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JPMorgan Japan Small Cap Growth &ome (LSE:JSGI) Asset Turnover : 0.05 (As of Mar. 2024)


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What is JPMorgan Japan Small Cap Growth &ome Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. JPMorgan Japan Small Cap Growth &ome's Revenue for the six months ended in Mar. 2024 was £11.16 Mil. JPMorgan Japan Small Cap Growth &ome's Total Assets for the quarter that ended in Mar. 2024 was £211.54 Mil. Therefore, JPMorgan Japan Small Cap Growth &ome's Asset Turnover for the quarter that ended in Mar. 2024 was 0.05.

Asset Turnover is linked to ROE % through Du Pont Formula. JPMorgan Japan Small Cap Growth &ome's annualized ROE % for the quarter that ended in Mar. 2024 was 11.00%. It is also linked to ROA % through Du Pont Formula. JPMorgan Japan Small Cap Growth &ome's annualized ROA % for the quarter that ended in Mar. 2024 was 10.07%.


JPMorgan Japan Small Cap Growth &ome Asset Turnover Historical Data

The historical data trend for JPMorgan Japan Small Cap Growth &ome'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.

JPMorgan Japan Small Cap Growth &ome Asset Turnover Chart

JPMorgan Japan Small Cap Growth &ome Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.02 0.32 -0.25 -0.05 0.05

JPMorgan Japan Small Cap Growth &ome Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
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 -0.31 -0.08 0.03 -0.01 0.05

Competitive Comparison of JPMorgan Japan Small Cap Growth &ome's Asset Turnover

For the Asset Management subindustry, JPMorgan Japan Small Cap Growth &ome'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.


JPMorgan Japan Small Cap Growth &ome's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, JPMorgan Japan Small Cap Growth &ome's Asset Turnover distribution charts can be found below:

* The bar in red indicates where JPMorgan Japan Small Cap Growth &ome's Asset Turnover falls into.



JPMorgan Japan Small Cap Growth &ome Asset Turnover Calculation

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

JPMorgan Japan Small Cap Growth &ome's Asset Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2024 )/( (Total Assets (A: Mar. 2023 )+Total Assets (A: Mar. 2024 ))/ count )
=10.085/( (217.789+214.118)/ 2 )
=10.085/215.9535
=0.05

JPMorgan Japan Small Cap Growth &ome's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=11.156/( (208.963+214.118)/ 2 )
=11.156/211.5405
=0.05

* 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.


JPMorgan Japan Small Cap Growth &ome  (LSE:JSGI) Asset Turnover Explanation

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

JPMorgan Japan Small Cap Growth &ome's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=21.31/193.809
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(21.31 / 22.312)*(22.312 / 211.5405)*(211.5405/ 193.809)
=Net Margin %*Asset Turnover*Equity Multiplier
=95.51 %*0.1055*1.0915
=ROA %*Equity Multiplier
=10.07 %*1.0915
=11.00 %

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

JPMorgan Japan Small Cap Growth &ome's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=21.31/211.5405
=(Net Income / Revenue)*(Revenue / Total Assets)
=(21.31 / 22.312)*(22.312 / 211.5405)
=Net Margin %*Asset Turnover
=95.51 %*0.1055
=10.07 %

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


JPMorgan Japan Small Cap Growth &ome Asset Turnover Related Terms

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JPMorgan Japan Small Cap Growth &ome Business Description

Traded in Other Exchanges
N/A
Address
60 Victoria Embankment, London, GBR, EC4Y 0JP
JPMorgan Japan Small Cap Growth & Income PLC is a UK-based investment trust company. Its investment objective is to achieve long-term capital growth through investment in small and medium-sized Japanese companies. The company focuses on investing in a diversified portfolio of investments almost wholly invested in Japan, emphasizing capital growth rather than income. It mainly invests in Japanese quoted companies, UK and Japanese government bonds. The company evaluates its performance against its benchmark S&P Japan SmallCap NR in sterling terms.

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