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ADV (Advantage Solutions) Asset Turnover : 0.27 (As of Sep. 2024)


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What is Advantage Solutions Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Advantage Solutions's Revenue for the three months ended in Sep. 2024 was $939 Mil. Advantage Solutions's Total Assets for the quarter that ended in Sep. 2024 was $3,444 Mil. Therefore, Advantage Solutions's Asset Turnover for the quarter that ended in Sep. 2024 was 0.27.

Asset Turnover is linked to ROE % through Du Pont Formula. Advantage Solutions's annualized ROE % for the quarter that ended in Sep. 2024 was -17.95%. It is also linked to ROA % through Du Pont Formula. Advantage Solutions's annualized ROA % for the quarter that ended in Sep. 2024 was -4.97%.


Advantage Solutions Asset Turnover Historical Data

The historical data trend for Advantage Solutions'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.

Advantage Solutions Asset Turnover Chart

Advantage Solutions Annual Data
Trend Dec15 Dec16 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 0.63 0.54 0.62 0.80 1.05

Advantage Solutions Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.25 0.34 0.24 0.25 0.27

Competitive Comparison of Advantage Solutions's Asset Turnover

For the Advertising Agencies subindustry, Advantage Solutions'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.


Advantage Solutions's Asset Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Advantage Solutions's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Advantage Solutions's Asset Turnover falls into.



Advantage Solutions Asset Turnover Calculation

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

Advantage Solutions'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 )
=4224.846/( (4262.371+3779.323)/ 2 )
=4224.846/4020.847
=1.05

Advantage Solutions's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=939.27/( (3497.411+3391.358)/ 2 )
=939.27/3444.3845
=0.27

* 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.


Advantage Solutions  (NAS:ADV) Asset Turnover Explanation

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

Advantage Solutions's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=-171.104/953.1325
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-171.104 / 3757.08)*(3757.08 / 3444.3845)*(3444.3845/ 953.1325)
=Net Margin %*Asset Turnover*Equity Multiplier
=-4.55 %*1.0908*3.6138
=ROA %*Equity Multiplier
=-4.97 %*3.6138
=-17.95 %

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

Advantage Solutions's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=-171.104/3444.3845
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-171.104 / 3757.08)*(3757.08 / 3444.3845)
=Net Margin %*Asset Turnover
=-4.55 %*1.0908
=-4.97 %

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


Advantage Solutions Asset Turnover Related Terms

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


Advantage Solutions Business Description

Traded in Other Exchanges
N/A
Address
15310 Barranca Parkway, Suite 100, Irvine, CA, USA, 92618
Advantage Solutions Inc is the provider of outsourced sales and marketing solutions to consumer goods companies and retailers. It has a technology-enabled platform of sales and marketing services like headquarter sales, retail merchandising, in-store sampling, digital commerce, and shopper marketing. For brands and retailers of all sizes, the firm helps to get the right products on the shelf and into the hands of consumers. The company helps its clients to sell more while spending less. Advantage has offices throughout North America and strategic investments in select markets throughout Africa, Asia, Australia, and Europe through which it services the global needs of multinational, regional, and local manufacturers. Its services are provided across two segments sales and marketing.
Executives
David A Peacock director, officer: Chief Executive Officer 190 CARONDELET PLAZA, CLAYTON MO 63105
Christopher Growe officer: Chief Financial Officer C/O ADVANTAGE SOLUTIONS INC., 15310 BARRANCA PARKWAY, SUITE 100, IRVINE CA 92618
James M Kilts director 120 PARK AVE, NEW YORK NY 10017
Brian K. Ratzan director 3 GREENWICH OFFICE PARK, 2ND FLOOR, GREENWICH CT 06831
Adam Levyn director 11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Jody L Macedonio director 2711 N HASKELL AVENUE, STE 3400, DALLAS TX 75204
Christopher J Baldwin director THE HERSHEY COMPANY, 100 CRYSTAL A DRIVE, HERSHEY PA 17033
Deborah Poole director ADVANTAGE SOLUTIONS INC., 1530 BARRANCA PARKWAY, SUITE 100, IRVINE CA 92618
Adam Nebesar director 200 CLARENDON STREET, BOSTON MA 02116
Tanya L Domier director, officer: Chief Executive Officer C/O NORDSTROM, INC., 1617 SIXTH AVENUE, SEATTLE WA 98101
Jill L Griffin officer: President & CCO C/O ADVANTAGE SOLUTIONS INC., 18100 VON KARMAN AVENUE, SUITE 1000, IRVINE CA 92612
Dean Kaye officer: CFO - North America ADVANTAGE SOLUTIONS INC., 18100 VON KARMAN AVENUE, SUITE 1000, IRVINE CA 92612
Brian Stevens officer: CFO & COO C/O ADVANTAGE SOLUTIONS INC., 18100 VON KARMAN AVENUE, SUITE 1000, IRVINE CA 92612
David J West director 100 CRYSTAL A DRIVE, HERSHEY PA 17033
Robin Manherz director ADVANTAGE SOLUTIONS INC., 1530 BARRANCA PARKWAY, SUITE 100, IRVINE CA 92618