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FinVolution Group Asset Turnover

: 0.14 (As of Dec. 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. FinVolution Group's Revenue for the three months ended in Dec. 2021 was $384 Mil. FinVolution Group's Total Assets for the quarter that ended in Dec. 2021 was $2,684 Mil. Therefore, FinVolution Group's Asset Turnover for the quarter that ended in Dec. 2021 was 0.14.

Asset Turnover is linked to ROE % through Du Pont Formula. FinVolution Group's annualized ROE % for the quarter that ended in Dec. 2021 was 25.60%. It is also linked to ROA % through Du Pont Formula. FinVolution Group's annualized ROA % for the quarter that ended in Dec. 2021 was 15.35%.


FinVolution Group Asset Turnover Historical Data

The historical data trend for FinVolution Group'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.

FinVolution Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Asset Turnover
Premium Member Only Premium Member Only 0.74 0.41 0.38 0.47 0.58

FinVolution Group Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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 0.13 0.14 0.16 0.16 0.14

FinVolution Group Asset Turnover Calculation

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

FinVolution Group'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 )
=1486.8396841097/( (2275.8070435674+2847.8091784027)/ 2 )
=1486.8396841097/2561.808110985
=0.58

FinVolution Group's Asset Turnover for the quarter that ended in Dec. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2021 )/( (Total Assets (Q: Sep. 2021 )+Total Assets (Q: Dec. 2021 ))/ count )
=384.34725951046/( (2519.7614732897+2847.8091784027)/ 2 )
=384.34725951046/2683.7853258462
=0.14

* 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.


FinVolution Group  (NYSE:FINV) Asset Turnover Explanation

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

FinVolution Group's annulized ROE % for the quarter that ended in Dec. 2021 is

ROE %**(Q: Dec. 2021 )
=Net Income/Total Stockholders Equity
=411.88450850172/1609.1073800826
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(411.88450850172 / 1537.3890380419)*(1537.3890380419 / 2683.7853258462)*(2683.7853258462/ 1609.1073800826)
=Net Margin %*Asset Turnover*Equity Multiplier
=26.79 %*0.5728*1.6679
=ROA %*Equity Multiplier
=15.35 %*1.6679
=25.60 %

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

FinVolution Group's annulized ROA % for the quarter that ended in Dec. 2021 is

ROA %(Q: Dec. 2021 )
=Net Income/Total Assets
=411.88450850172/2683.7853258462
=(Net Income / Revenue)*(Revenue / Total Assets)
=(411.88450850172 / 1537.3890380419)*(1537.3890380419 / 2683.7853258462)
=Net Margin %*Asset Turnover
=26.79 %*0.5728
=15.35 %

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


FinVolution Group Asset Turnover Related Terms

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FinVolution Group Business Description

FinVolution Group logo
Industry
Financial Services » Credit Services NAICS : 522310 SIC : 6163
Traded in Other Exchanges
Address
No. 999 Dangui Road, Building G1, Pudong New District, Shanghai, CHN, 201203
FinVolution Group is a provider of online consumer finance in China. It offers various loan products, making financial services available to borrowers anytime, anywhere; designs a loan transaction process, and offers Tailored risk-based pricing. It offers short-term loans to borrowers to meet immediate credit needs while allowing them to gradually establish their credit history through activities on the company's platform. The company provides investors with an opportunity to invest in emerging asset class-consumer loans through a variety of investment options. It generates revenues from fees charged to borrowers.

FinVolution Group Headlines

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