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Edinburgh Worldwide Investment Trust (LSE:EWI) Asset Turnover : 0.05 (As of Apr. 2024)


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What is Edinburgh Worldwide Investment Trust Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Edinburgh Worldwide Investment Trust's Revenue for the six months ended in Apr. 2024 was £37.43 Mil. Edinburgh Worldwide Investment Trust's Total Assets for the quarter that ended in Apr. 2024 was £702.45 Mil. Therefore, Edinburgh Worldwide Investment Trust's Asset Turnover for the quarter that ended in Apr. 2024 was 0.05.

Asset Turnover is linked to ROE % through Du Pont Formula. Edinburgh Worldwide Investment Trust's annualized ROE % for the quarter that ended in Apr. 2024 was 12.26%. It is also linked to ROA % through Du Pont Formula. Edinburgh Worldwide Investment Trust's annualized ROA % for the quarter that ended in Apr. 2024 was 10.48%.


Edinburgh Worldwide Investment Trust Asset Turnover Historical Data

The historical data trend for Edinburgh Worldwide Investment Trust'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.

Edinburgh Worldwide Investment Trust Asset Turnover Chart

Edinburgh Worldwide Investment Trust Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.40 0.14 -0.47 -0.23

Edinburgh Worldwide Investment Trust Semi-Annual Data
Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24
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 -0.39 -0.09 -0.07 -0.16 0.05

Competitive Comparison of Edinburgh Worldwide Investment Trust's Asset Turnover

For the Asset Management subindustry, Edinburgh Worldwide Investment Trust'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.


Edinburgh Worldwide Investment Trust's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Edinburgh Worldwide Investment Trust's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Edinburgh Worldwide Investment Trust's Asset Turnover falls into.



Edinburgh Worldwide Investment Trust Asset Turnover Calculation

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

Edinburgh Worldwide Investment Trust's Asset Turnover for the fiscal year that ended in Oct. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Oct. 2023 )/( (Total Assets (A: Oct. 2022 )+Total Assets (A: Oct. 2023 ))/ count )
=-181.6/( (888.817+690.77)/ 2 )
=-181.6/789.7935
=-0.23

Edinburgh Worldwide Investment Trust's Asset Turnover for the quarter that ended in Apr. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Apr. 2024 )/( (Total Assets (Q: Oct. 2023 )+Total Assets (Q: Apr. 2024 ))/ count )
=37.425/( (690.77+714.136)/ 2 )
=37.425/702.453
=0.05

* 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.


Edinburgh Worldwide Investment Trust  (LSE:EWI) Asset Turnover Explanation

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

Edinburgh Worldwide Investment Trust's annulized ROE % for the quarter that ended in Apr. 2024 is

ROE %**(Q: Apr. 2024 )
=Net Income/Total Stockholders Equity
=73.612/600.184
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(73.612 / 74.85)*(74.85 / 702.453)*(702.453/ 600.184)
=Net Margin %*Asset Turnover*Equity Multiplier
=98.35 %*0.1066*1.1704
=ROA %*Equity Multiplier
=10.48 %*1.1704
=12.26 %

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

Edinburgh Worldwide Investment Trust's annulized ROA % for the quarter that ended in Apr. 2024 is

ROA %(Q: Apr. 2024 )
=Net Income/Total Assets
=73.612/702.453
=(Net Income / Revenue)*(Revenue / Total Assets)
=(73.612 / 74.85)*(74.85 / 702.453)
=Net Margin %*Asset Turnover
=98.35 %*0.1066
=10.48 %

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


Edinburgh Worldwide Investment Trust Asset Turnover Related Terms

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Edinburgh Worldwide Investment Trust Business Description

Traded in Other Exchanges
Address
Calton Square, 1 Greenside Row, Edinburgh, GBR, EH1 3AN
Edinburgh Worldwide Investment Trust PLC is an investment company with the objective to achieve long-term capital growth by investing in listed companies world-wide. It seeks to construct its portfolio through the identification of individual companies with business across North America, Asia, Australia, Africa, the Middle East and Europe. The firm invests mainly in information technology, materials, consumer discretionary, financials, industrials, health care sectors and communication Services.

Edinburgh Worldwide Investment Trust Headlines

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