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Sprout Tiny Homes (Sprout Tiny Homes) Asset Turnover : 0.51 (As of Mar. 2023)


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What is Sprout Tiny Homes Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Sprout Tiny Homes's Revenue for the three months ended in Mar. 2023 was $1.25 Mil. Sprout Tiny Homes's Total Assets for the quarter that ended in Mar. 2023 was $2.46 Mil. Therefore, Sprout Tiny Homes's Asset Turnover for the quarter that ended in Mar. 2023 was 0.51.

Asset Turnover is linked to ROE % through Du Pont Formula. Sprout Tiny Homes's annualized ROE % for the quarter that ended in Mar. 2023 was 14.53%. It is also linked to ROA % through Du Pont Formula. Sprout Tiny Homes's annualized ROA % for the quarter that ended in Mar. 2023 was -34.30%.


Sprout Tiny Homes Asset Turnover Historical Data

The historical data trend for Sprout Tiny Homes'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.

Sprout Tiny Homes Asset Turnover Chart

Sprout Tiny Homes Annual Data
Trend Dec02 Dec03 Dec04 Dec05 Dec06 Dec18 Dec19 Dec20 Dec21 Dec22
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.35 - - 3.79

Sprout Tiny Homes Quarterly Data
Dec06 Mar07 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 0.12 1.10 0.80 1.60 0.51

Competitive Comparison of Sprout Tiny Homes's Asset Turnover

For the Residential Construction subindustry, Sprout Tiny Homes'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.


Sprout Tiny Homes's Asset Turnover Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Sprout Tiny Homes's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Sprout Tiny Homes's Asset Turnover falls into.



Sprout Tiny Homes Asset Turnover Calculation

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

Sprout Tiny Homes's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=8.351/( (1.917+2.487)/ 2 )
=8.351/2.202
=3.79

Sprout Tiny Homes's Asset Turnover for the quarter that ended in Mar. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Mar. 2023 ))/ count )
=1.252/( (2.487+2.435)/ 2 )
=1.252/2.461
=0.51

* 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.


Sprout Tiny Homes  (OTCPK:STHI) Asset Turnover Explanation

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

Sprout Tiny Homes's annulized ROE % for the quarter that ended in Mar. 2023 is

ROE %**(Q: Mar. 2023 )
=Net Income/Total Stockholders Equity
=-0.844/-5.807
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.844 / 5.008)*(5.008 / 2.461)*(2.461/ -5.807)
=Net Margin %*Asset Turnover*Equity Multiplier
=-16.85 %*2.0349*-0.4238
=ROA %*Equity Multiplier
=-34.30 %*-0.4238
=14.53 %

Note: The Net Income data used here is four times the quarterly (Mar. 2023) net income data. The Revenue data used here is four times the quarterly (Mar. 2023) 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:

Sprout Tiny Homes's annulized ROA % for the quarter that ended in Mar. 2023 is

ROA %(Q: Mar. 2023 )
=Net Income/Total Assets
=-0.844/2.461
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.844 / 5.008)*(5.008 / 2.461)
=Net Margin %*Asset Turnover
=-16.85 %*2.0349
=-34.30 %

Note: The Net Income data used here is four times the quarterly (Mar. 2023) net income data. The Revenue data used here is four times the quarterly (Mar. 2023) 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.


Sprout Tiny Homes Asset Turnover Related Terms

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


Sprout Tiny Homes (Sprout Tiny Homes) Business Description

Traded in Other Exchanges
N/A
Address
822 Hays Circle, Longmont, CO, USA, 80504
Sprout Tiny Homes Inc is in the business of designing, developing, and manufacturing the highest quality affordable housing for individual purchases or tiny/eco-home real estate developments. The company is also engaged in developing its real estate development projects for sustainable living communities. It provides consulting and custom design services to customers that engage the company to build homes.
Executives
J2 Family Lp director, 10 percent owner, officer: CEO 1507 CAPITAL AVENUE 101, PLANO TX 75074
John Edward Rea director, 10 percent owner, officer: CEO
Jaavbr Lp director, 10 percent owner, officer: COO 1507 CAPITAL AVENUE 101, PLANO TX 75074
Bruce Arthur Hall officer: CFO 836 BLUE JAY LANE, COPPELL TX 75019
J Kenneth Dunn director 13760 NOEL ROAD, SUITE 800, DALLAS TX 75229
John N Brobjorg officer: Corporate Controller 1467 LEMAY, SUITE 111, CARROLLTON TX 75007
Rea Brothers Ltd 10 percent owner PO BOX 770, ADDISON TX 77001-0770
Rea Capital Corp 10 percent owner PO BOX 770, ADDISON TX 75001-0770
Marketplace Crafters 10 percent owner PO BOX 770, ADDISON TX 77001-0770
Michael A Jenkins director 1221 RIVERBEND DRIVE SUITE 120, DALLAS TX 75247
Paul S Johnson director 10254 CARRYBACK CIRCLE, DALLAS TX 75229
Edward P Rea director, 10 percent owner
James A Rea director, 10 percent owner, officer: COO 644 QUAIL LANE, COPPELL TX 75019
James A Estill 10 percent owner C/O SYNNEX CORPORATION, 44201 NOBEL DRIVE, FREMONT CA 94538
Kevin L Dahlberg officer: SVP-Finance 7031 INWOOD ROAD, DALLAS TX 75209