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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. Spectral Capital's Revenue for the three months ended in Jun. 2024 was $0.00 Mil. Spectral Capital's Total Assets for the quarter that ended in Jun. 2024 was $0.05 Mil. Therefore, Spectral Capital's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.
Asset Turnover is linked to ROE % through Du Pont Formula. Spectral Capital's annualized ROE % for the quarter that ended in Jun. 2024 was 2,816.90%. It is also linked to ROA % through Du Pont Formula. Spectral Capital's annualized ROA % for the quarter that ended in Jun. 2024 was -5,769.23%.
The historical data trend for Spectral Capital'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.
Spectral Capital Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | - | - | - | 2.72 | - |
Spectral Capital Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Asset Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
For the Information Technology Services subindustry, Spectral Capital'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 Software industry and Technology sector, Spectral Capital's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Spectral Capital's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Spectral Capital'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 | / | ( (0.036 | + | 0) | / 1 ) |
= | 0 | / | 0.036 | |||
= | 0.00 |
Spectral Capital's Asset Turnover for the quarter that ended in Jun. 2024 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Jun. 2024 ) | / | ( (Total Assets (Q: Mar. 2024 ) | + | Total Assets (Q: Jun. 2024 )) | / count ) |
= | 0 | / | ( (0.001 | + | 0.103) | / 2 ) |
= | 0 | / | 0.052 | |||
= | 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.
Spectral Capital (OTCPK:FCCN) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Spectral Capital's annulized ROE % for the quarter that ended in Jun. 2024 is
ROE %** | (Q: Jun. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -3 | / | -0.1065 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-3 / 0) | * | (0 / 0.052) | * | (0.052/ -0.1065) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | % | * | 0 | * | -0.4883 |
= | ROA % | * | Equity Multiplier | ||
= | -5,769.23 % | * | -0.4883 | ||
= | 2,816.90 % |
Note: The Net Income data used here is four times the quarterly (Jun. 2024) net income data. The Revenue data used here is four times the quarterly (Jun. 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:
Spectral Capital's annulized ROA % for the quarter that ended in Jun. 2024 is
ROA % | (Q: Jun. 2024 ) | ||
= | Net Income | / | Total Assets |
= | -3 | / | 0.052 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-3 / 0) | * | (0 / 0.052) |
= | Net Margin % | * | Asset Turnover |
= | % | * | 0 |
= | -5,769.23 % |
Note: The Net Income data used here is four times the quarterly (Jun. 2024) net income data. The Revenue data used here is four times the quarterly (Jun. 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 Spectral Capital's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Stephen Spalding | director, officer: CFO | PO BOX 1148, ZEPHYR COVE NV 89449-1148 |
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Jenifer Lyn Osterwalder | director, 10 percent owner, officer: President/CEO | 1055 HOMER STREET, VANCOUVER A1 V6B 1G3 |
Alexander Khersonski | director | 8110 OAK STREET, VANCOUVER A1 V6P 4A7 |
Maria C Maz | 10 percent owner | 2829 BIRD AVENUE, SUITE 12, MIAMI FL 33133 |
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