GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Value Line Inc (NAS:VALU) » Definitions » Asset Turnover

Value Line (Value Line) Asset Turnover : 0.07 (As of Jan. 2024)


View and export this data going back to 1983. Start your Free Trial

What is Value Line Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Value Line's Revenue for the three months ended in Jan. 2024 was $9.13 Mil. Value Line's Total Assets for the quarter that ended in Jan. 2024 was $132.44 Mil. Therefore, Value Line's Asset Turnover for the quarter that ended in Jan. 2024 was 0.07.

Asset Turnover is linked to ROE % through Du Pont Formula. Value Line's annualized ROE % for the quarter that ended in Jan. 2024 was 26.90%. It is also linked to ROA % through Du Pont Formula. Value Line's annualized ROA % for the quarter that ended in Jan. 2024 was 17.77%.


Value Line Asset Turnover Historical Data

The historical data trend for Value Line'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.

Value Line Asset Turnover Chart

Value Line Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.41 0.40 0.35 0.32 0.31

Value Line Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 0.08 0.08 0.07 0.07 0.07

Competitive Comparison of Value Line's Asset Turnover

For the Financial Data & Stock Exchanges subindustry, Value Line'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.


Value Line's Asset Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Value Line's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Value Line's Asset Turnover falls into.



Value Line Asset Turnover Calculation

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

Value Line's Asset Turnover for the fiscal year that ended in Apr. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Apr. 2023 )/( (Total Assets (A: Apr. 2022 )+Total Assets (A: Apr. 2023 ))/ count )
=39.695/( (128.743+131.076)/ 2 )
=39.695/129.9095
=0.31

Value Line's Asset Turnover for the quarter that ended in Jan. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jan. 2024 )/( (Total Assets (Q: Oct. 2023 )+Total Assets (Q: Jan. 2024 ))/ count )
=9.131/( (130.341+134.541)/ 2 )
=9.131/132.441
=0.07

* 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.


Value Line  (NAS:VALU) Asset Turnover Explanation

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

Value Line's annulized ROE % for the quarter that ended in Jan. 2024 is

ROE %**(Q: Jan. 2024 )
=Net Income/Total Stockholders Equity
=23.54/87.494
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(23.54 / 36.524)*(36.524 / 132.441)*(132.441/ 87.494)
=Net Margin %*Asset Turnover*Equity Multiplier
=64.45 %*0.2758*1.5137
=ROA %*Equity Multiplier
=17.77 %*1.5137
=26.90 %

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

Value Line's annulized ROA % for the quarter that ended in Jan. 2024 is

ROA %(Q: Jan. 2024 )
=Net Income/Total Assets
=23.54/132.441
=(Net Income / Revenue)*(Revenue / Total Assets)
=(23.54 / 36.524)*(36.524 / 132.441)
=Net Margin %*Asset Turnover
=64.45 %*0.2758
=17.77 %

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


Value Line Asset Turnover Related Terms

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


Value Line (Value Line) Business Description

Traded in Other Exchanges
N/A
Address
551 Fifth Avenue, 3rd Floor, New York, NY, USA, 10176-0001
Value Line Inc is a U.S based company. It produces investment periodicals based on underlying research and making available copyright data, including ranking system and other information, to third parties under written agreements for use in third-party managed and marketed investment products and for other purposes. The company markets under well-known brands including Value Line, the Value Line logo, The Value Line Investment Survey, Smart Research, Smarter Investing and The Most Trusted Name in Investment Research. Its only operating segment being Publishing.
Executives
Glenn J. Muenzer director 357 HARVARD COURT, EAST MEADOW NY 11554
Alfred R Fiore director 1 ANGORA ROAD, WESTPORT CT 06880
Howard A Brecher director, officer: Acting Chairman and Acting CEO VALUE LINE 220 E 42ND ST, SUITE 600, NEW YORK NY 10017
Stephen Anastasio officer: Chief Financial Officer 220 E 42ND STREET, NEW YORK NY 10017
William Edward Reed director 12 KNORR STREET, NORWALK CT 06854
Mary Bernstein director 220 E 42ND STREET, NEW YORK NY 10017
Stephen P Davis director 57 EAST 95TH STREET, NEW YORK NY 10128
Thomas Sarkany director, officer: Secretary 220 EAST 42ND STREET, 6TH FLOOR, NEW YORK NY 10017
Robert M. Perkins, director 220 EAST 42ND STREET, 6TH FLOOR, NEW YORK CITY NY 10017
Ruth O. Legon, director 220 EAST 42ND STREET, 6TH FLOOR, NEW YORK CITY NY 10017
Arnold Bernhard & Co Inc 10 percent owner 220 EAST 42ND STREET 6TH FLOOR, NEW YORK NY 10017
Janet Eakman director 220 E 42ND STREET, NEW YORK NY 10017
Mitchell Eric Appel officer: CFO VALUE LINE INC, 220 EAST 42ND STREET 6TH FLOOR, NEW YORK NY 10017
Edward J Shanahan director 220 EAST 42 STREET, NEW YORK NY 10017
Marianne B Asher director