Agilysys (Agilysys) Asset Turnover

: 0.20 (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. Agilysys's Revenue for the three months ended in Dec. 2023 was $60.6 Mil. Agilysys's Total Assets for the quarter that ended in Dec. 2023 was $300.9 Mil. Therefore, Agilysys's Asset Turnover for the quarter that ended in Dec. 2023 was 0.20.

Asset Turnover is linked to ROE % through Du Pont Formula. Agilysys's annualized ROE % for the quarter that ended in Dec. 2023 was 161.40%. It is also linked to ROA % through Du Pont Formula. Agilysys's annualized ROA % for the quarter that ended in Dec. 2023 was 102.53%.

Agilysys Asset Turnover Historical Data

The historical data trend for Agilysys'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 0.88 [6] => 1.01 [7] => 0.80 [8] => 0.81 [9] => 0.87 )

Agilysys Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Asset Turnover

0.88

1.01

0.80

0.81

0.87

Agilysys Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Asset Turnover																0.21	0.22	0.23	0.23	0.20

Competitive Comparison

For the Software - Application subindustry, Agilysys'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.

Agilysys Asset Turnover Distribution

For the Software industry and Technology sector, Agilysys's Asset Turnover distribution charts can be found below:

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

Agilysys Asset Turnover Calculation

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

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

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Mar. 2023 )	/	( (Total Assets (A: Mar. 2022 )	+	Total Assets (A: Mar. 2023 ))	/ count )
=	198.065	/	( (214.162	+	243.036)	/ 2 )
=	198.065	/	228.599
=	0.87

Agilysys'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 )
=	60.566	/	( (255.214	+	346.658)	/ 2 )
=	60.566	/	300.936
=	0.20

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.

Agilysys (NAS:AGYS) Asset Turnover Explanation

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

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

	ROE %^**		(Q: Dec. 2023 )
=	Net Income	/	Total Stockholders Equity
=	308.564	/	191.175
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(308.564 / 242.264)	*	(242.264 / 300.936)	*	(300.936/ 191.175)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	127.37 %	*	0.805	*	1.5741
=	ROA %	*	Equity Multiplier
=	102.53 %	*	1.5741
=	161.40 %

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.

^** 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:

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

	ROA %		(Q: Dec. 2023 )
=	Net Income	/	Total Assets
=	308.564	/	300.936
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(308.564 / 242.264)	*	(242.264 / 300.936)
=	Net Margin %	*	Asset Turnover
=	127.37 %	*	0.805
=	102.53 %

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.

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.

Agilysys Asset Turnover Related Terms

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Agilysys (Agilysys) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Agilysys Inc (NAS:AGYS) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

PS3:Germany

Address

1000 Windward Concourse, Suite 250, Alpharetta, GA, USA, 30005

Website

https://www.agilysys.com

Agilysys Inc develops industry-specific technology solutions to help manage businesses. The firm offers technological solutions to control business operations, including property management, point-of-sale, dining reservations, inventory and procurement, analytics, labor management, self-service, and document management. It serves sectors such as gaming, hotels, resorts and cruise, corporate foodservice management, restaurants, universities, stadiums, and healthcare. The majority of the revenues are generated through contract support, maintenance, and subscription services it provides. Agilysys operates across North America, Europe, the Middle East, Asia-Pacific, and India.

Executives

Mak Capital Fund Lp	10 percent owner	590 MADISON AVENUE, 9TH FLOOR, NEW YORK NY 10022
Jerry C Jones	director	301 E. DAVE WARD DRIVE, CONWAY AR 72032
Michael A Kaufman	10 percent owner	590 MADISON AVENUE, 9TH FLOOR, NEW YORK NY 10022
Wood William David Iii	officer: Chief Financial Officer	1000 WINWARD CONCOURSE, #250, ALPHARETTA GA 30005
Chris J Robertson	officer: Controller	1000 WINDWARD CONCOURSE, ALPHARETTA GA 30005
Donald A Colvin	director	ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
Kyle C Badger	officer: SVP, GC & Secretary	40W267 KESLINGER ROAD, LAFOX IL 60147
Melvin L Keating	director	18 DRIFTWOOD DRIVE, LIVINGSTON NJ 07039
John Mutch	other: See Explanation of Responses	C/O PEREGRINE SYSTEMS, INC., 3611 VALLEY CENTRE DRIVE, SAN DIEGO CA 92130
Prabuddha Biswas	officer: CTO & SVP of Technology	3380 146TH PL SE, BELLEVUE WA 98007
Donald Anthony Demarinis	officer: Senior Vice President of Sales	1000 WINDWARD CONCOURSE, SUITE 250, ALPHARETTA GA 30005
Laveti Sridhar	officer: VP of Est. Prod. & Cust. Supp.	1000 WINDWARD CONCOURSE, SUITE 250, ALPHARETTA GA 30005
Jebaseelan Kingsley	officer: VP, Professional Services	1000 WINDWARD CONCOURSE #250, ALPHARETTA GA 30005
Jacks Robert L. Jr.	officer: VP of Professional Services	6775 EDMOND STREET, SUITE 100, LAS VEGAS NV 89118
Mak Capital Distressed Debt Fund I, Lp	10 percent owner	MAK DDF-1 GP LLC, 590 MADISON AVENUE, 24TH FLOOR, NEW YORK NY 10022