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Edgewater Wireless Systems (TSXV:YFI) Asset Turnover : 0.00 (As of Jan. 2024)


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What is Edgewater Wireless 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. Edgewater Wireless Systems's Revenue for the three months ended in Jan. 2024 was C$0.00 Mil. Edgewater Wireless Systems's Total Assets for the quarter that ended in Jan. 2024 was C$0.30 Mil. Therefore, Edgewater Wireless Systems's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Edgewater Wireless Systems's annualized ROE % for the quarter that ended in Jan. 2024 was 16.12%. It is also linked to ROA % through Du Pont Formula. Edgewater Wireless Systems's annualized ROA % for the quarter that ended in Jan. 2024 was -122.98%.


Edgewater Wireless Systems Asset Turnover Historical Data

The historical data trend for Edgewater Wireless 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.

* Premium members only.

Edgewater Wireless Systems Asset Turnover Chart

Edgewater Wireless Systems Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.51 - - 0.01 0.02

Edgewater Wireless Systems Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 - 0.02 0.04 - -

Competitive Comparison of Edgewater Wireless Systems's Asset Turnover

For the Communication Equipment subindustry, Edgewater Wireless 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.


Edgewater Wireless Systems's Asset Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Edgewater Wireless Systems's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Edgewater Wireless Systems's Asset Turnover falls into.



Edgewater Wireless Systems Asset Turnover Calculation

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

Edgewater Wireless Systems's Asset Turnover for the fiscal year that ended in Apr. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Apr. 2023 )/( (Total Assets (A: Apr. 2022 )+Total Assets (A: Apr. 2023 ))/ count )
=0.008/( (0.407+0.323)/ 2 )
=0.008/0.365
=0.02

Edgewater Wireless Systems's Asset Turnover for the quarter that ended in Jan. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jan. 2024 )/( (Total Assets (Q: Oct. 2023 )+Total Assets (Q: Jan. 2024 ))/ count )
=0/( (0.254+0.351)/ 2 )
=0/0.3025
=0.00

* 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.


Edgewater Wireless Systems  (TSXV:YFI) Asset Turnover Explanation

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

Edgewater Wireless Systems's annulized ROE % for the quarter that ended in Jan. 2024 is

ROE %**(Q: Jan. 2024 )
=Net Income/Total Stockholders Equity
=-0.372/-2.307
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.372 / 0)*(0 / 0.3025)*(0.3025/ -2.307)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*-0.1311
=ROA %*Equity Multiplier
=-122.98 %*-0.1311
=16.12 %

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

Edgewater Wireless Systems's annulized ROA % for the quarter that ended in Jan. 2024 is

ROA %(Q: Jan. 2024 )
=Net Income/Total Assets
=-0.372/0.3025
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.372 / 0)*(0 / 0.3025)
=Net Margin %*Asset Turnover
= %*0
=-122.98 %

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


Edgewater Wireless Systems Asset Turnover Related Terms

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Edgewater Wireless Systems (TSXV:YFI) Business Description

Traded in Other Exchanges
Address
11 Hines Road, Suite 202, Kanata, ON, CAN, K2K 2X1
Edgewater Wireless Systems Inc is engaged in developing and commercializing edge technologies and intellectual property for the communications market. The company is into Spectrum Slicing technology for residential and commercial markets. It develops Wi-Fi silicon solutions, Access Points, and IP licensing designed to meet the high-density and Edgewater wireless partners. The company derives all of its revenues from a single product segment wireless access points and associated peripheral equipment and services.

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