GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » GEN Restaurant Group Inc (NAS:GENK) » Definitions » Asset Turnover

GEN Restaurant Group (GEN Restaurant Group) Asset Turnover : 0.26 (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is GEN Restaurant Group Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. GEN Restaurant Group's Revenue for the three months ended in Mar. 2024 was $50.8 Mil. GEN Restaurant Group's Total Assets for the quarter that ended in Mar. 2024 was $199.2 Mil. Therefore, GEN Restaurant Group's Asset Turnover for the quarter that ended in Mar. 2024 was 0.26.

Asset Turnover is linked to ROE % through Du Pont Formula. GEN Restaurant Group's annualized ROE % for the quarter that ended in Mar. 2024 was 23.32%. It is also linked to ROA % through Du Pont Formula. GEN Restaurant Group's annualized ROA % for the quarter that ended in Mar. 2024 was 1.00%.


GEN Restaurant Group Asset Turnover Historical Data

The historical data trend for GEN Restaurant 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.

* Premium members only.

GEN Restaurant Group Asset Turnover Chart

GEN Restaurant Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
3.34 1.87 3.23 1.70 1.12

GEN Restaurant Group Quarterly Data
Dec19 Sep20 Dec20 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 0.28 0.26 0.25 0.25 0.26

Competitive Comparison of GEN Restaurant Group's Asset Turnover

For the Restaurants subindustry, GEN Restaurant 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.


GEN Restaurant Group's Asset Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, GEN Restaurant Group's Asset Turnover distribution charts can be found below:

* The bar in red indicates where GEN Restaurant Group's Asset Turnover falls into.



GEN Restaurant Group Asset Turnover Calculation

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

GEN Restaurant Group'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 )
=181.007/( (138.878+183.87)/ 2 )
=181.007/161.374
=1.12

GEN Restaurant 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 )
=50.76/( (183.87+214.511)/ 2 )
=50.76/199.1905
=0.25

* 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.


GEN Restaurant Group  (NAS:GENK) Asset Turnover Explanation

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

GEN Restaurant Group's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=1.984/8.507
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1.984 / 203.04)*(203.04 / 199.1905)*(199.1905/ 8.507)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.98 %*1.0193*23.4149
=ROA %*Equity Multiplier
=1.00 %*23.4149
=23.32 %

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:

GEN Restaurant Group's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=1.984/199.1905
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1.984 / 203.04)*(203.04 / 199.1905)
=Net Margin %*Asset Turnover
=0.98 %*1.0193
=1.00 %

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.


GEN Restaurant Group Asset Turnover Related Terms

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


GEN Restaurant Group (GEN Restaurant Group) Business Description

Traded in Other Exchanges
N/A
Address
11480 South Street, Suite 205, Cerritos, CA, USA, 90703
GEN Restaurant Group Inc is engaged in GEN Korean BBQ which is one of the largest Asian casual dining restaurants. It offers an extensive menu of traditional Korean and Korean-American food, including high-quality meats, poultry, seafood and mixed vegetables, all at a superior value. Its restaurants have modern decor, lively Korean pop music playing in the background and embedded grills in the center of each table. Its food is served family style and requires guests to share and coordinate their cooking responsibilities, which fosters more meaningful interaction than traditional casual dining. The company believes in its unique culinary experience appeals to a vast segment of the population, particularly Millennials and Gen Z.
Executives
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Jonathan Gregory director 1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Thomas Croal officer: Chief Financial Officer 11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Jae Chang director, officer: Co-Chief Executive Officer 11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Michael Cowan director 11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Jose Manzanarez 10 percent owner 11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Don Kim 10 percent owner 11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Juhee Han 10 percent owner 11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Lauren Wang 10 percent owner 11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Ichibon Trading, Llc 10 percent owner 2711 VILLA PISA LN, LEAGUE CITY TX 77573-3293
Kim David Wook Jin director, 10 percent owner, officer: Co-Chief Executive Officer 11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703