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The Global Smaller Trust (LSE:GSCT) Asset Turnover : 0.02 (As of Oct. 2024)


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What is The Global Smaller Trust Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. The Global Smaller Trust's Revenue for the six months ended in Oct. 2024 was £20.9 Mil. The Global Smaller Trust's Total Assets for the quarter that ended in Oct. 2024 was £931.7 Mil. Therefore, The Global Smaller Trust's Asset Turnover for the quarter that ended in Oct. 2024 was 0.02.

Asset Turnover is linked to ROE % through Du Pont Formula. The Global Smaller Trust's annualized ROE % for the quarter that ended in Oct. 2024 was 4.62%. It is also linked to ROA % through Du Pont Formula. The Global Smaller Trust's annualized ROA % for the quarter that ended in Oct. 2024 was 4.23%.


The Global Smaller Trust Asset Turnover Historical Data

The historical data trend for The Global Smaller Trust'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.

The Global Smaller Trust Asset Turnover Chart

The Global Smaller Trust Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.13 0.36 -0.01 -0.04 0.08

The Global Smaller Trust Semi-Annual Data
Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24
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 0.03 -0.07 0.14 0.02

Competitive Comparison of The Global Smaller Trust's Asset Turnover

For the Asset Management subindustry, The Global Smaller Trust'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.


The Global Smaller Trust's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, The Global Smaller Trust's Asset Turnover distribution charts can be found below:

* The bar in red indicates where The Global Smaller Trust's Asset Turnover falls into.


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The Global Smaller Trust Asset Turnover Calculation

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

The Global Smaller Trust's Asset Turnover for the fiscal year that ended in Apr. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Apr. 2024 )/( (Total Assets (A: Apr. 2023 )+Total Assets (A: Apr. 2024 ))/ count )
=70.49/( (915.362+927.965)/ 2 )
=70.49/921.6635
=0.08

The Global Smaller Trust's Asset Turnover for the quarter that ended in Oct. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Oct. 2024 )/( (Total Assets (Q: Apr. 2024 )+Total Assets (Q: Oct. 2024 ))/ count )
=20.879/( (927.965+935.425)/ 2 )
=20.879/931.695
=0.02

* 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.


The Global Smaller Trust  (LSE:GSCT) Asset Turnover Explanation

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

The Global Smaller Trust's annulized ROE % for the quarter that ended in Oct. 2024 is

ROE %**(Q: Oct. 2024 )
=Net Income/Total Stockholders Equity
=39.42/852.8165
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(39.42 / 41.758)*(41.758 / 931.695)*(931.695/ 852.8165)
=Net Margin %*Asset Turnover*Equity Multiplier
=94.4 %*0.0448*1.0925
=ROA %*Equity Multiplier
=4.23 %*1.0925
=4.62 %

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

The Global Smaller Trust's annulized ROA % for the quarter that ended in Oct. 2024 is

ROA %(Q: Oct. 2024 )
=Net Income/Total Assets
=39.42/931.695
=(Net Income / Revenue)*(Revenue / Total Assets)
=(39.42 / 41.758)*(41.758 / 931.695)
=Net Margin %*Asset Turnover
=94.4 %*0.0448
=4.23 %

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


The Global Smaller Trust Asset Turnover Related Terms

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The Global Smaller Trust Business Description

Traded in Other Exchanges
N/A
Address
78 Cannon Street, Cannon Place, London, GBR, EC4N 6AG
The Global Smaller Companies Trust PLC offers investors access to a broad spread global smaller companies portfolio. Its investment objective is to invest in smaller companies worldwide to secure a high total return. The portfolio consists of individual smaller company investments within the US, UK, and European markets, and fund holdings targeting smaller companies in Japan, Asia, Latin America, and other smaller territories.

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