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Aurora Innovation (Aurora Innovation) Asset Turnover : 0.00 (As of Mar. 2024)


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What is Aurora Innovation Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Aurora Innovation's Revenue for the three months ended in Mar. 2024 was $0.00 Mil. Aurora Innovation's Total Assets for the quarter that ended in Mar. 2024 was $2,162.00 Mil. Therefore, Aurora Innovation's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Aurora Innovation's annualized ROE % for the quarter that ended in Mar. 2024 was -34.35%. It is also linked to ROA % through Du Pont Formula. Aurora Innovation's annualized ROA % for the quarter that ended in Mar. 2024 was -30.53%.


Aurora Innovation Asset Turnover Historical Data

The historical data trend for Aurora Innovation'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.

Aurora Innovation Asset Turnover Chart

Aurora Innovation Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
- - 0.04 0.02 -

Aurora Innovation Quarterly Data
Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - - -

Competitive Comparison of Aurora Innovation's Asset Turnover

For the Information Technology Services subindustry, Aurora Innovation'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.


Aurora Innovation's Asset Turnover Distribution in the Software Industry

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

* The bar in red indicates where Aurora Innovation's Asset Turnover falls into.



Aurora Innovation Asset Turnover Calculation

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

Aurora Innovation'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/( (2001+2235)/ 2 )
=0/2118
=0.00

Aurora Innovation'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: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=0/( (2235+2089)/ 2 )
=0/2162
=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.


Aurora Innovation  (NAS:AUR) Asset Turnover Explanation

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

Aurora Innovation's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-660/1921.5
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-660 / 0)*(0 / 2162)*(2162/ 1921.5)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.1252
=ROA %*Equity Multiplier
=-30.53 %*1.1252
=-34.35 %

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:

Aurora Innovation's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-660/2162
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-660 / 0)*(0 / 2162)
=Net Margin %*Asset Turnover
= %*0
=-30.53 %

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.


Aurora Innovation Asset Turnover Related Terms

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Aurora Innovation (Aurora Innovation) Business Description

Traded in Other Exchanges
N/A
Address
1654 Smallman Street, Pittsburgh, PA, USA, 15222
Aurora Innovation Inc is engaged in delivering self-driving technology safely, quickly, and broadly. The company designs and develops the Aurora Driver, which is the hardware, software, and data services that allow vehicles to drive themselves. Its flagship product, the Aurora Driver, is a platform that brings together software, hardware, and data services, to autonomously operate passenger vehicles, light commercial vehicles, and heavy-duty trucks. The company has partnered with industries across the transportation ecosystem including Toyota, Volvo, PACCAR, Uber, Uber Freight, FedEx, and U.S. Xpress. The company tests its vehicles in the Bay Area, Pittsburgh, and Texas and has offices in those areas as well as in Bozeman, MT; Seattle, WA; Louisville, CO; and Detroit, MI.
Executives
Sterling Anderson director C/O AURORA INNOVATION, INC., 280 N BERNARDO AVE CA 94042
David Maday officer: See Remarks 1654 SMALLMAN ST, PITTSBURGH PA 15222
Gloria R. Boyland director 6100 N. WESTERN AVENUE, OKLAHOMA CITY OK 73118
Ossa Fisher officer: President 1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218
Nolan Shenai officer: General Counsel and Secretary 1654 SMALLMAN ST,, PITTSBURGH PA 15222
Claire D'oyly-hughes Johnson director C/O AMERESCO, INC., 111 SPEEN STREET, STE. 401, FRAMINGHAM MA 01701-3812
Uber Technologies, Inc 10 percent owner 1515 3RD STREET, SAN FRANCISCO CA 94158
James Andrew Bagnell director C/O AURORA INNOVATION, INC., 280 N BERNARDO AVE, MOUNTAIN VIEW CA 94043
Christopher Urmson director, 10 percent owner, officer: See Remarks C/O AURORA INNOVATION, INC., 280 N BERNARDO AVE, MOUNTAIN VIEW CA 94043
Richard Tame officer: Vice President of Finance C/O AURORA INNOVATION, INC., 280 N BERNARDO AVE, MOUNTAIN VIEW CA 94043
William Mouat officer: See Remarks C/O AURORA INNOVATION, INC., 280 N BERNARDO AVE, MOUNTAIN VIEW CA 94043
Dara Khosrowshahi director C/O INTERACTIVE CORP, 152 WEST 57TH ST, NEW YORK NY 10019
Brittany Bagley director C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Michelangelo Volpi director C/O HORTONWORKS, INC., 3640 W. BAYSHORE RD., PALO ALTO CA 94303
Carl M. Eschenbach director C/O SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, PALO ALTO CA 94025