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ISA Holdings (JSE:ISA) Asset Turnover : 0.53 (As of Aug. 2024)


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What is ISA Holdings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. ISA Holdings's Revenue for the six months ended in Aug. 2024 was R45.12 Mil. ISA Holdings's Total Assets for the quarter that ended in Aug. 2024 was R84.50 Mil. Therefore, ISA Holdings's Asset Turnover for the quarter that ended in Aug. 2024 was 0.53.

Asset Turnover is linked to ROE % through Du Pont Formula. ISA Holdings's annualized ROE % for the quarter that ended in Aug. 2024 was 43.43%. It is also linked to ROA % through Du Pont Formula. ISA Holdings's annualized ROA % for the quarter that ended in Aug. 2024 was 31.24%.


ISA Holdings Asset Turnover Historical Data

The historical data trend for ISA Holdings'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.

ISA Holdings Asset Turnover Chart

ISA Holdings Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.00 0.87 0.94 0.94 1.24

ISA Holdings Semi-Annual Data
Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
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 0.47 0.58 0.64 0.63 0.53

Competitive Comparison of ISA Holdings's Asset Turnover

For the Software - Infrastructure subindustry, ISA Holdings'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.


ISA Holdings's Asset Turnover Distribution in the Software Industry

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

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



ISA Holdings Asset Turnover Calculation

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

ISA Holdings's Asset Turnover for the fiscal year that ended in Feb. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Feb. 2024 )/( (Total Assets (A: Feb. 2023 )+Total Assets (A: Feb. 2024 ))/ count )
=100.797/( (76.171+86.447)/ 2 )
=100.797/81.309
=1.24

ISA Holdings's Asset Turnover for the quarter that ended in Aug. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Aug. 2024 )/( (Total Assets (Q: Feb. 2024 )+Total Assets (Q: Aug. 2024 ))/ count )
=45.118/( (86.447+82.553)/ 2 )
=45.118/84.5
=0.53

* 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.


ISA Holdings  (JSE:ISA) Asset Turnover Explanation

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

ISA Holdings's annulized ROE % for the quarter that ended in Aug. 2024 is

ROE %**(Q: Aug. 2024 )
=Net Income/Total Stockholders Equity
=26.398/60.7845
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(26.398 / 90.236)*(90.236 / 84.5)*(84.5/ 60.7845)
=Net Margin %*Asset Turnover*Equity Multiplier
=29.25 %*1.0679*1.3902
=ROA %*Equity Multiplier
=31.24 %*1.3902
=43.43 %

Note: The Net Income data used here is two times the semi-annual (Aug. 2024) net income data. The Revenue data used here is two times the semi-annual (Aug. 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:

ISA Holdings's annulized ROA % for the quarter that ended in Aug. 2024 is

ROA %(Q: Aug. 2024 )
=Net Income/Total Assets
=26.398/84.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(26.398 / 90.236)*(90.236 / 84.5)
=Net Margin %*Asset Turnover
=29.25 %*1.0679
=31.24 %

Note: The Net Income data used here is two times the semi-annual (Aug. 2024) net income data. The Revenue data used here is two times the semi-annual (Aug. 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.


ISA Holdings Asset Turnover Related Terms

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ISA Holdings Business Description

Traded in Other Exchanges
N/A
Address
33 Riley Road, Block 9, Pinewood Office Park, Woodmead, Sandton, ZAF, 2146
ISA Holdings Ltd is an investment holding company. The company, through its subsidiary, provides network, Internet, and information security solutions to the sub-Saharan African market. Its business is to discover, design, deliver, deploy, and manage its bespoke Information and Communication Technology (ICT) security infrastructure. Its technology offerings include firewalls, anti-virus, authentication, remote access, content security, intrusion protection, virtual private networking, vulnerability assessment, messaging and data protection, and identity and access management. The company generates a majority of its revenue from its business in South Africa.

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