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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. PRGX Global's Revenue for the three months ended in Sep. 2020 was $41.5 Mil. PRGX Global's Total Assets for the quarter that ended in Sep. 2020 was $124.0 Mil. Therefore, PRGX Global's Asset Turnover for the quarter that ended in Sep. 2020 was 0.34.
Asset Turnover is linked to ROE % through Du Pont Formula. PRGX Global's annualized ROE % for the quarter that ended in Sep. 2020 was 22.64%. It is also linked to ROA % through Du Pont Formula. PRGX Global's annualized ROA % for the quarter that ended in Sep. 2020 was 9.78%.
The historical data trend for PRGX Global'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.
PRGX Global Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 1.51 | 1.62 | 1.51 | 1.40 | 1.36 |
PRGX Global Quarterly Data | ||||||||||||||||||||
Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
Asset Turnover | Get a 7-Day Free Trial | 0.34 | 0.38 | 0.30 | 0.32 | 0.34 |
For the Specialty Business Services subindustry, PRGX Global'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.
For the Business Services industry and Industrials sector, PRGX Global's Asset Turnover distribution charts can be found below:
* The bar in red indicates where PRGX Global's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
PRGX Global'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 ) |
= | 169.758 | / | ( (124.829 | + | 125.466) | / 2 ) |
= | 169.758 | / | 125.1475 | |||
= | 1.36 |
PRGX Global's Asset Turnover for the quarter that ended in Sep. 2020 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Sep. 2020 ) | / | ( (Total Assets (Q: Jun. 2020 ) | + | Total Assets (Q: Sep. 2020 )) | / count ) |
= | 41.532 | / | ( (121.935 | + | 126.145) | / 2 ) |
= | 41.532 | / | 124.04 | |||
= | 0.33 |
* 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.
PRGX Global (NAS:PRGX) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
PRGX Global's annulized ROE % for the quarter that ended in Sep. 2020 is
ROE %** | (Q: Sep. 2020 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 12.136 | / | 53.606 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (12.136 / 166.128) | * | (166.128 / 124.04) | * | (124.04/ 53.606) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 7.31 % | * | 1.3393 | * | 2.3139 |
= | ROA % | * | Equity Multiplier | ||
= | 9.78 % | * | 2.3139 | ||
= | 22.64 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2020) net income data. The Revenue data used here is four times the quarterly (Sep. 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:
PRGX Global's annulized ROA % for the quarter that ended in Sep. 2020 is
ROA % | (Q: Sep. 2020 ) | ||
= | Net Income | / | Total Assets |
= | 12.136 | / | 124.04 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (12.136 / 166.128) | * | (166.128 / 124.04) |
= | Net Margin % | * | Asset Turnover |
= | 7.31 % | * | 1.3393 |
= | 9.78 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2020) net income data. The Revenue data used here is four times the quarterly (Sep. 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.
Thank you for viewing the detailed overview of PRGX Global's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Matthew A Drapkin | director | 10 CORBIN DRIVE, 3RD FLOOR, DARIEN CT 06820 |
Mylle H Mangum | director | 3231 S E SIXTH AVENUE, TOPEKA KS 66607 |
Kevin Costello | director | C/O ARIBA INC, 807 11TH AVENUE, SUNNYVALE CA 94089 |
Joseph E Whitters | director | |
William F Kimble | director | 6900 E. LAYTON AVE., SUITE 900, DENVER CO 80237 |
Simone C Walsh | officer: Controller | 600 GALLERIA PARKWAY, SUITE 100, ATLANTA GA 30339 |
Kurt Abkemeier | officer: Chief Financial Officer | C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730 |
Victor A Allums | officer: SVP & General Counsel | 600 GALLERIA PKWY SE SUITE 100 ATLANTA GA 30339 |
Ronald E. Stewart | director, officer: President & CEO | 5360 LONG ISLAND DRIVE ATLANTA GA 30327 |
Gregory J Owens | director, officer: Executive Chairman | 2755 CAMPUS DR 3RD FL SAN MATEO CA 94403-2538 |
Michael Cochrane | officer: SVP, COO - Global Audit Oper. | 600 GALLERIA PARKWAY SUITE 100 ATLANTA GA 30342 |
Headlands Strategic Opportunities Fund, Lp (the Partnership) | 10 percent owner | ONE EMBARCADERO CENTER SUITE 1600 SAN FRANCISCO CA 94111 |
Headlands Capital Management, Llc | other: General Partner of 10% Owner | ONE FERRY BUILDING SUITE 255 SAN FRANCISCO CA 94111 |
Cost David W Jr | other: Member of investment committee | ONE FERRY BUILDING SUITE 255 SAN FRANCISCO CA 94111 |
Park David E Iii | other: Member of investment committee | ONE FERRY BUILDING SUITE 255 SAN FRANCISCO CA 94111 |
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