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Xeriant (Xeriant) Asset Turnover : 0.00 (As of Mar. 2024)


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What is Xeriant Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Xeriant's Revenue for the three months ended in Mar. 2024 was $0.00 Mil. Xeriant's Total Assets for the quarter that ended in Mar. 2024 was $0.29 Mil. Therefore, Xeriant's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Xeriant's annualized ROE % for the quarter that ended in Mar. 2024 was 29.15%. It is also linked to ROA % through Du Pont Formula. Xeriant's annualized ROA % for the quarter that ended in Mar. 2024 was -517.73%.


Xeriant Asset Turnover Historical Data

The historical data trend for Xeriant'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.

Xeriant Asset Turnover Chart

Xeriant Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Asset Turnover
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Xeriant Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Xeriant's Asset Turnover

For the Aerospace & Defense subindustry, Xeriant'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.


Xeriant's Asset Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Xeriant's Asset Turnover distribution charts can be found below:

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



Xeriant Asset Turnover Calculation

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

Xeriant's Asset Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2023 )/( (Total Assets (A: Jun. 2022 )+Total Assets (A: Jun. 2023 ))/ count )
=0/( (1.27+0.167)/ 2 )
=0/0.7185
=0.00

Xeriant'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/( (0.129+0.452)/ 2 )
=0/0.2905
=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.


Xeriant  (OTCPK:XERI) Asset Turnover Explanation

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

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

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-1.504/-5.16
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1.504 / 0)*(0 / 0.2905)*(0.2905/ -5.16)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*-0.0563
=ROA %*Equity Multiplier
=-517.73 %*-0.0563
=29.15 %

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:

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

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-1.504/0.2905
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.504 / 0)*(0 / 0.2905)
=Net Margin %*Asset Turnover
= %*0
=-517.73 %

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.


Xeriant Asset Turnover Related Terms

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


Xeriant (Xeriant) Business Description

Traded in Other Exchanges
N/A
Address
3998 FAU Boulevard, Suite 309, Innovation Centre No.1, Boca Raton, FL, USA, 33431
Xeriant Inc is a holding and operating company focused on acquiring, developing, and commercializing revolutionary, eco-friendly technologies with applications in aerospace, including innovative aircraft concepts targeting emerging opportunities within the aviation industry. In 2019, Xeriant acquired a unique, scalable, multi-purpose VTOL aerial platform called Halo, which is protected under a broad utility patent. Xeriant is located at the Research Park at Florida Atlantic University in Boca Raton, Florida adjacent to the Boca Raton Airport.
Executives
Edward C. Defeudis director 604 ARIZONA AVENUE, SANTA MONICA CA 90401
Brendan Macpherson director, 10 percent owner, officer: Chief Executive Officer 76 WILLIAM ST, PADDINGTON C3 2021
Macpherson Belinda Storelli director, 10 percent owner, officer: Chief Creative Officer 76 WILLIAM ST., PADDINGTON C3 2021
Raymond Key 10 percent owner 396 FRANKTON-LADIES MILE HIGHWAY, QUEENSTOWN Q2 9304
Richard C Fox director, officer: Interim CEO: Interim CFO 131 COURT ST. #11, EXETER NH 03833
Randy S Bayne officer: President, Encom Group, Inc.
Aqmen Family Holdings, Llc 10 percent owner 13403 OAK ALLEY LANE, CYPRESS TX 77429
Eman Mark Van 10 percent owner, officer: See Remark Below 13403 OAK ALLEY LANE, CYPRESS TX 77429
Bradley W Miller director, 10 percent owner, officer: CEO BLOCK C FLAT 410, LOTUS HILL GOLF APTS., LOTUS HILL TOWN, PANYU DISTRICT, GUANGZHOU F4 511440
Nicole Machelle Stacy officer: Secretary 3330 EAST 36TH, APT. #18, TULSA OK 74035