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Fuel Systems Solutions (Fuel Systems Solutions) Asset Turnover : 0.24 (As of Mar. 2016)


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What is Fuel Systems Solutions Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Fuel Systems Solutions's Revenue for the three months ended in Mar. 2016 was $56.1 Mil. Fuel Systems Solutions's Total Assets for the quarter that ended in Mar. 2016 was $229.7 Mil. Therefore, Fuel Systems Solutions's Asset Turnover for the quarter that ended in Mar. 2016 was 0.24.

Asset Turnover is linked to ROE % through Du Pont Formula. Fuel Systems Solutions's annualized ROE % for the quarter that ended in Mar. 2016 was -16.89%. It is also linked to ROA % through Du Pont Formula. Fuel Systems Solutions's annualized ROA % for the quarter that ended in Mar. 2016 was -11.27%.


Fuel Systems Solutions Asset Turnover Historical Data

The historical data trend for Fuel Systems Solutions'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.

Fuel Systems Solutions Asset Turnover Chart

Fuel Systems Solutions Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.92 0.91 0.96 0.92 0.95

Fuel Systems Solutions Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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 0.25 0.26 0.29 0.24

Competitive Comparison of Fuel Systems Solutions's Asset Turnover

For the Auto Parts subindustry, Fuel Systems Solutions'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.


Fuel Systems Solutions's Asset Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fuel Systems Solutions's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Fuel Systems Solutions's Asset Turnover falls into.



Fuel Systems Solutions Asset Turnover Calculation

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

Fuel Systems Solutions's Asset Turnover for the fiscal year that ended in Dec. 2015 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2015 )/( (Total Assets (A: Dec. 2014 )+Total Assets (A: Dec. 2015 ))/ count )
=263.397/( (324.005+228.439)/ 2 )
=263.397/276.222
=0.95

Fuel Systems Solutions's Asset Turnover for the quarter that ended in Mar. 2016 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2016 )/( (Total Assets (Q: Dec. 2015 )+Total Assets (Q: Mar. 2016 ))/ count )
=56.142/( (228.439+230.93)/ 2 )
=56.142/229.6845
=0.24

* 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.


Fuel Systems Solutions  (NAS:FSYS) Asset Turnover Explanation

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

Fuel Systems Solutions's annulized ROE % for the quarter that ended in Mar. 2016 is

ROE %**(Q: Mar. 2016 )
=Net Income/Total Stockholders Equity
=-25.896/153.3665
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-25.896 / 224.568)*(224.568 / 229.6845)*(229.6845/ 153.3665)
=Net Margin %*Asset Turnover*Equity Multiplier
=-11.53 %*0.9777*1.4976
=ROA %*Equity Multiplier
=-11.27 %*1.4976
=-16.89 %

Note: The Net Income data used here is four times the quarterly (Mar. 2016) net income data. The Revenue data used here is four times the quarterly (Mar. 2016) 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:

Fuel Systems Solutions's annulized ROA % for the quarter that ended in Mar. 2016 is

ROA %(Q: Mar. 2016 )
=Net Income/Total Assets
=-25.896/229.6845
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-25.896 / 224.568)*(224.568 / 229.6845)
=Net Margin %*Asset Turnover
=-11.53 %*0.9777
=-11.27 %

Note: The Net Income data used here is four times the quarterly (Mar. 2016) net income data. The Revenue data used here is four times the quarterly (Mar. 2016) 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.


Fuel Systems Solutions Asset Turnover Related Terms

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


Fuel Systems Solutions (Fuel Systems Solutions) Business Description

Traded in Other Exchanges
N/A
Address
Fuel Systems Solutions Inc was incorporated in 1985. The Company designs, manufactures and supplies alternative fuel components and systems for use in the transportation and industrial markets. Its components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas used in internal combustion engines. The Company is directly involved in two markets: automotive and industrial. Industrial segment consists of the Company's industrial mobile and stationary equipment and auxiliary power unit (APU), and the Company's heavy duty commercial transportation operations. Automotive segment consists of the Company's passenger and light duty commercial transportation (automotive OEM and aftermarket) and transportation infrastructure operations (compressors). Its products include gaseous fuel regulators, fuel shut-off valves, fuel metering and delivery systems, complete engine systems, auxiliary power systems and electronic controls for use in internal combustion engines for the transportation, industrial and power generation markets. It sells products through a network encompassing distributors and dealers in more than 60 countries and through a sales force that develops sales with distributors, OEMs and end-users. It manufactures and assembles a majority of its products at its facilities in Santa Ana, California, Union City, Indiana, Kitchener, Canada, Beccar, Argentina and Cherasco, Italy and to a lesser extent at some of its other international facilities. Its competitors in gaseous fuel delivery products, accessory components and engine conversions markets include Westport Innovations Inc. located in Canada; Enovation Controls LLC and Woodward, Inc. located in North America; Landi Group and O.M.T. Tartarini, S.r.L. located in Italy; and Nikki Company Ltd. located in Japan.
Executives
Kevin Douglas 10 percent owner, other: 13(d)(3) group 300A DRAKES LANDING ROAD, SUITE 200, GREENBRAE CA 94904
Douglas Family Trust 10 percent owner, other: 13(d)(3) group 300A DRAKES LANDING ROAD, SUITE 200, GREENBRAE CA 94904
James & Jean Douglas Irrevocable Descendants Trust 10 percent owner, other: 13(d)(3) group 300A DRAKES LANDING ROAD, SUITE 200, GREENBRAE CA 94904
Douglas James E Iii 10 percent owner, other: 13(d)(3) group 300A DRAKES LANDING ROAD, SUITE 200, GREENBRAE CA 94904
Michelle Douglas 10 percent owner, other: 13(d)(3) group 125 E. SIR FRANCIS DRAKE BLVD., SUITE 400, LARKSPUR CA 94939
Steven R Becker director, other: Member of 13D 10% Group 5525 NAKOMA DRIVE, DALLAS TX 75209
Northern Right Capital Management, L.p. other: Member of 13D 10% Group 9 OLD KINGS HWY. S., 4TH FLOOR, DARIEN CT 06820
Bc Advisors Llc other: Member of 13D 10% Group 500 CRESCENT COURT, SUITE 230, DALLAS TX 75201
Northern Right Capital (qp), L.p. other: Member of 13D 10% Group 9 OLD KINGS HWY. S., 4TH FLOOR, DARIEN CT 06820
Matthew A Drapkin other: Member of 13D 10% Group 10 CORBIN DRIVE, 3RD FLOOR, DARIEN CT 06820
Becker Drapkin Partners Slv, Ltd. other: Member of 13D 10% Group C/O MAPLES CORPORATE SERVICES LIMITED, UGLAND HOUSE, PO BOX 309, GRAND CAYMAN E9 KY1-1104
Troy A Clarke director C/O FUEL SYSTEMS SOLUTIONS, INC., 780 THIRD AVE. 25TH FLOOR, NEW YORK NY 10017
Pietro Bersani officer: CHIEF FINANCIAL OFFICER C/O FUEL SYSTEMS SOLUTIONS, INC., 780 THIRD AVE. 25TH FLOOR, NEW YORK NY 10017
Becker Drapkin Partners, L.p. other: Member of 13D 10% Group 500 CRESCENT COURT, SUITE 230, DALLAS TX 75201
William J Young director 3030 SOUTH SUSAN STREET, SANTA ANA CA 92704