Market Cap : 7.33 B | Enterprise Value : 7.02 B | PE Ratio : 62.80 | PB Ratio : 33.77 |
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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. Manhattan Associates's Revenue for the three months ended in Mar. 2022 was $179.0 Mil. Manhattan Associates's Total Assets for the quarter that ended in Mar. 2022 was $525.7 Mil. Therefore, Manhattan Associates's Asset Turnover for the quarter that ended in Mar. 2022 was 0.34.
Asset Turnover is linked to ROE % through Du Pont Formula. Manhattan Associates's annualized ROE % for the quarter that ended in Mar. 2022 was 52.32%. It is also linked to ROA % through Du Pont Formula. Manhattan Associates's annualized ROA % for the quarter that ended in Mar. 2022 was 23.28%.
The historical data trend for Manhattan Associates'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.
Asset Turnover measures how quickly a company turns over its asset through sales.
Manhattan Associates'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 ) |
= | 663.643 | / | ( (465.412 | + | 539.708) | / 2 ) |
= | 663.643 | / | 502.56 | |||
= | 1.32 |
Manhattan Associates's Asset Turnover for the quarter that ended in Mar. 2022 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Mar. 2022 ) | / | ( (Total Assets (Q: Dec. 2021 ) | + | Total Assets (Q: Mar. 2022 )) | / count ) |
= | 178.956 | / | ( (539.708 | + | 511.754) | / 2 ) |
= | 178.956 | / | 525.731 | |||
= | 0.34 |
* 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.
Asset Turnover is linked to ROE % through Du Pont Formula.
Manhattan Associates's annulized ROE % for the quarter that ended in Mar. 2022 is
ROE %** | (Q: Mar. 2022 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 122.368 | / | 233.89 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (122.368 / 715.824) | * | (715.824 / 525.731) | * | (525.731/ 233.89) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 17.09 % | * | 1.3616 | * | 2.2478 |
= | ROA % | * | Equity Multiplier | ||
= | 23.28 % | * | 2.2478 | ||
= | 52.32 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2022) net income data. The Revenue data used here is four times the quarterly (Mar. 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:
Manhattan Associates's annulized ROA % for the quarter that ended in Mar. 2022 is
ROA % | (Q: Mar. 2022 ) | ||
= | Net Income | / | Total Assets |
= | 122.368 | / | 525.731 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (122.368 / 715.824) | * | (715.824 / 525.731) |
= | Net Margin % | * | Asset Turnover |
= | 17.09 % | * | 1.3616 |
= | 23.28 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2022) net income data. The Revenue data used here is four times the quarterly (Mar. 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.
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.
Thank you for viewing the detailed overview of Manhattan Associates's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Eger Edmond | director | 135 CHEROKEE WAY PORTOLA VALLEY CA 94028 |
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