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Calamos Asset Management (Calamos Asset Management) Asset Turnover

: 0.06 (As of Sep. 2016)
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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Calamos Asset Management's Revenue for the three months ended in Sep. 2016 was $48.3 Mil. Calamos Asset Management's Total Assets for the quarter that ended in Sep. 2016 was $844.5 Mil. Therefore, Calamos Asset Management's Asset Turnover for the quarter that ended in Sep. 2016 was 0.06.

Asset Turnover is linked to ROE % through Du Pont Formula. Calamos Asset Management's annualized ROE % for the quarter that ended in Sep. 2016 was 2.50%. It is also linked to ROA % through Du Pont Formula. Calamos Asset Management's annualized ROA % for the quarter that ended in Sep. 2016 was 0.55%.


Calamos Asset Management Asset Turnover Historical Data

The historical data trend for Calamos Asset Management'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.

Calamos Asset Management Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.60 0.54 0.42 0.40 0.40

Calamos Asset Management Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
Asset Turnover 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 Premium Member Only Premium Member Only Premium Member Only 0.10 0.10 0.07 0.06 0.06

Competitive Comparison

For the Asset Management subindustry, Calamos Asset Management'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.


Calamos Asset Management Asset Turnover Distribution

For the Asset Management industry and Financial Services sector, Calamos Asset Management's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Calamos Asset Management's Asset Turnover falls into.



Calamos Asset Management Asset Turnover Calculation

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

Calamos Asset Management's Asset Turnover for the fiscal year that ended in Dec. 2015 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2015 )/( (Total Assets (A: Dec. 2014 )+Total Assets (A: Dec. 2015 ))/ count )
=230.88/( (607.156+561.462)/ 2 )
=230.88/584.309
=0.40

Calamos Asset Management's Asset Turnover for the quarter that ended in Sep. 2016 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2016 )/( (Total Assets (Q: Jun. 2016 )+Total Assets (Q: Sep. 2016 ))/ count )
=48.317/( (866.188+822.716)/ 2 )
=48.317/844.452
=0.06

* 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.


Calamos Asset Management  (NAS:CLMS) Asset Turnover Explanation

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

Calamos Asset Management's annulized ROE % for the quarter that ended in Sep. 2016 is

ROE %**(Q: Sep. 2016 )
=Net Income/Total Stockholders Equity
=4.668/186.367
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(4.668 / 193.268)*(193.268 / 844.452)*(844.452/ 186.367)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.42 %*0.2289*4.5311
=ROA %*Equity Multiplier
=0.55 %*4.5311
=2.50 %

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

Calamos Asset Management's annulized ROA % for the quarter that ended in Sep. 2016 is

ROA %(Q: Sep. 2016 )
=Net Income/Total Assets
=4.668/844.452
=(Net Income / Revenue)*(Revenue / Total Assets)
=(4.668 / 193.268)*(193.268 / 844.452)
=Net Margin %*Asset Turnover
=2.42 %*0.2289
=0.55 %

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


Calamos Asset Management Asset Turnover Related Terms

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Calamos Asset Management (Calamos Asset Management) Business Description

Traded in Other Exchanges
N/A
Address
Calamos Asset Management Inc is a Delaware corporation, incorporated on July 23, 2004. It is an asset management firm that offers strategies to fulfill a range of asset allocation goals through a multi-team platform. The Company together with its subsidiaries provides investment advisory services to individuals and institutional investors through open-end funds, closed-end funds, separate accounts, offshore funds and partnerships. The company applies an investment philosophy and proprietary process centered on risk management across a range of investment strategies, including equity, balanced, convertible, high yield, alternative, fixed income and money market investments. The Company currently offers four types of investment products that fall into the categories of mutual funds and separate accounts. Funds include its open-end and closed-end funds as well as its Offshore Funds. The Company includes the Offshore Funds in open-end funds for reporting purposes. Separate accounts are individual portfolios of securities managed to meet clients specific needs and include institutional accounts and managed accounts. The Company competes in all aspects of its business with a large number of investment management firms, commercial banks, broker-dealers and insurance companies. In the United States and other countries in which it does business, it is subject to regulations and laws at both a federal and state level, including U.S. federal, state and local tax laws as well as similar foreign jurisdiction tax laws.
Executives
Keith M Schappert other: Former Director 2020 CALAMOS COURT, NAPERVILLE IL 60563
Thomas F Eggers other: Former Director CALAMOS ASSET MANAGEMENT, INC., 2020 CALAMOS COURT, NAPERVILLE IL 60563
William N Shiebler other: Former Director 2020 CALAMOS COURT, NAPERVILLE IL 60563
Robert Behan officer: Pres., Head of Global Distrib. 2020 CALAMOS COURT, NAPERVILLE IL 60563
Calamos Family Partners, Inc. 10 percent owner 2020 CALAMOS COURT, NAPERVILLE IL 60563
Calamos John P Sr director, 10 percent owner, officer: Founder, Chairman & Global CIO 2020 CALAMOS COURT, NAPERVILLE IL 60563
Mangrove Partners Fund, L.p. 10 percent owner 645 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Capital Mangrove 10 percent owner 10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022
Partners Mangrove 10 percent owner 645 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Nathaniel H. August 10 percent owner 10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022
Mangrove Partners Master Fund, Ltd. 10 percent owner 645 MADISON AVE, 14 FLOOR, NEW YORK NY 10022
Mangrove Partners Fund (cayman), Ltd. 10 percent owner MAPLES CORP. SVCS, PO BOX 309, UGLAND HOUSE, S. CHURCH STREET, GEORGE TOWN E9 KY1-1104
Thomas E Herman officer: SVP, Chief Fiancial Officer 2020 CALAMOS COURT, NAPERVILLE IL 60563
Nimish S Bhatt officer: SVP & CFO 2020 CALAMOS COURT, NAPERVILLE IL 60563
John S. Koudounis director, officer: CEO 2020 CALAMOS COURT, NAPERVILLE IL 60563

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