Asset Turnover is linked to ROE % through Du Pont Formula. Altair Nanotechnologies's annualizedROE % for the quarter that ended in Sep. 2016 was 68.58%. It is also linked to ROA % through Du Pont Formula. Altair Nanotechnologies's annualizedROA % for the quarter that ended in Sep. 2016 was -6.94%.
Altair Nanotechnologies Asset Turnover Historical 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.
Competitive Comparison of Altair Nanotechnologies's Asset Turnover
For the Electronic Components subindustry, Altair Nanotechnologies'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.
Altair Nanotechnologies's Asset Turnover Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Altair Nanotechnologies's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Altair Nanotechnologies's Asset Turnover falls into.
* 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.
Note:
The Net Income data used here is four times the quarterly (Sep. 2016) net income data. The Revenue data used here is four times the quarterly (Sep. 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:
Altair Nanotechnologies's annulizedROA % for the quarter that ended in Sep. 2016 is
Note:
The Net Income data used here is four times the quarterly (Sep. 2016) net income data. The Revenue data used here is four times the quarterly (Sep. 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.
Altair Nanotechnologies Asset Turnover Related Terms
Thank you for viewing the detailed overview of Altair Nanotechnologies's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Altair Nanotechnologies (Altair Nanotechnologies) Business Description
Altair Nanotechnologies Inc was incorporated under the laws of the Province of Ontario, Canada in April 1973. The Company develops, manufactures and sells nano lithium titanate batteries and energy storage systems. Its nano lithium titanate battery systems offer higher power density, longer cycle life, rapid charge and discharge capabilities, operating temperature range and higher levels of safety than conventional lithium-ion batteries. The Company targets applications that effectively utilize the key attributes of its technology. It operates in two major business segments: Power and Energy Group, and All Other operations. The Power and Energy Group develops, produces, and sells battery systems. The All Others group consists of the remaining portions of the previous Life Sciences and Performance Materials groups. Its target market is electric grid, which design, manufacture and sell grid-scale battery systems, which provide ancillary services including frequency regulation. The Company currently is working with multiple vehicle manufacturers and suppliers regarding their hybrid and electric vehicle efforts. In 2012, it focused on the launch of its newest energy storage system, the ALTI-ESS Advantage. First, the company focused its product development on the launch of newest electric grid product, the 2 megawatt ALTI-ESS Advantage, which increased system specification from 1 megawatt to 2 megawatts, while reducing the containerized power modules footprint from 53 feet to 40 feet. Second, it focused on the manufacture of five grid-scale energy storage systems for four customers, who included the Hawaii Natural Energy Institute (HNEI), Vestas, TSK Solar and a U.S. utility company based on the East Coast. The Company has developed, and continues to develop, through its primary materials science research, a lithium-ion battery chemistry using nanotechnologies to create materials offering unique electrochemistry properties for rechargeable batteries. It manufactures cells, modules, packs and turn-key energy storage systems for its target customers, including 24V, 36V, and 48V industrial and transportation systems, a configurable industrial PowerRack system, and large-scale systems for the electric grid. The Company uses compounds of lithium and of titanium to manufacture its nano lithium titanate. It has a total of 12 U.S. and 42 foreign patents. A number of energy storage and power electronic component producers have entered into the frequency regulation market which include include ABB, A123 Systems., BYD, GS Yuasa, LG Chem, Mitsubishi, Parker Hannifin, Saft and XtremePower. Its products typically compete with existing methods for providing frequency regulation and renewables integration rather than competing battery manufacturers. Its current and proposed activities are subject to numerous federal, state, and local laws and regulations concerning machine and chemical safety and environmental protection.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ALTI has been successfully added to your 