


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Rivulet Entertainment Asset Turnover Calculation

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

Rivulet Entertainment's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=0/( (0+0.001)/ 1 )
=0/0.001
=0.00

Rivulet Entertainment'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 )
=0/( (0.001+2.847)/ 2 )
=0/1.424
=0.00

* 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.


Rivulet Entertainment  (OTCPK:RIVF) Asset Turnover Explanation

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

Rivulet Entertainment's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=0.12/1.166
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(0.12 / 0)*(0 / 1.424)*(1.424/ 1.166)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.2213
=ROA %*Equity Multiplier
=8.43 %*1.2213
=10.29 %

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:

Rivulet Entertainment's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=0.12/1.424
=(Net Income / Revenue)*(Revenue / Total Assets)
=(0.12 / 0)*(0 / 1.424)
=Net Margin %*Asset Turnover
= %*0
=8.43 %

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.


Rivulet Entertainment Asset Turnover Related Terms

Thank you for viewing the detailed overview of Rivulet Entertainment's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Rivulet Entertainment Business Description

Traded in Other Exchanges
N/A
Address
7659 E. Wood Drive, Scottsdale, AZ, USA, 85260
Rivulet Entertainment Inc, formerly Advanced Voice Recognition Systems Inc is a software development company that is engaged in creating interface and application solutions for speech recognition technologies. It holds six issued patents and is also involved in patent monetization.
Executives
Blake Thorshov 10 percent owner 1112 SECOND STREET, LOS OSOS CA 93402
Michael Davis other: Consultant 1933 EAST MCDOWELL ROAD, PHOENIX AZ 85006
Joseph Miglietta other: Consultant 10353 EAST SUTTON, SCOTTSDALE AZ 85260
Douglas Holt other: Consultant 1465 EAST TIERRA STREET, GILBERT AZ 85297
Walter Geldenhuys director, 10 percent owner, officer: See Remarks 112 E SPRUCE STREET, MITCHELL SD 57301
Getty Don director 1273 POTTER GREENS DRIVE, EDMONTON A0 T5T 5Y8
Diane Jakowchuk officer: See Remarks 7659 EAST WOOD DRIVE, SCOTTSDALE AZ 85260
Lisa Robin Jacobson director, officer: Secretaty/Treasurer 9 REGAL WAY, SHERWOOD PARK A0 T8A 5N1
Stone Canyon Resources Inc. 10 percent owner 1530 - 9TH AVENUE SE, CALGARY A0 T2G 0T7
Christopher Yee director, 10 percent owner, officer: President #2 - 136 STONECREEK ROAD, CANMORE A0 T1W 3A5
Wally Yee director, 10 percent owner 9716 OAKHILL DRIVE S.W., CALGARY A0 T2V 3W5
Dave Burroughs director, 10 percent owner 11531-15 AVENUE, EDMONTON A0 T6J 7C9
Daniel R Koyich director, officer: Secretary / Treasurer 1451 ACADIA DRIVE S.E., CALGARY A0 T2J 5B1
Scott Koyich 10 percent owner 411 CLEARWATER LANDING SW, CALGARY A0 T3Z 3T8