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Rubean AG (XTER:R1B) Asset Turnover : 0.07 (As of Dec. 2023)


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What is Rubean AG Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Rubean AG's Revenue for the six months ended in Dec. 2023 was €0.83 Mil. Rubean AG's Total Assets for the quarter that ended in Dec. 2023 was €11.72 Mil. Therefore, Rubean AG's Asset Turnover for the quarter that ended in Dec. 2023 was 0.07.

Asset Turnover is linked to ROE % through Du Pont Formula. Rubean AG's annualized ROE % for the quarter that ended in Dec. 2023 was -48.92%. It is also linked to ROA % through Du Pont Formula. Rubean AG's annualized ROA % for the quarter that ended in Dec. 2023 was -26.99%.


Rubean AG Asset Turnover Historical Data

The historical data trend for Rubean AG'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.

Rubean AG Asset Turnover Chart

Rubean AG Annual Data
Trend Oct15 Oct16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only 0.06 0.06 0.07 0.07 0.07

Rubean AG Semi-Annual Data
Oct15 Oct16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover Get a 7-Day Free Trial Premium Member Only 0.06 0.06 0.07 0.07 0.07

Competitive Comparison of Rubean AG's Asset Turnover

For the Software - Infrastructure subindustry, Rubean AG'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.


Rubean AG's Asset Turnover Distribution in the Software Industry

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

* The bar in red indicates where Rubean AG's Asset Turnover falls into.


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Rubean AG Asset Turnover Calculation

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

Rubean AG's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=0.829/( (10.42+13.011)/ 2 )
=0.829/11.7155
=0.07

Rubean AG's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Dec. 2023 ))/ count )
=0.829/( (10.42+13.011)/ 2 )
=0.829/11.7155
=0.07

* 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.


Rubean AG  (XTER:R1B) Asset Turnover Explanation

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

Rubean AG's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-3.162/6.463
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3.162 / 1.658)*(1.658 / 11.7155)*(11.7155/ 6.463)
=Net Margin %*Asset Turnover*Equity Multiplier
=-190.71 %*0.1415*1.8127
=ROA %*Equity Multiplier
=-26.99 %*1.8127
=-48.92 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 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:

Rubean AG's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-3.162/11.7155
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-3.162 / 1.658)*(1.658 / 11.7155)
=Net Margin %*Asset Turnover
=-190.71 %*0.1415
=-26.99 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 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.


Rubean AG Asset Turnover Related Terms

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Rubean AG Business Description

Traded in Other Exchanges
Address
Kistlerhofstrabe 168, Munich, BY, DEU, 81379
Rubean AG develops software for the highest quality and security requirements of banks and all companies that actively participate in electronic payment transactions. Rubean's latest developments in the subsidiary Smart Payment Solutions (SPS) GmbH enable a merchant point-of-sale terminal called PhonePOS as a pure smartphone app. The company's product offerings are PhonePOS, RubeanTag, DRubeans, and RubeanSign. PhonePOS is designed for mobile merchants such as street vendors, fast food stands, hair salons, and others.
Executives
Prof. Stefan Mittnik Supervisory Board
Dr. Peter Von Borch Supervisory Board
Bernd Martin Krohn Supervisory Board
Jochen Pielage Board of Directors

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