GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sixth Street Specialty Lending Inc (NYSE:TSLX) » Definitions » Asset Turnover

Sixth Street Specialty Lending (Sixth Street Specialty Lending) Asset Turnover : 0.02 (As of Mar. 2024)


View and export this data going back to 2014. Start your Free Trial

What is Sixth Street Specialty Lending Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Sixth Street Specialty Lending's Revenue for the three months ended in Mar. 2024 was $63.3 Mil. Sixth Street Specialty Lending's Total Assets for the quarter that ended in Mar. 2024 was $3,397.9 Mil. Therefore, Sixth Street Specialty Lending's Asset Turnover for the quarter that ended in Mar. 2024 was 0.02.

Asset Turnover is linked to ROE % through Du Pont Formula. Sixth Street Specialty Lending's annualized ROE % for the quarter that ended in Mar. 2024 was 12.35%. It is also linked to ROA % through Du Pont Formula. Sixth Street Specialty Lending's annualized ROA % for the quarter that ended in Mar. 2024 was 5.59%.


Sixth Street Specialty Lending Asset Turnover Historical Data

The historical data trend for Sixth Street Specialty Lending'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.

Sixth Street Specialty Lending Asset Turnover Chart

Sixth Street Specialty Lending 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 0.09 0.09 0.09 0.05 0.09

Sixth Street Specialty Lending 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 0.02 0.02 0.03 0.02 0.02

Competitive Comparison of Sixth Street Specialty Lending's Asset Turnover

For the Asset Management subindustry, Sixth Street Specialty Lending'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.


Sixth Street Specialty Lending's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sixth Street Specialty Lending's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Sixth Street Specialty Lending's Asset Turnover falls into.



Sixth Street Specialty Lending Asset Turnover Calculation

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

Sixth Street Specialty Lending'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 )
=273.406/( (2836.947+3343.808)/ 2 )
=273.406/3090.3775
=0.09

Sixth Street Specialty Lending'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 )
=63.312/( (3343.808+3452.022)/ 2 )
=63.312/3397.915
=0.02

* 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.


Sixth Street Specialty Lending  (NYSE:TSLX) Asset Turnover Explanation

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

Sixth Street Specialty Lending's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=190.072/1539.1905
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(190.072 / 253.248)*(253.248 / 3397.915)*(3397.915/ 1539.1905)
=Net Margin %*Asset Turnover*Equity Multiplier
=75.05 %*0.0745*2.2076
=ROA %*Equity Multiplier
=5.59 %*2.2076
=12.35 %

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:

Sixth Street Specialty Lending's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=190.072/3397.915
=(Net Income / Revenue)*(Revenue / Total Assets)
=(190.072 / 253.248)*(253.248 / 3397.915)
=Net Margin %*Asset Turnover
=75.05 %*0.0745
=5.59 %

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.


Sixth Street Specialty Lending Asset Turnover Related Terms

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


Sixth Street Specialty Lending (Sixth Street Specialty Lending) Business Description

Traded in Other Exchanges
Address
2100 McKinney Avenue, Suite 1500, Dallas, TX, USA, 75201
Sixth Street Specialty Lending Inc is a specialty finance company focused on providing flexible, fully committed financing solutions to middle market companies located in the united states of america. It partners with companies across a variety of industries and excel at providing creative solutions to companies with complex business models that may have limited access to capital. The company seeks to generate income in U.S.-domiciled middle-market companies through direct originations of interest income from the investments we hold. In addition, we may generate income from dividends on equity investments, capital gains on the sale of investments and various loan origination and other fees.
Executives
P Emery Covington director 2100 MCKINNEY AVENUE, SUITE 1500, DALLAS TX 75201
Hurley Doddy director 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Michael Graf officer: Principal Accounting Officer 301 COMMERCE STREET, FORT WORTH TX 76102
Anton Brett officer: Chief Compliance Officer C/O SIXTH STREET PARTNERS, LLC, 2100 MCKINNEY AVENUE, SUITE 1500, DALLAS TX 75201
Steven Pluss officer: Vice President C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, FORT WORTH TX 76102
Joshua Peck officer: Vice President C/O SIXTH STREET PARTNERS, LLC, 2100 MCKINNEY AVENUE, SUITE 1500, DALLAS TX 75201
Jennifer Gordon officer: Chief Compliance Officer C/O TPG GLOBAL, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Ian Simmonds officer: Chief Financial Officer 301 COMMERCE STREET, FORT WORTH TX 76102
Judy S Slotkin director 888 PARK AVENUE, NEW YORK NY 10021
Richard A Higginbotham director FLEETBOSTON FINANCIAL CORP, 100 FEDERAL STREET, BOSTON MA 02110
Joshua Easterly director, officer: Vice President 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
John Ross director 830 PARK AVENUE, APARTMENT 11B, NEW YORK NY 10021
Kenneth Joseph Burke officer: Chief Compliance Officer 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Robert J. Stanley officer: President 301 COMMERCE STREET, FORT WORTH TX 76102
Ronald Tanemura director 1010 36TH AVENUE EAST, SEATTLE WA 98112

Sixth Street Specialty Lending (Sixth Street Specialty Lending) Headlines

From GuruFocus