Pinterest (NYSE:PINS) Asset Turnover

: 0.16 (As of Mar. 2023)

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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. Pinterest's Revenue for the three months ended in Mar. 2023 was $603 Mil. Pinterest's Total Assets for the quarter that ended in Mar. 2023 was $3,715 Mil. Therefore, Pinterest's Asset Turnover for the quarter that ended in Mar. 2023 was 0.16.

Asset Turnover is linked to ROE % through Du Pont Formula. Pinterest's annualized ROE % for the quarter that ended in Mar. 2023 was -26.31%. It is also linked to ROA % through Du Pont Formula. Pinterest's annualized ROA % for the quarter that ended in Mar. 2023 was -22.46%.

Pinterest Asset Turnover Historical Data

The historical data trend for Pinterest'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.

Pinterest Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Asset Turnover

0.65

0.68

0.84

0.76

Pinterest Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Asset Turnover																0.16	0.18	0.19	0.23	0.16

Competitive Comparison

For the Internet Content & Information subindustry, Pinterest'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.

Annual Data Quarterly Data

Pinterest Asset Turnover Distribution

For the Interactive Media industry and Communication Services sector, Pinterest's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Pinterest's Asset Turnover falls in comparison to its industry or sector. The grey bar indicates the Asset Turnover's extreme value range as defined by GuruFocus.

Pinterest Asset Turnover Calculation

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

Pinterest'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 )
=	2802.574	/	( (3537.238	+	3862.73)	/ 2 )
=	2802.574	/	3699.984
=	0.76

Pinterest's Asset Turnover for the quarter that ended in Mar. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Mar. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Mar. 2023 ))	/ count )
=	602.581	/	( (3862.73	+	3566.422)	/ 2 )
=	602.581	/	3714.576
=	0.16

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.

Pinterest (NYSE:PINS) Asset Turnover Explanation

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

Pinterest's annulized ROE % for the quarter that ended in Mar. 2023 is

	ROE %^**		(Q: Mar. 2023 )
=	Net Income	/	Total Stockholders Equity
=	-834.316	/	3170.6965
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-834.316 / 2410.324)	*	(2410.324 / 3714.576)	*	(3714.576/ 3170.6965)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-34.61 %	*	0.6489	*	1.1715
=	ROA %	*	Equity Multiplier
=	-22.46 %	*	1.1715
=	-26.31 %

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

^** 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:

Pinterest's annulized ROA % for the quarter that ended in Mar. 2023 is

	ROA %		(Q: Mar. 2023 )
=	Net Income	/	Total Assets
=	-834.316	/	3714.576
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-834.316 / 2410.324)	*	(2410.324 / 3714.576)
=	Net Margin %	*	Asset Turnover
=	-34.61 %	*	0.6489
=	-22.46 %

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

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.

Pinterest Asset Turnover Related Terms

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Pinterest (NYSE:PINS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Pinterest Inc (NYSE:PINS) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

PINS:Mexico P2IN34:Brazil

Address

505 Brannan Street, San Francisco, CA, USA, 94107

Website

https://www.pinterest.com

Pinterest is an online product and idea discovery platform that helps users gather ideas on everything from recipes to cook to destinations to travel to. Founded in 2010, the platform consists of a largely female audience, at roughly two thirds of its more than 365 million monthly active users. The company generates revenue by selling digital ads and is now rolling out more in-platform e-commerce features.

Executives

Marc Steinberg	director	600 STEAMBOAT ROAD, 3RD FLOOR, GREENWICH CT 06830
Wanjiku Juanita Walcott	officer: Chief Legal Officer	2500 LAKE COOK ROAD, RIVERWOODS IL 60015
William J Ready	director, officer: Chief Executive Officer	C/O PAYPAL HOLDINGS, INC., 2211 NORTH FIRST STREET, SAN JOSE CA 95131
Andrea Acosta	officer: Chief Accounting Officer	C/O BIOMARIN PHARMACEUTICAL INC., 770 LINDARO ST, SAN RAFAEL CA 94901
Naveen Gavini	officer: SVP, Products	505 BRANNAN ST., SAN FRANCISCO CA 94107
Salaam Coleman	director	505 BRANNAN ST., SAN FRANCISCO CA 94701
Andrea M Wishom	director	651 BRANNAN ST., SAN FRANCISCO CA 94107
L Michelle Wilson	director	PO BOX 81226, SEATTLE WA 98108-1226
Jeremy S. Levine	director	C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, LARCHMONT NY 10538
Fredric G Reynolds	director	CBS CORPORATION, 51 WEST 52ND STREET, NEW YORK NY 10019
Leslie J Kilgore	director	121 ALBRIGHT WAY, LOS GATOS CA 95032
Gokul Rajaram	director	301 CONGRESS AVENUE, SUITE 700, AUSTIN TX 78701
Jeffrey D Jordan	director	2865 SAND HILL ROAD #101, MENLO PARK CA 94025
Evan Sharp	director, officer: Co-Founder & Chief Design & Cr	505 BRANNAN STREET, SAN FRANCISCO CA 94107
Benjamin Silbermann	director, 10 percent owner, officer: Chairman, President, CEO, Co-F	505 BRANNAN STREET, SAN FRANCISCO CA 94107