AOREF (American Overseas Group) Asset Turnover: 0.01 (As of Jun. 2009)


What is American Overseas Group Asset Turnover?

American Overseas Group AOREF Asset Turnover is 0.01 as of Jun. 2009.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. American Overseas Group's Revenue for the three months ended in Jun. 2009 was $8.22 Mil. American Overseas Group's Total Assets for the quarter that ended in Jun. 2009 was $584.34 Mil. Therefore, American Overseas Group's Asset Turnover for the quarter that ended in Jun. 2009 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. American Overseas Group's annualized ROE % for the quarter that ended in Jun. 2009 was -51.00%. It is also linked to ROA % through Du Pont Formula. American Overseas Group's annualized ROA % for the quarter that ended in Jun. 2009 was -3.13%.

American Overseas Group  (OTCPK:AOREF) Asset Turnover Explanation

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

American Overseas Group's annulized ROE % for the quarter that ended in Jun. 2009 is

ROE %**(Q: Jun. 2009 )
=Net Income/Total Stockholders Equity
=-18.272/35.825
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-18.272 / 32.88)*(32.88 / 584.34)*(584.34/ 35.825)
=Net Margin %*Asset Turnover*Equity Multiplier
=-55.57 %*0.0563*16.311
=ROA %*Equity Multiplier
=-3.13 %*16.311
=-51.00 %

Note: The Net Income data used here is four times the quarterly (Jun. 2009) net income data. The Revenue data used here is four times the quarterly (Jun. 2009) 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 Overseas Group's annulized ROA % for the quarter that ended in Jun. 2009 is

ROA %(Q: Jun. 2009 )
=Net Income/Total Assets
=-18.272/584.34
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-18.272 / 32.88)*(32.88 / 584.34)
=Net Margin %*Asset Turnover
=-55.57 %*0.0563
=-3.13 %

Note: The Net Income data used here is four times the quarterly (Jun. 2009) net income data. The Revenue data used here is four times the quarterly (Jun. 2009) 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 Overseas Group Asset Turnover Related Terms

American Overseas Group Asset Turnover Historical Data

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The historical data trend for American Overseas Group'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.

American Overseas Group Asset Turnover Chart

American Overseas Group Annual Data
Trend Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08
Asset Turnover
Get a 7-Day Free Trial 0.12 0.11 0.11 -0.07 0.16

American Overseas Group Quarterly Data
Dec03 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09
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 0.21 0.03 0.07 0.04 0.01

AOREF vs OXBR, BCRH, MHLD: Asset Turnover Comparison

For the Insurance - Reinsurance subindustry, American Overseas Group'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 Overseas Group Asset Turnover vs Insurance Industry

For the Insurance industry and Financial Services sector, American Overseas Group's Asset Turnover distribution charts can be found below:

* The bar in red indicates where American Overseas Group's Asset Turnover falls into.


American Overseas Group Asset Turnover Calculation

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

American Overseas Group's Asset Turnover for the fiscal year that ended in Dec. 2008 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2008 )/( (Total Assets (A: Dec. 2007 )+Total Assets (A: Dec. 2008 ))/ count )
=111.25/( (860.265+574.282)/ 2 )
=111.25/717.2735
=0.16

American Overseas Group's Asset Turnover for the quarter that ended in Jun. 2009 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2009 )/( (Total Assets (Q: Mar. 2009 )+Total Assets (Q: Jun. 2009 ))/ count )
=8.22/( (700.944+467.736)/ 2 )
=8.22/584.34
=0.01

* 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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.01 mean?
American Overseas Group (AOREF) has a Asset Turnover of 0.01 as of Jun. 2009. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on American Overseas Group and its competitors.
Is American Overseas Group's Asset Turnover too high?
American Overseas Group's current Asset Turnover is 0.01.
How does American Overseas Group's Asset Turnover compare to OXBR and BCRH?
American Overseas Group's Asset Turnover of 0.01 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for an Insurance company?
A good Asset Turnover depends on the Insurance industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on American Overseas Group and its competitors. American Overseas Group's current Asset Turnover is 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Overseas Group stock overvalued right now?
American Overseas Group (AOREF) has a current Asset Turnover of 0.01. The current Asset Turnover is 0.01. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For American Overseas Group (AOREF), the current Asset Turnover is 0.01 as of Jun. 2009. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

American Overseas Group Business Description

Address Cumberland House 6th Floor 1 Victoria Street, Hamilton, BMU, HM 11
American Overseas Group Ltd is a provider of insurance services. Its business consists of U.S.-based property and casualty insurance companies that provide non-standard auto insurance through specialty managing general agents; A Barbados domiciled affiliate reinsurance company that assumes and reinsures a small portion of the U.S. sourced nonstandard auto business; and U.S based management services company. The company is organized into two operating segments: property/casualty insurance/reinsurance and corporate/other.