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Movella Holdings (Movella Holdings) Asset Turnover : 0.06 (As of Jun. 2023)


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What is Movella Holdings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Movella Holdings's Revenue for the three months ended in Jun. 2023 was $8.36 Mil. Movella Holdings's Total Assets for the quarter that ended in Jun. 2023 was $144.82 Mil. Therefore, Movella Holdings's Asset Turnover for the quarter that ended in Jun. 2023 was 0.06.

Asset Turnover is linked to ROE % through Du Pont Formula. Movella Holdings's annualized ROE % for the quarter that ended in Jun. 2023 was -73.83%. It is also linked to ROA % through Du Pont Formula. Movella Holdings's annualized ROA % for the quarter that ended in Jun. 2023 was -38.28%.


Movella Holdings Asset Turnover Historical Data

The historical data trend for Movella Holdings'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.

Movella Holdings Asset Turnover Chart

Movella Holdings Annual Data
Trend Dec20 Dec21 Dec22
Asset Turnover
0.17 - -

Movella Holdings Quarterly Data
Dec20 Jun21 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23
Asset Turnover Get a 7-Day Free Trial 0.03 0.08 0.06 0.04 0.06

Competitive Comparison of Movella Holdings's Asset Turnover

For the Software - Application subindustry, Movella Holdings'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.


Movella Holdings's Asset Turnover Distribution in the Software Industry

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

* The bar in red indicates where Movella Holdings's Asset Turnover falls into.



Movella Holdings Asset Turnover Calculation

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

Movella Holdings'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/( (325.763+328.796)/ 2 )
=0/327.2795
=0.00

Movella Holdings'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 )
=8.359/( (149.123+140.517)/ 2 )
=8.359/144.82
=0.06

* 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.


Movella Holdings  (OTCPK:MVLA) Asset Turnover Explanation

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

Movella Holdings's annulized ROE % for the quarter that ended in Jun. 2023 is

ROE %**(Q: Jun. 2023 )
=Net Income/Total Stockholders Equity
=-55.436/75.089
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-55.436 / 33.436)*(33.436 / 144.82)*(144.82/ 75.089)
=Net Margin %*Asset Turnover*Equity Multiplier
=-165.8 %*0.2309*1.9286
=ROA %*Equity Multiplier
=-38.28 %*1.9286
=-73.83 %

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:

Movella Holdings's annulized ROA % for the quarter that ended in Jun. 2023 is

ROA %(Q: Jun. 2023 )
=Net Income/Total Assets
=-55.436/144.82
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-55.436 / 33.436)*(33.436 / 144.82)
=Net Margin %*Asset Turnover
=-165.8 %*0.2309
=-38.28 %

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.


Movella Holdings Asset Turnover Related Terms

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Movella Holdings (Movella Holdings) Business Description

Traded in Other Exchanges
N/A
Address
3535 Executive Terminal Drive, Suite 110, Henderson, NV, USA, 89052
Movella Holdings Inc is a full-stack provider of sensors, software, and analytics that enable the digitization of movement. It serves the entertainment, health & sports, and automation & mobility markets.
Executives
Ben A Lee director, officer: See Remarks 3408 GARRETT DRIVE, SANTA CLARA CA 95054
Stephen M Smith officer: Chief Financial Officer
Boele De Bie officer: Chief Operating Officer C/O MOVELLA INC., 2570 NORTH FIRST STREET, SUITE 300, SAN JOSE CA 95131
Industry Ventures Tech Buyout, Lp 10 percent owner 30 HOTALING PLACE, 3RD FLOOR, SAN FRANCISCO CA 94111
Fp Credit Partners Phoenix Ii, L.p. 10 percent owner ONE LETTERMAN DR, BUILDING C - STE 410, SAN FRANCISCO CA 94129
Fp Credit Partners Gp Ii, L.p. 10 percent owner ONE LETTERMAN DR, BUILDING C - STE 410, SAN FRANCISCO CA 94129
Fp Credit Partners Ii, L.p. 10 percent owner ONE LETTERMAN DR, BUILDING C - STE 410, SAN FRANCISCO CA 94129
Fp Credit Partners Gp Ii Management, Llc 10 percent owner ONE LETTERMAN DR, BUILDING C - STE 410, SAN FRANCISCO CA 94129
Iv Tech Buyout Gp, Llc 10 percent owner 1950 UNIVERSITY AVENUE, SUITE 350, PALO ALTO CA 94303
Arrowhead Holdings, Llc / New 10 percent owner 1950 UNIVERSITY AVENUE, SUITE 350, PALO ALTO CA 94303
Hggc Pathfinder Holdings I, Llc 10 percent owner 1950 UNIVERSITY AVENUE, SUITE 350, PALO ALTO CA 94303
Pathfinder Acquisition Llc 10 percent owner 1950 UNIVERSITY AVENUE, PALO ALTO CA 94303
Chung David H S director 10900 NE 8TH STREET, SUITE 800, BELLEVUE WA 98004
Eric Salzman director C/O 8X8 INC., 675 CREEKSIDE WAY, CAMPCALL CA 95008
Wen Hsuan Hsieh director C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803