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GCM Grosvenor (GCM Grosvenor) Asset Turnover : 0.22 (As of Mar. 2024)


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What is GCM Grosvenor Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. GCM Grosvenor's Revenue for the three months ended in Mar. 2024 was $111.7 Mil. GCM Grosvenor's Total Assets for the quarter that ended in Mar. 2024 was $501.1 Mil. Therefore, GCM Grosvenor's Asset Turnover for the quarter that ended in Mar. 2024 was 0.22.

Asset Turnover is linked to ROE % through Du Pont Formula. GCM Grosvenor's annualized ROE % for the quarter that ended in Mar. 2024 was -31.45%. It is also linked to ROA % through Du Pont Formula. GCM Grosvenor's annualized ROA % for the quarter that ended in Mar. 2024 was 1.70%.


GCM Grosvenor Asset Turnover Historical Data

The historical data trend for GCM Grosvenor'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.

GCM Grosvenor Asset Turnover Chart

GCM Grosvenor Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 1.12 0.86 0.95 0.85 0.91

GCM Grosvenor Quarterly Data
Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.22 0.24 0.26 0.23 0.22

Competitive Comparison of GCM Grosvenor's Asset Turnover

For the Asset Management subindustry, GCM Grosvenor'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.


GCM Grosvenor's Asset Turnover Distribution in the Asset Management Industry

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

* The bar in red indicates where GCM Grosvenor's Asset Turnover falls into.



GCM Grosvenor Asset Turnover Calculation

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

GCM Grosvenor'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 )
=451.987/( (488.933+504.943)/ 2 )
=451.987/496.938
=0.91

GCM Grosvenor's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=111.68/( (504.943+497.304)/ 2 )
=111.68/501.1235
=0.22

* 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.


GCM Grosvenor  (NAS:GCMG) Asset Turnover Explanation

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

GCM Grosvenor's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=8.496/-27.0135
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(8.496 / 446.72)*(446.72 / 501.1235)*(501.1235/ -27.0135)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.9 %*0.8914*-18.5509
=ROA %*Equity Multiplier
=1.70 %*-18.5509
=-31.45 %

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

GCM Grosvenor's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=8.496/501.1235
=(Net Income / Revenue)*(Revenue / Total Assets)
=(8.496 / 446.72)*(446.72 / 501.1235)
=Net Margin %*Asset Turnover
=1.9 %*0.8914
=1.70 %

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


GCM Grosvenor Asset Turnover Related Terms

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


GCM Grosvenor (GCM Grosvenor) Business Description

Traded in Other Exchanges
N/A
Address
900 North Michigan Avenue, Suite 1100, Chicago, IL, USA, 60611
GCM Grosvenor Inc is a global alternative asset management firm. It invests on behalf of clients who seek allocations to alternative investments, such as private equity, infrastructure, real estate, credit, ESG and absolute return strategies. The company's offerings include multi-manager portfolios as well as portfolios of direct investments and co-investments. It also offers multi-client portfolios for investors who desire a turn-key solution for accessing alternative investments.
Executives
Pamela L Bentley officer: Chief Financial Officer C/O THE CARLYLE GROUP, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004
Sandra Hurse officer: Chief HR Officer C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Kathleen Patricia Sullivan officer: M D and Head of Accounting 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Adage Capital Partners Gp, L.l.c. 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Gcm Progress Llc 10 percent owner C/O GCM GROSVENOR, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Gcm Progress Subsidiary Llc 10 percent owner C/O GCM GROSVENOR, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Cf Finance Holdings Llc 10 percent owner 110 EAST 59TH STREET, NEW YORK NY 10022
Stephen Malkin director C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Francesca Cornelli director C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Angela Blanton director C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Gcm V, Llc 10 percent owner C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Grosvenor Holdings, L.l.c. 10 percent owner 900 NORTH MICHIGAN AVE, SUITE 1100, CHICAGO IL 60611
Jonathan Reisin Levin director, officer: President 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Frederick Pollock officer: Chief Investment Officer 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Michael Jay Sacks director, 10 percent owner, officer: Chief Executive Officer 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611