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Acadian Timber (Acadian Timber) Asset Turnover : 0.04 (As of Dec. 2023)


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What is Acadian Timber Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Acadian Timber's Revenue for the three months ended in Dec. 2023 was $17.75 Mil. Acadian Timber's Total Assets for the quarter that ended in Dec. 2023 was $418.62 Mil. Therefore, Acadian Timber's Asset Turnover for the quarter that ended in Dec. 2023 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. Acadian Timber's annualized ROE % for the quarter that ended in Dec. 2023 was 14.80%. It is also linked to ROA % through Du Pont Formula. Acadian Timber's annualized ROA % for the quarter that ended in Dec. 2023 was 8.26%.


Acadian Timber Asset Turnover Historical Data

The historical data trend for Acadian Timber'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.

Acadian Timber Asset Turnover Chart

Acadian Timber 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 0.20 0.18 0.19 0.17 0.17

Acadian Timber Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.04 0.04 0.04 0.05 0.04

Competitive Comparison of Acadian Timber's Asset Turnover

For the Lumber & Wood Production subindustry, Acadian Timber'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.


Acadian Timber's Asset Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Acadian Timber's Asset Turnover distribution charts can be found below:

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



Acadian Timber Asset Turnover Calculation

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

Acadian Timber'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 )
=69.676/( (403.265+423.34)/ 2 )
=69.676/413.3025
=0.17

Acadian Timber's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=17.751/( (413.895+423.34)/ 2 )
=17.751/418.6175
=0.04

* 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.


Acadian Timber  (OTCPK:ACAZF) Asset Turnover Explanation

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

Acadian Timber's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=34.564/233.596
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(34.564 / 71.004)*(71.004 / 418.6175)*(418.6175/ 233.596)
=Net Margin %*Asset Turnover*Equity Multiplier
=48.68 %*0.1696*1.7921
=ROA %*Equity Multiplier
=8.26 %*1.7921
=14.80 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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:

Acadian Timber's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=34.564/418.6175
=(Net Income / Revenue)*(Revenue / Total Assets)
=(34.564 / 71.004)*(71.004 / 418.6175)
=Net Margin %*Asset Turnover
=48.68 %*0.1696
=8.26 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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.


Acadian Timber Asset Turnover Related Terms

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


Acadian Timber (Acadian Timber) Business Description

Traded in Other Exchanges
Address
365 Canada Road, Edmundston, NB, CAN, E3V 1W2
Acadian Timber Corp is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. The company's operating segments include NB Timberlands and Maine Timberlands. It generates maximum revenue from the NB Timberlands segment. The company's product includes softwood and hardwood sawlogs, pulpwood and biomass by-products.