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ALTI (AlTi Global) Asset Turnover : 0.04 (As of Sep. 2024)


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What is AlTi Global Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. AlTi Global's Revenue for the three months ended in Sep. 2024 was $53.3 Mil. AlTi Global's Total Assets for the quarter that ended in Sep. 2024 was $1,364.4 Mil. Therefore, AlTi Global's Asset Turnover for the quarter that ended in Sep. 2024 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. AlTi Global's annualized ROE % for the quarter that ended in Sep. 2024 was -44.03%. It is also linked to ROA % through Du Pont Formula. AlTi Global's annualized ROA % for the quarter that ended in Sep. 2024 was -20.12%.


AlTi Global Asset Turnover Historical Data

The historical data trend for AlTi Global'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.

AlTi Global Asset Turnover Chart

AlTi Global Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
0.53 0.60 0.59 0.68 0.37

AlTi Global Quarterly Data
Dec19 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 0.04 0.08 0.04 0.04 0.04

Competitive Comparison of AlTi Global's Asset Turnover

For the Asset Management subindustry, AlTi Global'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.


AlTi Global's Asset Turnover Distribution in the Asset Management Industry

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

* The bar in red indicates where AlTi Global's Asset Turnover falls into.



AlTi Global Asset Turnover Calculation

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

AlTi Global'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 )
=250.88/( (91.989+1266.567)/ 2 )
=250.88/679.278
=0.37

AlTi Global'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 )
=53.343/( (1322.73+1406.092)/ 2 )
=53.343/1364.411
=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.


AlTi Global  (NAS:ALTI) Asset Turnover Explanation

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

AlTi Global's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=-274.552/623.618
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-274.552 / 213.372)*(213.372 / 1364.411)*(1364.411/ 623.618)
=Net Margin %*Asset Turnover*Equity Multiplier
=-128.67 %*0.1564*2.1879
=ROA %*Equity Multiplier
=-20.12 %*2.1879
=-44.03 %

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:

AlTi Global's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=-274.552/1364.411
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-274.552 / 213.372)*(213.372 / 1364.411)
=Net Margin %*Asset Turnover
=-128.67 %*0.1564
=-20.12 %

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.


AlTi Global Asset Turnover Related Terms

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


AlTi Global Business Description

Traded in Other Exchanges
N/A
Address
520 Madison Avenue, 26th Floor, New York, NY, USA, 10022
AlTi Global Inc is an independent wealth and asset manager providing entrepreneurs, multi-generational families, institutions, and emerging next-generation leaders with fiduciary capabilities as well as alternative investment strategies and advisory services. The firm has business which is organized into two business segments that includes Wealth Management and Strategic Alternatives. Wealth Management includes providing holistic solutions for their wealth management clients through their comprehensive range of wealth management services, including investment management and advisory services. Strategic Alternatives segment, it assists their investors with alternative investments and co-investments by providing access to highly differentiated opportunities in these areas.
Executives
Spiros Maliagros director C/O ALVARIUM TIEDEMANN HOLDINGS, INC., 520 MADISON AVENUE, 26TH FLOOR, NEW YORK NY 10022
Ilwaddi Cayman Holdings 10 percent owner C/O GELLER ADVISORS, 909 THIRD AVENUE, NEW YORK NY 10022
Kevin P. Moran officer: Chief Operating Officer C/O ALVARIUM TIEDEMANN HOLDINGS, INC., 520 MADISON AVENUE, 26TH FLOOR, NEW YORK NY 10022
Michael Tiedemann director, officer: Chief Executive Officer C/O ALVARIUM TIEDEMANN HOLDINGS, INC., 520 MADISON AVENUE, 26TH FLOOR, NEW YORK NY 10022
Timothy F Keaney director 1 FOUNTAIN SQUARE, LAW DEPT. 7S730, CHATTANOOGA TN 37402
Norma Corio director C/O GO ACQUISITION CORP., 450 W 14TH ST, NEW YORK NY 10014
Reid Parmelee officer: Chief Financial Officer ALTI GLOBAL, INC., 520 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022
Sai Hong Yeung 10 percent owner 22/F SOUTH CHINA BUILDING, 1-3 WYNDHAM STREET, CENTRAL, HONG KONG F4 000000
Global Goldfield Ltd 10 percent owner 22/F SOUTH CHINA BUILDING, 1-3 WYNDHAM STREET, CENTRAL, HONG KONG K3 00000
Jassim Abdulaziz Al-thani 10 percent owner C/O GELLER ADVISORS, 909 THIRD AVENUE, NEW YORK NY 10022
Graham Colleen A officer: Global General Counsel BOSTON PRIVATE FINANCIAL HOLDINGS, INC., TEN POST OFFICE SQUARE, BOSTON MA 02109
Gregory R. Armstrong director, officer: Chief Financial Officer C/O CARTESIAN GROWTH CORPORATION, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Elias Diaz-sese director 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Peter Yu 10 percent owner C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Bertrand P. Grabowski director C/O CARTESIAN GROWTH CORPORATION, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017