Name: Total Asset Turnover

Definition: Total asset turnover measures how efficiently the company generates sales from its entire asset base. A high turnover means the company gets a lot of sales out of relatively fewer assets — very efficient. A low turnover may suggest underused assets or bloated balance sheets.

Interpretation:
• In '2021', JZXN's total asset turnover was 0.33, reflecting overall efficiency in utilizing assets. Industry average for Retail-Auto Dealers and Gas Stations in '2021' stood at 1.68.
• In '2021', JZXN's total asset turnover was 0.33, reflecting overall efficiency in utilizing assets. The figure remained stable compared to '2021'. Industry average for Retail-Auto Dealers and Gas Stations in '2021' stood at 1.68. Industry average remained unchanged from prior year.
• In '2022', JZXN's total asset turnover was 0.00, reflecting overall efficiency in utilizing assets. The decline from '2021' may indicate some operational or financial challenges. Industry average for Retail-Auto Dealers and Gas Stations in '2022' stood at 1.72. Industry average increased by 0.04 compared to previous year.
• In '2023', JZXN's total asset turnover was 0.00, reflecting overall efficiency in utilizing assets. The figure remained stable compared to '2022'. Industry average for Retail-Auto Dealers and Gas Stations in '2023' stood at 1.85. Industry average increased by 0.13 compared to previous year.
• In '2024', JZXN's total asset turnover was 0.13, reflecting overall efficiency in utilizing assets. The increase since '2023' reflects strengthening financial performance. Industry average for Retail-Auto Dealers and Gas Stations in '2024' stood at 1.51. Industry average declined by 0.34 from previous year.
Overall, JZXN's total asset turnover has been volatile but showed a downward trend over the past 5 years.

Formula: Total Asset Turnover = Net Sales / Total Assets

Good Range: Ranges from 0.5 to 2 depending on business type.