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SCHW (Charles Schwab) Asset Turnover : 0.01 (As of Sep. 2024)


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What is Charles Schwab Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Charles Schwab's Revenue for the three months ended in Sep. 2024 was $4,847 Mil. Charles Schwab's Total Assets for the quarter that ended in Sep. 2024 was $457,865 Mil. Therefore, Charles Schwab's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Charles Schwab's annualized ROE % for the quarter that ended in Sep. 2024 was 12.36%. It is also linked to ROA % through Du Pont Formula. Charles Schwab's annualized ROA % for the quarter that ended in Sep. 2024 was 1.23%.


Charles Schwab Asset Turnover Historical Data

The historical data trend for Charles Schwab'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.

Charles Schwab Asset Turnover Chart

Charles Schwab 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 0.04 0.03 0.03 0.03 0.04

Charles Schwab Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.01 0.01 0.01 0.01 0.01

Competitive Comparison of Charles Schwab's Asset Turnover

For the Capital Markets subindustry, Charles Schwab'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.


Charles Schwab's Asset Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Charles Schwab's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Charles Schwab's Asset Turnover falls into.



Charles Schwab Asset Turnover Calculation

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

Charles Schwab'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 )
=18837/( (551772+493178)/ 2 )
=18837/522475
=0.04

Charles Schwab's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=4847/( (449675+466055)/ 2 )
=4847/457865
=0.01

* 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.


Charles Schwab  (NYSE:SCHW) Asset Turnover Explanation

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

Charles Schwab's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=5632/45584
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(5632 / 19388)*(19388 / 457865)*(457865/ 45584)
=Net Margin %*Asset Turnover*Equity Multiplier
=29.05 %*0.0423*10.0444
=ROA %*Equity Multiplier
=1.23 %*10.0444
=12.36 %

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

Charles Schwab's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=5632/457865
=(Net Income / Revenue)*(Revenue / Total Assets)
=(5632 / 19388)*(19388 / 457865)
=Net Margin %*Asset Turnover
=29.05 %*0.0423
=1.23 %

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


Charles Schwab Asset Turnover Related Terms

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


Charles Schwab Business Description

Address
3000 Schwab Way, Westlake, TX, USA, 76262
Charles Schwab operates in brokerage, wealth management, banking, and asset management. It runs a large network of brick-and-mortar brokerage branch offices and a well-established online investing website, and it has mobile trading capabilities. It also operates a bank and a proprietary asset-management business and offers services to independent investment advisors. Schwab is among the largest firms in the investment business, with over $8 trillion of client assets at the end of December 2023. Nearly all of its revenue is from the United States.
Executives
Nigel J Murtagh officer: MD, EVP - Corporate Risk C/O THE CHARLES SCHWAB CORPORATION, 211 MAIN STREET, SAN FRANCISCO CA 94105
Christopher V Dodds officer: EVP and CFO ITG INC., ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006
Carolyn Schwab-pomerantz director 3000 SCHWAB WAY, WESTLAKE TX 76262
Charles A. Ruffel director 3000 SCHWAB WAY, WESTLAKE TX 76262
Charles R. Schwab director, officer: Co-Chairman PO BOX 2226, PALM BEACH FL 33480
Richard A Wurster officer: President 3000 SCHWAB WAY, WESTLAKE TX 76262
Walter W Bettinger officer: EVP/COO - Individual Investor 211 MAIN STREET, SAN FRANCISCO CA 94105
Bernard J. Clark officer: MD, Head of Adivsor Services C/O THE CHARLES SCHWAB CORPORATION, 211 MAIN STREET, SAN FRANCISCO CA 94105
Peter B. Crawford officer: CFO 211 MAIN STREET, SAN FRANCISCO CA 94105
Stephen A Ellis director C/O THE CHARLES SCHWAB CORPORATION, 211 MAIN STREET, SAN FRANCISCO CA 94105
Morgan Peter J. Iii officer: General Counsel 211 MAIN STREET, SAN FRANCISCO CA 94105
Arun Sarin director C/O SAFEWAY INC., 5918 STONERIDGE MALL ROAD, PLEASANTON CA 94588
Joseph R Martinetto officer: MD and COO 211 MAIN STREET, SAN FRANCISCO CA 94105
Mark A Goldfarb director C/O THE CHARLES SCHWAB CORPORATION, 211 MAIN STREET, SAN FRANCISCO CA 94105
Adams John K Jr director 300 CONTINENTAL DRIVE, NEWARK DE 19713