Valtecne SpA (MIL:VLT) Asset Turnover : 0.45 (As of Jun. 2024)

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What is Valtecne SpA Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Valtecne SpA's Revenue for the six months ended in Jun. 2024 was €17.08 Mil. Valtecne SpA's Total Assets for the quarter that ended in Jun. 2024 was €38.30 Mil. Therefore, Valtecne SpA's Asset Turnover for the quarter that ended in Jun. 2024 was 0.45.

Asset Turnover is linked to ROE % through Du Pont Formula. Valtecne SpA's annualized ROE % for the quarter that ended in Jun. 2024 was 21.02%. It is also linked to ROA % through Du Pont Formula. Valtecne SpA's annualized ROA % for the quarter that ended in Jun. 2024 was 11.42%.

Valtecne SpA Asset Turnover Historical Data

The historical data trend for Valtecne 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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Valtecne SpA Asset Turnover Chart

Valtecne SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Asset Turnover

0.93

1.02

0.93

0.92

Valtecne SpA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Asset Turnover	Get a 7-Day Free Trial			0.57	0.39	0.52	0.36	0.45

Competitive Comparison of Valtecne SpA's Asset Turnover

For the Specialty Industrial Machinery subindustry, Valtecne 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.

Valtecne SpA's Asset Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Valtecne SpA's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Valtecne SpA's Asset Turnover falls into.

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Valtecne SpA Asset Turnover Calculation

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

Valtecne SpA's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
=	30.725	/	( (28.045	+	38.644)	/ 2 )
=	30.725	/	33.3445
=	0.92

Valtecne SpA's Asset Turnover for the quarter that ended in Jun. 2024 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	17.08	/	( (38.644	+	37.959)	/ 2 )
=	17.08	/	38.3015
=	0.45

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.

Valtecne SpA (MIL:VLT) Asset Turnover Explanation

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

Valtecne SpA's annulized ROE % for the quarter that ended in Jun. 2024 is

	ROE %^**		(Q: Jun. 2024 )
=	Net Income	/	Total Stockholders Equity
=	4.374	/	20.8065
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(4.374 / 34.16)	*	(34.16 / 38.3015)	*	(38.3015/ 20.8065)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	12.8 %	*	0.8919	*	1.8408
=	ROA %	*	Equity Multiplier
=	11.42 %	*	1.8408
=	21.02 %

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.

^** 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:

Valtecne SpA's annulized ROA % for the quarter that ended in Jun. 2024 is

	ROA %		(Q: Jun. 2024 )
=	Net Income	/	Total Assets
=	4.374	/	38.3015
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(4.374 / 34.16)	*	(34.16 / 38.3015)
=	Net Margin %	*	Asset Turnover
=	12.8 %	*	0.8919
=	11.42 %

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.

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.

Valtecne SpA Asset Turnover Related Terms

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