Mingzhu Logistics Holdings Limited Asset Turnover Ratio (YGMZ), as of fourth quarter 2023, current and historic results, rankings and more - CSIMarket
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Mingzhu Logistics Holdings Limited  (NASDAQ: YGMZ)
    Sector  Services    Industry Personal Services
   Industry Personal Services
   Sector  Services
 

Mingzhu Logistics Holdings Limited Asset Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics

Mingzhu Logistics Holdings Limited's asset turnover ratio, the ratio that measures the ability of Mingzhu Logistics Holdings Limited's assets to generate revenue, sequentially decreased to 0.73 in the fourth quarter (Dec 31 2023), but it does not raise any concerns as Mingzhu Logistics Holdings Limited continue to execute well, and the asset turnover ratio remains above the average.

Within sector 26 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 2023 compared to the preceding quarter from to 1822.

Asset Turnover Ratio Definition



YGMZ Asset Turnover Ratio (Dec 31 2023)
IV. Quarter
0
III. Quarter
0
II. Quarter
0
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Asset Change -40.8 % -26.94 % 4.59 % 14.41 % 38.09 %
Y / Y Revenue Change -21.98 % - - - 557.15 %
Asset Turnover Ratio (TTM) 0.73 - - - 0.82
YGMZ's Total Ranking # 1822 # # # # 2041
Seq. Asset Change -2.19 % -46.86 % 37.48 % -17.15 % 20.7 %
Seq. Revenue Change - - - - -



Asset Turnover Ratio Company Ranking
Within: No.
Personal Services Industry # 27
Services Sector # 444
Overall Market # 1822

Asset Turnover Ratio Statistics
High Average Low
0.7 0.51 0.23
(Dec 31 2023)   (Dec 31 2021)







Companies with similar Asset Turnover Ratio for the quarter ending Dec 31 2023, within Services Sector Asset Turnover Ratio Revenues for 12 Months ending Dec 31 2023 Assets at quarter ending Dec 31 2023
Mediaalpha Inc   2.67 $ 388.149  Millions$ 145.149  Millions
Quotemedia Inc   2.64 $ 18.908  Millions$ 7.155  Millions
Cross Country Healthcare Inc  2.62 $ 2,019.728  Millions$ 769.682  Millions
Global Industrial Company  2.48 $ 1,273.800  Millions$ 514.200  Millions
Rcm Technologies Inc   2.47 $ 262.696  Millions$ 106.191  Millions
Papa John s International Inc   2.45 $ 2,135.713  Millions$ 872.769  Millions
Staffing 360 Solutions Inc   2.40 $ 189.947  Millions$ 78.994  Millions
Paid Inc  2.36 $ 15.786  Millions$ 6.699  Millions
Idt Corp  2.36 $ 1,200.405  Millions$ 509.723  Millions
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Manpowergroup Inc   2.15 $ 18,914.000  Millions$ 8,794.450  Millions
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