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Sizzle Acquisition (Sizzle Acquisition) Asset Turnover : 0.00 (As of Sep. 2023)


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What is Sizzle Acquisition Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Sizzle Acquisition's Revenue for the three months ended in Sep. 2023 was $0.00 Mil. Sizzle Acquisition's Total Assets for the quarter that ended in Sep. 2023 was $40.66 Mil. Therefore, Sizzle Acquisition's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Sizzle Acquisition's annualized ROE % for the quarter that ended in Sep. 2023 was -2.45%. It is also linked to ROA % through Du Pont Formula. Sizzle Acquisition's annualized ROA % for the quarter that ended in Sep. 2023 was -1.67%.


Sizzle Acquisition Asset Turnover Historical Data

The historical data trend for Sizzle Acquisition'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.

Sizzle Acquisition Asset Turnover Chart

Sizzle Acquisition Annual Data
Trend Dec20 Dec21 Dec22
Asset Turnover
- - -

Sizzle Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Sizzle Acquisition's Asset Turnover

For the Shell Companies subindustry, Sizzle Acquisition'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.


Sizzle Acquisition's Asset Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Sizzle Acquisition's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Sizzle Acquisition's Asset Turnover falls into.



Sizzle Acquisition Asset Turnover Calculation

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

Sizzle Acquisition'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 )
=0/( (159.553+160.644)/ 2 )
=0/160.0985
=0.00

Sizzle Acquisition's Asset Turnover for the quarter that ended in Sep. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=0/( (47.542+33.77)/ 2 )
=0/40.656
=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.


Sizzle Acquisition  (NAS:SZZL) Asset Turnover Explanation

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

Sizzle Acquisition's annulized ROE % for the quarter that ended in Sep. 2023 is

ROE %**(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=-0.68/27.7155
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.68 / 0)*(0 / 40.656)*(40.656/ 27.7155)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.4669
=ROA %*Equity Multiplier
=-1.67 %*1.4669
=-2.45 %

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

Sizzle Acquisition's annulized ROA % for the quarter that ended in Sep. 2023 is

ROA %(Q: Sep. 2023 )
=Net Income/Total Assets
=-0.68/40.656
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.68 / 0)*(0 / 40.656)
=Net Margin %*Asset Turnover
= %*0
=-1.67 %

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


Sizzle Acquisition Asset Turnover Related Terms

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Sizzle Acquisition (Sizzle Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
4201 Georgia Avenue NW, Washington, DC, USA, 20011
Sizzle Acquisition Corp is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses.
Executives
Warren M Thompson director 4951 LAKE BROOK DRIVE, SUITE 500, GLEN ALLEN VA 23060
Jamieson Karson director, 10 percent owner C/O STEVEN MADDEN LTD, 52 16 BARNETT AVENUE, LONG ISLAND CITY NY 11104
Karen A Kelley director 6475 CHRISTIE AVENUE, SUITE 150, EMERYVILLE CA 94608
Vo Sponsor, Llc 10 percent owner 4201 GEORGIA AVE NW, WASHINGTON DC 20011
Daniel Christopher Lee officer: Head of Business Development 4201 GEORGIA AVENUE NW, WASHINGTON DC 20011
Steve Salis director, 10 percent owner, officer: Chief Executive Officer 4201 GEORGIA AVENUE NW, WASHINGTON DC 20011
David Perlin director 4201 GEORGIA AVENUE NW, WASHINGTON DC 20011
Nestor Nova officer: CFO & Secretary 4201 GEORGIA AVENUE NW, WASHINGTON DC 20011

Sizzle Acquisition (Sizzle Acquisition) Headlines

From GuruFocus

Sizzle Acquisition Corp (SZZLU) CEO Steve Salis Bought $7.2 million of Shares

By GuruFocus Research GuruFocus Editor 11-11-2021