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Local Bounti Corporation  (LOCL)
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Local Bounti Asset Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics

Due to the increase in investments during the third quarter 2023, Local Bounti's asset turnover ratio sequentially decreased to 0.08 in the third quarter (Sep 30 2023), this is lower than usual.

Within sector 30 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 956 to 3273.


What is Asset Turnover Ratio?
What is Local Bounti Corporation Market Share?


LOCL 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 44.6 % 38.56 % 136.11 % 93.94 % -5.01 %
Y / Y Revenue Change 1.91 % 9.3 % 2275.18 % 940.44 % -
Asset Turnover Ratio (TTM) 0.08 0.09 0.09 0.08 0.07
LOCL's Total Ranking # 3273 # 956 # 2937 # 1137 # 3247
Seq. Asset Change 3.45 % 22.69 % 6.99 % 6.49 % -0.87 %
Seq. Revenue Change -6.52 % 2.3 % 0.9 % 5.62 % 0.26 %



Asset Turnover Ratio Company Ranking
Within: No.
Agricultural Production Industry # 31
Consumer Non Cyclical Sector # 154
Overall Market # 3273

Asset Turnover Ratio Statistics
High Average Low
0.09 0.08 0.07
(Mar 31 2023)   (Sep 30 2022)







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
Molson Coors Beverage Company  0.14 $ 3,739.700  Millions$ 26,269.700  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
Alico Inc   0.10 $ 39.846  Millions$ 418.508  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
Shineco Inc  0.06 $ 4.402  Millions$ 72.026  Millions
Cronos Group Inc   0.04 $ 50.139  Millions$ 1,172.761  Millions

Date modified: 2023-11-17T12:59:19+00:00



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