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Seaboard Asset Turnover

: 0.32 (As of Sep. 2021)
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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Seaboard's Revenue for the three months ended in Sep. 2021 was $2,276 Mil. Seaboard's Total Assets for the quarter that ended in Sep. 2021 was $7,164 Mil. Therefore, Seaboard's Asset Turnover for the quarter that ended in Sep. 2021 was 0.32.

Asset Turnover is linked to ROE % through Du Pont Formula. Seaboard's annualized ROE % for the quarter that ended in Sep. 2021 was 8.90%. It is also linked to ROA % through Du Pont Formula. Seaboard's annualized ROA % for the quarter that ended in Sep. 2021 was 5.25%.


Seaboard Asset Turnover Historical Data

The historical data trend for Seaboard'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.

Seaboard Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.17 1.17 1.26 1.17 1.12

Seaboard Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Asset Turnover 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 Premium Member Only Premium Member Only Premium Member Only 0.28 0.32 0.32 0.35 0.32

Seaboard Asset Turnover Calculation

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

Seaboard's Asset Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2020 )/( (Total Assets (A: Dec. 2019 )+Total Assets (A: Dec. 2020 ))/ count )
=7126/( (6349+6399)/ 2 )
=7126/6374
=1.12

Seaboard's Asset Turnover for the quarter that ended in Sep. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2021 )/( (Total Assets (Q: Jun. 2021 )+Total Assets (Q: Sep. 2021 ))/ count )
=2276/( (7070+7257)/ 2 )
=2276/7163.5
=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.


Seaboard  (AMEX:SEB) Asset Turnover Explanation

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

Seaboard's annulized ROE % for the quarter that ended in Sep. 2021 is

ROE %**(Q: Sep. 2021 )
=Net Income/Total Stockholders Equity
=376/4222.5
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(376 / 9104)*(9104 / 7163.5)*(7163.5/ 4222.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.13 %*1.2709*1.6965
=ROA %*Equity Multiplier
=5.25 %*1.6965
=8.90 %

Note: The Net Income data used here is four times the quarterly (Sep. 2021) net income data. The Revenue data used here is four times the quarterly (Sep. 2021) 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:

Seaboard's annulized ROA % for the quarter that ended in Sep. 2021 is

ROA %(Q: Sep. 2021 )
=Net Income/Total Assets
=376/7163.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(376 / 9104)*(9104 / 7163.5)
=Net Margin %*Asset Turnover
=4.13 %*1.2709
=5.25 %

Note: The Net Income data used here is four times the quarterly (Sep. 2021) net income data. The Revenue data used here is four times the quarterly (Sep. 2021) 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.


Seaboard Asset Turnover Related Terms

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


Seaboard Business Description

Seaboard logo
Industry
Industrials » Conglomerates NAICS : 551112 SIC : 6719
Traded in Other Exchanges
Address
9000 West 67th Street, Merriam, KS, USA, 66202
Seaboard Corp is a conglomerate of food production and transportation businesses. The group operates six business segments: pork, commodity trading and milling, marine, sugar and alcohol, power, and turkey. The group offers hog production and pork processing, biodiesel production, agriculture commodity trading, agriculture commodity processing and logistics, grain and feed milling, cargo shipping, sugarcane production, alcohol production, sugar refining, power production, turkey production and processing, and production of jalapeno peppers. The largest end markets by revenue are the Caribbean and Central and South America.
Executives
Bresky Jacob A. officer: Vice Pres-Business Development 9000 WEST 67TH STREET 3RD FLOOR SHAWNEE MISSION KS 66202
Bresky Ellen S. director, 10 percent owner 9000 WEST 67TH STREET 3RD FLOOR SHAWNEE MISSION KS 66202
Baena Douglas W director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: BAENA DOUGLAS W a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Sand Darwin E officer: Pres. & CEO, Seaboard Foods 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Winfield Ivan J. Jr officer: VP-Information Technology 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Moss Ralph L officer: Senior Vice President 818 CONNECTICUT AVE NW STE 801 WASHINGTON DC 20006
Bresky Steven J director, 10 percent owner, officer: President & CEO P.O. BOX 2972 SHAWNEE MISSION KS 66201
Squires Paul M. director SEABOARD FLOUR 1320 CENTRE STREET, SUITE 200 NEWTON CENTER MA 02459
Trollinger Michael D. officer: VP, Corporate Controller, CAO 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Holden Zachery J officer: Assistant Secretary 9000 WEST 67TH STREET MERRIAM KS 66202
Shifman Edward I. Jr. director 219 FULLER STREET WEST NEWTON MA 02465
Rodrigues J E director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: RODRIGUES J E a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Becker David M officer: Sr Vice President-Gen. Counsel PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: BECKER DAVID M a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Tywater Ty A officer: Vice President 9000 WEST 67TH STREET MERRIAM KS 66202
Rankin David H. officer: Vice President 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
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