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Sportsman's Warehouse Holdings (Sportsman's Warehouse Holdings) Asset Turnover : 0.40 (As of Jan. 2024)


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What is Sportsman's Warehouse Holdings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Sportsman's Warehouse Holdings's Revenue for the three months ended in Jan. 2024 was $370 Mil. Sportsman's Warehouse Holdings's Total Assets for the quarter that ended in Jan. 2024 was $933 Mil. Therefore, Sportsman's Warehouse Holdings's Asset Turnover for the quarter that ended in Jan. 2024 was 0.40.

Asset Turnover is linked to ROE % through Du Pont Formula. Sportsman's Warehouse Holdings's annualized ROE % for the quarter that ended in Jan. 2024 was -13.02%. It is also linked to ROA % through Du Pont Formula. Sportsman's Warehouse Holdings's annualized ROA % for the quarter that ended in Jan. 2024 was -3.75%.


Sportsman's Warehouse Holdings Asset Turnover Historical Data

The historical data trend for Sportsman's Warehouse Holdings'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.

Sportsman's Warehouse Holdings Asset Turnover Chart

Sportsman's Warehouse Holdings Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.76 2.27 2.01 1.65 1.48

Sportsman's Warehouse Holdings Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 0.43 0.29 0.31 0.35 0.40

Competitive Comparison of Sportsman's Warehouse Holdings's Asset Turnover

For the Specialty Retail subindustry, Sportsman's Warehouse Holdings'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.


Sportsman's Warehouse Holdings's Asset Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sportsman's Warehouse Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Sportsman's Warehouse Holdings's Asset Turnover falls into.



Sportsman's Warehouse Holdings Asset Turnover Calculation

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

Sportsman's Warehouse Holdings's Asset Turnover for the fiscal year that ended in Jan. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jan. 2024 )/( (Total Assets (A: Jan. 2023 )+Total Assets (A: Jan. 2024 ))/ count )
=1287.987/( (858.96+886.205)/ 2 )
=1287.987/872.5825
=1.48

Sportsman's Warehouse Holdings's Asset Turnover for the quarter that ended in Jan. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jan. 2024 )/( (Total Assets (Q: Oct. 2023 )+Total Assets (Q: Jan. 2024 ))/ count )
=370.394/( (980.304+886.205)/ 2 )
=370.394/933.2545
=0.40

* 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.


Sportsman's Warehouse Holdings  (NAS:SPWH) Asset Turnover Explanation

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

Sportsman's Warehouse Holdings's annulized ROE % for the quarter that ended in Jan. 2024 is

ROE %**(Q: Jan. 2024 )
=Net Income/Total Stockholders Equity
=-34.956/268.406
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-34.956 / 1481.576)*(1481.576 / 933.2545)*(933.2545/ 268.406)
=Net Margin %*Asset Turnover*Equity Multiplier
=-2.36 %*1.5875*3.477
=ROA %*Equity Multiplier
=-3.75 %*3.477
=-13.02 %

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

Sportsman's Warehouse Holdings's annulized ROA % for the quarter that ended in Jan. 2024 is

ROA %(Q: Jan. 2024 )
=Net Income/Total Assets
=-34.956/933.2545
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-34.956 / 1481.576)*(1481.576 / 933.2545)
=Net Margin %*Asset Turnover
=-2.36 %*1.5875
=-3.75 %

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


Sportsman's Warehouse Holdings Asset Turnover Related Terms

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Sportsman's Warehouse Holdings (Sportsman's Warehouse Holdings) Business Description

Traded in Other Exchanges
Address
1475 West 9000 South, Suite A, West Jordan, UT, USA, 84088
Sportsman's Warehouse Holdings Inc together with its subsidiaries operates as an outdoor sporting goods retailer. It provides a one-stop shopping experience that equips customers with the right quality, brand name hunting, shooting, fishing, and camping gear to maximize enjoyment of the outdoors. The company offers products in the categories of Camping, Apparel, Fishing, Footwear, Hunting and shooting, and Optics, Electronics, Accessories, and Other products. It provides products such as Backpacks, Jackets, Camp essentials, Hiking boots, GPS devices, ATV accessories and Fishing rods, among others.
Executives
Paul Stone director, officer: PRESIDENT AND CEO HERTZ GLOBAL HOLDINGS, INC., 8501 WILLIAMS ROAD, ESTERO FL 33928
Steven W. Sansom director 1475 WEST 9000 SOUTH, SUITE A, WEST JORDAN UT 84088
Richard D Mcbee director PO BOX 500 (M/S 55-985), 14200 SW KARL BRAUN DRIVE, BEAVERTON OR 97077-0001
Gregory P Hickey director C/O SPORTSMAN'S WAREHOUSE HOLDINGS, INC., 7035 SOUTH HIGH TECH DRIVE, MIDVALE UT 84047
Cannell Capital Llc 10 percent owner 245 MERIWETHER CIRCLE, ALTA WY 83414
Erica Fortune director C/O SPORTMAN'S WAREHOUSE HOLDINGS, INC., 7035 SOUTH HIGH TECH DRIVE, MIDVALE UT 84047
Jon Barker officer: President and COO C/O SPORTSMAN'S WAREHOUSE HOLDINGS, INC., 7035 SOUTH HIGH TECH DRIVE, MIDVALE UT 84047
Nancy A Walsh director LL FLOORING HOLDINGS, INC., 4901 BAKERS MILL LANE, RICHMOND VA 23230
Joseph P Schneider director C/O LACROSSE FOOTWEAR INC, 18550 NE RIVERSIDE PARKWAY, PORTLAND OR 972304975
Jeffrey Justin White officer: VP Finance, CAO, Interim CFO SPORTSMAN'S WAREHOUSE, 1475 WEST 9000 SOUTH SUITE A, WEST JORDAN UT 84088
Christopher Eastland director C/O SEIDLER KUTSENDA MANAGEMENT COMPANY, 4640 ADMIRALTY WAY, SUITE 1200, MARINA DEL REY CA 90292
Robert K. Julian officer: Chief Financial Officer C/O SPORTSMAN'S WAREHOUSE, 7035 SOUTH HIGH TECH DRIVE, MIDVALE UT 84047
Martha Helena Bejar director C/O POLYCOM, INC., 6001 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Kent Vernon Graham director 11727 FOLKSTONE LANE, LOS ANGELES CA 90077
Philip Williamson director C/O SPORTSMAN'S WAREHOUSE HOLDINGS, INC., 7035 SOUTH HIGH TECH DRIVE, MIDVALE UT 84047