MingZhu Logistics Holdings annual asset turnover
2020
2021
2022
2023
2024
MingZhu Logistics Holdings Asset Turnover Growth & History (YGMZF)
MingZhu Logistics Holdings's asset turnover was 0.37 for fiscal 2024.
View full MingZhu Logistics Holdings company overviewMingZhu Logistics Holdings annual asset turnover history
| Fiscal year | Period ended | Asset turnover | Change | Growth |
|---|---|---|---|---|
| 2024 | 2024-12-31 | 0.37 | −0.42 | −53.12% |
| 2023 | 2023-12-31 | 0.79 | 0.06 | +8.32% |
| 2022 | 2022-12-31 | 0.73 | 0.42 | +132.39% |
| 2021 | 2021-12-31 | 0.31 | −0.38 | −54.51% |
| 2020 | 2020-12-31 | 0.69 | — | — |
MingZhu Logistics Holdings asset turnover trends
Between the periods ended 2020-12-31 and 2024-12-31, MingZhu Logistics Holdings's asset turnover decreased from 0.69 to 0.37, a change of −0.32.
About the metric
What asset turnover means
Asset turnover measures how much revenue a company generates for each unit of assets employed in the business. A higher ratio generally indicates more efficient asset use, although useful comparisons depend heavily on the industry.
Calculation and source
How asset turnover is calculated
TickerStat calculates annual asset turnover as reported revenue divided by average total assets. Quarterly values use trailing-12-month revenue and average assets over the corresponding one-year period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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