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Education Management (Education Management) Asset Turnover : 0.27 (As of Jun. 2014)


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Education Management Asset Turnover Definition

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%.


Education Management Asset Turnover Historical Data

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.

* Premium members only.

Education Management Annual Data
Trend Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 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 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 0.25 0.24 0.25 0.29 0.27

Competitive Comparison

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.


Education Management Asset Turnover Distribution

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.



Education Management Asset Turnover Calculation

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.


Education Management Asset Turnover Related Terms

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Education Management (Education Management) Business Description

Traded in Other Exchanges
N/A
Address
210 Sixth Avenue, 33rd Floor, Pittsburgh, PA, USA, 15222
Education Management Corp provides post-secondary education in North America. It offers academic programs to students through campus-based and online instruction, or through a combination of both. The company operates in four segments including The Art Institutes; Argosy University; Brown Mackie Colleges and South University. The Art Institutes focus on applied arts in creative professions such as graphic design, media arts, and animation, culinary arts. Brown Mackie Colleges offer flexible Associate's and non-degree diploma programs that enable students to develop skills for entry-level positions in high-demand vocational specialties. South University offers academic programs in health profession and business disciplines, health sciences, nursing, criminal justice, psychology, and IT.
Executives
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

Education Management (Education Management) Headlines

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