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Sundance Strategies (Sundance Strategies) Asset Turnover : 0.00 (As of Dec. 2023)


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What is Sundance Strategies Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Sundance Strategies's Revenue for the three months ended in Dec. 2023 was $0.00 Mil. Sundance Strategies's Total Assets for the quarter that ended in Dec. 2023 was $0.39 Mil. Therefore, Sundance Strategies's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Sundance Strategies's annualized ROE % for the quarter that ended in Dec. 2023 was 25.40%. It is also linked to ROA % through Du Pont Formula. Sundance Strategies's annualized ROA % for the quarter that ended in Dec. 2023 was -377.14%.


Sundance Strategies Asset Turnover Historical Data

The historical data trend for Sundance Strategies'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.

Sundance Strategies Asset Turnover Chart

Sundance Strategies Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Asset Turnover
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Sundance Strategies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Sundance Strategies's Asset Turnover

For the Insurance - Diversified subindustry, Sundance Strategies'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.


Sundance Strategies's Asset Turnover Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Sundance Strategies's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Sundance Strategies's Asset Turnover falls into.



Sundance Strategies Asset Turnover Calculation

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

Sundance Strategies's Asset Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2023 )/( (Total Assets (A: Mar. 2022 )+Total Assets (A: Mar. 2023 ))/ count )
=0/( (0.276+0.009)/ 2 )
=0/0.1425
=0.00

Sundance Strategies's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=0/( (0.201+0.569)/ 2 )
=0/0.385
=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.


Sundance Strategies  (OTCPK:SUND) Asset Turnover Explanation

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

Sundance Strategies's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-1.452/-5.716
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1.452 / 0)*(0 / 0.385)*(0.385/ -5.716)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*-0.0674
=ROA %*Equity Multiplier
=-377.14 %*-0.0674
=25.40 %

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

Sundance Strategies's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-1.452/0.385
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.452 / 0)*(0 / 0.385)
=Net Margin %*Asset Turnover
= %*0
=-377.14 %

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


Sundance Strategies Asset Turnover Related Terms

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


Sundance Strategies (Sundance Strategies) Business Description

Traded in Other Exchanges
N/A
Address
4626 North 300 West, Suite No. 365, Provo, UT, USA, 84604
Sundance Strategies Inc is a specialty financial services company. It is engaged in the business of purchasing or acquiring life insurance policies and residual interests in or financial products tied to life insurance policies and residual interests involving life insurance policies and financial products. The company focuses on the purchase and sale of net insurance benefit contracts (NIB) based on life insurance policies.
Executives
Randall F. Pearson director, officer: President 770 S. PALISADE DR., OREM UT 84097
Kraig Higginson director 2296 NORTH 470 E, PROVO UT 84604
Matthew G. Pearson officer: Chief Operating Officer P.O. BOX 680518, PARK CITY UT 84068
Ty D. Mattingly director, 10 percent owner 22 WEST 620 SOUTH, OREM UT 84058
Glenn S. Dickman director, officer: Secretary 13559 TUSCALEE WAY, DRAPER UT 84020
Mitchell D. Burton 10 percent owner 1343 S. 1100 E., OREM UT 84097
Jonathan Craig Moffitt director, officer: President and CEO 4626 NORTH 300 WEST, SUITE 375, PROVO UT 84604
Del R. Higginson director, officer: CFO, Secretary and Treasurer 11148 NORTH SUNFLOWER DRIVE, HIGHLAND UT 84003
Kelly Trimble 10 percent owner 4685 HIGHLAND DRIVE, SUITE #207, SALT LAKE CITY UT 84117
Mark C Burdge director, 10 percent owner 815 EAST OSMOND LANE, PROVO UT 84604
Howard Abrams director, officer: CEO and CFO
Mark Sansom other: No longer a 10% holder 4061 POWER CIRCLE, SALT LAKE CITY UT 84124
Globe Energy Technologies, Llc 10 percent owner 5055 N. EDGEWOOD DR, PO BOX 222, PROVE UT 84604
Lance Musicant director, 10 percent owner, officer: President,CFO, CEO 5017 WILD BUFFALO AVE, LAS VEGAS NV 89131
Allen Musicant director, 10 percent owner, officer: Vice President 5017 WILD BUFFALO AVE, LAS VEGAS NV 89131