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System Integrator (TSE:3826) Asset Turnover : 0.26 (As of Aug. 2024)


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What is System Integrator Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. System Integrator's Revenue for the three months ended in Aug. 2024 was 円1,198 Mil. System Integrator's Total Assets for the quarter that ended in Aug. 2024 was 円4,609 Mil. Therefore, System Integrator's Asset Turnover for the quarter that ended in Aug. 2024 was 0.26.

Asset Turnover is linked to ROE % through Du Pont Formula. System Integrator's annualized ROE % for the quarter that ended in Aug. 2024 was 9.21%. It is also linked to ROA % through Du Pont Formula. System Integrator's annualized ROA % for the quarter that ended in Aug. 2024 was 7.12%.


System Integrator Asset Turnover Historical Data

The historical data trend for System Integrator'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.

System Integrator Asset Turnover Chart

System Integrator Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.50 1.26 1.36 1.22 1.13

System Integrator Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 0.33 0.31 0.26 0.22 0.26

Competitive Comparison of System Integrator's Asset Turnover

For the Software - Application subindustry, System Integrator'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.


System Integrator's Asset Turnover Distribution in the Software Industry

For the Software industry and Technology sector, System Integrator's Asset Turnover distribution charts can be found below:

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



System Integrator Asset Turnover Calculation

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

System Integrator's Asset Turnover for the fiscal year that ended in Feb. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Feb. 2024 )/( (Total Assets (A: Feb. 2023 )+Total Assets (A: Feb. 2024 ))/ count )
=4835.591/( (3780.088+4752.783)/ 2 )
=4835.591/4266.4355
=1.13

System Integrator's Asset Turnover for the quarter that ended in Aug. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Aug. 2024 )/( (Total Assets (Q: May. 2024 )+Total Assets (Q: Aug. 2024 ))/ count )
=1198.453/( (4582.828+4635.967)/ 2 )
=1198.453/4609.3975
=0.26

* 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.


System Integrator  (TSE:3826) Asset Turnover Explanation

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

System Integrator's annulized ROE % for the quarter that ended in Aug. 2024 is

ROE %**(Q: Aug. 2024 )
=Net Income/Total Stockholders Equity
=327.992/3561.478
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(327.992 / 4793.812)*(4793.812 / 4609.3975)*(4609.3975/ 3561.478)
=Net Margin %*Asset Turnover*Equity Multiplier
=6.84 %*1.04*1.2942
=ROA %*Equity Multiplier
=7.12 %*1.2942
=9.21 %

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

System Integrator's annulized ROA % for the quarter that ended in Aug. 2024 is

ROA %(Q: Aug. 2024 )
=Net Income/Total Assets
=327.992/4609.3975
=(Net Income / Revenue)*(Revenue / Total Assets)
=(327.992 / 4793.812)*(4793.812 / 4609.3975)
=Net Margin %*Asset Turnover
=6.84 %*1.04
=7.12 %

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


System Integrator Asset Turnover Related Terms

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System Integrator Business Description

Traded in Other Exchanges
N/A
Address
7F, Issue Ramuza Tower, 1-10-1, Numakage, Minami-ku, 1-chome, Saitama City, JPN, 336-0027
System Integrator Corp is engaged in the development of package software and cloud service in Japan. It focuses on develop packages, customize development, cloud services, consulting and other products. It sells a wide variety of in-house products such as ERP, EC, Omni Channel, project management, database development, and design support tool, application design tool, and e-learning.

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