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Hurco (HURC) Asset Turnover : 0.15 (As of Jul. 2024)


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What is Hurco Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Hurco's Revenue for the three months ended in Jul. 2024 was $42.7 Mil. Hurco's Total Assets for the quarter that ended in Jul. 2024 was $276.6 Mil. Therefore, Hurco's Asset Turnover for the quarter that ended in Jul. 2024 was 0.15.

Asset Turnover is linked to ROE % through Du Pont Formula. Hurco's annualized ROE % for the quarter that ended in Jul. 2024 was -18.18%. It is also linked to ROA % through Du Pont Formula. Hurco's annualized ROA % for the quarter that ended in Jul. 2024 was -13.88%.


Hurco Asset Turnover Historical Data

The historical data trend for Hurco'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.

Hurco Asset Turnover Chart

Hurco Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.85 0.57 0.75 0.79 0.76

Hurco Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.17 0.22 0.16 0.16 0.15

Competitive Comparison of Hurco's Asset Turnover

For the Specialty Industrial Machinery subindustry, Hurco'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.


Hurco's Asset Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hurco's Asset Turnover distribution charts can be found below:

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



Hurco Asset Turnover Calculation

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

Hurco's Asset Turnover for the fiscal year that ended in Oct. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Oct. 2023 )/( (Total Assets (A: Oct. 2022 )+Total Assets (A: Oct. 2023 ))/ count )
=227.807/( (306.237+290.589)/ 2 )
=227.807/298.413
=0.76

Hurco's Asset Turnover for the quarter that ended in Jul. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jul. 2024 )/( (Total Assets (Q: Apr. 2024 )+Total Assets (Q: Jul. 2024 ))/ count )
=42.651/( (280.826+272.376)/ 2 )
=42.651/276.601
=0.15

* 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.


Hurco  (NAS:HURC) Asset Turnover Explanation

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

Hurco's annulized ROE % for the quarter that ended in Jul. 2024 is

ROE %**(Q: Jul. 2024 )
=Net Income/Total Stockholders Equity
=-38.384/211.101
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-38.384 / 170.604)*(170.604 / 276.601)*(276.601/ 211.101)
=Net Margin %*Asset Turnover*Equity Multiplier
=-22.5 %*0.6168*1.3103
=ROA %*Equity Multiplier
=-13.88 %*1.3103
=-18.18 %

Note: The Net Income data used here is four times the quarterly (Jul. 2024) net income data. The Revenue data used here is four times the quarterly (Jul. 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:

Hurco's annulized ROA % for the quarter that ended in Jul. 2024 is

ROA %(Q: Jul. 2024 )
=Net Income/Total Assets
=-38.384/276.601
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-38.384 / 170.604)*(170.604 / 276.601)
=Net Margin %*Asset Turnover
=-22.5 %*0.6168
=-13.88 %

Note: The Net Income data used here is four times the quarterly (Jul. 2024) net income data. The Revenue data used here is four times the quarterly (Jul. 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.


Hurco Asset Turnover Related Terms

Thank you for viewing the detailed overview of Hurco's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Hurco Business Description

Traded in Other Exchanges
Address
One Technology Way, Indianapolis, IN, USA, 46268
Hurco Companies Inc is a United States-based industrial technology company. It designs, manufactures, and sells computerized machine tools, consisting mainly of vertical machining centers and turning centers, to companies in the metal working industry through sales, service and distribution network. The company concentrated on designing user-friendly computer control systems that can be operated by both skilled and unskilled machine tool operators. It generates maximum revenue from the Computerized Machine Tools product. Geographically, It derives a majority of revenue from the United States of America. Its product categories include 5-Axis VMC; 3-Axis VMC; Horizontal MC and Turning Centers.
Executives
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Haiquynh Jamison officer: Corporate Controller ONE TECHNOLOGY WAY, C/O HURCO COMPANIES, INC., INDIANAPOLIS IN 46268
Jonathon D. Wright officer: General Counsel/Corp Secretary ONE TECHNOLOGY WAY, C/O HURCO COMPANIES, INC>, INDIANAPOLIS IN 46268
Sonja K Mcclelland officer: Chief Financial Officer ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Michael Doar director, officer: Chairman & CEO ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Richard R. Porter director ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Gregory S Volovic officer: EVP-Technology and Operations ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Robert W Cruickshank director
Timothy J Gardner director 3600 WEST LAKE AVENUE, GLENVIEW IL 60026
Jay C. Longbottom director C/O HURCO COMPANIES, INC., ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Janaki Sivanesan director 575 MADISON AVENUE, NEW YORK NY 10022
Thomas A. Aaro director C/O HURCO COMPANIES, INC., ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Cynthia S Dubin director 1200 E. MARKET STREET, SUITE 650, AKRON OH 44305
Andrew Sheeley Niner director ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Ronald G. Strackbein director ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268