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Rubicon Technology (Rubicon Technology) Asset Turnover : 0.44 (As of Mar. 2024)


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What is Rubicon Technology Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Rubicon Technology's Revenue for the three months ended in Mar. 2024 was $0.48 Mil. Rubicon Technology's Total Assets for the quarter that ended in Mar. 2024 was $1.09 Mil. Therefore, Rubicon Technology's Asset Turnover for the quarter that ended in Mar. 2024 was 0.44.

Asset Turnover is linked to ROE % through Du Pont Formula. Rubicon Technology's annualized ROE % for the quarter that ended in Mar. 2024 was -58.28%. It is also linked to ROA % through Du Pont Formula. Rubicon Technology's annualized ROA % for the quarter that ended in Mar. 2024 was -20.12%.


Rubicon Technology Asset Turnover Historical Data

The historical data trend for Rubicon Technology'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.

Rubicon Technology Asset Turnover Chart

Rubicon Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.10 0.11 0.13 0.19 0.57

Rubicon Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.12 0.08 0.11 0.16 0.44

Competitive Comparison of Rubicon Technology's Asset Turnover

For the Semiconductor Equipment & Materials subindustry, Rubicon Technology'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.


Rubicon Technology's Asset Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Rubicon Technology's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Rubicon Technology's Asset Turnover falls into.



Rubicon Technology Asset Turnover Calculation

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

Rubicon Technology'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 )
=1.998/( (5.959+1.116)/ 2 )
=1.998/3.5375
=0.56

Rubicon Technology'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 )
=0.482/( (1.116+1.071)/ 2 )
=0.482/1.0935
=0.44

* 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.


Rubicon Technology  (OTCPK:RBCN) Asset Turnover Explanation

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

Rubicon Technology's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-0.22/0.3775
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.22 / 1.928)*(1.928 / 1.0935)*(1.0935/ 0.3775)
=Net Margin %*Asset Turnover*Equity Multiplier
=-11.41 %*1.7631*2.8967
=ROA %*Equity Multiplier
=-20.12 %*2.8967
=-58.28 %

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:

Rubicon Technology's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-0.22/1.0935
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.22 / 1.928)*(1.928 / 1.0935)
=Net Margin %*Asset Turnover
=-11.41 %*1.7631
=-20.12 %

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.


Rubicon Technology Asset Turnover Related Terms

Thank you for viewing the detailed overview of Rubicon Technology's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Rubicon Technology (Rubicon Technology) Business Description

Traded in Other Exchanges
N/A
Address
900 East Green Street, Bensenville, IL, USA, 60106
Rubicon Technology Inc is an advanced materials provider specializing in monocrystalline sapphire for applications in optical and industrial systems. The company manages its operations and ship from its owned facility located in Bensenville, Illinois. It offers optical and industrial sapphire products in various shapes and sizes, including round and rectangular windows and blanks, domes, tubes, and rods. Geographically, the group has a business presence in North America, Asia, and Other countries, of which prime revenue is derived from North America.
Executives
Timothy Brog director C/O RUBICON TECHNOLOGY, INC., 900 EAST GREEN STREET, UNIT A, BENSENVILLE IL 60106
Darren Clay Seirer director, 10 percent owner 80 EIGHTH AVENUE, SUITE 1500, NEW YORK NY 10011
Jefferson Gramm director C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Janel Corp 10 percent owner 80 EIGHTH AVENUE, NEW YORK NY 10011
Michael E Mikolajczyk director 875 N. MICHIGAN AVE., STE 3000, CHICAGO IL 60611
Susan Westphal director C/O RUBICON TECHNOLOGY, INC., 900 EAST GREEN STREET, UNIT A, BENSENVILLE IL 60106
John Eidinger director 80 EIGHTH AVENUE, NEW YORK NY 10011
Dominique Schulte 10 percent owner 68 BANK STREET, NEW YORK NY 10014
Oaxaca Group L.l.c. 10 percent owner 68 BANK STREET, NEW YORK NY 10014
Kevin Timothy Lusardi officer: Chief Financial Officer 115 BROADWAY, PLEASANTVILLE NY 10570
Gregory Bylinsky 10 percent owner C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Bandera Partners Llc 10 percent owner 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Mathew Jason Rich officer: Chief Financial Officer 4501 EASTWOOD RD, MINNETONKA MN 55345
Inga A Slavutsky officer: Chief Financial Officer 920 E. GREEN ST., BENSENVILLE IL 60106
Donald R Caldwell director 5 RADNOR CORP CENTER STE 555, RADNOR PA 19087

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