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Espey Manufacturing & Electronics (Espey Manufacturing & Electronics) Asset Turnover : 0.21 (As of Dec. 2023)


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What is Espey Manufacturing & Electronics Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Espey Manufacturing & Electronics's Revenue for the three months ended in Dec. 2023 was $10.30 Mil. Espey Manufacturing & Electronics's Total Assets for the quarter that ended in Dec. 2023 was $49.88 Mil. Therefore, Espey Manufacturing & Electronics's Asset Turnover for the quarter that ended in Dec. 2023 was 0.21.

Asset Turnover is linked to ROE % through Du Pont Formula. Espey Manufacturing & Electronics's annualized ROE % for the quarter that ended in Dec. 2023 was 19.16%. It is also linked to ROA % through Du Pont Formula. Espey Manufacturing & Electronics's annualized ROA % for the quarter that ended in Dec. 2023 was 14.40%.


Espey Manufacturing & Electronics Asset Turnover Historical Data

The historical data trend for Espey Manufacturing & Electronics'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.

Espey Manufacturing & Electronics Asset Turnover Chart

Espey Manufacturing & Electronics Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 0.85 0.73 0.82 0.81

Espey Manufacturing & Electronics Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.21 0.22 0.18 0.18 0.21

Competitive Comparison of Espey Manufacturing & Electronics's Asset Turnover

For the Electrical Equipment & Parts subindustry, Espey Manufacturing & Electronics'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.


Espey Manufacturing & Electronics's Asset Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Espey Manufacturing & Electronics's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Espey Manufacturing & Electronics's Asset Turnover falls into.



Espey Manufacturing & Electronics Asset Turnover Calculation

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

Espey Manufacturing & Electronics's Asset Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2023 )/( (Total Assets (A: Jun. 2022 )+Total Assets (A: Jun. 2023 ))/ count )
=35.592/( (39.897+47.502)/ 2 )
=35.592/43.6995
=0.81

Espey Manufacturing & Electronics's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=10.303/( (49.391+50.363)/ 2 )
=10.303/49.877
=0.21

* 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.


Espey Manufacturing & Electronics  (AMEX:ESP) Asset Turnover Explanation

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

Espey Manufacturing & Electronics's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=7.18/37.472
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(7.18 / 41.212)*(41.212 / 49.877)*(49.877/ 37.472)
=Net Margin %*Asset Turnover*Equity Multiplier
=17.42 %*0.8263*1.331
=ROA %*Equity Multiplier
=14.40 %*1.331
=19.16 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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:

Espey Manufacturing & Electronics's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=7.18/49.877
=(Net Income / Revenue)*(Revenue / Total Assets)
=(7.18 / 41.212)*(41.212 / 49.877)
=Net Margin %*Asset Turnover
=17.42 %*0.8263
=14.40 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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.


Espey Manufacturing & Electronics Asset Turnover Related Terms

Thank you for viewing the detailed overview of Espey Manufacturing & Electronics's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Espey Manufacturing & Electronics (Espey Manufacturing & Electronics) Business Description

Traded in Other Exchanges
N/A
Address
233 Ballston Avenue, Saratoga Springs, NY, USA, 12866
Espey Manufacturing & Electronics Corp designs, develops, tests, and manufactures specialized military and rugged industrial power supplies and transformers for use in harsh or severe environment applications. Its products and solutions include power converters, power conditioning, high-voltage radar, contract manufacturing, custom engineering, and others. The applications of these products include AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power.
Executives
Nancy Koskey Patzwahl director 81 OLD LANE, CLAVERACK NY 12513
Peggy A Murphy officer: Corporate Secretary 91 FEEDER DAM RD, S GLENSFALLS NY 12803
Katrina Leonore Sparano officer: Assistant Treasurer 670 ACLAND BLVD., BALLSTON SPA NY 12020
Howard M Pinsley director, officer: President/CEO, other: Chairman of the Board 233 BALLSTON AVE., SARATOGA SPRINGS NY 12866
Barry Pinsley director 6101 PELICAN BAY BLVD., NAPLES FL 34108
Alvin O Sabo director 51 ISLAND VIEW ROAD, COHOES NY 12047
Paul J Corr director 87 RAILROAD PLACE, UNIT 306, SARATOGA SPRINGS NY 12866
David A Oneil officer: Treasurer 14 BRIDGET CIRCLE, COHOES NY 12047
Sexauer Roger Nicholas Ii director 2820 BENNETT POINT RD., QUEENSTOWN MD 21658
Carl Helmetag director 330 SEA VIEW, RIVERSIDE RI 02915
Enright Patrick Thomas Jr. director, officer: President and CEO 3111 SQUAW CREEK TRAIL, BALLSTON SPA NY 12020
Michael W Wool director 131 HILLS POINT RD, CHARLOTTE VT 05402
St Pierre Mark Francis officer: President 13 SECLUDED RIDGE, SOUTHWICK MA 01077
Espey Mfg. & Electronics Corp. Employee Retirement Plan & Trust 10 percent owner, other: Retirement Plan Trust 233 BALLSTON AVE., SARATOGA SPRINGS NY 12866
Seymour Saslow director 199 CAROLINE ST, SARATOGA SPRINGS NY 12866

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