Asset Turnover (Annual)

Asset Turnover: The amount of sales or revenues generated per dollar of assets. The Asset Turnover ratio is an indicator of the efficiency with which a company is deploying its assets. Calculated as: Total Revenues / Total Assets

TRUTANKLESS INC. (TKLS) had Asset Turnover of 0.07 for the most recently reported fiscal year, ending 2024-12-31.

Quarterly Annual

Figures for fiscal year ending 2024-12-31

Income Statement Financials
Revenue	$0.24M
Net Income	$-10.19M
Cost of Goods Sold	$0.28M
Gross Profit	$-0.04M
Operating Expenses	$5.46M
Operating Income	$-5.22M
Non-Operating Income/Expense	$-4.97M
Pre-Tax Income	$-10.19M
Normalized Pre-Tax Income	$-10.19M
Income after Taxes	$-10.19M
Income from Continuous Operations	$-10.19M
Consolidated Net Income/Loss	$-10.19M
Normalized Income after Taxes	$-10.19M
EBIT	$-5.22M
EBITDA	$-5.20M
Weighted-Average Shares Outstanding (Basic)	88.73M
Weighted-Average Shares Outstanding (Diluted)	88.73M
Earnings per Share (EPS) (Basic)	$-0.11
Earnings per Share (EPS) (Diluted)	$-0.11
Balance Sheet Financials
Current Assets	$3.01M
Property, Plant, and Equipment	$0.19M
Long-Term Assets	$0.39M
Total Assets	$3.40M
Current Liabilities	$8.94M
Long-Term Debt	$0.71M
Long-Term Liabilities	$0.81M
Total Liabilities	$9.74M
Common Equity	$-6.35M
Tangible Shareholders Equity	$-6.36M
Shareholders Equity	$-6.35M
Common Shares Outstanding	128.61M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$-2.32M
Cash Flow from Investing Activities	$-0.19M
Cash Flow from Financial Activities	$3.49M
Beginning Cash	$0.02M
End Cash	$1.00M
Increase/Decrease in Cash	$0.98M
Stock-Based Compensation	$7.94M
Common Stock Dividends Paid	--
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	0.34
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	-0.13
Debt to Equity Ratio	-1.07
Gross Margin	-15.27%
Operating Margin	-2153.93%
EBIT Margin	-2153.93%
EBITDA Margin	-2146.35%
Pre-Tax Profit Margin	-4203.05%
Profit Margin	-4203.05%
Free Cash Flow	$-2.51M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.07
Inventory Turnover	0.80
Receiveable Turnover	5.57
Days Sales in Receivables	65.55
Return on Equity	160.50%
Return on Tangible Equity	160.20%
Return on Assets	-299.85%
Return on Investments	180.61%
Book Value Per Share	$-0.05
Free Cash Flow per Share	$-0.03
Operating Cash Flow per Share	$-0.03

Data from Zacks Investment Research, Inc.