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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. The Oncology Institute's Revenue for the three months ended in Mar. 2024 was $94.7 Mil. The Oncology Institute's Total Assets for the quarter that ended in Mar. 2024 was $206.9 Mil. Therefore, The Oncology Institute's Asset Turnover for the quarter that ended in Mar. 2024 was 0.46.
Asset Turnover is linked to ROE % through Du Pont Formula. The Oncology Institute's annualized ROE % for the quarter that ended in Mar. 2024 was -161.83%. It is also linked to ROA % through Du Pont Formula. The Oncology Institute's annualized ROA % for the quarter that ended in Mar. 2024 was -38.45%.
The historical data trend for The Oncology Institute'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.
The Oncology Institute Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Asset Turnover | Get a 7-Day Free Trial | 2.61 | 3.00 | 1.51 | 1.09 | 1.38 |
The Oncology Institute Quarterly Data | |||||||||||||||||||
Sep18 | Dec18 | Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Asset Turnover | Get a 7-Day Free Trial | 0.31 | 0.35 | 0.37 | 0.40 | 0.46 |
For the Medical Care Facilities subindustry, The Oncology Institute'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 Healthcare Providers & Services industry and Healthcare sector, The Oncology Institute's Asset Turnover distribution charts can be found below:
* The bar in red indicates where The Oncology Institute's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
The Oncology Institute'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 ) |
= | 324.239 | / | ( (261.665 | + | 209.24) | / 2 ) |
= | 324.239 | / | 235.4525 | |||
= | 1.38 |
The Oncology Institute'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 ) |
= | 94.666 | / | ( (209.24 | + | 204.532) | / 2 ) |
= | 94.666 | / | 206.886 | |||
= | 0.46 |
* 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.
The Oncology Institute (NAS:TOI) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
The Oncology Institute's annulized ROE % for the quarter that ended in Mar. 2024 is
ROE %** | (Q: Mar. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -79.556 | / | 49.1605 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-79.556 / 378.664) | * | (378.664 / 206.886) | * | (206.886/ 49.1605) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -21.01 % | * | 1.8303 | * | 4.2084 |
= | ROA % | * | Equity Multiplier | ||
= | -38.45 % | * | 4.2084 | ||
= | -161.83 % |
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:
The Oncology Institute's annulized ROA % for the quarter that ended in Mar. 2024 is
ROA % | (Q: Mar. 2024 ) | ||
= | Net Income | / | Total Assets |
= | -79.556 | / | 206.886 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-79.556 / 378.664) | * | (378.664 / 206.886) |
= | Net Margin % | * | Asset Turnover |
= | -21.01 % | * | 1.8303 |
= | -38.45 % |
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 The Oncology Institute's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Havencrest Healthcare Partners, L.p. | 10 percent owner | 5221 N. O'CONNOR BLVD., SUITE 1200, IRVING TX 75039 |
Mihir Shah | officer: Chief Financial Officer, other: Principal Financial Officer | C/O 1668 S. GARFIELD AVENUE, 2ND FLOOR, ALHAMBRA CA 91801 |
Brad Hively | director, officer: Chief Executive Officer | C/O THE ONCOLOGY INSTITUTE OF HOPE, 18000 STUDEBAKER ROAD, SUITE 800, CERRITOS CA 90703 |
Jeremy Castle | officer: Chief Operating Officer | 1800 STUDEBAKER ROAD, SUITE 800, CERRITOS CA 90703 |
Richard A Barasch | director, officer: Executive Chairman | C/O UNIVERSAL AMERICAN FINANCIAL CORP, SIX INTERNATIONAL DRIVE SUITE 190, RYE BROOK NY 10573 |
Matthew P Miller | officer: Chief Operating Officer | C/O THE ONCOLOGY INSTITUTE OF HOPE, 18000 STUDEBAKER ROAD, SUITE 800, CERRITOS CA 90703 |
Daniel Virnich | officer: Chief Operating Officer | C/O THE ONCOLOGY INSTITUTE OF HOPE, 18000 STUDEBAKER ROAD, SUITE 800, CERRITOS CA 90703 |
Yale Podnos | officer: Chief Medical Officer | C/O THE ONCOLOGY INSTITUTE OF HOPE, 18000 STUDEBAKER ROAD, SUITE 800, CERRITOS CA 90703 |
Diona Simoneit | officer: Chief Accounting Officer, other: Principal Accounting Officer | C/O THE ONCOLOGY INSTITUTE OF HOPE, 18000 STUDEBAKER ROAD, SUITE 800, CERRITOS CA 90703 |
Mohit Kaushal | director | 44 SOUTH BROADWAY, WHITE PLAINS NY 10601 |
Gabriel Ling | director | C/O THE ONCOLOGY INSTITUTE OF HOPE, 18000 STUDEBAKER ROAD, SUITE 800, CERRITOS CA 90703 |
Mark L Pacala | director | C/O THE ONCOLOGY INSTITUTE OF HOPE, 18000 STUDEBAKER ROAD, SUITE 800, CERRITOS CA 90703 |
Richy Agajanian | 10 percent owner | C/O THE ONCOLOGY INSTITUTE OF HOPE, 18000 STUDEBAKER ROAD, SUITE 800, CERRITOS CA 90703 |
Maeve O'meara | director | C/O CASTLIGHT HEALTH, INC., 150 SPEAR ST., SUITE 400, SAN FRANCISCO CA 94105 |
Toi Hc I, Llc | 10 percent owner | 2100 MCKINNEY AVENUE, SUITE 1760, DALLAS TX 75201 |
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