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BGH (Barings Global Short Duration High Yield Fund) Asset Turnover : 0.05 (As of Jun. 2024)


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What is Barings Global Short Duration High Yield Fund Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Barings Global Short Duration High Yield Fund's Revenue for the six months ended in Jun. 2024 was $23.70 Mil. Barings Global Short Duration High Yield Fund's Total Assets for the quarter that ended in Jun. 2024 was $437.08 Mil. Therefore, Barings Global Short Duration High Yield Fund's Asset Turnover for the quarter that ended in Jun. 2024 was 0.05.

Asset Turnover is linked to ROE % through Du Pont Formula. Barings Global Short Duration High Yield Fund's annualized ROE % for the quarter that ended in Jun. 2024 was 14.97%. It is also linked to ROA % through Du Pont Formula. Barings Global Short Duration High Yield Fund's annualized ROA % for the quarter that ended in Jun. 2024 was 10.62%.


Barings Global Short Duration High Yield Fund Asset Turnover Historical Data

The historical data trend for Barings Global Short Duration High Yield Fund'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.

Barings Global Short Duration High Yield Fund Asset Turnover Chart

Barings Global Short Duration High Yield Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 0.07 -0.01 0.10 -0.10 0.12

Barings Global Short Duration High Yield Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -0.12 0.02 0.05 0.07 0.05

Competitive Comparison of Barings Global Short Duration High Yield Fund's Asset Turnover

For the Asset Management subindustry, Barings Global Short Duration High Yield Fund'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.


Barings Global Short Duration High Yield Fund's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Barings Global Short Duration High Yield Fund's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Barings Global Short Duration High Yield Fund's Asset Turnover falls into.



Barings Global Short Duration High Yield Fund Asset Turnover Calculation

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

Barings Global Short Duration High Yield Fund'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 )
=49.817/( (399.276+427.492)/ 2 )
=49.817/413.384
=0.12

Barings Global Short Duration High Yield Fund's Asset Turnover for the quarter that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=23.704/( (427.492+446.661)/ 2 )
=23.704/437.0765
=0.05

* 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.


Barings Global Short Duration High Yield Fund  (NYSE:BGH) Asset Turnover Explanation

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

Barings Global Short Duration High Yield Fund's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=46.428/310.234
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(46.428 / 47.408)*(47.408 / 437.0765)*(437.0765/ 310.234)
=Net Margin %*Asset Turnover*Equity Multiplier
=97.93 %*0.1085*1.4089
=ROA %*Equity Multiplier
=10.62 %*1.4089
=14.97 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) net income data. The Revenue data used here is two times the semi-annual (Jun. 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:

Barings Global Short Duration High Yield Fund's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=46.428/437.0765
=(Net Income / Revenue)*(Revenue / Total Assets)
=(46.428 / 47.408)*(47.408 / 437.0765)
=Net Margin %*Asset Turnover
=97.93 %*0.1085
=10.62 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) net income data. The Revenue data used here is two times the semi-annual (Jun. 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.


Barings Global Short Duration High Yield Fund Asset Turnover Related Terms

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Barings Global Short Duration High Yield Fund Business Description

Traded in Other Exchanges
N/A
Address
300 South Tryon Street, Suite 2500, Charlotte, NC, USA, 28202
Barings Global Short Duration High Yield Fund is a diversified, closed-end management investment company. Its investment objective is to seek as high a level of current income as the Adviser determines is consistent with capital preservation.
Executives
Eric Partlan other: Adviser Board Member BARINGS LLC, 300 S. TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Gregory Wayne Maccordy other: Chief Compliance Officer 6 LAMPLIGHT LANE, WESTPORT CT 06880
Ashlee Steinnerd officer: Chief Legal Officer BARINGS LLC, 300 S. TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Michael Freno officer: Vice President BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Benjamin Tecmire officer: Chief Compliance Officer BARINGS LLC, 300 S. TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Roger W Crandall other: Adviser Board Member MASSACHUSETTS MUTUAL LIFE INSURANCE CO, 1295 STATE STREET, SPRINGFIELD MA 01111
Christopher Hanscom officer: Treasurer BARINGS LLC, 1500 MAIN STREET PO BOX 15189, SPRINGFIELD MA 01115-5189
Eric J Lloyd other: Officer of Adviser BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Mark F Mulhern director 410 S. WILMINGTON STREET, RALEIGH NC 27601
Jill Olmstead other: Trustee BARINGS LLC, 3300 SOUTH TRYON STREET SUITE 2500, CHARLOTTE NC 28202
David Mihalick director BARINGS LLC, 300 SOUTH TRYON ST., STE 2500, CHARLOTTE NC 28202
Rodney J Dillman other: Trustee BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Elizabeth A. Murray officer: Treasurer BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Mark Senkpiel other: Investment Personnel BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Christopher Cary other: Officer of Adviser BARINGS LLC, 300 SOUTH TRYON STREET SUITE 2500, CHARLOTTE NC 28202

Barings Global Short Duration High Yield Fund Headlines