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Planar Systems (Planar Systems) Asset Turnover : 0.51 (As of Jun. 2015)


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What is Planar Systems Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Planar Systems's Revenue for the three months ended in Jun. 2015 was $42.5 Mil. Planar Systems's Total Assets for the quarter that ended in Jun. 2015 was $84.0 Mil. Therefore, Planar Systems's Asset Turnover for the quarter that ended in Jun. 2015 was 0.51.

Asset Turnover is linked to ROE % through Du Pont Formula. Planar Systems's annualized ROE % for the quarter that ended in Jun. 2015 was -2.40%. It is also linked to ROA % through Du Pont Formula. Planar Systems's annualized ROA % for the quarter that ended in Jun. 2015 was -1.40%.


Planar Systems Asset Turnover Historical Data

The historical data trend for Planar Systems'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.

Planar Systems Asset Turnover Chart

Planar Systems Annual Data
Trend Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.60 1.75 1.83 2.06 2.18

Planar Systems Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
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 0.55 0.65 0.65 0.57 0.51

Competitive Comparison of Planar Systems's Asset Turnover

For the Electronic Components subindustry, Planar Systems'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.


Planar Systems's Asset Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Planar Systems's Asset Turnover distribution charts can be found below:

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



Planar Systems Asset Turnover Calculation

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

Planar Systems's Asset Turnover for the fiscal year that ended in Sep. 2014 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Sep. 2014 )/( (Total Assets (A: Sep. 2013 )+Total Assets (A: Sep. 2014 ))/ count )
=179.003/( (79.885+84.404)/ 2 )
=179.003/82.1445
=2.18

Planar Systems's Asset Turnover for the quarter that ended in Jun. 2015 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2015 )/( (Total Assets (Q: Mar. 2015 )+Total Assets (Q: Jun. 2015 ))/ count )
=42.484/( (86.123+81.815)/ 2 )
=42.484/83.969
=0.51

* 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.


Planar Systems  (NAS:PLNR) Asset Turnover Explanation

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

Planar Systems's annulized ROE % for the quarter that ended in Jun. 2015 is

ROE %**(Q: Jun. 2015 )
=Net Income/Total Stockholders Equity
=-1.172/48.933
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1.172 / 169.936)*(169.936 / 83.969)*(83.969/ 48.933)
=Net Margin %*Asset Turnover*Equity Multiplier
=-0.69 %*2.0238*1.716
=ROA %*Equity Multiplier
=-1.40 %*1.716
=-2.40 %

Note: The Net Income data used here is four times the quarterly (Jun. 2015) net income data. The Revenue data used here is four times the quarterly (Jun. 2015) 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:

Planar Systems's annulized ROA % for the quarter that ended in Jun. 2015 is

ROA %(Q: Jun. 2015 )
=Net Income/Total Assets
=-1.172/83.969
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.172 / 169.936)*(169.936 / 83.969)
=Net Margin %*Asset Turnover
=-0.69 %*2.0238
=-1.40 %

Note: The Net Income data used here is four times the quarterly (Jun. 2015) net income data. The Revenue data used here is four times the quarterly (Jun. 2015) 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.


Planar Systems Asset Turnover Related Terms

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


Planar Systems (Planar Systems) Business Description

Traded in Other Exchanges
N/A
Address
Planar Systems Inc was incorporated on April 27, 1983. The Company is a provider of specialty display products, solutions, and services for customers in a number of end-market segments. Products include display components, completed displays, and display solutions and systems based on a variety of flat panel and front- and rear-projection technologies. The Company capitalizes on its strong supply chain, logistics, and distribution relationships to sell a variety of mainly LCD based displays to the United States marketplace. The Company offers High-End Home Display which offers various high-performance home theater front-projection systems, video processing equipment, large-format thin displays, and accessories, that aims at the high-end home market and certain commercial installations The Company employs sales professionals in many countries around the world and sells both directly to end users and through reseller channels.The Company's direct competitors are numerous and diverse. In display systems including AMLCD components sourced from manufacturers, Planar's value-added specialty display products compete against those of NEC, Acer, Viewsonic, Dell and others in the IT market. The Company's operations are subject to environmental and various other regulations in each of the jurisdictions in which it conducts business.
Executives
Richard Hill director
Harold Hughes director C/O RAMBUS INC., 1050 ENTERPRISE WAY, SUITE 700, SUNNYVALE CA 94089
David Sandberg director 40 SE 5TH STREET, SUITE 502, BOCA RATON FL 33432
Red Oak Partners, Llc director 95 S. FEDERAL HWY, SUITE 201, BOCA RATON FL 33432
Greg Turnbull director 123 SAGLNAW DRIVE, REDWOOD CITY CA 94063
Steven E Wynne director 27700 SW PARKWAY AVENUE, WILSONVILLE OR 97070
Esther Kay Stepp director
Steven J Buhaly officer: COO/CFO 1195 NW LOMPTON DRIVE, BEAVESTON OR 97006
Jeffrey T Siegal officer: Corporate Controller 1195 NW LOMPTON DRIVE, BEAVESTON OR 97006
Balaji Krishnamurthy other: Chairman, President & CEO 1195 NW LOMPTON DRIVE, BEAVESTON OR 97006

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