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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Smartwell Technology's Revenue for the
six
months ended in Dec. 2024 was C$2.48 Mil. Smartwell Technology's Total Assets for the quarter that ended in Dec. 2024 was C$0.68 Mil. Therefore, Smartwell Technology's Asset Turnover for the quarter that ended in Dec. 2024 was 3.65.
Asset Turnover is linked to ROE % through Du Pont Formula. Smartwell Technology's annualizedROE % for the quarter that ended in Dec. 2024 was -602.27%. It is also linked to ROA % through Du Pont Formula. Smartwell Technology's annualizedROA % for the quarter that ended in Dec. 2024 was -234.17%.
Note:
The Net Income data used here is two times the semi-annual (Dec. 2024) net income data. The Revenue data used here is two times the semi-annual (Dec. 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:
Smartwell Technology's annulizedROA % for the quarter that ended in Dec. 2024 is
Note:
The Net Income data used here is two times the semi-annual (Dec. 2024) net income data. The Revenue data used here is two times the semi-annual (Dec. 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.
Smartwell Technology Asset Turnover Related Terms
Smartwell Technology Asset Turnover Historical Data
* Premium members only.
The historical data trend for Smartwell Technology'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.
Smartwell Technology Asset Turnover Chart
Smartwell Technology Annual Data
Trend
Dec22
Dec23
Dec24
Asset Turnover
2.22
3.25
3.65
Smartwell Technology Semi-Annual Data
Dec22
Dec23
Dec24
Asset Turnover
2.22
3.25
3.65
TSXV:SMWE vs : Asset Turnover Comparison
For the Software - Application subindustry, Smartwell Technology'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.
Smartwell Technology Asset Turnover vs Software Industry
For the Software industry and Technology sector, Smartwell Technology's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Smartwell Technology's Asset Turnover falls into.
* 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.
Smartwell Technology (TSXV:SMWE) has a Asset Turnover of 3.65 as of Dec. 2024. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Smartwell Technology and its competitors.
Is Smartwell Technology's Asset Turnover too high?
Smartwell Technology's current Asset Turnover is 3.65. Overall, Smartwell Technology has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Smartwell Technology's Asset Turnover compare to ?
Smartwell Technology's Asset Turnover of 3.65 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 Smartwell Technology and its competitors. Smartwell Technology's current Asset Turnover is 3.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smartwell Technology stock overvalued right now?
Smartwell Technology (TSXV:SMWE) has a current Asset Turnover of 3.65. The current Asset Turnover is 3.65. Smartwell Technology's overall GF Score™ is 8/100. 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 Smartwell Technology (TSXV:SMWE), the current Asset Turnover is 3.65 as of Dec. 2024. 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.
Smartwell Technology Inc is a Canadian company that specializes in the field of smart agriculture. The company's technologies include crop growth models, satellite image recognition algorithms, and machine learning-based optimization. The company offers two main product lines through the Controlled Environment Agriculture (CEA) system, which consists of hardware and software. The hardware includes various sensors deployed in soil, air, and crops and automation control devices within the greenhouse. The software includes the company's proprietary digital twin plant growth models, data analysis and control systems.
8GF Score
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