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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. LeMaitre Vascular's Revenue for the three months ended in Dec. 2023 was $48.9 Mil. LeMaitre Vascular's Total Assets for the quarter that ended in Dec. 2023 was $340.4 Mil. Therefore, LeMaitre Vascular's Asset Turnover for the quarter that ended in Dec. 2023 was 0.14.
Asset Turnover is linked to ROE % through Du Pont Formula. LeMaitre Vascular's annualized ROE % for the quarter that ended in Dec. 2023 was 11.55%. It is also linked to ROA % through Du Pont Formula. LeMaitre Vascular's annualized ROA % for the quarter that ended in Dec. 2023 was 9.95%.
The historical data trend for LeMaitre Vascular'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.
LeMaitre Vascular Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 0.69 | 0.59 | 0.57 | 0.54 | 0.59 |
LeMaitre Vascular 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 | 0.13 | 0.15 | 0.16 | 0.14 | 0.14 |
For the Medical Instruments & Supplies subindustry, LeMaitre Vascular'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 Medical Devices & Instruments industry and Healthcare sector, LeMaitre Vascular's Asset Turnover distribution charts can be found below:
* The bar in red indicates where LeMaitre Vascular's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
LeMaitre Vascular'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 ) |
= | 193.484 | / | ( (310.476 | + | 346.778) | / 2 ) |
= | 193.484 | / | 328.627 | |||
= | 0.59 |
LeMaitre Vascular'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 ) |
= | 48.883 | / | ( (334.012 | + | 346.778) | / 2 ) |
= | 48.883 | / | 340.395 | |||
= | 0.14 |
* 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.
LeMaitre Vascular (NAS:LMAT) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
LeMaitre Vascular's annulized ROE % for the quarter that ended in Dec. 2023 is
ROE %** | (Q: Dec. 2023 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 33.86 | / | 293.2685 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (33.86 / 195.532) | * | (195.532 / 340.395) | * | (340.395/ 293.2685) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 17.32 % | * | 0.5744 | * | 1.1607 |
= | ROA % | * | Equity Multiplier | ||
= | 9.95 % | * | 1.1607 | ||
= | 11.55 % |
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:
LeMaitre Vascular's annulized ROA % for the quarter that ended in Dec. 2023 is
ROA % | (Q: Dec. 2023 ) | ||
= | Net Income | / | Total Assets |
= | 33.86 | / | 340.395 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (33.86 / 195.532) | * | (195.532 / 340.395) |
= | Net Margin % | * | Asset Turnover |
= | 17.32 % | * | 0.5744 |
= | 9.95 % |
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 LeMaitre Vascular's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
George W Lemaitre | director, 10 percent owner, officer: Chairman, President and CEO | 342 BUNKER HILL STREET, #2B, CHARLESTOWN MA 02129 |
Bridget A Ross | director | C/O HENRY SCHEIN, INC., 135 DURYEA ROAD, MELVILLE NY 11747 |
John A Roush | director | C/O GSI GROUP INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730-1409 |
Lawrence J Jasinski | director | SOTEIRA INC., 14 TECH CIRCLE, NATICK MA 01760 |
David B Roberts | director, officer: CFO and Director | 55 BRADFORD STREET, NEEDHAM MA 02492 |
Trent G Kamke | officer: Senior V. P., Operations | 61 WILLOWDEAN AVENUE, WEST ROXBURY MA 02132 |
Martha Shadan | director | 9201 W BROADWAY AVE, #650, MINNEAPOLIS MN 55445 |
Pellegrino Joseph P Jr | officer: Executive V.P. Finance | 68 BEACON STREET, BOSTON MA 02108 |
Michael H Thomas | director | P.O. BOX 2207, NOKOMIS FL 34274-2207 |
Peter R Gebauer | officer: President, International OP | AM WALDFELD 17, BAD SODEN 2M 65812 |
Michael T Wijas | officer: VP of Sales, The Americas | C/O LEMAITRE VASCULAR, INC., 63 SECOND AVENUE, BURLINGTON MA 01803 |
Lemaitre Cornelia W | director, officer: V.P., Human Resources,Director | 8 SUNSET ROCK ROAD, ANDOVER MA 01810 |
Russell D Hays | director | C/O BIOSOURCE INTERNATIONAL INC, 542 FLYNN RD, CAMARILLO CA 93012 |
Robert V Linden | officer: VP, North American Sales | 236 WOODEN BRIDGE ROAD, HOLLAND PA 18966 |
Thorndike William N Jr | director | HOUSATONIC PARTNERS, 800 BOYLSTON STREET, SUITE 2220, BOSTON MA 02199 |
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