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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. WESCO International's Revenue for the three months ended in Mar. 2024 was $5,350 Mil. WESCO International's Total Assets for the quarter that ended in Mar. 2024 was $15,300 Mil. Therefore, WESCO International's Asset Turnover for the quarter that ended in Mar. 2024 was 0.35.
Asset Turnover is linked to ROE % through Du Pont Formula. WESCO International's annualized ROE % for the quarter that ended in Mar. 2024 was 9.25%. It is also linked to ROA % through Du Pont Formula. WESCO International's annualized ROA % for the quarter that ended in Mar. 2024 was 3.03%.
The historical data trend for WESCO International'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.
WESCO International Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 1.74 | 1.46 | 1.49 | 1.56 | 1.50 |
WESCO International 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 | 0.37 | 0.38 | 0.37 | 0.36 | 0.35 |
For the Industrial Distribution subindustry, WESCO International'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 Industrial Distribution industry and Industrials sector, WESCO International's Asset Turnover distribution charts can be found below:
* The bar in red indicates where WESCO International's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
WESCO International'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 ) |
= | 22385.2 | / | ( (14811.7 | + | 15060.9) | / 2 ) |
= | 22385.2 | / | 14936.3 | |||
= | 1.50 |
WESCO International'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 ) |
= | 5350 | / | ( (15060.9 | + | 15539) | / 2 ) |
= | 5350 | / | 15299.95 | |||
= | 0.35 |
* 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.
WESCO International (NYSE:WCC) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
WESCO International's annulized ROE % for the quarter that ended in Mar. 2024 is
ROE %** | (Q: Mar. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 463.2 | / | 5009.9 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (463.2 / 21400) | * | (21400 / 15299.95) | * | (15299.95/ 5009.9) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 2.16 % | * | 1.3987 | * | 3.0539 |
= | ROA % | * | Equity Multiplier | ||
= | 3.03 % | * | 3.0539 | ||
= | 9.25 % |
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:
WESCO International's annulized ROA % for the quarter that ended in Mar. 2024 is
ROA % | (Q: Mar. 2024 ) | ||
= | Net Income | / | Total Assets |
= | 463.2 | / | 15299.95 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (463.2 / 21400) | * | (21400 / 15299.95) |
= | Net Margin % | * | Asset Turnover |
= | 2.16 % | * | 1.3987 |
= | 3.03 % |
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 WESCO International's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Hemant Porwal | officer: EVP Supply Chain & Operations | 225 W. STATION SQUARE DRIVE, PITTSBURGH PA 15219 |
Glynis Bryan | director | 5500 WAYZATA BOULEVARD, SUITE 600, GOLDEN VALLEY MN 55416 |
Easwaran Sundaram | director | C/O JETBLUE AIRWAYS CORPORATION, 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101 |
Squires Nelson John Iii | officer: SVP & COO | 225 W. STATION SQUARE, PITTSBURGH PA 15219 |
James Cameron | officer: EVP & GM, Util & Broadband | 225 W. STATION SQUARE DRIVE, PITTSBURGH PA 15219 |
Diane Lazzaris | officer: Vice President, Legal Affairs | WESCO INTERNATIONAL, INC., 225 WEST STATION SQUARE DRIVE, PITTSBURGH PA 15219 |
John Engel | officer: SR. VICE PRESIDENT & COO | 225 W. STATION SQUARE DRIVE, SUITE 700, PITTSBURGH PA 15219 |
Green Equity Investors Vii, L.p. | 10 percent owner | 11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025 |
Sundaram Nagarajan | director | 28601 CLEMENS ROAD, WESTLAKE OH 44145 |
Anne M Cooney | director | ONE PARK PLAZA, 11270 W. PARK PLACE, SUITE 1000, MILWAUKEE WI 53224 |
Christine Ann Wolf | officer: SVP & CHRO | 7480 FLYING CLOUG DRIVE, MINNEAPOLIS MN 55344 |
Steven A Raymund | director | C/O TECH DATA CORP, 5350 TECH DATA DRIVE, CLEARWATER FL 33760 |
Matthew S Kulasa | officer: Sr. VP, Corporate Controller | 100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202 |
Lynn M Utter | director | C/O ADOLPH COORS CO, 311 10TH ST NH311 BOX 4030, GOLDEN CO 80401 |
James Louis Singleton | director, 10 percent owner | THE CYPRESS GROUP L.L.C., 65 EAST 55TH STREET, 28TH FLOOR, NEW YORK NY 10022 |
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