PENG (Penguin Solutions) Asset Turnover : 0.22 (As of Nov. 2024)

Penguin Solutions Asset Turnover Chart

Penguin Solutions Annual Data
	Trend	Aug15	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23	Aug24
Asset Turnover		Get a 7-Day Free Trial					1.51	0.99	0.96	0.94	0.79

Penguin Solutions Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Asset Turnover	Get a 7-Day Free Trial															0.18	0.18	0.20	0.21	0.22

Competitive Comparison of Penguin Solutions's Asset Turnover

For the Information Technology Services subindustry, Penguin Solutions'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.

Penguin Solutions's Asset Turnover Distribution in the Software Industry

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

* The bar in red indicates where Penguin Solutions's Asset Turnover falls into.

Penguin Solutions Asset Turnover Calculation

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

Penguin Solutions's Asset Turnover for the fiscal year that ended in Aug. 2024 is calculated as

Penguin Solutions's Asset Turnover for the quarter that ended in Nov. 2024 is calculated as

* 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.

Penguin Solutions  (NAS:PENG) Asset Turnover Explanation

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

Penguin Solutions's annulized ROE % for the quarter that ended in Nov. 2024 is

Note: The Net Income data used here is four times the quarterly (Nov. 2024) net income data. The Revenue data used here is four times the quarterly (Nov. 2024) 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:

Penguin Solutions's annulized ROA % for the quarter that ended in Nov. 2024 is

Note: The Net Income data used here is four times the quarterly (Nov. 2024) net income data. The Revenue data used here is four times the quarterly (Nov. 2024) 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.

Penguin Solutions Asset Turnover Related Terms

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Penguin Solutions Business Description