GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Sylvamo Corp (NYSE:SLVM) » Definitions » Asset Turnover

Sylvamo (Sylvamo) Asset Turnover : 0.32 (As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Sylvamo Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Sylvamo's Revenue for the three months ended in Mar. 2024 was $905 Mil. Sylvamo's Total Assets for the quarter that ended in Mar. 2024 was $2,835 Mil. Therefore, Sylvamo's Asset Turnover for the quarter that ended in Mar. 2024 was 0.32.

Asset Turnover is linked to ROE % through Du Pont Formula. Sylvamo's annualized ROE % for the quarter that ended in Mar. 2024 was 19.22%. It is also linked to ROA % through Du Pont Formula. Sylvamo's annualized ROA % for the quarter that ended in Mar. 2024 was 6.07%.


Sylvamo Asset Turnover Historical Data

The historical data trend for Sylvamo'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.

Sylvamo Asset Turnover Chart

Sylvamo Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 1.16 0.75 1.03 1.37 1.33

Sylvamo Quarterly Data
Dec18 Dec19 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 0.34 0.33 0.32 0.34 0.32

Competitive Comparison of Sylvamo's Asset Turnover

For the Paper & Paper Products subindustry, Sylvamo'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.


Sylvamo's Asset Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Sylvamo's Asset Turnover distribution charts can be found below:

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



Sylvamo Asset Turnover Calculation

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

Sylvamo'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 )
=3721/( (2710+2872)/ 2 )
=3721/2791
=1.33

Sylvamo'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 )
=905/( (2872+2797)/ 2 )
=905/2834.5
=0.32

* 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.


Sylvamo  (NYSE:SLVM) Asset Turnover Explanation

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

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

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=172/895
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(172 / 3620)*(3620 / 2834.5)*(2834.5/ 895)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.75 %*1.2771*3.167
=ROA %*Equity Multiplier
=6.07 %*3.167
=19.22 %

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:

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

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=172/2834.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(172 / 3620)*(3620 / 2834.5)
=Net Margin %*Asset Turnover
=4.75 %*1.2771
=6.07 %

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.


Sylvamo Asset Turnover Related Terms

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


Sylvamo (Sylvamo) Business Description

Traded in Other Exchanges
Address
6077 Primacy Parkway, Memphis, TN, USA, 38119
Sylvamo Corp is an uncoated papers company with a broad portfolio of top-tier brands and low-cost, large-scale paper mills, it produces uncoated freesheet (UFS) for paper products such as cut size and offset paper, as well as market pulp. The company offers Copy and Printer papers, Commercial Printing papers, Converting papers, and Specialty papers. It operates in three geographical segments: Europe, Latin America, and North America.
Executives
Hirschfeld Tatiana Kalman officer: SVP & GM, Latin America C/O SYLVAMO CORPORATION, 6077 PRIMACY PARKWAY, MEMPHIS TN 38119
John V Sims director, officer: SVP & Chief Financial Officer C/O INTERNATIONAL PAPER COMPANY, 6400 POPLAR AVENUE, MEMPHIS TN 38197
Karl L Meyers director C/O SYLVAMO CORPORATION, 6077 PRIMACY PARKWAY, MEMPHIS TN 38119
Kevin W Ferguson officer: VP, Controller,Chief Acct.Off. C/O SYLVAMO CORPORATION, 6400 POPLAR AVENUE, MEMPHIS TN 38197
Thomas A Cleves officer: SVP, Corporate Affairs C/O SYLVAMO CORPORATION, 6400 POPLAR AVENUE, MEMPHIS TN 38197
Mark Wilde director C/O SYLVAMO CORPORATION, 6077 PRIMACY PARKWAY, MEMPHIS TN 38119
Citigroup Inc 10 percent owner 388 GREENWICH STREET, NEW YORK NY 10013
International Paper Co /new/ 10 percent owner 6400 POPLAR AVENUE, MEMPHIS TN 38197
Matthew Barron officer: SVP, Gen Counsel & Secretary C/O SYLVAMO CORPORATION, 6400 POPLAR AVENUE, MEMPHIS TN 38197
Atlas Capital Resources Gp Iv Llc 10 percent owner 100 NORTHFIELD STREET, GREENWICH CT 06830
Atlas Capital Gp Iv Lp 10 percent owner 100 NORTHFIELD STREET, GREENWICH CT 06830
Acr Group Paper Holdings Lp 10 percent owner 100 NORTHFIELD STREET, GREENWICH CT 06830
Andrew M Bursky 10 percent owner
Timothy J Fazio 10 percent owner ATLAS HOLDINGS LLC, 100 NORTHFIELD STREET, GREENWICH CT 06830
Acr Group Paper Holdings Jr Gp Llc 10 percent owner 100 NORTHFIELD STREET, GREENWICH CT 06830

Sylvamo (Sylvamo) Headlines

From GuruFocus

Jean-Michel Ribi�ras Appointed to U.S.-Brazil CEO Forum

By Business Wire Business Wire 03-02-2023

Sylvamo Announces Dividend

By Business Wire Business Wire 02-21-2023

Sylvamo to Release Second-Quarter Earnings Aug. 11

By Business Wire Business Wire 07-11-2022

Sylvamo to Release Third Quarter Earnings Nov. 10

By Business Wire Business Wire 10-13-2022

Sylvamo Announces Dividend, Share Repurchase Program

By Business Wire Business Wire 05-19-2022

Sylvamo Announces Dividend

By Business Wire 12-15-2023

Sylvamo to Release Fourth Quarter Earnings Feb. 10

By Business Wire Business Wire 01-10-2023