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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. Education Management's Revenue for the three months ended in Jun. 2014 was $503 Mil. Education Management's Total Assets for the quarter that ended in Jun. 2014 was $1,877 Mil. Therefore, Education Management's Asset Turnover for the quarter that ended in Jun. 2014 was 0.27.
Asset Turnover is linked to ROE % through Du Pont Formula. Education Management's annualized ROE % for the quarter that ended in Jun. 2014 was 389.47%. It is also linked to ROA % through Du Pont Formula. Education Management's annualized ROA % for the quarter that ended in Jun. 2014 was -40.03%.
The historical data trend for Education 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.
Education Management Annual Data | |||||||||||||||||||||
Trend | Jun05 | Jun06 | Jun07 | Jun08 | Jun09 | Jun10 | Jun11 | Jun12 | Jun13 | Jun14 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 0.57 | 0.64 | 0.75 | 0.95 | 1.06 |
Education Management Quarterly Data | ||||||||||||||||||||
Sep09 | Dec09 | Mar10 | Jun10 | Sep10 | Dec10 | Mar11 | Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | |
Asset Turnover | Get a 7-Day Free Trial | 0.25 | 0.24 | 0.25 | 0.29 | 0.27 |
For the Education & Training Services subindustry, Education 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.
For the Education industry and Consumer Defensive sector, Education Management's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Education Management's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Education Management's Asset Turnover for the fiscal year that ended in Jun. 2014 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Jun. 2014 ) | / | ( (Total Assets (A: Jun. 2013 ) | + | Total Assets (A: Jun. 2014 )) | / count ) |
= | 2272.736 | / | ( (2423.356 | + | 1877.036) | / 2 ) |
= | 2272.736 | / | 2150.196 | |||
= | 1.06 |
Education Management's Asset Turnover for the quarter that ended in Jun. 2014 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Jun. 2014 ) | / | ( (Total Assets (Q: Mar. 2014 ) | + | Total Assets (Q: Jun. 2014 )) | / count ) |
= | 503.481 | / | ( (1877.35 | + | 1877.036) | / 2 ) |
= | 503.481 | / | 1877.193 | |||
= | 0.27 |
* 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.
Education Management (OTCPK:EDMCQ) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Education Management's annulized ROE % for the quarter that ended in Jun. 2014 is
ROE %** | (Q: Jun. 2014 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -751.38 | / | -192.923 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-751.38 / 2013.924) | * | (2013.924 / 1877.193) | * | (1877.193/ -192.923) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -37.31 % | * | 1.0728 | * | -9.7303 |
= | ROA % | * | Equity Multiplier | ||
= | -40.03 % | * | -9.7303 | ||
= | 389.47 % |
Note: The Net Income data used here is four times the quarterly (Jun. 2014) net income data. The Revenue data used here is four times the quarterly (Jun. 2014) 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:
Education Management's annulized ROA % for the quarter that ended in Jun. 2014 is
ROA % | (Q: Jun. 2014 ) | ||
= | Net Income | / | Total Assets |
= | -751.38 | / | 1877.193 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-751.38 / 2013.924) | * | (2013.924 / 1877.193) |
= | Net Margin % | * | Asset Turnover |
= | -37.31 % | * | 1.0728 |
= | -40.03 % |
Note: The Net Income data used here is four times the quarterly (Jun. 2014) net income data. The Revenue data used here is four times the quarterly (Jun. 2014) 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.
Thank you for viewing the detailed overview of Education Management's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Carol Dibattiste | officer: See Remarks | 1155 W FREDERICK SMALL RD, JUPITER FL 33458 |
Mick J Beekhuizen | officer: See Remarks | C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004 |
Edward H West | director, officer: See Remarks | 3250 BRIARPARK DR, SUITE 400, HOUSTON TX 77042 |
Citigroup Inc | 10 percent owner | 388 GREENWICH STREET, NEW YORK NY 10013 |
James Hobby | officer: See Remarks | 400 N ASHLEY DRIVE SUITE 2800 TAMPA FL 33602 |
John Robert Kline | officer: See Remarks | PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173 |
Jonathan M Nelson | 10 percent owner | C/O PROVIDENCE EQUITY PARTNERS, L.L.C., 50 KENNEDY PLAZA, 18TH FL, PROVIDENCE RI 02903 |
Robert G. Hrivnak | officer: See Remarks | C/O ORION ENGINEERED CARBONS S.A., 4501 MAGNOLIA COVE DRIVE, SUITE 106, HOUSTON TX 77345 |
Jeffrey T Leeds | director | 660 MADISON AVE 15TH FL, NEW YORK NY 10021 |
Samuel C Cowley | director | 2200 SOUTH 75TH AVENUE, PHOENIX AZ 85043 |
Brian A. Napack | director | C/O JOHN WILEY & SONS, INC., 111 RIVER STREET, HOBOKEN NJ 07030 |
Providence Equity Gp Iv L.p. | 10 percent owner | 50 KENNEDY PLAZA, PROVIDENCE RI 02903 |
Providence Equity Partners Iv, L.l.c. | 10 percent owner | 50 KENNEDY PLAZA, PROVIDENCE RI 02903 |
Providence Equity Partners Iv Lp | 10 percent owner | |
William R Johnson | director | UNITED PARCEL SERVICE, INC., 55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328 |
From GuruFocus
By gurufocus 10qk • 05-12-2010
By gurufocus 10qk • 02-11-2011
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