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Voya Asia Pacific High Dividend Equityome Fund (Voya Asia Pacific High Dividend Equityome Fund) Asset Turnover : 0.07 (As of Feb. 2024)


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What is Voya Asia Pacific High Dividend Equityome Fund Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Voya Asia Pacific High Dividend Equityome Fund's Revenue for the six months ended in Feb. 2024 was $5.21 Mil. Voya Asia Pacific High Dividend Equityome Fund's Total Assets for the quarter that ended in Feb. 2024 was $78.73 Mil. Therefore, Voya Asia Pacific High Dividend Equityome Fund's Asset Turnover for the quarter that ended in Feb. 2024 was 0.07.

Asset Turnover is linked to ROE % through Du Pont Formula. Voya Asia Pacific High Dividend Equityome Fund's annualized ROE % for the quarter that ended in Feb. 2024 was 13.26%. It is also linked to ROA % through Du Pont Formula. Voya Asia Pacific High Dividend Equityome Fund's annualized ROA % for the quarter that ended in Feb. 2024 was 13.09%.


Voya Asia Pacific High Dividend Equityome Fund Asset Turnover Historical Data

The historical data trend for Voya Asia Pacific High Dividend Equityome Fund'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.

Voya Asia Pacific High Dividend Equityome Fund Asset Turnover Chart

Voya Asia Pacific High Dividend Equityome Fund Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Asset Turnover
Get a 7-Day Free Trial -0.08 0.22 -0.02 -0.10 0.06

Voya Asia Pacific High Dividend Equityome Fund Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 -0.02 -0.11 0.01 - 0.07

Competitive Comparison of Voya Asia Pacific High Dividend Equityome Fund's Asset Turnover

For the Asset Management subindustry, Voya Asia Pacific High Dividend Equityome Fund'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.


Voya Asia Pacific High Dividend Equityome Fund's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Voya Asia Pacific High Dividend Equityome Fund's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Voya Asia Pacific High Dividend Equityome Fund's Asset Turnover falls into.



Voya Asia Pacific High Dividend Equityome Fund Asset Turnover Calculation

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

Voya Asia Pacific High Dividend Equityome Fund's Asset Turnover for the fiscal year that ended in Feb. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Feb. 2024 )/( (Total Assets (A: Feb. 2023 )+Total Assets (A: Feb. 2024 ))/ count )
=5.094/( (83.205+78.82)/ 2 )
=5.094/81.0125
=0.06

Voya Asia Pacific High Dividend Equityome Fund's Asset Turnover for the quarter that ended in Feb. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Feb. 2024 )/( (Total Assets (Q: Aug. 2023 )+Total Assets (Q: Feb. 2024 ))/ count )
=5.209/( (78.634+78.82)/ 2 )
=5.209/78.727
=0.07

* 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.


Voya Asia Pacific High Dividend Equityome Fund  (NYSE:IAE) Asset Turnover Explanation

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

Voya Asia Pacific High Dividend Equityome Fund's annulized ROE % for the quarter that ended in Feb. 2024 is

ROE %**(Q: Feb. 2024 )
=Net Income/Total Stockholders Equity
=10.302/77.667
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(10.302 / 10.418)*(10.418 / 78.727)*(78.727/ 77.667)
=Net Margin %*Asset Turnover*Equity Multiplier
=98.89 %*0.1323*1.0136
=ROA %*Equity Multiplier
=13.09 %*1.0136
=13.26 %

Note: The Net Income data used here is two times the semi-annual (Feb. 2024) net income data. The Revenue data used here is two times the semi-annual (Feb. 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:

Voya Asia Pacific High Dividend Equityome Fund's annulized ROA % for the quarter that ended in Feb. 2024 is

ROA %(Q: Feb. 2024 )
=Net Income/Total Assets
=10.302/78.727
=(Net Income / Revenue)*(Revenue / Total Assets)
=(10.302 / 10.418)*(10.418 / 78.727)
=Net Margin %*Asset Turnover
=98.89 %*0.1323
=13.09 %

Note: The Net Income data used here is two times the semi-annual (Feb. 2024) net income data. The Revenue data used here is two times the semi-annual (Feb. 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.


Voya Asia Pacific High Dividend Equityome Fund Asset Turnover Related Terms

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Voya Asia Pacific High Dividend Equityome Fund (Voya Asia Pacific High Dividend Equityome Fund) Business Description

Traded in Other Exchanges
N/A
Address
7337 East Doubletree Ranch Road, Suite 100, Scottsdale, AZ, USA, 85258
Voya Asia Pacific High Dividend Equity Income Fund is a United States-based diversified, closed-end fund. The fund's investment objective is total return through a combination of current income, capital gains, and capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by investing in a portfolio of dividend-yielding equity securities of Asia Pacific companies.
Executives
Steven Wetter officer: SVP, PM 230 PARK AVENUE, 14 FL, NEW YORK NY 10169
Margaret Diorio officer: SVP, PM 230 PARK AVENUE, NEW YORK NY 10169
Paul Zemsky other: SMD, CIO 230 PARK AVENUE, NEW YORK NY 10169
Vincent J Costa other: Managing Director 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Mark Weber officer: Senior Managing Director 230 PARK AVENUE, NEW YORK NY 10169
Dina Santoro officer: Managing Director VOYA INVESTMENT MANAGEMENT, 230 PARK AVENUE, NEW YORK NY 10169
Christopher P Sullivan director 27 LEE TERRACE, SHORT HILLS NJ 07078
Michael Allyn Bell officer: MD & Chief Financial Officer 230 PARK AVENUE, NEW YORK NY 10169
Russell H Jones director
Joseph E Obermeyer director 9909 NE 4TH AVENUE ROAD, MIAMI SHORES FL 33138
Deprince Albert E Jr director 3029 ST. JOHNS DRIVE, MURFREESBORO TN 37129
Martin J Gavin director 282 WASHINGTON STREET, HARTFORD CT 06106
Manu Vandenbulck other: Portfolio Manager PRINSES BEATRIXLAAN 15, DEN HAAG P7 2595AK
Nicolas Simar other: Portfolio Manager PRINSES BEATRIXLAAN 15, DEN HAAG P7 2595AK
Satish Sadashiv Bapat officer: to subadvisor SCHENKKADE 65, THE HAGUE P7 2595 AS

Voya Asia Pacific High Dividend Equityome Fund (Voya Asia Pacific High Dividend Equityome Fund) Headlines