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Berkshire Homes (Berkshire Homes) Asset Turnover : 0.03 (As of Aug. 2015)


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What is Berkshire 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. Berkshire Homes's Revenue for the three months ended in Aug. 2015 was $0.23 Mil. Berkshire Homes's Total Assets for the quarter that ended in Aug. 2015 was $8.89 Mil. Therefore, Berkshire Homes's Asset Turnover for the quarter that ended in Aug. 2015 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. Berkshire Homes's annualized ROE % for the quarter that ended in Aug. 2015 was 36.41%. It is also linked to ROA % through Du Pont Formula. Berkshire Homes's annualized ROA % for the quarter that ended in Aug. 2015 was -6.30%.


Berkshire Homes Asset Turnover Historical Data

The historical data trend for Berkshire 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.

Berkshire Homes Asset Turnover Chart

Berkshire Homes Annual Data
Trend Nov11 Nov12 Nov13 Nov14
Asset Turnover
3.14 - - 0.97

Berkshire Homes Quarterly Data
Feb11 May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15
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 0.44 0.08 0.08 0.08 0.03

Competitive Comparison of Berkshire Homes's Asset Turnover

For the Real Estate Services subindustry, Berkshire 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.


Berkshire Homes's Asset Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Berkshire Homes's Asset Turnover distribution charts can be found below:

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



Berkshire Homes Asset Turnover Calculation

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

Berkshire Homes's Asset Turnover for the fiscal year that ended in Nov. 2014 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Nov. 2014 )/( (Total Assets (A: Nov. 2013 )+Total Assets (A: Nov. 2014 ))/ count )
=5.351/( (2.076+8.922)/ 2 )
=5.351/5.499
=0.97

Berkshire Homes's Asset Turnover for the quarter that ended in Aug. 2015 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Aug. 2015 )/( (Total Assets (Q: May. 2015 )+Total Assets (Q: Aug. 2015 ))/ count )
=0.23/( (8.815+8.966)/ 2 )
=0.23/8.8905
=0.03

* 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.


Berkshire Homes  (OTCPK:BKSH) Asset Turnover Explanation

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

Berkshire Homes's annulized ROE % for the quarter that ended in Aug. 2015 is

ROE %**(Q: Aug. 2015 )
=Net Income/Total Stockholders Equity
=-0.56/-1.538
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.56 / 0.92)*(0.92 / 8.8905)*(8.8905/ -1.538)
=Net Margin %*Asset Turnover*Equity Multiplier
=-60.87 %*0.1035*-5.7806
=ROA %*Equity Multiplier
=-6.30 %*-5.7806
=36.41 %

Note: The Net Income data used here is four times the quarterly (Aug. 2015) net income data. The Revenue data used here is four times the quarterly (Aug. 2015) 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:

Berkshire Homes's annulized ROA % for the quarter that ended in Aug. 2015 is

ROA %(Q: Aug. 2015 )
=Net Income/Total Assets
=-0.56/8.8905
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.56 / 0.92)*(0.92 / 8.8905)
=Net Margin %*Asset Turnover
=-60.87 %*0.1035
=-6.30 %

Note: The Net Income data used here is four times the quarterly (Aug. 2015) net income data. The Revenue data used here is four times the quarterly (Aug. 2015) 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.


Berkshire Homes Asset Turnover Related Terms

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Berkshire Homes (Berkshire Homes) Business Description

Traded in Other Exchanges
N/A
Address
2375 East Camelback Road, Suite 600, Phoenix, AZ, USA, 85016
Berkshire Homes Inc is a United States based company engaged in acquiring and rehabilitating distressed residential real estate properties that are below market value, rehabilitates them, and then sell or lease them, depending on which approach will generate the highest return.

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