TPG Pace Beneficial II (TPG Pace Beneficial II) Asset Turnover : 0.00 (As of Dec. 2022)

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What is TPG Pace Beneficial II Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. TPG Pace Beneficial II's Revenue for the three months ended in Dec. 2022 was $0.00 Mil. TPG Pace Beneficial II's Total Assets for the quarter that ended in Dec. 2022 was $401.00 Mil. Therefore, TPG Pace Beneficial II's Asset Turnover for the quarter that ended in Dec. 2022 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. TPG Pace Beneficial II's annualized ROE % for the quarter that ended in Dec. 2022 was -0.68%. It is also linked to ROA % through Du Pont Formula. TPG Pace Beneficial II's annualized ROA % for the quarter that ended in Dec. 2022 was -0.65%.

TPG Pace Beneficial II Asset Turnover Historical Data

The historical data trend for TPG Pace Beneficial II'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.

TPG Pace Beneficial II Asset Turnover Chart

TPG Pace Beneficial II Annual Data

Trend

Dec21

Dec22

Asset Turnover

TPG Pace Beneficial II Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Asset Turnover	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of TPG Pace Beneficial II's Asset Turnover

For the Shell Companies subindustry, TPG Pace Beneficial II'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.

TPG Pace Beneficial II's Asset Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, TPG Pace Beneficial II's Asset Turnover distribution charts can be found below:

* The bar in red indicates where TPG Pace Beneficial II's Asset Turnover falls into.

TPG Pace Beneficial II Asset Turnover Calculation

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

TPG Pace Beneficial II's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Dec. 2022 )	/	( (Total Assets (A: Dec. 2021 )	+	Total Assets (A: Dec. 2022 ))	/ count )
=	0	/	( (402.523	+	400.616)	/ 2 )
=	0	/	401.5695
=	0.00

TPG Pace Beneficial II's Asset Turnover for the quarter that ended in Dec. 2022 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Dec. 2022 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Dec. 2022 ))	/ count )
=	0	/	( (401.39	+	400.616)	/ 2 )
=	0	/	401.003
=	0.00

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.

TPG Pace Beneficial II (NYSE:YTPG) Asset Turnover Explanation

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

TPG Pace Beneficial II's annulized ROE % for the quarter that ended in Dec. 2022 is

	ROE %^**		(Q: Dec. 2022 )
=	Net Income	/	Total Stockholders Equity
=	-2.604	/	384.9095
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-2.604 / 0)	*	(0 / 401.003)	*	(401.003/ 384.9095)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	%	*	0	*	1.0418
=	ROA %	*	Equity Multiplier
=	-0.65 %	*	1.0418
=	-0.68 %

Note: The Net Income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) revenue data.

^** 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:

TPG Pace Beneficial II's annulized ROA % for the quarter that ended in Dec. 2022 is

	ROA %		(Q: Dec. 2022 )
=	Net Income	/	Total Assets
=	-2.604	/	401.003
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-2.604 / 0)	*	(0 / 401.003)
=	Net Margin %	*	Asset Turnover
=	%	*	0
=	-0.65 %

Note: The Net Income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) revenue data.

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.

TPG Pace Beneficial II Asset Turnover Related Terms

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TPG Pace Beneficial II (TPG Pace Beneficial II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » TPG Pace Beneficial II Corp (NYSE:YTPG) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

301 Commerce Street, Suite 3300, Fort Worth, TX, USA, 76102

Website

https://www.tpg.com

TPG Pace Beneficial II Corp is a blank check company.

Executives

Jon Winkelried	director, 10 percent owner	C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004
Chad A Leat	director	C/O UNITED AMERICA INDEMNITY GROUP INC., 3 BALA PLAZA EAST, SUITE 300, BALA CYNWYD PA 19004
David Bonderman	director, 10 percent owner	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
James G Coulter	director, 10 percent owner	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Karl Mr. Peterson	director, 10 percent owner	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Mark Fields	director	FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126
Dr Kneeland Youngblood	director	C/O GAP, INC., 2 FOLSOM ST., SAN FRANCISCO CA 94105
Michael G. Macdougall	officer: President	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Eduardo Tamraz	officer: Secretary	C/O TPG PACE ENERGY HOLDINGS CORP., 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Martin Davidson	officer: Chief Financial Officer	C/O TPG PACE ENERGY HOLDINGS CORP., 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Anilu Vazquez-ubarri	director	C/O UPWORK INC., 2625 AUGUSTINE DRIVE, SUITE 601, SANTA CLARA CA 95054
Nancy Mahon	director	C/O TPG PACE BENEFICIAL FINANCE CORP., 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Maryanne Hancock	director	C/O TPG PACE HOLDINGS, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Tpg Pace Beneficial Ii Sponsor, Series Llc	director, 10 percent owner	C/O TPG PACE HOLDINGS, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Carlton Ellis	officer: Executive VP of Corp Dev	301 COMMERCE ST., SUITE 3300, FORT WORTH TX 76102

TPG Pace Beneficial II (TPG Pace Beneficial II) Headlines

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