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RGT (Royce Global Value Trust) Asset Turnover : 0.04 (As of Dec. 2024)


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What is Royce Global Value Trust Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Royce Global Value Trust's Revenue for the six months ended in Dec. 2024 was $3.69 Mil. Royce Global Value Trust's Total Assets for the quarter that ended in Dec. 2024 was $84.41 Mil. Therefore, Royce Global Value Trust's Asset Turnover for the quarter that ended in Dec. 2024 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. Royce Global Value Trust's annualized ROE % for the quarter that ended in Dec. 2024 was 8.16%. It is also linked to ROA % through Du Pont Formula. Royce Global Value Trust's annualized ROA % for the quarter that ended in Dec. 2024 was 7.81%.


Royce Global Value Trust Asset Turnover Historical Data

The historical data trend for Royce Global Value Trust'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.

Royce Global Value Trust Asset Turnover Chart

Royce Global Value Trust Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Asset Turnover
Get a 7-Day Free Trial 0.21 0.14 -0.29 4.49 0.12

Royce Global Value Trust Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 0.03 0.06 4.30 0.08 0.04

Competitive Comparison of Royce Global Value Trust's Asset Turnover

For the Asset Management subindustry, Royce Global Value Trust'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.


Royce Global Value Trust's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Royce Global Value Trust's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Royce Global Value Trust's Asset Turnover falls into.



Royce Global Value Trust Asset Turnover Calculation

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

Royce Global Value Trust's Asset Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2024 )/( (Total Assets (A: Dec. 2023 )+Total Assets (A: Dec. 2024 ))/ count )
=9.8/( (79.128+84.156)/ 2 )
=9.8/81.642
=0.12

Royce Global Value Trust's Asset Turnover for the quarter that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=3.694/( (84.657+84.156)/ 2 )
=3.694/84.4065
=0.04

* 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.


Royce Global Value Trust  (NYSE:RGT) Asset Turnover Explanation

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

Royce Global Value Trust's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=6.594/80.8045
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(6.594 / 7.388)*(7.388 / 84.4065)*(84.4065/ 80.8045)
=Net Margin %*Asset Turnover*Equity Multiplier
=89.25 %*0.0875*1.0446
=ROA %*Equity Multiplier
=7.81 %*1.0446
=8.16 %

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

Royce Global Value Trust's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=6.594/84.4065
=(Net Income / Revenue)*(Revenue / Total Assets)
=(6.594 / 7.388)*(7.388 / 84.4065)
=Net Margin %*Asset Turnover
=89.25 %*0.0875
=7.81 %

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


Royce Global Value Trust Asset Turnover Related Terms

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Royce Global Value Trust Business Description

Traded in Other Exchanges
N/A
Address
745 Fifth Avenue, New York, NY, USA, 10151
Royce Global Value Trust Inc is a diversified closed-end investment company. The fund spreads its investments across diversified sectors such as information technology, consumer discretionary, health care, materials, consumer staples, and energy. Geographically, it has presence in the region of the United Kingdom, Japan, the United States, Canada, France, Hong Kong, and Germany.
Executives
Julia Ward Poston director C/O ROYCE & ASSOCIATES, 745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151
Christopher C. Grisanti director 745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151
G Peter Obrien director C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Charles M Royce director, officer: President, other: President - Investment Adviser C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151
Cecile Burleigh Harper director C/O ROYCE & ASSOCIATES, 745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151
John E Denneen officer: Secretary C/O ROYCE & ASSOCIATES LLC, 745 FIFTH AVENUE, NEW YORK NY 10151
Christopher D Clark officer: Vice President, other: President - Investment Advisor 745 FIFTH AVENUE, SUITE 2400, NEW YORK NY 10151
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Michael K. Shields director C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151
Francis Gannon officer: Vice President C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151
Arthur S Mehlman director C/O ROYCE & ASSOCIATES, 745 FIFTH AVENUE, NEW YORK NY 10151
Peter K Hoglund officer: Treasuer, other: CFO Investment Advisor 745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151
Patricia Walsh Chadwick director 7337 E DOUBLETREE RANCH ROAD, SCOTTSDALE AZ 85258
Fockler Jack E. Jr. officer: Vice President, other: VP - Investment Advisor C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151