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IAC (IAC) Asset Turnover : 0.10 (As of Dec. 2023)


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What is IAC Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. IAC's Revenue for the three months ended in Dec. 2023 was $1,058 Mil. IAC's Total Assets for the quarter that ended in Dec. 2023 was $10,195 Mil. Therefore, IAC's Asset Turnover for the quarter that ended in Dec. 2023 was 0.10.

Asset Turnover is linked to ROE % through Du Pont Formula. IAC's annualized ROE % for the quarter that ended in Dec. 2023 was 22.19%. It is also linked to ROA % through Du Pont Formula. IAC's annualized ROA % for the quarter that ended in Dec. 2023 was 12.86%.


IAC Asset Turnover Historical Data

The historical data trend for IAC'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.

IAC Asset Turnover Chart

IAC Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 0.46 0.42 0.35 0.46 0.42

IAC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.12 0.10 0.10 0.11 0.10

Competitive Comparison of IAC's Asset Turnover

For the Internet Content & Information subindustry, IAC'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.


IAC's Asset Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, IAC's Asset Turnover distribution charts can be found below:

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



IAC Asset Turnover Calculation

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

IAC'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 )
=4365.235/( (10393.635+10371.177)/ 2 )
=4365.235/10382.406
=0.42

IAC's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=1058.034/( (10018.172+10371.177)/ 2 )
=1058.034/10194.6745
=0.10

* 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.


IAC  (NAS:IAC) Asset Turnover Explanation

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

IAC's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=1311/5909.323
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1311 / 4232.136)*(4232.136 / 10194.6745)*(10194.6745/ 5909.323)
=Net Margin %*Asset Turnover*Equity Multiplier
=30.98 %*0.4151*1.7252
=ROA %*Equity Multiplier
=12.86 %*1.7252
=22.19 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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:

IAC's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=1311/10194.6745
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1311 / 4232.136)*(4232.136 / 10194.6745)
=Net Margin %*Asset Turnover
=30.98 %*0.4151
=12.86 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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.


IAC Asset Turnover Related Terms

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


IAC (IAC) Business Description

Traded in Other Exchanges
Address
555 West 18th Street, New York, NY, USA, 10011
IAC is an internet media company with segments that include Angi (47% of total revenue), Dotdash (10%), search (24%), and emerging and other (19%). The firm spun off the narrow-moat dating app provider Match Group in second-quarter 2020 and the no-moat video software provider Vimeo in second-quarter 2021.
Executives
Erik Bradbury officer: SVP AND CONTROLLER (CAO) 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Kendall Handler officer: EVP & CLO IAC/INTERACTIVECORP, 555 WEST 18TH STREET, NEW YORK NY 10011
Michael D Eisner director C/O WALT DISNEY CO, 500 S BUENA VISTA STREET, BURBANK CA 91521-1010
Westley Moore director 325 WEST HURON STREET, SUITE 412, CHICAGO IL 60654
Christopher Halpin officer: EVP & CFO IAC/INTERACTIVECORP, 555 WEST 18TH STREET, NEW YORK NY 10011
Michael H Schwerdtman officer: SVP and Controller (CAO) C/O IAC/INTERACTIVECORP, 152 WEST 57TH STREET, 42ND FLOOR, NEW YORK NY 10019
David S Rosenblatt director C/O DOUBLECLICK INC.,, 111 EIGHTH AVENUE, NEW YORK NY 10011
Bryan Lourd director C/O CAA, 9830 WILSHIRE BLVD, BEVERLY HILLS CA 90212
Glenn Schiffman director, officer: EVP & CFO 555 WEST 18TH STREET, NEW YORK NY 10011
Gregg Winiarski director, officer: EVP and GC IAC/INTERACTIVECORP, 555 WEST 18TH STREET, NEW YORK NY 10011
Mark J Stein officer: EVP & CSO ONE BRIDGE STREET, SUITE 42, IRVINGTON NY 10069
Bonnie S Hammer director 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Joseph Levin officer: CEO C/O IAC/INTERACTIVECORP, 555 WEST 18TH STREET, NEW YORK NY 10011
Richard F Zannino director C/O IAC/INTERACTIVECORP, 555 WEST 18TH STREET, NEW YORK NY 10011
Alan G Spoon director 1150 15TH ST NW, WASHINGTON DC 20071