VSST (Voice Assist) Asset Turnover: 0.14 (As of Sep. 2013)


What is Voice Assist Asset Turnover?

Voice Assist VSST -19.64% Asset Turnover is 0.14 as of Sep. 2013.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Voice Assist's Revenue for the three months ended in Sep. 2013 was $0.05 Mil. Voice Assist's Total Assets for the quarter that ended in Sep. 2013 was $0.32 Mil. Therefore, Voice Assist's Asset Turnover for the quarter that ended in Sep. 2013 was 0.14.

Asset Turnover is linked to ROE % through Du Pont Formula. Voice Assist's annualized ROE % for the quarter that ended in Sep. 2013 was 184.35%. It is also linked to ROA % through Du Pont Formula. Voice Assist's annualized ROA % for the quarter that ended in Sep. 2013 was -735.70%.

Voice Assist  (OTCPK:VSST) Asset Turnover Explanation

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

Voice Assist's annulized ROE % for the quarter that ended in Sep. 2013 is

ROE %**(Q: Sep. 2013 )
=Net Income/Total Stockholders Equity
=-2.38/-1.291
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-2.38 / 0.18)*(0.18 / 0.3235)*(0.3235/ -1.291)
=Net Margin %*Asset Turnover*Equity Multiplier
=-1322.22 %*0.5564*-0.2506
=ROA %*Equity Multiplier
=-735.70 %*-0.2506
=184.35 %

Note: The Net Income data used here is four times the quarterly (Sep. 2013) net income data. The Revenue data used here is four times the quarterly (Sep. 2013) 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:

Voice Assist's annulized ROA % for the quarter that ended in Sep. 2013 is

ROA %(Q: Sep. 2013 )
=Net Income/Total Assets
=-2.38/0.3235
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-2.38 / 0.18)*(0.18 / 0.3235)
=Net Margin %*Asset Turnover
=-1322.22 %*0.5564
=-735.70 %

Note: The Net Income data used here is four times the quarterly (Sep. 2013) net income data. The Revenue data used here is four times the quarterly (Sep. 2013) 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.

Voice Assist Asset Turnover Related Terms

Voice Assist Asset Turnover Historical Data

* Premium members only.

The historical data trend for Voice Assist'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.

Voice Assist Asset Turnover Chart

Voice Assist Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12
Asset Turnover
1.50 2.11 1.18 0.71 0.67

Voice Assist Quarterly Data
Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13
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 0.14 0.18 0.13 0.19 0.14

VSST vs FULO, DIRV, TOWTF: Asset Turnover Comparison

For the Software - Application subindustry, Voice Assist'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.

Voice Assist Asset Turnover vs Software Industry

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

* The bar in red indicates where Voice Assist's Asset Turnover falls into.


Voice Assist Asset Turnover Calculation

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

Voice Assist's Asset Turnover for the fiscal year that ended in Dec. 2012 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2012 )/( (Total Assets (A: Dec. 2011 )+Total Assets (A: Dec. 2012 ))/ count )
=0.565/( (1.089+0.6)/ 2 )
=0.565/0.8445
=0.67

Voice Assist's Asset Turnover for the quarter that ended in Sep. 2013 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2013 )/( (Total Assets (Q: Jun. 2013 )+Total Assets (Q: Sep. 2013 ))/ count )
=0.045/( (0.339+0.308)/ 2 )
=0.045/0.3235
=0.14

* 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 0.14 mean?
Voice Assist (VSST) has a Asset Turnover of 0.14 as of Sep. 2013. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Voice Assist and its competitors.
Is Voice Assist's Asset Turnover too high?
Voice Assist's current Asset Turnover is 0.14.
How does Voice Assist's Asset Turnover compare to FULO and DIRV?
Voice Assist's Asset Turnover of 0.14 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 Voice Assist and its competitors. Voice Assist's current Asset Turnover is 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Voice Assist stock overvalued right now?
Voice Assist (VSST) has a current Asset Turnover of 0.14. The current Asset Turnover is 0.14. 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 Voice Assist (VSST), the current Asset Turnover is 0.14 as of Sep. 2013. 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.

Voice Assist Business Description

Address Raoul Wallenberg Street 20, Tel Aviv, ISR, 6971916
Voice Assist Inc provides hosted software services used by small business clients and individual salespeople and/or mobile professionals. Its technology originally focused on the use of voice commands to text, email, tweet, post, call, retrieve messages, manage communications and interact with CRM services by allowing them to read, write to databases by voice. The company is currently considering the completion and distribution of a music composition app. In addition, the company also holds an option to purchase 3 placer gold mining claims in the Spring Valley Mining District, Pershing County, Nevada.