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Instructure (Instructure) Asset Turnover : 0.18 (As of Dec. 2019)


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What is Instructure Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Instructure's Revenue for the three months ended in Dec. 2019 was $69.2 Mil. Instructure's Total Assets for the quarter that ended in Dec. 2019 was $379.2 Mil. Therefore, Instructure's Asset Turnover for the quarter that ended in Dec. 2019 was 0.18.

Asset Turnover is linked to ROE % through Du Pont Formula. Instructure's annualized ROE % for the quarter that ended in Dec. 2019 was -62.12%. It is also linked to ROA % through Du Pont Formula. Instructure's annualized ROA % for the quarter that ended in Dec. 2019 was -24.27%.


Instructure Asset Turnover Historical Data

The historical data trend for Instructure'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.

Instructure Asset Turnover Chart

Instructure Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Asset Turnover
Get a 7-Day Free Trial 0.78 0.97 1.20 0.97 0.81

Instructure Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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 0.20 0.20 0.18 0.18 0.18

Competitive Comparison of Instructure's Asset Turnover

For the Software - Application subindustry, Instructure'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.


Instructure's Asset Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Instructure's Asset Turnover distribution charts can be found below:

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



Instructure Asset Turnover Calculation

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

Instructure's Asset Turnover for the fiscal year that ended in Dec. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2019 )/( (Total Assets (A: Dec. 2018 )+Total Assets (A: Dec. 2019 ))/ count )
=258.473/( (273.997+367.5)/ 2 )
=258.473/320.7485
=0.81

Instructure's Asset Turnover for the quarter that ended in Dec. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2019 )/( (Total Assets (Q: Sep. 2019 )+Total Assets (Q: Dec. 2019 ))/ count )
=69.195/( (390.958+367.5)/ 2 )
=69.195/379.229
=0.18

* 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.


Instructure  (NYSE:INST) Asset Turnover Explanation

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

Instructure's annulized ROE % for the quarter that ended in Dec. 2019 is

ROE %**(Q: Dec. 2019 )
=Net Income/Total Stockholders Equity
=-92.02/148.1435
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-92.02 / 276.78)*(276.78 / 379.229)*(379.229/ 148.1435)
=Net Margin %*Asset Turnover*Equity Multiplier
=-33.25 %*0.7298*2.5599
=ROA %*Equity Multiplier
=-24.27 %*2.5599
=-62.12 %

Note: The Net Income data used here is four times the quarterly (Dec. 2019) net income data. The Revenue data used here is four times the quarterly (Dec. 2019) 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:

Instructure's annulized ROA % for the quarter that ended in Dec. 2019 is

ROA %(Q: Dec. 2019 )
=Net Income/Total Assets
=-92.02/379.229
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-92.02 / 276.78)*(276.78 / 379.229)
=Net Margin %*Asset Turnover
=-33.25 %*0.7298
=-24.27 %

Note: The Net Income data used here is four times the quarterly (Dec. 2019) net income data. The Revenue data used here is four times the quarterly (Dec. 2019) 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.


Instructure Asset Turnover Related Terms

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Instructure (Instructure) Business Description

Traded in Other Exchanges
N/A
Address
6330 South 3000 East, Suite 700, Salt Lake City, UT, USA, 84121
Instructure Inc provides cloud-based learning management platform for academic institutions and companies worldwide. The company offers its platform through a Software-as-a-Service business model. It develops Canvas, a learning management application for the education market; and Bridge for the corporate market to enable its customers in developing, delivering, and managing face-to-face and online learning experiences. Geographically, it operates in the market of the United States and its business is also expanding internationally and it derives revenue from Subscription and support source.
Executives
Kevin B Thompson director C/O RED HAT, INC, 1801 VARSITY DRIVE, RALEIGH NC 27606
Steven A Collins director 20 N. MERIDIAN STREET, SUITE 200, INDIANAPOLIS IN 46204
Ellen Levy director C/O INSTRUCTURE, INC., 6330 SOUTH 3000 EAST, SUITE 700, SALT LAKE CITY UT 84121
Jim Steele director C/O INTRALINKS, INC., 150 E. 42ND STREET, NEW YORK NY 10017
Openview Management, Llc 10 percent owner C/O OPENVIEW VENTURE PARTNERS, 303 CONGRESS STREET, 6TH FLOOR, BOSTON MA 02210
Byron B Deeter director C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE SUITE 104, LARCHMONT NY 10538
Insight Venture Partners Viii (co-investors), L.p. 10 percent owner 680 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019
Insight Venture Associates Viii, Ltd. 10 percent owner 1114 AVENUE OF THE AMERICAS, 36TH FLOOR, NEW YORK NY 10036
Insight Venture Associates Coinvestment Iii, Ltd. 10 percent owner 1114 AVENUE OF THE AMERICAS, 36TH FLOOR, NEW YORK NY 10036
Insight Venture Associates Coinvestment Iii, L.p. 10 percent owner 1114 AVENUE OF THE AMERICAS, 36 TH FLOOR, NEW YORK NY 10036
Insight Venture Associates Viii, L.p. 10 percent owner 1114 AVENUE OF THE AMERICAS, 36 TH FLOOR, NEW YORK NY 10036
Insight Venture Partners Coinvestment Fund (delaware) Iii, L.p. 10 percent owner 680 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019
Insight Venture Partners Coinvestment Fund Iii, L.p. 10 percent owner 680 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019
Insight Holdings Group, Llc 10 percent owner 1114 AVENUE OF THE AMERICAS, 36TH FLOOR, NEW YORK NY 10036
Insight Venture Partners Viii, L.p. 10 percent owner P.O. BOX 309 UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104