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Exodus Movement (Exodus Movement) Asset Turnover : 0.13 (As of Mar. 2024)


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What is Exodus Movement Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Exodus Movement's Revenue for the three months ended in Mar. 2024 was $29.06 Mil. Exodus Movement's Total Assets for the quarter that ended in Mar. 2024 was $225.42 Mil. Therefore, Exodus Movement's Asset Turnover for the quarter that ended in Mar. 2024 was 0.13.

Asset Turnover is linked to ROE % through Du Pont Formula. Exodus Movement's annualized ROE % for the quarter that ended in Mar. 2024 was 110.08%. It is also linked to ROA % through Du Pont Formula. Exodus Movement's annualized ROA % for the quarter that ended in Mar. 2024 was 97.22%.


Exodus Movement Asset Turnover Historical Data

The historical data trend for Exodus Movement'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.

Exodus Movement Asset Turnover Chart

Exodus Movement Annual Data
Trend
Asset Turnover

Exodus Movement Quarterly Data
Mar23 Mar24
Asset Turnover - 0.13

Competitive Comparison of Exodus Movement's Asset Turnover

For the Software - Infrastructure subindustry, Exodus Movement'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.


Exodus Movement's Asset Turnover Distribution in the Software Industry

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

* The bar in red indicates where Exodus Movement's Asset Turnover falls into.



Exodus Movement Asset Turnover Calculation

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

Exodus Movement's Asset Turnover for the fiscal year that ended in . 20 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: . 20 )/( (Total Assets (A: . 20 )+Total Assets (A: . 20 ))/ count )
=/( (+)/ )
=/
=

Exodus Movement'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: Mar. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=29.06/( (0+225.418)/ 1 )
=29.06/225.418
=0.13

* 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.


Exodus Movement  (OTCPK:EXOD) Asset Turnover Explanation

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

Exodus Movement's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=219.148/199.074
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(219.148 / 116.24)*(116.24 / 225.418)*(225.418/ 199.074)
=Net Margin %*Asset Turnover*Equity Multiplier
=188.53 %*0.5157*1.1323
=ROA %*Equity Multiplier
=97.22 %*1.1323
=110.08 %

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:

Exodus Movement's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=219.148/225.418
=(Net Income / Revenue)*(Revenue / Total Assets)
=(219.148 / 116.24)*(116.24 / 225.418)
=Net Margin %*Asset Turnover
=188.53 %*0.5157
=97.22 %

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.


Exodus Movement Asset Turnover Related Terms

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Exodus Movement (Exodus Movement) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
15418 Weir Street, Suite 333, Omaha, NE, USA, 68137
Exodus Movement Inc is a self-custodial platform that connects people with the world of decentralized finance and the power of the blockchain. Available for desktop and mobile, it allows users to secure, manage and exchange cryptocurrencies like Bitcoin, Ethereum. Geographical presence in Europe, United States, the Middle East, and Africa (EMEA); Asia-Pacific (APAC); and Canada and Latin America (Other Americas).

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