TIOG (Tingo Group) Asset Turnover: 0.32 (As of Sep. 2023)


TIOG Tingo Group Inc TIOG
16 GF Score
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What is Tingo Group Asset Turnover?

Tingo Group TIOG 16 Asset Turnover is 0.32 as of Sep. 2023. GuruFocus rates TIOG with a GF Score™ of 16/100.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Tingo Group's Revenue for the three months ended in Sep. 2023 was $586 Mil. Tingo Group's Total Assets for the quarter that ended in Sep. 2023 was $1,807 Mil. Therefore, Tingo Group's Asset Turnover for the quarter that ended in Sep. 2023 was 0.32.

Asset Turnover is linked to ROE % through Du Pont Formula. Tingo Group's annualized ROE % for the quarter that ended in Sep. 2023 was 14.77%. It is also linked to ROA % through Du Pont Formula. Tingo Group's annualized ROA % for the quarter that ended in Sep. 2023 was 4.59%.

Tingo Group  (OTCPK:TIOG) Asset Turnover Explanation

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

Tingo Group's annulized ROE % for the quarter that ended in Sep. 2023 is

ROE %**(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=82.98/561.9035
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(82.98 / 2344.888)*(2344.888 / 1807.1745)*(1807.1745/ 561.9035)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.54 %*1.2975*3.2162
=ROA %*Equity Multiplier
=4.59 %*3.2162
=14.77 %

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:

Tingo Group's annulized ROA % for the quarter that ended in Sep. 2023 is

ROA %(Q: Sep. 2023 )
=Net Income/Total Assets
=82.98/1807.1745
=(Net Income / Revenue)*(Revenue / Total Assets)
=(82.98 / 2344.888)*(2344.888 / 1807.1745)
=Net Margin %*Asset Turnover
=3.54 %*1.2975
=4.59 %

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.

Tingo Group Asset Turnover Related Terms

Tingo Group Asset Turnover Historical Data

* Premium members only.

The historical data trend for Tingo Group'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.

Tingo Group Asset Turnover Chart

Tingo Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.71 0.06 0.03 0.44 0.16

Tingo Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.09 0.12 0.42 0.48 0.32

TIOG vs AMJT, TRAK, PSQH: Asset Turnover Comparison

For the Software - Application subindustry, Tingo Group'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.

Tingo Group Asset Turnover vs Software Industry

For the Software industry and Technology sector, Tingo Group's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Tingo Group's Asset Turnover falls into.


TIOG
16GF Score
Tingo Group Inc TIOG
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Tingo Group Asset Turnover Calculation

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

Tingo Group'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 )
=146.035/( (177.811+1682.358)/ 2 )
=146.035/930.0845
=0.16

Tingo Group'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 )
=586.222/( (1685.188+1929.161)/ 2 )
=586.222/1807.1745
=0.32

* 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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.32 mean?
Tingo Group (TIOG) has a Asset Turnover of 0.32 as of Sep. 2023. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Tingo Group and its competitors.
Is Tingo Group's Asset Turnover too high?
Tingo Group's current Asset Turnover is 0.32. Overall, Tingo Group has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Tingo Group's Asset Turnover compare to AMJT and TRAK?
Tingo Group's Asset Turnover of 0.32 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Software company?
A good Asset Turnover depends on the Software industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Tingo Group and its competitors. Tingo Group's current Asset Turnover is 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tingo Group stock overvalued right now?
Tingo Group (TIOG) has a current Asset Turnover of 0.32. The current Asset Turnover is 0.32. Tingo Group's overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Tingo Group (TIOG), the current Asset Turnover is 0.32 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Tingo Group Business Description

Address 28 West Grand Avenue, Suite 3, Montvale, NJ, USA, 07645
Tingo Group Inc is a financial technology business focusing on the growth and development technology company currently selling insurance products across various cities in China, with planned expansion into additional markets. Tingo Group has developed scalable proprietary platforms for insurance products and financial services and products, the technology for which is adaptable for other applications and markets. It is a Fintech and Agri-Fintech group of companies with operations in Africa, Southeast Asia and the Middle East.
16GF Score

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Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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