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Sky Deutschland AG (Sky Deutschland AG) Asset Turnover : 1.24 (As of Dec. 2013)


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What is Sky Deutschland AG Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Sky Deutschland AG's Revenue for the six months ended in Dec. 2013 was $2,118 Mil. Sky Deutschland AG's Total Assets for the quarter that ended in Dec. 2013 was $1,703 Mil. Therefore, Sky Deutschland AG's Asset Turnover for the quarter that ended in Dec. 2013 was 1.24.

Asset Turnover is linked to ROE % through Du Pont Formula. Sky Deutschland AG's annualized ROE % for the quarter that ended in Dec. 2013 was -143.31%. It is also linked to ROA % through Du Pont Formula. Sky Deutschland AG's annualized ROA % for the quarter that ended in Dec. 2013 was -21.41%.


Sky Deutschland AG Asset Turnover Historical Data

The historical data trend for Sky Deutschland AG'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.

Sky Deutschland AG Asset Turnover Chart

Sky Deutschland AG Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Asset Turnover
Get a 7-Day Free Trial Premium Member Only 0.54 0.72 0.89 1.06 1.18

Sky Deutschland AG Semi-Annual Data
Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.72 0.89 1.06 1.18 1.24

Competitive Comparison of Sky Deutschland AG's Asset Turnover

For the Broadcasting subindustry, Sky Deutschland AG'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.


Sky Deutschland AG's Asset Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Sky Deutschland AG's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Sky Deutschland AG's Asset Turnover falls into.



Sky Deutschland AG Asset Turnover Calculation

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

Sky Deutschland AG's Asset Turnover for the fiscal year that ended in Dec. 2012 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2012 )/( (Total Assets (A: Dec. 2011 )+Total Assets (A: Dec. 2012 ))/ count )
=1749.608/( (1469.5+1506.52)/ 2 )
=1749.608/1488.01
=1.18

Sky Deutschland AG's Asset Turnover for the quarter that ended in Dec. 2013 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2013 )/( (Total Assets (Q: Dec. 2012 )+Total Assets (Q: Dec. 2013 ))/ count )
=2118.425/( (1506.52+1899.886)/ 2 )
=2118.425/1703.203
=1.24

* 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.


Sky Deutschland AG  (OTCPK:SKDTY) Asset Turnover Explanation

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

Sky Deutschland AG's annulized ROE % for the quarter that ended in Dec. 2013 is

ROE %**(Q: Dec. 2013 )
=Net Income/Total Stockholders Equity
=-364.668/254.458
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-364.668 / 4236.85)*(4236.85 / 1703.203)*(1703.203/ 254.458)
=Net Margin %*Asset Turnover*Equity Multiplier
=-8.61 %*2.4876*6.6935
=ROA %*Equity Multiplier
=-21.41 %*6.6935
=-143.31 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2013) net income data. The Revenue data used here is two times the semi-annual (Dec. 2013) 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:

Sky Deutschland AG's annulized ROA % for the quarter that ended in Dec. 2013 is

ROA %(Q: Dec. 2013 )
=Net Income/Total Assets
=-364.668/1703.203
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-364.668 / 4236.85)*(4236.85 / 1703.203)
=Net Margin %*Asset Turnover
=-8.61 %*2.4876
=-21.41 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2013) net income data. The Revenue data used here is two times the semi-annual (Dec. 2013) 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.


Sky Deutschland AG Asset Turnover Related Terms

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Sky Deutschland AG (Sky Deutschland AG) Business Description

Traded in Other Exchanges
N/A
Address
Sky Deutschland AG is a Germany-based holding company established in 2002. The Company along with its subsidiaries operates a pay-TV business in Germany and Austria under the Sky trademark. The Company's package includes: Sky Welt Package, Fußball Bundesliga Package, Premium Bundesliga HD channels, Sport Package, Premium Sport HD Channels, Film Package and Premium Film HD Channels. The Company is also engaged in the purchase, sale and distribution of rights to films, series and TV productions, the acquisition, sale and distribution of broadcasting rights for public events, the arrangement of program magazine subscriptions, and other activities associated with the operation of the pay-TV business. The Company's services includes: Sky Go, Sky+, Sky Anytime, and Sky Home. Its offers channels of various genres, which includes; Sky Sports News HD, Sky Cinema HD, Sky Atlantic HD, Sky Sport HD, Sky Bundesliga and Sky Select HD. The Company competes with platform operators offering both pay-TV packages and VoD services. It also competes with over-the-top players who provide video-on-demand and subscription-video-on-demand entertainment via the Internet.

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