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Dynasil of America (Dynasil of America) Asset Turnover : 0.35 (As of Sep. 2019)


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What is Dynasil of America Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Dynasil of America's Revenue for the three months ended in Sep. 2019 was $11.05 Mil. Dynasil of America's Total Assets for the quarter that ended in Sep. 2019 was $31.46 Mil. Therefore, Dynasil of America's Asset Turnover for the quarter that ended in Sep. 2019 was 0.35.

Asset Turnover is linked to ROE % through Du Pont Formula. Dynasil of America's annualized ROE % for the quarter that ended in Sep. 2019 was -1.87%. It is also linked to ROA % through Du Pont Formula. Dynasil of America's annualized ROA % for the quarter that ended in Sep. 2019 was -1.14%.


Dynasil of America Asset Turnover Historical Data

The historical data trend for Dynasil of America'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.

Dynasil of America Asset Turnover Chart

Dynasil of America Annual Data
Trend Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.59 1.71 1.34 1.34 1.40

Dynasil of America Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 0.35 0.33 0.38 0.35 0.35

Competitive Comparison of Dynasil of America's Asset Turnover

For the Scientific & Technical Instruments subindustry, Dynasil of America'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.


Dynasil of America's Asset Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Dynasil of America's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Dynasil of America's Asset Turnover falls into.



Dynasil of America Asset Turnover Calculation

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

Dynasil of America's Asset Turnover for the fiscal year that ended in Sep. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Sep. 2019 )/( (Total Assets (A: Sep. 2018 )+Total Assets (A: Sep. 2019 ))/ count )
=43.701/( (31.532+30.827)/ 2 )
=43.701/31.1795
=1.40

Dynasil of America's Asset Turnover for the quarter that ended in Sep. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2019 )/( (Total Assets (Q: Jun. 2019 )+Total Assets (Q: Sep. 2019 ))/ count )
=11.051/( (32.09+30.827)/ 2 )
=11.051/31.4585
=0.35

* 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.


Dynasil of America  (OTCPK:DYSL) Asset Turnover Explanation

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

Dynasil of America's annulized ROE % for the quarter that ended in Sep. 2019 is

ROE %**(Q: Sep. 2019 )
=Net Income/Total Stockholders Equity
=-0.36/19.232
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.36 / 44.204)*(44.204 / 31.4585)*(31.4585/ 19.232)
=Net Margin %*Asset Turnover*Equity Multiplier
=-0.81 %*1.4052*1.6357
=ROA %*Equity Multiplier
=-1.14 %*1.6357
=-1.87 %

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

Dynasil of America's annulized ROA % for the quarter that ended in Sep. 2019 is

ROA %(Q: Sep. 2019 )
=Net Income/Total Assets
=-0.36/31.4585
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.36 / 44.204)*(44.204 / 31.4585)
=Net Margin %*Asset Turnover
=-0.81 %*1.4052
=-1.14 %

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


Dynasil of America Asset Turnover Related Terms

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Dynasil of America (Dynasil of America) Business Description

Traded in Other Exchanges
N/A
Address
313 Washington Street, Suite 403, Newton, MA, USA, 02458
Dynasil Corp of America is a US-based company. It operates in three segments. The Optics segment, which is the key revenue driver, encompasses Dynasil Fused Silica, Evaporated Metal Films, Hilger Crystals, and Optometrics. It manufactures commercial products, including optical crystals for sensing in the security and medical imaging markets, and optical components, optical coatings and optical materials for scientific instrumentation and other applications. The Innovation and Development segment consists of the Radiation Monitoring Devices. The Biomedical segment consists of Dynasil Biomedical, a medical technology incubator that owns rights to certain early-stage medical technologies.
Executives
Bowdring Robert Joseph Jr officer: Former CFO 92 GOULD STREET, WAKEFIELD MA 01880
Alan B Levine director
Lawrence Joseph Fox director C/O ABERDEEN ASSET MANAGEMENT INC., 1735 MARKET STREET - 32ND FLOOR, PHILADELPHIA PA 19103
Craig T Dunham director, 10 percent owner DYNASIL CORPORATION, 385 COOPER ROAD, WEST BERLIN NJ 08091
David Kronfeld director JK&B CAPITAL, 180 N. STETSON AVENUE, SUITE 4500, CHICAGO IL 60601
Thomas C Leonard director KADANT INC., 1 TECHONOLOGY PARK DRIVE, WESTFORD MA 01886
Gerald Entine 10 percent owner 100 BELVIDERE STREET, SUITE 10B, BOSTON MA 02199