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Pushpay Holdings (NZSE:PPH) Asset Turnover : 0.42 (As of Sep. 2022)


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What is Pushpay Holdings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Pushpay Holdings's Revenue for the six months ended in Sep. 2022 was NZ$170.7 Mil. Pushpay Holdings's Total Assets for the quarter that ended in Sep. 2022 was NZ$405.2 Mil. Therefore, Pushpay Holdings's Asset Turnover for the quarter that ended in Sep. 2022 was 0.42.

Asset Turnover is linked to ROE % through Du Pont Formula. Pushpay Holdings's annualized ROE % for the quarter that ended in Sep. 2022 was 11.14%. It is also linked to ROA % through Du Pont Formula. Pushpay Holdings's annualized ROA % for the quarter that ended in Sep. 2022 was 7.33%.


Pushpay Holdings Asset Turnover Historical Data

The historical data trend for Pushpay Holdings'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.

Pushpay Holdings Asset Turnover Chart

Pushpay Holdings Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.06 2.22 1.40 1.30 1.09

Pushpay Holdings Semi-Annual Data
Mar13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22
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 0.58 0.69 0.49 0.43 0.42

Competitive Comparison of Pushpay Holdings's Asset Turnover

For the Software - Infrastructure subindustry, Pushpay Holdings'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.


Pushpay Holdings's Asset Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Pushpay Holdings's Asset Turnover distribution charts can be found below:

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



Pushpay Holdings Asset Turnover Calculation

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

Pushpay Holdings's Asset Turnover for the fiscal year that ended in Mar. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2022 )/( (Total Assets (A: Mar. 2021 )+Total Assets (A: Mar. 2022 ))/ count )
=295.336/( (163.995+380.508)/ 2 )
=295.336/272.2515
=1.08

Pushpay Holdings's Asset Turnover for the quarter that ended in Sep. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2022 )/( (Total Assets (Q: Mar. 2022 )+Total Assets (Q: Sep. 2022 ))/ count )
=170.685/( (380.508+429.89)/ 2 )
=170.685/405.199
=0.42

* 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.


Pushpay Holdings  (NZSE:PPH) Asset Turnover Explanation

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

Pushpay Holdings's annulized ROE % for the quarter that ended in Sep. 2022 is

ROE %**(Q: Sep. 2022 )
=Net Income/Total Stockholders Equity
=29.714/266.729
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(29.714 / 341.37)*(341.37 / 405.199)*(405.199/ 266.729)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.7 %*0.8425*1.5191
=ROA %*Equity Multiplier
=7.33 %*1.5191
=11.14 %

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

Pushpay Holdings's annulized ROA % for the quarter that ended in Sep. 2022 is

ROA %(Q: Sep. 2022 )
=Net Income/Total Assets
=29.714/405.199
=(Net Income / Revenue)*(Revenue / Total Assets)
=(29.714 / 341.37)*(341.37 / 405.199)
=Net Margin %*Asset Turnover
=8.7 %*0.8425
=7.33 %

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


Pushpay Holdings Asset Turnover Related Terms

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Pushpay Holdings (NZSE:PPH) Business Description

Traded in Other Exchanges
N/A
Address
167 Victoria Street West, Level 6, Building D, Auckland, NTL, NZL, 1010
Pushpay primarily sells donor and church management systems to the global faith sector. Revenue is mainly derived from: (1) subscription fees based on a church's size and number of services provided to the church, and (2) processing fees for donations processed through its giving platform. Operations are mainly in the U.S., and its core customers are large evangelical and nondenominational churches with weekly attendances ranging from 1,100 to 50,000. Pushpay also sells to medium and small churches. The firm's solutions encompass, but are not limited to, virtual giving, record keeping, event registration, member engagement, video broadcasting, and data analytics. It also services nonprofit organisation and education providers, though these are currently immaterial to earnings.

Pushpay Holdings (NZSE:PPH) Headlines