GRCYF has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
GRCYF has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Greencity Acquisition's Revenue for the three months ended in Dec. 2022 was $0.00 Mil. Greencity Acquisition's Total Assets for the quarter that ended in Dec. 2022 was $24.35 Mil. Therefore, Greencity Acquisition's Asset Turnover for the quarter that ended in Dec. 2022 was 0.00.
Asset Turnover is linked to ROE % through Du Pont Formula. Greencity Acquisition's annualized ROE % for the quarter that ended in Dec. 2022 was -0.30%. It is also linked to ROA % through Du Pont Formula. Greencity Acquisition's annualized ROA % for the quarter that ended in Dec. 2022 was -0.25%.
The historical data trend for Greencity Acquisition'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.
Greencity Acquisition Annual Data | |||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | ||||||
Asset Turnover | - | - | - | - | - |
Greencity Acquisition Quarterly Data | |||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | |
Asset Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
For the Shell Companies subindustry, Greencity Acquisition'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 Diversified Financial Services industry and Financial Services sector, Greencity Acquisition's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Greencity Acquisition's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Greencity Acquisition's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Dec. 2022 ) | / | ( (Total Assets (A: Dec. 2021 ) | + | Total Assets (A: Dec. 2022 )) | / count ) |
= | 0 | / | ( (41.486 | + | 6.671) | / 2 ) |
= | 0 | / | 24.0785 | |||
= | 0.00 |
Greencity Acquisition's Asset Turnover for the quarter that ended in Dec. 2022 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Dec. 2022 ) | / | ( (Total Assets (Q: Sep. 2022 ) | + | Total Assets (Q: Dec. 2022 )) | / count ) |
= | 0 | / | ( (42.034 | + | 6.671) | / 2 ) |
= | 0 | / | 24.3525 | |||
= | 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.
Greencity Acquisition (OTCPK:GRCYF) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Greencity Acquisition's annulized ROE % for the quarter that ended in Dec. 2022 is
ROE %** | (Q: Dec. 2022 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -0.06 | / | 20.162 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-0.06 / 0) | * | (0 / 24.3525) | * | (24.3525/ 20.162) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | % | * | 0 | * | 1.2078 |
= | ROA % | * | Equity Multiplier | ||
= | -0.25 % | * | 1.2078 | ||
= | -0.30 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) 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:
Greencity Acquisition's annulized ROA % for the quarter that ended in Dec. 2022 is
ROA % | (Q: Dec. 2022 ) | ||
= | Net Income | / | Total Assets |
= | -0.06 | / | 24.3525 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-0.06 / 0) | * | (0 / 24.3525) |
= | Net Margin % | * | Asset Turnover |
= | % | * | 0 |
= | -0.25 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) 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 Greencity Acquisition's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Hudson Bay Capital Management Lp | 10 percent owner | 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830 |
Sander Gerber | 10 percent owner | C/O HUDSON BAY CAPITAL MANAGEMENT, L.P., 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830 |
Lawrence Feis | 10 percent owner | 190 EAST WALTON PLACE, UNIT 603, CHICAGO IL 60611 |
Feis Equities Llc | 10 percent owner | 20 NORTH WACKER DRIVE, SUITE 2115, CHICAGO IL 60606 |
Glazer Capital, Llc | 10 percent owner | 250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019 |
Paul J Glazer | 10 percent owner | 250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019 |
Lei Wang | director | 2609 MONTE CRESTA DRIVE, BELMONT CA 94002 |
Cynthia Management Corp | 10 percent owner | SUITE 807 TOWER 2 CENTURY LINK PLAZA, NO. 1196 CENTURY AVENUE, PUDONG DISTRICT F4 200000 |
Jianmin Yu | 10 percent owner, officer: CFO | 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
Jinlong Liu | director, 10 percent owner | 100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017 |
Chao Liu | director | 100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017 |
Ming Zhang | officer: CEO | 100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017 |
Yong Li | director | 100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017 |
From GuruFocus
By PRNewswire PRNewswire • 04-21-2023
By PRNewswire PRNewswire • 06-10-2021
By Marketwired Marketwired • 07-28-2020
By PRNewswire PRNewswire • 11-24-2022
By PRNewswire PRNewswire • 04-19-2022
By [email protected] insider • 07-31-2020
By PRNewswire PRNewswire • 04-25-2023
By PRNewswire PRNewswire • 10-28-2022
By PRNewswire PRNewswire • 08-09-2021
By PRNewswire PRNewswire • 05-23-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.