GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » ImPulse Growth AD (XBUL:IMP) » Definitions » Asset Turnover

ImPulse Growth AD (XBUL:IMP) Asset Turnover : 0.14 (As of Jun. 2024)


View and export this data going back to 2021. Start your Free Trial

What is ImPulse Growth AD Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. ImPulse Growth AD's Revenue for the six months ended in Jun. 2024 was лв1.17 Mil. ImPulse Growth AD's Total Assets for the quarter that ended in Jun. 2024 was лв8.52 Mil. Therefore, ImPulse Growth AD's Asset Turnover for the quarter that ended in Jun. 2024 was 0.14.

Asset Turnover is linked to ROE % through Du Pont Formula. ImPulse Growth AD's annualized ROE % for the quarter that ended in Jun. 2024 was 25.21%. It is also linked to ROA % through Du Pont Formula. ImPulse Growth AD's annualized ROA % for the quarter that ended in Jun. 2024 was 24.49%.


ImPulse Growth AD Asset Turnover Historical Data

The historical data trend for ImPulse Growth AD'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.

ImPulse Growth AD Asset Turnover Chart

ImPulse Growth AD Annual Data
Trend Dec21 Dec22 Dec23
Asset Turnover
0.01 0.01 -0.01

ImPulse Growth AD Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Asset Turnover Get a 7-Day Free Trial -0.09 0.11 0.08 -0.08 0.14

Competitive Comparison of ImPulse Growth AD's Asset Turnover

For the Capital Markets subindustry, ImPulse Growth AD'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.


ImPulse Growth AD's Asset Turnover Distribution in the Capital Markets Industry

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

* The bar in red indicates where ImPulse Growth AD's Asset Turnover falls into.



ImPulse Growth AD Asset Turnover Calculation

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

ImPulse Growth AD'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 )
=-0.048/( (6.373+7.939)/ 2 )
=-0.048/7.156
=-0.01

ImPulse Growth AD'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: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=1.167/( (7.939+9.094)/ 2 )
=1.167/8.5165
=0.14

* 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.


ImPulse Growth AD  (XBUL:IMP) Asset Turnover Explanation

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

ImPulse Growth AD's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=2.086/8.2755
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2.086 / 2.334)*(2.334 / 8.5165)*(8.5165/ 8.2755)
=Net Margin %*Asset Turnover*Equity Multiplier
=89.37 %*0.2741*1.0291
=ROA %*Equity Multiplier
=24.49 %*1.0291
=25.21 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) net income data. The Revenue data used here is two times the semi-annual (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:

ImPulse Growth AD's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=2.086/8.5165
=(Net Income / Revenue)*(Revenue / Total Assets)
=(2.086 / 2.334)*(2.334 / 8.5165)
=Net Margin %*Asset Turnover
=89.37 %*0.2741
=24.49 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) net income data. The Revenue data used here is two times the semi-annual (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.


ImPulse Growth AD Asset Turnover Related Terms

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


ImPulse Growth AD Business Description

Traded in Other Exchanges
N/A
Address
Patriarch Evtimiy Boulevard No.10, apartment 6, Sofia, BGR
ImPulse Growth AD is a Bulgarian-based company. Its activity consists of business and investment activities, including those related to the acquisition, management and disposal of shares in growing companies, including indirect participation in the capital of such companies through the acquisition of shares in companies, and managing equity portfolios.

ImPulse Growth AD Headlines

No Headlines