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Warsaw Stock Exchange (WAR:GPW) Asset Turnover : 0.09 (As of Jun. 2024)


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What is Warsaw Stock Exchange Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Warsaw Stock Exchange's Revenue for the three months ended in Jun. 2024 was zł120.9 Mil. Warsaw Stock Exchange's Total Assets for the quarter that ended in Jun. 2024 was zł1,377.3 Mil. Therefore, Warsaw Stock Exchange's Asset Turnover for the quarter that ended in Jun. 2024 was 0.09.

Asset Turnover is linked to ROE % through Du Pont Formula. Warsaw Stock Exchange's annualized ROE % for the quarter that ended in Jun. 2024 was 15.50%. It is also linked to ROA % through Du Pont Formula. Warsaw Stock Exchange's annualized ROA % for the quarter that ended in Jun. 2024 was 11.54%.


Warsaw Stock Exchange Asset Turnover Historical Data

The historical data trend for Warsaw Stock Exchange'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.

Warsaw Stock Exchange Asset Turnover Chart

Warsaw Stock Exchange Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.31 0.29 0.30 0.37

Warsaw Stock Exchange Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.09 0.09 0.09 0.09

Competitive Comparison of Warsaw Stock Exchange's Asset Turnover

For the Financial Data & Stock Exchanges subindustry, Warsaw Stock Exchange'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.


Warsaw Stock Exchange's Asset Turnover Distribution in the Capital Markets Industry

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

* The bar in red indicates where Warsaw Stock Exchange's Asset Turnover falls into.



Warsaw Stock Exchange Asset Turnover Calculation

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

Warsaw Stock Exchange's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=444.928/( (1182.256+1257.681)/ 2 )
=444.928/1219.9685
=0.36

Warsaw Stock Exchange's Asset Turnover for the quarter that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Jun. 2024 ))/ count )
=120.865/( (1360.769+1393.811)/ 2 )
=120.865/1377.29
=0.09

* 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.


Warsaw Stock Exchange  (WAR:GPW) Asset Turnover Explanation

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

Warsaw Stock Exchange's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=159.008/1025.858
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(159.008 / 483.46)*(483.46 / 1377.29)*(1377.29/ 1025.858)
=Net Margin %*Asset Turnover*Equity Multiplier
=32.89 %*0.351*1.3426
=ROA %*Equity Multiplier
=11.54 %*1.3426
=15.50 %

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

Warsaw Stock Exchange's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=159.008/1377.29
=(Net Income / Revenue)*(Revenue / Total Assets)
=(159.008 / 483.46)*(483.46 / 1377.29)
=Net Margin %*Asset Turnover
=32.89 %*0.351
=11.54 %

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


Warsaw Stock Exchange Asset Turnover Related Terms

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


Warsaw Stock Exchange Business Description

Traded in Other Exchanges
Address
ul. Ksiazeca 4, Warsaw, POL, 00-498
Warsaw Stock Exchange is a securities exchange based in Poland whose core activities include organizing exchange trading in financial instruments and activities related to such trading. The group also pursues activities in education, promotion, and information concerning the capital market. The company has traditionally generated listed interest from both local and regional European companies but primarily from small and medium-sized Polish companies. In addition to stock and bond offerings, the exchange also offers trading in debt instruments, derivatives, commodities, and structured products. Sales revenue is classified according to three main business segments: financial market, commodity market, and other.

Warsaw Stock Exchange Headlines

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