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Gigamon (Gigamon) Asset Turnover : 0.19 (As of Sep. 2017)


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What is Gigamon Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Gigamon's Revenue for the three months ended in Sep. 2017 was $79.2 Mil. Gigamon's Total Assets for the quarter that ended in Sep. 2017 was $424.9 Mil. Therefore, Gigamon's Asset Turnover for the quarter that ended in Sep. 2017 was 0.19.

Asset Turnover is linked to ROE % through Du Pont Formula. Gigamon's annualized ROE % for the quarter that ended in Sep. 2017 was 2.97%. It is also linked to ROA % through Du Pont Formula. Gigamon's annualized ROA % for the quarter that ended in Sep. 2017 was 2.05%.


Gigamon Asset Turnover Historical Data

The historical data trend for Gigamon'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.

Gigamon Asset Turnover Chart

Gigamon Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Asset Turnover
Get a 7-Day Free Trial 2.03 1.14 0.80 0.93 0.91

Gigamon Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 0.24 0.22 0.17 0.17 0.19

Competitive Comparison of Gigamon's Asset Turnover

For the Communication Equipment subindustry, Gigamon'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.


Gigamon's Asset Turnover Distribution in the Hardware Industry

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

* The bar in red indicates where Gigamon's Asset Turnover falls into.



Gigamon Asset Turnover Calculation

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

Gigamon'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 )
=310.855/( (279.619+400.999)/ 2 )
=310.855/340.309
=0.91

Gigamon's Asset Turnover for the quarter that ended in Sep. 2017 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2017 )/( (Total Assets (Q: Jun. 2017 )+Total Assets (Q: Sep. 2017 ))/ count )
=79.191/( (413.368+436.395)/ 2 )
=79.191/424.8815
=0.19

* 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.


Gigamon  (NYSE:GIMO) Asset Turnover Explanation

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

Gigamon's annulized ROE % for the quarter that ended in Sep. 2017 is

ROE %**(Q: Sep. 2017 )
=Net Income/Total Stockholders Equity
=8.712/293.61
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(8.712 / 316.764)*(316.764 / 424.8815)*(424.8815/ 293.61)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.75 %*0.7455*1.4471
=ROA %*Equity Multiplier
=2.05 %*1.4471
=2.97 %

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

Gigamon's annulized ROA % for the quarter that ended in Sep. 2017 is

ROA %(Q: Sep. 2017 )
=Net Income/Total Assets
=8.712/424.8815
=(Net Income / Revenue)*(Revenue / Total Assets)
=(8.712 / 316.764)*(316.764 / 424.8815)
=Net Margin %*Asset Turnover
=2.75 %*0.7455
=2.05 %

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


Gigamon Asset Turnover Related Terms

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


Gigamon (Gigamon) Business Description

Traded in Other Exchanges
N/A
Address
Gigamon Inc develops designs and sells solutions and products that deliver visibility of traffic across networks. It serves global enterprises, service providers and governments.
Executives
John H Kispert director
Dario Zamarian director 3300 OLCOTT STREET, SANTA CLARA CA 95054
Paul Hooper director, officer: Chief Executive Officer 3585 MONROE STREET, SANTA CLARA CA 95051
Paul J Milbury director
Coviello Arthur W Jr director EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Rex S Jackson officer: Chief Financial Officer C/O SYMYX TECHNOLOGIES, INC., 3100 CENTRAL EXPRESSWAY, SANTA CLARA CA 95051
Robert E Switz director 13625 TECHNOLOGY DRIVE, EDEN PRAIRIE MN 55344
Helmut Wilke officer: Sr. VP Worldwide Sales 3585 MONROE STREET, SANTA CLARA CA 95051
Kenneth A Goldman director C/O YAHOO! INC., 701 FIRST AVENUE, SUNNYVALE CA 94089
Highland Capital Partners Vii-b L P 10 percent owner 92 HAYDEN AVE, LEXINGTON MA 02421
Highland Capital Partners Vii-c Lp 10 percent owner 92 HAYDEN AVE, LEXINGTON MA 02421
Highland Capital Partners Vii Lp 10 percent owner 92 HAYDEN AVE, LEXINGTON MA 02421
Highland Entrepreneurs Fund Vii Limited Partnership 10 percent owner 92 HAYDEN AVENUE, LEXINGTON MA 02421
Highland Management Partners Vii, Llc 10 percent owner ONE BROADWAY, 16TH FLOOR, CAMBRIDGE MA 02142
Highland Management Partners Vii Limited Partnership 10 percent owner ONE BROADWAY, 16TH FLOOR, CAMBRIDGE MA 02142

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