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Nutanix (NAS:NTNX) Asset Turnover

: 0.18 (As of Oct. 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. Nutanix's Revenue for the three months ended in Oct. 2022 was $434 Mil. Nutanix's Total Assets for the quarter that ended in Oct. 2022 was $2,362 Mil. Therefore, Nutanix's Asset Turnover for the quarter that ended in Oct. 2022 was 0.18.

Asset Turnover is linked to ROE % through Du Pont Formula. Nutanix's annualized ROE % for the quarter that ended in Oct. 2022 was 50.15%. It is also linked to ROA % through Du Pont Formula. Nutanix's annualized ROA % for the quarter that ended in Oct. 2022 was -16.79%.


Nutanix Asset Turnover Historical Data

The historical data trend for Nutanix'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.

Nutanix Annual Data
Trend Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.99 0.73 0.74 0.69 0.68

Nutanix Quarterly Data
Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22
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 0.17 0.18 0.17 0.16 0.18

Competitive Comparison

For the Software - Infrastructure subindustry, Nutanix'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.

   

Nutanix Asset Turnover Distribution

For the Software industry and Technology sector, Nutanix's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Nutanix's Asset Turnover falls in comparison to its industry or sector. The grey bar indicates the Asset Turnover's extreme value range as defined by GuruFocus.



Nutanix Asset Turnover Calculation

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

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

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jul. 2022 )/( (Total Assets (A: Jul. 2021 )+Total Assets (A: Jul. 2022 ))/ count )
=1580.796/( (2277.496+2365.749)/ 2 )
=1580.796/2321.6225
=0.68

Nutanix's Asset Turnover for the quarter that ended in Oct. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Oct. 2022 )/( (Total Assets (Q: Jul. 2022 )+Total Assets (Q: Oct. 2022 ))/ count )
=433.609/( (2365.749+2357.422)/ 2 )
=433.609/2361.5855
=0.18

* 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.


Nutanix  (NAS:NTNX) Asset Turnover Explanation

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

Nutanix's annulized ROE % for the quarter that ended in Oct. 2022 is

ROE %**(Q: Oct. 2022 )
=Net Income/Total Stockholders Equity
=-396.464/-790.6085
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-396.464 / 1734.436)*(1734.436 / 2361.5855)*(2361.5855/ -790.6085)
=Net Margin %*Asset Turnover*Equity Multiplier
=-22.86 %*0.7344*-2.987
=ROA %*Equity Multiplier
=-16.79 %*-2.987
=50.15 %

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

Nutanix's annulized ROA % for the quarter that ended in Oct. 2022 is

ROA %(Q: Oct. 2022 )
=Net Income/Total Assets
=-396.464/2361.5855
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-396.464 / 1734.436)*(1734.436 / 2361.5855)
=Net Margin %*Asset Turnover
=-22.86 %*0.7344
=-16.79 %

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


Nutanix Asset Turnover Related Terms

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


Nutanix (NAS:NTNX) Business Description

Nutanix logo
Traded in Other Exchanges
Address
1740 Technology Drive, Suite 150, San Jose, CA, USA, 95110
Nutanix Inc provides native hybrid cloud capabilities for businesses. The company offers Enterprise Cloud Platform to businesses for various uses such as web-scale engineering and consumer-grade design, virtualization, and storage into a resilient, and software-defined solution. Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, the Middle East, Asia Pacific, Africa, and other regions.
Executives
Rukmini Sivaraman officer: Chief Financial Officer 1740 TECHNOLOGY DR., SUITE 150, SAN JOSE CA 95110
Teresa Gayle Sheppard director C/O ENVISTA HOLDINGS CORPORATION, 200 S. KRAEMER BLVD., BLDG. E, BREA CA 92821
Susan L Bostrom director
Craig Conway director SALESFORCE TOWER, 415 MISSION STREET, 3RD FLOOR, SAN FRANCISCO CA 94105
Brian Mark Stevens director 25 HOOPER HILL RD., NEW BOSTON NH 03070
Virginia Gambale director C/O JETBLUE AIRWAYS CORP., 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
Rajiv Ramaswami director, officer: President and CEO 5300 CALIFORNIA AVENUE, IRVINE CA 92617
Kaddaras Christopher Nicholas Jr officer: Chief Revenue Officer C/O NUTANIX, INC., 1740 TECHNOLOGY DR., STE 150, SAN JOSE CA 95110
Tyler Wall officer: Chief Legal Officer CHORDIANT SOFTWARE, INC., 20400 STEVENS CREEK BLVD., STE. 400, CUPERTINO CA 94014
Aaron Boynton officer: Chief Accounting Officer C/O NUTANIX, INC., 1740 TECHNOLOGY AVE., SUITE 150, SAN JOSE CA 95110
Tarkan Maner officer: Chief Commercial Officer C/O NUTANIX, INC., 1740 TECHNOLOGY AVE., SUITE 150, SAN JOSE CA 95110
David Humphrey director C/O BAIN CAPITAL PARTNERS, LLC, JOHN HANCOCK TOWER, 200 CLARENDON STREET, BOSTON MA 02116
De Groen Max Pieter director 200 CLARENDON STREET, BOSTON MA 02116
Sohaib Abbasi director 100 EAST DAVIE STREET, RALEIGH NC 27601
Louis J Attanasio officer: Chief Revenue Officer 1740 TECHNOLOGY AVE., SUITE 150, SAN JOSE CA 95110

Nutanix (NAS:NTNX) Headlines

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