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Inter Action (TSE:7725) Asset Turnover : 0.15 (As of Feb. 2024)


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What is Inter Action Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Inter Action's Revenue for the three months ended in Feb. 2024 was 円1,902 Mil. Inter Action's Total Assets for the quarter that ended in Feb. 2024 was 円12,423 Mil. Therefore, Inter Action's Asset Turnover for the quarter that ended in Feb. 2024 was 0.15.

Asset Turnover is linked to ROE % through Du Pont Formula. Inter Action's annualized ROE % for the quarter that ended in Feb. 2024 was 10.80%. It is also linked to ROA % through Du Pont Formula. Inter Action's annualized ROA % for the quarter that ended in Feb. 2024 was 9.01%.


Inter Action Asset Turnover Historical Data

The historical data trend for Inter Action'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.

Inter Action Asset Turnover Chart

Inter Action Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.94 0.70 0.62 0.52 0.57

Inter Action Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 0.14 0.14 0.10 0.15

Competitive Comparison of Inter Action's Asset Turnover

For the Electronic Components subindustry, Inter Action'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.


Inter Action's Asset Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Inter Action's Asset Turnover distribution charts can be found below:

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



Inter Action Asset Turnover Calculation

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

Inter Action's Asset Turnover for the fiscal year that ended in May. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: May. 2023 )/( (Total Assets (A: May. 2022 )+Total Assets (A: May. 2023 ))/ count )
=6856.988/( (11533.308+12610.159)/ 2 )
=6856.988/12071.7335
=0.57

Inter Action's Asset Turnover for the quarter that ended in Feb. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Feb. 2024 )/( (Total Assets (Q: Nov. 2023 )+Total Assets (Q: Feb. 2024 ))/ count )
=1901.745/( (12398.358+12448.562)/ 2 )
=1901.745/12423.46
=0.15

* 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.


Inter Action  (TSE:7725) Asset Turnover Explanation

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

Inter Action's annulized ROE % for the quarter that ended in Feb. 2024 is

ROE %**(Q: Feb. 2024 )
=Net Income/Total Stockholders Equity
=1118.98/10363.6435
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1118.98 / 7606.98)*(7606.98 / 12423.46)*(12423.46/ 10363.6435)
=Net Margin %*Asset Turnover*Equity Multiplier
=14.71 %*0.6123*1.1988
=ROA %*Equity Multiplier
=9.01 %*1.1988
=10.80 %

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

Inter Action's annulized ROA % for the quarter that ended in Feb. 2024 is

ROA %(Q: Feb. 2024 )
=Net Income/Total Assets
=1118.98/12423.46
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1118.98 / 7606.98)*(7606.98 / 12423.46)
=Net Margin %*Asset Turnover
=14.71 %*0.6123
=9.01 %

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


Inter Action Asset Turnover Related Terms

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Inter Action (TSE:7725) Business Description

Traded in Other Exchanges
Address
1-1, Fukuura, Kanazawa-ku, Yokohama-shi, Kanagawa-ken, JPN, 236-0004
Inter Action Corp is engaged in IoT related business, environmental energy business which include drying and deodorizing equipment for exhaust gas treatment equipment, and industry 4.0 promotion project which include precision anti-vibration device, 3D modelling design, and gear testing machine.

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