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Templeton Emerging Markets Fund (Templeton Emerging Markets Fund) Asset Turnover : 0.03 (As of Feb. 2024)


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What is Templeton Emerging Markets 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. Templeton Emerging Markets Fund's Revenue for the six months ended in Feb. 2024 was $7.16 Mil. Templeton Emerging Markets Fund's Total Assets for the quarter that ended in Feb. 2024 was $220.27 Mil. Therefore, Templeton Emerging Markets Fund's Asset Turnover for the quarter that ended in Feb. 2024 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. Templeton Emerging Markets Fund's annualized ROE % for the quarter that ended in Feb. 2024 was 6.66%. It is also linked to ROA % through Du Pont Formula. Templeton Emerging Markets Fund's annualized ROA % for the quarter that ended in Feb. 2024 was 6.35%.


Templeton Emerging Markets Fund Asset Turnover Historical Data

The historical data trend for Templeton Emerging Markets 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.

Templeton Emerging Markets Fund Asset Turnover Chart

Templeton Emerging Markets Fund Annual Data
Trend Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Asset Turnover
Get a 7-Day Free Trial - 0.15 0.16 -0.29 0.07

Templeton Emerging Markets Fund Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 -0.14 -0.15 0.03 0.04 0.03

Competitive Comparison of Templeton Emerging Markets Fund's Asset Turnover

For the Asset Management subindustry, Templeton Emerging Markets 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.


Templeton Emerging Markets Fund's Asset Turnover Distribution in the Asset Management Industry

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

* The bar in red indicates where Templeton Emerging Markets Fund's Asset Turnover falls into.



Templeton Emerging Markets Fund Asset Turnover Calculation

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

Templeton Emerging Markets Fund'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 )
=16.155/( (243.992+226.345)/ 2 )
=16.155/235.1685
=0.07

Templeton Emerging Markets Fund'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: Aug. 2023 )+Total Assets (Q: Feb. 2024 ))/ count )
=7.156/( (226.345+214.19)/ 2 )
=7.156/220.2675
=0.03

* 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.


Templeton Emerging Markets Fund  (NYSE:EMF) Asset Turnover Explanation

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

Templeton Emerging Markets Fund's annulized ROE % for the quarter that ended in Feb. 2024 is

ROE %**(Q: Feb. 2024 )
=Net Income/Total Stockholders Equity
=13.99/210.216
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(13.99 / 14.312)*(14.312 / 220.2675)*(220.2675/ 210.216)
=Net Margin %*Asset Turnover*Equity Multiplier
=97.75 %*0.065*1.0478
=ROA %*Equity Multiplier
=6.35 %*1.0478
=6.66 %

Note: The Net Income data used here is two times the semi-annual (Feb. 2024) net income data. The Revenue data used here is two times the semi-annual (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:

Templeton Emerging Markets Fund's annulized ROA % for the quarter that ended in Feb. 2024 is

ROA %(Q: Feb. 2024 )
=Net Income/Total Assets
=13.99/220.2675
=(Net Income / Revenue)*(Revenue / Total Assets)
=(13.99 / 14.312)*(14.312 / 220.2675)
=Net Margin %*Asset Turnover
=97.75 %*0.065
=6.35 %

Note: The Net Income data used here is two times the semi-annual (Feb. 2024) net income data. The Revenue data used here is two times the semi-annual (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.


Templeton Emerging Markets Fund Asset Turnover Related Terms

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Templeton Emerging Markets Fund (Templeton Emerging Markets Fund) Business Description

Traded in Other Exchanges
N/A
Address
300 South East 2nd Street, Fort Lauderdale, Fort Lauderdale, FL, USA, 33301-1923
Templeton Emerging Markets Fund is a closed-end management investment company. It seeks long-term capital appreciation by investing, under normal market conditions, at least 80% of its net assets in emerging country equity securities. It invests in various sectors such as financials, consumer staples, industrials, telecommunication, insurance, Entertainment, banks, and others.
Executives
Christine M. Debevec officer: VP & Assistant Secretary ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
George P. Hoyt officer: VP & Secretary C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Ted P Becker officer: Chief Compliance Officer 399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
Oliveira Marc De officer: VP & Assistant Secretary C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902
Alexander Kymn officer: VP & Assistant Secretary WELLS FARGO BANK, 45 FREMONT STREET, 26TH FLOOR, SAN FRANCISCO CA 94105
Harris Goldblat officer: VP & Assistant Secretary ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Tara E. Gormel officer: VP & Assistant Secretary ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Terrence J. Checki other: Trustee HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Christopher Kings officer: CFO, CAO and Treasurer ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Ryan Wheeler officer: Interim CFO, CAO and Treasurer 300 S.E. 2ND STREET, FORT LAUDERDALE FL 33301
Susan Kerr officer: VP - AML Compliance 280 PARK AVENUE, NEW YORK NY 10017
Manraj S Sekhon officer: President and CEO - IM 7 TEMASEK BOULEVARD, #38-03 SUNTEC TOWER ONE, SINGAPORE U0 038987
Bates Ann Torre other: Trustee 300 CONTINENTAL DRIVE, NEWARK DE 19713
Matthew T. Hinkle officer: CEO - Finance & Admin 3344 QUALITY DRIVE, RANCHO CORDOVA CA 95670-7313
Robert Kubilis officer: CFO, CAO and Treasurer FRANKLIN TEMPLETON INVESTMENTS, 300 S.E. 2ND STREET, FORT LAUDERDALE FL 33301-1923

Templeton Emerging Markets Fund (Templeton Emerging Markets Fund) Headlines