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AmTrust Financial Services (AmTrust Financial Services) Asset Turnover

: 0.06 (As of Sep. 2018)
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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. AmTrust Financial Services's Revenue for the three months ended in Sep. 2018 was $1,585 Mil. AmTrust Financial Services's Total Assets for the quarter that ended in Sep. 2018 was $25,726 Mil. Therefore, AmTrust Financial Services's Asset Turnover for the quarter that ended in Sep. 2018 was 0.06.

Asset Turnover is linked to ROE % through Du Pont Formula. AmTrust Financial Services's annualized ROE % for the quarter that ended in Sep. 2018 was -7.82%. It is also linked to ROA % through Du Pont Formula. AmTrust Financial Services's annualized ROA % for the quarter that ended in Sep. 2018 was -1.06%.


AmTrust Financial Services Asset Turnover Historical Data

The historical data trend for AmTrust Financial Services'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.

AmTrust Financial Services Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.29 0.33 0.30 0.27 0.24

AmTrust Financial Services Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Asset Turnover 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 Premium Member Only Premium Member Only Premium Member Only 0.06 0.05 0.06 0.05 0.06

Competitive Comparison

For the Insurance - Property & Casualty subindustry, AmTrust Financial Services'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.


AmTrust Financial Services Asset Turnover Distribution

For the Insurance industry and Financial Services sector, AmTrust Financial Services's Asset Turnover distribution charts can be found below:

* The bar in red indicates where AmTrust Financial Services's Asset Turnover falls into.



AmTrust Financial Services Asset Turnover Calculation

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

AmTrust Financial Services's Asset Turnover for the fiscal year that ended in Dec. 2017 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2017 )/( (Total Assets (A: Dec. 2016 )+Total Assets (A: Dec. 2017 ))/ count )
=5816.587/( (22614.668+25218.63)/ 2 )
=5816.587/23916.649
=0.24

AmTrust Financial Services's Asset Turnover for the quarter that ended in Sep. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2018 )/( (Total Assets (Q: Jun. 2018 )+Total Assets (Q: Sep. 2018 ))/ count )
=1584.5/( (25761.3+25689.9)/ 2 )
=1584.5/25725.6
=0.06

* 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.


AmTrust Financial Services  (NAS:AFSI) Asset Turnover Explanation

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

AmTrust Financial Services's annulized ROE % for the quarter that ended in Sep. 2018 is

ROE %**(Q: Sep. 2018 )
=Net Income/Total Stockholders Equity
=-271.6/3474.05
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-271.6 / 6338)*(6338 / 25725.6)*(25725.6/ 3474.05)
=Net Margin %*Asset Turnover*Equity Multiplier
=-4.29 %*0.2464*7.4051
=ROA %*Equity Multiplier
=-1.06 %*7.4051
=-7.82 %

Note: The Net Income data used here is four times the quarterly (Sep. 2018) net income data. The Revenue data used here is four times the quarterly (Sep. 2018) 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:

AmTrust Financial Services's annulized ROA % for the quarter that ended in Sep. 2018 is

ROA %(Q: Sep. 2018 )
=Net Income/Total Assets
=-271.6/25725.6
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-271.6 / 6338)*(6338 / 25725.6)
=Net Margin %*Asset Turnover
=-4.29 %*0.2464
=-1.06 %

Note: The Net Income data used here is four times the quarterly (Sep. 2018) net income data. The Revenue data used here is four times the quarterly (Sep. 2018) 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.


AmTrust Financial Services Asset Turnover Related Terms

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AmTrust Financial Services (AmTrust Financial Services) Business Description

Address
59 Maiden Lane, 43rd Floor, New York, NY, USA, 10038
AmTrust Financial Services Inc is a multinational company that underwrites and provides property and casualty insurance products. The company specializes in coverage for small to mid-sized businesses, with a philosophical focus on niche diversity and low-hazard risk. AmTrust's business model strives to achieve its profit goals through geographic and product diversification. The company reports three business segments: Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program. The vast majority of revenues is derived from its Small Commercial Business risk.
Executives
Chris C Stroup director C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Shettle John F Jr director C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Peter Dewey officer: Head of International C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Christopher Foy officer: Head of N. American Commercial C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Barry D Zyskind director, 10 percent owner, officer: Chairman, President and CEO C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Ariel Gorelik officer: SVP, Chief Information Officer C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Raul Rivera director C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Adam Karkowsky officer: EVP, Chief Financial Officer C/O AMTRUST FINANCIAL SERVICES INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Stephen Ungar officer: SVP, GC and Secretary C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Susan Fisch director C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
David Saks officer: EVP, Chief Legal Officer 59 MAIDEN LANE, NEW YORK NY 10038
Christopher Longo officer: EVP, Chief Operating Officer 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Abraham Gulkowitz director C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Michael J Saxon officer: EVP - U.S. Commercial Lines C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Leah Karfunkel director, 10 percent owner C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038

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