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DocuSign Asset Turnover

: 0.24 (As of Jan. 2022)
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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. DocuSign's Revenue for the three months ended in Jan. 2022 was $581 Mil. DocuSign's Total Assets for the quarter that ended in Jan. 2022 was $2,476 Mil. Therefore, DocuSign's Asset Turnover for the quarter that ended in Jan. 2022 was 0.24.

Asset Turnover is linked to ROE % through Du Pont Formula. DocuSign's annualized ROE % for the quarter that ended in Jan. 2022 was -47.29%. It is also linked to ROA % through Du Pont Formula. DocuSign's annualized ROA % for the quarter that ended in Jan. 2022 was -4.92%.


DocuSign Asset Turnover Historical Data

The historical data trend for DocuSign'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.

DocuSign Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22
Asset Turnover
Premium Member Only Premium Member Only 0.93 0.63 0.56 0.69 0.86

DocuSign Quarterly Data
Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22
Asset Turnover 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 Premium Member Only Premium Member Only Premium Member Only 0.20 0.20 0.22 0.23 0.24

DocuSign Asset Turnover Calculation

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

DocuSign's Asset Turnover for the fiscal year that ended in Jan. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jan. 2022 )/( (Total Assets (A: Jan. 2021 )+Total Assets (A: Jan. 2022 ))/ count )
=2107.213/( (2336.507+2541.265)/ 2 )
=2107.213/2438.886
=0.86

DocuSign's Asset Turnover for the quarter that ended in Jan. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jan. 2022 )/( (Total Assets (Q: Oct. 2021 )+Total Assets (Q: Jan. 2022 ))/ count )
=580.828/( (2410.503+2541.265)/ 2 )
=580.828/2475.884
=0.23

* 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.


DocuSign  (NAS:DOCU) Asset Turnover Explanation

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

DocuSign's annulized ROE % for the quarter that ended in Jan. 2022 is

ROE %**(Q: Jan. 2022 )
=Net Income/Total Stockholders Equity
=-121.78/257.536
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-121.78 / 2323.312)*(2323.312 / 2475.884)*(2475.884/ 257.536)
=Net Margin %*Asset Turnover*Equity Multiplier
=-5.24 %*0.9384*9.6137
=ROA %*Equity Multiplier
=-4.92 %*9.6137
=-47.29 %

Note: The Net Income data used here is four times the quarterly (Jan. 2022) net income data. The Revenue data used here is four times the quarterly (Jan. 2022) 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:

DocuSign's annulized ROA % for the quarter that ended in Jan. 2022 is

ROA %(Q: Jan. 2022 )
=Net Income/Total Assets
=-121.78/2475.884
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-121.78 / 2323.312)*(2323.312 / 2475.884)
=Net Margin %*Asset Turnover
=-5.24 %*0.9384
=-4.92 %

Note: The Net Income data used here is four times the quarterly (Jan. 2022) net income data. The Revenue data used here is four times the quarterly (Jan. 2022) 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.


DocuSign Asset Turnover Related Terms

Thank you for viewing the detailed overview of DocuSign's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


DocuSign Business Description

DocuSign logo
Industry
Technology » Software NAICS : 511210 SIC : 7379
Traded in Other Exchanges
Address
221 Main Street, Suite 1550, San Francisco, CA, USA, 94105
DocuSign offers the Agreement Cloud, a broad cloud-based software suite that enables users to automate the agreement process and provide legally binding e-signatures from nearly any device. The company was founded in 2003 and completed its IPO in May 2018.
Executives
Gaylor Cynthia officer: Chief Financial Officer C/O PIVOTAL SOFTWARE, INC. 875 HOWARD STREET, FIFTH FLOOR SAN FRANCISCO CA 94103
Olrich Scott V. officer: Chief Operating Officer C/O DOCUSIGN, INC. 221 MAIN ST., SUITE 1000 SAN FRANCISCO CA 94105
Salem Enrique T director SYMANTEC CORPORATION 20330 STEVENS CREEK BLVD. CUPERTINO CA 95014
Solvik Peter director 2105 SOUTH BASCOM AVE. #370 CAMPBELL CA 95008
Alhadeff Loren officer: Chief Revenue Officer C/O DOCUSIGN, INC. SUITE 1000 SAN FRANCISCO CA 94105
Wilderotter Mary Agnes director 115 ALPINE TERRACE OAKLAND CA 94618
Springer Daniel D. director, officer: President and CEO C/O DOCUSIGN, INC. 221 MAIN ST., SUITE 1000 SAN FRANCISCO CA 94105
Phi Tram T officer: SVP, General Counsel C/O IMPERVA, INC. 3400 BRIDGE PARKWAY REDWOOD SHORES CA 94065
Suh Inhi Cho director C/O DOCUSIGN, INC. 221 MAIN STREET, SUITE 1000 SAN FRANCISCO CA 94105
Singh Sudhir Steven director 6222 185TH AVE REDMOND WA 98052
Irving Blake director 14455 N. HAYDEN RD. SCOTTSDALE AZ 85260
Briggs Teresa director 2225 LAWSON LANE SANTA CLARA CA 95054
Beer James A director MCKESSON CORPORATION ONE POST STREET SAN FRANCISCO CA 94104
Wolberg Kirsten O. officer: Chief Technology & Ops Officer 900 NORTH MCCARTHY BLVD MILPITAS CA 95035
Sheridan Michael J officer: Chief Financial Officer C/O DOCUSIGN, INC. 221 MAIN ST., SUITE 1000 SAN FRANCISCO CA 94105

DocuSign Headlines

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