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Heritage Global Inc   (HGBL)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
 

Heritage Global Inc Asset Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics

Due to the increase in investments during the third quarter 2023, Heritage Global Inc 's asset turnover ratio sequentially decreased to 0.84 in the third quarter (Sep 30 2023), this is lower than usual.

Within sector 65 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 1108 to 1346.


What is Asset Turnover Ratio?
What is Heritage Global Inc Market Share?


HGBL 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 36.05 % 41.77 % 32.5 % 31.52 % 38.26 %
Y / Y Revenue Change 22.83 % 18.37 % 77.54 % 83.83 % 111.33 %
Asset Turnover Ratio (TTM) 0.84 0.86 0.91 0.84 0.78
HGBL's Total Ranking # 1346 # 1108 # 1068 # 1927 # 982
Seq. Asset Change 0.76 % 10.14 % 5.61 % 16.09 % 4.99 %
Seq. Revenue Change 18.73 % -21.15 % 20.11 % 9.24 % 14.42 %



Asset Turnover Ratio Company Ranking
Within: No.
Professional Services Industry # 66
Services Sector # 220
Overall Market # 1346

Asset Turnover Ratio Statistics
High Average Low
1.57 0.97 0.31
(Sep 30 2018)   (Dec. 30, 2013)







Companies with similar Asset Turnover Ratio for the quarter ending Sep 30 2023, within Services Sector Asset Turnover Ratio Revenues for 12 Months ending Sep 30 2023 Assets at quarter ending Sep 30 2023
Manpowergroup Inc   2.15 $ 19,091.700  Millions$ 8,869.500  Millions
Rush Street Interactive Inc   2.11 $ 674.862  Millions$ 319.875  Millions
Dallasnews Corporation  2.10 $ 144.816  Millions$ 69.074  Millions
Inuvo Inc   2.08 $ 70.756  Millions$ 34.043  Millions
Trueblue Inc   2.07 $ 1,971.744  Millions$ 954.102  Millions
Fluent Inc   2.04 $ 310.302  Millions$ 152.078  Millions
Commonwealth Income and Growth Fund V  2.04 $ 0.158  Millions$ 0.078  Millions
Wag Group Co   2.02 $ 101.729  Millions$ 50.255  Millions
Value Exchange International Inc   1.99 $ 12.607  Millions$ 6.338  Millions
Nathans Famous Inc   1.98 $ 134.297  Millions$ 67.962  Millions
Troika Media Group Inc   1.94 $ 291.776  Millions$ 150.398  Millions
Mastech Digital Inc   1.94 $ 212.262  Millions$ 109.618  Millions
Potbelly Corporation  1.94 $ 485.812  Millions$ 251.054  Millions
Katapult Holdings Inc   1.92 $ 214.345  Millions$ 111.632  Millions
Nogin Inc   1.90 $ 113.817  Millions$ 59.935  Millions
Research Solutions inc   1.87 $ 39.048  Millions$ 20.844  Millions
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Cleartronic Inc   1.85 $ 2.132  Millions$ 1.155  Millions
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Castellum Inc   1.81 $ 65.224  Millions$ 36.062  Millions
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Mrc Global Inc   1.78 $ 3,513.000  Millions$ 1,968.500  Millions
Texas Roadhouse inc   1.78 $ 4,476.840  Millions$ 2,515.465  Millions
Faze Holdings Inc   1.78 $ 89.496  Millions$ 50.405  Millions
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Harte Hanks Inc  1.71 $ 196.778  Millions$ 115.085  Millions
Douglas Elliman Inc   1.69 $ 886.842  Millions$ 523.772  Millions

Date modified: 2023-11-12T12:20:45+00:00



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