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Quad/Graphics (Quad/Graphics) Asset Turnover : 0.51 (As of Dec. 2023)


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What is Quad/Graphics Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Quad/Graphics's Revenue for the three months ended in Dec. 2023 was $788 Mil. Quad/Graphics's Total Assets for the quarter that ended in Dec. 2023 was $1,540 Mil. Therefore, Quad/Graphics's Asset Turnover for the quarter that ended in Dec. 2023 was 0.51.

Asset Turnover is linked to ROE % through Du Pont Formula. Quad/Graphics's annualized ROE % for the quarter that ended in Dec. 2023 was -66.95%. It is also linked to ROA % through Du Pont Formula. Quad/Graphics's annualized ROA % for the quarter that ended in Dec. 2023 was -5.72%.


Quad/Graphics Asset Turnover Historical Data

The historical data trend for Quad/Graphics'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.

Quad/Graphics Asset Turnover Chart

Quad/Graphics Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.61 1.35 1.55 1.79 1.84

Quad/Graphics Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Asset Turnover Get a 7-Day Free Trial 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 0.51 0.46 0.44 0.45 0.51

Competitive Comparison of Quad/Graphics's Asset Turnover

For the Specialty Business Services subindustry, Quad/Graphics'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.


Quad/Graphics's Asset Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Quad/Graphics's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Quad/Graphics's Asset Turnover falls into.



Quad/Graphics Asset Turnover Calculation

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

Quad/Graphics's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=2957.7/( (1701.8+1509.7)/ 2 )
=2957.7/1605.75
=1.84

Quad/Graphics's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=787.9/( (1569.3+1509.7)/ 2 )
=787.9/1539.5
=0.51

* 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.


Quad/Graphics  (NYSE:QUAD) Asset Turnover Explanation

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

Quad/Graphics's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-88/131.45
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-88 / 3151.6)*(3151.6 / 1539.5)*(1539.5/ 131.45)
=Net Margin %*Asset Turnover*Equity Multiplier
=-2.79 %*2.0472*11.7117
=ROA %*Equity Multiplier
=-5.72 %*11.7117
=-66.95 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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:

Quad/Graphics's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-88/1539.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-88 / 3151.6)*(3151.6 / 1539.5)
=Net Margin %*Asset Turnover
=-2.79 %*2.0472
=-5.72 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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.


Quad/Graphics Asset Turnover Related Terms

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


Quad/Graphics (Quad/Graphics) Business Description

Traded in Other Exchanges
Address
N61 W23044 Harry's Way, Sussex, WI, USA, 53089-3995
Quad/Graphics Inc provides print and marketing services to help customers market their products, services, and contents. The company primarily operates in the commercial segment of the printing industry. It operates through three divisions. The United States print and related services segment consists of the company's American operations. Besides the complete set of print and marketing solutions, this segment also manufactures ink. The international segment includes the company's printing business in Europe and Latin America. The corporate segment is engaged in the general and administrative activities as well as associated costs. The company almost generates all its revenue from the American domestic market.
Executives
Melanie Arlene Huet director 6655 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328
Robert H Quadracci officer: Chief Human Resources Officer C/O QUAD/GRAPHICS INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
Anthony Staniak officer: Chief Financial Officer QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089-3995
Beth-ann Eason director C/O QUAD/GRAPHICS INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
Dana B. Gruen officer: General Counsel & Corp Sec C/O QUAD/GRAPHICS INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
Donald M Mckenna officer: EVP, Chief Administrative ofcr C/O QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
Joshua J Golden officer: Chief Marketing Officer C/O QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
J Joel Quadracci director, officer: Chairman, Pres & CEO QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
Julie A Currie officer: EVP and Chief Revenue Officer N61 W23044 HARRY'S WAY, SUSSEX WI 53089
John S Shiely director 770 NORTH WATER ST, MILWAUKEE WI 53202
Christopher B Harned director C/O THE CYPRESS GROUP, 65 EAST 55TH ST, 28TH FLOOR, NEW YORK NY 10022
Thomas J Frankowski officer: Chief Operating Officer QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
Kelly A Vanderboom officer: EVP & Treasurer QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
Jennifer J. Kent officer: EVP of Admin. & Gen. Counsel QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089-3995
David J Honan officer: EVP & CFO QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089

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