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Alliance Fiber Optic Products (Alliance Fiber Optic Products) Asset Turnover : 0.16 (As of Mar. 2016)


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What is Alliance Fiber Optic Products Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Alliance Fiber Optic Products's Revenue for the three months ended in Mar. 2016 was $12.49 Mil. Alliance Fiber Optic Products's Total Assets for the quarter that ended in Mar. 2016 was $80.19 Mil. Therefore, Alliance Fiber Optic Products's Asset Turnover for the quarter that ended in Mar. 2016 was 0.16.

Asset Turnover is linked to ROE % through Du Pont Formula. Alliance Fiber Optic Products's annualized ROE % for the quarter that ended in Mar. 2016 was -3.40%. It is also linked to ROA % through Du Pont Formula. Alliance Fiber Optic Products's annualized ROA % for the quarter that ended in Mar. 2016 was -2.67%.


Alliance Fiber Optic Products Asset Turnover Historical Data

The historical data trend for Alliance Fiber Optic Products'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.

Alliance Fiber Optic Products Asset Turnover Chart

Alliance Fiber Optic Products Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.60 0.65 0.89 0.84 0.87

Alliance Fiber Optic Products Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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 0.20 0.23 0.17 0.18 0.16

Competitive Comparison of Alliance Fiber Optic Products's Asset Turnover

For the Electronic Components subindustry, Alliance Fiber Optic Products'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.


Alliance Fiber Optic Products's Asset Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Alliance Fiber Optic Products's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Alliance Fiber Optic Products's Asset Turnover falls into.



Alliance Fiber Optic Products Asset Turnover Calculation

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

Alliance Fiber Optic Products's Asset Turnover for the fiscal year that ended in Dec. 2015 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2015 )/( (Total Assets (A: Dec. 2014 )+Total Assets (A: Dec. 2015 ))/ count )
=81.189/( (105.173+80.633)/ 2 )
=81.189/92.903
=0.87

Alliance Fiber Optic Products's Asset Turnover for the quarter that ended in Mar. 2016 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2016 )/( (Total Assets (Q: Dec. 2015 )+Total Assets (Q: Mar. 2016 ))/ count )
=12.485/( (80.633+79.743)/ 2 )
=12.485/80.188
=0.16

* 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.


Alliance Fiber Optic Products  (NAS:AFOP) Asset Turnover Explanation

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

Alliance Fiber Optic Products's annulized ROE % for the quarter that ended in Mar. 2016 is

ROE %**(Q: Mar. 2016 )
=Net Income/Total Stockholders Equity
=-2.144/63.0855
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-2.144 / 49.94)*(49.94 / 80.188)*(80.188/ 63.0855)
=Net Margin %*Asset Turnover*Equity Multiplier
=-4.29 %*0.6228*1.2711
=ROA %*Equity Multiplier
=-2.67 %*1.2711
=-3.40 %

Note: The Net Income data used here is four times the quarterly (Mar. 2016) net income data. The Revenue data used here is four times the quarterly (Mar. 2016) 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:

Alliance Fiber Optic Products's annulized ROA % for the quarter that ended in Mar. 2016 is

ROA %(Q: Mar. 2016 )
=Net Income/Total Assets
=-2.144/80.188
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-2.144 / 49.94)*(49.94 / 80.188)
=Net Margin %*Asset Turnover
=-4.29 %*0.6228
=-2.67 %

Note: The Net Income data used here is four times the quarterly (Mar. 2016) net income data. The Revenue data used here is four times the quarterly (Mar. 2016) 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.


Alliance Fiber Optic Products Asset Turnover Related Terms

Thank you for viewing the detailed overview of Alliance Fiber Optic Products's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Alliance Fiber Optic Products (Alliance Fiber Optic Products) Business Description

Traded in Other Exchanges
N/A
Address
Alliance Fiber Optic Products Inc was incorporated in California on December 12, 1995. The Company designs, manufactures and markets fiber optic components and integrated modules incorporating these components, for communications equipment manufacturers and service providers. The Company products including interconnect devices that are used to connect optical fibers and components, couplers and splitters that are used to divide and combine optical power, and dense wavelength division multiplexing, or DWDM, devices that separate and combine multiple specific wavelengths. Its lines of optical products support the needs of current and next generation optical network systems applications. Its connectivity product family provides a comprehensive line of optical interconnect devices, couplers and splitters, PLC (planar lightwave circuits) and related optical products, as well as customized integrated modules incorporating these devices. Its optical passive products include WDM, CWDM and DWDM components and modules that utilize thin film filter technologies to separate optical signals, variable attenuators, optical switches and other optical devices utilizing micro optic lensing technology including integrated electro-optical modules incorporating these products. It sells its products to communications equipment manufacturers in the United States and also maintain a sales support staff in Taiwan to service customers based in the Asia Pacific region. The Companys main competitors in the components market include JDS Uniphase Corp., Oclaro Inc., Oplink Communications, Inc., Senko Advanced Components and TE Connectivity.
Executives
Hon Hai Precision Ind. Co., Ltd. 10 percent owner NO. 2 ZIYOU ST. TUCHENG DISTRICT, NEW TAIPEI F4 23678
Richard B Black director

Alliance Fiber Optic Products (Alliance Fiber Optic Products) Headlines