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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. StoneX Group's Revenue for the three months ended in Mar. 2024 was $22,106 Mil. StoneX Group's Total Assets for the quarter that ended in Mar. 2024 was $24,448 Mil. Therefore, StoneX Group's Asset Turnover for the quarter that ended in Mar. 2024 was 0.90.
Asset Turnover is linked to ROE % through Du Pont Formula. StoneX Group's annualized ROE % for the quarter that ended in Mar. 2024 was 14.04%. It is also linked to ROA % through Du Pont Formula. StoneX Group's annualized ROA % for the quarter that ended in Mar. 2024 was 0.87%.
The historical data trend for StoneX Group'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.
StoneX Group Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 3.70 | 4.63 | 2.63 | 3.41 | 2.91 |
StoneX Group Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | 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 | 0.77 | 0.69 | 0.76 | 0.87 | 0.90 |
For the Capital Markets subindustry, StoneX Group'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.
For the Capital Markets industry and Financial Services sector, StoneX Group's Asset Turnover distribution charts can be found below:
* The bar in red indicates where StoneX Group's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
StoneX Group'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 ) |
= | 60856.1 | / | ( (19859.6 | + | 21938.7) | / 2 ) |
= | 60856.1 | / | 20899.15 | |||
= | 2.91 |
StoneX Group'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 ) |
= | 22106.1 | / | ( (23244.8 | + | 25651) | / 2 ) |
= | 22106.1 | / | 24447.9 | |||
= | 0.90 |
* 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.
StoneX Group (NAS:SNEX) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
StoneX Group's annulized ROE % for the quarter that ended in Mar. 2024 is
ROE %** | (Q: Mar. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 212.4 | / | 1512.7 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (212.4 / 88424.4) | * | (88424.4 / 24447.9) | * | (24447.9/ 1512.7) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 0.24 % | * | 3.6169 | * | 16.1618 |
= | ROA % | * | Equity Multiplier | ||
= | 0.87 % | * | 16.1618 | ||
= | 14.04 % |
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:
StoneX Group's annulized ROA % for the quarter that ended in Mar. 2024 is
ROA % | (Q: Mar. 2024 ) | ||
= | Net Income | / | Total Assets |
= | 212.4 | / | 24447.9 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (212.4 / 88424.4) | * | (88424.4 / 24447.9) |
= | Net Margin % | * | Asset Turnover |
= | 0.24 % | * | 3.6169 |
= | 0.87 % |
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.
Thank you for viewing the detailed overview of StoneX Group's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Scott J Branch | director, officer: COO | 220 E CENTRAL PARKWAY, STE 2060, ATTAMONTE SPRINGS FL 32701 |
Eric Parthemore | director | 1251 NW BRIARCLIFF PARKWAY, SUITE 800, KANSAS CITY MO 64116 |
Philip Andrew Smith | other: CEO - subsidiary entity | 708 THIRD AVENUE, SUITE 1500, NEW YORK NY 10017 |
Mark Lowry Maurer | other: CEO - subsidiary entity | 230 SOUTH LASALLE, SUITE 10-500, CHICAGO IL 60604 |
John Moore Fowler | director | 2 NORTHWEST WAY, BRONXVILLE NY 10708 |
Charles M Lyon | officer: CEO - subsidiary entity | 329 PARK AVENUE NORTH, SUITE 350, WINTER PARK FL 32789 |
John Radziwill | director, officer: Chairman of the Board | |
Glenn Henry Stevens | other: CEO - subsidiary entity | 550 HILLS DRIVE, SUITE 210, BEDMINSTER NJ 07921 |
Aaron Schroeder | officer: Group Controller | 1251 NW BRIARCLIFF PARKWAY, SUITE 800, KANSAS CITY MO 64116 |
William J Dunaway | officer: Chief Financial Officer | 1251 NW BRIARCLIFF PARKWAY, SUITE 800, KANSAS CITY MO 64116 |
Sean Michael Oconnor | director, officer: CEO | 220 E. CENTRAL PARKWAY, SUITE 2060, ALTEMONTE SPRINGS FL 32701 |
Xuong Nguyen | other: COO of Affiliates | 230 SOUTH LASALLE, SUITE 10-500, CHICAGO IL 60604 |
Abigail H Perkins | officer: Chief Information Officer | 230 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10169 |
Diego Rotsztain | officer: Chief Governance/Legal Officer | 135 US HIGHWAY 202/206, SUITE 11, BEDMINSTER NJ 07921 |
Dhamu R. Thamodaran | director | 200 COMMERCE STREET, SMITHFIELD VA 23430 |
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