Gabelli Multimedia Trust (Gabelli Multimedia Trust) Asset Turnover

: 0.03 (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. Gabelli Multimedia Trust's Revenue for the six months ended in Dec. 2023 was $5.39 Mil. Gabelli Multimedia Trust's Total Assets for the quarter that ended in Dec. 2023 was $194.53 Mil. Therefore, Gabelli Multimedia Trust's Asset Turnover for the quarter that ended in Dec. 2023 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. Gabelli Multimedia Trust's annualized ROE % for the quarter that ended in Dec. 2023 was 9.22%. It is also linked to ROA % through Du Pont Formula. Gabelli Multimedia Trust's annualized ROA % for the quarter that ended in Dec. 2023 was 5.16%.

Gabelli Multimedia Trust Asset Turnover Historical Data

The historical data trend for Gabelli Multimedia Trust'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.

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Gabelli Multimedia Trust Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Asset Turnover

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0.18

0.11

0.09

-0.35

0.12

Gabelli Multimedia Trust Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Asset Turnover	Get a 7-Day Free Trial								-0.04	-0.27	-0.07	0.10	0.03

Competitive Comparison

For the Asset Management subindustry, Gabelli Multimedia Trust'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.

Gabelli Multimedia Trust Asset Turnover Distribution

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

* The bar in red indicates where Gabelli Multimedia Trust's Asset Turnover falls into.

Gabelli Multimedia Trust Asset Turnover Calculation

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

Gabelli Multimedia Trust'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 )
=	24.011	/	( (195.138	+	191.001)	/ 2 )
=	24.011	/	193.0695
=	0.12

Gabelli Multimedia Trust'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 )
=	5.394	/	( (198.068	+	191.001)	/ 2 )
=	5.394	/	194.5345
=	0.03

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.

Gabelli Multimedia Trust (NYSE:GGT) Asset Turnover Explanation

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

Gabelli Multimedia Trust's annulized ROE % for the quarter that ended in Dec. 2023 is

	ROE %^**		(Q: Dec. 2023 )
=	Net Income	/	Total Stockholders Equity
=	10.038	/	108.8545
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(10.038 / 10.788)	*	(10.788 / 194.5345)	*	(194.5345/ 108.8545)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	93.05 %	*	0.0555	*	1.7871
=	ROA %	*	Equity Multiplier
=	5.16 %	*	1.7871
=	9.22 %

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.

^** 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:

Gabelli Multimedia Trust's annulized ROA % for the quarter that ended in Dec. 2023 is

	ROA %		(Q: Dec. 2023 )
=	Net Income	/	Total Assets
=	10.038	/	194.5345
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(10.038 / 10.788)	*	(10.788 / 194.5345)
=	Net Margin %	*	Asset Turnover
=	93.05 %	*	0.0555
=	5.16 %

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.

Gabelli Multimedia Trust Asset Turnover Related Terms

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Gabelli Multimedia Trust (Gabelli Multimedia Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gabelli Multimedia Trust Inc (NYSE:GGT) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

GGTpG.PFD:USA GGTpE.PFD:USA

Address

One Corporate Center, Rye, New York, NY, USA, 10580-1422

Website

https://www.gabelli.com

Gabelli Multimedia Trust Inc is a non-diversified closed-end management investment company. Its investment objective is the long-term growth of capital. The fund invests at least 80% of its assets, under normal market conditions, in common stock and other securities, including convertible securities, preferred stock, options, and warrants of companies in the telecommunications, media, publishing, and entertainment industries.

Executives

Mario J Gabelli	director	191 MASON STREET, GREENWICH CT 06830
Calgary Avansino	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Anthony S. Colavita	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Elizabeth C Bogan	director	C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, MORRISTOWN NJ 07960
Peter D. Goldstein	officer: Secretary	249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
James P Conn	director
John Birch	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Bank Of America Corp /de/	10 percent owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Merrill Lynch, Pierce, Fenner & Smith Inc.	other: Subsidiary	4 WORLD FINANCIAL CENTER, NORTH TOWER, NEW YORK NY 10080
Group Ag Ubs	10 percent owner	BAHNHOFSTRASSE 45, ZURICH V8 CH-8001
Blue Ridge Investments, L.l.c.	10 percent owner	ONE BRYANT PARK, NEW YORK NY 10036
John Chester Ball	officer: Treasurer	800 CONNECTICUT AVENUE, NORWALK CT 06854
Kuni Nakamura	director	1 MARTIN BUTLER COURT, RYE NY 10580
Christopher J. Marangi	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Salvatore J Zizza	director	810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019