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Modular Medical (Modular Medical) Asset Turnover : 0.00 (As of Dec. 2023)


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What is Modular Medical Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Modular Medical's Revenue for the three months ended in Dec. 2023 was $0.00 Mil. Modular Medical's Total Assets for the quarter that ended in Dec. 2023 was $8.13 Mil. Therefore, Modular Medical's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Modular Medical's annualized ROE % for the quarter that ended in Dec. 2023 was -357.74%. It is also linked to ROA % through Du Pont Formula. Modular Medical's annualized ROA % for the quarter that ended in Dec. 2023 was -259.27%.


Modular Medical Asset Turnover Historical Data

The historical data trend for Modular Medical'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.

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Modular Medical Asset Turnover Chart

Modular Medical Annual Data
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Modular Medical Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Modular Medical's Asset Turnover

For the Medical Devices subindustry, Modular Medical'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.


Modular Medical's Asset Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Modular Medical's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Modular Medical's Asset Turnover falls into.



Modular Medical Asset Turnover Calculation

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

Modular Medical's Asset Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2023 )/( (Total Assets (A: Mar. 2022 )+Total Assets (A: Mar. 2023 ))/ count )
=0/( (9.846+7.245)/ 2 )
=0/8.5455
=0.00

Modular Medical'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: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=0/( (10.059+6.199)/ 2 )
=0/8.129
=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.


Modular Medical  (NAS:MODD) Asset Turnover Explanation

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

Modular Medical's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-21.076/5.8915
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-21.076 / 0)*(0 / 8.129)*(8.129/ 5.8915)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.3798
=ROA %*Equity Multiplier
=-259.27 %*1.3798
=-357.74 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (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:

Modular Medical's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-21.076/8.129
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-21.076 / 0)*(0 / 8.129)
=Net Margin %*Asset Turnover
= %*0
=-259.27 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (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.


Modular Medical Asset Turnover Related Terms

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Modular Medical (Modular Medical) Business Description

Traded in Other Exchanges
N/A
Address
10470 Thornmint Road, San Diego, CA, USA, 92127
Modular Medical Inc is a development stage medical device company which focuses on the design, development, and commercialization of an insulin pump using modernized technology to increase pump adoption in the diabetes marketplace. The company's product's seeks to serve both the type 1 and the rapidly growing especially in terms of device adoption, type 2 diabetes markets.
Executives
Philip Brent Sheibley director C/O MODULAR MEDICAL, INC., 16772 W. BERNARDO DRIVE, SAN DIEGO CA 92127
Manchester Management Co Llc 10 percent owner 3 WEST HILL PLACE, BOSTON MA 02110
Jeb Partners, L.p. other: Director by Deputization MANCHESTER MANAGEMENT COMPANY, L.L.C, 3 WEST HILL PLACE, BOSTON MA 02114
Kevin Schmid officer: Chief Operating Officer 8 EAGLES NEST LANE, BEDFORD MA 01921
Paul Diperna director, 10 percent owner, officer: See Remarks 16772 W BERNARDO DRIVE, RANCHO BERNARDO CA 92127
Carmen B Volkart director C/O MODULAR MEDICAL, INC., 16772 WEST BERNARDO DRIVE, SAN DIEGO CA 92127
Duane M Desisto director INSULET CORPORATION, 9 OAK PARK DRIVE, BEDFORD MA 01730
Ellen O'connor Vos director C/O NTELOS HOLDINGS CORP., 1154 SHENANDOAH VILLAGE DRIVE, WAYNESBORO VA 22980
Steven G Felsher director C/O SITO MOBILE, LTD.,, 100 TOWN SQUARE PLACE, STE 204, JERSEY CITY NJ 07310
Morgan C. Frank 10 percent owner 2 CALLE NAIRN, UNIT 701, SAN JUAN PR 00907
Paul Diperna Irrevocable Trust other: See Footnote(1) 16772 WEST BERNARDO DRIVE, SAN DIEGO CA 92127
Stephen Edward Daly officer: Chief Commercial Officer 2090 DIPINTO ROAD, HENDERSON NV 89052
William J Febbo director 600 CALIFORNIA ST., 9TH FLOOR, SAN FRANCISCO CA 94108
Liam Burns director C/O MODULAR MEDICAL, INC., 800 W. VALLEY PARKWAY, SUITE 203, ESCONDIDO CA 92025
James E Besser 10 percent owner 3 WEST HILL PLACE, BOSTON MA 02114

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