Switch to:
SPDR S&P 500  (ARCA:SPY) Asset Turnover: 0.00 (As of . 20)

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. SPDR S&P 500's Revenue for the six months ended in . 20 was $ Mil. SPDR S&P 500's Total Assets for the quarter that ended in . 20 was $ Mil. Therefore, SPDR S&P 500's asset turnover for the quarter that ended in . 20 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. SPDR S&P 500's annualized ROE % for the quarter that ended in . 20 was %. It is also linked to ROA % through Du Pont Formula. SPDR S&P 500's annualized ROA % for the quarter that ended in . 20 was %.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

SPDR S&P 500 Annual Data

Asset Turnover

SPDR S&P 500 Semi-Annual Data

Asset Turnover

Calculation

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

SPDR S&P 500's Asset Turnover for the fiscal year that ended in . 20 is calculated as

Asset Turnover
=Sales/Average Total Assets
=Revenue (A: . 20 )/( (Total Assets (A: . 20 )+Total Assets (A: . 20 ))/ 2 )
=/( (+)/ 2 )
=/
=

SPDR S&P 500's Asset Turnover for the quarter that ended in . 20 is calculated as

Asset Turnover
=Sales/Average Total Assets
=Revenue (Q: . 20 )/( (Total Assets (Q: . 20 )+Total Assets (Q: . 20 ))/ 2 )
=/( (+)/ 2 )
=/
=

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


Explanation

Asset Turnover is linked to Return on Equity (ROE) through Du Pont Formula.

SPDR S&P 500's annulized ROE % for the quarter that ended in . 20 is

ROE %(Q: . 20 )
=Net Income/Total Equity
=/
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Equity)
=( / )*( / )*(/ )
=Net Margin %*Asset Turnover*Leverage Ratio
= %**
=ROA %*Leverage Ratio
= %*
= %

Note: The Net Income data used here is two times the semi-annual (. 20) net income data. The Revenue data used here is two times the semi-annual (. 20) revenue data.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

It is also linked to Return on Assets (ROA) through Du Pont Formula:

SPDR S&P 500's annulized ROA % for the quarter that ended in . 20 is

Note: The Net Income data used here is two times the semi-annual (. 20) net income data. The Revenue data used here is two times the semi-annual (. 20) revenue data.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


Related Terms


Headlines

From the Internet

SPY
Foreign Stocks Really Cheaper Domestic Stocks

- Seekingalpha 2017-10-20 16:30:14

SPY
Hits Keep Coming S And P 500

- Seekingalpha 2017-10-20 16:25:21

SPY
Cape Vix Ratio Tells U S Likely Looming Ahead

- Seekingalpha 2017-10-20 15:18:39

SPY
Market Volatility Bulletin Amazon Blame Low Inflation

- Seekingalpha 2017-10-20 15:07:47

SPY
Economist Lynn Reaser U S Economy Signs Bubble

- Seekingalpha 2017-10-20 14:22:44

SPY
The Calm Storm Iran Oil

- Seekingalpha 2017-10-20 13:17:34

SPY
Little Market

- Seekingalpha 2017-10-20 12:33:14

SPY
Investors Ignore May Biggest Policy Error History

- Seekingalpha 2017-10-20 11:47:53

SPY
Will Best Performing Asset Next 30 Years

- Seekingalpha 2017-10-20 11:39:49

SPY
Low Yields Imply Bond Allocations

- Seekingalpha 2017-10-20 11:15:14

SPY
Will Spdr Dividend Etf Sdy Underperform 2018

- Seekingalpha 2017-10-20 10:17:53

SPY
Fabulous Friday Finish Markets Make New Highs

- Seekingalpha 2017-10-20 10:00:23

SPY
Fast Track on Tax Cuts? GE Posts Q3 Fail

- Zacks 2017-10-20 09:18:00

SPY
Investing Reits Reits Alternatives Traditional Stock

- Seekingalpha 2017-10-20 06:45:03

SPY
Stock Exchange Momentum Trades Better Dip Buying

- Seekingalpha 2017-10-20 06:41:22

SPY
Suckers Going

- Seekingalpha 2017-10-20 04:02:56

SPY
Labor Market Slack Weak Wage Growth

- Seekingalpha 2017-10-20 03:19:05

SPY
Ill Wind Hurricanes Impacts Employment Earnings

- Seekingalpha 2017-10-20 03:07:19

SPY
U S Tax Reform Taking Care Business

- Seekingalpha 2017-10-20 02:09:32

SPY
Book Profits 5 Major Equity Etfs Targets Reached

- Seekingalpha 2017-10-19 15:44:01

SPY
Pros Cons Trying Avoid Bear Markets

- Seekingalpha 2017-10-19 15:13:11

SPY
5 Careful Ways to Win with Options

- Zacks 2017-10-19 15:05:00

SPY
Black Swan Events Worry

- Seekingalpha 2017-10-19 14:07:25

SPY
Federal Reserve Never Printed Money Part Ii

- Seekingalpha 2017-10-19 12:15:37

SPY
Love Smell Chaos 3 30 Morning

- Seekingalpha 2017-10-19 11:59:10

SPY
Long May Run

- Seekingalpha 2017-10-19 11:54:25

SPY
Trade Index Fund Ge

- Seekingalpha 2017-10-19 11:43:54

SPY
New Lows Jobless Claims

- Seekingalpha 2017-10-19 10:46:20

SPY
Biotech Developer Stocks Best Wealth Builders Now

- Seekingalpha 2017-10-19 10:01:38

SPY
Mystery Stock Theater 3000

- Seekingalpha 2017-10-19 09:57:22

SPY
Weekly Unemployment Claims 22k Lowest Since 1973

- Seekingalpha 2017-10-19 09:56:42

SPY
Multimedia Weekly Digest Tax Man Cometh

- Seekingalpha 2017-10-19 09:30:55

SPY
Aerospace Defense Stocks Best Wealth Builders Now

- Seekingalpha 2017-10-19 08:43:02

SPY
Recession Watch October 2017

- Seekingalpha 2017-10-19 08:21:00

SPY
Wall Street Breakfast Yellen Heads Oval Office

- Seekingalpha 2017-10-19 07:00:44

SPY
Investors Listen Tolstoy Trump

- Seekingalpha 2017-10-19 06:51:01

SPY
Update Its Just Worth Mentioning

- Seekingalpha 2017-10-19 06:17:05

SPY
Hitting And T Park Performance Update

- Seekingalpha 2017-10-19 04:25:16

SPY
Kiss Dividend Strategy Worth 15 Percent Year

- Seekingalpha 2017-10-19 02:45:59

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK