Groove Botanicals (Groove Botanicals) Asset Turnover : 0.00 (As of Sep. 2023)

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What is Groove Botanicals Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Groove Botanicals's Revenue for the six months ended in Sep. 2023 was $0.00 Mil. Groove Botanicals's Total Assets for the quarter that ended in Sep. 2023 was $0.00 Mil. Therefore, Groove Botanicals's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Groove Botanicals's annualized ROE % for the quarter that ended in Sep. 2023 was 32.86%. It is also linked to ROA % through Du Pont Formula. Groove Botanicals's annualized ROA % for the quarter that ended in Sep. 2023 was -7,000.00%.

Groove Botanicals Asset Turnover Historical Data

The historical data trend for Groove Botanicals'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.

Groove Botanicals Asset Turnover Chart

Groove Botanicals Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Asset Turnover

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0.06

0.04

0.03

0.16

Groove Botanicals Semi-Annual Data
	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Sep22	Sep23
Asset Turnover	Get a 7-Day Free Trial															0.07	0.09	0.07	-	-

Competitive Comparison of Groove Botanicals's Asset Turnover

For the Oil & Gas E&P subindustry, Groove Botanicals'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.

Groove Botanicals's Asset Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Groove Botanicals's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Groove Botanicals's Asset Turnover falls into.

Groove Botanicals Asset Turnover Calculation

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

Groove Botanicals's Asset Turnover for the fiscal year that ended in Mar. 2017 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Mar. 2017 )	/	( (Total Assets (A: Mar. 2016 )	+	Total Assets (A: Mar. 2017 ))	/ count )
=	0.057	/	( (0.374	+	0.325)	/ 2 )
=	0.057	/	0.3495
=	0.16

Groove Botanicals's Asset Turnover for the quarter that ended in Sep. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0	/	( (0	+	0.003)	/ 1 )
=	0	/	0.003
=	0.00

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.

Groove Botanicals (OTCPK:GRVE) Asset Turnover Explanation

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

Groove Botanicals's annulized ROE % for the quarter that ended in Sep. 2023 is

	ROE %^**		(Q: Sep. 2023 )
=	Net Income	/	Total Stockholders Equity
=	-0.21	/	-0.639
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-0.21 / 0)	*	(0 / 0.003)	*	(0.003/ -0.639)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	%	*	0	*	-0.0047
=	ROA %	*	Equity Multiplier
=	-7,000.00 %	*	-0.0047
=	32.86 %

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

^** 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:

Groove Botanicals's annulized ROA % for the quarter that ended in Sep. 2023 is

	ROA %		(Q: Sep. 2023 )
=	Net Income	/	Total Assets
=	-0.21	/	0.003
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-0.21 / 0)	*	(0 / 0.003)
=	Net Margin %	*	Asset Turnover
=	%	*	0
=	-7,000.00 %

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

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.

Groove Botanicals Asset Turnover Related Terms

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