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Invesco Seniorome Trust (NYSE:VVR) Asset Turnover

: -0.02 (As of Aug. 2022)
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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. Invesco Seniorome Trust's Revenue for the six months ended in Aug. 2022 was $-22.72 Mil. Invesco Seniorome Trust's Total Assets for the quarter that ended in Aug. 2022 was $1,171.89 Mil. Therefore, Invesco Seniorome Trust's Asset Turnover for the quarter that ended in Aug. 2022 was -0.02.

Asset Turnover is linked to ROE % through Du Pont Formula. Invesco Seniorome Trust's annualized ROE % for the quarter that ended in Aug. 2022 was -7.11%. It is also linked to ROA % through Du Pont Formula. Invesco Seniorome Trust's annualized ROA % for the quarter that ended in Aug. 2022 was -4.11%.


Invesco Seniorome Trust Asset Turnover Historical Data

The historical data trend for Invesco Seniorome Trust'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.

Invesco Seniorome Trust Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22
Asset Turnover
0.03 0.02 0.01 0.03 0.04

Invesco Seniorome Trust Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22
Asset Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.03 0.06 0.03 0.01 -0.02

Competitive Comparison

For the Asset Management subindustry, Invesco Seniorome Trust'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.

   

Invesco Seniorome Trust Asset Turnover Distribution

For the Asset Management industry and Financial Services sector, Invesco Seniorome Trust's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Invesco Seniorome Trust'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.



Invesco Seniorome Trust Asset Turnover Calculation

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

Invesco Seniorome Trust's Asset Turnover for the fiscal year that ended in Feb. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Feb. 2022 )/( (Total Assets (A: Feb. 2021 )+Total Assets (A: Feb. 2022 ))/ count )
=51.791/( (1174.575+1251.712)/ 2 )
=51.791/1213.1435
=0.04

Invesco Seniorome Trust's Asset Turnover for the quarter that ended in Aug. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Aug. 2022 )/( (Total Assets (Q: Feb. 2022 )+Total Assets (Q: Aug. 2022 ))/ count )
=-22.72/( (1251.712+1092.067)/ 2 )
=-22.72/1171.8895
=-0.02

* 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.


Invesco Seniorome Trust  (NYSE:VVR) Asset Turnover Explanation

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

Invesco Seniorome Trust's annulized ROE % for the quarter that ended in Aug. 2022 is

ROE %**(Q: Aug. 2022 )
=Net Income/Total Stockholders Equity
=-48.174/677.6765
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-48.174 / -45.44)*(-45.44 / 1171.8895)*(1171.8895/ 677.6765)
=Net Margin %*Asset Turnover*Equity Multiplier
=106.02 %*-0.0388*1.7293
=ROA %*Equity Multiplier
=-4.11 %*1.7293
=-7.11 %

Note: The Net Income data used here is two times the semi-annual (Aug. 2022) net income data. The Revenue data used here is two times the semi-annual (Aug. 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:

Invesco Seniorome Trust's annulized ROA % for the quarter that ended in Aug. 2022 is

ROA %(Q: Aug. 2022 )
=Net Income/Total Assets
=-48.174/1171.8895
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-48.174 / -45.44)*(-45.44 / 1171.8895)
=Net Margin %*Asset Turnover
=106.02 %*-0.0388
=-4.11 %

Note: The Net Income data used here is two times the semi-annual (Aug. 2022) net income data. The Revenue data used here is two times the semi-annual (Aug. 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.


Invesco Seniorome Trust Asset Turnover Related Terms

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


Invesco Seniorome Trust (NYSE:VVR) Business Description

Invesco Seniorome Trust logo
Traded in Other Exchanges
N/A
Address
1555 Peachtree Street, N.E., Suite 1800, Atlanta, GA, USA, 30309
Invesco Senior Income Trust is a diversified, closed-end management investment company. The investment objective of the company is to provide a high level of current income, consistent with the preservation of capital. The company invests primarily in a portfolio of interests in floating or variable senior loans to corporations, partnerships, and other entities which operate in a variety of industries and geographic regions. It invests in various sectors such as business equipment and services, telecommunications, cable and satellite television, healthcare, chemicals and plastics, utilities, lodging and casinos, and others.
Executives
Melanie Ringold officer: SVP, CLO and Secretary 1555 PEACHTREE STREE NE, SUITE 1800, ATLANTA GA 30309
Terry Vacheron officer: Chief Financial Officer 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Bordewick James R Jr officer: Senior Officer & SVP C/O BANC OF AMERICA INVESTMENT ADVISORS, 100 FEDERAL STREET, BOSTON MA 02110
Benjamin Gruder officer: Co-CAO 1555 PEACHTREE STREET, NE SUITE 1800, ATLANTA GA 30309
Antonio Reina officer: Secretary 1555 PEACHTREE STREET NE SUITE 1800, ATLANTA GA 30309
Josh E Levit officer: Chief Compliance Officer 1555 PEACHTREE STREET NE SUITE 1800, ATLANTA GA 30309
Adrien Deberghes officer: Vice President,PFO & Treasurer 1555 PEACHTREE STREET NE SUITE 1800, ATLANTA GA 30309
Haley S Waldron officer: Chief Accounting Officer 1555 PEACHTREE STREET NE SUITE 1800, ATLANTA GA 30309
Laura Allison Dukes officer: SMD and CFO 780 JOHNSON FERRY ROAD, SUITE 800, ATLANTA GA 30342
Stephen William Swanson officer: Secretary and General Counsel 1555 PEACHTREE STREET NE, ATLANTA GA 30309
Tara Mcaleer officer: Chief Compliance Officer 1555 PEACHTREE STREET NE, ATLANTA GA 30309
Robert Phillip Drobny officer: Vice President 1555 PEACHTREE STREET NE, ATLANTA GA 30309
Mark William Gregson officer: Controller & Treasurer 1555 PEACHTREE STREET NE, ATLANTA GA 30309
Kevin M Carome director
Annette Lege director, officer: CFO & CAO 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309

Invesco Seniorome Trust (NYSE:VVR) Headlines

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