Forrester Research (NAS:FORR) Asset Turnover

: 0.23 (As of Dec. 2022)

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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. Forrester Research's Revenue for the three months ended in Dec. 2022 was $136.9 Mil. Forrester Research's Total Assets for the quarter that ended in Dec. 2022 was $596.8 Mil. Therefore, Forrester Research's Asset Turnover for the quarter that ended in Dec. 2022 was 0.23.

Asset Turnover is linked to ROE % through Du Pont Formula. Forrester Research's annualized ROE % for the quarter that ended in Dec. 2022 was -2.99%. It is also linked to ROA % through Du Pont Formula. Forrester Research's annualized ROA % for the quarter that ended in Dec. 2022 was -1.09%.

Forrester Research Asset Turnover Historical Data

The historical data trend for Forrester Research'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.

Forrester Research Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Asset Turnover

1.02

0.93

0.70

0.75

0.84

Forrester Research Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Asset Turnover																0.20	0.19	0.23	0.21	0.23

Competitive Comparison

For the Consulting Services subindustry, Forrester Research'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.

Annual Data Quarterly Data

Forrester Research Asset Turnover Distribution

For the Business Services industry and Industrials sector, Forrester Research's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Forrester Research'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.

Forrester Research Asset Turnover Calculation

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

Forrester Research's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Dec. 2022 )	/	( (Total Assets (A: Dec. 2021 )	+	Total Assets (A: Dec. 2022 ))	/ count )
=	537.787	/	( (680.129	+	608.438)	/ 2 )
=	537.787	/	644.2835
=	0.83

Forrester Research's Asset Turnover for the quarter that ended in Dec. 2022 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Dec. 2022 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Dec. 2022 ))	/ count )
=	136.891	/	( (585.24	+	608.438)	/ 2 )
=	136.891	/	596.839
=	0.23

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.

Forrester Research (NAS:FORR) Asset Turnover Explanation

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

Forrester Research's annulized ROE % for the quarter that ended in Dec. 2022 is

	ROE %^**		(Q: Dec. 2022 )
=	Net Income	/	Total Stockholders Equity
=	-6.52	/	217.7725
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-6.52 / 547.564)	*	(547.564 / 596.839)	*	(596.839/ 217.7725)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-1.19 %	*	0.9174	*	2.7407
=	ROA %	*	Equity Multiplier
=	-1.09 %	*	2.7407
=	-2.99 %

Note: The Net Income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) 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:

Forrester Research's annulized ROA % for the quarter that ended in Dec. 2022 is

	ROA %		(Q: Dec. 2022 )
=	Net Income	/	Total Assets
=	-6.52	/	596.839
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-6.52 / 547.564)	*	(547.564 / 596.839)
=	Net Margin %	*	Asset Turnover
=	-1.19 %	*	0.9174
=	-1.09 %

Note: The Net Income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) 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.

Forrester Research Asset Turnover Related Terms

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Forrester Research (NAS:FORR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Forrester Research Inc (NAS:FORR) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

FFR:Germany

Address

60 Acorn Park Drive, Cambridge, MA, USA, 02140

Website

https://www.forrester.com

Forrester Research Inc is a United States-based company that provides independent research, data, and advisory services. It operates through the following segments: The Research segment develops and delivers research, connect, and analytics products; The consulting segment includes the revenues and the related costs of the company's consulting organization, and the Events segment is engaged in developing and hosting in-person and virtual events.

Executives

Roy Sarah Le	officer: Chief People Officer	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Warren N Romine	director	7325 16TH STREET NW, WASHINGTON DC 20012
Sharyn Leaver	officer: Chief Research Officer	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Alicia Lee	officer: Chief Consulting Officer	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Nathaniel Swan	officer: Chief Sales Officer	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
George F Colony	director, 10 percent owner, officer: Chairman & CEO	C/O FORRESTER RESEARCH INC, 1033 MASSACHUSETTS AVE, CAMBRIDGE MA 02138
Leo Christian Finn	officer: Chief Financial Officer	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Michael Kasparian	officer: Chief Information Officer	C/O FORRESTER RESEARCH, 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Shirley Macbeth	officer: Chief Marketing Officer	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Sherri Kottmann	officer: Chief People Officer	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Carrie Johnson	officer: Chief Research Officer	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Jean Birch	director	3050 SOFT HORIZON WAY, LAS VEGAS NV 89135
Kelley Hippler	officer: Chief Sales Officer	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DR., CAMBRIDGE MA 02140
Anthony J Friscia	director	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Yvonne Wassenaar	director	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140