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Jack Henry & Associates (Jack Henry & Associates) Asset Turnover : 0.20 (As of Dec. 2023)


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What is Jack Henry & Associates Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Jack Henry & Associates's Revenue for the three months ended in Dec. 2023 was $546 Mil. Jack Henry & Associates's Total Assets for the quarter that ended in Dec. 2023 was $2,744 Mil. Therefore, Jack Henry & Associates's Asset Turnover for the quarter that ended in Dec. 2023 was 0.20.

Asset Turnover is linked to ROE % through Du Pont Formula. Jack Henry & Associates's annualized ROE % for the quarter that ended in Dec. 2023 was 21.74%. It is also linked to ROA % through Du Pont Formula. Jack Henry & Associates's annualized ROA % for the quarter that ended in Dec. 2023 was 13.41%.


Jack Henry & Associates Asset Turnover Historical Data

The historical data trend for Jack Henry & Associates'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.

Jack Henry & Associates Asset Turnover Chart

Jack Henry & Associates Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.74 0.74 0.74 0.81 0.80

Jack Henry & Associates Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.20 0.21 0.20

Competitive Comparison of Jack Henry & Associates's Asset Turnover

For the Information Technology Services subindustry, Jack Henry & Associates'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.


Jack Henry & Associates's Asset Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Jack Henry & Associates's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Jack Henry & Associates's Asset Turnover falls into.



Jack Henry & Associates Asset Turnover Calculation

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

Jack Henry & Associates's Asset Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2023 )/( (Total Assets (A: Jun. 2022 )+Total Assets (A: Jun. 2023 ))/ count )
=2077.702/( (2455.564+2773.826)/ 2 )
=2077.702/2614.695
=0.79

Jack Henry & Associates'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: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=545.701/( (2734.223+2753.976)/ 2 )
=545.701/2744.0995
=0.20

* 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.


Jack Henry & Associates  (NAS:JKHY) Asset Turnover Explanation

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

Jack Henry & Associates's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=367.86/1692.1675
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(367.86 / 2182.804)*(2182.804 / 2744.0995)*(2744.0995/ 1692.1675)
=Net Margin %*Asset Turnover*Equity Multiplier
=16.85 %*0.7955*1.6216
=ROA %*Equity Multiplier
=13.41 %*1.6216
=21.74 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (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:

Jack Henry & Associates's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=367.86/2744.0995
=(Net Income / Revenue)*(Revenue / Total Assets)
=(367.86 / 2182.804)*(2182.804 / 2744.0995)
=Net Margin %*Asset Turnover
=16.85 %*0.7955
=13.41 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (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.


Jack Henry & Associates Asset Turnover Related Terms

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


Jack Henry & Associates (Jack Henry & Associates) Business Description

Traded in Other Exchanges
Address
663 Highway 60, P.O. Box 807, Monett, MO, USA, 65708
Jack Henry is a leading provider of core processing and complementary services, such as electronic funds transfer, payment processing, and loan processing for U.S. banks and credit unions, with a focus on small and midsize banks. Jack Henry serves almost 1,000 banks and over 700 credit unions.
Executives
Stacey E. Zengel officer: Vice President PO BOX 807, 663 HWY 60, MONETT MO 65708
Thomas A Wimsett director
Laura G. Kelly director PO BOX 807, 663 HIGHWAY 60, MONETT MO 65708
David B Foss officer: PRESIDENT PO BOX 807, 663 HWY 60, MONETT MO 65708
Mimi Carsley officer: CFO and Treasurer 6333 N. STATE HWY 161, 6TH FLOOR, IRVING TX 75038
Renee Ann Swearingen officer: Sr VP & Chief Accounting Offic PO BOX 807, 663 HWY 60, MONETT MO 65708
Gregory R. Adelson officer: Vice President PO BOX 807, 663 HWY 60, MONETT MO 65708
Wilson Thomas Hampton Jr. director PO BOX 807, 663 HWY 60, MONETT MO 65708
Curtis A Campbell director 6333 N. STATE HWY 161, 6TH FLOOR, IRVING TX 75038
John F Prim officer: PRESIDENT PO BOX 807-663 HWY 60, MONETT MO 65708
Steven W. Tomson officer: VICE PRESIDENT PO BOX 807, 663 HWY 60, MONETT MO 65708
Kevin D Williams officer: CHIEF FINANCIAL OFFICER PO BOX 807-663 HWY 60, MONETT MO 65708
Mark S Forbis officer: IMAGE DEPARTMENT MANAGER 663 HWY 60, PO BOX 807, MONETT MO 65708
Ronald L. Moses officer: Vice President PO BOX 807, 663 HWY 60, MONETT MO 65708
Wesley A Brown director PO BOX 807, 663 HWY 60, MONETT MO 65708