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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Hawaiian Holdings's Revenue for the three months ended in Dec. 2023 was $669 Mil. Hawaiian Holdings's Total Assets for the quarter that ended in Dec. 2023 was $3,828 Mil. Therefore, Hawaiian Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.18.
Asset Turnover is linked to ROE % through Du Pont Formula. Hawaiian Holdings's annualized ROE % for the quarter that ended in Dec. 2023 was -295.22%. It is also linked to ROA % through Du Pont Formula. Hawaiian Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was -10.57%.
The historical data trend for Hawaiian 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.
Hawaiian Holdings Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 0.77 | 0.21 | 0.37 | 0.60 | 0.69 |
Hawaiian Holdings 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 | 0.18 | 0.15 | 0.17 | 0.18 | 0.18 |
For the Airlines subindustry, Hawaiian 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.
For the Transportation industry and Industrials sector, Hawaiian Holdings's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Hawaiian Holdings's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Hawaiian Holdings's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Dec. 2023 ) | / | ( (Total Assets (A: Dec. 2022 ) | + | Total Assets (A: Dec. 2023 )) | / count ) |
= | 2716.284 | / | ( (4139.623 | + | 3733.525) | / 2 ) |
= | 2716.284 | / | 3936.574 | |||
= | 0.69 |
Hawaiian Holdings'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 ) |
= | 669.074 | / | ( (3923.26 | + | 3733.525) | / 2 ) |
= | 669.074 | / | 3828.3925 | |||
= | 0.17 |
* 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.
Hawaiian Holdings (NAS:HA) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Hawaiian Holdings's annulized ROE % for the quarter that ended in Dec. 2023 is
ROE %** | (Q: Dec. 2023 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -404.728 | / | 137.0915 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-404.728 / 2676.296) | * | (2676.296 / 3828.3925) | * | (3828.3925/ 137.0915) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -15.12 % | * | 0.6991 | * | 27.9258 |
= | ROA % | * | Equity Multiplier | ||
= | -10.57 % | * | 27.9258 | ||
= | -295.22 % |
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:
Hawaiian Holdings's annulized ROA % for the quarter that ended in Dec. 2023 is
ROA % | (Q: Dec. 2023 ) | ||
= | Net Income | / | Total Assets |
= | -404.728 | / | 3828.3925 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-404.728 / 2676.296) | * | (2676.296 / 3828.3925) |
= | Net Margin % | * | Asset Turnover |
= | -15.12 % | * | 0.6991 |
= | -10.57 % |
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.
Thank you for viewing the detailed overview of Hawaiian Holdings's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Aaron J Alter | officer: Exec VP & Chief Legal Officer | 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819 |
Avi Mannis | officer: See Remarks | C/O HAWAIIAN HOLDINGS INC, 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819 |
Brent Overbeek | officer: EVP. Chief Revenue Officer | C/O HAWAIIAN HOLDINGS INC, 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819 |
Crystal Rose | director | 47-460 WAIHEE PLACE, KANEOHE HI 96744 |
Daniel W. Akins | director | C/O HAWAIIAN HOLDINGS INC, 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819 |
Richard N Zwern | director | 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819 |
Jonathan D. Snook | officer: Executive VP and COO | 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819 |
William S Swelbar | director | C/O HAWAIIAN HOLDINGS, INC., 3375 KOAPAKA STREET SUITE G, HONOLULU HI 96819 |
Wendy A. Beck | director | C/O NORWEGIAN CRUISE LINE HOLDINGS LTD., 7665 CORPORATE CENTER DRIVE, MIAMI FL 33126 |
Craig Vosburg | director | 2000 PURCHASE STREET, PURCHASE NY 10577 |
Mark D. Schneider | director | C/O HAWAIIAN HOLDINGS INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819 |
Donald J Carty | director | C/O DELL INC., ONE DELL WAY, ROUND ROCK TX 78682-2244 |
Shannon Lei Okinaka | officer: SVP and Interim CFO | C/O HAWAIIAN HOLDINGS, INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819 |
Theodoros Panagiotoulias | officer: SVP - Global Sales & Alliances | C/O HAWAIIAN AIRLINES INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819 |
H Jayne Hrdlicka | director | C/O HAWAIIAN HOLDINGS, INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819 |
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