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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. MGT Capital Investments's Revenue for the three months ended in Dec. 2023 was $0.10 Mil. MGT Capital Investments's Total Assets for the quarter that ended in Dec. 2023 was $1.11 Mil. Therefore, MGT Capital Investments's Asset Turnover for the quarter that ended in Dec. 2023 was 0.09.
Asset Turnover is linked to ROE % through Du Pont Formula. MGT Capital Investments's annualized ROE % for the quarter that ended in Dec. 2023 was 349.11%. It is also linked to ROA % through Du Pont Formula. MGT Capital Investments's annualized ROA % for the quarter that ended in Dec. 2023 was -1,968.95%.
The historical data trend for MGT Capital Investments'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.
MGT Capital Investments Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 0.19 | 0.44 | 0.34 | 0.36 | 0.31 |
MGT Capital Investments Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Asset Turnover | Get a 7-Day Free Trial | 0.06 | 0.07 | 0.07 | 0.07 | 0.09 |
For the Capital Markets subindustry, MGT Capital Investments'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 Capital Markets industry and Financial Services sector, MGT Capital Investments's Asset Turnover distribution charts can be found below:
* The bar in red indicates where MGT Capital Investments's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
MGT Capital Investments'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 ) |
= | 0.399 | / | ( (1.654 | + | 0.932) | / 2 ) |
= | 0.399 | / | 1.293 | |||
= | 0.31 |
MGT Capital Investments'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: Sep. 2023 ) | + | Total Assets (Q: Dec. 2023 )) | / count ) |
= | 0.102 | / | ( (1.284 | + | 0.932) | / 2 ) |
= | 0.102 | / | 1.108 | |||
= | 0.09 |
* 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.
MGT Capital Investments (OTCPK:MGTI) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
MGT Capital Investments's annulized ROE % for the quarter that ended in Dec. 2023 is
ROE %** | (Q: Dec. 2023 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -21.816 | / | -6.249 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-21.816 / 0.408) | * | (0.408 / 1.108) | * | (1.108/ -6.249) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -5347.06 % | * | 0.3682 | * | -0.1773 |
= | ROA % | * | Equity Multiplier | ||
= | -1,968.95 % | * | -0.1773 | ||
= | 349.11 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (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:
MGT Capital Investments's annulized ROA % for the quarter that ended in Dec. 2023 is
ROA % | (Q: Dec. 2023 ) | ||
= | Net Income | / | Total Assets |
= | -21.816 | / | 1.108 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-21.816 / 0.408) | * | (0.408 / 1.108) |
= | Net Margin % | * | Asset Turnover |
= | -5347.06 % | * | 0.3682 |
= | -1,968.95 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (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.
Thank you for viewing the detailed overview of MGT Capital Investments's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Stephen Schaeffer | officer: Chief Operating Officer | 512 S. MANGUM STREET, SUITE 408, DURHAM NC 27701 |
Robert Ladd | director, 10 percent owner | C/O LADDCAP VALUE ADVISORS LLC, 650 FIFTH AVENUE, SUITE 600, NEW YORK NY 10019 |
Robert S Lowrey | officer: CFO, Treasurer, Secretary | 512 S MAGNUM STREET, STE 408, DURHAM NC 27701 |
Nolan K Bushnell | director | 5443 BEETHOVEN ST, LOS ANGELES CA 90066 |
Hugh Robert Holmes | director | 500 MAMARONECK AVENUE, SUITE 204, HARRISON NY 10528 |
Iroquois Master Fund Ltd. | 10 percent owner | 641 LEXINGTON AVENUE, 26TH FLOOR, NEW YORK NY 10022 |
Joshua Silverman | 10 percent owner | IROQUOIS CAPITAL MANAGEMENT LLC, 205 EAST 42ND ST - 20TH FL., NEW YORK NY 10017 |
Iroquois Capital Management, Llc | 10 percent owner | 641 LEXINGTON AVENUE, 26TH FLOOR, NEW YORK, NY 10022 |
Michael Onghai | director | 122 WEST 26TH ST. 5TH FLOOR, NEW YORK NY 10001 |
J&s Gaming, Inc. | 10 percent owner | 12 MAY HILL LANE, DIX HILLS NY 11746 |
Laddcap Value Partners Iii Llc | other: Managing Member | 335 MADISON AVENUE, SUITE 1100, NEW YORK NY 10017 |
Robert Paul Traversa | officer: Chief Financial Officer | C/O MGT CAPITAL INVESTMENTS, INC., 500 MAMARONECK AVENUE, SUITE 204, HARRISON NY 10528 |
Neal Wyman | director | KENSINGTON CENTRE, 66 HAMMERSMITH ROAD, LONDON X0 W14 8UD |
Peter Venton | director | KENSINGTON CENTRE, 66 HAMMERSMITH ROAD, LONDON X0 W14 8UD |
Richard Wolfe Cohen | director | ONE NORTH BROADWAY, SUITE 509, WHITE PLAINS NY 10601 |
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