Take-Two Interactive Software (NAS:TTWO) Asset Turnover

: 0.08 (As of Jun. 2023)

View and export this data going back to 1997. Start your Free Trial

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Take-Two Interactive Software's Revenue for the three months ended in Jun. 2023 was $1,285 Mil. Take-Two Interactive Software's Total Assets for the quarter that ended in Jun. 2023 was $15,694 Mil. Therefore, Take-Two Interactive Software's Asset Turnover for the quarter that ended in Jun. 2023 was 0.08.

Asset Turnover is linked to ROE % through Du Pont Formula. Take-Two Interactive Software's annualized ROE % for the quarter that ended in Jun. 2023 was -9.16%. It is also linked to ROA % through Du Pont Formula. Take-Two Interactive Software's annualized ROA % for the quarter that ended in Jun. 2023 was -5.25%.

Take-Two Interactive Software Asset Turnover Historical Data

The historical data trend for Take-Two Interactive Software'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.

Take-Two Interactive Software Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Asset Turnover

0.67

0.62

0.56

0.48

Take-Two Interactive Software Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Asset Turnover																0.09	0.08	0.08	0.09	0.08

Competitive Comparison

For the Electronic Gaming & Multimedia subindustry, Take-Two Interactive Software'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.

Annual Data Quarterly Data

Take-Two Interactive Software Asset Turnover Distribution

For the Interactive Media industry and Communication Services sector, Take-Two Interactive Software's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Take-Two Interactive Software's Asset Turnover falls in comparison to its industry or sector. The grey bar indicates the Asset Turnover's extreme value range as defined by GuruFocus.

Take-Two Interactive Software Asset Turnover Calculation

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

Take-Two Interactive Software's Asset Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Mar. 2023 )	/	( (Total Assets (A: Mar. 2022 )	+	Total Assets (A: Mar. 2023 ))	/ count )
=	5349.9	/	( (6546.3	+	15862.1)	/ 2 )
=	5349.9	/	11204.2
=	0.48

Take-Two Interactive Software's Asset Turnover for the quarter that ended in Jun. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	1284.7	/	( (15862.1	+	15525.3)	/ 2 )
=	1284.7	/	15693.7
=	0.08

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.

Take-Two Interactive Software (NAS:TTWO) Asset Turnover Explanation

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

Take-Two Interactive Software's annulized ROE % for the quarter that ended in Jun. 2023 is

	ROE %^**		(Q: Jun. 2023 )
=	Net Income	/	Total Stockholders Equity
=	-824	/	8991.35
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-824 / 5138.8)	*	(5138.8 / 15693.7)	*	(15693.7/ 8991.35)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-16.03 %	*	0.3274	*	1.7454
=	ROA %	*	Equity Multiplier
=	-5.25 %	*	1.7454
=	-9.16 %

Note: The Net Income data used here is four times the quarterly (Jun. 2023) net income data. The Revenue data used here is four times the quarterly (Jun. 2023) revenue data.

^** 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:

Take-Two Interactive Software's annulized ROA % for the quarter that ended in Jun. 2023 is

	ROA %		(Q: Jun. 2023 )
=	Net Income	/	Total Assets
=	-824	/	15693.7
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-824 / 5138.8)	*	(5138.8 / 15693.7)
=	Net Margin %	*	Asset Turnover
=	-16.03 %	*	0.3274
=	-5.25 %

Note: The Net Income data used here is four times the quarterly (Jun. 2023) net income data. The Revenue data used here is four times the quarterly (Jun. 2023) revenue data.

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.

Take-Two Interactive Software Asset Turnover Related Terms

Thank you for viewing the detailed overview of Take-Two Interactive Software's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Take-Two Interactive Software (NAS:TTWO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Take-Two Interactive Software Inc (NAS:TTWO) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

TTWO:Mexico TKE:Germany T1TW34:Brazil TTWO:Austria

Address

110 West 44th Street, New York, NY, USA, 10036

Website

https://www.take2games.com

Found in 1993, Take-Two consists of three wholly owned labels, Rockstar Games, 2K, and Zynga. The firm is one of the world's largest independent video game publishers on consoles, PCs, smartphones, and tablets. Take-Two's franchise portfolio is headlined by "Grand Theft Auto" (345 million units sold) and contains other well-known titles such as "NBA 2K," "Civilization," "Borderlands," "Bioshock," and "Xcom." Zynga mobile titles include "Farmville," "Empires & Puzzles," and "CSR Racing.

Executives

William B Gordon	director
Ellen F Siminoff	director	555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Roland A Hernandez	director	300 NORTH SAN RAFAEL AVE, PASADENA CA 91105
Paul E Viera	director	C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 110 WEST 44TH STREET, NEW YORK NY 10036
Laverne Evans Srinivasan	director	C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 622 BROADWAY, NEW YORK NY 10012
Daniel P Emerson	officer: General Counsel	622 BROADWAY, NEW YORK NY 10012
Susan Tolson	director	C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 622 BROADWAY, NEW YORK NY 10019
Benjamim Feder	officer: Chief Executive Officer	C/O ZELNICKMEDIA CORPORATION, 650 5TH AVENUE, NEW YORK NY 10019
Karl Slatoff	officer: Executive Vice President	C/O ZELNICKMEDIA CORPORATION, 19 WEST 44TH STREET, 18TH FLOOR, NEW YORK NY 10036
Brett Icahn	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
James Larry Nelson	director	2747 PARADISE ROAD, PH2804, LAS VEGAS NV 89109
Sunghwan Cho	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Strauss Zelnick	director, officer: Executive Chairman	C/O ZELNICKMEDIA, 650 FIFTH AVE 31ST FLOOR, NEW YORK NY 10019
Lainie Goldstein	officer: Chief Financial Officer	C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 622 BROADWAY, NEW YORK NY 10012
Seth D Krauss	officer: Exec VP and General Counsel	C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 222 BROADWAY, NEW YORK NY 10012