Veritec Inc Asset Turnover Ratio (VRTC), as of first quarter 2025, current and historic results, rankings and more - CSIMarket
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• Sales per Employee
• Income per Employee
• Inventory Turnover
• Asset Turnover
• Receivables Turnover
Veritec Inc   (VRTC)
 

Veritec Inc Asset Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics

Veritec Inc 's asset turnover ratio, the ratio that measures the ability of Veritec Inc 's assets to generate revenue, sequentially decreased to 3.64 in the first quarter (Sep 30 2024), which does not come as a surprise, as the Veritec Inc continue to experience difficult business climate.

Within sector 5 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 First Quarter 2025 compared to the preceding quarter from 445 to 513.

Asset Turnover Ratio Definition


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VRTC Asset Turnover Ratio (Sep 30 2024)
I. Quarter		 (Jun 30 2024)
IV. Quarter		 (Mar 31 2024)
III. Quarter		 (Dec 31 2023)
II. Quarter		 (Sep 30 2023)
I. Quarter
Y / Y Asset Change 19.05 % 78.38 % 20.86 % -43.37 % -61.35 %
Y / Y Revenue Change -32.76 % 162.3 % 56.32 % 0 % -42.57 %
Asset Turnover Ratio (TTM) 3.64 3.89 3.48 3.24 2.65
VRTC's Total Ranking # 513 # 445 # 469 # 489 # 0
Seq. Asset Change -43.18 % -21.43 % 51.35 % 76.19 % -14.86 %
Seq. Revenue Change -75.63 % 17.65 % 27.1 % 84.48 % -4.92 %



Asset Turnover Ratio Company Ranking
Within: No.
Internet Services & Social Media Industry # 6
Technology Sector # 41
Overall Market # 513

Asset Turnover Ratio Statistics
High Average Low
61.73 43.02 18.97
(Jun 30 2018)   (Dec 31 2023)




VRTC Company Profile • Back to VRTC Efficiency Comparisons • Compare VRTC Asset Turnover Ratio to its Competitors



Companies with similar Asset Turnover Ratio for the quarter ending Sep 30 2024, within Technology Sector Asset Turnover Ratio Revenues for 12 Months ending Sep 30 2024 Assets at quarter ending Sep 30 2024
Tianci International Inc   11.19 $ 10.272  Millions$ 0.918  Millions
Datasea Inc  7.80 $ 38.176  Millions$ 4.892  Millions
BioScience Health Innovations, Inc.  7.54 $ 1.538  Millions$ 0.204  Millions
GHST World Inc.  6.59 $ 0.063  Millions$ 0.010  Millions
Infinite Group Inc   5.11 $ 6.537  Millions$ 1.279  Millions
Powerdyne International Inc  5.02 $ 1.218  Millions$ 0.243  Millions
Compass Inc   4.53 $ 5,345.100  Millions$ 1,180.050  Millions
Airship Ai Holdings Inc   3.69 $ 24.050  Millions$ 6.511  Millions
Veritec Inc   3.64 $ 0.442  Millions$ 0.122  Millions
Tuatara Capital Acquisition Corp  3.53 $ 25.180  Millions$ 7.137  Millions
Rubicon Technologies Inc   3.40 $ 679.405  Millions$ 199.616  Millions
Leet Technology Inc   3.09 $ 0.841  Millions$ 0.272  Millions
Urgent ly Inc   2.98 $ 249.481  Millions$ 83.816  Millions
Everquote Inc   2.79 $ 408.440  Millions$ 146.204  Millions
Healthcare Triangle Inc   2.70 $ 16.566  Millions$ 6.129  Millions
Freeze Tag Inc   2.68 $ 2.006  Millions$ 0.747  Millions
Heartcore Enterprises Inc   2.63 $ 54.711  Millions$ 20.784  Millions
Celestica Inc   2.56 $ 15,060.800  Millions$ 5,890.650  Millions
Netlist Inc  2.54 $ 146.784  Millions$ 57.802  Millions
Mobivity Holdings Corp   2.45 $ 5.305  Millions$ 2.166  Millions
Widepoint Corporation  2.41 $ 133.125  Millions$ 55.303  Millions
Podcastone Inc   2.35 $ 58.099  Millions$ 24.731  Millions
Super Micro Computer Inc   2.26 $ 18,804.859  Millions$ 8,303.746  Millions
Eva Live Inc   2.23 $ 8.660  Millions$ 3.885  Millions
Toast Inc   2.22 $ 4,658.000  Millions$ 2,098.000  Millions
Innodata inc   1.98 $ 137.393  Millions$ 69.287  Millions
Upay Inc   1.95 $ 1.123  Millions$ 0.575  Millions
Sidechannel Inc   1.94 $ 7.400  Millions$ 3.809  Millions
Vpr Brands Lp  1.89 $ 6.054  Millions$ 3.210  Millions
Syntec Optics Holdings Inc   1.87 $ 48.636  Millions$ 26.064  Millions



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