Thursday, February 20, 2020 9:03:03 PM
Q3 financials show the asset turnover ratio (efficiency) CONTINUING & STRENGTHENING its upward trajectory, confirming that Exxe is successfully executing their huge growth strategy.
Q3 '18: $.586m / $19.785m = .0296
Q4 '18: $.719m / $41.323m = .0174
Q1 '19: $1.206m / $91.794m = .0131
Q2 '19: $2.610m / $137.102m = .0190
Q3 '19: $4.731m revenue / $166.587m avg assets = .0284 turnover ratio
The turnover ratio measures how well assets are performing over a specific period of time. Since the ratio is a snapshot of a single point, and acquisitions occur at various points, we use the average assets from the start to end of each period.
As pointed out by Rufny (thank you!), the German castle deal does not seem to be included in Q3 numbers, even though the acquisition was announced during the quarter. Look for this revenue stream to continue adding strength to the turnover ratio in the year-end numbers ending March 31st.
$AXXA $4.73m revenue for Q3 with $180m assets means the reversal in the asset turnover ratio is confirmed! This thing is growing into a BEAST! @exxegroup https://t.co/PexVQIDhyu pic.twitter.com/4OYBwcivn1
— Suits & Stocks (@Suits_n_stocks) February 20, 2020
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