Market Cap : 929.37 M | Enterprise Value : 1.26 B | PE Ratio : 58.06 | PB Ratio : 1.52 |
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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Digital Turbine's Revenue for the three months ended in Mar. 2023 was $140.1 Mil. Digital Turbine's Total Assets for the quarter that ended in Mar. 2023 was $1,309.6 Mil. Therefore, Digital Turbine's Asset Turnover for the quarter that ended in Mar. 2023 was 0.11.
Asset Turnover is linked to ROE % through Du Pont Formula. Digital Turbine's annualized ROE % for the quarter that ended in Mar. 2023 was -9.20%. It is also linked to ROA % through Du Pont Formula. Digital Turbine's annualized ROA % for the quarter that ended in Mar. 2023 was -4.26%.
The historical data trend for Digital Turbine'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.
For the Software - Application subindustry, Digital Turbine'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.
For the Software industry and Technology sector, Digital Turbine's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Digital Turbine's Asset Turnover falls in comparison to its industry or sector. The grey bar indicates the Asset Turnover's extreme value range as defined by GuruFocus.
Asset Turnover measures how quickly a company turns over its asset through sales.
Digital Turbine's Asset Turnover for the fiscal year that ended in Mar. 2023 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Mar. 2023 ) | / | ( (Total Assets (A: Mar. 2022 ) | + | Total Assets (A: Mar. 2023 )) | / count ) |
= | 665.92 | / | ( (1458.509 | + | 1266.556) | / 2 ) |
= | 665.92 | / | 1362.5325 | |||
= | 0.49 |
Digital Turbine's Asset Turnover for the quarter that ended in Mar. 2023 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Mar. 2023 ) | / | ( (Total Assets (Q: Dec. 2022 ) | + | Total Assets (Q: Mar. 2023 )) | / count ) |
= | 140.118 | / | ( (1352.675 | + | 1266.556) | / 2 ) |
= | 140.118 | / | 1309.6155 | |||
= | 0.11 |
* 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.
Asset Turnover is linked to ROE % through Du Pont Formula.
Digital Turbine's annulized ROE % for the quarter that ended in Mar. 2023 is
ROE %** | (Q: Mar. 2023 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -55.728 | / | 605.4225 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-55.728 / 560.472) | * | (560.472 / 1309.6155) | * | (1309.6155/ 605.4225) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -9.94 % | * | 0.428 | * | 2.1631 |
= | ROA % | * | Equity Multiplier | ||
= | -4.26 % | * | 2.1631 | ||
= | -9.20 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2023) net income data. The Revenue data used here is four times the quarterly (Mar. 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:
Digital Turbine's annulized ROA % for the quarter that ended in Mar. 2023 is
ROA % | (Q: Mar. 2023 ) | ||
= | Net Income | / | Total Assets |
= | -55.728 | / | 1309.6155 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-55.728 / 560.472) | * | (560.472 / 1309.6155) |
= | Net Margin % | * | Asset Turnover |
= | -9.94 % | * | 0.428 |
= | -4.26 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2023) net income data. The Revenue data used here is four times the quarterly (Mar. 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.
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.
Thank you for viewing the detailed overview of Digital Turbine's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Senthilkumaran Kanagaratnam | officer: Chief Technology Officer | 5717 LA SEYNE PLACE, SAN JOSE CA 95138 |
Matthew Gillis | officer: President | 2400 BOSTON STREET, SUITE 201, BALTIMORE MD 21224 |
Mary Spilman | director | C/O CRITEO LEGAL DEPT., 387 PARK AVENUE SOUTH, 12TH FLOOR, NEW YORK NY 10016 |
Michael Benjamin Miller | officer: Chief Accounting Officer | 360 WEST FOREST GROVE ROAD, LUCAS TX 75002 |
Holyce Hess Groos | director | 58 CHRISTIANA COURT, LAKE GEORGE NY 12845 |
Christine Collins | officer: CTO | 111 NUECES STREET, AUSTIN TX 78701 |
Michelle M Sterling | director | 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121 |
Roy H Chestnutt | director | 1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036 |
J. Barrett Garrison | officer: EVP, CFO | 1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701 |
David Wesch | officer: Acting CAO | 1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701 |
Mohan S Gyani | director | 7277 164TH AVE NE, BLDG1, REDMOND WA 98052 |
Judson Bowman | director | 1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701 |
Craig I Forman | director | 1375 PEACHTREE STREET, ATLANTA GA 30309 |
James Alejandro | officer: Chief Accounting Officer | 2811 CAHUENGA BOULEVARD WEST, LOS ANGELES CA 90068 |
Kirstie Elizabeth Brown | officer: Head, Global Fin. Obligations | 2811 CAHUENGA BOULEVARD WEST, LOS ANGELES CA 90068 |
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