Asset turnover: revenue over assets

Asset turnover: revenue over assets

One of the 61 measures in Stock Scorer, under Quality — How much of the revenue is really kept — and what did it take to earn it?

How it is worked out

Revenue ÷ total assets

How much sales the assets produce, as a multiple of what those assets are worth. Total assets includes cash, so a company holding years of it reads low without being inefficient.

How to read it

how hard the balance sheet works. Reads low for a company holding years of cash, which is not the same as an unproductive one

Which figures it needs

Computed from 2 figures taken from the filing:

• revenue
• assets

The XBRL tags behind it

These are the element names looked for in a filing, in order. The first one a company reports is the one used, and the company page names which it was — so any figure here can be checked against the filing it came from.

• RevenueFromContractWithCustomerExcludingAssessedTax
• Revenues
• RevenueFromContractWithCustomerIncludingAssessedTax
• SalesRevenueNet
• SalesRevenueServicesNet
• RevenueFromContractsWithCustomers
• Revenue
• Assets

Whether it counts

This measure is not counted by default. It can be added to Quality on the dashboard, and it then takes its share of that dimension.