GURUFOCUS.COM » STOCK LIST » Technology » Hardware » OCZ Technology Group Inc. (FRA:OADA) » Definitions » Asset Turnover

OCZ Technology Group (FRA:OADA) Asset Turnover : 0.51 (As of Aug. 2013)


View and export this data going back to . Start your Free Trial

What is OCZ Technology Group Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. OCZ Technology Group's Revenue for the three months ended in Aug. 2013 was €25.2 Mil. OCZ Technology Group's Total Assets for the quarter that ended in Aug. 2013 was €49.6 Mil. Therefore, OCZ Technology Group's Asset Turnover for the quarter that ended in Aug. 2013 was 0.51.

Asset Turnover is linked to ROE % through Du Pont Formula. OCZ Technology Group's annualized ROE % for the quarter that ended in Aug. 2013 was -3,221.40%. It is also linked to ROA % through Du Pont Formula. OCZ Technology Group's annualized ROA % for the quarter that ended in Aug. 2013 was -157.68%.


OCZ Technology Group Asset Turnover Historical Data

The historical data trend for OCZ Technology Group'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.

OCZ Technology Group Asset Turnover Chart

OCZ Technology Group Annual Data
Trend Dec05 Dec06 Feb09 Feb10 Feb11 Feb12 Feb13
Asset Turnover
Get a 7-Day Free Trial 4.08 2.63 2.64 1.73 1.89

OCZ Technology Group Quarterly Data
Feb09 Nov09 Feb10 May10 Aug10 Nov10 Feb11 May11 Aug11 Nov11 Feb12 May12 Feb13 May13 Aug13
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 0.21 0.25 0.32 0.75 0.51

Competitive Comparison of OCZ Technology Group's Asset Turnover

For the Computer Hardware subindustry, OCZ Technology Group'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.


OCZ Technology Group's Asset Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, OCZ Technology Group's Asset Turnover distribution charts can be found below:

* The bar in red indicates where OCZ Technology Group's Asset Turnover falls into.



OCZ Technology Group Asset Turnover Calculation

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

OCZ Technology Group's Asset Turnover for the fiscal year that ended in Feb. 2013 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Feb. 2013 )/( (Total Assets (A: Feb. 2012 )+Total Assets (A: Feb. 2013 ))/ count )
=250.139/( (205.385+59.044)/ 2 )
=250.139/132.2145
=1.89

OCZ Technology Group's Asset Turnover for the quarter that ended in Aug. 2013 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Aug. 2013 )/( (Total Assets (Q: May. 2013 )+Total Assets (Q: Aug. 2013 ))/ count )
=25.158/( (54+45.271)/ 2 )
=25.158/49.6355
=0.51

* 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.


OCZ Technology Group  (FRA:OADA) Asset Turnover Explanation

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

OCZ Technology Group's annulized ROE % for the quarter that ended in Aug. 2013 is

ROE %**(Q: Aug. 2013 )
=Net Income/Total Stockholders Equity
=-78.264/2.4295
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-78.264 / 100.632)*(100.632 / 49.6355)*(49.6355/ 2.4295)
=Net Margin %*Asset Turnover*Equity Multiplier
=-77.77 %*2.0274*20.4303
=ROA %*Equity Multiplier
=-157.68 %*20.4303
=-3,221.40 %

Note: The Net Income data used here is four times the quarterly (Aug. 2013) net income data. The Revenue data used here is four times the quarterly (Aug. 2013) 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:

OCZ Technology Group's annulized ROA % for the quarter that ended in Aug. 2013 is

ROA %(Q: Aug. 2013 )
=Net Income/Total Assets
=-78.264/49.6355
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-78.264 / 100.632)*(100.632 / 49.6355)
=Net Margin %*Asset Turnover
=-77.77 %*2.0274
=-157.68 %

Note: The Net Income data used here is four times the quarterly (Aug. 2013) net income data. The Revenue data used here is four times the quarterly (Aug. 2013) 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.


OCZ Technology Group Asset Turnover Related Terms

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


OCZ Technology Group (FRA:OADA) Business Description

Traded in Other Exchanges
N/A
Address
OCZ Technology Group, Inc., a Delaware corporation was formed in 2002. The Company is a provider of high performance solid state drives (SSDs) and memory modules for computing devices and systems. It develops flexible and customizable component solutions quickly and efficiently to meet the ever changing market needs and provide superior customer service. Historically, it mainly sold high performance memory modules to individual computing enthusiasts through catalog and online retail channels. However, SSDs have emerged as a strong market alternative to conventional disk drive technology and SSDs are rooted in much of the same basic technological concepts as its legacy memory module business. Today, as part of a diversification strategy which began in fiscal year 2009, its product mix is significantly more weighted toward the sale of SSDs and the SSD product line has become central to its business. As a result, its target customers are increasingly enterprises and original equipment manufacturers (or OEMs). It designs, develops, manufactures and distributes high performance components for computing devices and systems, including SSDs, other flash memory storage, memory modules, thermal management solutions and PSUs. Its ten largest customers are Amazon.com; ASK Corporation; BAS Group; D&H Distribution Company; Maxcom Memory GmbH; Memoryworld GmbH & Co., KG; Micro Center Corporation; Micro Peripherals LTD; NewEgg.com, operated by Magnell Associate Inc.; and SYX Distribution, Inc. The Company's business is subject to regulation by various federal and state governmental agencies.

OCZ Technology Group (FRA:OADA) Headlines

No Headlines