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Equifax Asset Turnover

: 0.12 (As of Sep. 2021)
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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. Equifax's Revenue for the three months ended in Sep. 2021 was $1,223 Mil. Equifax's Total Assets for the quarter that ended in Sep. 2021 was $10,212 Mil. Therefore, Equifax's Asset Turnover for the quarter that ended in Sep. 2021 was 0.12.

Asset Turnover is linked to ROE % through Du Pont Formula. Equifax's annualized ROE % for the quarter that ended in Sep. 2021 was 23.48%. It is also linked to ROA % through Du Pont Formula. Equifax's annualized ROA % for the quarter that ended in Sep. 2021 was 8.05%.


Equifax Asset Turnover Historical Data

The historical data trend for Equifax'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.

Equifax Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.56 0.48 0.47 0.47 0.47

Equifax Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 0.12 0.12 0.13 0.13 0.12

Equifax Asset Turnover Calculation

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

Equifax's Asset Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2020 )/( (Total Assets (A: Dec. 2019 )+Total Assets (A: Dec. 2020 ))/ count )
=4127.5/( (7909+9611.8)/ 2 )
=4127.5/8760.4
=0.47

Equifax's Asset Turnover for the quarter that ended in Sep. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2021 )/( (Total Assets (Q: Jun. 2021 )+Total Assets (Q: Sep. 2021 ))/ count )
=1222.9/( (9340.3+11083.3)/ 2 )
=1222.9/10211.8
=0.12

* 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.


Equifax  (NYSE:EFX) Asset Turnover Explanation

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

Equifax's annulized ROE % for the quarter that ended in Sep. 2021 is

ROE %**(Q: Sep. 2021 )
=Net Income/Total Stockholders Equity
=821.6/3499.85
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(821.6 / 4891.6)*(4891.6 / 10211.8)*(10211.8/ 3499.85)
=Net Margin %*Asset Turnover*Equity Multiplier
=16.8 %*0.479*2.9178
=ROA %*Equity Multiplier
=8.05 %*2.9178
=23.48 %

Note: The Net Income data used here is four times the quarterly (Sep. 2021) net income data. The Revenue data used here is four times the quarterly (Sep. 2021) 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:

Equifax's annulized ROA % for the quarter that ended in Sep. 2021 is

ROA %(Q: Sep. 2021 )
=Net Income/Total Assets
=821.6/10211.8
=(Net Income / Revenue)*(Revenue / Total Assets)
=(821.6 / 4891.6)*(4891.6 / 10211.8)
=Net Margin %*Asset Turnover
=16.8 %*0.479
=8.05 %

Note: The Net Income data used here is four times the quarterly (Sep. 2021) net income data. The Revenue data used here is four times the quarterly (Sep. 2021) 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.


Equifax Asset Turnover Related Terms

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


Equifax Business Description

Equifax logo
Industry
Industrials » Business Services NAICS : 561450 SIC : 7323
Traded in Other Exchanges
Address
1550 Peachtree Street N.W., Atlanta, GA, USA, 30309
Along with Experian and TransUnion, Equifax is one of the leading credit bureaus in the United States. Equifax's credit reports provide credit histories on millions of consumers, and the firm's services are critical to lenders' credit decisions. In addition, about a third of the firm's revenue comes from workforce solutions, which provides income verification and employer human resources services. Equifax generates over 20% of its revenue from outside the United States.
Executives
Bindal Sunil officer: SVP, Corp Development EQUIFAX INC. 1550 PEACHTREE STREET NW ATLANTA GA 30309
Marshall Siri S director NUMBER ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Stock Elane B director 351 PHELPS DRIVE IRVING TX 75038
Houston Julia A officer: Chief Transformation Officer 1155 PERIMETER CENTER WEST ATLANTA GA 30338
Dhore Prasanna officer: Chief Data & Analytics Officer 10375 PROFESSIONAL CIRCLE RENO NV 89521
Griggs James M officer: SVP & Corp Controller 1550 PEACHTREE STREET NW ATLANTA GA 30309
Gamble John W Jr officer: Chief Financial Officer ONE LEXMARK CENTRE DR 740 WEST NEW CIRCLE RD LEXINGTON KY 40550
Koehler Bryson R officer: Chief Technology Officer 1550 PEACHTREE STREET NW ATLANTA GA 30309
Kelley John J Iii officer: Chief Legal Officer 1550 PEACHTREE STREET, NW ATLANTA GA 30309
Mcgregor Scott A director 5300 CALIFORNIA AVENUE IRVINE CA 92617
Wilson Heather H director 1550 PEACHTREE STREET NW ATLANTA 2Q 30309
Hough G. Thomas director P.O. BOX 407 LAKELAND FL 33802
Mckinley John A director C/O EQUIFAX INC 1550 PEACHTREE STREET NW ATLANTA GA 30309
Marcus Robert D director C/O TIME WARNER CABLE INC. 60 COLUMBUS CIRCLE, 17TH FLOOR NEW YORK NY 10023
Selander Robert W director MASTERCARD INTERNATIONAL 2000 PURCHASE STREET PURCHASE NY 10577

Equifax Headlines

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