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Sigmatron International (Sigmatron International) Asset Turnover : 0.39 (As of Jan. 2024)


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What is Sigmatron International Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Sigmatron International's Revenue for the three months ended in Jan. 2024 was $95.9 Mil. Sigmatron International's Total Assets for the quarter that ended in Jan. 2024 was $245.1 Mil. Therefore, Sigmatron International's Asset Turnover for the quarter that ended in Jan. 2024 was 0.39.

Asset Turnover is linked to ROE % through Du Pont Formula. Sigmatron International's annualized ROE % for the quarter that ended in Jan. 2024 was 3.47%. It is also linked to ROA % through Du Pont Formula. Sigmatron International's annualized ROA % for the quarter that ended in Jan. 2024 was 0.98%.


Sigmatron International Asset Turnover Historical Data

The historical data trend for Sigmatron International'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.

Sigmatron International Asset Turnover Chart

Sigmatron International Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.80 1.67 1.50 1.55 1.47

Sigmatron International Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 0.32 0.40 0.37 0.39 0.39

Competitive Comparison of Sigmatron International's Asset Turnover

For the Electronic Components subindustry, Sigmatron International'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.


Sigmatron International's Asset Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sigmatron International's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Sigmatron International's Asset Turnover falls into.



Sigmatron International Asset Turnover Calculation

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

Sigmatron International's Asset Turnover for the fiscal year that ended in Apr. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Apr. 2023 )/( (Total Assets (A: Apr. 2022 )+Total Assets (A: Apr. 2023 ))/ count )
=414.436/( (293.631+268.627)/ 2 )
=414.436/281.129
=1.47

Sigmatron International's Asset Turnover for the quarter that ended in Jan. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jan. 2024 )/( (Total Assets (Q: Oct. 2023 )+Total Assets (Q: Jan. 2024 ))/ count )
=95.92/( (246.574+243.541)/ 2 )
=95.92/245.0575
=0.39

* 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.


Sigmatron International  (NAS:SGMA) Asset Turnover Explanation

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

Sigmatron International's annulized ROE % for the quarter that ended in Jan. 2024 is

ROE %**(Q: Jan. 2024 )
=Net Income/Total Stockholders Equity
=2.396/69.011
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2.396 / 383.68)*(383.68 / 245.0575)*(245.0575/ 69.011)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.62 %*1.5657*3.551
=ROA %*Equity Multiplier
=0.98 %*3.551
=3.47 %

Note: The Net Income data used here is four times the quarterly (Jan. 2024) net income data. The Revenue data used here is four times the quarterly (Jan. 2024) 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:

Sigmatron International's annulized ROA % for the quarter that ended in Jan. 2024 is

ROA %(Q: Jan. 2024 )
=Net Income/Total Assets
=2.396/245.0575
=(Net Income / Revenue)*(Revenue / Total Assets)
=(2.396 / 383.68)*(383.68 / 245.0575)
=Net Margin %*Asset Turnover
=0.62 %*1.5657
=0.98 %

Note: The Net Income data used here is four times the quarterly (Jan. 2024) net income data. The Revenue data used here is four times the quarterly (Jan. 2024) 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.


Sigmatron International Asset Turnover Related Terms

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


Sigmatron International (Sigmatron International) Business Description

Traded in Other Exchanges
Address
2201 Landmeier Road, Elk Grove Village, IL, USA, 60007
Sigmatron International Inc is an independent provider of electronic manufacturing services (EMS). It provides printed circuit board assemblies and completely assembled electronic products. In addition, it also provides automatic and manual assembly and testing of products; material sourcing and procurement; manufacturing and test engineering support; warehousing and distribution services. The company primarily serves the industrial electronics, consumer electronics, and medical sciences industries. It has two reportable segments as an independent provider of electronic manufacturing services ("EMS") and as a provider of products to pet technology ("Pet Tech"). Geographically, it derives a majority of its revenue from Mexico and also has a presence in China and Vietnam.
Executives
John P Sheehan officer: V.P. Director of Materials
Linda K Frauendorfer director, officer: Chief Financial Officer 2201 LANDMEIER ROAD, ELK GROVE VILLAGE IL 60007
James E. Barnes officer: Executive V.P. of Operations C/O SIGMATRON INTERNATIONAL, INC., 2201 LANDMEIER ROAD, ELK GROVE VILLAGE IL 60007
James J Reiman officer: CHIEF FINANCIAL OFFICER C/O SIGMATRON INTERNATIONAL INC., 2201 LANDMEIER RD, ELK GROVE VILLAGE IL 60007
Raj B Upadhyaya officer: Executive Vice President SIGMATRON INTERNATIONAL, INC., 2201 LANDMEIER ROAD, ELK GROVE VILLAGE IL 60007
Gregory A Fairhead officer: Executive V.P. Operations
Gary R Fairhead director, officer: Director, President & CEO 110 S EVERGREEN #6DS, ARLINGTON HEIGHTS IL 60005
Thomas W Rieck director 1401 BROOK DRIVE, DOWNERS GROVE IL 60515
Barry R Horek director 2201 LANDMEIER ROAD, ELK GROVE VILLAGE IL 60007
Bruce J Mantia director 2201 LANDMEIER ROAD, ELK GROVE VILLAGE IL 60007
Paul J Plante director C/O RICHARDSON ELECTRONICS, LTD., PO BOX 393, 40W267 KESLINGER RD., LAFOX IL 60147
Dilip S Vyas director
Daniel P Camp officer: V.P. Acuna Operations 2201 LANDMEIER ROAD, SIGMATRON INTERNATIONAL INC, ELK GROVE VILLAGE IL 60007
Hom-ming Chang officer: V.P. China Operations C/O SIGMATRON INTERNATIONAL, INC., 2201 LANDMEIER ROAD, ELK GROVE VILLAGE IL 60007
Tang Foundation For Reseach Of Traditional Chinese Medicine 10 percent owner C/O SIGMATRON INTERNATIONA INC, 2201 LANDMEIER ROAD, ELK GROVE VILLAGE IL 60007