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Sotsu Co (Sotsu Co) Asset Turnover : 0.13 (As of Nov. 2019)


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What is Sotsu Co Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Sotsu Co's Revenue for the three months ended in Nov. 2019 was $33.73 Mil. Sotsu Co's Total Assets for the quarter that ended in Nov. 2019 was $257.02 Mil. Therefore, Sotsu Co's Asset Turnover for the quarter that ended in Nov. 2019 was 0.13.

Asset Turnover is linked to ROE % through Du Pont Formula. Sotsu Co's annualized ROE % for the quarter that ended in Nov. 2019 was 8.21%. It is also linked to ROA % through Du Pont Formula. Sotsu Co's annualized ROA % for the quarter that ended in Nov. 2019 was 6.83%.


Sotsu Co Asset Turnover Historical Data

The historical data trend for Sotsu Co'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.

Sotsu Co Asset Turnover Chart

Sotsu Co Annual Data
Trend Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.99 1.11 0.78 0.65 0.54

Sotsu Co Quarterly Data
Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19
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 0.12 0.14 0.14 0.14 0.13

Competitive Comparison of Sotsu Co's Asset Turnover

For the Entertainment subindustry, Sotsu Co'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.


Sotsu Co's Asset Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Sotsu Co's Asset Turnover distribution charts can be found below:

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



Sotsu Co Asset Turnover Calculation

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

Sotsu Co's Asset Turnover for the fiscal year that ended in Aug. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Aug. 2019 )/( (Total Assets (A: Aug. 2018 )+Total Assets (A: Aug. 2019 ))/ count )
=135.79/( (240.326+260.474)/ 2 )
=135.79/250.4
=0.54

Sotsu Co's Asset Turnover for the quarter that ended in Nov. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Nov. 2019 )/( (Total Assets (Q: Aug. 2019 )+Total Assets (Q: Nov. 2019 ))/ count )
=33.731/( (260.474+253.571)/ 2 )
=33.731/257.0225
=0.13

* 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.


Sotsu Co  (GREY:STUAF) Asset Turnover Explanation

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

Sotsu Co's annulized ROE % for the quarter that ended in Nov. 2019 is

ROE %**(Q: Nov. 2019 )
=Net Income/Total Stockholders Equity
=17.552/213.8455
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(17.552 / 134.924)*(134.924 / 257.0225)*(257.0225/ 213.8455)
=Net Margin %*Asset Turnover*Equity Multiplier
=13.01 %*0.525*1.2019
=ROA %*Equity Multiplier
=6.83 %*1.2019
=8.21 %

Note: The Net Income data used here is four times the quarterly (Nov. 2019) net income data. The Revenue data used here is four times the quarterly (Nov. 2019) 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:

Sotsu Co's annulized ROA % for the quarter that ended in Nov. 2019 is

ROA %(Q: Nov. 2019 )
=Net Income/Total Assets
=17.552/257.0225
=(Net Income / Revenue)*(Revenue / Total Assets)
=(17.552 / 134.924)*(134.924 / 257.0225)
=Net Margin %*Asset Turnover
=13.01 %*0.525
=6.83 %

Note: The Net Income data used here is four times the quarterly (Nov. 2019) net income data. The Revenue data used here is four times the quarterly (Nov. 2019) 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.


Sotsu Co Asset Turnover Related Terms

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Sotsu Co (Sotsu Co) Business Description

Traded in Other Exchanges
N/A
Address
2-4-1, Hamamatsu-Cho, Minato-Ku, Tokyo, JPN, 105-6126
Sotsu Co Ltd operates as an entertainment company in Japan. It works in Media division, Rights division, and Sports division. The Media division produces animations by planning and creating animated programmes with animation production companies. The Rights business division provides merchandising licenses for the animation characters to its partner companies including toy, game, food, miscellaneous goods, and apparel manufacturers among others, and the Sport business promote the merchandising of the baseball team's products and act as a copyright contract agency for professional baseball teams, and sell the merchandise to baseball team goods stores both inside and outside the stadium.

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