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Games Workshop Group (LSE:GAW) Asset Turnover : 0.79 (As of May. 2024)


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What is Games Workshop Group Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Games Workshop Group's Revenue for the six months ended in May. 2024 was £278.0 Mil. Games Workshop Group's Total Assets for the quarter that ended in May. 2024 was £350.4 Mil. Therefore, Games Workshop Group's Asset Turnover for the quarter that ended in May. 2024 was 0.79.

Asset Turnover is linked to ROE % through Du Pont Formula. Games Workshop Group's annualized ROE % for the quarter that ended in May. 2024 was 64.16%. It is also linked to ROA % through Du Pont Formula. Games Workshop Group's annualized ROA % for the quarter that ended in May. 2024 was 45.50%.


Games Workshop Group Asset Turnover Historical Data

The historical data trend for Games Workshop Group'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.

Games Workshop Group Asset Turnover Chart

Games Workshop Group Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.56 1.51 1.38 1.45 1.55

Games Workshop Group Semi-Annual Data
Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24
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 0.63 0.69 0.73 0.73 0.79

Competitive Comparison of Games Workshop Group's Asset Turnover

For the Leisure subindustry, Games Workshop Group'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.


Games Workshop Group's Asset Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Games Workshop Group's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Games Workshop Group's Asset Turnover falls into.



Games Workshop Group Asset Turnover Calculation

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

Games Workshop Group's Asset Turnover for the fiscal year that ended in May. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: May. 2024 )/( (Total Assets (A: May. 2023 )+Total Assets (A: May. 2024 ))/ count )
=525.7/( (326.8+351.3)/ 2 )
=525.7/339.05
=1.55

Games Workshop Group's Asset Turnover for the quarter that ended in May. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: May. 2024 )/( (Total Assets (Q: Nov. 2023 )+Total Assets (Q: May. 2024 ))/ count )
=278/( (349.4+351.3)/ 2 )
=278/350.35
=0.79

* 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.


Games Workshop Group  (LSE:GAW) Asset Turnover Explanation

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

Games Workshop Group's annulized ROE % for the quarter that ended in May. 2024 is

ROE %**(Q: May. 2024 )
=Net Income/Total Stockholders Equity
=159.4/248.45
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(159.4 / 556)*(556 / 350.35)*(350.35/ 248.45)
=Net Margin %*Asset Turnover*Equity Multiplier
=28.67 %*1.587*1.4101
=ROA %*Equity Multiplier
=45.50 %*1.4101
=64.16 %

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

Games Workshop Group's annulized ROA % for the quarter that ended in May. 2024 is

ROA %(Q: May. 2024 )
=Net Income/Total Assets
=159.4/350.35
=(Net Income / Revenue)*(Revenue / Total Assets)
=(159.4 / 556)*(556 / 350.35)
=Net Margin %*Asset Turnover
=28.67 %*1.587
=45.50 %

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


Games Workshop Group Asset Turnover Related Terms

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Games Workshop Group Business Description

Traded in Other Exchanges
Address
Willow Road, Lenton, Nottingham, GBR, NG7 2WS
Games Workshop Group PLC designs, manufactures and sells fantasy miniatures and games related products. It carries the manufacturing activity in the UK and sells the same in the different region of the countries such as Continental Europe, North America, and Asia Pacific. It operates through two segments Core and Licensing . The core segment includes all revenue and expenditure relating to the design, manufacture and sales of their fantasy miniatures and related products. The licensing segment includes all revenue and expenditure relating to licences granted to external partners. The company generates majority of its revenue from the core segment.

Games Workshop Group Headlines

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