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Champion Industries (Champion Industries) Asset Turnover : 0.68 (As of Apr. 2016)


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What is Champion Industries Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Champion Industries's Revenue for the three months ended in Apr. 2016 was $15.88 Mil. Champion Industries's Total Assets for the quarter that ended in Apr. 2016 was $23.26 Mil. Therefore, Champion Industries's Asset Turnover for the quarter that ended in Apr. 2016 was 0.68.

Asset Turnover is linked to ROE % through Du Pont Formula. Champion Industries's annualized ROE % for the quarter that ended in Apr. 2016 was -19.03%. It is also linked to ROA % through Du Pont Formula. Champion Industries's annualized ROA % for the quarter that ended in Apr. 2016 was -1.39%.


Champion Industries Asset Turnover Historical Data

The historical data trend for Champion Industries'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.

Champion Industries Asset Turnover Chart

Champion Industries Annual Data
Trend Oct06 Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.99 1.34 1.92 2.47 2.61

Champion Industries Quarterly Data
Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16
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 0.68 0.61 0.69 0.70 0.68

Competitive Comparison of Champion Industries's Asset Turnover

For the Business Equipment & Supplies subindustry, Champion Industries'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.


Champion Industries's Asset Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Champion Industries's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Champion Industries's Asset Turnover falls into.



Champion Industries Asset Turnover Calculation

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

Champion Industries's Asset Turnover for the fiscal year that ended in Oct. 2015 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Oct. 2015 )/( (Total Assets (A: Oct. 2014 )+Total Assets (A: Oct. 2015 ))/ count )
=61.285/( (24.008+22.927)/ 2 )
=61.285/23.4675
=2.61

Champion Industries's Asset Turnover for the quarter that ended in Apr. 2016 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Apr. 2016 )/( (Total Assets (Q: Jan. 2016 )+Total Assets (Q: Apr. 2016 ))/ count )
=15.875/( (22.899+23.613)/ 2 )
=15.875/23.256
=0.68

* 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.


Champion Industries  (OTCPK:CHMP) Asset Turnover Explanation

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

Champion Industries's annulized ROE % for the quarter that ended in Apr. 2016 is

ROE %**(Q: Apr. 2016 )
=Net Income/Total Stockholders Equity
=-0.324/1.703
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.324 / 63.5)*(63.5 / 23.256)*(23.256/ 1.703)
=Net Margin %*Asset Turnover*Equity Multiplier
=-0.51 %*2.7305*13.6559
=ROA %*Equity Multiplier
=-1.39 %*13.6559
=-19.03 %

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

Champion Industries's annulized ROA % for the quarter that ended in Apr. 2016 is

ROA %(Q: Apr. 2016 )
=Net Income/Total Assets
=-0.324/23.256
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.324 / 63.5)*(63.5 / 23.256)
=Net Margin %*Asset Turnover
=-0.51 %*2.7305
=-1.39 %

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


Champion Industries Asset Turnover Related Terms

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


Champion Industries (Champion Industries) Business Description

Traded in Other Exchanges
N/A
Address
2450 First Avenue, P.O. Box 2968, Huntington, WV, USA, 25728
Champion Industries Inc is a commercial printer, business form manufacturer, and supplier of office products and office furniture. The company operates principally in two industry segments organized on the basis of product lines: Printing segment and Office Products and Furniture segment. The Printing segment comprises the production, printing and sale, printed materials including brochures, pamphlets, reports, tags, continuous and other forms principally to commercial customers. The Office Product and Furniture segment are engaged in the sale of office products and office furniture including interior design services. Printing segment is the major revenue contributor to the company.
Executives
Philip E Cline director P O BOX 119 HUNTINGTON WV 25706-0119
Marshall T Reynolds director, 10 percent owner, officer: Chairman/Chief Exec. Officer 2450 FIRST AVENUE, HUNTINGTON WV 25704
Toney K Adkins officer: President and COO ROUTE 1 BOX 622 GENOA WV 25517
Todd R Fry officer: Sen.Vice Pres./Chief Fin. Off. CHAMPION INDUSTRIES, P O BOX 2968, HUNTINGTON WV 25728-2968
Mooney Harley F Jr director 1673 WOODVALE DRIVE, CHARLESTON WV 25314
Neal Scaggs director 302 CENTRAL AVENUE, LOGAN WV 25601
Wilcox Glenn W Sr director ONE WEST PACK SQUARE SUITE 1700, ASHEVILLE NC 28801

Champion Industries (Champion Industries) Headlines