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

Sogou (SOGO) Asset Turnover : 0.11 (As of Jun. 2021)


View and export this data going back to 2017. Start your Free Trial

What is Sogou Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Sogou's Revenue for the three months ended in Jun. 2021 was $147.5 Mil. Sogou's Total Assets for the quarter that ended in Jun. 2021 was $1,376.7 Mil. Therefore, Sogou's Asset Turnover for the quarter that ended in Jun. 2021 was 0.11.

Asset Turnover is linked to ROE % through Du Pont Formula. Sogou's annualized ROE % for the quarter that ended in Jun. 2021 was 15.41%. It is also linked to ROA % through Du Pont Formula. Sogou's annualized ROA % for the quarter that ended in Jun. 2021 was 11.59%.


Sogou Asset Turnover Historical Data

The historical data trend for Sogou'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.

Sogou Asset Turnover Chart

Sogou Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Asset Turnover
Get a 7-Day Free Trial 1.41 0.98 0.81 0.79 0.63

Sogou Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 0.17 0.15 0.13 0.10 0.11

Competitive Comparison of Sogou's Asset Turnover

For the Internet Content & Information subindustry, Sogou'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.


Sogou's Asset Turnover Distribution in the Interactive Media Industry

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

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



Sogou Asset Turnover Calculation

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

Sogou's Asset Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2020 )/( (Total Assets (A: Dec. 2019 )+Total Assets (A: Dec. 2020 ))/ count )
=924.664/( (1522.402+1395.132)/ 2 )
=924.664/1458.767
=0.63

Sogou's Asset Turnover for the quarter that ended in Jun. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2021 )/( (Total Assets (Q: Mar. 2021 )+Total Assets (Q: Jun. 2021 ))/ count )
=147.511/( (1365.938+1387.367)/ 2 )
=147.511/1376.6525
=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.


Sogou  (NYSE:SOGO) Asset Turnover Explanation

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

Sogou's annulized ROE % for the quarter that ended in Jun. 2021 is

ROE %**(Q: Jun. 2021 )
=Net Income/Total Stockholders Equity
=159.612/1036.032
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(159.612 / 590.044)*(590.044 / 1376.6525)*(1376.6525/ 1036.032)
=Net Margin %*Asset Turnover*Equity Multiplier
=27.05 %*0.4286*1.3288
=ROA %*Equity Multiplier
=11.59 %*1.3288
=15.41 %

Note: The Net Income data used here is four times the quarterly (Jun. 2021) net income data. The Revenue data used here is four times the quarterly (Jun. 2021) 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:

Sogou's annulized ROA % for the quarter that ended in Jun. 2021 is

ROA %(Q: Jun. 2021 )
=Net Income/Total Assets
=159.612/1376.6525
=(Net Income / Revenue)*(Revenue / Total Assets)
=(159.612 / 590.044)*(590.044 / 1376.6525)
=Net Margin %*Asset Turnover
=27.05 %*0.4286
=11.59 %

Note: The Net Income data used here is four times the quarterly (Jun. 2021) net income data. The Revenue data used here is four times the quarterly (Jun. 2021) 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.


Sogou Asset Turnover Related Terms

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


Sogou (SOGO) Business Description

Traded in Other Exchanges
N/A
Address
No.1 Unit Zhongguancun East Road, Level 15, Sohu.com Internet Plaza, Haidian District, Beijing, CHN, 100084
Sogou Inc is an internet company in China which owns search engine called Sogou Search. It is engaged in developing Sogou Input Method, which is a Chinese language input software by both mobile and PC MAUs. Sogou Input Method is a cloud-based Chinese language input software which captures Chinese expressions and phrases on the Internet, which enables Sogou Input Method to build a comprehensive and up-to-date vocabulary library. The company focuses on delivering internet content to users through services such as search access to the vast content from Tencent's Weixin Official Accounts. It operates its business in China and earns the majority of its revenue from China itself.