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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. 1847 Holdings LLC's Revenue for the three months ended in Mar. 2024 was $14.91 Mil. 1847 Holdings LLC's Total Assets for the quarter that ended in Mar. 2024 was $37.62 Mil. Therefore, 1847 Holdings LLC's Asset Turnover for the quarter that ended in Mar. 2024 was 0.40.
Asset Turnover is linked to ROE % through Du Pont Formula. 1847 Holdings LLC's annualized ROE % for the quarter that ended in Mar. 2024 was 181.97%. It is also linked to ROA % through Du Pont Formula. 1847 Holdings LLC's annualized ROA % for the quarter that ended in Mar. 2024 was -110.58%.
The historical data trend for 1847 Holdings LLC'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.
1847 Holdings LLC Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 0.50 | 0.45 | 0.93 | 1.06 | 1.62 |
1847 Holdings LLC Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Asset Turnover | Get a 7-Day Free Trial | 0.25 | 0.33 | 0.32 | 0.30 | 0.40 |
For the Conglomerates subindustry, 1847 Holdings LLC'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 Conglomerates industry and Industrials sector, 1847 Holdings LLC's Asset Turnover distribution charts can be found below:
* The bar in red indicates where 1847 Holdings LLC's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
1847 Holdings LLC'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 ) |
= | 68.682 | / | ( (45.485 | + | 39.368) | / 2 ) |
= | 68.682 | / | 42.4265 | |||
= | 1.62 |
1847 Holdings LLC'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 ) |
= | 14.913 | / | ( (39.368 | + | 35.881) | / 2 ) |
= | 14.913 | / | 37.6245 | |||
= | 0.40 |
* 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.
1847 Holdings LLC (AMEX:EFSH) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
1847 Holdings LLC's annulized ROE % for the quarter that ended in Mar. 2024 is
ROE %** | (Q: Mar. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -41.604 | / | -22.8625 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-41.604 / 59.652) | * | (59.652 / 37.6245) | * | (37.6245/ -22.8625) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -69.74 % | * | 1.5855 | * | -1.6457 |
= | ROA % | * | Equity Multiplier | ||
= | -110.58 % | * | -1.6457 | ||
= | 181.97 % |
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:
1847 Holdings LLC's annulized ROA % for the quarter that ended in Mar. 2024 is
ROA % | (Q: Mar. 2024 ) | ||
= | Net Income | / | Total Assets |
= | -41.604 | / | 37.6245 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-41.604 / 59.652) | * | (59.652 / 37.6245) |
= | Net Margin % | * | Asset Turnover |
= | -69.74 % | * | 1.5855 |
= | -110.58 % |
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.
Thank you for viewing the detailed overview of 1847 Holdings LLC's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Ellery Roberts | director, 10 percent owner, officer: CEO, President and CFO | 590 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022 |
Strategic Risk, Llc. | 10 percent owner | 228 PARK AVE S., PMB 828333, NEW YORK NY 10003 |
Michele A. Chow-tai | director | 590 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022 |
Paul Froning | director | 590 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022 |
Glyn C. Milburn | director | 13850 MANCHESTER RD, C/O 1847 GOEDEKER INC., BALLWIN MO 63011 |
Clark R. Crosnoe | director | 13850 MANCHESTER RD, C/O 1847 GOEDEKER INC.,, BALLWIN MO 63011 |
Taylor Lawrence X. Iii | director | 2727 N 3RD STREET, SUITE 201, PHOENIX AZ 85004 |
Tracy S. Harris | director | C/O 1847 HOLDINGS LLC, 590 MADISON AVE., 21ST FLOOR, NEW YORK NY 10022 |
Eric Vandam | officer: Chief Operating Officer | C/O 1847 HOLDINGS LLC, 590 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022 |
Edward Tobin | 10 percent owner | C/O GEM SURGILIGHT INVESTORS, LLC, 9 WEST 57TH STREET, 46TH FLOOR, NEW YORK NY 10022 |
Vernice L Howard | officer: Chief Financial Officer | 590 MADISON AVENUE, 21ST FLOOR, C/O 1847 HOLDINGS LLC, NEW YORK NY 10022 |
Jay Amond | officer: Chief Financial Officer | 590 MADISON AVENUE, NEW YORK NY 10022 |
Rita Mallatt | 10 percent owner | 1847 HOLDINGS LLC, 590 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022 |
Stephen Jr Mallatt | 10 percent owner | 1847 HOLDINGS LLC, 590 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022 |
Robert Barry | director | 1847 GOEDEKER INC., 13850 MANCHESTER RD., BALLWIN MO 63011 |
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