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Forge Innovation Development Corp  (FGNV)
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    Sector  Capital Goods    Industry Construction Services
 

Forge Innovation Development Asset Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics

Forge Innovation Development's asset turnover ratio, the ratio that measures the ability of Forge Innovation Development's assets to generate revenue, sequentially decreased to 0.03 in the third quarter (Sep 30 2023), which does not come as a surprise, as the Forge Innovation Development continue to experience difficult business climate.

Within sector 56 more businesses have achieved higher asset turnover ratio. While Asset turnover ratio total ranking has improved so far during the III Quarter 2023, to 3327, from total ranking in the second quarter 2023 at 3333.


What is Asset Turnover Ratio?
What is Forge Innovation Development Corp Market Share?


FGNV 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 14052.85 % 23014.11 % 9633.34 % -13.4 % -28.93 %
Y / Y Revenue Change 258.81 % 339.57 % 188.39 % 341.57 % 311.11 %
Asset Turnover Ratio (TTM) 0.03 0.04 0.06 1.15 0.82
FGNV's Total Ranking # 3327 # 3333 # 0 # 3333 # 3333
Seq. Asset Change -2.18 % 101.6 % 7164.97 % -1.22 % 59.76 %
Seq. Revenue Change -0.19 % 195.58 % 13.23 % 7.41 % 22.28 %



Asset Turnover Ratio Company Ranking
Within: No.
Construction Services Industry # 57
Capital Goods Sector # 242
Overall Market # 3327

Asset Turnover Ratio Statistics
High Average Low
1.15 0.2 0.02
(Dec 31 2022)   (Dec 31 2018)







Companies with similar Asset Turnover Ratio for the quarter ending Sep 30 2023, within Capital Goods Sector Asset Turnover Ratio Revenues for 12 Months ending Sep 30 2023 Assets at quarter ending Sep 30 2023
Forge Innovation Development Corp  0.05 $ 0.351  Millions$ 7.107  Millions
Momentus Inc   0.04 $ 2.186  Millions$ 60.868  Millions
Solid Power inc   0.03 $ 19.262  Millions$ 567.310  Millions
Concrete Leveling Systems Inc   0.03 $ 0.001  Millions$ 0.026  Millions
Ess Tech Inc   0.03 $ 4.577  Millions$ 151.855  Millions
Nextnav Inc   0.02 $ 3.460  Millions$ 143.848  Millions
Forza X1 Inc   0.02 $ 0.307  Millions$ 15.584  Millions
Peregrine Industries Inc   0.02 $ 0.024  Millions$ 1.352  Millions
Evoair Holdings Inc 0.00 $ 0.388  Millions$ 80.323  Millions
Hyliion Holdings Corp 0.00 $ 1.767  Millions$ 403.143  Millions

Date modified: 2024-02-17T23:08:22+00:00



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