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A V Homes (A V Homes) Asset Turnover : 0.20 (As of Jun. 2018)


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What is A V Homes Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. A V Homes's Revenue for the three months ended in Jun. 2018 was $203.6 Mil. A V Homes's Total Assets for the quarter that ended in Jun. 2018 was $1,021.0 Mil. Therefore, A V Homes's Asset Turnover for the quarter that ended in Jun. 2018 was 0.20.

Asset Turnover is linked to ROE % through Du Pont Formula. A V Homes's annualized ROE % for the quarter that ended in Jun. 2018 was 2.79%. It is also linked to ROA % through Du Pont Formula. A V Homes's annualized ROA % for the quarter that ended in Jun. 2018 was 1.17%.


A V Homes Asset Turnover Historical Data

The historical data trend for A V Homes'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.

A V Homes Asset Turnover Chart

A V Homes Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.35 0.50 0.74 0.99 0.91

A V Homes Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
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 0.20 0.18 0.27 0.15 0.20

Competitive Comparison of A V Homes's Asset Turnover

For the Residential Construction subindustry, A V Homes'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.


A V Homes's Asset Turnover Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, A V Homes's Asset Turnover distribution charts can be found below:

* The bar in red indicates where A V Homes's Asset Turnover falls into.



A V Homes Asset Turnover Calculation

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

A V Homes's Asset Turnover for the fiscal year that ended in Dec. 2017 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2017 )/( (Total Assets (A: Dec. 2016 )+Total Assets (A: Dec. 2017 ))/ count )
=843.253/( (840.233+1010.144)/ 2 )
=843.253/925.1885
=0.91

A V Homes's Asset Turnover for the quarter that ended in Jun. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2018 )/( (Total Assets (Q: Mar. 2018 )+Total Assets (Q: Jun. 2018 ))/ count )
=203.56/( (1017.503+1024.433)/ 2 )
=203.56/1020.968
=0.20

* 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.


A V Homes  (NAS:AVHI) Asset Turnover Explanation

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

A V Homes's annulized ROE % for the quarter that ended in Jun. 2018 is

ROE %**(Q: Jun. 2018 )
=Net Income/Total Stockholders Equity
=11.996/430.3955
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(11.996 / 814.24)*(814.24 / 1020.968)*(1020.968/ 430.3955)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.47 %*0.7975*2.3722
=ROA %*Equity Multiplier
=1.17 %*2.3722
=2.79 %

Note: The Net Income data used here is four times the quarterly (Jun. 2018) net income data. The Revenue data used here is four times the quarterly (Jun. 2018) 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:

A V Homes's annulized ROA % for the quarter that ended in Jun. 2018 is

ROA %(Q: Jun. 2018 )
=Net Income/Total Assets
=11.996/1020.968
=(Net Income / Revenue)*(Revenue / Total Assets)
=(11.996 / 814.24)*(814.24 / 1020.968)
=Net Margin %*Asset Turnover
=1.47 %*0.7975
=1.17 %

Note: The Net Income data used here is four times the quarterly (Jun. 2018) net income data. The Revenue data used here is four times the quarterly (Jun. 2018) 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.


A V Homes Asset Turnover Related Terms

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


A V Homes (A V Homes) Business Description

Traded in Other Exchanges
N/A
Address
A V Homes Inc is engaged in the business of homebuilding, community development in Florida, Arizona, and Carolinas. It also engaged in the sale of land for third party development. Firm derives the majority of its revenue from the Florida. The group has built over 7,500 homes nationwide and it has been the recipient of numerous awards for planning and homebuilding accomplishments.
Executives
David Bonderman other: Former 10% Owner 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
James G Coulter other: Former 10% Owner 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Roger A Cregg director, officer: President and CEO 100 BLOOMFIELD HILL PARKWAY, STE 300, BLOOMFIELD HILLS MI 48304
Tpg Advisors Vi, Inc. other: Former 10% Owner 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Jonathan Pertchik director C/O TRAVELCENTERS OF AMERICA INC., 24601 CENTER RIDGE ROAD, WESTLAKE OH 44145
Matthew Coleman director 8601 NORTH SCOTTSDALE ROAD, SUITE 225, SCOTTSDALE AZ 85253
Reuben S Leibowitz director 466 LEXINGTON AVENUE 10TH FL, NEW YORK NY 10017
Dave Gomez officer: EVP, GC and Secretary 7970 SOUTH KYRENE RD., TEMPE AZ 85284
Paul Hackwell director 301 COMMERCE STREET, SUITE 300, FORT WORTH TX 76102
Kelvin L. Davis director 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Greg Kranias director C/O TPG CAPITAL, L.P., 301 COMMERCE ST, SUITE 3300, FORT WORTH TX 76102
Beth Stewart director C/O GENERAL GROWTH PROPERTIES INC, 110 NORTH WACKER DRIVE, CHICAGO IL 60606
Milton H Dresner director C/O HIGHLAND COMPANIES, 28777 NORTHWESTERN HIGHWAY, SOUTHFIELD MI 48034
Michael P Rama officer: Controller C/O AVATAR HOLDINGS INC, 201 ALHAMBRA CIRCLE 12TH FLOOR, CORAL GABLES FL 33134
William G Spears director 45 ROCKEFELLER PLZ STE 1709, SPEARS GRISANTI & BROWN, NEW YORK NY 10111