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AECOM (ACM) Asset Turnover

: 0.35 (As of Dec. 2023)
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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. AECOM's Revenue for the three months ended in Dec. 2023 was $3,900 Mil. AECOM's Total Assets for the quarter that ended in Dec. 2023 was $11,312 Mil. Therefore, AECOM's Asset Turnover for the quarter that ended in Dec. 2023 was 0.35.

Asset Turnover is linked to ROE % through Du Pont Formula. AECOM's annualized ROE % for the quarter that ended in Dec. 2023 was 16.94%. It is also linked to ROA % through Du Pont Formula. AECOM's annualized ROA % for the quarter that ended in Dec. 2023 was 3.34%.


AECOM Asset Turnover Historical Data

The historical data trend for AECOM's Asset Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AECOM Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.93 0.96 1.08 1.15 1.29

AECOM Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Asset Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.30 0.31 0.32 0.34 0.35

Competitive Comparison

For the Engineering & Construction subindustry, AECOM's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


AECOM Asset Turnover Distribution

For the Construction industry and Industrials sector, AECOM's Asset Turnover distribution charts can be found below:

* The bar in red indicates where AECOM's Asset Turnover falls into.



AECOM Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

AECOM's Asset Turnover for the fiscal year that ended in Sep. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Sep. 2023 )/( (Total Assets (A: Sep. 2022 )+Total Assets (A: Sep. 2023 ))/ count )
=14378.461/( (11139.315+11233.398)/ 2 )
=14378.461/11186.3565
=1.29

AECOM's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=3899.92/( (11233.398+11389.921)/ 2 )
=3899.92/11311.6595
=0.34

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


AECOM  (NYSE:ACM) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

AECOM's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=377.752/2229.814
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(377.752 / 15599.68)*(15599.68 / 11311.6595)*(11311.6595/ 2229.814)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.42 %*1.3791*5.0729
=ROA %*Equity Multiplier
=3.34 %*5.0729
=16.94 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

AECOM's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=377.752/11311.6595
=(Net Income / Revenue)*(Revenue / Total Assets)
=(377.752 / 15599.68)*(15599.68 / 11311.6595)
=Net Margin %*Asset Turnover
=2.42 %*1.3791
=3.34 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


AECOM Asset Turnover Related Terms

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AECOM (ACM) Business Description

Traded in Other Exchanges
Address
13355 Noel Road, Suite 400, Dallas, TX, USA, 75240
Aecom is one of the largest global providers of design, engineering, construction, and management services. It serves a broad spectrum of end markets including infrastructure, water, transportation, and energy. Based in Los Angeles, Aecom has a presence in over 150 countries and employs 51,000. The company generated $14.4 billion in sales and $847 million in adjusted operating income in fiscal 2023.
Executives
Troy Rudd officer: EVP, CFO C/O AECOM, 1999 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90064
Lara Poloni officer: Chief Executive, EMIA C/O AECOM, 1999 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90067
Douglas Stotlar director C/O RELIANCE STEEL & ALUMINUM CO., 16100 N. 71ST STREET, SUITE 400, SCOTTSDALE AZ 85254
Daniel R. Tishman director, officer: Vice Chairman 555 S. FLOWER STREET, SUITE 3700, LOS ANGELES CA 90071
Todd Battley officer: Chief Strategy Officer C/O AECOM, 300 SOUTH GRAND AVENUE, 9TH FLOOR, LOS ANGELES CA 90071
Kristy Pipes director C/O PS BUSINESS PARKS, INC., 701 WESTERN AVENUE, GLENDALE CA 91201
Van 't Noordende Alexander M director C/O ACCENTURE, 161 N. CLARK STREET, CHICAGO IL 60601
Diane C Creel director 249 BAY SHORE AVENUE, N/A, LONG BEACH CA 90803
Lydia H Kennard director 155 N LAKE AVE, PASADENA CA 91101
Shirley A Adams officer: Chief Human Resources Officer C/O AECOM, 300 SOUTH GRAND AVENUE, 9TH FLOOR, LOS ANGELES CA 90071
Brad W Buss director 198 CHAMPION COURT, SAN JOSE CA 95134
Chuan-sheng Chiao officer: President, Asia Pacific C/O AECOM, 1999 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90067
David Y. Gan officer: Chief Legal Officer C/O AECOM, 1999 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90067
John C. Vollmer officer: Group President, MS C/O AECOM, 1999 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90067
Jacqueline C. Hinman director 9191 SOUTH JAMAICA STREET, ENGLEWOOD CO 80112