GURUFOCUS.COM » STOCK LIST » Technology » Software » Agent Information Software Inc (OTCPK:AIFS) » Definitions » Asset Turnover

Agent Information Software (Agent Information Software) Asset Turnover : 0.32 (As of Dec. 2003)


View and export this data going back to . Start your Free Trial

What is Agent Information Software Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Agent Information Software's Revenue for the three months ended in Dec. 2003 was $1.33 Mil. Agent Information Software's Total Assets for the quarter that ended in Dec. 2003 was $4.17 Mil. Therefore, Agent Information Software's Asset Turnover for the quarter that ended in Dec. 2003 was 0.32.

Asset Turnover is linked to ROE % through Du Pont Formula. Agent Information Software's annualized ROE % for the quarter that ended in Dec. 2003 was 3.44%. It is also linked to ROA % through Du Pont Formula. Agent Information Software's annualized ROA % for the quarter that ended in Dec. 2003 was 1.92%.


Agent Information Software Asset Turnover Historical Data

The historical data trend for Agent Information Software'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.

Agent Information Software Asset Turnover Chart

Agent Information Software Annual Data
Trend Dec99 Dec00 Dec01 Dec02 Dec03
Asset Turnover
0.79 0.89 1.24 1.27 1.30

Agent Information Software Quarterly Data
Dec99 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03
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 0.37 0.33 0.33 0.34 0.32

Competitive Comparison of Agent Information Software's Asset Turnover

For the Software - Application subindustry, Agent Information Software'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.


Agent Information Software's Asset Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Agent Information Software's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Agent Information Software's Asset Turnover falls into.



Agent Information Software Asset Turnover Calculation

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

Agent Information Software's Asset Turnover for the fiscal year that ended in Dec. 2003 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2003 )/( (Total Assets (A: Dec. 2002 )+Total Assets (A: Dec. 2003 ))/ count )
=5.772/( (4.719+4.164)/ 2 )
=5.772/4.4415
=1.30

Agent Information Software's Asset Turnover for the quarter that ended in Dec. 2003 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2003 )/( (Total Assets (Q: Sep. 2003 )+Total Assets (Q: Dec. 2003 ))/ count )
=1.329/( (4.18+4.164)/ 2 )
=1.329/4.172
=0.32

* 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.


Agent Information Software  (OTCPK:AIFS) Asset Turnover Explanation

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

Agent Information Software's annulized ROE % for the quarter that ended in Dec. 2003 is

ROE %**(Q: Dec. 2003 )
=Net Income/Total Stockholders Equity
=0.08/2.328
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(0.08 / 5.316)*(5.316 / 4.172)*(4.172/ 2.328)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.5 %*1.2742*1.7921
=ROA %*Equity Multiplier
=1.92 %*1.7921
=3.44 %

Note: The Net Income data used here is four times the quarterly (Dec. 2003) net income data. The Revenue data used here is four times the quarterly (Dec. 2003) 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:

Agent Information Software's annulized ROA % for the quarter that ended in Dec. 2003 is

ROA %(Q: Dec. 2003 )
=Net Income/Total Assets
=0.08/4.172
=(Net Income / Revenue)*(Revenue / Total Assets)
=(0.08 / 5.316)*(5.316 / 4.172)
=Net Margin %*Asset Turnover
=1.5 %*1.2742
=1.92 %

Note: The Net Income data used here is four times the quarterly (Dec. 2003) net income data. The Revenue data used here is four times the quarterly (Dec. 2003) 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.


Agent Information Software Asset Turnover Related Terms

Thank you for viewing the detailed overview of Agent Information Software's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Agent Information Software (Agent Information Software) Business Description

Traded in Other Exchanges
N/A
Address
760 East Francis Street, Units C & D, Ontario, CA, USA, 91761
Agent Information Software Inc provides software products and services that create, manage, publish, and access information content through the Internet or the web. The company offers data automation solutions to customers across multiple industries. Additionally, it also renders software as a service (SaaS), database subscriptions, software maintenance, and support contract services. The Company derives its revenues from various software subscriptions, maintenance and support services, licensing and other non-recurring services.