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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. Simulations Plus's Revenue for the three months ended in Feb. 2024 was $18.31 Mil. Simulations Plus's Total Assets for the quarter that ended in Feb. 2024 was $189.88 Mil. Therefore, Simulations Plus's Asset Turnover for the quarter that ended in Feb. 2024 was 0.10.
Asset Turnover is linked to ROE % through Du Pont Formula. Simulations Plus's annualized ROE % for the quarter that ended in Feb. 2024 was 9.23%. It is also linked to ROA % through Du Pont Formula. Simulations Plus's annualized ROA % for the quarter that ended in Feb. 2024 was 8.49%.
The historical data trend for Simulations Plus'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.
Simulations Plus Annual Data | |||||||||||||||||||||
Trend | Aug14 | Aug15 | Aug16 | Aug17 | Aug18 | Aug19 | Aug20 | Aug21 | Aug22 | Aug23 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 0.77 | 0.39 | 0.27 | 0.29 | 0.32 |
Simulations Plus Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Asset Turnover | Get a 7-Day Free Trial | 0.09 | 0.09 | 0.09 | 0.08 | 0.10 |
For the Health Information Services subindustry, Simulations Plus'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 Healthcare Providers & Services industry and Healthcare sector, Simulations Plus's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Simulations Plus's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Simulations Plus's Asset Turnover for the fiscal year that ended in Aug. 2023 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Aug. 2023 ) | / | ( (Total Assets (A: Aug. 2022 ) | + | Total Assets (A: Aug. 2023 )) | / count ) |
= | 59.577 | / | ( (188.382 | + | 186.101) | / 2 ) |
= | 59.577 | / | 187.2415 | |||
= | 0.32 |
Simulations Plus's Asset Turnover for the quarter that ended in Feb. 2024 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Feb. 2024 ) | / | ( (Total Assets (Q: Nov. 2023 ) | + | Total Assets (Q: Feb. 2024 )) | / count ) |
= | 18.305 | / | ( (185.778 | + | 193.973) | / 2 ) |
= | 18.305 | / | 189.8755 | |||
= | 0.10 |
* 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.
Simulations Plus (NAS:SLP) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Simulations Plus's annulized ROE % for the quarter that ended in Feb. 2024 is
ROE %** | (Q: Feb. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 16.116 | / | 174.6895 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (16.116 / 73.22) | * | (73.22 / 189.8755) | * | (189.8755/ 174.6895) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 22.01 % | * | 0.3856 | * | 1.0869 |
= | ROA % | * | Equity Multiplier | ||
= | 8.49 % | * | 1.0869 | ||
= | 9.23 % |
Note: The Net Income data used here is four times the quarterly (Feb. 2024) net income data. The Revenue data used here is four times the quarterly (Feb. 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:
Simulations Plus's annulized ROA % for the quarter that ended in Feb. 2024 is
ROA % | (Q: Feb. 2024 ) | ||
= | Net Income | / | Total Assets |
= | 16.116 | / | 189.8755 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (16.116 / 73.22) | * | (73.22 / 189.8755) |
= | Net Margin % | * | Asset Turnover |
= | 22.01 % | * | 0.3856 |
= | 8.49 % |
Note: The Net Income data used here is four times the quarterly (Feb. 2024) net income data. The Revenue data used here is four times the quarterly (Feb. 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.
Thank you for viewing the detailed overview of Simulations Plus's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
John Kenneth Paglia | director | 746 GRABLE PLACE, NEWBURY PARK CA 91320 |
Walter S Woltosz | director, 10 percent owner, officer: Chairman and CEO | 42505 10TH ST. WEST, LANCASTER CA 93534 |
Dibella John Anthony Ii | officer: Division President | 42505 10TH STREET WEST, LANCASTER CA 93534 |
Lisa Lavange | director | 42505 10TH ST., WEST, LANCASTER CA 93534 |
Steven Chang | officer: President, Immunetrics | 42505 10TH STREET WEST, LANCASTER CA 15203 |
Shawn Oconnor | officer: Chief Executive Officer | 42505 10TH STREET WEST, LANCASTER CA 93534-7059 |
Jill Fiedler-kelly | officer: President, Cognigen Division | 42505 10TH STREET WEST, LANCASTER CA 93534 |
Brett Howell | officer: President, DILIsym Division | 42505 10TH STREET WEST, LANCASTER CA 93534 |
William W Frederick | officer: CFO | C/O SIMULATIONS PLUS, INC., 42505 10TH STREET WEST, LANCASTER CA 93534 |
Daniel L Weiner | director | 800 WEST EL CAMINO REAL, SUITE 200, MOUNTAIN VIEW CA 94040 |
Sharlene Evans | director | 42505 10TH STREET WEST, LANCASTER CA 93534 |
Nguyen Nguyen | officer: VP of Human Resources | 42505 TENTH STREET WEST, LANCASTER CA 93534 |
David L. Ralph | director | 42505 10TH STREET WEST, LANCASTER CA 93534 |
John Robert Kneisel | officer: CFO | 42505 10TH STREET WEST, LANCASTER CA 93534 |
Grasela Thaddeus Henry Jr | director, officer: President | 1780 WEHRLE DRIVE SUITE 110, BUFFALO NY 14221 |
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