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Manchester & London Investment Trust (LSE:MNL) Asset Turnover : 0.22 (As of Jan. 2024)


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What is Manchester & London Investment 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. Manchester & London Investment Trust's Revenue for the six months ended in Jan. 2024 was £54.7 Mil. Manchester & London Investment Trust's Total Assets for the quarter that ended in Jan. 2024 was £250.1 Mil. Therefore, Manchester & London Investment Trust's Asset Turnover for the quarter that ended in Jan. 2024 was 0.22.

Asset Turnover is linked to ROE % through Du Pont Formula. Manchester & London Investment Trust's annualized ROE % for the quarter that ended in Jan. 2024 was 43.95%. It is also linked to ROA % through Du Pont Formula. Manchester & London Investment Trust's annualized ROA % for the quarter that ended in Jan. 2024 was 43.43%.


Manchester & London Investment Trust Asset Turnover Historical Data

The historical data trend for Manchester & London Investment 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.

Manchester & London Investment Trust Asset Turnover Chart

Manchester & London Investment Trust Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.11 0.12 0.09 -0.24 0.13

Manchester & London Investment Trust Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
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 -0.06 -0.18 -0.10 0.25 0.22

Competitive Comparison of Manchester & London Investment Trust's Asset Turnover

For the Asset Management subindustry, Manchester & London Investment 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.


Manchester & London Investment Trust's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Manchester & London Investment Trust's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Manchester & London Investment Trust's Asset Turnover falls into.



Manchester & London Investment Trust Asset Turnover Calculation

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

Manchester & London Investment Trust's Asset Turnover for the fiscal year that ended in Jul. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jul. 2023 )/( (Total Assets (A: Jul. 2022 )+Total Assets (A: Jul. 2023 ))/ count )
=29.33/( (215.922+223.326)/ 2 )
=29.33/219.624
=0.13

Manchester & London Investment Trust's Asset Turnover for the quarter that ended in Jan. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jan. 2024 )/( (Total Assets (Q: Jul. 2023 )+Total Assets (Q: Jan. 2024 ))/ count )
=54.653/( (223.326+276.872)/ 2 )
=54.653/250.099
=0.22

* 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.


Manchester & London Investment Trust  (LSE:MNL) Asset Turnover Explanation

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

Manchester & London Investment Trust's annulized ROE % for the quarter that ended in Jan. 2024 is

ROE %**(Q: Jan. 2024 )
=Net Income/Total Stockholders Equity
=108.612/247.125
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(108.612 / 109.306)*(109.306 / 250.099)*(250.099/ 247.125)
=Net Margin %*Asset Turnover*Equity Multiplier
=99.37 %*0.4371*1.012
=ROA %*Equity Multiplier
=43.43 %*1.012
=43.95 %

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

Manchester & London Investment Trust's annulized ROA % for the quarter that ended in Jan. 2024 is

ROA %(Q: Jan. 2024 )
=Net Income/Total Assets
=108.612/250.099
=(Net Income / Revenue)*(Revenue / Total Assets)
=(108.612 / 109.306)*(109.306 / 250.099)
=Net Margin %*Asset Turnover
=99.37 %*0.4371
=43.43 %

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


Manchester & London Investment Trust Asset Turnover Related Terms

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Manchester & London Investment Trust (LSE:MNL) Business Description

Traded in Other Exchanges
Address
12a Princes Gate Mews, London, GBR, SW7 2PS
Manchester & London Investment Trust PLC is an investment company. It invests in companies whose shares are admitted to trading on a regulated market. The investment objective of the company is to achieve capital appreciation together with a reasonable level of income. It may invest in derivatives, money market instruments, currency instruments, contracts for differences (CFDs), futures, forwards, and options for the purposes of holding investments and hedging positions against movements in equity markets, currencies, and interest rates.

Manchester & London Investment Trust (LSE:MNL) Headlines

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