Asset Turnover (Historical)

Returns historical asset turnover ratio for a company. This efficiency ratio measures how effectively a company uses its assets to generate revenue. It is calculated as Revenue divided by Average Total Assets.

Formula

Asset Turnover = Revenue / Average Total Assets

Supported Symbols

Type Format Example
US Stocks SYMBOL AAPL, MSFT
ETFs SYMBOL SPY, QQQ
International SYMBOL SHOP, TSM

Parameters

Parameter Description
Symbol Stock ticker symbol
Year Fiscal year (2020, 2021) or period code (lq, ly, lt)
Quarter Optional: 1, 2, 3, or 4 for quarterly data
TTM Optional: Set to "TTM" for trailing twelve months

Interpretation

Value Interpretation
> 2.0 High efficiency (common in retail)
1.0 - 2.0 Moderate efficiency
< 1.0 Lower efficiency (common in capital-intensive industries)

Notes

  • Higher values indicate more efficient use of assets
  • Industry comparison is essential - retail has higher turnover than utilities
  • Use with profit margins for complete efficiency analysis

Examples

=hf_Asset_Turnover("AAPL", 2023)
Apple asset turnover
=hf_Asset_Turnover("WMT", 2023, 2)
Walmart Q2 2023
=hf_Asset_Turnover("COST", "ly")
Costco last fiscal year
=hf_Asset_Turnover("MSFT", 2023, , "TTM")
Microsoft TTM
=hf_Asset_Turnover(A1, B1, C1)
Cell references

When to Use

  • Analyzing operational efficiency
  • Comparing asset utilization across companies
  • DuPont analysis (ROE decomposition)
  • Identifying asset-light vs asset-heavy businesses
  • Evaluating management effectiveness

When NOT to Use

Scenario Use Instead
Need total assets hf_Total_Assets()
Need revenue hf_Revenue()
Need inventory turnover hf_Inventory_Turnover()
Need receivables turnover hf_Receivables_Turnover()

Common Issues & FAQ

Q: Why do retailers have higher asset turnover? A: Retailers generate high sales relative to their assets (mostly inventory). Capital-intensive industries like utilities have much lower turnover.

Q: How do I compare across industries? A: Always compare within the same industry. Tech companies typically have different asset profiles than manufacturers.

Q: Why am I getting "NA"? A: Check that the symbol is valid and the company has sufficient data to calculate the ratio.

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