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Samsara Luggage (Samsara Luggage) Asset Turnover : 0.17 (As of Mar. 2024)


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What is Samsara Luggage Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Samsara Luggage's Revenue for the three months ended in Mar. 2024 was $1.10 Mil. Samsara Luggage's Total Assets for the quarter that ended in Mar. 2024 was $6.37 Mil. Therefore, Samsara Luggage's Asset Turnover for the quarter that ended in Mar. 2024 was 0.17.

Asset Turnover is linked to ROE % through Du Pont Formula. Samsara Luggage's annualized ROE % for the quarter that ended in Mar. 2024 was -192.08%. It is also linked to ROA % through Du Pont Formula. Samsara Luggage's annualized ROA % for the quarter that ended in Mar. 2024 was -62.79%.


Samsara Luggage Asset Turnover Historical Data

The historical data trend for Samsara Luggage'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.

Samsara Luggage Asset Turnover Chart

Samsara Luggage Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.11 0.58 1.77 2.02

Samsara Luggage Quarterly Data
Apr19 Jul19 Dec19 Mar20 Jun20 Sep20 Dec20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.89 0.52 0.06 0.05 0.17

Competitive Comparison of Samsara Luggage's Asset Turnover

For the Footwear & Accessories subindustry, Samsara Luggage'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.


Samsara Luggage's Asset Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Samsara Luggage's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Samsara Luggage's Asset Turnover falls into.



Samsara Luggage Asset Turnover Calculation

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

Samsara Luggage'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 )
=0.361/( (0.345+0.012)/ 2 )
=0.361/0.1785
=2.02

Samsara Luggage'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 )
=1.099/( (0.012+12.729)/ 2 )
=1.099/6.3705
=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.


Samsara Luggage  (OTCPK:SAML) Asset Turnover Explanation

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

Samsara Luggage's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-4/2.0825
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-4 / 4.396)*(4.396 / 6.3705)*(6.3705/ 2.0825)
=Net Margin %*Asset Turnover*Equity Multiplier
=-90.99 %*0.6901*3.0591
=ROA %*Equity Multiplier
=-62.79 %*3.0591
=-192.08 %

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:

Samsara Luggage's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-4/6.3705
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-4 / 4.396)*(4.396 / 6.3705)
=Net Margin %*Asset Turnover
=-90.99 %*0.6901
=-62.79 %

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.


Samsara Luggage Asset Turnover Related Terms

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Samsara Luggage (Samsara Luggage) Business Description

Traded in Other Exchanges
N/A
Address
135 East 57th Street, Suite 18-130, New York, NY, USA, 10022
Samsara Luggage Inc designs manufactures and sells high-quality luggage products to meet the evolving needs of travelers. The company generates revenues through the sale and distribution of smart luggage products.
Executives
Atara Dzikowski director, 10 percent owner, officer: Chief Executive Officer YITZCHAK RABIN STREET 16, KIRYAT ONO L3 5551021
David Dahan director, 10 percent owner, officer: Chief Technical Officer YITZCHAK RABIN STREET 16, KIRYAT ONO L3 5551021
Chizkiyahu Lapin director 5 ARIEL STREET, JERUSALEM L3 000000
Avraham Bengio director, 10 percent owner, officer: See Remarks 7 ELIEZRI STREET, JERUSALEUM L3 00000
Israel Chaim Povarksy director, officer: Secretary 17 AGRIPPAS STREET, JERUSALEM L3 00000