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Gold Fields (NYSE:GFI) Asset Turnover

: 0.28 (As of Dec. 2023)
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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. Gold Fields's Revenue for the six months ended in Dec. 2023 was $2,234 Mil. Gold Fields's Total Assets for the quarter that ended in Dec. 2023 was $8,037 Mil. Therefore, Gold Fields's Asset Turnover for the quarter that ended in Dec. 2023 was 0.28.

Asset Turnover is linked to ROE % through Du Pont Formula. Gold Fields's annualized ROE % for the quarter that ended in Dec. 2023 was 11.22%. It is also linked to ROA % through Du Pont Formula. Gold Fields's annualized ROA % for the quarter that ended in Dec. 2023 was 6.11%.


Gold Fields Asset Turnover Historical Data

The historical data trend for Gold Fields'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.

Gold Fields Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.48 0.56 0.57 0.58 0.58

Gold Fields 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 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 Premium Member Only Premium Member Only Premium Member Only 0.30 0.30 0.28 0.30 0.28

Competitive Comparison

For the Gold subindustry, Gold Fields'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.


Gold Fields Asset Turnover Distribution

For the Metals & Mining industry and Basic Materials sector, Gold Fields's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Gold Fields's Asset Turnover falls into.



Gold Fields Asset Turnover Calculation

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

Gold Fields'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 )
=4500.7/( (7338.1+8226.3)/ 2 )
=4500.7/7782.2
=0.58

Gold Fields'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 )
=2234.4/( (7847.3+8226.3)/ 2 )
=2234.4/8036.8
=0.28

* 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.


Gold Fields  (NYSE:GFI) Asset Turnover Explanation

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

Gold Fields's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=491/4377.05
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(491 / 4468.8)*(4468.8 / 8036.8)*(8036.8/ 4377.05)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.99 %*0.556*1.8361
=ROA %*Equity Multiplier
=6.11 %*1.8361
=11.22 %

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.

* 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:

Gold Fields's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=491/8036.8
=(Net Income / Revenue)*(Revenue / Total Assets)
=(491 / 4468.8)*(4468.8 / 8036.8)
=Net Margin %*Asset Turnover
=10.99 %*0.556
=6.11 %

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.

* 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.


Gold Fields Asset Turnover Related Terms

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Gold Fields (NYSE:GFI) Business Description

Address
150 Helen Road, Sandown, Sandton, Johannesburg, GT, ZAF, 2196
Gold Fields Ltd is a producer of gold and is a holder of gold reserves and resources in South Africa, Ghana, Australia and Peru. In Peru, the company also produces copper. The company is primarily involved in underground and surface gold and surface copper mining and silver and related activities, including exploration, extraction, processing and smelting. It conducts underground and surface mining operations at St. Ives, underground-only operations at Agnew, Granny Smith and South Deep and surface-only open pit mining at Damang, Tarkwa and Cerro Corona. The company's revenues are derived from the sale of gold that it produces.