Intercontinental Exchange (Intercontinental Exchange) Asset Turnover

: 0.02 (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. Intercontinental Exchange's Revenue for the three months ended in Dec. 2023 was $2,666 Mil. Intercontinental Exchange's Total Assets for the quarter that ended in Dec. 2023 was $136,553 Mil. Therefore, Intercontinental Exchange's Asset Turnover for the quarter that ended in Dec. 2023 was 0.02.

Asset Turnover is linked to ROE % through Du Pont Formula. Intercontinental Exchange's annualized ROE % for the quarter that ended in Dec. 2023 was 5.83%. It is also linked to ROA % through Du Pont Formula. Intercontinental Exchange's annualized ROA % for the quarter that ended in Dec. 2023 was 1.09%.

Intercontinental Exchange Asset Turnover Historical Data

The historical data trend for Intercontinental Exchange'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.

Intercontinental Exchange Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Asset Turnover

0.07

0.08

0.06

0.05

0.06

Intercontinental Exchange Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Asset Turnover																0.01	0.01	0.02	0.02	0.02

Competitive Comparison

For the Financial Data & Stock Exchanges subindustry, Intercontinental Exchange'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.

Intercontinental Exchange Asset Turnover Distribution

For the Capital Markets industry and Financial Services sector, Intercontinental Exchange's Asset Turnover distribution charts can be found below:

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

Intercontinental Exchange Asset Turnover Calculation

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

Intercontinental Exchange's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
=	9903	/	( (194338	+	136084)	/ 2 )
=	9903	/	165211
=	0.06

Intercontinental Exchange'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 )
=	2666	/	( (137022	+	136084)	/ 2 )
=	2666	/	136553
=	0.02

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.

Intercontinental Exchange (NYSE:ICE) Asset Turnover Explanation

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

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

	ROE %^**		(Q: Dec. 2023 )
=	Net Income	/	Total Stockholders Equity
=	1492	/	25588
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(1492 / 10664)	*	(10664 / 136553)	*	(136553/ 25588)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	13.99 %	*	0.0781	*	5.3366
=	ROA %	*	Equity Multiplier
=	1.09 %	*	5.3366
=	5.83 %

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:

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

	ROA %		(Q: Dec. 2023 )
=	Net Income	/	Total Assets
=	1492	/	136553
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(1492 / 10664)	*	(10664 / 136553)
=	Net Margin %	*	Asset Turnover
=	13.99 %	*	0.0781
=	1.09 %

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.

Intercontinental Exchange Asset Turnover Related Terms

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Intercontinental Exchange (Intercontinental Exchange) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Intercontinental Exchange Inc (NYSE:ICE) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

ICE:Mexico IC2:Germany

Address

5660 New Northside Drive, Atlanta, GA, USA, 30328

Website

https://www.theice.com

Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 56% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (15% of net revenue) and fixed-income and data services segment (29% of net revenue).

Executives

Jeffrey C Sprecher	director, officer: Chief Executive Officer	2100 RIVEREDGE PARKWAY, SUITE 500, ATLANTA GA 30308
Andrew J Surdykowski	officer: General Counsel	5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
James W Namkung	officer: Chief Accounting Officer	C/O INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DRIVE, NW, ATLANTA GA 30318
Christopher Scott Edmonds	officer: Chief Development Officer	INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Warren Gardiner	officer: Chief Financial Officer	INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Benjamin Jackson	officer: President	C/O INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
Douglas Foley	officer: SVP, HR & Administration	INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Martha A Tirinnanzi	director	INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Stuart Glen Williams	officer: Chief Operating Officer	INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR., ATLANTA GA 30328
William Jefferson Hague	director	C/O ICE, 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
Mark Wassersug	officer: Chief Operating Officer	5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
Mayur Kapani	officer: Chief Technology Officer	INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
David S Goone	officer: Sr VP, Chief Strategic Officer	2100 RIVEREDGE PARKWAY, SUITE 500, ATLANTA GA 30308
Lynn C Martin	officer: President & COO, ICE Data Serv	5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30318
Charles R Crisp	director	1301 MCKINNEY STE 700, HOUSTON TX 77010