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Sonae SGPS (XLIS:SON) Asset Turnover : 0.23 (As of Mar. 2024)


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What is Sonae SGPS Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Sonae SGPS's Revenue for the three months ended in Mar. 2024 was €2,081 Mil. Sonae SGPS's Total Assets for the quarter that ended in Mar. 2024 was €9,206 Mil. Therefore, Sonae SGPS's Asset Turnover for the quarter that ended in Mar. 2024 was 0.23.

Asset Turnover is linked to ROE % through Du Pont Formula. Sonae SGPS's annualized ROE % for the quarter that ended in Mar. 2024 was 3.25%. It is also linked to ROA % through Du Pont Formula. Sonae SGPS's annualized ROA % for the quarter that ended in Mar. 2024 was 1.07%.


Sonae SGPS Asset Turnover Historical Data

The historical data trend for Sonae SGPS'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.

Sonae SGPS Asset Turnover Chart

Sonae SGPS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.72 0.78 0.85 0.91 0.96

Sonae SGPS 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 0.22 0.22 0.25 0.27 0.23

Competitive Comparison of Sonae SGPS's Asset Turnover

For the Department Stores subindustry, Sonae SGPS'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.


Sonae SGPS's Asset Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sonae SGPS's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Sonae SGPS's Asset Turnover falls into.



Sonae SGPS Asset Turnover Calculation

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

Sonae SGPS'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 )
=8399.182/( (8641.084+8845.055)/ 2 )
=8399.182/8743.0695
=0.96

Sonae SGPS'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 )
=2080.904/( (8845.055+9566.469)/ 2 )
=2080.904/9205.762
=0.23

* 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.


Sonae SGPS  (XLIS:SON) Asset Turnover Explanation

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

Sonae SGPS's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=98.568/3034.0515
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(98.568 / 8323.616)*(8323.616 / 9205.762)*(9205.762/ 3034.0515)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.18 %*0.9042*3.0341
=ROA %*Equity Multiplier
=1.07 %*3.0341
=3.25 %

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:

Sonae SGPS's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=98.568/9205.762
=(Net Income / Revenue)*(Revenue / Total Assets)
=(98.568 / 8323.616)*(8323.616 / 9205.762)
=Net Margin %*Asset Turnover
=1.18 %*0.9042
=1.07 %

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.


Sonae SGPS Asset Turnover Related Terms

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


Sonae SGPS (XLIS:SON) Business Description

Traded in Other Exchanges
Address
Lugar do Espido, Via Norte, Apartado 1011, Maia, PRT, 4470-909
Sonae SGPS SA is a retail company that manages a variety of business portfolios, including food, sports goods, clothing & apparel, financial services, electronics, technology, and telecommunication. The company's business is divided into eight segments based on the business offerings: Sonae MC, Worten, Sonae Fashion, Iberian Sports Retail Group, Sonae FS, Sonae IM, Sonae Sierra, and NOS. The Sonae MC business segment, which generates most of the company's revenue, is the company's food retail unit and operates restaurants, supermarkets, and convenience stores, among others. The company operates globally but earns most of its revenue in Portugal.

Sonae SGPS (XLIS:SON) Headlines

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