GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Vivid Seats Inc (NAS:SEAT) » Definitions » Asset Turnover

SEAT (Vivid Seats) Asset Turnover : 0.11 (As of Sep. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Vivid Seats Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Vivid Seats's Revenue for the three months ended in Sep. 2024 was $186.6 Mil. Vivid Seats's Total Assets for the quarter that ended in Sep. 2024 was $1,632.6 Mil. Therefore, Vivid Seats's Asset Turnover for the quarter that ended in Sep. 2024 was 0.11.

Asset Turnover is linked to ROE % through Du Pont Formula. Vivid Seats's annualized ROE % for the quarter that ended in Sep. 2024 was 8.73%. It is also linked to ROA % through Du Pont Formula. Vivid Seats's annualized ROA % for the quarter that ended in Sep. 2024 was 1.30%.


Vivid Seats Asset Turnover Historical Data

The historical data trend for Vivid Seats'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.

Vivid Seats Asset Turnover Chart

Vivid Seats Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
0.31 0.03 0.35 0.47 0.53

Vivid Seats Quarterly Data
Dec19 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 0.14 0.14 0.12 0.12 0.11

Competitive Comparison of Vivid Seats's Asset Turnover

For the Internet Content & Information subindustry, Vivid Seats'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.


Vivid Seats's Asset Turnover Distribution in the Interactive Media Industry

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

* The bar in red indicates where Vivid Seats's Asset Turnover falls into.



Vivid Seats Asset Turnover Calculation

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

Vivid Seats'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 )
=712.879/( (1151.431+1550.099)/ 2 )
=712.879/1350.765
=0.53

Vivid Seats'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 )
=186.605/( (1654.702+1610.591)/ 2 )
=186.605/1632.6465
=0.11

* 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.


Vivid Seats  (NAS:SEAT) Asset Turnover Explanation

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

Vivid Seats's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=21.184/242.6265
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(21.184 / 746.42)*(746.42 / 1632.6465)*(1632.6465/ 242.6265)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.84 %*0.4572*6.7291
=ROA %*Equity Multiplier
=1.30 %*6.7291
=8.73 %

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:

Vivid Seats's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=21.184/1632.6465
=(Net Income / Revenue)*(Revenue / Total Assets)
=(21.184 / 746.42)*(746.42 / 1632.6465)
=Net Margin %*Asset Turnover
=2.84 %*0.4572
=1.30 %

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.


Vivid Seats Asset Turnover Related Terms

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


Vivid Seats Business Description

Traded in Other Exchanges
N/A
Address
24 East Washington Street, Suite 900, Chicago, IL, USA, 60602
Vivid Seats Inc is an online ticket marketplace for connecting fans to live events and artists. It is the official ticketing partner of brands in the entertainment industry providing tickets for sports, concerts, theatres, and comedy events in the United States, Canada and Japan. It operates in two segments namely marketplace and resale.
Executives
Emily T Epstein officer: General Counsel 101 MERRITT 7, NORWALK CT 06851
Edward Pickus officer: Chief Accounting Officer C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Riva Bakal officer: SVP, Strategy & Product C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Jonathan Miles Wagner officer: Chief Technology Officer C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Hoya Topco, Llc 10 percent owner C/O KIRKLAND & ELLIS LLP, 555 CALIFORNIA STREET, SUITE 2700, SAN FRANCISCO CA 94104
Craig A. Dixon director C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
David E. Morris officer: General Counsel C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Sbt Investors Llc 10 percent owner 600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Todd L Boehly director, 10 percent owner 600 STEAMBOAT ROAD, GREENWICH CT 06830
Eldridge Industries, Llc 10 percent owner 600 STEAMBOAT ROAD, GREENWICH CT 06830
Horizon Sponsor, Llc 10 percent owner 600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Jane E. Deflorio director 3000 N.W. 107TH AVENUE, MIAMI FL 33172
Post Portfolio Trust, Llc 10 percent owner 600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Security Benefit Life Insurance Co /ks/ 10 percent owner ONE SECURITY BENEFIT PLACE, TOPEKA KS 66636-0001
Julie D. Masino director C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606