ASFX (American Scientific Resources) Asset Turnover: 0.35 (As of Sep. 2011)


What is American Scientific Resources Asset Turnover?

American Scientific Resources ASFX -96.67% Asset Turnover is 0.35 as of Sep. 2011.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. American Scientific Resources's Revenue for the three months ended in Sep. 2011 was $0.44 Mil. American Scientific Resources's Total Assets for the quarter that ended in Sep. 2011 was $1.26 Mil. Therefore, American Scientific Resources's Asset Turnover for the quarter that ended in Sep. 2011 was 0.35.

Asset Turnover is linked to ROE % through Du Pont Formula. American Scientific Resources's annualized ROE % for the quarter that ended in Sep. 2011 was 39.48%. It is also linked to ROA % through Du Pont Formula. American Scientific Resources's annualized ROA % for the quarter that ended in Sep. 2011 was -249.01%.

American Scientific Resources  (OTCPK:ASFX) Asset Turnover Explanation

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

American Scientific Resources's annulized ROE % for the quarter that ended in Sep. 2011 is

ROE %**(Q: Sep. 2011 )
=Net Income/Total Stockholders Equity
=-3.14/-7.954
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3.14 / 1.76)*(1.76 / 1.261)*(1.261/ -7.954)
=Net Margin %*Asset Turnover*Equity Multiplier
=-178.41 %*1.3957*-0.1585
=ROA %*Equity Multiplier
=-249.01 %*-0.1585
=39.48 %

Note: The Net Income data used here is four times the quarterly (Sep. 2011) net income data. The Revenue data used here is four times the quarterly (Sep. 2011) 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 Scientific Resources's annulized ROA % for the quarter that ended in Sep. 2011 is

ROA %(Q: Sep. 2011 )
=Net Income/Total Assets
=-3.14/1.261
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-3.14 / 1.76)*(1.76 / 1.261)
=Net Margin %*Asset Turnover
=-178.41 %*1.3957
=-249.01 %

Note: The Net Income data used here is four times the quarterly (Sep. 2011) net income data. The Revenue data used here is four times the quarterly (Sep. 2011) 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 Scientific Resources Asset Turnover Related Terms

American Scientific Resources Asset Turnover Historical Data

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The historical data trend for American Scientific Resources'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 Scientific Resources Asset Turnover Chart

American Scientific Resources Annual Data
Trend
Asset Turnover

American Scientific Resources Quarterly Data
Sep10 Sep11
Asset Turnover 0.00 0.35

ASFX vs GNID, QTXB, ASNB: Asset Turnover Comparison

For the Medical Instruments & Supplies subindustry, American Scientific Resources'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 Scientific Resources Asset Turnover vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, American Scientific Resources's Asset Turnover distribution charts can be found below:

* The bar in red indicates where American Scientific Resources's Asset Turnover falls into.


American Scientific Resources Asset Turnover Calculation

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

American Scientific Resources's Asset Turnover for the fiscal year that ended in . 20 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: . 20 )/( (Total Assets (A: . 20 )+Total Assets (A: . 20 ))/ count )
=/( (+)/ )
=/
=

American Scientific Resources's Asset Turnover for the quarter that ended in Sep. 2011 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2011 )/( (Total Assets (Q: Sep. 2010 )+Total Assets (Q: Sep. 2011 ))/ count )
=0.44/( (0+1.261)/ 1 )
=0.44/1.261
=0.35

* 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 0.35 mean?
American Scientific Resources (ASFX) has a Asset Turnover of 0.35 as of Sep. 2011. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on American Scientific Resources and its competitors.
Is American Scientific Resources' Asset Turnover too high?
American Scientific Resources' current Asset Turnover is 0.35.
How does American Scientific Resources' Asset Turnover compare to GNID and QTXB?
American Scientific Resources' Asset Turnover of 0.35 can be compared against companies in the Medical Devices & Instruments 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 a Medical Devices & Instruments company?
A good Asset Turnover depends on the Medical Devices & Instruments 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 Scientific Resources and its competitors. American Scientific Resources's current Asset Turnover is 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Scientific Resources stock overvalued right now?
American Scientific Resources (ASFX) has a current Asset Turnover of 0.35. The current Asset Turnover is 0.35. 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 Scientific Resources (ASFX), the current Asset Turnover is 0.35 as of Sep. 2011. 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 Scientific Resources Business Description