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Blade Air Mobility (Blade Air Mobility) Asset Turnover : 0.18 (As of Mar. 2024)


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What is Blade Air Mobility Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Blade Air Mobility's Revenue for the three months ended in Mar. 2024 was $51.5 Mil. Blade Air Mobility's Total Assets for the quarter that ended in Mar. 2024 was $288.9 Mil. Therefore, Blade Air Mobility's Asset Turnover for the quarter that ended in Mar. 2024 was 0.18.

Asset Turnover is linked to ROE % through Du Pont Formula. Blade Air Mobility's annualized ROE % for the quarter that ended in Mar. 2024 was -7.19%. It is also linked to ROA % through Du Pont Formula. Blade Air Mobility's annualized ROA % for the quarter that ended in Mar. 2024 was -5.86%.


Blade Air Mobility Asset Turnover Historical Data

The historical data trend for Blade Air Mobility'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.

Blade Air Mobility Asset Turnover Chart

Blade Air Mobility Annual Data
Trend Sep19 Sep20 Sep21 Dec22 Dec23
Asset Turnover
- 1.32 0.28 0.44 0.73

Blade Air Mobility Quarterly Data
Sep19 Sep20 Dec20 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 0.14 0.19 0.22 0.16 0.18

Competitive Comparison of Blade Air Mobility's Asset Turnover

For the Airports & Air Services subindustry, Blade Air Mobility'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.


Blade Air Mobility's Asset Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Blade Air Mobility's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Blade Air Mobility's Asset Turnover falls into.



Blade Air Mobility Asset Turnover Calculation

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

Blade Air Mobility'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 )
=225.18/( (325.025+294.938)/ 2 )
=225.18/309.9815
=0.73

Blade Air Mobility'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 )
=51.514/( (294.938+282.792)/ 2 )
=51.514/288.865
=0.18

* 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.


Blade Air Mobility  (NAS:BLDE) Asset Turnover Explanation

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

Blade Air Mobility's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-16.936/235.4545
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-16.936 / 206.056)*(206.056 / 288.865)*(288.865/ 235.4545)
=Net Margin %*Asset Turnover*Equity Multiplier
=-8.22 %*0.7133*1.2268
=ROA %*Equity Multiplier
=-5.86 %*1.2268
=-7.19 %

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:

Blade Air Mobility's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-16.936/288.865
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-16.936 / 206.056)*(206.056 / 288.865)
=Net Margin %*Asset Turnover
=-8.22 %*0.7133
=-5.86 %

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.


Blade Air Mobility Asset Turnover Related Terms

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Blade Air Mobility (Blade Air Mobility) Business Description

Traded in Other Exchanges
N/A
Address
55 Hudson Yards, 14th Floor, New York, NY, USA, 10016
Blade Air Mobility Inc is a technology-powered air mobility platform that provides consumers with a cost-effective and time-efficient alternative to ground transportation for congested routes. The company's Passenger reporting segment arranges charter and by-the-seat flights using helicopters, jets, turboprops, and amphibious seaplanes operating in various locations throughout the United States and abroad. The company's Medical reporting segment includes air medical transporters of human organs in the United States, providing end-to-end logistics for transplant centers and organ procurement organizations utilizing helicopters, jets, turboprops and ground vehicles.
Executives
Seth J Bacon officer: CEO, Trinity Air Medical C/O BLADE AIR MOBILITY, INC., 55 HUDSON YARDS, 14TH FLOOR, NEW YORK NY 10001
Robert S Wiesenthal director, officer: Chief Executive Officer C/O SONY CORP OF AMERICA, 550 MADISON AVE, NEW YORK NY 10022
William A. Heyburn officer: Chief Financial Officer C/O BLADE AIR MOBILITY, INC., 31 HUDSON YARDS, 11TH FLOOR, NEW YORK NY 10001
Melissa M. Tomkiel officer: President and General Counsel C/O BLADE AIR MOBILITY, INC., 31 HUDSON YARDS, 11TH FLOOR, NEW YORK NY 10001
Amir Cohen officer: Chief Accounting Officer C/O BLADE AIR MOBILITY, INC., 31 HUDSON YARDS, 11TH FLOOR, NEW YORK NY 10001
Reginald Love director C/O BRIGHTSPHERE INC., 200 CLARENDON STREET, BOSTON MA 02116
Eric Affeldt director ONE CEDAR POINT DRIVE, SANDUSKY OH 44870
John Borthwick director C/O BLADE AIR MOBILITY, INC., 55 HUDSON YARDS, 14TH FLOOR, NEW YORK NY 10001
Andrew Lauck director 667 MADISON AVE, 16TH FLOOR, NEW YORK NY 10065
Brandon A. Keene officer: Chief Technology Officer C/O BLADE AIR MOBILITY, INC., 31 HUDSON YARDS, 11TH FLOOR, NEW YORK NY 10001
Anatoli Arkhipenko officer: Chief Technology Officer 145 PARK PL, APT 5G, BROOKLYN NY 11217
Kenneth B Lerer director
Edward M Philip director C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Susan M Lyne director 11 WEST 42ND STREET, NEW YORK NY 10036
Jane C Garvey director P.O. BOX 66100 - HDQLD, CHICAGO IL 60666