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Arlo Technologies (Arlo Technologies) Asset Turnover : 0.46 (As of Dec. 2023)


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What is Arlo Technologies Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Arlo Technologies's Revenue for the three months ended in Dec. 2023 was $135.1 Mil. Arlo Technologies's Total Assets for the quarter that ended in Dec. 2023 was $291.6 Mil. Therefore, Arlo Technologies's Asset Turnover for the quarter that ended in Dec. 2023 was 0.46.

Asset Turnover is linked to ROE % through Du Pont Formula. Arlo Technologies's annualized ROE % for the quarter that ended in Dec. 2023 was 2.86%. It is also linked to ROA % through Du Pont Formula. Arlo Technologies's annualized ROA % for the quarter that ended in Dec. 2023 was 0.95%.


Arlo Technologies Asset Turnover Historical Data

The historical data trend for Arlo Technologies'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.

Arlo Technologies Asset Turnover Chart

Arlo Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 0.65 0.75 1.14 1.58 1.76

Arlo Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.39 0.42 0.44 0.46 0.46

Competitive Comparison of Arlo Technologies's Asset Turnover

For the Building Products & Equipment subindustry, Arlo Technologies'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.


Arlo Technologies's Asset Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Arlo Technologies's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Arlo Technologies's Asset Turnover falls into.



Arlo Technologies Asset Turnover Calculation

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

Arlo Technologies'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 )
=491.176/( (272.201+285.538)/ 2 )
=491.176/278.8695
=1.76

Arlo Technologies'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: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=135.093/( (297.637+285.538)/ 2 )
=135.093/291.5875
=0.46

* 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.


Arlo Technologies  (NYSE:ARLO) Asset Turnover Explanation

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

Arlo Technologies's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=2.768/96.7345
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2.768 / 540.372)*(540.372 / 291.5875)*(291.5875/ 96.7345)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.51 %*1.8532*3.0143
=ROA %*Equity Multiplier
=0.95 %*3.0143
=2.86 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (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:

Arlo Technologies's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=2.768/291.5875
=(Net Income / Revenue)*(Revenue / Total Assets)
=(2.768 / 540.372)*(540.372 / 291.5875)
=Net Margin %*Asset Turnover
=0.51 %*1.8532
=0.95 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (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.


Arlo Technologies Asset Turnover Related Terms

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


Arlo Technologies (Arlo Technologies) Business Description

Traded in Other Exchanges
Address
2200 Faraday Avenue, Suite 150, Carlsbad, CA, USA, 92008
Arlo Technologies Inc is engaged in the provision of security and video monitoring solutions for homes and businesses. Its product portfolio comprises Arlo Security Camera, Arlo Q and Arlo Q Plus, Arlo Pro, Arlo Baby, Arlo Audio Doorbell and Arlo Chime, and Arlo Security Light. The company conducts its business and earn revenue across geographic regions: United States; Spain, Ireland and Other countries. Geographically the company receives maximum revenue from the United States.
Executives
Matthew Blake Mcrae director, officer: Chief Executive Officer C/O VIZIO HOLDINGS, INC., 39 TESLA, IRVINE CA 92618
Grady Summers director 1440 MCCARTHY BLVD, MILPITAS CA 95035
Brian Busse officer: See Remarks 2200 FARADAY AVE., SUITE 150, CARLSBAD CA 92008
Amy M Rothstein director 704 228TH AVE NE, SAMMAMISH WA 98047
Ralph E Faison director 12220 WORLD TRADE DRIVE, SAN DIEGO CA 92128
Kurtis Joseph Binder officer: Chief Financial Officer C/O VIZIO HOLDINGS, INC., 39 TESLA, IRVINE CA 92618
Prashant Aggarwal director C/O ARLO TECHNOLOGIES, INC., 350 EAST PLUMERIA DR, SAN JOSE CA 95134
Gordon Mattingly officer: Chief Financial Officer C/O ARLO TECHNOLOGIES, INC., 3030 ORCHARD PARKWAY, SAN JOSE CA 95134
Miller Joycelyn Carter director 711 HIGH STREET, DES MOINES IA 50392-0300
Catriona M. Fallon director C/O MARIN SOFTWARE INCORPORATED, 123 MISSION STREET, 25TH FLOOR, SAN FRANCISCO CA 94105
Michael W Pope director 601 BRANNAN STREET, SAN FRANCISCO CA 94107
Christine Marie Gorjanc officer: Chief Financial Officer 4500 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Patrick Cs Lo director
Collins Patrick J Iii officer: See Remarks 350 E. PLUMERIA, SAN JOSE CA 95134
Netgear, Inc 10 percent owner 350 EAST PLUMERIA DRIVE, SAN JOSE CA 95134

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