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Rush Street Interactive (Rush Street Interactive) Asset Turnover : 0.66 (As of Mar. 2024)


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What is Rush Street Interactive Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Rush Street Interactive's Revenue for the three months ended in Mar. 2024 was $217.4 Mil. Rush Street Interactive's Total Assets for the quarter that ended in Mar. 2024 was $330.0 Mil. Therefore, Rush Street Interactive's Asset Turnover for the quarter that ended in Mar. 2024 was 0.66.

Asset Turnover is linked to ROE % through Du Pont Formula. Rush Street Interactive's annualized ROE % for the quarter that ended in Mar. 2024 was -5.08%. It is also linked to ROA % through Du Pont Formula. Rush Street Interactive's annualized ROA % for the quarter that ended in Mar. 2024 was -0.88%.


Rush Street Interactive Asset Turnover Historical Data

The historical data trend for Rush Street Interactive'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.

Rush Street Interactive Asset Turnover Chart

Rush Street Interactive Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
2.50 1.67 1.36 1.56 2.07

Rush Street Interactive Quarterly Data
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 0.49 0.54 0.56 0.61 0.66

Competitive Comparison of Rush Street Interactive's Asset Turnover

For the Gambling subindustry, Rush Street Interactive'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.


Rush Street Interactive's Asset Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Rush Street Interactive's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Rush Street Interactive's Asset Turnover falls into.



Rush Street Interactive Asset Turnover Calculation

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

Rush Street Interactive'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 )
=691.161/( (350.346+318.58)/ 2 )
=691.161/334.463
=2.07

Rush Street Interactive'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 )
=217.428/( (318.58+341.39)/ 2 )
=217.428/329.985
=0.66

* 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.


Rush Street Interactive  (NYSE:RSI) Asset Turnover Explanation

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

Rush Street Interactive's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-2.908/57.2925
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-2.908 / 869.712)*(869.712 / 329.985)*(329.985/ 57.2925)
=Net Margin %*Asset Turnover*Equity Multiplier
=-0.33 %*2.6356*5.7597
=ROA %*Equity Multiplier
=-0.88 %*5.7597
=-5.08 %

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:

Rush Street Interactive's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-2.908/329.985
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-2.908 / 869.712)*(869.712 / 329.985)
=Net Margin %*Asset Turnover
=-0.33 %*2.6356
=-0.88 %

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.


Rush Street Interactive Asset Turnover Related Terms

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


Rush Street Interactive (Rush Street Interactive) Business Description

Traded in Other Exchanges
N/A
Address
900 North Michigan Avenue, Suite 950, Chicago, IL, USA, 60611
Rush Street Interactive Inc is an online gaming and entertainment company that focuses primarily on online casinos and online sports betting in the U.S. and Latin American markets. It provides customers with an array of gaming offerings such as real-money online casinos, online sports betting, and retail sports betting, as well as social gaming, which involves free-to-play games that use virtual credits that can be earned or purchased. The company generates revenue by offering online casinos, online sports betting, and social gaming directly to the end customer through its websites or apps. The company generates revenue through business-to-consumer (B2C) and business-to-business (B2B) models.
Executives
Kyle Sauers officer: Chief Financial Officer C/O ECHO GLOBAL LOGISTICS, 600 W. CHICAGO AVENUE, SUITE 725, CHICAGO IL 60654
Mattias Stetz officer: Chief Operating Officer C/O RUSH STREET INTERACTIVE, LP, 900 N. MICHIGAN AVENUE, SUITE 1600, CHICAGO IL 60611
Richard Todd Schwartz officer: President C/O RUSH STREET INTERACTIVE, LP, 900 N. MICHIGAN AVENUE, SUITE 1600, CHICAGO IL 60610
Neil Bluhm director, 10 percent owner 900 NORTH MICHIGAN AVENUE, SUITE 1900, CHICAGO IL 60611
Gregory A Carlin director, 10 percent owner, officer: Chief Executive Officer C/O NEAL GERBER & EISENBERG, 2 N. LASALLE STREET, SUITE 1700, CHICAGO IL 60602
Daniel W Yih director C/O STARWOOD HOTELS & RESORTS WORLDWIDE, 44 SOUTH BROADWAY, WHITE PLAINS NY 10601
Paul Wierbicki director C/O RUSH STREET INTERACTIVE, LP, 900 N. MICHIGAN AVENUE, SUITE 1600, CHICAGO IL 60610
Masi Niccolo De officer: Chief Executive Officer 500 HOWARD ST., SUITE 300, SAN FRANCISCO CA 94105
Harry L. You director, 10 percent owner, officer: Chairman EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Sheli Z Rosenberg director C/O EQUITY GROUP INVESTMENTS, L.L.C., TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Leslie N Bluhm director 900 NORTH MICHIGAN AVE, CHICAGO IL 60611
Einar Roosileht officer: Chief Information Officer C/O RUSH STREET INTERACTIVE, LP, 900 N. MICHIGAN AVENUE, SUITE 1600, CHICAGO IL 60610
James Alan Gordon director C/O RUSH STREET INTERACTIVE, LP, 900 N. MICHIGAN AVENUE, SUITE 1600, CHICAGO IL 60610
Judith Gold director C/O RUSH STREET INTERACTIVE, LP, 900 N. MICHIGAN AVENUE, SUITE 1600, CHICAGO IL 60610
Ngb 2016 Revocable Trust director, 10 percent owner 900 N. MICHIGAN AVENUE, SUITE 1600, CHICAGO IL 60611