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Jakks Pacific (Jakks Pacific) Asset Turnover : 0.28 (As of Dec. 2023)


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What is Jakks Pacific Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Jakks Pacific's Revenue for the three months ended in Dec. 2023 was $127.4 Mil. Jakks Pacific's Total Assets for the quarter that ended in Dec. 2023 was $456.6 Mil. Therefore, Jakks Pacific's Asset Turnover for the quarter that ended in Dec. 2023 was 0.28.

Asset Turnover is linked to ROE % through Du Pont Formula. Jakks Pacific's annualized ROE % for the quarter that ended in Dec. 2023 was -22.12%. It is also linked to ROA % through Du Pont Formula. Jakks Pacific's annualized ROA % for the quarter that ended in Dec. 2023 was -9.52%.


Jakks Pacific Asset Turnover Historical Data

The historical data trend for Jakks Pacific'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.

Jakks Pacific Asset Turnover Chart

Jakks Pacific Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.69 1.49 1.81 2.09 1.77

Jakks Pacific Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.30 0.29 0.48 0.70 0.28

Competitive Comparison of Jakks Pacific's Asset Turnover

For the Leisure subindustry, Jakks Pacific'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.


Jakks Pacific's Asset Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Jakks Pacific's Asset Turnover distribution charts can be found below:

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



Jakks Pacific Asset Turnover Calculation

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

Jakks Pacific'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 )
=711.557/( (405.342+398.951)/ 2 )
=711.557/402.1465
=1.77

Jakks Pacific'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 )
=127.396/( (514.281+398.951)/ 2 )
=127.396/456.616
=0.28

* 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.


Jakks Pacific  (NAS:JAKK) Asset Turnover Explanation

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

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

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-43.472/196.5125
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-43.472 / 509.584)*(509.584 / 456.616)*(456.616/ 196.5125)
=Net Margin %*Asset Turnover*Equity Multiplier
=-8.53 %*1.116*2.3236
=ROA %*Equity Multiplier
=-9.52 %*2.3236
=-22.12 %

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:

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

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-43.472/456.616
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-43.472 / 509.584)*(509.584 / 456.616)
=Net Margin %*Asset Turnover
=-8.53 %*1.116
=-9.52 %

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.


Jakks Pacific Asset Turnover Related Terms

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


Jakks Pacific (Jakks Pacific) Business Description

Traded in Other Exchanges
Address
2951 28th Street, Santa Monica, CA, USA, 90405
Jakks Pacific Inc is a multi-brand toy company that designs, produces, markets, and distributes toys and related products, consumables, and related products, electronics and related products, kids' indoor and outdoor furniture, and other consumer products. Its products offering include Traditional toys and electronics such as Action figures, Toy vehicles, Dolls and accessories, Ride-on toys, Toys for pets, and others.
Executives
Benefit Street Partners Llc 10 percent owner 9 WEST 57TH STREET, SUITE 4920, NEW YORK NY 10019
Lawrence I Rosen 10 percent owner 1578 SUSSEX TURNPIKE, BUILDING 5, RANDOLPH NJ 07689
Stephen G Berman director, 10 percent owner, officer: CEO, President and Secretary 22619 PACIFIC COAST HWY, MALIBU CA 90265
Lori Macpherson director C/O JAKKS PACIFIC INC., 2951 28TH ST., SANTA MONICA CA 90405
Thomas Gahan 10 percent owner 9 WEST 57TH STREET, SUITE 4700, NEW YORK NY 10019
John Joseph Mcgrath officer: Chief Operating Officer 22619 PACIFIC COAST HIGHWAY, MALIBU CA 90265
John Louis Kimble officer: Chief Financial Officer 49 8TH STREET, HERMOSA BEACH CA 90254
Carole Levine director C/O JAKKS PACIFIC INC., 2951 28TH STREET, SANTA MONICA CA 90405
Axar Capital Management L.p. director, other: See Remarks 402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014
Axar Gp, Llc director, other: See Remarks C/O AXAR CAPITAL MANAGEMENT, LP, 402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014
Andrew Axelrod director, other: See Remarks C/O AXAR CAPITAL MANAGEMENT, LP, 402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014
Matthew T. Winkler director C/O JAKKS PACIFIC INC., 2951 28TH STREET, SANTA MONICA CA 90405
Brent T Novak officer: Chief Financial Officer C/O IXIA, 26601 W. AGOURA ROAD, CALABASAS CA 91302
Michael S Sitrick director 11777 SAN VICENTE BLVD SUITE 5500, LOS ANGELES CA 90049
Meisheng Cultural & Creative Corp., Ltd. 10 percent owner NANYAN DISTRICT, HI-TECH INDUSTRIAL PARK, XINCHANG, SHAOXING F4 312500