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Putnam Master Intermediateome Trust (Putnam Master Intermediateome Trust) Asset Turnover : 0.05 (As of Mar. 2024)


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What is Putnam Master Intermediateome Trust Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Putnam Master Intermediateome Trust's Revenue for the six months ended in Mar. 2024 was $13.15 Mil. Putnam Master Intermediateome Trust's Total Assets for the quarter that ended in Mar. 2024 was $273.86 Mil. Therefore, Putnam Master Intermediateome Trust's Asset Turnover for the quarter that ended in Mar. 2024 was 0.05.

Asset Turnover is linked to ROE % through Du Pont Formula. Putnam Master Intermediateome Trust's annualized ROE % for the quarter that ended in Mar. 2024 was 15.74%. It is also linked to ROA % through Du Pont Formula. Putnam Master Intermediateome Trust's annualized ROA % for the quarter that ended in Mar. 2024 was 9.42%.


Putnam Master Intermediateome Trust Asset Turnover Historical Data

The historical data trend for Putnam Master Intermediateome Trust'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.

Putnam Master Intermediateome Trust Asset Turnover Chart

Putnam Master Intermediateome Trust Annual Data
Trend Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Asset Turnover
Get a 7-Day Free Trial 0.03 -0.02 0.01 -0.04 0.01

Putnam Master Intermediateome Trust Semi-Annual Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 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 -0.01 -0.02 0.01 -0.01 0.05

Competitive Comparison of Putnam Master Intermediateome Trust's Asset Turnover

For the Asset Management subindustry, Putnam Master Intermediateome Trust'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.


Putnam Master Intermediateome Trust's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Putnam Master Intermediateome Trust's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Putnam Master Intermediateome Trust's Asset Turnover falls into.



Putnam Master Intermediateome Trust Asset Turnover Calculation

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

Putnam Master Intermediateome Trust's Asset Turnover for the fiscal year that ended in Sep. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Sep. 2023 )/( (Total Assets (A: Sep. 2022 )+Total Assets (A: Sep. 2023 ))/ count )
=3.238/( (413.068+308.18)/ 2 )
=3.238/360.624
=0.01

Putnam Master Intermediateome Trust'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: Sep. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=13.149/( (308.18+239.535)/ 2 )
=13.149/273.8575
=0.05

* 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.


Putnam Master Intermediateome Trust  (NYSE:PIM) Asset Turnover Explanation

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

Putnam Master Intermediateome Trust's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=25.808/163.965
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(25.808 / 26.298)*(26.298 / 273.8575)*(273.8575/ 163.965)
=Net Margin %*Asset Turnover*Equity Multiplier
=98.14 %*0.096*1.6702
=ROA %*Equity Multiplier
=9.42 %*1.6702
=15.74 %

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

Putnam Master Intermediateome Trust's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=25.808/273.8575
=(Net Income / Revenue)*(Revenue / Total Assets)
=(25.808 / 26.298)*(26.298 / 273.8575)
=Net Margin %*Asset Turnover
=98.14 %*0.096
=9.42 %

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


Putnam Master Intermediateome Trust Asset Turnover Related Terms

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


Putnam Master Intermediateome Trust (Putnam Master Intermediateome Trust) Business Description

Traded in Other Exchanges
N/A
Address
100 Federal Street, Boston, MA, USA, 02110
Putnam Master Intermediate Income Trust is a closed-end fund. Its investment objective is to provide high current income and relative stability of net asset value. The fund pursues its goal by investing in U.S. high-grade, high-yield, and international fixed-income securities with limited maturities. The fund's portfolio includes the United States Government and agency mortgage obligations; mortgage-backed securities; corporate bonds and notes, and foreign government and agency bonds and notes.
Executives
Stephen R Denny officer: Head HR- Diversity & Inclusion, other: Putnam Investments PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Manoj P Singh director PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109
Carlo Forcione officer: Head of Product and Strategy, other: Putnam Investments PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Catherine Saunders officer: Head,Corporate Sustainability, other: and Public Policy - Putnam Inv PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Mona Sutphen director 777 HIDDEN RIDGE, IRVING TX 75038
Jennifer Murphy director LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Marie Pillai director C/O PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Jacquelyn S Vanderbrug officer: Headof Sustainability Strategy, other: Putnam Investments PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Brendan T Murray officer: Head of Global Inv. Strategies, other: Putnam Investments PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Alan Mccormack officer: Vice President and, other: Derivatives Risk Manager PUTNAM INVESTMENTS, 16 ST. JAMES'S STREET, LONDON X0 SW1A 1ER
Martin Lemaire officer: Vice President and, other: Derivatives Risk Manager PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Steven P Mckay officer: Head of Global DCIO, other: Putnam Investments PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Kaitlin May officer: Head of Global Institutional, other: Management /Putnam Investments PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Stephen J Tate officer: General Counsel, other: Chief Legal Officer/Putnam Inv PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Brett Goldstein officer: Co-CIO Global Asset Allocation, other: Putnam Investments PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110

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