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B/E Aerospace (B/E Aerospace) Asset Turnover : 0.22 (As of Dec. 2016)


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What is B/E Aerospace Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. B/E Aerospace's Revenue for the three months ended in Dec. 2016 was $730 Mil. B/E Aerospace's Total Assets for the quarter that ended in Dec. 2016 was $3,360 Mil. Therefore, B/E Aerospace's Asset Turnover for the quarter that ended in Dec. 2016 was 0.22.

Asset Turnover is linked to ROE % through Du Pont Formula. B/E Aerospace's annualized ROE % for the quarter that ended in Dec. 2016 was 118.49%. It is also linked to ROA % through Du Pont Formula. B/E Aerospace's annualized ROA % for the quarter that ended in Dec. 2016 was 7.19%.


B/E Aerospace Asset Turnover Historical Data

The historical data trend for B/E Aerospace'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.

B/E Aerospace Asset Turnover Chart

B/E Aerospace Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.69 0.65 0.58 0.86 0.90

B/E Aerospace Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
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 0.21 0.23 0.23 0.22 0.22

Competitive Comparison of B/E Aerospace's Asset Turnover

For the Aerospace & Defense subindustry, B/E Aerospace'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.


B/E Aerospace's Asset Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, B/E Aerospace's Asset Turnover distribution charts can be found below:

* The bar in red indicates where B/E Aerospace's Asset Turnover falls into.



B/E Aerospace Asset Turnover Calculation

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

B/E Aerospace's Asset Turnover for the fiscal year that ended in Dec. 2016 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2016 )/( (Total Assets (A: Dec. 2015 )+Total Assets (A: Dec. 2016 ))/ count )
=2932.9/( (3140.9+3370.1)/ 2 )
=2932.9/3255.5
=0.90

B/E Aerospace's Asset Turnover for the quarter that ended in Dec. 2016 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2016 )/( (Total Assets (Q: Sep. 2016 )+Total Assets (Q: Dec. 2016 ))/ count )
=730.4/( (3349.2+3370.1)/ 2 )
=730.4/3359.65
=0.22

* 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.


B/E Aerospace  (NAS:BEAV) Asset Turnover Explanation

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

B/E Aerospace's annulized ROE % for the quarter that ended in Dec. 2016 is

ROE %**(Q: Dec. 2016 )
=Net Income/Total Stockholders Equity
=241.6/203.9
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(241.6 / 2921.6)*(2921.6 / 3359.65)*(3359.65/ 203.9)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.27 %*0.8696*16.4769
=ROA %*Equity Multiplier
=7.19 %*16.4769
=118.49 %

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

B/E Aerospace's annulized ROA % for the quarter that ended in Dec. 2016 is

ROA %(Q: Dec. 2016 )
=Net Income/Total Assets
=241.6/3359.65
=(Net Income / Revenue)*(Revenue / Total Assets)
=(241.6 / 2921.6)*(2921.6 / 3359.65)
=Net Margin %*Asset Turnover
=8.27 %*0.8696
=7.19 %

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


B/E Aerospace Asset Turnover Related Terms

Thank you for viewing the detailed overview of B/E Aerospace's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


B/E Aerospace (B/E Aerospace) Business Description

Traded in Other Exchanges
N/A
Address
B/E Aerospace Inc is a Delaware corporation incorporated in 1987. The Company manufactures aircraft cabin interior products. It designs, develops and manufactures products for both commercial aircrafts and business jets. It offers products including aircraft cabin seating, lighting systems, oxygen systems, food and beverage preparation and storage equipment, galley systems, and modular lavatory systems. It also provides cabin interior reconfiguration, program management and certification services. In addition, it also designs, engineers and manufactures customized and fully integrated thermal and power management solutions. The Company sells and supports its products through its direct sales and product support organization. The Company's operations are subject to changing federal, state and foreign laws and regulations establishing health and environmental quality standards, including those governing discharges of pollutants into the air and water and the management and disposal of hazardous substances and wastes.
Executives
James F Albaugh director C/O THE BOEING COMPANY, 100 NORTH RIVERSIDE PLAZA, CHICAGO IL 60606
David J Anderson director C/O HONEYWELL INTERNATIONAL INC, 101 COLUMBIA ROAD, MORRISTOWN NJ 09762
Mary M Vandeweghe director 1601 W. DIEHL ROAD, NAPERVILLE IL 60563
Amin J Khoury director, officer: Executive Chairman 1300 CORPORATE CENTER WAY, WELLINGTON FL 33414
Joseph T Lower officer: VP and CFO 200 SW 1ST AVE, SUITE 1600, FORT LAUDERDALE FL 33301
Richard Hamermesh director C/O BE AEROSPACE, INC., 1400 CORPORATE CENTER WAY, WELLINGTON FL 33414
John T Whates director 1400 CORPORATE CENTER WAY, WELLINGTON FL 33414
John A Cuomo officer: Vice President & GM 6348 WALKER LANE, ALEXANDRIA VA 22310
Thomas P Mccaffrey officer: Sr. VP & CFO 1300 CORPORATE CENTER WAY, WELLINGTON FL 33414
Charles L Chadwell director C/O BE AEROSPACE, INC., 1400 CORPORATE CENTER WAY, WELLINGTON FL 33414
Kyri Loupis other: VP/CFO Consumable Mgmt Grp C/O JULIEN YOO, GOLDMAN SACHS, 200 WEST STREET, NEW YORK NY 10282
David C Hurley director C/O BE AEROSPACE INC, 1400 CORPORATE CENTERWAY, WELLINGTON FL 33414
Brian H Rowe director 538 COMMONS DRIVE, GOLDEN CO 80401

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