GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Bridge Consulting Group Inc (TSE:9225) » Definitions » Asset Turnover

Bridge Consulting Group (TSE:9225) Asset Turnover : 0.38 (As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Bridge Consulting Group Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Bridge Consulting Group's Revenue for the three months ended in Mar. 2024 was 円498 Mil. Bridge Consulting Group's Total Assets for the quarter that ended in Mar. 2024 was 円1,312 Mil. Therefore, Bridge Consulting Group's Asset Turnover for the quarter that ended in Mar. 2024 was 0.38.

Asset Turnover is linked to ROE % through Du Pont Formula. Bridge Consulting Group's annualized ROE % for the quarter that ended in Mar. 2024 was 20.83%. It is also linked to ROA % through Du Pont Formula. Bridge Consulting Group's annualized ROA % for the quarter that ended in Mar. 2024 was 14.88%.


Bridge Consulting Group Asset Turnover Historical Data

The historical data trend for Bridge Consulting Group'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.

Bridge Consulting Group Asset Turnover Chart

Bridge Consulting Group Annual Data
Trend Sep20 Sep21 Sep22 Sep23
Asset Turnover
1.17 1.53 1.62 1.56

Bridge Consulting Group Quarterly Data
Sep20 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.38 0.37 0.37 0.38 -

Competitive Comparison of Bridge Consulting Group's Asset Turnover

For the Specialty Business Services subindustry, Bridge Consulting Group'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.


Bridge Consulting Group's Asset Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Bridge Consulting Group's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Bridge Consulting Group's Asset Turnover falls into.



Bridge Consulting Group Asset Turnover Calculation

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

Bridge Consulting Group's Asset Turnover for the fiscal year that ended in Sep. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Sep. 2023 )/( (Total Assets (A: Sep. 2022 )+Total Assets (A: Sep. 2023 ))/ count )
=1654.667/( (869.819+1246.265)/ 2 )
=1654.667/1058.042
=1.56

Bridge Consulting Group's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=497.881/( (1258.933+1364.372)/ 2 )
=497.881/1311.6525
=0.38

* 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.


Bridge Consulting Group  (TSE:9225) Asset Turnover Explanation

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

Bridge Consulting Group's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=195.2/937.029
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(195.2 / 1991.524)*(1991.524 / 1311.6525)*(1311.6525/ 937.029)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.8 %*1.5183*1.3998
=ROA %*Equity Multiplier
=14.88 %*1.3998
=20.83 %

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

Bridge Consulting Group's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=195.2/1311.6525
=(Net Income / Revenue)*(Revenue / Total Assets)
=(195.2 / 1991.524)*(1991.524 / 1311.6525)
=Net Margin %*Asset Turnover
=9.8 %*1.5183
=14.88 %

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


Bridge Consulting Group Asset Turnover Related Terms

Thank you for viewing the detailed overview of Bridge Consulting Group's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Bridge Consulting Group Business Description

Traded in Other Exchanges
N/A
Address
4-1-40 Toranomon, 7th floor of Edomi Sakamori Building, Minato-ku, Tokyo, JPN
Bridge Consulting Group Inc provides professional services. The company's services includes Introduction of professional human resources, Introduction of professional human resources, and Consulting by certified accountants.

Bridge Consulting Group Headlines

No Headlines