GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » 7GC & Co Holdings Inc (NAS:VII) » Definitions » Asset Turnover

7GC Holdings (7GC Holdings) Asset Turnover : 0.00 (As of Sep. 2023)


View and export this data going back to 2021. Start your Free Trial

What is 7GC 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. 7GC Holdings's Revenue for the three months ended in Sep. 2023 was $0.00 Mil. 7GC Holdings's Total Assets for the quarter that ended in Sep. 2023 was $45.16 Mil. Therefore, 7GC Holdings's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. 7GC Holdings's annualized ROE % for the quarter that ended in Sep. 2023 was -9.79%. It is also linked to ROA % through Du Pont Formula. 7GC Holdings's annualized ROA % for the quarter that ended in Sep. 2023 was -4.01%.


7GC Holdings Asset Turnover Historical Data

The historical data trend for 7GC 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.

7GC Holdings Asset Turnover Chart

7GC Holdings Annual Data
Trend Dec20 Dec21 Dec22
Asset Turnover
- - -

7GC Holdings Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of 7GC Holdings's Asset Turnover

For the Shell Companies subindustry, 7GC 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.


7GC Holdings's Asset Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, 7GC Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where 7GC Holdings's Asset Turnover falls into.



7GC Holdings Asset Turnover Calculation

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

7GC Holdings's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=0/( (230.999+53.15)/ 2 )
=0/142.0745
=0.00

7GC Holdings's Asset Turnover for the quarter that ended in Sep. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=0/( (54.274+36.045)/ 2 )
=0/45.1595
=0.00

* 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.


7GC Holdings  (NAS:VII) Asset Turnover Explanation

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

7GC Holdings's annulized ROE % for the quarter that ended in Sep. 2023 is

ROE %**(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=-1.812/18.511
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1.812 / 0)*(0 / 45.1595)*(45.1595/ 18.511)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*2.4396
=ROA %*Equity Multiplier
=-4.01 %*2.4396
=-9.79 %

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

7GC Holdings's annulized ROA % for the quarter that ended in Sep. 2023 is

ROA %(Q: Sep. 2023 )
=Net Income/Total Assets
=-1.812/45.1595
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.812 / 0)*(0 / 45.1595)
=Net Margin %*Asset Turnover
= %*0
=-4.01 %

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


7GC Holdings Asset Turnover Related Terms

Thank you for viewing the detailed overview of 7GC Holdings's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


7GC Holdings (7GC Holdings) Business Description

Traded in Other Exchanges
N/A
Address
388 Market Street, Suite 1300, San Francisco, CA, USA, 94111
7GC & Co Holdings Inc is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
Executives
Milton Joseph Beck director, 10 percent owner 3485 N. PINES WAY SUITE 110, WILSON WY 83014
Jack Leeney director, 10 percent owner, officer: COB, CEO and President 3485 N. PINES WAY SUITE 110, WILSON WY 83014
Thomas D Hennessy director, 10 percent owner 3485 N. PINES WAY SUITE 110, WILSON WY 83014
Robinson Courtney A director 3485 N. PINES WAY SUITE 110, WILSON WY 83014
7gc & Co. Holdings Llc 10 percent owner 188 KING STREET, SUITE 308, SAN FRANCISCO CA 94107
Christopher Dillon Walsh officer: CFO, COO and Secretary 388 MARKET STREET, SUITE 1300, SAN FRANCISCO CA 94111
Patrick Eggen director 388 MARKET STREET, SUITE 1300, SAN FRANCISCO CA 94111
Kent Schofield director 388 MARKET STREET, SUITE 1300, SAN FRANCISCO CA 94111
Tripp Jones director 388 MARKET STREET, SUITE 1300, SAN FRANCISCO CA 94111

7GC Holdings (7GC Holdings) Headlines

From GuruFocus