GURUFOCUS.COM » STOCK LIST » Technology » Software » FalconStor Software Inc (OTCPK:FALC) » Definitions » Asset Turnover

FalconStor Software (FalconStor Software) Asset Turnover : 0.25 (As of Jun. 2023)


View and export this data going back to 2001. Start your Free Trial

What is FalconStor Software Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. FalconStor Software's Revenue for the three months ended in Jun. 2023 was $2.37 Mil. FalconStor Software's Total Assets for the quarter that ended in Jun. 2023 was $9.37 Mil. Therefore, FalconStor Software's Asset Turnover for the quarter that ended in Jun. 2023 was 0.25.

Asset Turnover is linked to ROE % through Du Pont Formula. FalconStor Software's annualized ROE % for the quarter that ended in Jun. 2023 was 165.96%. It is also linked to ROA % through Du Pont Formula. FalconStor Software's annualized ROA % for the quarter that ended in Jun. 2023 was -19.51%.


FalconStor Software Asset Turnover Historical Data

The historical data trend for FalconStor Software'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.

FalconStor Software Asset Turnover Chart

FalconStor Software Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.04 1.01 1.07 0.88 1.03

FalconStor Software Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23
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 0.31 0.25 0.23 0.25 -

Competitive Comparison of FalconStor Software's Asset Turnover

For the Software - Application subindustry, FalconStor Software'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.


FalconStor Software's Asset Turnover Distribution in the Software Industry

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

* The bar in red indicates where FalconStor Software's Asset Turnover falls into.



FalconStor Software Asset Turnover Calculation

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

FalconStor Software'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 )
=11.599/( (10.17+12.277)/ 2 )
=11.599/11.2235
=1.03

FalconStor Software's Asset Turnover for the quarter that ended in Jun. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2023 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Jun. 2023 ))/ count )
=2.371/( (9.517+9.218)/ 2 )
=2.371/9.3675
=0.25

* 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.


FalconStor Software  (OTCPK:FALC) Asset Turnover Explanation

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

FalconStor Software's annulized ROE % for the quarter that ended in Jun. 2023 is

ROE %**(Q: Jun. 2023 )
=Net Income/Total Stockholders Equity
=-1.828/-1.1015
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1.828 / 9.484)*(9.484 / 9.3675)*(9.3675/ -1.1015)
=Net Margin %*Asset Turnover*Equity Multiplier
=-19.27 %*1.0124*-8.5043
=ROA %*Equity Multiplier
=-19.51 %*-8.5043
=165.96 %

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:

FalconStor Software's annulized ROA % for the quarter that ended in Jun. 2023 is

ROA %(Q: Jun. 2023 )
=Net Income/Total Assets
=-1.828/9.3675
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.828 / 9.484)*(9.484 / 9.3675)
=Net Margin %*Asset Turnover
=-19.27 %*1.0124
=-19.51 %

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.


FalconStor Software Asset Turnover Related Terms

Thank you for viewing the detailed overview of FalconStor Software's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


FalconStor Software (FalconStor Software) Business Description

Traded in Other Exchanges
N/A
Address
501 Congress Avenue, Suite 150, Austin, TX, USA, 78701
FalconStor Software Inc operates in the trusted data protection software industry. The company enables enterprise customers and managed service providers to secure, migrate, and protect their data while reducing data storage and long-term retention costs. The products are offered through and supported by a worldwide network of managed service providers, systems integrators, resellers, and original equipment manufacturers. It's software products create investment protection, flexibility, and leverage of modern cloud-based technologies, through software-defined functionality that provides backup and long-term retention, and business continuity driven data replication. The company's geographical markets are the Americas, Asia Pacific, Europe, Middle East, Africa and Others.
Executives
Robert Todd Brooks officer: Chief Executive Officer C/O NOVATION COMPANIES, INC., 2 HUNTINGTON QUADRANGLE, SUITE 2S01, MELVILLE NY 11747
Vincent Sita officer: Chief Financial Officer C/O FALCONSTOR SOFTWARE, INC., 701 BRAZOS STREET, SUITE 400, AUSTIN TX 78701
Michael P Kelly director
Brad Wolfe officer: Chief Financial Officer C/O FALCONSTOR SOFTWARE, INC., 701 BRAZOS STREET, SUITE 400, AUSTIN TX 78701
Hcp-fva, Llc director, 10 percent owner 17 STATE STREET, SUITE 3230, NEW YORK NY 10004
Esw Capital, Llc 10 percent owner 401 CONGRESS AVENUE, SUITE 2650, AUSTIN TX 78701
Joseph Liemandt 10 percent owner 5001 PLAZA ON THE LAKE, AUSTIN TX 78746
Patrick Mcclain officer: EVP, CFO & Treasurer C/O FALCONSTOR SOFTWARE, INC., 2 HUNTINGTON QUADRANGLE, SUITE 2S01, MELVILLE NY 11747
Todd Oseth officer: CEO & President C/O MCDATA CORPORATION, 380 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
William D Miller director
Barry Rudolph director 1351 S SUNSET STREET, LONGMONT CO 80501
Daniel Murale officer: VP of Finance & Interim CFO C/O FALCONSTOR SOFTWARE, INC., 2 HUNTINGTON QUADRANGLE, SUITE 2S01, MELVILLE NY 11747
Gary Quinn officer: COO and EVP C/O COMPUTER ASSOCIATES INTER INC, ONE COMPUTER ASSOC PLAZA, ISLANDIA NY 11749
Alan Komet officer: EVP Worldwide Field Operations 2 HUNTINGTON QUADRANGLE, MELVILLE NY 11747
Hale Martin M Jr director, 10 percent owner