Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Clarcor's Revenue for the
three
months ended in Nov. 2016 was $377 Mil. Clarcor's Total Assets for the quarter that ended in Nov. 2016 was $1,749 Mil. Therefore, Clarcor's Asset Turnover for the quarter that ended in Nov. 2016 was 0.22.
Asset Turnover is linked to ROE % through Du Pont Formula. Clarcor's annualizedROE % for the quarter that ended in Nov. 2016 was 10.13%. It is also linked to ROA % through Du Pont Formula. Clarcor's annualizedROA % for the quarter that ended in Nov. 2016 was 6.63%.
Clarcor Asset Turnover Historical Data
The historical data trend for Clarcor'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.
Competitive Comparison of Clarcor's Asset Turnover
For the Pollution & Treatment Controls subindustry, Clarcor'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.
Clarcor's Asset Turnover Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Clarcor's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Clarcor's Asset Turnover falls into.
Clarcor Asset Turnover Calculation
Asset Turnover measures how quickly a company turns over its asset through sales.
Clarcor's Asset Turnover for the fiscal year that ended in Nov. 2016 is calculated as
* 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.
Clarcor (NYSE:CLC) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Clarcor's annulizedROE % for the quarter that ended in Nov. 2016 is
Note:
The Net Income data used here is four times the quarterly (Nov. 2016) net income data. The Revenue data used here is four times the quarterly (Nov. 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:
Clarcor's annulizedROA % for the quarter that ended in Nov. 2016 is
Note:
The Net Income data used here is four times the quarterly (Nov. 2016) net income data. The Revenue data used here is four times the quarterly (Nov. 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.
Clarcor Asset Turnover Related Terms
Thank you for viewing the detailed overview of Clarcor's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Clarcor Inc was organized in 1904 as an Illinois corporation and in 1969 was reincorporated in the State of Delaware. The Company conducts business in three main industry segments: Engine/ Mobile Filtration; Industrial/ Environmental Filtration; and Packaging. The Company's Engine/Mobile Filtration segment manufactures and sells filtration products for engines used in stationary power generation and for engines in mobile equipment applications, including trucks, automobiles, buses and locomotives, and marine, construction, industrial, mining and agricultural equipment. The products in the Engine/Mobile Filtration segment include oil, air, fuel, coolant, transmission and hydraulic fluid filters which are used in a variety of applications and in processes where filter efficiency, capacity and reliability are essential. The Company's Industrial/Environmental Filtration segment includes liquid process filtration products and air filtration products and systems used to maintain high interior air quality and to control exterior pollution. The segment's liquid process filtration products include specialty industrial process liquid filters; filters for pharmaceutical processes and beverages; filtration systems, filters and coalescers for the oil and natural gas industry; filtration systems for aircraft refueling, anti-pollution, sewage treatment and water recycling; bilge water separators; sand control filters for oil and gas drilling; and woven wire and metallic products for filtration of plastics and polymer fibers. These filters use a variety of string wound, meltblown, porous and sintered and non-sintered metal media, woven wire and absorbent media. The segment's air filtration products represent air filters and cleaners, including antimicrobial treated filters and high efficiency electronic air cleaners. These products are used in commercial buildings, hospitals, factories, residential buildings, residences, paint spray booths, gas turbine systems, medical facilities, motor vehicle cabins, aircraft cabins, clean rooms, compressors and dust collector systems. The Company's Packaging segment is conducted by a wholly-owned subsidiary, J.L. Clark, Inc. Products in both the Engine/Mobile Filtration and Industrial/Environmental Filtration segments are sold through a combination of independent distributors, dealers for original equipment manufacturers, retail stores and directly to end-use customers such as truck and equipment fleet users, manufacturing companies and contractors. The primary raw materials the Company uses to manufacture and package its products include various types of steel, adhesives, petrochemical-based materials, wood based products and filter medias made from materials such as wood pulps, metals, polyester, polypropylene, fiberglass and other synthetic fibers. Products in both the Engine/Mobile Filtration and Industrial/Environmental Filtration segments are sold through a combination of independent distributors, OEMs
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