GURUFOCUS.COM » STOCK LIST » Technology » Software » Optiva Inc (TSX:OPT) » Definitions » Asset Turnover

Optiva (TSX:OPT) Asset Turnover : 0.15 (As of Mar. 2024)


View and export this data going back to 2008. Start your Free Trial

What is Optiva Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Optiva's Revenue for the three months ended in Mar. 2024 was C$15.84 Mil. Optiva's Total Assets for the quarter that ended in Mar. 2024 was C$108.59 Mil. Therefore, Optiva's Asset Turnover for the quarter that ended in Mar. 2024 was 0.15.

Asset Turnover is linked to ROE % through Du Pont Formula. Optiva's annualized ROE % for the quarter that ended in Mar. 2024 was 57.30%. It is also linked to ROA % through Du Pont Formula. Optiva's annualized ROA % for the quarter that ended in Mar. 2024 was -30.08%.


Optiva Asset Turnover Historical Data

The historical data trend for Optiva'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.

Optiva Asset Turnover Chart

Optiva Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.70 0.72 0.77 0.71 0.55

Optiva Quarterly Data
Dec18 Mar19 Jun19 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 Premium Member Only Premium Member Only 0.15 0.14 0.15 0.14 0.15

Competitive Comparison of Optiva's Asset Turnover

For the Software - Infrastructure subindustry, Optiva'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.


Optiva's Asset Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Optiva's Asset Turnover distribution charts can be found below:

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



Optiva Asset Turnover Calculation

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

Optiva'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 )
=63.734/( (117.671+113.116)/ 2 )
=63.734/115.3935
=0.55

Optiva'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 )
=15.843/( (113.116+104.066)/ 2 )
=15.843/108.591
=0.15

* 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.


Optiva  (TSX:OPT) Asset Turnover Explanation

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

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

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-32.66/-56.994
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-32.66 / 63.372)*(63.372 / 108.591)*(108.591/ -56.994)
=Net Margin %*Asset Turnover*Equity Multiplier
=-51.54 %*0.5836*-1.9053
=ROA %*Equity Multiplier
=-30.08 %*-1.9053
=57.30 %

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:

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

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-32.66/108.591
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-32.66 / 63.372)*(63.372 / 108.591)
=Net Margin %*Asset Turnover
=-51.54 %*0.5836
=-30.08 %

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.


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.


Optiva Asset Turnover Related Terms

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


Optiva (TSX:OPT) Business Description

Traded in Other Exchanges
Address
2233 Argentia Road, Suite 302, East Tower, Mississauga, ON, CAN, L5N 2X7
Optiva Inc is engaged in offering next-generation software solutions to help the telco industry and customers leverage today's digital technologies. The company's portfolio of products enables real-time billing, charging, policy management and user experience that are critical to customers' growth and performance. When deployed in the cloud, Optiva solutions deliver the most impact for the best value. The company's vision, market knowledge, analytical insights and Customer Success Program ensure customers are equipped to achieve their strategic business goals today and into the future.
Executives
Ashish Kumar Joshi Senior Officer
Dinesh Sharma Senior Officer

Optiva (TSX:OPT) Headlines

From GuruFocus

Opthea to Present at the FLORetina 2022 Congress

By Value_Insider Value_Insider 12-06-2022

Opthea To Present at Upcoming Investor Conferences

By GuruFocusNews GuruFocusNews 07-10-2022

Opthea To Present at Sequire Biotechnology Conference

By Stock market mentor Stock market mentor 01-30-2023

Opthea Presentation at The Retina World Congress 2022

By GuruFocusNews GuruFocusNews 07-09-2022