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Kraton (Kraton) Asset Turnover : 0.20 (As of Dec. 2021)


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What is Kraton Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Kraton's Revenue for the three months ended in Dec. 2021 was $512 Mil. Kraton's Total Assets for the quarter that ended in Dec. 2021 was $2,632 Mil. Therefore, Kraton's Asset Turnover for the quarter that ended in Dec. 2021 was 0.20.

Asset Turnover is linked to ROE % through Du Pont Formula. Kraton's annualized ROE % for the quarter that ended in Dec. 2021 was 24.94%. It is also linked to ROA % through Du Pont Formula. Kraton's annualized ROA % for the quarter that ended in Dec. 2021 was 7.23%.


Kraton Asset Turnover Historical Data

The historical data trend for Kraton'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.

Kraton Asset Turnover Chart

Kraton Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.67 0.69 0.63 0.59 0.77

Kraton Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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 0.17 0.18 0.20 0.21 0.20

Competitive Comparison of Kraton's Asset Turnover

For the Specialty Chemicals subindustry, Kraton'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.


Kraton's Asset Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kraton's Asset Turnover distribution charts can be found below:

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



Kraton Asset Turnover Calculation

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

Kraton's Asset Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2021 )/( (Total Assets (A: Dec. 2020 )+Total Assets (A: Dec. 2021 ))/ count )
=1970.129/( (2460.957+2654.608)/ 2 )
=1970.129/2557.7825
=0.77

Kraton's Asset Turnover for the quarter that ended in Dec. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2021 )/( (Total Assets (Q: Sep. 2021 )+Total Assets (Q: Dec. 2021 ))/ count )
=512.347/( (2609.309+2654.608)/ 2 )
=512.347/2631.9585
=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.


Kraton  (NYSE:KRA) Asset Turnover Explanation

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

Kraton's annulized ROE % for the quarter that ended in Dec. 2021 is

ROE %**(Q: Dec. 2021 )
=Net Income/Total Stockholders Equity
=190.248/762.8255
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(190.248 / 2049.388)*(2049.388 / 2631.9585)*(2631.9585/ 762.8255)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.28 %*0.7787*3.4503
=ROA %*Equity Multiplier
=7.23 %*3.4503
=24.94 %

Note: The Net Income data used here is four times the quarterly (Dec. 2021) net income data. The Revenue data used here is four times the quarterly (Dec. 2021) 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:

Kraton's annulized ROA % for the quarter that ended in Dec. 2021 is

ROA %(Q: Dec. 2021 )
=Net Income/Total Assets
=190.248/2631.9585
=(Net Income / Revenue)*(Revenue / Total Assets)
=(190.248 / 2049.388)*(2049.388 / 2631.9585)
=Net Margin %*Asset Turnover
=9.28 %*0.7787
=7.23 %

Note: The Net Income data used here is four times the quarterly (Dec. 2021) net income data. The Revenue data used here is four times the quarterly (Dec. 2021) 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.


Kraton Asset Turnover Related Terms

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


Kraton (Kraton) Business Description

Traded in Other Exchanges
N/A
Address
15710 John F. Kennedy Boulevard, Suite 300, Houston, TX, USA, 77032
Kraton Corp is a specialty chemicals company that primarily manufactures elastomers and synthetic replacements for rubber. The company's operating segments include polymer and chemical. It generates a majority revenue from the polymer segment. The polymer segment is composed of styrenic block copolymers (SBCs) and other engineered polymers business. The firm's chemical segment is composed of its pine-based specialty products business. It is a geographically diverse company, oprating in the Americas, Europe, the Middle East, Africa and Asia-Pacific. The company's products are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants, lubricants, medical, packaging, automotive, paving and roofing, and footwear products.
Executives
Kevin Michael Fogarty director, officer: President and CEO 30 GRAND GARDEN COURT, THE WOODLANDS TX 77381
Vijay Mhetar officer: SVP, Chief Technology Officer 15710 JOHN F. KENNEDY BLVD., SUITE 300 HOUSTON TX 77032
Marcello C Boldrini officer: SVP & Chemical Seg. President 15710 JOHN F. KENNEDY BLVD. SUITE 300 HOUSTON TX 77032
Chris H. Russell officer: VP, Chief Accounting Officer 15710 JOHN F. KENNEDY BLVD., SUITE 300, HOUSOTN TX 77032
James Leo Simmons officer: SVP, General Counsel & Sec. 15710 JOHN F. KENNEDY BLVD. SUITE 300 HOUSTON TX 77032
Mark Santangelo officer: SVP, Global Operations 15710 JOHN F. KENNEDY BLVD., SUITE 300 HOUSTON TX 77032
Atanas H Atanasov officer: SVP, CFO and Treasurer C/O NGL ENERGY PARTNERS LP, 6120 S. YALE AVENUE, SUITE 805, TULSA OK 74136
Haddad Jose Fernando Cherubini other: Former SVP, Global Operations 15710 JOHN F KENNEDY BLVD SUITE 300 HOUSTON TX 77032
Heba Botros other: Former VP, Corp. Dev. 15710 JOHN F. KENNEDY BLVD. SUITE 300 HOUSTON TX 77032
Holger R. Jung officer: SVP & Polymer Seg. President 15710 JOHN F. KENNEDY BLVD. SUITE 300 HOUSTON TX 77032
Suzanna Pesgens officer: VP, Chief Procurement Officer 15710 JOHN F. KENNEDY BLVD.,SUITE 300 HOUSTON TX 77004
Melinda Scissors Conley officer: SVP & Chief HR Officer 15710 JFK BOULEVARD, SUITE 300 HOUSTON TX 77032
Shelley J Bausch director 15710 JOHN F. KENNEDY BLVD., SUITE 300, HOUSTON TX 77032
Billie Ida Williamson director 151 DETROIT STREET, DENVER CO 80206
Dan F Smith director 1221 MCKINNEY STREET, SUITE 700, HOUSTON TX 77010