Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. The Alkaline Water Co's Revenue for the
three
months ended in Jun. 2023 was $14.93 Mil. The Alkaline Water Co's Total Assets for the quarter that ended in Jun. 2023 was $16.62 Mil. Therefore, The Alkaline Water Co's Asset Turnover for the quarter that ended in Jun. 2023 was 0.90.
Asset Turnover is linked to ROE % through Du Pont Formula. The Alkaline Water Co's annualizedROE % for the quarter that ended in Jun. 2023 was 169.46%. It is also linked to ROA % through Du Pont Formula. The Alkaline Water Co's annualizedROA % for the quarter that ended in Jun. 2023 was -68.39%.
The Alkaline Water Co (OTCPK:WTER) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
The Alkaline Water Co's annulizedROE % for the quarter that ended in Jun. 2023 is
Note:
The Net Income data used here is four times the quarterly (Jun. 2023) net income data. The Revenue data used here is four times the quarterly (Jun. 2023) 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:
The Alkaline Water Co's annulizedROA % for the quarter that ended in Jun. 2023 is
Note:
The Net Income data used here is four times the quarterly (Jun. 2023) net income data. The Revenue data used here is four times the quarterly (Jun. 2023) 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.
The Alkaline Water Co Asset Turnover Related Terms
The Alkaline Water Co Asset Turnover Historical Data
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The historical data trend for The Alkaline Water Co'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.
WTER vs PSCBF, ASII, REED: Asset Turnover Comparison
For the Beverages - Non-Alcoholic subindustry, The Alkaline Water Co'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.
The Alkaline Water Co Asset Turnover vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, The Alkaline Water Co's Asset Turnover distribution charts can be found below:
* The bar in red indicates where The Alkaline Water Co'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.
The Alkaline Water Co (WTER) has a Asset Turnover of 0.90 as of Jun. 2023. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on The Alkaline Water Co and its competitors.
Is The Alkaline Water Co's Asset Turnover too high?
The Alkaline Water Co's current Asset Turnover is 0.90. Overall, The Alkaline Water Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does The Alkaline Water Co's Asset Turnover compare to PSCBF and ASII?
The Alkaline Water Co's Asset Turnover of 0.90 can be compared against companies in the Beverages - Non-Alcoholic 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 Beverages - Non-Alcoholic company?
A good Asset Turnover depends on the Beverages - Non-Alcoholic 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 The Alkaline Water Co and its competitors. The Alkaline Water Co's current Asset Turnover is 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Alkaline Water Co stock overvalued right now?
The Alkaline Water Co (WTER) has a current Asset Turnover of 0.90. The current Asset Turnover is 0.90. The Alkaline Water Co's overall GF Score™ is 12/100. 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 The Alkaline Water Co (WTER), the current Asset Turnover is 0.90 as of Jun. 2023. 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.
The Alkaline Water Co Inc is engaged in the business of distributing and marketing bottled alkaline water for retail consumers of different sizes. The firm sells its product in 500ml, 700ml, 1-liter, 1.5-liter 3-liter, and 1-gallon sizes. Its only operating geographical segment being the United States of America. The company sells its product to convenience stores, natural food products stores, large ethnic markets, and national retailers.
12GF Score
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