GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Investment Technology Group Inc (NYSE:ITG) » Definitions » Asset Turnover

Investment Technology Group (Investment Technology Group) Asset Turnover : 0.13 (As of Sep. 2018)


View and export this data going back to 1994. Start your Free Trial

What is Investment Technology Group Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Investment Technology Group's Revenue for the three months ended in Sep. 2018 was $120.8 Mil. Investment Technology Group's Total Assets for the quarter that ended in Sep. 2018 was $909.3 Mil. Therefore, Investment Technology Group's Asset Turnover for the quarter that ended in Sep. 2018 was 0.13.

Asset Turnover is linked to ROE % through Du Pont Formula. Investment Technology Group's annualized ROE % for the quarter that ended in Sep. 2018 was 0.26%. It is also linked to ROA % through Du Pont Formula. Investment Technology Group's annualized ROA % for the quarter that ended in Sep. 2018 was 0.10%.


Investment Technology Group Asset Turnover Historical Data

The historical data trend for Investment Technology Group'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.

Investment Technology Group Asset Turnover Chart

Investment Technology Group Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 0.31 0.42 0.38 0.62

Investment Technology Group Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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 0.13 0.16 0.17 0.15 0.13

Competitive Comparison of Investment Technology Group's Asset Turnover

For the Capital Markets subindustry, Investment Technology Group'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.


Investment Technology Group's Asset Turnover Distribution in the Capital Markets Industry

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

* The bar in red indicates where Investment Technology Group's Asset Turnover falls into.



Investment Technology Group Asset Turnover Calculation

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

Investment Technology Group's Asset Turnover for the fiscal year that ended in Dec. 2017 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2017 )/( (Total Assets (A: Dec. 2016 )+Total Assets (A: Dec. 2017 ))/ count )
=483.694/( (775.285+784.856)/ 2 )
=483.694/780.0705
=0.62

Investment Technology Group's Asset Turnover for the quarter that ended in Sep. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2018 )/( (Total Assets (Q: Jun. 2018 )+Total Assets (Q: Sep. 2018 ))/ count )
=120.769/( (926.934+891.759)/ 2 )
=120.769/909.3465
=0.13

* 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.


Investment Technology Group  (NYSE:ITG) Asset Turnover Explanation

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

Investment Technology Group's annulized ROE % for the quarter that ended in Sep. 2018 is

ROE %**(Q: Sep. 2018 )
=Net Income/Total Stockholders Equity
=0.916/356.5985
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(0.916 / 483.076)*(483.076 / 909.3465)*(909.3465/ 356.5985)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.19 %*0.5312*2.5501
=ROA %*Equity Multiplier
=0.10 %*2.5501
=0.26 %

Note: The Net Income data used here is four times the quarterly (Sep. 2018) net income data. The Revenue data used here is four times the quarterly (Sep. 2018) 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:

Investment Technology Group's annulized ROA % for the quarter that ended in Sep. 2018 is

ROA %(Q: Sep. 2018 )
=Net Income/Total Assets
=0.916/909.3465
=(Net Income / Revenue)*(Revenue / Total Assets)
=(0.916 / 483.076)*(483.076 / 909.3465)
=Net Margin %*Asset Turnover
=0.19 %*0.5312
=0.10 %

Note: The Net Income data used here is four times the quarterly (Sep. 2018) net income data. The Revenue data used here is four times the quarterly (Sep. 2018) 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.


Investment Technology Group Asset Turnover Related Terms

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


Investment Technology Group (Investment Technology Group) Business Description

Traded in Other Exchanges
N/A
Address
165 Broadway, One Liberty Plaza, New York, NY, USA, 10006
Investment Technology Group Inc is a United States-based brokerage and financial technology company. The company provides a wide range of products and services, including electronic brokerage, research, sales and trading, and platforms and analytics. The company generates over half of its revenue from electronic brokerage, research, and sales and trading. The company has a global presence, with a network of offices in North America, Europe, and Asia-Pacific. Its business is categorized into four reporting segments: U.S. operations, Canadian operations, European operations, and Asia-Pacific operations. The U.S. is its largest market.
Executives
Lee Shavel director ONE LIBERTY PLAZA, NEW YORK NY 10006
Brian G. Cartwright director 3760 KILROY AIRPORT WAY SUITE 300, LONG BEACH CA 90806
R Jarrett Lilien director 250 WEST 34TH STREET, 3RD FLOOR, C/O WISDOMTREE, INC., NEW YORK NY 10119
Kevin J Lynch director 201 POST STREET, SUITE 1000, SAN FRANCISCO CA 94108
T Kelley Millet director ITG INC., ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006
Christopher V Dodds director ITG INC., ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006
D. E. Shaw & Co, L.p. 10 percent owner, other: See footnotes 1 and 2 1166 AVENUE OF THE AMERICAS, NINTH FLOOR, NEW YORK NY 10036
David E Shaw 10 percent owner, other: See footnotes 1 and 2 120 WEST FORTY-FIFTH STREET, 39TH FLOOR, NEW YORK NY 10036
D. E. Shaw & Co, L.l.c. 10 percent owner, other: See footnotes 1 and 2 1166 AVENUE OF THE AMERICAS, NINTH FLOOR, NEW YORK NY 10036
D. E. Shaw Laminar Portfolios, L.l.c. 10 percent owner, other: See footnotes 1 and 2. 120 WEST FORTY-FIFTH STREET, 39TH FLOOR, NEW YORK NY 10036
William I Jacobs director C/O MASTERCARD INTERNATIONAL INC, 2000 PURCHASE ST, PUCHASE NY 10577-2509
Killian Raymond L Jr director C/O INVESTMENT TECHNOLOGY GROUP INC, 900 THIRD AVE, NEW YORK NY 10022
Mark A Wolfson director C/O ARBOR INVESTORS, 2460 SAND HILL RD STE 300, MENLO PARK CA 94025

Investment Technology Group (Investment Technology Group) Headlines

From GuruFocus

ITG Declares Quarterly Dividend

By Marketwired Marketwired 05-18-2018

ITG Declares Quarterly Dividend

By Marketwired Marketwired 02-16-2019

ITG to Announce First Quarter 2018 Results

By Marketwired Marketwired 04-11-2018

ITG Declares Quarterly Dividend

By Marketwired Marketwired 11-16-2018

ITG Launches POSIT and POSIT Alert for New Zealand

By GlobeNewswire GlobeNewswire 04-27-2018

ITG Declares Quarterly Dividend

By GlobeNewswire GlobeNewswire 08-03-2018

ITG Launches Conditional Orders for POSIT Alert in Asia Pacific

By GlobeNewswire GlobeNewswire 10-09-2018