ARC Funds (ASX:ARC) Asset Turnover : 0.01 (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is ARC Funds Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. ARC Funds's Revenue for the six months ended in Dec. 2023 was A$0.01 Mil. ARC Funds's Total Assets for the quarter that ended in Dec. 2023 was A$1.80 Mil. Therefore, ARC Funds's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. ARC Funds's annualized ROE % for the quarter that ended in Dec. 2023 was -47.11%. It is also linked to ROA % through Du Pont Formula. ARC Funds's annualized ROA % for the quarter that ended in Dec. 2023 was -45.51%.

ARC Funds Asset Turnover Historical Data

The historical data trend for ARC Funds'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.

ARC Funds Asset Turnover Chart

ARC Funds Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Asset Turnover

Get a 7-Day Free Trial

-0.33

-0.13

-0.05

0.01

ARC Funds Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Asset Turnover	Get a 7-Day Free Trial															-	-	0.01	0.01	0.01

Competitive Comparison of ARC Funds's Asset Turnover

For the Asset Management subindustry, ARC Funds'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.

ARC Funds's Asset Turnover Distribution in the Asset Management Industry

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

* The bar in red indicates where ARC Funds's Asset Turnover falls into.

ARC Funds Asset Turnover Calculation

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

ARC Funds's Asset Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Jun. 2023 )	/	( (Total Assets (A: Jun. 2022 )	+	Total Assets (A: Jun. 2023 ))	/ count )
=	0.023	/	( (2.94	+	1.986)	/ 2 )
=	0.023	/	2.463
=	0.01

ARC Funds'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: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0.012	/	( (1.986	+	1.609)	/ 2 )
=	0.012	/	1.7975
=	0.01

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.

ARC Funds (ASX:ARC) Asset Turnover Explanation

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

ARC Funds's annulized ROE % for the quarter that ended in Dec. 2023 is

	ROE %^**		(Q: Dec. 2023 )
=	Net Income	/	Total Stockholders Equity
=	-0.818	/	1.7365
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-0.818 / 0.024)	*	(0.024 / 1.7975)	*	(1.7975/ 1.7365)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-3408.33 %	*	0.0134	*	1.0351
=	ROA %	*	Equity Multiplier
=	-45.51 %	*	1.0351
=	-47.11 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 2023) revenue data.

^** 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:

ARC Funds's annulized ROA % for the quarter that ended in Dec. 2023 is

	ROA %		(Q: Dec. 2023 )
=	Net Income	/	Total Assets
=	-0.818	/	1.7975
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-0.818 / 0.024)	*	(0.024 / 1.7975)
=	Net Margin %	*	Asset Turnover
=	-3408.33 %	*	0.0134
=	-45.51 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 2023) revenue data.

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.

ARC Funds Asset Turnover Related Terms

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

ARC Funds (ASX:ARC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ARC Funds Ltd (ASX:ARC) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/- Acclime Australia, Level 7, 330 Collins Street, Melbourne, VIC, AUS, 3000

Website

https://www.arcfunds.com.au

ARC Funds Ltd is engaged in providing equity investments and funds management and financial services. The company operates only in Australia. Its business operates through two segments: Funds Management, which is involved in the management of investment vehicles and provision of funds management services; and Investment, which invests in agriculture-related entities, schemes and securities; microcap Australian companies, and other financial services entities.