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Microcap & Penny Stocks : AMNF (Armanino Foods of Distinction)
AMNF 10.15-0.4%Oct 31 9:30 AM EDT
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From: E_K_S10/16/2023 9:52:38 AM
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Asset Turnover

posted this on SI Value investment thread:

Here is what AI Bard thinks about High Asset Turn Over.

Never really thought about this in the context of 'Value' or something one would scan for.

(FWIW A good asset turnover ratio for a retail food company is typically considered to be between 1.5 and 2.5. This means that the company is generating $1.5 to $2.5 in revenue for every $1 in assets.)

When you scale your operations & you have good margins; you get in the 2.5x range


Question to AI BARD
What is Armanio Foods Dist Asset Turnover as defined by Asset turnover measures the efficiency of a company in using its assets to generate revenues. Asset turnover is calculated by dividing a company's operating income by its total assets.


According to the most recent quarterly data, Armanino Foods of Distinction's asset turnover is 1.75302429. This means that the company generates $1.75 in revenue for every $1 in assets. This is an improvement over last year's asset turnover of 1.49108984.

A higher asset turnover ratio generally indicates that a company is more efficient in using its assets to generate revenue. However, it is important to compare a company's asset turnover ratio to other companies in the same industry, as asset turnover can vary depending on the industry.

It is also important to note that a high asset turnover ratio may not always be a good thing. For example, a company may achieve a high asset turnover ratio by selling off its assets or by taking on a lot of debt.

Overall, Armanino Foods of Distinction's asset turnover ratio is a positive indicator of the company's efficiency. However, it is important to monitor the ratio over time to see if it is trending in the right direction.

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No Debt definitely helps!
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