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Tcw Strategicome Fund (Tcw Strategicome Fund) Asset Turnover : 0.05 (As of Dec. 2023)


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What is Tcw Strategicome Fund Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Tcw Strategicome Fund's Revenue for the six months ended in Dec. 2023 was $13.68 Mil. Tcw Strategicome Fund's Total Assets for the quarter that ended in Dec. 2023 was $305.63 Mil. Therefore, Tcw Strategicome Fund's Asset Turnover for the quarter that ended in Dec. 2023 was 0.05.

Asset Turnover is linked to ROE % through Du Pont Formula. Tcw Strategicome Fund's annualized ROE % for the quarter that ended in Dec. 2023 was 11.06%. It is also linked to ROA % through Du Pont Formula. Tcw Strategicome Fund's annualized ROA % for the quarter that ended in Dec. 2023 was 8.70%.


Tcw Strategicome Fund Asset Turnover Historical Data

The historical data trend for Tcw Strategicome Fund'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.

Tcw Strategicome Fund Asset Turnover Chart

Tcw Strategicome Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 0.08 0.06 0.03 -0.06 0.08

Tcw Strategicome Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - -0.06 - 0.03 0.05

Competitive Comparison of Tcw Strategicome Fund's Asset Turnover

For the Asset Management subindustry, Tcw Strategicome Fund'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.


Tcw Strategicome Fund's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tcw Strategicome Fund's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Tcw Strategicome Fund's Asset Turnover falls into.



Tcw Strategicome Fund Asset Turnover Calculation

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

Tcw Strategicome Fund'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 )
=23.31/( (294.758+306.083)/ 2 )
=23.31/300.4205
=0.08

Tcw Strategicome Fund'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: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=13.678/( (305.177+306.083)/ 2 )
=13.678/305.63
=0.04

* 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.


Tcw Strategicome Fund  (NYSE:TSI) Asset Turnover Explanation

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

Tcw Strategicome Fund's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=26.584/240.3665
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(26.584 / 27.356)*(27.356 / 305.63)*(305.63/ 240.3665)
=Net Margin %*Asset Turnover*Equity Multiplier
=97.18 %*0.0895*1.2715
=ROA %*Equity Multiplier
=8.70 %*1.2715
=11.06 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (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:

Tcw Strategicome Fund's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=26.584/305.63
=(Net Income / Revenue)*(Revenue / Total Assets)
=(26.584 / 27.356)*(27.356 / 305.63)
=Net Margin %*Asset Turnover
=97.18 %*0.0895
=8.70 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (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.


Tcw Strategicome Fund Asset Turnover Related Terms

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


Tcw Strategicome Fund (Tcw Strategicome Fund) Business Description

Traded in Other Exchanges
N/A
Address
865 South Figueroa Street, Suite 1800, Los Angeles, CA, USA, 90017
Tcw Strategic Income Fund Inc operates as a closed-end management investment company. Its investment objective is to seek a total return comprised of current income and capital appreciation by investing in a wide range of securities. The company invests in a range of industries, such as airlines, banks, beverages, biotechnology, chemicals, computers, diversified financial services, entertainment, and others.
Executives
Mitch Flack officer: Portfolio Manager C/O TCW INVESTMENT MANAGEMENT COMPANY, 865 S. FIGUEROA ST., SUITE 1800, LOS ANGELES CA 90017
Laird Landmann officer: Portfolio Manager 865 S. FIGUEROA ST, SUITE 1800, LOS ANGELES CA 90017
Robert Gerald Rooney director 865 SOUTH FIGUEROA ST, SUITE 1800, LOS ANGELES CA 90017
Peter Mcmillan director
Steve Kane officer: Portfolio Manager C/O TCW INVESTMENT MANAGEMENT COMPANY, 865 S. FIGUEROA ST., SUITE 1800, LOS ANGELES CA 90017
Lisa E Eisen officer: Tax Officer 865 SOUTH FIGUEROA STREET, SUITE 1800, LOS ANGELES CA 90017
Jeffrey A Engelsman officer: Chief Compliance Officer 865 SOUTH FIGUEROA STREET, SUITE 1800, LOS ANGELES CA 90017
Tad Rivelle officer: Portfolio Manager C/O TCW INVESTMENT MANAGEMENT COMPANY, 865 S. FIGUEROA ST., SUITE 1800, LOS ANGELES CA 90017
Victoria B Rogers director C/O TCW INVESTMENT MANAGEMENT COMPANY, 865 SOUTH FIGUEROA STREET SUITE 1800, LOS ANGELES CA 90017
Charles A Parker director
Samuel P Bell director 865 S. FIGUEROA STREET, SUITE 1800, LOS ANGELES CA 90017
Richard Villa officer: Treasurer 865 SOUTH FIGUEROA STREET, SUITE 1800, LOS ANGELES CA 90017
David Lippman director 865 SOUTH FIGUEROA STREET, SUITE 1800, LOS ANGELES CA 90017
John A Gavin director
Patrick C Haden director 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107

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