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SS&C Technologies Holdings (SS&C Technologies Holdings) Asset Turnover : 0.08 (As of Dec. 2023)


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What is SS&C Technologies 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. SS&C Technologies Holdings's Revenue for the three months ended in Dec. 2023 was $1,412 Mil. SS&C Technologies Holdings's Total Assets for the quarter that ended in Dec. 2023 was $17,141 Mil. Therefore, SS&C Technologies Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.08.

Asset Turnover is linked to ROE % through Du Pont Formula. SS&C Technologies Holdings's annualized ROE % for the quarter that ended in Dec. 2023 was 12.46%. It is also linked to ROA % through Du Pont Formula. SS&C Technologies Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was 4.54%.


SS&C Technologies Holdings Asset Turnover Historical Data

The historical data trend for SS&C Technologies 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.

SS&C Technologies Holdings Asset Turnover Chart

SS&C Technologies Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.28 0.29 0.30 0.31 0.32

SS&C Technologies Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.08 0.08 0.09 0.09 0.08

Competitive Comparison of SS&C Technologies Holdings's Asset Turnover

For the Software - Application subindustry, SS&C Technologies 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.


SS&C Technologies Holdings's Asset Turnover Distribution in the Software Industry

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

* The bar in red indicates where SS&C Technologies Holdings's Asset Turnover falls into.



SS&C Technologies Holdings Asset Turnover Calculation

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

SS&C Technologies Holdings's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=5502.8/( (16653.3+18102.5)/ 2 )
=5502.8/17377.9
=0.32

SS&C Technologies Holdings's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=1411.6/( (16180+18102.5)/ 2 )
=1411.6/17141.25
=0.08

* 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.


SS&C Technologies Holdings  (NAS:SSNC) Asset Turnover Explanation

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

SS&C Technologies Holdings's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=777.6/6241.75
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(777.6 / 5646.4)*(5646.4 / 17141.25)*(17141.25/ 6241.75)
=Net Margin %*Asset Turnover*Equity Multiplier
=13.77 %*0.3294*2.7462
=ROA %*Equity Multiplier
=4.54 %*2.7462
=12.46 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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:

SS&C Technologies Holdings's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=777.6/17141.25
=(Net Income / Revenue)*(Revenue / Total Assets)
=(777.6 / 5646.4)*(5646.4 / 17141.25)
=Net Margin %*Asset Turnover
=13.77 %*0.3294
=4.54 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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.


SS&C Technologies Holdings Asset Turnover Related Terms

Thank you for viewing the detailed overview of SS&C Technologies Holdings's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


SS&C Technologies Holdings (SS&C Technologies Holdings) Business Description

Traded in Other Exchanges
Address
80 Lamberton Road, Windsor, CT, USA, 06095
SS&C Technologies provides software products and software-enabled services to a variety of customers primarily in financial services but also healthcare firms. SS&C GlobeOp provides fund administration services to alternative and traditional asset managers. In addition, SS&C provides portfolio accounting, portfolio management, trading, banking/lending, and other software to asset managers, banks, and financial advisors. SS&C's purchase of Intralinks makes it a leading player in Virtual Data Room solutions. With its purchase of DST Systems, SS&C gained a foothold in the healthcare industry with pharmacy health management solutions and medical claim administration services.
Executives
Normand A Boulanger director, officer: President and COO SS&C TECHNOLOGIES, 80 LAMBERTON RD, WINDSOR CT 06095
Rahul Kanwar officer: Senior Vice President 80 LAMBERTON ROAD, WINDSOR CT 06095
Brian N Schell officer: EVP & CFO 433 WEST VAN BUREN STREET, CHICAGO IL 60607
Patrick J Pedonti officer: SVP and CFO SS&C TECHNOLOGIES, 80 LAMBERTON RD, WINDSOR CT 06095
Jonathan E Michael director C/O RLI CORP, 9025 N. LINDBERGH DR., PEORIA IL 61615
William C Stone director, 10 percent owner, officer: Chairman of the Board & CEO
Jason Douglas White officer: SVP & General Counsel 588 THE PARKWAY, MAMARONECK NY 10543
Joseph J. Frank officer: Chief Legal Officer and GC C/O SS&C TECHNOLOGIES HOLDINGS, INC., 4 TIMES SQUARE, NEW YORK NY 10036
Michael E Daniels director TYCO, 9 ROSZEL ROAD, PRINCETON NJ 08540
Smita Conjeevaram director 70 HERETOLD ROAD, BRONXVILLE NY 17708
Michael Jay Zamkow director 27 KENSINGTON SQUARE, LONDON X0 06095
Paul Gerard Igoe officer: Sr. VP & General Counsel LYDALL, INC., ONE COLONIAL ROAD, MANCHESTER CT 06042
William A Etherington director CANADIAN IMPERIAL BANK OF COMMERCE, 199 BAY STREET - SUITE 4460, TORONTO A6 M5L 1A2
Tc Group Iv, L.p. 10 percent owner 1001 PENNSYLVANIA AVENUE, N.W., SUITE 200 SOUTH, WASHINGTON DC 20004
Whitman Stephen V R officer: SVP and General Counsel SS&C TECHNOLOGIES, 80 LAMBERTON RD, WINDSOR CT 06095