KEM has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
KEM has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Kemet's Revenue for the three months ended in Mar. 2020 was $293 Mil. Kemet's Total Assets for the quarter that ended in Mar. 2020 was $1,403 Mil. Therefore, Kemet's Asset Turnover for the quarter that ended in Mar. 2020 was 0.21.
Asset Turnover is linked to ROE % through Du Pont Formula. Kemet's annualized ROE % for the quarter that ended in Mar. 2020 was -0.18%. It is also linked to ROA % through Du Pont Formula. Kemet's annualized ROA % for the quarter that ended in Mar. 2020 was -0.09%.
The historical data trend for Kemet'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.
Kemet Annual Data | |||||||||||||||||||||
Trend | Mar11 | Mar12 | Mar13 | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 1.02 | 1.06 | 1.23 | 1.09 | 0.93 |
Kemet Quarterly Data | ||||||||||||||||||||
Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | |
Asset Turnover | Get a 7-Day Free Trial | 0.28 | 0.26 | 0.23 | 0.21 | 0.21 |
For the Electronic Components subindustry, Kemet'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 Hardware industry and Technology sector, Kemet's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Kemet's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Kemet's Asset Turnover for the fiscal year that ended in Mar. 2020 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Mar. 2020 ) | / | ( (Total Assets (A: Mar. 2019 ) | + | Total Assets (A: Mar. 2020 )) | / count ) |
= | 1260.554 | / | ( (1318.095 | + | 1393.097) | / 2 ) |
= | 1260.554 | / | 1355.596 | |||
= | 0.93 |
Kemet's Asset Turnover for the quarter that ended in Mar. 2020 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Mar. 2020 ) | / | ( (Total Assets (Q: Dec. 2019 ) | + | Total Assets (Q: Mar. 2020 )) | / count ) |
= | 293.174 | / | ( (1412.332 | + | 1393.097) | / 2 ) |
= | 293.174 | / | 1402.7145 | |||
= | 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.
Kemet (NYSE:KEM) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Kemet's annulized ROE % for the quarter that ended in Mar. 2020 is
ROE %** | (Q: Mar. 2020 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -1.204 | / | 667.2875 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-1.204 / 1172.696) | * | (1172.696 / 1402.7145) | * | (1402.7145/ 667.2875) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -0.1 % | * | 0.836 | * | 2.1021 |
= | ROA % | * | Equity Multiplier | ||
= | -0.09 % | * | 2.1021 | ||
= | -0.18 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2020) net income data. The Revenue data used here is four times the quarterly (Mar. 2020) 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:
Kemet's annulized ROA % for the quarter that ended in Mar. 2020 is
ROA % | (Q: Mar. 2020 ) | ||
= | Net Income | / | Total Assets |
= | -1.204 | / | 1402.7145 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-1.204 / 1172.696) | * | (1172.696 / 1402.7145) |
= | Net Margin % | * | Asset Turnover |
= | -0.1 % | * | 0.836 |
= | -0.09 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2020) net income data. The Revenue data used here is four times the quarterly (Mar. 2020) 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 Kemet's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Karen M Rogge | director | APPLIED MICRO CIRCUITS CORP, 4555 GREAT AMERICA PARKWAY, SUITE 601, SANTA CLARA CA 95054 |
Maddrey E Erwin Ii | director | 233 N MAIN STREET, SUITE 200, GREENVILLE SC 29601 |
Gurminder S Bedi | director | ONE CAMPUS MARTIUS, DETROIT MI 48226 |
Robert G Paul | director | 68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747 |
Gregory C Thompson | officer: Executive VP-CFO | 1000 ABERNATHY ROAD N.E., STE 1200, ATLANTA GA 30328 |
Jacob Kotzubei | director | 360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210 |
Lowe William M Jr | director, officer: CEO | P.O. BOX 5928, GREENVILLE SC 29606 |
Platinum Equity Llc | 10 percent owner, other: See Footnote (3)(4)(5) | 360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210 |
Tom Gores | 10 percent owner, other: See Footnote (3)(4)(5) | C/O PLATINUM EQUITY, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210 |
Platinum Equity Capital Partners Ii Lp | 10 percent owner, other: See Footnote (3)(4)(5) | 360 North Crescent Drive, Beverly Hills CA 90210 |
Joseph D Swann | director | C/O ROCKWELL AUTOMATION, INC., 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204 |
Jeffrey A Graves | director, officer: CEO | C/O C&D TECHNOLOGIES, INC., 1400 UNION MEETING RD, BLUE BELL PA 19422 |
William E Bachrach | officer: Vice President, Business Devel | 11 CABOT BOULEVARD MANSFIELD MA 02048 |
Citigroup Inc | director | 388 GREENWICH STREET, NEW YORK NY 10013 |
Iticorp | director | 399 PARK AVENUE, NEW YORK NY 10043 |
From GuruFocus
By Marketwired Marketwired • 05-05-2020
By Marketwired Marketwired • 11-18-2019
By Marketwired Marketwired • 04-24-2020
By Marketwired Marketwired • 05-28-2020
By Marketwired Marketwired • 02-21-2020
By Marketwired Marketwired • 09-10-2019
By [email protected] insider • 02-24-2020
By Marketwired Marketwired • 10-17-2019
By Marketwired Marketwired • 02-05-2020
By Marketwired Marketwired • 09-30-2019
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.