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LPRO (Open Lending) Asset Turnover : 0.06 (As of Sep. 2024)


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What is Open Lending Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Open Lending's Revenue for the three months ended in Sep. 2024 was $23.48 Mil. Open Lending's Total Assets for the quarter that ended in Sep. 2024 was $389.25 Mil. Therefore, Open Lending's Asset Turnover for the quarter that ended in Sep. 2024 was 0.06.

Asset Turnover is linked to ROE % through Du Pont Formula. Open Lending's annualized ROE % for the quarter that ended in Sep. 2024 was 2.63%. It is also linked to ROA % through Du Pont Formula. Open Lending's annualized ROA % for the quarter that ended in Sep. 2024 was 1.48%.


Open Lending Asset Turnover Historical Data

The historical data trend for Open Lending'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.

Open Lending Asset Turnover Chart

Open Lending Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 1.17 0.58 0.70 0.51 0.31

Open Lending 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 0.07 0.04 0.08 0.07 0.06

Competitive Comparison of Open Lending's Asset Turnover

For the Credit Services subindustry, Open Lending'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.


Open Lending's Asset Turnover Distribution in the Credit Services Industry

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

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



Open Lending Asset Turnover Calculation

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

Open Lending's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=117.46/( (379.631+374.037)/ 2 )
=117.46/376.834
=0.31

Open Lending'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 )
=23.476/( (382.802+395.707)/ 2 )
=23.476/389.2545
=0.06

* 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.


Open Lending  (NAS:LPRO) Asset Turnover Explanation

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

Open Lending's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=5.748/218.623
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(5.748 / 93.904)*(93.904 / 389.2545)*(389.2545/ 218.623)
=Net Margin %*Asset Turnover*Equity Multiplier
=6.12 %*0.2412*1.7805
=ROA %*Equity Multiplier
=1.48 %*1.7805
=2.63 %

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:

Open Lending's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=5.748/389.2545
=(Net Income / Revenue)*(Revenue / Total Assets)
=(5.748 / 93.904)*(93.904 / 389.2545)
=Net Margin %*Asset Turnover
=6.12 %*0.2412
=1.48 %

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.


Open Lending Asset Turnover Related Terms

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


Open Lending Business Description

Traded in Other Exchanges
N/A
Address
1501 S. Mopac Expressway, Suite 450, Austin, TX, USA, 78746
Open Lending Corp is engaged in providing automated lending services to financial institutions. The company offers loan analytics, risk-based pricing, risk modeling, and automated decision technology. Its Lenders Protection Program ("LPP") enables automotive lenders to make loans that are largely insured against losses from defaults.
Executives
John Joseph Flynn director, officer: See Remarks C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
Shawna Kelley Shelor officer: Chief People Officer C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
Thomas K Hegge director C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
Shubhi Suryaji Rao director OPEN LENDING CORPORATION, BARTON OAKS ONE 901 S MOPAC EXPRESSWAY, AUSTIN TX 78746
Matthew Stark officer: EVP and General Counsel C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
Matthew Roe officer: Chief Revenue Officer C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
Thinh Nguyen officer: Chief Information Officer C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
Simona Fillarini officer: Chief Human Resources Officer C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
Cecilia Camarillo officer: Chief Accounting Officer C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
Sarah Lackey officer: Chief Technology Officer C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
Keith Jezek director, officer: Chief Executive Officer C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
Charles D Jehl officer: Chief Financial Officer C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
Ross M. Jessup director, officer: See Remarks BARTON OAKS ONE, 901 S. MOPAC EXPRESSWAY, BLDG 1 STE 510, AUSTIN TX 78746
Bregal Sagemount I, L.p. 10 percent owner SECOND FLOOR, WINDWARD HOUSE, LA ROUTE DE LA LIBERATION, ST. HELIER Y9 JE2 3BQ
Blair J. Greenberg director C/O BREGAL INVESTEMENTS, INC., SECOND FLOOR, WINDWARD HOUSE, LA ROUTE D, ST. HELIER CHANNEL ISLANDS Y9 JE2 3BQ