Asset Turnover (Historical) Formula in Excel

Asset Turnover (Historical) is a powerful Excel formula provided by MarketXLS that helps you evaluate how efficiently a company uses its assets to generate revenue. By understanding an organization’s Asset Turnover ratio, investors and analysts can make more informed decisions regarding efficiency, performance, and potential growth.

Understanding Asset Turnover (Historical)

• The Asset Turnover (Historical) formula calculates the ratio of a company’s net sales to its average total assets over a specific time period.
• It provides insights into how effectively the company’s assets are employed to produce revenue.
• This ratio helps analysts spot potential trends or inefficiencies and compare companies’ operational efficiency within the same sector.

? Pro Tip: A higher Asset Turnover ratio generally indicates that the company manages its assets efficiently, whereas a lower ratio suggests underutilized or inefficient use of assets.

Syntax and Parameters

Use the following syntax in Excel:

=hf_Asset_Turnover(Symbol, year, [quarter], [TTM])

Return Value

• Returns a numeric value representing the Asset Turnover ratio for the specified symbol and time period.
• If the symbol or parameters are invalid, or if there’s no data available for the requested period, the function returns "NA".

?? Note: This function requires a valid MarketXLS historical fundamentals data subscription. If the subscription is not active, the function will return an error message.

Examples and Usage

Below are some real-world usage scenarios showing different ways to call the function:

1. By specifying only the symbol and year:

   =hf_Asset_Turnover("MSFT", 2022)

   Retrieves the Asset Turnover for Microsoft in the year 2022.

2. Including symbol, year, and quarter:

   =hf_Asset_Turnover("MSFT", 2022, 2)

   Returns data specifically for Q2 of 2022.

3. Using trailing twelve months (TTM):

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

   Returns the trailing twelve months Asset Turnover from Q3 of 2022.

4. Special code periods like last quarter, last year, etc.:

   • Last quarter

     =hf_Asset_Turnover("MSFT","lq")

   • Last quarter minus one

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

   • Last year

     =hf_Asset_Turnover("MSFT","ly")

   • Last year minus one

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

   • Last twelve months

     =hf_Asset_Turnover("MSFT","lt")

   • Previous last twelve months

     =hf_Asset_Turnover("MSFT","lt-1")

Handling Dates in Different Formats

You can also leverage various date entry techniques in Excel for your parameters:

• Cell reference containing a date:

  =hf_Asset_Turnover(A1)

• Directly entering a date string:

  =hf_Asset_Turnover("2024-03-15")

• Using Excel date functions:

  =hf_Asset_Turnover(TEXT(A1,"yyyy-mm-dd"))

? Pro Tip: Combine these approaches with Excel’s built-in functions to create dynamic references and automatically update your worksheets based on live data.

Common Questions

1. What does "NA" mean?
   "NA" indicates that the requested data is not available, the symbol might be invalid, or the MarketXLS subscription for historical fundamentals is not enabled.

2. Does the function work with all symbols (indices, options, cryptos)?
   Yes, you can use regular ticker symbols (such as "MSFT"), indices (e.g., "^SPX"), options ("@MSFT 110122C00020000"), and cryptocurrencies ("BTCUSD:DEFAULT").

3. Can I automate multiple cells with different periods?
   Absolutely. You can drag or replicate the formula across columns/rows to automatically fetch multiple periods or symbols.

4. Are there any performance considerations?
   The formula fetches data from MarketXLS servers. While results typically return quickly, large batch requests or slow internet may introduce minor delays.

5. Why am I getting repeated "NA" values?
   Re-check your Symbol, year, quarter, TTM inputs and confirm that your MarketXLS data subscription for historical fundamentals is active.

?? Note: For best performance, ensure you have a stable connection and consider batching formula calls to avoid overloading data requests.

Using the Asset Turnover (Historical) formula in Excel with MarketXLS helps you gauge a company’s operational efficiency by comparing revenue generation to asset usage. Incorporate this metric into your analysis to make better-informed investment decisions.

• Related Functions:
  • Revenue (Historical): Returns the company’s total revenue for a specified historical period.
  • Cost Of Revenue (Historical): Returns the company’s total cost of revenue for a specified historical period.
  • Gross Profit (Historical): Returns the company’s gross profit for a specified historical period.
  • R & D Expenses (Historical): Returns the company’s research and development expenses for a specified historical period.
  • Selling General and Administrative Expense (Historical): Returns the company’s SG&A expenses for a specified historical period.