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Tornado Global Hydrovacs (Tornado Global Hydrovacs) Asset Turnover : 0.71 (As of Dec. 2023)


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What is Tornado Global Hydrovacs Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Tornado Global Hydrovacs's Revenue for the three months ended in Dec. 2023 was $24.86 Mil. Tornado Global Hydrovacs's Total Assets for the quarter that ended in Dec. 2023 was $35.07 Mil. Therefore, Tornado Global Hydrovacs's Asset Turnover for the quarter that ended in Dec. 2023 was 0.71.

Asset Turnover is linked to ROE % through Du Pont Formula. Tornado Global Hydrovacs's annualized ROE % for the quarter that ended in Dec. 2023 was 83.18%. It is also linked to ROA % through Du Pont Formula. Tornado Global Hydrovacs's annualized ROA % for the quarter that ended in Dec. 2023 was 38.76%.


Tornado Global Hydrovacs Asset Turnover Historical Data

The historical data trend for Tornado Global Hydrovacs'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.

Tornado Global Hydrovacs Asset Turnover Chart

Tornado Global Hydrovacs Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only 2.05 1.21 1.24 1.77 2.41

Tornado Global Hydrovacs Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.56 0.49 0.53 0.58 0.71

Competitive Comparison of Tornado Global Hydrovacs's Asset Turnover

For the Farm & Heavy Construction Machinery subindustry, Tornado Global Hydrovacs'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.


Tornado Global Hydrovacs's Asset Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tornado Global Hydrovacs's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Tornado Global Hydrovacs's Asset Turnover falls into.



Tornado Global Hydrovacs Asset Turnover Calculation

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

Tornado Global Hydrovacs'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 )
=78.271/( (29.816+35.183)/ 2 )
=78.271/32.4995
=2.41

Tornado Global Hydrovacs'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 )
=24.859/( (34.95+35.183)/ 2 )
=24.859/35.0665
=0.71

* 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.


Tornado Global Hydrovacs  (OTCPK:TGHLF) Asset Turnover Explanation

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

Tornado Global Hydrovacs's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=13.592/16.341
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(13.592 / 99.436)*(99.436 / 35.0665)*(35.0665/ 16.341)
=Net Margin %*Asset Turnover*Equity Multiplier
=13.67 %*2.8356*2.1459
=ROA %*Equity Multiplier
=38.76 %*2.1459
=83.18 %

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:

Tornado Global Hydrovacs's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=13.592/35.0665
=(Net Income / Revenue)*(Revenue / Total Assets)
=(13.592 / 99.436)*(99.436 / 35.0665)
=Net Margin %*Asset Turnover
=13.67 %*2.8356
=38.76 %

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.


Tornado Global Hydrovacs Asset Turnover Related Terms

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Tornado Global Hydrovacs (Tornado Global Hydrovacs) Business Description

Traded in Other Exchanges
Address
7015 MacLeod Trail South West, Suite 510, Calgary, AB, CAN, T2H 2K6
Tornado Global Hydrovacs Ltd is a truck manufacturer. The company, through its subsidiaries, designs, fabricates, manufactures, and sells hydrovac trucks to excavation service providers in the municipal and oil and gas markets in North America and has expanded into China. It has two geographic operating segments, North American manufacturing and sales operations, and its China operation. The majority of its revenue is derived from the North American manufacturing segment.

Tornado Global Hydrovacs (Tornado Global Hydrovacs) Headlines

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