Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. US Financial 15 Split's Revenue for the
six
months ended in Nov. 2022 was C$1.09 Mil. US Financial 15 Split's Total Assets for the quarter that ended in Nov. 2022 was C$13.50 Mil. Therefore, US Financial 15 Split's Asset Turnover for the quarter that ended in Nov. 2022 was 0.08.
Asset Turnover is linked to ROE % through Du Pont Formula. US Financial 15 Split's annualizedROE % for the quarter that ended in Nov. 2022 was %. It is also linked to ROA % through Du Pont Formula. US Financial 15 Split's annualizedROA % for the quarter that ended in Nov. 2022 was 14.31%.
US Financial 15 Split Asset Turnover Historical Data
The historical data trend for US Financial 15 Split'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.
Competitive Comparison of US Financial 15 Split's Asset Turnover
For the Asset Management subindustry, US Financial 15 Split'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.
US Financial 15 Split's Asset Turnover Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, US Financial 15 Split's Asset Turnover distribution charts can be found below:
* The bar in red indicates where US Financial 15 Split's Asset Turnover falls into.
US Financial 15 Split Asset Turnover Calculation
Asset Turnover measures how quickly a company turns over its asset through sales.
US Financial 15 Split's Asset Turnover for the fiscal year that ended in Nov. 2023 is calculated as
* 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.
US Financial 15 Split (TSX:FTU) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
US Financial 15 Split's annulizedROE % for the quarter that ended in Nov. 2022 is
Note:
The Net Income data used here is two times the semi-annual (Nov. 2022) net income data. The Revenue data used here is two times the semi-annual (Nov. 2022) 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:
US Financial 15 Split's annulizedROA % for the quarter that ended in Nov. 2022 is
Note:
The Net Income data used here is two times the semi-annual (Nov. 2022) net income data. The Revenue data used here is two times the semi-annual (Nov. 2022) 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.
US Financial 15 Split Asset Turnover Related Terms
Thank you for viewing the detailed overview of US Financial 15 Split's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
US Financial 15 Split (TSX:FTU) Business Description
US Financial 15 Split Corp is an investment company. It is an independent investment management firm that is focused on the creation and management of enhanced yield products for retail investors. Its products consist of income financial trust, m-split corp, commerce split corp, and others. The company offers two types of shares that are preferred shares and class A shares.
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