Comprehensive Healthcare Systems (TSXV:CHS) Asset Turnover : 0.71 (As of Sep. 2023)

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What is Comprehensive Healthcare Systems Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Comprehensive Healthcare Systems's Revenue for the three months ended in Sep. 2023 was C$1.33 Mil. Comprehensive Healthcare Systems's Total Assets for the quarter that ended in Sep. 2023 was C$1.87 Mil. Therefore, Comprehensive Healthcare Systems's Asset Turnover for the quarter that ended in Sep. 2023 was 0.71.

Asset Turnover is linked to ROE % through Du Pont Formula. Comprehensive Healthcare Systems's annualized ROE % for the quarter that ended in Sep. 2023 was 88.62%. It is also linked to ROA % through Du Pont Formula. Comprehensive Healthcare Systems's annualized ROA % for the quarter that ended in Sep. 2023 was -324.87%.

Comprehensive Healthcare Systems Asset Turnover Historical Data

The historical data trend for Comprehensive Healthcare Systems'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.

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Comprehensive Healthcare Systems Asset Turnover Chart

Comprehensive Healthcare Systems Annual Data

Trend

Jan19

Jan20

Jan21

Dec22

Asset Turnover

3.64

Comprehensive Healthcare Systems Quarterly Data
	Oct18	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Asset Turnover	Get a 7-Day Free Trial														0.71	0.68	0.53	0.56	0.71

Competitive Comparison of Comprehensive Healthcare Systems's Asset Turnover

For the Health Information Services subindustry, Comprehensive Healthcare Systems'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.

Comprehensive Healthcare Systems's Asset Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Comprehensive Healthcare Systems's Asset Turnover falls into.

Comprehensive Healthcare Systems Asset Turnover Calculation

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

Comprehensive Healthcare Systems'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: Jan. 2021 )	+	Total Assets (A: Dec. 2022 ))	/ count )
=	5.848	/	( (0.351	+	2.866)	/ 2 )
=	5.848	/	1.6085
=	3.64

Comprehensive Healthcare Systems'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 )
=	1.327	/	( (1.802	+	1.946)	/ 2 )
=	1.327	/	1.874
=	0.71

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.

Comprehensive Healthcare Systems (TSXV:CHS) Asset Turnover Explanation

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

Comprehensive Healthcare Systems's annulized ROE % for the quarter that ended in Sep. 2023 is

	ROE %^**		(Q: Sep. 2023 )
=	Net Income	/	Total Stockholders Equity
=	-6.088	/	-6.87
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-6.088 / 5.308)	*	(5.308 / 1.874)	*	(1.874/ -6.87)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-114.69 %	*	2.8324	*	-0.2728
=	ROA %	*	Equity Multiplier
=	-324.87 %	*	-0.2728
=	88.62 %

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.

^** 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:

Comprehensive Healthcare Systems's annulized ROA % for the quarter that ended in Sep. 2023 is

	ROA %		(Q: Sep. 2023 )
=	Net Income	/	Total Assets
=	-6.088	/	1.874
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-6.088 / 5.308)	*	(5.308 / 1.874)
=	Net Margin %	*	Asset Turnover
=	-114.69 %	*	2.8324
=	-324.87 %

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.

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.

Comprehensive Healthcare Systems Asset Turnover Related Terms

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