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Tristar Acquisition I (Tristar Acquisition I) Asset Turnover : 0.00 (As of Mar. 2024)


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What is Tristar Acquisition I Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Tristar Acquisition I's Revenue for the three months ended in Mar. 2024 was $0.00 Mil. Tristar Acquisition I's Total Assets for the quarter that ended in Mar. 2024 was $116.54 Mil. Therefore, Tristar Acquisition I's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Tristar Acquisition I's annualized ROE % for the quarter that ended in Mar. 2024 was -0.54%. It is also linked to ROA % through Du Pont Formula. Tristar Acquisition I's annualized ROA % for the quarter that ended in Mar. 2024 was -0.53%.


Tristar Acquisition I Asset Turnover Historical Data

The historical data trend for Tristar Acquisition I'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.

Tristar Acquisition I Asset Turnover Chart

Tristar Acquisition I Annual Data
Trend Dec21 Dec22 Dec23
Asset Turnover
- - -

Tristar Acquisition I Quarterly Data
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 - - - - -

Competitive Comparison of Tristar Acquisition I's Asset Turnover

For the Shell Companies subindustry, Tristar Acquisition I'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.


Tristar Acquisition I's Asset Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Tristar Acquisition I's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Tristar Acquisition I's Asset Turnover falls into.



Tristar Acquisition I Asset Turnover Calculation

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

Tristar Acquisition I'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/( (236.78+115.82)/ 2 )
=0/176.3
=0.00

Tristar Acquisition I'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/( (115.82+117.252)/ 2 )
=0/116.536
=0.00

* 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.


Tristar Acquisition I  (NYSE:TRIS) Asset Turnover Explanation

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

Tristar Acquisition I's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-0.612/112.749
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.612 / 0)*(0 / 116.536)*(116.536/ 112.749)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.0336
=ROA %*Equity Multiplier
=-0.53 %*1.0336
=-0.54 %

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:

Tristar Acquisition I's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-0.612/116.536
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.612 / 0)*(0 / 116.536)
=Net Margin %*Asset Turnover
= %*0
=-0.53 %

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.


Tristar Acquisition I Asset Turnover Related Terms

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Tristar Acquisition I (Tristar Acquisition I) Business Description

Traded in Other Exchanges
N/A
Address
2870 Peachtree Road, NW Suite 509, Atlanta, GA, USA, 30305
Tristar Acquisition I Corp is a blank check company.
Executives
Ri (richard) Yuan officer: Chief Investment Officer 2 BURLINGTON WOODS DRIVE, SUITE 100, BURLINGTON, MA 01803
Xiaoma Lu officer: Chief Executive Officer 2 BURLINGTON WOODS DRIVE, SUITE 100, BURLINGTON MA 01803
Xinyue Jasmine Geffner director 105 BAISHI ROAD, JIUZHOU WEST AVENUE, ZHUHAI F4 0000000000
Wang Chiu Wong director THE WHITE HOUSE 20 GENESIS CLOSE, GEORGE TOWN, E9 KY1 1208
Stephen Markscheid director C/O ENER-CORE, INC., 9400 TOLEDO WAY, IRVINE CA 92618
Mounger William M Ii officer: See Remarks C/O TRITEL INC, 111 E CAPITAL STREET SUITE 500, JACKSON MS 39201
Navy Sail International Limited 10 percent owner 19/F 145 HENNESSY ROAD, WANCHAI, HONG KONG F4 00000
Michael H Liu director, officer: CFO 2 BURLINGTON WOODS DRIVE, SUITE 100, BURLINGTON MA 01803
Alex Parker director C/O TRISTAR ACQUISITION I CORP., 2870 PEACHTREE RD. NW, SUITE 509, ATLANTA GA 30305
Gregory Harold Boyd director C/O TRISTAR ACQUISITION I CORP., 2870 PEACHTREE RD. NW, SUITE 509, ATLANTA GA 30305
Tristar Holdings I Llc 10 percent owner 2870 PEACHTREE RD NW, SUITE 509, ATLANTA GA 30305
Jones David A Jr/ky director C/O HUMANA INC, 500 WEST MAIN STREET, LOUISVILLE KY 40202
Cathy-ann Martine-dolecki director, officer: Chief Operating Officer 11126 MCCORMICK ROAD, HUNT VALLEY MD 21031
Chun Yi Hao director, 10 percent owner, officer: CEO 2 BURLINGTON WOODS DRIVE, SUITE 100, BURLINGTON MA 01803
Robert E. Willis director C/O PENSARE SPONSOR GROUP, LLC, 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309

Tristar Acquisition I (Tristar Acquisition I) Headlines