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Big Technologies (LSE:BIG) Asset Turnover : 0.19 (As of Jun. 2024)


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What is Big Technologies Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Big Technologies's Revenue for the six months ended in Jun. 2024 was £26.48 Mil. Big Technologies's Total Assets for the quarter that ended in Jun. 2024 was £139.47 Mil. Therefore, Big Technologies's Asset Turnover for the quarter that ended in Jun. 2024 was 0.19.

Asset Turnover is linked to ROE % through Du Pont Formula. Big Technologies's annualized ROE % for the quarter that ended in Jun. 2024 was 6.08%. It is also linked to ROA % through Du Pont Formula. Big Technologies's annualized ROA % for the quarter that ended in Jun. 2024 was 5.65%.


Big Technologies Asset Turnover Historical Data

The historical data trend for Big Technologies'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.

Big Technologies Asset Turnover Chart

Big Technologies Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
0.48 0.66 0.57 0.51 0.45

Big Technologies Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.25 0.26 0.23 0.21 0.19

Competitive Comparison of Big Technologies's Asset Turnover

For the Software - Application subindustry, Big Technologies'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.


Big Technologies's Asset Turnover Distribution in the Software Industry

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

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



Big Technologies Asset Turnover Calculation

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

Big Technologies'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 )
=55.223/( (113.17+134.958)/ 2 )
=55.223/124.064
=0.45

Big Technologies's Asset Turnover for the quarter that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=26.484/( (134.958+143.985)/ 2 )
=26.484/139.4715
=0.19

* 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.


Big Technologies  (LSE:BIG) Asset Turnover Explanation

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

Big Technologies's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=7.874/129.5925
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(7.874 / 52.968)*(52.968 / 139.4715)*(139.4715/ 129.5925)
=Net Margin %*Asset Turnover*Equity Multiplier
=14.87 %*0.3798*1.0762
=ROA %*Equity Multiplier
=5.65 %*1.0762
=6.08 %

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

Big Technologies's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=7.874/139.4715
=(Net Income / Revenue)*(Revenue / Total Assets)
=(7.874 / 52.968)*(52.968 / 139.4715)
=Net Margin %*Asset Turnover
=14.87 %*0.3798
=5.65 %

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


Big Technologies Asset Turnover Related Terms

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Big Technologies Business Description

Traded in Other Exchanges
Address
17 Church Street, Talbot House, Rickmansworth, GBR, WD3 1DE
Big Technologies PLC provides products and services to the remote and personal monitoring industry under several brand and trading names. The company's criminal justice solution involves proprietary monitoring software combined with modular monitoring hardware being used to accurately track the location of tag wearers. Alongside this, it also offers monitoring services solutions for its customers. The company provides its solutions on a SaaS-like subscription-based model, with long-term contracts spanning up to twelve years in length, providing a secure revenue base from which to deliver contract expansion and to win new contracts. It generates revenue across the world, with operations across the United Kingdom, Australia, the United States and Colombia.

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