Hitek Global Inc Asset Turnover Ratio (HKIT), as of fourth quarter 2024, current and historic results, rankings and more - CSIMarket
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Hitek Global Inc  (NASDAQ: HKIT)
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 

Hitek Global Inc Asset Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics

Due to the increase in investments during the fourth quarter 2024, Hitek Global Inc's asset turnover ratio sequentially decreased to 0.07 in the fourth quarter (Dec 31 2024), this is lower than usual.

Within sector 199 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 fourth quarter 2024 compared to the preceding quarter from 3322 to 3471.

Asset Turnover Ratio Definition



HKIT Asset Turnover Ratio (Dec 31 2024)
IV. Quarter
0
III. Quarter
0
II. Quarter
0
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Asset Change 20.42 % -4.9 % 111.48 % 50.36 % 43.58 %
Y / Y Revenue Change -54.81 % - - - -0.5 %
Asset Turnover Ratio (TTM) 0.07 - - - 0.21
HKIT's Total Ranking # 3471 # 3322 # 3334 # 0 #
Seq. Asset Change 20.24 % -25.28 % 23.38 % 8.64 % -5.05 %
Seq. Revenue Change - - - - -



Asset Turnover Ratio Company Ranking
Within: No.
Software & Programming Industry # 200
Technology Sector # 639
Overall Market # 3471

Asset Turnover Ratio Statistics
High Average Low
0.38 0.25 0.07
(Dec 31 2021)   (Dec 31 2024)







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