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EZCORP (EZCORP) 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. EZCORP's Revenue for the three months ended in Dec. 2023 was $300 Mil. EZCORP's Total Assets for the quarter that ended in Dec. 2023 was $1,474 Mil. Therefore, EZCORP's Asset Turnover for the quarter that ended in Dec. 2023 was 0.20.

Asset Turnover is linked to ROE % through Du Pont Formula. EZCORP's annualized ROE % for the quarter that ended in Dec. 2023 was 14.98%. It is also linked to ROA % through Du Pont Formula. EZCORP's annualized ROA % for the quarter that ended in Dec. 2023 was 7.72%.


EZCORP Asset Turnover Historical Data

The historical data trend for EZCORP'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] => 0.73 [6] => 0.72 [7] => 0.59 [8] => 0.68 [9] => 0.75 )
EZCORP 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 0.73 0.72 0.59 0.68 0.75

EZCORP 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 0.19 0.18 0.18 0.19 0.20

Competitive Comparison

For the Credit Services subindustry, EZCORP'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.


EZCORP Asset Turnover Distribution

For the Credit Services industry and Financial Services sector, EZCORP's Asset Turnover distribution charts can be found below:

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



EZCORP Asset Turnover Calculation

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

EZCORP'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 )
=1049.041/( (1347.878+1467.711)/ 2 )
=1049.041/1407.7945
=0.75

EZCORP'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 )
=299.991/( (1467.711+1481.193)/ 2 )
=299.991/1474.452
=0.20

* 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.


EZCORP  (NAS:EZPW) Asset Turnover Explanation

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

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

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=113.88/760.3255
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(113.88 / 1199.964)*(1199.964 / 1474.452)*(1474.452/ 760.3255)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.49 %*0.8138*1.9392
=ROA %*Equity Multiplier
=7.72 %*1.9392
=14.98 %

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:

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

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=113.88/1474.452
=(Net Income / Revenue)*(Revenue / Total Assets)
=(113.88 / 1199.964)*(1199.964 / 1474.452)
=Net Margin %*Asset Turnover
=9.49 %*0.8138
=7.72 %

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.


EZCORP Asset Turnover Related Terms

Thank you for viewing the detailed overview of EZCORP's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


EZCORP (EZCORP) Business Description

Traded in Other Exchanges
Address
2500 Bee Cave Road, Suite 200, Building One, Rollingwood, TX, USA, 78746
EZCORP Inc is a United States-based company engaged in offering pawn loans in the United States and Mexico. It also offers short-term unsecured loans and other consumer financial products, and buy and sell second-hand goods. The operating segments of the company are us Pawn, Latin America Pawn, and other international. us Pawn segment includes all pawn activities in the United States. Latin America Pawn segment includes all pawn activities in Mexico and other parts of Latin America. The company generates revenue from merchandise sales, jewelry scrapping sales, and pawn service charges, of which key revenue is derived from the merchandise sales which are primarily collateral forfeited from pawn lending operations and used merchandise purchased from the customers.
Executives
Nicole Swies officer: Chief Revenue, Operations Off 2500 BEE CAVE ROAD, BLDG. 1, SUITE 200, ROLLINGWOOD TX 78746
Ellen H Bryant officer: V.P., Deputy General Counsel 2500 BEE CAVE ROAD, BLDG. 1, STE. 200, ROLLINGWOOD TX 78746
Robert J Hicks officer: Chief Accounting Officer 2500 BEE CAVE ROAD, BLDG. 1, SUITE 200, ROLLINGWOOD TX 78746
Jason A. Kulas director C/O EZCORP, INC., 2500 BEE CAVE ROAD, BLDG 1 STE 200, ROLLINGWOOD TX 78746
Lisa Vanroekel officer: Chief HR Officer 1601 ELM STREET, SUITE 800, DALLAS TX 75201
Sunil Sajnani officer: VP, Chief Audit Executive 1601 ELM STREET, SUITE 800, DALLAS TX 75201
Timothy Jugmans officer: Interim CFO 2500 BEE CAVE ROAD, BLDG. 1, SUITE 200, ROLLINGWOOD TX 78746
Fred E. Herman officer: Chief Accounting Officer 5501 HEADQUARTERS DRIVE, PLANO TX 75024
Hugo R. Dooner director 2500 BEE CAVE RD, BLDG. 1, SUITE 200, ROLLINGWOOD TX 78746
Wedin Jacob Gustaf Lennart officer: Chief Product & Process Office 9500 VELETTA PLACE, AUSTIN TX 78735
Powell John Blair Jr. officer: Chief Customer Service Officer 2500 BEE CAVE ROAD, BLDG. 1, SUITE 200, ROLLINGWOOD TX 78746
Keith John Robertson officer: Chief Information Officer 2500 BEE CAVE RD., BLD 1 STE 200, ROLLINGWOOD TX 78746
Zena Srivatsa Arnold director 2500 BEE CAVE ROAD, BLDG. 1, SUITE 200, ROLLINGWOOD TX 78746
Webb Robert W.k. director 71 SOUTH WACKER DRIVE, 12TH FLOOR, CHICAGO IL 60606
Shelaghmichael C. Brown director 1511 NANTUCKET, HOUSTON TX 77057