GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Investcorp Credit Management BDC Inc (NAS:ICMB) » Definitions » Asset Turnover

ICMB (Investcorp Credit Management BDC) Asset Turnover : 0.04 (As of Sep. 2024)


View and export this data going back to 2014. Start your Free Trial

What is Investcorp Credit Management BDC Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Investcorp Credit Management BDC's Revenue for the three months ended in Sep. 2024 was $7.93 Mil. Investcorp Credit Management BDC's Total Assets for the quarter that ended in Sep. 2024 was $197.63 Mil. Therefore, Investcorp Credit Management BDC's Asset Turnover for the quarter that ended in Sep. 2024 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. Investcorp Credit Management BDC's annualized ROE % for the quarter that ended in Sep. 2024 was 34.12%. It is also linked to ROA % through Du Pont Formula. Investcorp Credit Management BDC's annualized ROA % for the quarter that ended in Sep. 2024 was 13.37%.


Investcorp Credit Management BDC Asset Turnover Historical Data

The historical data trend for Investcorp Credit Management 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.

* Premium members only.

Investcorp Credit Management BDC Asset Turnover Chart

Investcorp Credit Management BDC Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.06 0.01 0.03 0.03 -

Investcorp Credit Management 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 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 - -0.01 0.02 -0.01 0.04

Competitive Comparison of Investcorp Credit Management BDC's Asset Turnover

For the Asset Management subindustry, Investcorp Credit Management 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.


Investcorp Credit Management BDC's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Investcorp Credit Management BDC's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Investcorp Credit Management BDC's Asset Turnover falls into.



Investcorp Credit Management BDC Asset Turnover Calculation

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

Investcorp Credit Management BDC's Asset Turnover for the fiscal year that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2024 )/( (Total Assets (A: Jun. 2023 )+Total Assets (A: Jun. 2024 ))/ count )
=0.861/( (231.807+192.238)/ 2 )
=0.861/212.0225
=0.00

Investcorp Credit Management 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 )
=7.928/( (192.238+203.017)/ 2 )
=7.928/197.6275
=0.04

* 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.


Investcorp Credit Management BDC  (NAS:ICMB) Asset Turnover Explanation

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

Investcorp Credit Management BDC's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=26.428/77.449
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(26.428 / 31.712)*(31.712 / 197.6275)*(197.6275/ 77.449)
=Net Margin %*Asset Turnover*Equity Multiplier
=83.34 %*0.1605*2.5517
=ROA %*Equity Multiplier
=13.37 %*2.5517
=34.12 %

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:

Investcorp Credit Management BDC's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=26.428/197.6275
=(Net Income / Revenue)*(Revenue / Total Assets)
=(26.428 / 31.712)*(31.712 / 197.6275)
=Net Margin %*Asset Turnover
=83.34 %*0.1605
=13.37 %

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.


Investcorp Credit Management BDC Asset Turnover Related Terms

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


Investcorp Credit Management BDC Business Description

Traded in Other Exchanges
N/A
Address
280 Park Avenue, 39th Floor, New York, NY, USA, 10017
Investcorp Credit Management BDC Inc is an externally managed, non-diversified closed-end management investment firm that has elected to be regulated as a business development company (BDC). Its investment objective is to maximize total return to stockholders in the form of current income and capital appreciation by investing in debt and related equity of privately held lower middle-market companies. The company principally invests in the debt of middle-market companies, which it defines as those companies that have an enterprise value.
Executives
Suhail A. Shaikh officer: President C/O ALCENTRA CAPITAL CORPORATION, 200 PARK AVENUE, 7TH FLOOR, NEW YORK NY 10166
Cyrus Capital Partners, L.p. 10 percent owner 65 EAST 55 STREET, 35TH FLOOR, NEW YORK NY 10022
Rocco Delguercio officer: CFO, CCO & Treasurer CREDIT SUISSE ASSET MANAGEMENT LLC, ONE MADISON AVENUE, NEW YORK NY 10010
Investcorp Bdc Holdings Ltd 10 percent owner CENTURY YARD, CRICKET SQUARE, ELGIN AVENUE, GEORGE TOWN E9 GRAND CAYM
Cyrus Capital Partners Gp, Llc 10 percent owner 65 EAST 55TH STREET, 35TH FLOOR, NEW YORK NY 10022
Stephen C Freidheim 10 percent owner C/O CYRUS CAPITAL PARTNERS, L.P., 65 EAST 55TH STREET, 35TH FLOOR, NEW YORK NY 10022
Lee Michael Shaiman director C/O INVESTCORP CREDIT MANAGEMENT BDC INC, 280 PARK AVENUE, 39TH FLOOR, NEW YORK NY 10017
Keith Lee director 399 PARK AVENUE, 39TH FLOOR, NEW YORK NY 10022
Michael Mauer director, officer: Chief Executive Officer C/O ICAHN CAPITAL LP, 767 FIFTH AVE., SUITE 4700, NEW YORK NY 10153
Thomas J Sullivan director C/O SPIRIT REALTY CAPITAL INC., 2727 N. HARWOOD STREET, SUITE 300, DALLAS TX 75201
S.a. Investcorp 10 percent owner CENTURY YARD, CRICKET SQUARE, P.O. BOX 1111, GRAND CAYMAN E9 KY1-1102
Investcorp Credit Management Us Llc 10 percent owner 280 PARK AVENUE, 36TH FLOOR, NEW YORK NY 10017
Sipco Holdings Ltd 10 percent owner CENTURY YARD, CRICKET SQUARE, P.O. BOX 1111, GRAND CAYMAN E9 KY1-1102
Gerald Cummins officer: Chief Compliance Officer C/O OXFORD LANE CAPITAL CORP., 8 SOUND SHORE DRIVE, SUITE 255, GREENWICH CT 06830
Robert P Ryder director C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BUILDING 100, VICTOR NY 14564

Investcorp Credit Management BDC Headlines

From GuruFocus