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Lincoln Educational Services (Lincoln Educational Services) Asset Turnover : 0.31 (As of Dec. 2023)


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What is Lincoln Educational Services Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Lincoln Educational Services's Revenue for the three months ended in Dec. 2023 was $102.5 Mil. Lincoln Educational Services's Total Assets for the quarter that ended in Dec. 2023 was $330.5 Mil. Therefore, Lincoln Educational Services's Asset Turnover for the quarter that ended in Dec. 2023 was 0.31.

Asset Turnover is linked to ROE % through Du Pont Formula. Lincoln Educational Services's annualized ROE % for the quarter that ended in Dec. 2023 was 16.77%. It is also linked to ROA % through Du Pont Formula. Lincoln Educational Services's annualized ROA % for the quarter that ended in Dec. 2023 was 8.22%.


Lincoln Educational Services Asset Turnover Historical Data

The historical data trend for Lincoln Educational Services'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.

Lincoln Educational Services Asset Turnover Chart

Lincoln Educational Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.60 1.33 1.24 1.19 1.19

Lincoln Educational Services 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 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 0.32 0.31 0.30 0.32 0.31

Competitive Comparison of Lincoln Educational Services's Asset Turnover

For the Education & Training Services subindustry, Lincoln Educational Services'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.


Lincoln Educational Services's Asset Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Lincoln Educational Services's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Lincoln Educational Services's Asset Turnover falls into.



Lincoln Educational Services Asset Turnover Calculation

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

Lincoln Educational Services'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 )
=378.07/( (291.566+345.249)/ 2 )
=378.07/318.4075
=1.19

Lincoln Educational Services'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 )
=102.522/( (315.778+345.249)/ 2 )
=102.522/330.5135
=0.31

* 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.


Lincoln Educational Services  (NAS:LINC) Asset Turnover Explanation

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

Lincoln Educational Services's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=27.168/161.9845
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(27.168 / 410.088)*(410.088 / 330.5135)*(330.5135/ 161.9845)
=Net Margin %*Asset Turnover*Equity Multiplier
=6.62 %*1.2408*2.0404
=ROA %*Equity Multiplier
=8.22 %*2.0404
=16.77 %

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:

Lincoln Educational Services's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=27.168/330.5135
=(Net Income / Revenue)*(Revenue / Total Assets)
=(27.168 / 410.088)*(410.088 / 330.5135)
=Net Margin %*Asset Turnover
=6.62 %*1.2408
=8.22 %

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.


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.


Lincoln Educational Services Asset Turnover Related Terms

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


Lincoln Educational Services (Lincoln Educational Services) Business Description

Traded in Other Exchanges
Address
14 Sylvan Way, Suite A, Parsippany, NJ, USA, 07054
Lincoln Educational Services Corp provides diversified career-oriented post-secondary education to high school graduates and working adults. The company offers programs in automotive technology, skilled trades, healthcare services, hospitality services and business and information technology. Its business is organized into three reportable business segments: Transportation and Skilled Trades, Healthcare and Other Professions (HOPS), and Transitional. It derives most of the revenue from the Transportation and Skilled Trades segment which offers academic programs mainly in the career-oriented disciplines of transportation and skilled trades such as automotive, diesel, HVAC, welding, and manufacturing.
Executives
Burke James J Jr director C/O ANNTAYLOR STORES CORP, 7 TIMES SQUARE, 15TH FLOOR, NEW YORK NY 10036
J Barry Morrow director COLLEGIATE FUNDING SERVICES, 100 RIVERSIDE PARKWAY, FREDERICKSBURG VA 22406
Juniper Investment Company, Llc 10 percent owner 555 MADISON AVENUE, 24TH FLOOR, NEW YORK NY 10022-3315
Ronald Edward Harbour director C/O SPARTAN MOTORS INC, 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
Brian K Meyers officer: CFO and Treasurer C/O LINCOLN EDUCATIONAL SERVICES CORPORA, 200 EXECUTIVE DR., STE. 340, WEST ORANGE NJ 07052
Kevin M Carney director 12735 GRAN BAY PARKWAY WEST, BUILDING 200, JACKSONVILLE FL 32258
Scott M Shaw officer: Executive Vice President C/O LINCOLN EDUCATIONAL SERVICES CORP, 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052
Chad D Nyce officer: Chief Innovation Officer C/O LINCOLN EDUCATIONAL SERVICES CORPORA, 200 EXECUTIVE DR., STE 340, WEST ORANGE NJ 07052
Sylvia Jean Young director C/O LINCOLN EDUCATIONAL SERVICES CORPORA, 14 SYLVAN WAY, STE. A, PARSIPPANY NJ 07054
Juniper Targeted Opportunity Fund, L.p. 10 percent owner 555 MADISON AVENUE, 24TH FLOOR, NEW YORK NY 10022
Felecia J. Pryor director 3850 W. HAMLIN ROAD, AUBURN HILLS MI 48326
Michael A Plater director C/O LINCOLN EDUCATIONAL SERVICES CORP., 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052
Carlton Rose director C/O LINCOLN EDUCATIONAL SERVICES CORPORA, 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052
Stephen M Buchenot officer: Group VP of Operations C/O LINCOLN EDUCATIONAL SERVICES CORP., 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052
Celia Currin director C/O LINCOLN EDUCATIONAL SERVICES CORP, 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052