Asset turn over indicator (Historical) Formula in Excel

The Asset turn over indicator (Historical) formula in Excel with MarketXLS allows you to track how efficiently a company uses its assets to generate revenue over specific historical periods. This function, hf_Asset_Turn_Over_Indicator, provides a quick historical snapshot, helping you evaluate trends and predict future performance. It is a valuable tool in investment research and financial analysis.

Understanding Asset turn over indicator (Historical)

• Purpose: The asset turnover indicator gauges changes in a company's ability to use its assets to generate sales.
• Key Benefits:
  • Helps track and compare efficiency across different time periods.
  • Offers historical insights for better future projections.
  • Integrates seamlessly with other MarketXLS fundamental formulas.
• When to Use: Use this formula when you need to evaluate a company's operational efficiency across various quarters or years, or to spot trends over the trailing twelve months (TTM).

Syntax and Parameters

Syntax

=hf_Asset_Turn_Over_Indicator(Symbol, Year, [Quarter], [TTM])

?? Note: If the symbol is invalid or data is unavailable, the function returns "NA".

Parameters

? Pro Tip: You can also use expressions like "ly" (last year), "lq" (last quarter), or "lt" (last 12 months), combined with offsets like "-1" to step back further in historical data.

Return Value

• Returns a numeric value representing the asset turnover indicator for the specified period.
• If invalid parameters are provided or data is unavailable, the function returns "NA".

?? Note: Large numbers of simultaneous formula calls can slightly impact performance. Consider batching or limiting requests to optimize speed.

Examples and Usage

Below are practical examples to illustrate how to use the Asset turn over indicator (Historical) formula in different scenarios:

1. Basic Symbol and Year

   =hf_Asset_Turn_Over_Indicator("MSFT", 2022)

   Retrieves the asset turnover indicator for Microsoft in 2022.

2. Specifying Quarter

   =hf_Asset_Turn_Over_Indicator("MSFT", 2022, 2)

   Retrieves data for the second quarter of 2022.

3. Using Trailing Twelve Months (TTM)

   =hf_Asset_Turn_Over_Indicator("MSFT", 2022, 3, "TTM")

   Sums up and returns the trailing twelve months value for quarter 3 of 2022.

4. Last Quarter Calculation

   =hf_Asset_Turn_Over_Indicator("MSFT", "lq")

   Returns the indicator for the most recently reported quarter.

5. Offsetting Last Quarter

   =hf_Asset_Turn_Over_Indicator("MSFT", "lq-1")

   Retrieves data for the quarter immediately before the last quarter.

6. Last Year

   =hf_Asset_Turn_Over_Indicator("MSFT", "ly")

   Returns the value for the most recently reported year.

7. Offsetting Last Year

   =hf_Asset_Turn_Over_Indicator("MSFT", "ly-1")

   Retrieves data for one year before the most recently reported year.

8. Last 12 Months

   =hf_Asset_Turn_Over_Indicator("MSFT", "lt")

   Returns the indicator for the most recently ended 12-month period.

? Pro Tip: For advanced date references, you can link year cells or use Excel date functions. For example:
• Cell reference:

=hf_Asset_Turn_Over_Indicator("MSFT", A1)

• Direct dates:

=hf_Asset_Turn_Over_Indicator("MSFT", "2024-03-15")

• Excel date functions:

=hf_Asset_Turn_Over_Indicator("MSFT", TEXT(A1,"yyyy-mm-dd"))

Common Questions

1. What if I get "#NAME?" or "#VALUE!" errors?

   • Ensure the MarketXLS add-in is installed and your license is valid. Double-check that your function name and parameters are correct.

2. Why does the formula sometimes return "NA"?

   • "NA" indicates unavailable data, invalid symbol, or an unsupported plan level. Verify your symbol, year, and that your MarketXLS plan supports historical fundamentals.

3. How do I improve performance if I have many formulas?

   • Try batching calls, using fewer cells that reference a list of symbols. You can also turn off automatic calculation when working with large datasets.

4. Does this function work with other historical fundamental formulas?

   • Yes. Combine it with functions like hf_Revenue, hf_Gross_Profit, and others to build comprehensive financial models.

5. Are crypto, index, or options symbols supported?

   • You can use them if MarketXLS supports those feeds. For example:
     • Crypto: =hf_Asset_Turn_Over_Indicator("BTCUSD:DEFAULT", 2022)
     • Index: =hf_Asset_Turn_Over_Indicator("^SPX", "ly")
     • Options: =hf_Asset_Turn_Over_Indicator("@MSFT 110122C00020000", "lq")

?? Note: Always confirm data availability for alternative symbols (indices, options, cryptocurrencies) as some fundamental data may not be applicable to all instrument types.

By incorporating the Asset turn over indicator (Historical) formula in your Excel workflows, you can better gauge how effectively companies generate revenue from their assets over time and make more informed investment decisions.