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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Saratoga Investment's Revenue for the three months ended in Feb. 2024 was $9.37 Mil. Saratoga Investment's Total Assets for the quarter that ended in Feb. 2024 was $1,181.45 Mil. Therefore, Saratoga Investment's Asset Turnover for the quarter that ended in Feb. 2024 was 0.01.
Asset Turnover is linked to ROE % through Du Pont Formula. Saratoga Investment's annualized ROE % for the quarter that ended in Feb. 2024 was 5.82%. It is also linked to ROA % through Du Pont Formula. Saratoga Investment's annualized ROA % for the quarter that ended in Feb. 2024 was 1.80%.
The historical data trend for Saratoga Investment'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.
Saratoga Investment Annual Data | |||||||||||||||||||||
Trend | Feb15 | Feb16 | Feb17 | Feb18 | Feb19 | Feb20 | Feb21 | Feb22 | Feb23 | Feb24 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 0.13 | 0.05 | 0.08 | 0.04 | 0.02 |
Saratoga Investment Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Asset Turnover | Get a 7-Day Free Trial | 0.02 | - | 0.01 | - | 0.01 |
For the Asset Management subindustry, Saratoga Investment'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.
For the Asset Management industry and Financial Services sector, Saratoga Investment's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Saratoga Investment's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Saratoga Investment'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 ) |
= | 20.365 | / | ( (1078.158 | + | 1191.206) | / 2 ) |
= | 20.365 | / | 1134.682 | |||
= | 0.02 |
Saratoga Investment'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: Nov. 2023 ) | + | Total Assets (Q: Feb. 2024 )) | / count ) |
= | 9.373 | / | ( (1171.697 | + | 1191.206) | / 2 ) |
= | 9.373 | / | 1181.4515 | |||
= | 0.01 |
* 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.
Saratoga Investment (NYSE:SAR) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Saratoga Investment's annulized ROE % for the quarter that ended in Feb. 2024 is
ROE %** | (Q: Feb. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 21.228 | / | 364.8915 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (21.228 / 37.492) | * | (37.492 / 1181.4515) | * | (1181.4515/ 364.8915) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 56.62 % | * | 0.0317 | * | 3.2378 |
= | ROA % | * | Equity Multiplier | ||
= | 1.80 % | * | 3.2378 | ||
= | 5.82 % |
Note: The Net Income data used here is four times the quarterly (Feb. 2024) net income data. The Revenue data used here is four times the quarterly (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:
Saratoga Investment's annulized ROA % for the quarter that ended in Feb. 2024 is
ROA % | (Q: Feb. 2024 ) | ||
= | Net Income | / | Total Assets |
= | 21.228 | / | 1181.4515 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (21.228 / 37.492) | * | (37.492 / 1181.4515) |
= | Net Margin % | * | Asset Turnover |
= | 56.62 % | * | 0.0317 |
= | 1.80 % |
Note: The Net Income data used here is four times the quarterly (Feb. 2024) net income data. The Revenue data used here is four times the quarterly (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.
Thank you for viewing the detailed overview of Saratoga Investment's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Christian L Oberbeck | director, 10 percent owner, officer: CEO and Director | C/O KOPPERS INC, 436 SEVENTH AVENUE, SUITE 1550, PITTSBURG PA 15219 |
Steven M Looney | director | 132 WAIKU ROAD, RIDGEWOOD NJ 07450-2322 |
Henri J Steenkamp | officer: Chief Financial Officer | SARATOGA INVESTMENT ADVISORS, LLC, 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Williams George Cabell Iii | director | 5422 ALBIA ROAD, BETHESDA MD 20816 |
Elizabeth Oberbeck | 10 percent owner | C/O SARATOGA INVESTMENT CORP., 535 MADISON AVENUE, NEW YORK NY 10022 |
Michael J Grisius | director, officer: President and Director | 1919 PENNSYLVANIA AVE NW, 3RD FL, WASHINGTON DC 20006 |
Whitman Iii Charles S | director | C/O GSC INVESTMENT CORP., 12 EAST 49TH STREET, SUITE 3200, NEW YORK NY 10017 |
Phillips Charles G Iv | other: Member of 10% owner group. | C/O SARATOGA INVESTMENT ADVISORS, LLC, 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Richard A Petrocelli | director, officer: CFO, Secretary and CCO | 1350 6TH AVENUE, 18TH FLOOR, NEW YORK NY 10019 |
John P. Birkelund | other: Member of 10% owner group | ETHAN ALLEN DRIVE, DANBURY CT 06811 |
John F. Macmurray | other: Member of 10% owner group | C/O SARATOGA INVESTMENT ADVISORS, LLC, 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Durkin Charles P Jr | other: Member of 10% owner group | |
Clo Partners Llc | other: Member of 10% owner group | 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Saratoga Investment Advisors, Llc | other: Member of 10% owner group | 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Ivo Turkedjiev | officer: VP Corporate Credit Group | C/O GSC INVESTMENT CORP, 888 SEVENTH AVE, NEW YORK NY 10019 |
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