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Vivint Smart Home (Vivint Smart Home) Asset Turnover : 0.15 (As of Dec. 2022)


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What is Vivint Smart Home Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Vivint Smart Home's Revenue for the three months ended in Dec. 2022 was $443 Mil. Vivint Smart Home's Total Assets for the quarter that ended in Dec. 2022 was $2,919 Mil. Therefore, Vivint Smart Home's Asset Turnover for the quarter that ended in Dec. 2022 was 0.15.

Asset Turnover is linked to ROE % through Du Pont Formula. Vivint Smart Home's annualized ROE % for the quarter that ended in Dec. 2022 was -4.69%. It is also linked to ROA % through Du Pont Formula. Vivint Smart Home's annualized ROA % for the quarter that ended in Dec. 2022 was 2.77%.


Vivint Smart Home Asset Turnover Historical Data

The historical data trend for Vivint Smart Home'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.

Vivint Smart Home Asset Turnover Chart

Vivint Smart Home Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Asset Turnover
- 0.44 0.46 0.52 0.59

Vivint Smart Home Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 0.14 0.14 0.15 0.15 0.15

Competitive Comparison of Vivint Smart Home's Asset Turnover

For the Security & Protection Services subindustry, Vivint Smart Home'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.


Vivint Smart Home's Asset Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Vivint Smart Home's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Vivint Smart Home's Asset Turnover falls into.



Vivint Smart Home Asset Turnover Calculation

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

Vivint Smart Home's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=1682.49/( (2785.628+2878.542)/ 2 )
=1682.49/2832.085
=0.59

Vivint Smart Home's Asset Turnover for the quarter that ended in Dec. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2022 )/( (Total Assets (Q: Sep. 2022 )+Total Assets (Q: Dec. 2022 ))/ count )
=443.09/( (2958.982+2878.542)/ 2 )
=443.09/2918.762
=0.15

* 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.


Vivint Smart Home  (NYSE:VVNT) Asset Turnover Explanation

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

Vivint Smart Home's annulized ROE % for the quarter that ended in Dec. 2022 is

ROE %**(Q: Dec. 2022 )
=Net Income/Total Stockholders Equity
=80.756/-1721.266
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(80.756 / 1772.36)*(1772.36 / 2918.762)*(2918.762/ -1721.266)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.56 %*0.6072*-1.6957
=ROA %*Equity Multiplier
=2.77 %*-1.6957
=-4.69 %

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

Vivint Smart Home's annulized ROA % for the quarter that ended in Dec. 2022 is

ROA %(Q: Dec. 2022 )
=Net Income/Total Assets
=80.756/2918.762
=(Net Income / Revenue)*(Revenue / Total Assets)
=(80.756 / 1772.36)*(1772.36 / 2918.762)
=Net Margin %*Asset Turnover
=4.56 %*0.6072
=2.77 %

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


Vivint Smart Home Asset Turnover Related Terms

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Vivint Smart Home (Vivint Smart Home) Business Description

Traded in Other Exchanges
N/A
Address
4931 North 300 West, Provo, UT, USA, 84604
Vivint Smart Home Inc is a smart home company based in the United States. The Company is engaged in the sale, installation, servicing and monitoring of smart home and security systems. The company's products and services include Home security and automation systems, Smart security cameras, One-touch leaving, Smart security sensors, Smart lighting and temperature control and Constant monitoring and support.
Executives
313 Acquisition Llc 10 percent owner THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii L.p. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Rasesh M. Patel officer: Chief Operating Officer C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604
Dana C Russell officer: Chief Financial Officer 404 WYMAN STREET, SUITE 500, WALTHAM MA 02451
Michael J Staub director BLACKSTONE, INC., 345 PARK AVENUE, NEW YORK NY 10154
Meads Garner B. Iii officer: See Remarks C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604
Daniel Garen officer: See Remarks 5677 AIRLINE ROAD, ARLINGTON TN 38002
Barbara Comstock director C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604
David Bywater director, officer: Chief Executive Officer 1850 WEST ASHTON BLVD, LEHI UT 84043
Todd R. Pedersen director, officer: Chief Executive Officer C/O VIVINT SOLAR, INC., 3301 N. THANKSGIVING WAY, SUITE 500, LEHI UT 84043
Todd M Santiago officer: EVP, GM of Retail C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604
Jung Taik Hwang officer: Chief Technology Officer C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604
Bcp Voyager Holdings Lp 10 percent owner C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154
Jeremy B Warren officer: Chief Technology Officer C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604
Matthew J Eyring officer: EVP, GM of Inside Sales C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604

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