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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. GD Culture Group's Revenue for the three months ended in Mar. 2024 was $0.00 Mil. GD Culture Group's Total Assets for the quarter that ended in Mar. 2024 was $12.64 Mil. Therefore, GD Culture Group's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.
Asset Turnover is linked to ROE % through Du Pont Formula. GD Culture Group's annualized ROE % for the quarter that ended in Mar. 2024 was -189.12%. It is also linked to ROA % through Du Pont Formula. GD Culture Group's annualized ROA % for the quarter that ended in Mar. 2024 was -125.90%.
The historical data trend for GD Culture Group'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.
GD Culture Group Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Asset Turnover | Get a 7-Day Free Trial | 0.71 | 0.03 | - | - | - |
GD Culture Group Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Asset Turnover | Get a 7-Day Free Trial | - | 0.03 | - | -0.01 | - |
For the Electronic Gaming & Multimedia subindustry, GD Culture Group'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.
For the Interactive Media industry and Communication Services sector, GD Culture Group's Asset Turnover distribution charts can be found below:
* The bar in red indicates where GD Culture Group's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
GD Culture Group'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 | / | ( (3.801 | + | 14.21) | / 2 ) |
= | 0 | / | 9.0055 | |||
= | 0.00 |
GD Culture Group's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Mar. 2024 ) | / | ( (Total Assets (Q: Dec. 2023 ) | + | Total Assets (Q: Mar. 2024 )) | / count ) |
= | 0 | / | ( (14.21 | + | 11.073) | / 2 ) |
= | 0 | / | 12.6415 | |||
= | 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.
GD Culture Group (NAS:GDC) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
GD Culture Group's annulized ROE % for the quarter that ended in Mar. 2024 is
ROE %** | (Q: Mar. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -15.916 | / | 8.416 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-15.916 / 0) | * | (0 / 12.6415) | * | (12.6415/ 8.416) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | % | * | 0 | * | 1.5021 |
= | ROA % | * | Equity Multiplier | ||
= | -125.90 % | * | 1.5021 | ||
= | -189.12 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 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:
GD Culture Group's annulized ROA % for the quarter that ended in Mar. 2024 is
ROA % | (Q: Mar. 2024 ) | ||
= | Net Income | / | Total Assets |
= | -15.916 | / | 12.6415 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-15.916 / 0) | * | (0 / 12.6415) |
= | Net Margin % | * | Asset Turnover |
= | % | * | 0 |
= | -125.90 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 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.
Thank you for viewing the detailed overview of GD Culture Group's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Hongxiang Yu | director, 10 percent owner, officer: Vice President | BEIHUANZHONG ROAD JUNAN COUNTY, SHANDONG F4 276600 |
Shuang Zhang | director, officer: vice president | NO 119 SOUTH ZHAOJUESI ROAD, 2ND FLOOR, ROOM 1, CHENGHUA DISTRICT, CHENGDU SICHUAN F4 610047 |
Yajing Li | director | NO 2020 ZHONGSHANXI ROAD, ROOM 502A40, SHANGHAI F4 200030 |
Wei Xu | director, 10 percent owner | 18 QINGNIAN WEST ROAD, HONGQIAO BUILDING WEST, 4TH FLOOR, NANTONG, JINAGSU, F4 226001 |
Yimin Jin | director, 10 percent owner, officer: Chief Executive Officer | BEIHUANZHONG JUNAN COURT, SHANDONG F4 276600 |
Qihai Wang | director | NO 2020 ZHONGSHANXI ROAD, ROOM 502A40, SHANGHAI F4 200030 |
Xiaoyan Shen | officer: CFO and Secretary | A-101 98 HUANGHAI ROAD TEDA, TIANJIN F4 300457 |
Arthur B Drogue | director | C/O SPAR GROUP, INC., 333 WESTCHESTER AVE, SOUTH BLDG, STE 204, WHITE PLAINS NY 10604 |
Kurt Jetta | director | 1615 SOUTH CONGRESS AVENUE, SUITE 103, DELRAY BEACH FL 33445 |
Chuanliu Ni | director, officer: Co-Chair & CEO | A-101 98 HUANGHAI ROAD TEDA, TIANJIN F4 300457 |
Chenchen Zhang | director | NO. 319 XIANXIA RD, FAREAS INTERNATIONAL PLAZA BLD A, RM 409, SHANGHAI F4 0000 |
Jiazhen Li | director, 10 percent owner, officer: Co-Chair | A101 HANGZHENG STREET CITY INDUSTRY PARK, NO. 21 JIEFANG AVENUE, QIAOKOU DISTRICT, WUHAN, HUBEI F4 430030 |
Yaqing Hu | director | NO. 319 XIANXIA RD, FAREAST, INTERNATIONAL PLAZA -BLD A, RM 409, SHANGHAI F4 0000 |
Hui Zhu | director | NO. 319 XIANXIA RD FAREAST, INTERNATIONAL PLAZA BLD A, RM 409, SHANGHAI F4 0000 |
Xiaonian Zhang | director, officer: President and Director | NO. 319 XIANXIA RD FAREAST, INTERNATIONAL PLAZA - BLD A, RM 409, SHANGHAI F4 00000 |
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