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Embark Early Education (ASX:EVO) Asset Turnover : -0.08 (As of Dec. 2023)


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What is Embark Early Education Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Embark Early Education's Revenue for the six months ended in Dec. 2023 was A$-11.71 Mil. Embark Early Education's Total Assets for the quarter that ended in Dec. 2023 was A$153.61 Mil. Therefore, Embark Early Education's Asset Turnover for the quarter that ended in Dec. 2023 was -0.08.

Asset Turnover is linked to ROE % through Du Pont Formula. Embark Early Education's annualized ROE % for the quarter that ended in Dec. 2023 was 13.96%. It is also linked to ROA % through Du Pont Formula. Embark Early Education's annualized ROA % for the quarter that ended in Dec. 2023 was 6.87%.


Embark Early Education Asset Turnover Historical Data

The historical data trend for Embark Early Education'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.

Embark Early Education Asset Turnover Chart

Embark Early Education Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 0.26 0.40 0.12 0.07 0.12

Embark Early Education Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.06 0.19 -0.22 0.18 -0.08

Competitive Comparison of Embark Early Education's Asset Turnover

For the Education & Training Services subindustry, Embark Early Education'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.


Embark Early Education's Asset Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Embark Early Education's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Embark Early Education's Asset Turnover falls into.



Embark Early Education Asset Turnover Calculation

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

Embark Early Education'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 )
=17.742/( (157.769+149.446)/ 2 )
=17.742/153.6075
=0.12

Embark Early Education'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: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=-11.708/( (157.775+149.446)/ 2 )
=-11.708/153.6105
=-0.08

* 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.


Embark Early Education  (ASX:EVO) Asset Turnover Explanation

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

Embark Early Education's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=10.558/75.615
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(10.558 / -23.416)*(-23.416 / 153.6105)*(153.6105/ 75.615)
=Net Margin %*Asset Turnover*Equity Multiplier
=-45.09 %*-0.1524*2.0315
=ROA %*Equity Multiplier
=6.87 %*2.0315
=13.96 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (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:

Embark Early Education's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=10.558/153.6105
=(Net Income / Revenue)*(Revenue / Total Assets)
=(10.558 / -23.416)*(-23.416 / 153.6105)
=Net Margin %*Asset Turnover
=-45.09 %*-0.1524
=6.87 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (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.


Embark Early Education Asset Turnover Related Terms

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Embark Early Education (ASX:EVO) Business Description

Traded in Other Exchanges
N/A
Address
120-122 Siganto Drive, Suite 102, Level 1, M1 Connect Business Hub, Helensvale, Gold Coast, QLD, AUS, 4212
Embark Early Education Ltd is a company that is engaged in the provision and management of an early childhood education service that gives parents and caregivers the option of which service suits their child's learning and care needs. The Group reports operating segments by geographical location, namely New Zealand and Australia. The majority of revenue is from the New Zealand segment. The principal activities of the Company include the management of high-quality early childhood education centres.