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Endurance Specialty Holdings (Endurance Specialty Holdings) Asset Turnover : 0.04 (As of Mar. 2017)


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What is Endurance Specialty Holdings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Endurance Specialty Holdings's Revenue for the three months ended in Mar. 2017 was $598 Mil. Endurance Specialty Holdings's Total Assets for the quarter that ended in Mar. 2017 was $14,753 Mil. Therefore, Endurance Specialty Holdings's Asset Turnover for the quarter that ended in Mar. 2017 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. Endurance Specialty Holdings's annualized ROE % for the quarter that ended in Mar. 2017 was 1.58%. It is also linked to ROA % through Du Pont Formula. Endurance Specialty Holdings's annualized ROA % for the quarter that ended in Mar. 2017 was 0.53%.


Endurance Specialty Holdings Asset Turnover Historical Data

The historical data trend for Endurance Specialty Holdings'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.

Endurance Specialty Holdings Asset Turnover Chart

Endurance Specialty Holdings Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.25 0.22 0.18 0.18

Endurance Specialty Holdings Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
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 0.04 0.04 0.05 0.04 0.04

Competitive Comparison of Endurance Specialty Holdings's Asset Turnover

For the Insurance - Property & Casualty subindustry, Endurance Specialty Holdings'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.


Endurance Specialty Holdings's Asset Turnover Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Endurance Specialty Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Endurance Specialty Holdings's Asset Turnover falls into.



Endurance Specialty Holdings Asset Turnover Calculation

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

Endurance Specialty Holdings's Asset Turnover for the fiscal year that ended in Dec. 2016 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2016 )/( (Total Assets (A: Dec. 2015 )+Total Assets (A: Dec. 2016 ))/ count )
=2516.153/( (13241.525+14122.861)/ 2 )
=2516.153/13682.193
=0.18

Endurance Specialty Holdings's Asset Turnover for the quarter that ended in Mar. 2017 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2017 )/( (Total Assets (Q: Dec. 2016 )+Total Assets (Q: Mar. 2017 ))/ count )
=597.653/( (14122.861+15383.182)/ 2 )
=597.653/14753.0215
=0.04

* 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.


Endurance Specialty Holdings  (NYSE:ENH) Asset Turnover Explanation

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

Endurance Specialty Holdings's annulized ROE % for the quarter that ended in Mar. 2017 is

ROE %**(Q: Mar. 2017 )
=Net Income/Total Stockholders Equity
=77.712/4909.3515
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(77.712 / 2390.612)*(2390.612 / 14753.0215)*(14753.0215/ 4909.3515)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.25 %*0.162*3.0051
=ROA %*Equity Multiplier
=0.53 %*3.0051
=1.58 %

Note: The Net Income data used here is four times the quarterly (Mar. 2017) net income data. The Revenue data used here is four times the quarterly (Mar. 2017) 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:

Endurance Specialty Holdings's annulized ROA % for the quarter that ended in Mar. 2017 is

ROA %(Q: Mar. 2017 )
=Net Income/Total Assets
=77.712/14753.0215
=(Net Income / Revenue)*(Revenue / Total Assets)
=(77.712 / 2390.612)*(2390.612 / 14753.0215)
=Net Margin %*Asset Turnover
=3.25 %*0.162
=0.53 %

Note: The Net Income data used here is four times the quarterly (Mar. 2017) net income data. The Revenue data used here is four times the quarterly (Mar. 2017) 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.


Endurance Specialty Holdings Asset Turnover Related Terms

Thank you for viewing the detailed overview of Endurance Specialty Holdings's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Endurance Specialty Holdings (Endurance Specialty Holdings) Business Description

Traded in Other Exchanges
N/A
Address
Endurance Specialty Holdings is a property and casualty insurance holding company that underwrites its products on a global basis. Operations are organized into two business segments: insurance and reinsurance. Endurance generates the vast majority of its revenue from the insurance segment, where most of its revenue is derived from its agriculture insurance line. The reinsurance segment derives most of its revenue through its catastrophe insurance line. The company's key strategies include an emphasis on profitability, deep client relationships, risk management, and proactively managing its capital base.
Executives
Mark Silverstein officer: Chief Investment Officer, ESL C/O ENDURANCE SERVICES LIMITED, 333 WESTCHESTER AVE., WHITE PLAINS NY 10604
Scott D Moore director PARTNERRE LTD, WELLESLEY HOUSE 90 PITTS BAY RD, PEMBROKE BERMUDA D0 HM 08
Galen R Barnes director ONE NATIONWIDE PLAZA, COLUMBUS OH 43215
John V Delcol officer: General Counsel and Secretary C/O ENDURANCE SPECIALTY HOLDINGS LTD, WELLESLEY HOUSE PITTS BAY RD, PEMBROKE BERMUDA D0 999999999
Steven W Carlsen director
William H Bolinder director, other: Lead Director
Morgan W Davis director 80 SOUTH MAIN STREET, HANOVER NH 03755
Norman Barham director C/O ENDURANCE SERVICES LIMITED, 333 WESTCHESTER AVENUE, WHITE PLAINS NY 10604
Michael J Mcguire officer: Chief Financial Officer C/O ENDURANCE SERVICES LIMITED, 333 WESTCHESTER AVENUE, WHITE PLAINS NY 10604
William J Raver director C/O ENDURANCE SERVICES LIMITED, 333 WESTCHESTER AVE., WHITE PLAINS NY 10604
Robert A Spass director ONE CHASE MANHATTAN PLAZA, 44TH FLOOR, NEW YORK NY 10005
Ian Michael Winchester director 350 CENTRAL PARK WEST, APPT.15D, NEW YORK CITY NY 10025-6504
John A Kuhn officer: CEO, Global Insurance C/O ENDURANCE SERVICES LIMITED, 333 WESTCHESTER AVE., WEST BUILDING, WHITE PLAINS NY 10604
Carrie Rosorea officer: Chief Accounting Officer 333 WESTCHESTER AVE., WHITE PLAINS NY 10604
Nicholas C Marsh director MONTPELIER HOUSE, 94 PITTS BAY, PEMBROKE D0 HM08

Endurance Specialty Holdings (Endurance Specialty Holdings) Headlines