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American Metal & Technology (American Metal & Technology) Asset Turnover : 0.16 (As of Sep. 2010)


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What is American Metal & Technology Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. American Metal & Technology's Revenue for the three months ended in Sep. 2010 was $2.99 Mil. American Metal & Technology's Total Assets for the quarter that ended in Sep. 2010 was $19.33 Mil. Therefore, American Metal & Technology's Asset Turnover for the quarter that ended in Sep. 2010 was 0.16.

Asset Turnover is linked to ROE % through Du Pont Formula. American Metal & Technology's annualized ROE % for the quarter that ended in Sep. 2010 was 10.67%. It is also linked to ROA % through Du Pont Formula. American Metal & Technology's annualized ROA % for the quarter that ended in Sep. 2010 was 9.58%.


American Metal & Technology Asset Turnover Historical Data

The historical data trend for American Metal & Technology'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.

American Metal & Technology Asset Turnover Chart

American Metal & Technology Annual Data
Trend Jul00 Jul01 Jul02 Jul03 Jul04 Jul05 Jul06 Dec07 Dec08 Dec09
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 2,648.67 1.61 1.13 0.25

American Metal & Technology Quarterly Data
Oct05 Jan06 Apr06 Jul06 Oct06 Jan07 Apr07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10
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 0.05 0.07 0.08 0.12 0.16

Competitive Comparison of American Metal & Technology's Asset Turnover

For the Metal Fabrication subindustry, American Metal & Technology'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.


American Metal & Technology's Asset Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, American Metal & Technology's Asset Turnover distribution charts can be found below:

* The bar in red indicates where American Metal & Technology's Asset Turnover falls into.



American Metal & Technology Asset Turnover Calculation

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

American Metal & Technology's Asset Turnover for the fiscal year that ended in Dec. 2009 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2009 )/( (Total Assets (A: Dec. 2008 )+Total Assets (A: Dec. 2009 ))/ count )
=4.717/( (19.709+18.362)/ 2 )
=4.717/19.0355
=0.25

American Metal & Technology's Asset Turnover for the quarter that ended in Sep. 2010 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2010 )/( (Total Assets (Q: Jun. 2010 )+Total Assets (Q: Sep. 2010 ))/ count )
=2.99/( (18.712+19.955)/ 2 )
=2.99/19.3335
=0.15

* 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.


American Metal & Technology  (OTCPK:AMGY) Asset Turnover Explanation

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

American Metal & Technology's annulized ROE % for the quarter that ended in Sep. 2010 is

ROE %**(Q: Sep. 2010 )
=Net Income/Total Stockholders Equity
=1.852/17.3525
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1.852 / 11.96)*(11.96 / 19.3335)*(19.3335/ 17.3525)
=Net Margin %*Asset Turnover*Equity Multiplier
=15.48 %*0.6186*1.1142
=ROA %*Equity Multiplier
=9.58 %*1.1142
=10.67 %

Note: The Net Income data used here is four times the quarterly (Sep. 2010) net income data. The Revenue data used here is four times the quarterly (Sep. 2010) 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:

American Metal & Technology's annulized ROA % for the quarter that ended in Sep. 2010 is

ROA %(Q: Sep. 2010 )
=Net Income/Total Assets
=1.852/19.3335
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1.852 / 11.96)*(11.96 / 19.3335)
=Net Margin %*Asset Turnover
=15.48 %*0.6186
=9.58 %

Note: The Net Income data used here is four times the quarterly (Sep. 2010) net income data. The Revenue data used here is four times the quarterly (Sep. 2010) 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.


American Metal & Technology Asset Turnover Related Terms

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American Metal & Technology (American Metal & Technology) Business Description

Traded in Other Exchanges
N/A
Address
No. 11 Shi Xing Street, Badachu Hi-Tech Zone, Shijingshan District, Beijing, CHN, 100041
American Metal & Technology Inc through its subsidiaries is engaged in precision casting, machining, mold design and manufacturing in the People's Republic of China. It manufacture investment casting and machined products, including valves, pipe fittings, dispensers, machinery spare parts, water treatment parts, automotive and airplane accessories, electronic circuit boards for home appliances and motion controllers, and other equipment parts.

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