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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. Citrix Systems's Revenue for the three months ended in Jun. 2022 was $860 Mil. Citrix Systems's Total Assets for the quarter that ended in Jun. 2022 was $6,939 Mil. Therefore, Citrix Systems's Asset Turnover for the quarter that ended in Jun. 2022 was 0.12.
Asset Turnover is linked to ROE % through Du Pont Formula. Citrix Systems's annualized ROE % for the quarter that ended in Jun. 2022 was 62.04%. It is also linked to ROA % through Du Pont Formula. Citrix Systems's annualized ROA % for the quarter that ended in Jun. 2022 was 6.66%.
The historical data trend for Citrix Systems'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.
Citrix Systems Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 0.46 | 0.54 | 0.63 | 0.70 | 0.54 |
Citrix Systems Quarterly Data | ||||||||||||||||||||
Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | |
Asset Turnover | Get a 7-Day Free Trial | 0.12 | 0.12 | 0.13 | 0.12 | 0.12 |
For the Software - Application subindustry, Citrix Systems'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 Software industry and Technology sector, Citrix Systems's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Citrix Systems's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Citrix Systems'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 ) |
= | 3217.17 | / | ( (4890.347 | + | 6975.517) | / 2 ) |
= | 3217.17 | / | 5932.932 | |||
= | 0.54 |
Citrix Systems's Asset Turnover for the quarter that ended in Jun. 2022 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Jun. 2022 ) | / | ( (Total Assets (Q: Mar. 2022 ) | + | Total Assets (Q: Jun. 2022 )) | / count ) |
= | 859.522 | / | ( (6866.476 | + | 7011.099) | / 2 ) |
= | 859.522 | / | 6938.7875 | |||
= | 0.12 |
* 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.
Citrix Systems (NAS:CTXS) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Citrix Systems's annulized ROE % for the quarter that ended in Jun. 2022 is
ROE %** | (Q: Jun. 2022 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 461.828 | / | 744.4575 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (461.828 / 3438.088) | * | (3438.088 / 6938.7875) | * | (6938.7875/ 744.4575) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 13.43 % | * | 0.4955 | * | 9.3206 |
= | ROA % | * | Equity Multiplier | ||
= | 6.66 % | * | 9.3206 | ||
= | 62.04 % |
Note: The Net Income data used here is four times the quarterly (Jun. 2022) net income data. The Revenue data used here is four times the quarterly (Jun. 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:
Citrix Systems's annulized ROA % for the quarter that ended in Jun. 2022 is
ROA % | (Q: Jun. 2022 ) | ||
= | Net Income | / | Total Assets |
= | 461.828 | / | 6938.7875 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (461.828 / 3438.088) | * | (3438.088 / 6938.7875) |
= | Net Margin % | * | Asset Turnover |
= | 13.43 % | * | 0.4955 |
= | 6.66 % |
Note: The Net Income data used here is four times the quarterly (Jun. 2022) net income data. The Revenue data used here is four times the quarterly (Jun. 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 Citrix Systems's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Jason Alexander Smith | officer: EVP & Chief Financial Officer | C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
Michael Arenth | officer: EVP, SaaS Strategy | C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
David J Henshall | officer: Senior Vice President and CFO | 18880 HOMESTEAD ROAD, CUPERTINO CA 95014 |
Sridhar Mullapudi | officer: EVP, Product Management | C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
Arlen Shenkman | officer: EVP & CFO | C/O CITRIX SYSTEMS, INC., 851 WEST CYRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
Mark J Ferrer | officer: EVP, Chief Revenue Officer | 45025 AVIATION DR, STE 300, DULLES VA 20166 |
Mark J. Schmitz | officer: EVP & Chief Operating Officer | C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
Timothy A. Minahan | officer: CMO | 13960 HAYSTACK LANE, MILTON GA 30004 |
Hector Lima | officer: EVP, Customer Experience | C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
Antonio G. Gomes | officer: SVP & General Counsel | 345 HARVARD STREET, UNIT 2AB, CAMBRIDGE MA 02138 |
Paul J. Hough | officer: SVP & Chief Product Officer | 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
Jessica Soisson | officer: VP & Corporate Controller | 9836 EQUUS CIRCLE, BOYNTON BEACH FL 33472 |
W. Joseph Kim | officer: EVP & Chief Technology Officer | 7171, AUSTIN TX 78735-6140 |
Donna Nappen Kimmel | officer: SVP & Chief People Officer | 529 PLEASANT STREET, MS B-7, ATTLEBORO MA 02703 |
Knowling Robert E Jr | director | C/O HEWLETT-PACKARD CO, 3000 HANOVER STREET, PALO ALTO CA 94304 |
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