GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AAON Inc (NAS:AAON) » Definitions » Asset Turnover

AAON (AAON) Asset Turnover : 0.32 (As of Sep. 2024)


View and export this data going back to 1990. Start your Free Trial

What is AAON Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. AAON's Revenue for the three months ended in Sep. 2024 was $327 Mil. AAON's Total Assets for the quarter that ended in Sep. 2024 was $1,021 Mil. Therefore, AAON's Asset Turnover for the quarter that ended in Sep. 2024 was 0.32.

Asset Turnover is linked to ROE % through Du Pont Formula. AAON's annualized ROE % for the quarter that ended in Sep. 2024 was 27.38%. It is also linked to ROA % through Du Pont Formula. AAON's annualized ROA % for the quarter that ended in Sep. 2024 was 20.62%.


AAON Asset Turnover Historical Data

The historical data trend for AAON'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.

AAON Asset Turnover Chart

AAON Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.38 1.25 0.97 1.21 1.33

AAON Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.33 0.33 0.28 0.32 0.32

Competitive Comparison of AAON's Asset Turnover

For the Building Products & Equipment subindustry, AAON'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.


AAON's Asset Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, AAON's Asset Turnover distribution charts can be found below:

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



AAON Asset Turnover Calculation

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

AAON'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 )
=1168.518/( (813.903+941.436)/ 2 )
=1168.518/877.6695
=1.33

AAON's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=327.252/( (1010.716+1030.625)/ 2 )
=327.252/1020.6705
=0.32

* 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.


AAON  (NAS:AAON) Asset Turnover Explanation

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

AAON's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=210.5/768.677
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(210.5 / 1309.008)*(1309.008 / 1020.6705)*(1020.6705/ 768.677)
=Net Margin %*Asset Turnover*Equity Multiplier
=16.08 %*1.2825*1.3278
=ROA %*Equity Multiplier
=20.62 %*1.3278
=27.38 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) 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:

AAON's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=210.5/1020.6705
=(Net Income / Revenue)*(Revenue / Total Assets)
=(210.5 / 1309.008)*(1309.008 / 1020.6705)
=Net Margin %*Asset Turnover
=16.08 %*1.2825
=20.62 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) 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.


AAON Asset Turnover Related Terms

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


AAON Business Description

Traded in Other Exchanges
Address
2425 South Yukon Avenue, Tulsa, OK, USA, 74107
AAON Inc is a manufacturer of air-conditioning and heating equipment. The products include rooftop units, chillers, packaged outdoor mechanical rooms, air-handling units, makeup air units, energy-recovery units, condensing units, geothermal heat pumps, and self-contained units and coils. AAON's products serve the commercial and industrial new construction and replacement markets, primarily in North America.
Executives
Stephen E Wakefield officer: VP, Engineering 2425 SOUTH YUKON, TULSA OK 74107
Gary D Fields director 2425 SOUTH YUKON, TULSA OK 74107
Casey Kidwell officer: VP, Administration 9906 NORTH 108TH EAST PLACE, OWASSO OK 74055
Gordon Douglas Wichman officer: Vice President 4300 WILLOW BEND DR., LONGVIEW TX 75602
Robert Teis officer: VP, Sales and Marketing 6813 FOXBRIAR DR., TULSA OK 74132
Norman H Asbjornson director, 10 percent owner, officer: President AAON INC, 2425 SOUTH YUKON, TULSA OK 74107
Rebecca Thompson officer: Chief Accounting Officer 2425 S YUKON AVE, TULSA OK 74107
David Raymond Stewart director 4221 E. 96TH PLACE, TULSA OK 74137
Rony D Gadiwalla officer: VP, Information Technology 2425 SOUTH YUKON, TULSA OK 74107
Larry Gene Stewart officer: Vice President 2425 SOUTH YUKON AVE, TULSA OK 74107
Xerxes P Gazder officer: Chief Information Officer 109 N FORESTVIEW LANE, AURORA IL 60502
Stephen O Leclair director 3100 CUMBERLAND BLVD, SUITE 1700, ATLANTA GA 30339
Lackey Paul K Jr director 2200 SOUTH UTICA PL., 6B-GENOA, TULSA OK 74114
Bruce Ware director 3605 PATIENCE BLVD, DALLAS TX 75236
Christopher Douglas Eason officer: Chief Accounting Officer 2425 S YUKON AVE, TULSA OK 74107