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Octopus Eclipse VCT 2 (LSE:OEC2) Asset Turnover : 0.00 (As of Jul. 2012)


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What is Octopus Eclipse VCT 2 Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Octopus Eclipse VCT 2's Revenue for the six months ended in Jul. 2012 was £0.00 Mil. Octopus Eclipse VCT 2's Total Assets for the quarter that ended in Jul. 2012 was £10.40 Mil. Therefore, Octopus Eclipse VCT 2's Asset Turnover for the quarter that ended in Jul. 2012 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Octopus Eclipse VCT 2's annualized ROE % for the quarter that ended in Jul. 2012 was -1.57%. It is also linked to ROA % through Du Pont Formula. Octopus Eclipse VCT 2's annualized ROA % for the quarter that ended in Jul. 2012 was -1.54%.


Octopus Eclipse VCT 2 Asset Turnover Historical Data

The historical data trend for Octopus Eclipse VCT 2'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.

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Octopus Eclipse VCT 2 Asset Turnover Chart

Octopus Eclipse VCT 2 Annual Data
Trend Jan06 Jan07 Jan08 Jan09 Jan10 Jan11 Jan12
Asset Turnover
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Octopus Eclipse VCT 2 Semi-Annual Data
Jul05 Jan06 Jul06 Jan07 Jul07 Jan08 Jul08 Jan09 Jul09 Jan10 Jul10 Jan11 Jul11 Jan12 Jul12
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Competitive Comparison of Octopus Eclipse VCT 2's Asset Turnover

For the subindustry, Octopus Eclipse VCT 2'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.


Octopus Eclipse VCT 2's Asset Turnover Distribution in the Industry

For the industry and sector, Octopus Eclipse VCT 2's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Octopus Eclipse VCT 2's Asset Turnover falls into.



Octopus Eclipse VCT 2 Asset Turnover Calculation

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

Octopus Eclipse VCT 2's Asset Turnover for the fiscal year that ended in Jan. 2012 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jan. 2012 )/( (Total Assets (A: Jan. 2011 )+Total Assets (A: Jan. 2012 ))/ count )
=0/( (13.948+10.662)/ 2 )
=0/12.305
=0.00

Octopus Eclipse VCT 2's Asset Turnover for the quarter that ended in Jul. 2012 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jul. 2012 )/( (Total Assets (Q: Jan. 2012 )+Total Assets (Q: Jul. 2012 ))/ count )
=0/( (10.662+10.129)/ 2 )
=0/10.3955
=0.00

* 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.


Octopus Eclipse VCT 2  (LSE:OEC2) Asset Turnover Explanation

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

Octopus Eclipse VCT 2's annulized ROE % for the quarter that ended in Jul. 2012 is

ROE %**(Q: Jul. 2012 )
=Net Income/Total Stockholders Equity
=-0.16/10.185
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.16 / 0)*(0 / 10.3955)*(10.3955/ 10.185)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.0207
=ROA %*Equity Multiplier
=-1.54 %*1.0207
=-1.57 %

Note: The Net Income data used here is two times the semi-annual (Jul. 2012) net income data. The Revenue data used here is two times the semi-annual (Jul. 2012) 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:

Octopus Eclipse VCT 2's annulized ROA % for the quarter that ended in Jul. 2012 is

ROA %(Q: Jul. 2012 )
=Net Income/Total Assets
=-0.16/10.3955
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.16 / 0)*(0 / 10.3955)
=Net Margin %*Asset Turnover
= %*0
=-1.54 %

Note: The Net Income data used here is two times the semi-annual (Jul. 2012) net income data. The Revenue data used here is two times the semi-annual (Jul. 2012) 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.


Octopus Eclipse VCT 2 Asset Turnover Related Terms

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Octopus Eclipse VCT 2 (LSE:OEC2) Business Description

Traded in Other Exchanges
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Address
Octopus Eclipse VCT 2 PLC is a venture capital trust which aims to provide shareholders with attractive tax-free dividends and long-term capital growth, by investing in a diverse portfolio of unquoted and AIM-quoted companies.

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