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Victory Capital Holdings (Victory Capital Holdings) Asset Turnover : 0.08 (As of Dec. 2023)


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What is Victory Capital Holdings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Victory Capital Holdings's Revenue for the three months ended in Dec. 2023 was $205.8 Mil. Victory Capital Holdings's Total Assets for the quarter that ended in Dec. 2023 was $2,567.2 Mil. Therefore, Victory Capital Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.08.

Asset Turnover is linked to ROE % through Du Pont Formula. Victory Capital Holdings's annualized ROE % for the quarter that ended in Dec. 2023 was 20.74%. It is also linked to ROA % through Du Pont Formula. Victory Capital Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was 8.60%.


Victory Capital Holdings Asset Turnover Historical Data

The historical data trend for Victory Capital Holdings'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.

Victory Capital Holdings Asset Turnover Chart

Victory Capital Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only 0.48 0.45 0.41 0.33 0.32

Victory Capital Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.08 0.08 0.08 0.08 0.08

Competitive Comparison of Victory Capital Holdings's Asset Turnover

For the Asset Management subindustry, Victory Capital Holdings'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.


Victory Capital Holdings's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Victory Capital Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Victory Capital Holdings's Asset Turnover falls into.



Victory Capital Holdings Asset Turnover Calculation

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

Victory Capital Holdings'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 )
=821.028/( (2540.899+2542.616)/ 2 )
=821.028/2541.7575
=0.32

Victory Capital Holdings's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=205.794/( (2591.805+2542.616)/ 2 )
=205.794/2567.2105
=0.08

* 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.


Victory Capital Holdings  (NAS:VCTR) Asset Turnover Explanation

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

Victory Capital Holdings's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=220.824/1064.5685
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(220.824 / 823.176)*(823.176 / 2567.2105)*(2567.2105/ 1064.5685)
=Net Margin %*Asset Turnover*Equity Multiplier
=26.83 %*0.3206*2.4115
=ROA %*Equity Multiplier
=8.60 %*2.4115
=20.74 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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:

Victory Capital Holdings's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=220.824/2567.2105
=(Net Income / Revenue)*(Revenue / Total Assets)
=(220.824 / 823.176)*(823.176 / 2567.2105)
=Net Margin %*Asset Turnover
=26.83 %*0.3206
=8.60 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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.


Victory Capital Holdings Asset Turnover Related Terms

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


Victory Capital Holdings (Victory Capital Holdings) Business Description

Traded in Other Exchanges
Address
15935 La Cantera Parkway, San Antonio, TX, USA, 78256
Victory Capital Holdings Inc is an independent investment management firm. The company operates its business through franchises and solutions platform. It provides centralized distribution, marketing, and operations infrastructure to the company's franchises and solutions platform. The company operates through one business segment that is Investment management services and products to institutional, intermediary, retirement platforms, and individual investors. The franchises and solutions platform manages a variety of investment strategies for its customers. It derives revenues from asset-based fees from investment management products and services to individuals and institutions.
Executives
David Craig Brown officer: Chairman and CEO 4900 TIEDEMAN ROAD, BROOKLYN OH 44144
Kelly Stevenson Cliff officer: See Remarks 4900 TIEDMAN ROAD, BROOKLYN OH 44144
Mary M. Jackson director 7799 LEESBURG PIKE, SUITE 300 NORTH, FALLS CHURCH VA 22043
James B Hawkes director 255 STATE STREET, BOSTON MA 02109
Delaney Robert V. Jr. director 667 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10065
Crestview Partners Ii Gp, L.p. director, 10 percent owner 590 MADISON AVENUE, 42ND FLOOR, NEW YORK NY 10022
Milton R. Berlinski director, 10 percent owner C/O REVERENCE, 477 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022
Richard M Demartini director BANK OF AMERICA CORP, 9 WEST 57TH STREET NY1-301-48-02, NEW YORK NY 10019
Michael Dennis Policarpo officer: See Remarks 4900 TIEDMAN ROAD, BROOKLYN OH 44144
Nina Gupta officer: See Remarks 4900 TIEDEMAN ROAD, BROOKLYN OH 44144
Alan Rappaport director C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Lawrence Davanzo director 1299 OCEAN AVENUE, SUITE 700, SANTA MONICA CA 90401
Terence Francis Sullivan officer: CFO and Head of Strategy 4900 TIEDMAN ROAD, BROOKLYN OH 44144
Rcp Lake Co-invest, L.p. director, 10 percent owner C/O REVERENCE CAPITAL PARTNERS LLC, 399 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Hurst Robert J/ny director C/O GOLDMAN SACHS GROUP INC, 85 BROAD STREET, NEW YORK NY 10004

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