GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » InnerWorkings Inc (NAS:INWK) » Definitions » Asset Turnover

InnerWorkings (InnerWorkings) Asset Turnover : 0.37 (As of Jun. 2020)


View and export this data going back to 2006. Start your Free Trial

What is InnerWorkings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. InnerWorkings's Revenue for the three months ended in Jun. 2020 was $203 Mil. InnerWorkings's Total Assets for the quarter that ended in Jun. 2020 was $554 Mil. Therefore, InnerWorkings's Asset Turnover for the quarter that ended in Jun. 2020 was 0.37.

Asset Turnover is linked to ROE % through Du Pont Formula. InnerWorkings's annualized ROE % for the quarter that ended in Jun. 2020 was -18.75%. It is also linked to ROA % through Du Pont Formula. InnerWorkings's annualized ROA % for the quarter that ended in Jun. 2020 was -5.71%.


InnerWorkings Asset Turnover Historical Data

The historical data trend for InnerWorkings'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.

InnerWorkings Asset Turnover Chart

InnerWorkings Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.66 1.82 1.83 1.76 1.85

InnerWorkings Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
Asset Turnover Get a 7-Day Free Trial 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 0.46 0.44 0.49 0.43 0.37

Competitive Comparison of InnerWorkings's Asset Turnover

For the Advertising Agencies subindustry, InnerWorkings'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.


InnerWorkings's Asset Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, InnerWorkings's Asset Turnover distribution charts can be found below:

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



InnerWorkings Asset Turnover Calculation

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

InnerWorkings's Asset Turnover for the fiscal year that ended in Dec. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2019 )/( (Total Assets (A: Dec. 2018 )+Total Assets (A: Dec. 2019 ))/ count )
=1157.834/( (621.729+629.283)/ 2 )
=1157.834/625.506
=1.85

InnerWorkings's Asset Turnover for the quarter that ended in Jun. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2020 )/( (Total Assets (Q: Mar. 2020 )+Total Assets (Q: Jun. 2020 ))/ count )
=203.311/( (583.306+525.033)/ 2 )
=203.311/554.1695
=0.37

* 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.


InnerWorkings  (NAS:INWK) Asset Turnover Explanation

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

InnerWorkings's annulized ROE % for the quarter that ended in Jun. 2020 is

ROE %**(Q: Jun. 2020 )
=Net Income/Total Stockholders Equity
=-31.648/168.7565
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-31.648 / 813.244)*(813.244 / 554.1695)*(554.1695/ 168.7565)
=Net Margin %*Asset Turnover*Equity Multiplier
=-3.89 %*1.4675*3.2838
=ROA %*Equity Multiplier
=-5.71 %*3.2838
=-18.75 %

Note: The Net Income data used here is four times the quarterly (Jun. 2020) net income data. The Revenue data used here is four times the quarterly (Jun. 2020) 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:

InnerWorkings's annulized ROA % for the quarter that ended in Jun. 2020 is

ROA %(Q: Jun. 2020 )
=Net Income/Total Assets
=-31.648/554.1695
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-31.648 / 813.244)*(813.244 / 554.1695)
=Net Margin %*Asset Turnover
=-3.89 %*1.4675
=-5.71 %

Note: The Net Income data used here is four times the quarterly (Jun. 2020) net income data. The Revenue data used here is four times the quarterly (Jun. 2020) 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.


InnerWorkings Asset Turnover Related Terms

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


InnerWorkings (InnerWorkings) Business Description

Traded in Other Exchanges
N/A
Address
203 North LaSalle Street, Suite 1800, Chicago, IL, USA, 60601
InnerWorkings Inc is a marketing supply-chain company that provides marketing solutions, such as advertising materials, branded merchandise, product packaging, and retail displays. The company has three geographical reportable segments namely North America, EMEA, and LATAM. It generates maximum revenue from North America segment. The company operates a software platform called VALO that enables customers to a source, produce, monitor, and analyze their marketing plan with the company.
Executives
Richard S Stoddart director, officer: President and CEO C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Adan Pope officer: Chief Technology Officer 203 NORTH LASALLE CHICAGO IL 60601
Renae Chorzempa officer: Chief Human Resources Officer C/O INNERWORKINGS, INC. 600 WEST CHICAGO AVENUE CHICAGO IL 60654
Oren B. Azar officer: EVP and General Counsel 600 WEST CHICAGO AVE #850 CHICAGO IL 60654
Marc Zenner director 1000 LOUISIANA STREET, SUITE 3850, HOUSTON TX 77002
Ronald Provenzano officer: Head of Operations C/O INNERWORKINGS, INC. 600 W. CHICAGO AVE. #850 CHICAGO IL 60654
Lindsay Y Corby director 180 NORTH LASALLE STREET, SUITE 300, CHICAGO IL 60601
Charles K Bobrinskoy director C/O INNERWORKINGS, INC., 600 WEST CHICAGO AVENUE, SUITE 850, CHICAGO IL 60654
Donald W Pearson officer: Executive VP and CFO 425 N. MARTINGALE ROAD SUITE 2050 SCHAUMBURG IL 60173-2213
John Bosshart officer: Chief Accounting Officer 500 W. MADISON STREET, #1000, CHICAGO IL 60661
David Fisher director 39 SOUTH LASALLE STREET, SUITE 220, CHICAGO IL 60605
Julie Howard director MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Adam J Gutstein director 875 N. MICHIGAN AVE. STE 3000 CHICAGO IL 60611
Jack M Greenberg director 333 WEST WACKER DR, CHICAGO IL 60606
Kirt P Karros director 12400 HIGH BLUFF DR. SUITE 600, SAN DIEGO CA 92130

InnerWorkings (InnerWorkings) Headlines

From GuruFocus

InnerWorkings Reports Preliminary Select First Quarter Results

By Business Wire Business Wire 05-14-2020