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Time Warner Cable (Time Warner Cable) Asset Turnover : 0.13 (As of Mar. 2016)


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What is Time Warner Cable Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Time Warner Cable's Revenue for the three months ended in Mar. 2016 was $6,191 Mil. Time Warner Cable's Total Assets for the quarter that ended in Mar. 2016 was $49,514 Mil. Therefore, Time Warner Cable's Asset Turnover for the quarter that ended in Mar. 2016 was 0.13.

Asset Turnover is linked to ROE % through Du Pont Formula. Time Warner Cable's annualized ROE % for the quarter that ended in Mar. 2016 was 21.53%. It is also linked to ROA % through Du Pont Formula. Time Warner Cable's annualized ROA % for the quarter that ended in Mar. 2016 was 3.99%.


Time Warner Cable Asset Turnover Historical Data

The historical data trend for Time Warner Cable'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.

Time Warner Cable Asset Turnover Chart

Time Warner Cable Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.42 0.44 0.45 0.47 0.49

Time Warner Cable Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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 0.12 0.12 0.12 0.12 0.13

Competitive Comparison of Time Warner Cable's Asset Turnover

For the Broadcasting subindustry, Time Warner Cable'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.


Time Warner Cable's Asset Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Time Warner Cable's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Time Warner Cable's Asset Turnover falls into.



Time Warner Cable Asset Turnover Calculation

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

Time Warner Cable's Asset Turnover for the fiscal year that ended in Dec. 2015 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2015 )/( (Total Assets (A: Dec. 2014 )+Total Assets (A: Dec. 2015 ))/ count )
=23697/( (48135+49277)/ 2 )
=23697/48706
=0.49

Time Warner Cable's Asset Turnover for the quarter that ended in Mar. 2016 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2016 )/( (Total Assets (Q: Dec. 2015 )+Total Assets (Q: Mar. 2016 ))/ count )
=6191/( (49277+49751)/ 2 )
=6191/49514
=0.13

* 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.


Time Warner Cable  (NYSE:TWC) Asset Turnover Explanation

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

Time Warner Cable's annulized ROE % for the quarter that ended in Mar. 2016 is

ROE %**(Q: Mar. 2016 )
=Net Income/Total Stockholders Equity
=1976/9176
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1976 / 24764)*(24764 / 49514)*(49514/ 9176)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.98 %*0.5001*5.396
=ROA %*Equity Multiplier
=3.99 %*5.396
=21.53 %

Note: The Net Income data used here is four times the quarterly (Mar. 2016) net income data. The Revenue data used here is four times the quarterly (Mar. 2016) 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:

Time Warner Cable's annulized ROA % for the quarter that ended in Mar. 2016 is

ROA %(Q: Mar. 2016 )
=Net Income/Total Assets
=1976/49514
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1976 / 24764)*(24764 / 49514)
=Net Margin %*Asset Turnover
=7.98 %*0.5001
=3.99 %

Note: The Net Income data used here is four times the quarterly (Mar. 2016) net income data. The Revenue data used here is four times the quarterly (Mar. 2016) 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.


Time Warner Cable Asset Turnover Related Terms

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


Time Warner Cable (Time Warner Cable) Business Description

Traded in Other Exchanges
N/A
Address
Time Warner Cable Inc was incorporated as a Delaware corporation on March 21, 2003. The Company provides video, high-speed data and voice services in five geographic areas: New York State, the Carolinas, the Midwest, Southern California and Texas. The Company has three reportable segments: Residential Services, Business Services and Other Operations. Its video service provides over 300 channels and 20,000 video-on-demand choices. It offers tiers and packages of video programming and music services. Its residential video subscribers also may subscribe to premium network programming, such as Cinemax, EPIX, HBO, Showtime and Starz. The Company offers high-speed data service tiers, each with attributes tailored to meet the different needs its subscribers providing from up to 2 to up to 300 mbps downstream levels. Its high-speed data service also provides communication tools and personalized services, including email, PC security, parental controls and online radio, at no additional charge. The Company offers IntelligentHome, a security and home management service, in substantially all of its operating areas. It offers networking, voice, video, hosting and cloud computing services. The Company offers business customers a data services, including Internet access, network services and wholesale transport services. It also offers video programming tiers, music services and voice services including multi-line phone service and trunk service. The Company's Other Operations segment consists of Time Warner Cable Media, the advertising sales arm, its local sports, news and lifestyle channels and SportsNet LA. The Company delivers video, data and voice services over a network that includes a nationwide fiber backbone, fiber-rich regional and metro rings, and last mile connections to customers' homes and businesses. It contracts with third parties for goods and services related to the delivery of its video, high-speed data and voice services. The Company's residential video, high-speed data and voice services face competition from AT&T, CenturyLink, Inc., Cincinnati Bell Inc, Fairpoint Communications Inc, Frontier Communications Corp, Hawaiian Telcom Holdco Inc, Verizon and Windstream Corp. Its residential video and high-speed data services compete with Google's video and broadband services.
Executives
Donna James director ONE MIRANOVA PLACE, SUITE 1040, COLUMBUS OH 43215
John E Sununu director C/O BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752
Copeland James E Jr director 2500 WINDY RIDGE PARKWAY, ATLANTA GA 30339
Robert D Marcus director, officer: Chairman & CEO C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 17TH FLOOR, NEW YORK NY 10023
Nicholas Nicholas J Jr director C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 16TH FLOOR, NEW YORK NY 10023
Thomas H Castro director C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 16TH FLOOR, NEW YORK NY 10023
Osbourn William F Jr officer: SVP, Chief Acct Off & Co-CFO C/O TIME WARNER CABLE, 60 COLUMBUS CIRCLE, 16TH FLOOR, NEW YORK NY 10023
Matthew Siegel officer: SVP & Treasurer and Co-CFO C/O TIME WARNER CABLE, 60 COLUMBUS CIRCLE, NEW YORK NY 10023
Edward D Shirley director SYSCO CORPORATION, 1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Carole Black director C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 16TH FLOOR, NEW YORK NY 10023
David C Chang director C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 16TH FLOOR, NEW YORK NY 10023
Glenn Britt director C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 17TH FLOOR, NEW YORK NY 10023
Melinda Witmer officer: EVP, Chf Video & Content Offcr C/O TEGNA INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Joan H Gillman officer: EVP & COO, Media Services C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
Irene M Esteves officer: EVP & CFO C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 17TH FLOOR, NEW YORK NY 10023

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