GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Bemis Co Inc (NYSE:BMS) » Definitions » Asset Turnover

Bemis Co (Bemis Co) Asset Turnover : 0.28 (As of Mar. 2019)


View and export this data going back to 1966. Start your Free Trial

What is Bemis Co Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Bemis Co's Revenue for the three months ended in Mar. 2019 was $1,001 Mil. Bemis Co's Total Assets for the quarter that ended in Mar. 2019 was $3,609 Mil. Therefore, Bemis Co's Asset Turnover for the quarter that ended in Mar. 2019 was 0.28.

Asset Turnover is linked to ROE % through Du Pont Formula. Bemis Co's annualized ROE % for the quarter that ended in Mar. 2019 was 19.61%. It is also linked to ROA % through Du Pont Formula. Bemis Co's annualized ROA % for the quarter that ended in Mar. 2019 was 6.69%.


Bemis Co Asset Turnover Historical Data

The historical data trend for Bemis Co'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.

Bemis Co Asset Turnover Chart

Bemis Co Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.13 1.15 1.11 1.09 1.13

Bemis Co Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 0.28 0.28 0.28 0.28 0.28

Competitive Comparison of Bemis Co's Asset Turnover

For the Packaging & Containers subindustry, Bemis Co'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.


Bemis Co's Asset Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Bemis Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Bemis Co's Asset Turnover falls into.



Bemis Co Asset Turnover Calculation

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

Bemis Co's Asset Turnover for the fiscal year that ended in Dec. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2018 )/( (Total Assets (A: Dec. 2017 )+Total Assets (A: Dec. 2018 ))/ count )
=4089.9/( (3699.9+3571)/ 2 )
=4089.9/3635.45
=1.13

Bemis Co's Asset Turnover for the quarter that ended in Mar. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2019 )/( (Total Assets (Q: Dec. 2018 )+Total Assets (Q: Mar. 2019 ))/ count )
=1001.4/( (3571+3647.8)/ 2 )
=1001.4/3609.4
=0.28

* 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.


Bemis Co  (NYSE:BMS) Asset Turnover Explanation

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

Bemis Co's annulized ROE % for the quarter that ended in Mar. 2019 is

ROE %**(Q: Mar. 2019 )
=Net Income/Total Stockholders Equity
=241.6/1232.05
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(241.6 / 4005.6)*(4005.6 / 3609.4)*(3609.4/ 1232.05)
=Net Margin %*Asset Turnover*Equity Multiplier
=6.03 %*1.1098*2.9296
=ROA %*Equity Multiplier
=6.69 %*2.9296
=19.61 %

Note: The Net Income data used here is four times the quarterly (Mar. 2019) net income data. The Revenue data used here is four times the quarterly (Mar. 2019) 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:

Bemis Co's annulized ROA % for the quarter that ended in Mar. 2019 is

ROA %(Q: Mar. 2019 )
=Net Income/Total Assets
=241.6/3609.4
=(Net Income / Revenue)*(Revenue / Total Assets)
=(241.6 / 4005.6)*(4005.6 / 3609.4)
=Net Margin %*Asset Turnover
=6.03 %*1.1098
=6.69 %

Note: The Net Income data used here is four times the quarterly (Mar. 2019) net income data. The Revenue data used here is four times the quarterly (Mar. 2019) 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.


Bemis Co Asset Turnover Related Terms

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


Bemis Co (Bemis Co) Business Description

Traded in Other Exchanges
N/A
Address
2301 Industrial Drive, Neenah, WI, USA, 54957-0669
Bemis manufactures flexible packaging, primarily for the food industry, but also for the medical and consumer product industries. In coming years, we expect the company to look to make bolt-on acquisitions and invest in higher-end packaging technologies.
Executives
Deursen Holly Van director 21211 NORDHOFF STREET, CHATSWORTH CA 91311
William E Jackson officer: Senior Vice President ONE NEENAH CENTER, 4TH FLOOR P.O. BOX 669 NEENAH WI 54957
Adele M. Gulfo director ONE NEENAH CENTER, 4TH FLOOR, P.O. BOX 669, NEENAH WI 54957
William F. Austen director, officer: President & CEO 222 SOUTH 9TH STREET, SUITE 2300, MINNEAPOLIS MN 55402-4099
Robert H Yanker director 3505 RIVERLY ROAD, ATLANTA GA 30327
Michael B Clauer officer: Senior Vice President
Marran H. Ogilvie director 599 LEXINGTON AVENUE, NEW YORK NY 10022
Philip G Weaver director COOPER TIRE & RUBBER CO, 701 LIMA AVE, FINDLAY OH 45840
Arun Nayar director 9 MARSHAL LANE, WESTON CT 06883
Louis Fred Stephan officer: President Bemis North America 2301 INDUSTRIAL DRIVE, NEENAH WI 54956
David T Szczupak director WHIRLPOOL CORPORATION, 2000 M63N, BENTON HARBOR MI 49022
Sheri H. Edison officer: Chief Legal Officer 1069 STATE ROUTE 46 EAST, BATESVILLE IN 47006
Timothy Manganello director, other: Chairman of the Board 3850 HAMLIN RD., AUBURN HILLS MI 48326
David S Haffner director
Guillermo Novo director AIR PRODUCTS AND CHEMICALS, INC., 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195