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Calculus VCT (LSE:CLC) Asset Turnover : 0.07 (As of Feb. 2022)


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What is Calculus VCT Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Calculus VCT's Revenue for the six months ended in Feb. 2022 was £1.86 Mil. Calculus VCT's Total Assets for the quarter that ended in Feb. 2022 was £28.35 Mil. Therefore, Calculus VCT's Asset Turnover for the quarter that ended in Feb. 2022 was 0.07.

Asset Turnover is linked to ROE % through Du Pont Formula. Calculus VCT's annualized ROE % for the quarter that ended in Feb. 2022 was 12.43%. It is also linked to ROA % through Du Pont Formula. Calculus VCT's annualized ROA % for the quarter that ended in Feb. 2022 was 12.29%.


Calculus VCT Asset Turnover Historical Data

The historical data trend for Calculus VCT'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.

Calculus VCT Asset Turnover Chart

Calculus VCT Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.07 -0.02 0.03 0.09 0.03

Calculus VCT Semi-Annual Data
Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Feb23
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 -0.03 0.05 0.01 0.07 -

Competitive Comparison of Calculus VCT's Asset Turnover

For the Asset Management subindustry, Calculus VCT'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.


Calculus VCT's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Calculus VCT's Asset Turnover distribution charts can be found below:

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



Calculus VCT Asset Turnover Calculation

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

Calculus VCT's Asset Turnover for the fiscal year that ended in Feb. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Feb. 2023 )/( (Total Assets (A: Feb. 2022 )+Total Assets (A: Feb. 2023 ))/ count )
=0.969/( (30.55+34.79)/ 2 )
=0.969/32.67
=0.03

Calculus VCT's Asset Turnover for the quarter that ended in Feb. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Feb. 2022 )/( (Total Assets (Q: Aug. 2021 )+Total Assets (Q: Feb. 2022 ))/ count )
=1.864/( (26.158+30.55)/ 2 )
=1.864/28.354
=0.07

* 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.


Calculus VCT  (LSE:CLC) Asset Turnover Explanation

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

Calculus VCT's annulized ROE % for the quarter that ended in Feb. 2022 is

ROE %**(Q: Feb. 2022 )
=Net Income/Total Stockholders Equity
=3.484/28.025
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(3.484 / 3.728)*(3.728 / 28.354)*(28.354/ 28.025)
=Net Margin %*Asset Turnover*Equity Multiplier
=93.45 %*0.1315*1.0117
=ROA %*Equity Multiplier
=12.29 %*1.0117
=12.43 %

Note: The Net Income data used here is two times the semi-annual (Feb. 2022) net income data. The Revenue data used here is two times the semi-annual (Feb. 2022) 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:

Calculus VCT's annulized ROA % for the quarter that ended in Feb. 2022 is

ROA %(Q: Feb. 2022 )
=Net Income/Total Assets
=3.484/28.354
=(Net Income / Revenue)*(Revenue / Total Assets)
=(3.484 / 3.728)*(3.728 / 28.354)
=Net Margin %*Asset Turnover
=93.45 %*0.1315
=12.29 %

Note: The Net Income data used here is two times the semi-annual (Feb. 2022) net income data. The Revenue data used here is two times the semi-annual (Feb. 2022) 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.


Calculus VCT Asset Turnover Related Terms

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Calculus VCT (LSE:CLC) Business Description

Traded in Other Exchanges
N/A
Address
12 Conduit Street, London, GBR, W1S 2XH
Calculus VCT PLC is a part of the financial services sector in the United Kingdom. The company operates as a venture capital trust with a focus on the investment business. Its investment objective is to invest primarily in a diverse portfolio of United Kingdom growth companies whether unquoted or traded on AIM. The company invests in a portfolio of venture capital investments that will provide investment returns sufficient to allow the company to maximize annual dividends with the goal of capital growth over the medium to long term.

Calculus VCT (LSE:CLC) Headlines

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