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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. Golub Capital BDC's Revenue for the three months ended in Sep. 2024 was $94.2 Mil. Golub Capital BDC's Total Assets for the quarter that ended in Sep. 2024 was $8,591.6 Mil. Therefore, Golub Capital BDC's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.
Asset Turnover is linked to ROE % through Du Pont Formula. Golub Capital BDC's annualized ROE % for the quarter that ended in Sep. 2024 was 9.44%. It is also linked to ROA % through Du Pont Formula. Golub Capital BDC's annualized ROA % for the quarter that ended in Sep. 2024 was 4.43%.
The historical data trend for Golub Capital BDC'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.
Golub Capital BDC Annual Data | |||||||||||||||||||||
Trend | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | Sep24 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 0.02 | 0.07 | 0.03 | 0.05 | 0.04 |
Golub Capital BDC Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Asset Turnover | Get a 7-Day Free Trial | 0.02 | 0.01 | 0.02 | - | 0.01 |
For the Asset Management subindustry, Golub Capital BDC'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 Asset Management industry and Financial Services sector, Golub Capital BDC's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Golub Capital BDC's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Golub Capital BDC's Asset Turnover for the fiscal year that ended in Sep. 2024 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Sep. 2024 ) | / | ( (Total Assets (A: Sep. 2023 ) | + | Total Assets (A: Sep. 2024 )) | / count ) |
= | 272.57 | / | ( (5733.472 | + | 8705.978) | / 2 ) |
= | 272.57 | / | 7219.725 | |||
= | 0.04 |
Golub Capital BDC's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Sep. 2024 ) | / | ( (Total Assets (Q: Jun. 2024 ) | + | Total Assets (Q: Sep. 2024 )) | / count ) |
= | 94.243 | / | ( (8477.205 | + | 8705.978) | / 2 ) |
= | 94.243 | / | 8591.5915 | |||
= | 0.01 |
* 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.
Golub Capital BDC (NAS:GBDC) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Golub Capital BDC's annulized ROE % for the quarter that ended in Sep. 2024 is
ROE %** | (Q: Sep. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 380.796 | / | 4034.086 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (380.796 / 376.972) | * | (376.972 / 8591.5915) | * | (8591.5915/ 4034.086) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 101.01 % | * | 0.0439 | * | 2.1297 |
= | ROA % | * | Equity Multiplier | ||
= | 4.43 % | * | 2.1297 | ||
= | 9.44 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 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:
Golub Capital BDC's annulized ROA % for the quarter that ended in Sep. 2024 is
ROA % | (Q: Sep. 2024 ) | ||
= | Net Income | / | Total Assets |
= | 380.796 | / | 8591.5915 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (380.796 / 376.972) | * | (376.972 / 8591.5915) |
= | Net Margin % | * | Asset Turnover |
= | 101.01 % | * | 0.0439 |
= | 4.43 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 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.
Thank you for viewing the detailed overview of Golub Capital BDC's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Lawrence E Golub | director, officer: Chairman | 555 MADISON AVENUE, 30TH FLOOR, NEW YORK NY 10022 |
David Golub | director, officer: Chief Executive Officer | 1125 PARK AVE. 7A, NEW YORK NY 10128 |
Anita R Rosenberg | director | C/O GOLUB CAPITAL BDC, INC., 150 SOUTH WACKER STREET, SUITE 800, CHICAGO IL 60606 |
John Thomas Baily | director | 919 THIRD AVENUE, 10TH FLOOR, NEW YORK NY 10022 |
Ericson Christopher Compton | officer: Chief Fin. Officer & Treasurer | C/O GOLUB CAPITAL, 200 PARK AVENUE, 25TH FLOOR, NEW YORK NY 10166 |
Holder Lofton Phillip Jr | director | 48 WEST 89TH STREET, NEW YORK NY 10024 |
Joshua M Levinson | officer: Chief Compliance Officer | 150 SOUTH WACKER DRIVE, 8TH FLOOR, CHICAGO IL 60606 |
Webster William M Iv | director | 120 N LASALLE ST, SUITE 3300, CHICAGO IL 60602 |
Ross Teune | officer: Chief Financial Officer | 150 SOUTH WACKER DRIVE, SUITE 800, CHICAGO IL 60606 |
Ohio Strs | 10 percent owner | 275 E BROAD ST, COLUMBUS OH 43215 |
Kenneth F Bernstein | director | C/O ACADIA REALTY TRUST, 411 THEODORE FREMD AVENUE, SUITE 300, RYE NY 10580 |
Thomas E Lynch | director | 382 GREENWICH AVE, SUITE ONE, GREENWICH CT 06830 |
Sean K Coleman | officer: CFO and Treasurer | C/O FRANKLIN SQUARE CAPITAL PARTNERS, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104 |
Gems Fund, L.p. | 10 percent owner | C/O GC ADVISORS LLC, 150 SOUTH WACKER DRIVE, SUITE 800, CHICAGO IL 60606 |
Golub Capital Co Iv, Llc | 10 percent owner | 150 SOUTH WACKER DRIVE, SUITE 800, CHICAGO IL 60606 |
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