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WELL Health Technologies (TSX:WELL) Asset Turnover : 0.16 (As of Sep. 2024)


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What is WELL Health Technologies Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. WELL Health Technologies's Revenue for the three months ended in Sep. 2024 was C$251.7 Mil. WELL Health Technologies's Total Assets for the quarter that ended in Sep. 2024 was C$1,615.4 Mil. Therefore, WELL Health Technologies's Asset Turnover for the quarter that ended in Sep. 2024 was 0.16.

Asset Turnover is linked to ROE % through Du Pont Formula. WELL Health Technologies's annualized ROE % for the quarter that ended in Sep. 2024 was -36.45%. It is also linked to ROA % through Du Pont Formula. WELL Health Technologies's annualized ROA % for the quarter that ended in Sep. 2024 was -20.10%.


WELL Health Technologies Asset Turnover Historical Data

The historical data trend for WELL Health Technologies'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.

WELL Health Technologies Asset Turnover Chart

WELL Health Technologies Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.31 0.39 0.44 0.57

WELL Health Technologies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.16 0.17 0.16 0.16 0.16

Competitive Comparison of WELL Health Technologies's Asset Turnover

For the Medical Care Facilities subindustry, WELL Health Technologies'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.


WELL Health Technologies's Asset Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, WELL Health Technologies's Asset Turnover distribution charts can be found below:

* The bar in red indicates where WELL Health Technologies's Asset Turnover falls into.



WELL Health Technologies Asset Turnover Calculation

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

WELL Health Technologies'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 )
=776.054/( (1319.031+1409.302)/ 2 )
=776.054/1364.1665
=0.57

WELL Health Technologies's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=251.739/( (1637.694+1593.128)/ 2 )
=251.739/1615.411
=0.16

* 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.


WELL Health Technologies  (TSX:WELL) Asset Turnover Explanation

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

WELL Health Technologies's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=-324.768/891.072
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-324.768 / 1006.956)*(1006.956 / 1615.411)*(1615.411/ 891.072)
=Net Margin %*Asset Turnover*Equity Multiplier
=-32.25 %*0.6233*1.8129
=ROA %*Equity Multiplier
=-20.10 %*1.8129
=-36.45 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) 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:

WELL Health Technologies's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=-324.768/1615.411
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-324.768 / 1006.956)*(1006.956 / 1615.411)
=Net Margin %*Asset Turnover
=-32.25 %*0.6233
=-20.10 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) 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.


WELL Health Technologies Asset Turnover Related Terms

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WELL Health Technologies Business Description

Traded in Other Exchanges
Address
375 Water Street, Suite 550, Vancouver, BC, CAN, V6B 5C6
WELL Health Technologies Corp is a practitioner-focused digital healthcare company. It has seven reportable segments that are grouped into three key business units: Canadian Patient Services that includes Primary and Specialized MyHealth. WELL Health USA Patient Services includes Primary Circle Medica, Primary WISP, Specialized CRH Medical, and Specialized Provider Staffing and SaaS and Technology Services. It generates the majority of its revenue from Well Health USA Patient and Provider Services unit.
Executives
Eva Fong Senior Officer
Hamed Shahbazi 10% Security Holder, Director, Senior Officer
John Kim Director
Amir Javidan Senior Officer
Thomas Craig Liston Director
Tara Mccarville Director
Kenneth Anthony Cawkell Director
Sybil E Jen Lau Director
Well Health Technologies Corp. Issuer
Arjun Kumar Senior Officer
Brian Eric Levinkind Director