GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RENN Fund Inc (AMEX:RCG) » Definitions » Asset Turnover

RCG (RENN Fund) Asset Turnover : 0.13 (As of Jun. 2024)


View and export this data going back to 1996. Start your Free Trial

What is RENN Fund Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. RENN Fund's Revenue for the six months ended in Jun. 2024 was $2.01 Mil. RENN Fund's Total Assets for the quarter that ended in Jun. 2024 was $15.07 Mil. Therefore, RENN Fund's Asset Turnover for the quarter that ended in Jun. 2024 was 0.13.

Asset Turnover is linked to ROE % through Du Pont Formula. RENN Fund's annualized ROE % for the quarter that ended in Jun. 2024 was 25.46%. It is also linked to ROA % through Du Pont Formula. RENN Fund's annualized ROA % for the quarter that ended in Jun. 2024 was 24.96%.


RENN Fund Asset Turnover Historical Data

The historical data trend for RENN Fund'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.

RENN Fund Asset Turnover Chart

RENN Fund 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 0.16 -0.02 0.38 -0.25 -0.04

RENN Fund Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -0.26 0.01 - -0.04 0.13

Competitive Comparison of RENN Fund's Asset Turnover

For the Asset Management subindustry, RENN Fund'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.


RENN Fund's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, RENN Fund's Asset Turnover distribution charts can be found below:

* The bar in red indicates where RENN Fund's Asset Turnover falls into.



RENN Fund Asset Turnover Calculation

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

RENN Fund'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 )
=-0.609/( (14.923+13.954)/ 2 )
=-0.609/14.4385
=-0.04

RENN Fund's Asset Turnover for the quarter that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=2.006/( (13.954+16.191)/ 2 )
=2.006/15.0725
=0.13

* 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.


RENN Fund  (AMEX:RCG) Asset Turnover Explanation

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

RENN Fund's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=3.762/14.7775
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(3.762 / 4.012)*(4.012 / 15.0725)*(15.0725/ 14.7775)
=Net Margin %*Asset Turnover*Equity Multiplier
=93.77 %*0.2662*1.02
=ROA %*Equity Multiplier
=24.96 %*1.02
=25.46 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) net income data. The Revenue data used here is two times the semi-annual (Jun. 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:

RENN Fund's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=3.762/15.0725
=(Net Income / Revenue)*(Revenue / Total Assets)
=(3.762 / 4.012)*(4.012 / 15.0725)
=Net Margin %*Asset Turnover
=93.77 %*0.2662
=24.96 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) net income data. The Revenue data used here is two times the semi-annual (Jun. 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.


RENN Fund Asset Turnover Related Terms

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


RENN Fund Business Description

Traded in Other Exchanges
N/A
Address
470 Park Avenue South, New York, NY, USA, 10016
RENN Fund Inc is active in the financial services domain. It is a closed-end management investment company formed to provide return through capital appreciation and income by a long-term, value-oriented investment process that invests in a wide variety of financial instruments, including but not limited to, common stocks, fixed-income securities including convertible and non-convertible debt securities or loans, distressed debt, warrants, and preferred stock, exchange-traded funds and exchange-traded notes, and other instruments. It invests in various industries, including communication services, surgical and medical instruments and apparatus, Oil and Gas, medical chemicals, botanical products, and others.
Executives
Murray Stahl director, officer: President and CEO C/O HORIZON KINETICS LLC, 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
Jay H Kesslen officer: President and CEO C/O HORIZON KINETICS LLC, 470 PARK AVE S, 8TH FL S, NEW YORK NY 10016
Alice C Brennan director C/O RENN FUND, INC., 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
Grimaldi Russell officer: Secretary C/O HORIZON KINETICS LLC, 470 PARK AVE S, 8TH FL S, NEW YORK NY 10016
Alun Williams officer: Treasurer C/O HORIZON KINETICS LLC, 470 PARK AVE S, 8TH FL S, NEW YORK NY 10016
Doug Cohen director HORIZON KINETICS, LLC, 470 PARK AVE S, 4TH FL S, NEW YORK NY 10016
Peter Doyle other: Co-Portfolio Manager 470 PARK AVENUE SOUTH, 8TH FLOOR, NEW YORK NY 10016
Steven Bregman other: Co-Portfolio Manager HORIZON KINETICS LLC, 470 PARK AVENUE SOUTH, 4TH FLOOR SOUTH, NEW YORK NY 10016
Eric Sites director C/O RENN FUND, INC., 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
Herbert M Chain director C/O RENN FUND, INC., 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
J Philip Mccormick director
Pierce Charles C Jr director C/O RENAISSANCE CAPITAL GROUP INC, 8080 N. CENTRAL EXPRESSWAY #210 LB-59, DALLAS TX 75206
Barbara Butschek officer: Secretary and Treasurer
Renn Capital Group, Inc. 10 percent owner 8080 N. CENTRAL EXPRESSWAY, SUITE 210, LB-59, DALLAS TX 75204
Zed Eric Stephens officer: Vice President RENN CAPITAL GROUP, INC., 8080 N. CENTRAL EXPRESSWAY, SUITE 210, DALLAS TX 75206

RENN Fund Headlines

From GuruFocus

How to Retroactively Buy Texas Pacific Land Trust

By batbeer2 batbeer2 01-21-2019

RENN Fund, Inc. Announces Year-End Distribution

By ACCESSWIRE ACCESSWIRE 12-20-2022