Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. La SIA SpA's Revenue for the
six
months ended in Jun. 2024 was €6.16 Mil. La SIA SpA's Total Assets for the quarter that ended in Jun. 2024 was €16.60 Mil. Therefore, La SIA SpA's Asset Turnover for the quarter that ended in Jun. 2024 was 0.37.
Asset Turnover is linked to ROE % through Du Pont Formula. La SIA SpA's annualizedROE % for the quarter that ended in Jun. 2024 was 1.99%. It is also linked to ROA % through Du Pont Formula. La SIA SpA's annualizedROA % for the quarter that ended in Jun. 2024 was 1.33%.
La SIA SpA Asset Turnover Historical Data
The historical data trend for La SIA SpA'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.
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La SIA SpA Asset Turnover Chart
La SIA SpA Annual Data
Trend
Dec21
Dec22
Dec23
Asset Turnover
1.24
1.39
1.07
La SIA SpA Semi-Annual Data
Dec21
Dec22
Jun23
Dec23
Jun24
Asset Turnover
-
-
-
-
0.37
Competitive Comparison of La SIA SpA's Asset Turnover
For the Software - Infrastructure subindustry, La SIA SpA'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.
La SIA SpA's Asset Turnover Distribution in the Software Industry
For the Software industry and Technology sector, La SIA SpA's Asset Turnover distribution charts can be found below:
* The bar in red indicates where La SIA SpA's Asset Turnover falls into.
La SIA SpA Asset Turnover Calculation
Asset Turnover measures how quickly a company turns over its asset through sales.
La SIA SpA's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
La SIA SpA (MIL:LASIA) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
La SIA SpA's annulizedROE % for the quarter that ended in Jun. 2024 is
Note:
The Net Income data used here is two times the semi-annual (Jun. 2024) net income data. The Revenue data used here is two times the semi-annual (Jun. 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:
La SIA SpA's annulizedROA % for the quarter that ended in Jun. 2024 is
Note:
The Net Income data used here is two times the semi-annual (Jun. 2024) net income data. The Revenue data used here is two times the semi-annual (Jun. 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.
La SIA SpA Asset Turnover Related Terms
Thank you for viewing the detailed overview of La SIA SpA's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
La SIA SpA is an Italian payment institution part of the Nexi group. It is the Principal Member of the main national and international payment circuits which are Bancomat, VISA, Mastercard, Union Pay and JCB. The company offers the citizens the possibility of paying postal bills through distribution channels which are both physical and virtual which is managed by banks or by the large organised distribution network. It also offers the development, marketing (sale and/or rental) and management/maintenance of IT products and services relating to payment instruments and, more generally, to connection to electronic circuits.
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