Veritas Farms Inc Asset Turnover Ratio (ARUU), as of third quarter 2023, current and historic results, rankings and more - CSIMarket
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Veritas Farms Inc   (ARUU)
 

Veritas Farms Inc Asset Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics

Veritas Farms Inc asset turnover ratio, the ability of Veritas Farms Inc 's assets to generate revenue in the third quarter 2023, increased sequentially to 0.11 in the third quarter (Sep 30 2023), yet the ratio remained below the average, as ARUU's position remain challenging.

Within sector 28 more businesses have achieved higher asset turnover ratio. While ranking the asset turnover ratio, among all other companies, it is fair to say, that the company's position has deteriorated in the Third Quarter 2023 compared to the preceding quarter from 3272 to 3273.

Asset Turnover Ratio Definition



ARUU Asset Turnover Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Asset Change -0.35 % -33.19 % -24.24 % -20.97 % -28.08 %
Y / Y Revenue Change 30.78 % -40.51 % -56.48 % -89.32 % -67.54 %
Asset Turnover Ratio (TTM) 0.11 0.1 0.11 0.13 0.24
ARUU's Total Ranking # 3273 # 3272 # 3089 # 3251 # 3132
Seq. Asset Change 52.31 % -13.95 % -6.59 % -18.61 % 2.12 %
Seq. Revenue Change 38.9 % -19.03 % 82.33 % -36.22 % -36.82 %



Asset Turnover Ratio Company Ranking
Within: No.
Agricultural Production Industry # 29
Consumer Non Cyclical Sector # 163
Overall Market # 3273

Asset Turnover Ratio Statistics
High Average Low
0.55 0.29 0.1
(Dec 31 2019)   (Jun 30 2023)







Companies with similar Asset Turnover Ratio for the quarter ending Sep 30 2023, within Consumer Non Cyclical Sector Asset Turnover Ratio Revenues for 12 Months ending Sep 30 2023 Assets at quarter ending Sep 30 2023
Hempacco Co Inc   0.20 $ 2.534  Millions$ 12.589  Millions
Brewbilt Brewing Company  0.18 $ 0.381  Millions$ 2.093  Millions
Tilray Brands Inc   0.14 $ 650.109  Millions$ 4,639.947  Millions
Nightfood Holdings Inc   0.13 $ 0.062  Millions$ 0.483  Millions
Veritas Farms Inc   0.11 $ 0.731  Millions$ 6.731  Millions
Bioceres Crop Solutions Corp   0.10 $ 83.982  Millions$ 823.353  Millions
Alico Inc   0.10 $ 39.846  Millions$ 417.574  Millions
Panacea Life Sciences Holdings Inc   0.09 $ 1.749  Millions$ 18.658  Millions
Local Bounti Corporation  0.08 $ 26.593  Millions$ 329.714  Millions
Cosciens Biopharma Inc   0.05 $ 1.952  Millions$ 42.023  Millions
Cronos Group Inc   0.04 $ 50.139  Millions$ 1,172.761  Millions
Shineco Inc   0.04 $ 2.650  Millions$ 72.026  Millions



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