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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Vonage Holdings's Revenue for the three months ended in Mar. 2022 was $359 Mil. Vonage Holdings's Total Assets for the quarter that ended in Mar. 2022 was $1,385 Mil. Therefore, Vonage Holdings's Asset Turnover for the quarter that ended in Mar. 2022 was 0.26.
Asset Turnover is linked to ROE % through Du Pont Formula. Vonage Holdings's annualized ROE % for the quarter that ended in Mar. 2022 was -11.48%. It is also linked to ROA % through Du Pont Formula. Vonage Holdings's annualized ROA % for the quarter that ended in Mar. 2022 was -4.94%.
The historical data trend for Vonage Holdings'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.
Vonage Holdings Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 1.12 | 0.99 | 0.91 | 0.90 | 1.01 |
Vonage Holdings Quarterly Data | ||||||||||||||||||||
Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | |
Asset Turnover | Get a 7-Day Free Trial | 0.24 | 0.25 | 0.26 | 0.26 | 0.26 |
For the Telecom Services subindustry, Vonage Holdings'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.
For the Telecommunication Services industry and Communication Services sector, Vonage Holdings's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Vonage Holdings's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Vonage Holdings's Asset Turnover for the fiscal year that ended in Dec. 2021 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Dec. 2021 ) | / | ( (Total Assets (A: Dec. 2020 ) | + | Total Assets (A: Dec. 2021 )) | / count ) |
= | 1409.015 | / | ( (1395.836 | + | 1388.144) | / 2 ) |
= | 1409.015 | / | 1391.99 | |||
= | 1.01 |
Vonage Holdings's Asset Turnover for the quarter that ended in Mar. 2022 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Mar. 2022 ) | / | ( (Total Assets (Q: Dec. 2021 ) | + | Total Assets (Q: Mar. 2022 )) | / count ) |
= | 358.828 | / | ( (1388.144 | + | 1382.456) | / 2 ) |
= | 358.828 | / | 1385.3 | |||
= | 0.26 |
* 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.
Vonage Holdings (NAS:VG) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Vonage Holdings's annulized ROE % for the quarter that ended in Mar. 2022 is
ROE %** | (Q: Mar. 2022 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -68.488 | / | 596.5105 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-68.488 / 1435.312) | * | (1435.312 / 1385.3) | * | (1385.3/ 596.5105) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -4.77 % | * | 1.0361 | * | 2.3223 |
= | ROA % | * | Equity Multiplier | ||
= | -4.94 % | * | 2.3223 | ||
= | -11.48 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2022) net income data. The Revenue data used here is four times the quarterly (Mar. 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:
Vonage Holdings's annulized ROA % for the quarter that ended in Mar. 2022 is
ROA % | (Q: Mar. 2022 ) | ||
= | Net Income | / | Total Assets |
= | -68.488 | / | 1385.3 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-68.488 / 1435.312) | * | (1435.312 / 1385.3) |
= | Net Margin % | * | Asset Turnover |
= | -4.77 % | * | 1.0361 |
= | -4.94 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2022) net income data. The Revenue data used here is four times the quarterly (Mar. 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.
Thank you for viewing the detailed overview of Vonage Holdings's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Vinod Lala | officer: SVP Corporate Development | 23 MAIN STREET C/O VONAGE HOLDINGS CORP. HOLMDEL NJ 07733 |
Randy K. Rutherford | officer: Interim Chief Legal Officer | C/O VONAGE HOLDINGS CORP. 23 MAIN STREET HOLMDEL NJ 07733 |
Rory P Read | director, officer: Chief Executive Officer | ONE DELL WAY, ROUND ROCK TX 78682 |
Joy Corso | officer: Chief Marketing Officer | C/O VONAGE HOLDINGS CORP. 23 MAIN STREET HOLMDEL NJ 07733 |
Jeffrey A Citron | director, 10 percent owner, officer: Chairman and Chief Strategist | VONAGE HOLDING CORP. 23 MAIN STREET HOLMDEL NJ 07733 |
Ward Jr Stephen M | director | C/O CARPENTER TECHNOLOGY CORP, PO BOX 14662, READING PA 19612 |
Omar Muhammad Javaid | officer: Chief Product Officer | C/O VONAGE HOLDINGS CORP.,23 MAIN STREET HOLMDEL NJ 07733 |
Savinay M Berry | officer: EVP, Product & Engineering | C/O VONAGE HOLDINGS CORP. 23 MAIN STREET HOLMDEL NJ 07733 |
Stephen L Lasher | officer: Chief Financial Officer | C/O VONAGE HOLDINGS CORP. 23 MAIN STREET HOLMDEL NJ 07733 |
Joseph Anthony Bellissimo | officer: Chief Operating Officer | C/O VONAGE HOLDINGS CORP. 23 MAIN STREET HOLMDEL NJ 07733 |
Timothy S Shaughnessy | officer: Chief Financial Officer | IBM CORPORATION, NEW ORCHARD ROAD, ARMONK NY 10504 |
David T. Pearson | officer: CFO & Treasurer | C/O VONAGE HOLDINGS CORP, 23 MAIN STREET, HOLMDEL NJ 07733 |
Vonage Holdings Corp | officer: Chief Marketing Officer | 101 CRAWFORDS CORNER ROAD SUITE 2416, 4TH FLOOR, BUILDING 2 HOLMDEL NJ 07733 |
Sagi Dudai | officer: SVP Software Engineering | 23 MAIN STREET C/O VONAGE HOLDINGS CORP. HOLMDEL NJ 07733 |
Tien Tzuo | director | C/O ZUORA, INC., 101 REDWOOD SHORES PARKWAY, REDWOOD CITY CA 94065 |
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