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Tradeweb Markets (Tradeweb Markets) Asset Turnover : 0.06 (As of Mar. 2024)


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What is Tradeweb Markets Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Tradeweb Markets's Revenue for the three months ended in Mar. 2024 was $409 Mil. Tradeweb Markets's Total Assets for the quarter that ended in Mar. 2024 was $7,228 Mil. Therefore, Tradeweb Markets's Asset Turnover for the quarter that ended in Mar. 2024 was 0.06.

Asset Turnover is linked to ROE % through Du Pont Formula. Tradeweb Markets's annualized ROE % for the quarter that ended in Mar. 2024 was 9.27%. It is also linked to ROA % through Du Pont Formula. Tradeweb Markets's annualized ROA % for the quarter that ended in Mar. 2024 was 6.98%.


Tradeweb Markets Asset Turnover Historical Data

The historical data trend for Tradeweb Markets'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.

Tradeweb Markets Asset Turnover Chart

Tradeweb Markets Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 0.15 0.17 0.18 0.19 0.20

Tradeweb Markets 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 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 0.05 0.05 0.05 0.06 0.06

Competitive Comparison of Tradeweb Markets's Asset Turnover

For the Capital Markets subindustry, Tradeweb Markets'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.


Tradeweb Markets's Asset Turnover Distribution in the Capital Markets Industry

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

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



Tradeweb Markets Asset Turnover Calculation

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

Tradeweb Markets'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 )
=1338.219/( (6260.131+7059.538)/ 2 )
=1338.219/6659.8345
=0.20

Tradeweb Markets'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 )
=408.739/( (7059.538+7395.949)/ 2 )
=408.739/7227.7435
=0.06

* 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.


Tradeweb Markets  (NAS:TW) Asset Turnover Explanation

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

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

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=504.568/5441.274
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(504.568 / 1634.956)*(1634.956 / 7227.7435)*(7227.7435/ 5441.274)
=Net Margin %*Asset Turnover*Equity Multiplier
=30.86 %*0.2262*1.3283
=ROA %*Equity Multiplier
=6.98 %*1.3283
=9.27 %

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:

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

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=504.568/7227.7435
=(Net Income / Revenue)*(Revenue / Total Assets)
=(504.568 / 1634.956)*(1634.956 / 7227.7435)
=Net Margin %*Asset Turnover
=30.86 %*0.2262
=6.98 %

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.


Tradeweb Markets Asset Turnover Related Terms

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


Tradeweb Markets (Tradeweb Markets) Business Description

Traded in Other Exchanges
Address
1177 Avenue of the Americas, New York, NY, USA, 10036
Founded in 1998 and headquartered in New York City, Tradeweb Markets is a leading fixed-income trading platform. While it does offer electronic processing for some voice-negotiated trades, the company focuses primarily on providing electronic trading networks that connect broker/dealers, institutional clients, and retail customers. While the company offers trading in a wide variety of products, the bulk of its business is in U.S. and European government debt, mortgage-backed securities, interest-rate swaps, and U.S. and international corporate bonds. The firm also sells fixed-income trading and price data, primarily through a deal with Refinitiv's Eikon service.
Executives
William Hult director, officer: President TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Douglas Friedman officer: General Counsel and Secretary TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Scott Zucker officer: Chief Admin. and Risk Officer TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Enrico Bruni officer: Managing Director, Europe/Asia TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Justin Peterson officer: Chief Technology Officer TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Rana Yared director 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Catherine Johnson director 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Tradeweb Markets Inc. director 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Steven Berns director TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Sara Furber officer: Chief Financial Officer MORGAN STANLEY INVESTMENT MANAGEMENT, 522 FIFTH AVE, NEW YORK NY 10036
Lee Olesky director, officer: Chief Executive Officer TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Troy Dixon director PO BOX 25250, PMB 13941, MIAMI FL 33102
Jacques Aigrain director C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Simon Maisey officer: Managing Director, Corp. Dev. TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Balbir Bakhshi director 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036