SPB Exchange PJSC (MIC:SPBE) Asset Turnover: 0.01 (As of Jun. 2023)


MIC:SPBE SPB Exchange PJSC MIC:SPBE
23 GF Score
Price ₽133.40
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What is SPB Exchange PJSC Asset Turnover?

SPB Exchange PJSC MIC:SPBE +1.06% 23 Asset Turnover is 0.01 as of Jun. 2023. GuruFocus rates MIC:SPBE with a GF Score™ of 23/100.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. SPB Exchange PJSC's Revenue for the six months ended in Jun. 2023 was ₽823.2 Mil. SPB Exchange PJSC's Total Assets for the quarter that ended in Jun. 2023 was ₽111,570.7 Mil. Therefore, SPB Exchange PJSC's Asset Turnover for the quarter that ended in Jun. 2023 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. SPB Exchange PJSC's annualized ROE % for the quarter that ended in Jun. 2023 was 5.67%. It is also linked to ROA % through Du Pont Formula. SPB Exchange PJSC's annualized ROA % for the quarter that ended in Jun. 2023 was 1.01%.

SPB Exchange PJSC  (MIC:SPBE) Asset Turnover Explanation

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

SPB Exchange PJSC's annulized ROE % for the quarter that ended in Jun. 2023 is

ROE %**(Q: Jun. 2023 )
=Net Income/Total Stockholders Equity
=1131.83/19979.253
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1131.83 / 1646.41)*(1646.41 / 111570.657)*(111570.657/ 19979.253)
=Net Margin %*Asset Turnover*Equity Multiplier
=68.75 %*0.0148*5.5843
=ROA %*Equity Multiplier
=1.01 %*5.5843
=5.67 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2023) net income data. The Revenue data used here is two times the semi-annual (Jun. 2023) 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:

SPB Exchange PJSC's annulized ROA % for the quarter that ended in Jun. 2023 is

ROA %(Q: Jun. 2023 )
=Net Income/Total Assets
=1131.83/111570.657
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1131.83 / 1646.41)*(1646.41 / 111570.657)
=Net Margin %*Asset Turnover
=68.75 %*0.0148
=1.01 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2023) net income data. The Revenue data used here is two times the semi-annual (Jun. 2023) 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.

SPB Exchange PJSC Asset Turnover Related Terms

SPB Exchange PJSC Asset Turnover Historical Data

* Premium members only.

The historical data trend for SPB Exchange PJSC'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.

SPB Exchange PJSC Asset Turnover Chart

SPB Exchange PJSC Annual Data
Trend Dec19 Dec20 Dec21
Asset Turnover
0.07 0.06 0.13

SPB Exchange PJSC Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Jun23
Asset Turnover Get a 7-Day Free Trial -0.00 0.11 -0.02 0.10 0.01

MIC:SPBE vs SPGI, CME, ICE: Asset Turnover Comparison

For the Financial Data & Stock Exchanges subindustry, SPB Exchange PJSC'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.

SPB Exchange PJSC Asset Turnover vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, SPB Exchange PJSC's Asset Turnover distribution charts can be found below:

* The bar in red indicates where SPB Exchange PJSC's Asset Turnover falls into.


MIC:SPBE
23GF Score
SPB Exchange PJSC MIC:SPBE
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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SPB Exchange PJSC Asset Turnover Calculation

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

SPB Exchange PJSC's Asset Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2021 )/( (Total Assets (A: Dec. 2020 )+Total Assets (A: Dec. 2021 ))/ count )
=2355.786/( (18327.009+17748.207)/ 2 )
=2355.786/18037.608
=0.13

SPB Exchange PJSC's Asset Turnover for the quarter that ended in Jun. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2023 )/( (Total Assets (Q: Jun. 2022 )+Total Assets (Q: Jun. 2023 ))/ count )
=823.205/( (0+111570.657)/ 1 )
=823.205/111570.657
=0.01

* 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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.01 mean?
SPB Exchange PJSC (MIC:SPBE) has a Asset Turnover of 0.01 as of Jun. 2023. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on SPB Exchange PJSC and its competitors.
Is SPB Exchange PJSC's Asset Turnover too high?
SPB Exchange PJSC's current Asset Turnover is 0.01. Overall, SPB Exchange PJSC has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does SPB Exchange PJSC's Asset Turnover compare to SPGI and CME?
SPB Exchange PJSC's Asset Turnover of 0.01 can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Capital Markets company?
A good Asset Turnover depends on the Capital Markets industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on SPB Exchange PJSC and its competitors. SPB Exchange PJSC's current Asset Turnover is 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPB Exchange PJSC stock overvalued right now?
SPB Exchange PJSC (MIC:SPBE) has a current Asset Turnover of 0.01. The current Asset Turnover is 0.01. SPB Exchange PJSC's overall GF Score™ is 23/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For SPB Exchange PJSC (MIC:SPBE), the current Asset Turnover is 0.01 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

SPB Exchange PJSC Business Description

Address 38 Dolgorukovskaya Street, Building 1, Moscow, RUS, 127006
SPB Exchange PJSC is an exchange for international securities in the Russian financial market. It operates according to a business-to-business and business-to-customer model, simultaneously focusing on retail investors and financial intermediaries as direct customers. The company provides access to investment products for Russian and international investors, operating through its trading infrastructure and order-routing mechanisms.
23GF Score

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Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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