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Bell Industries (Bell Industries) Asset Turnover : 1.50 (As of Sep. 2010)


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What is Bell Industries Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Bell Industries's Revenue for the three months ended in Sep. 2010 was $40.2 Mil. Bell Industries's Total Assets for the quarter that ended in Sep. 2010 was $26.9 Mil. Therefore, Bell Industries's Asset Turnover for the quarter that ended in Sep. 2010 was 1.50.

Asset Turnover is linked to ROE % through Du Pont Formula. Bell Industries's annualized ROE % for the quarter that ended in Sep. 2010 was -347.47%. It is also linked to ROA % through Du Pont Formula. Bell Industries's annualized ROA % for the quarter that ended in Sep. 2010 was 26.24%.


Bell Industries Asset Turnover Historical Data

The historical data trend for Bell Industries'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.

Bell Industries Asset Turnover Chart

Bell Industries Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.74 2.75 2.28 2.28 4.04

Bell Industries Quarterly Data
Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 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 1.42 0.84 0.85 1.25 1.50

Competitive Comparison of Bell Industries's Asset Turnover

For the Information Technology Services subindustry, Bell Industries'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.


Bell Industries's Asset Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Bell Industries's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Bell Industries's Asset Turnover falls into.



Bell Industries Asset Turnover Calculation

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

Bell Industries'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 )
=100.577/( (27.26+22.553)/ 2 )
=100.577/24.9065
=4.04

Bell Industries'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 )
=40.241/( (24.647+29.106)/ 2 )
=40.241/26.8765
=1.50

* 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.


Bell Industries  (GREY:BLLI) Asset Turnover Explanation

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

Bell Industries's annulized ROE % for the quarter that ended in Sep. 2010 is

ROE %**(Q: Sep. 2010 )
=Net Income/Total Stockholders Equity
=7.052/-2.0295
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(7.052 / 160.964)*(160.964 / 26.8765)*(26.8765/ -2.0295)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.38 %*5.989*-13.2429
=ROA %*Equity Multiplier
=26.24 %*-13.2429
=-347.47 %

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:

Bell Industries's annulized ROA % for the quarter that ended in Sep. 2010 is

ROA %(Q: Sep. 2010 )
=Net Income/Total Assets
=7.052/26.8765
=(Net Income / Revenue)*(Revenue / Total Assets)
=(7.052 / 160.964)*(160.964 / 26.8765)
=Net Margin %*Asset Turnover
=4.38 %*5.989
=26.24 %

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.


Bell Industries Asset Turnover Related Terms

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Bell Industries (Bell Industries) Business Description

Traded in Other Exchanges
N/A
Address
4400 W 96th Street, Indianapolis, IN, USA, 46268
Bell Industries Inc is an information technology managed services and solutions company. It provides transformational Next Generation Digital Workplace and Infrastructure Management Solutions to large and mid-market enterprises, as well as the public sector. It also offers End User Computing, Infrastructure Management and Cloud Computing, IT Lifecycle Services and Enterprise Mobility Management.
Executives
Newcastle Partners L P other: see attached explanation 5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Mark E Schwarz director, 10 percent owner, officer: Chairman, other: see attached explanation 5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Newcastle Capital Group Llc other: see attached explanation 5420 LYNDON B. JOHNSON FREEWAY, STE 1400, DALLAS TX 75240
Newcastle Capital Management Lp other: see attached explanation 5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Clinton J Coleman director, other: see attached explanation C/O NEWCASTLE CAPITAL MANAGEMENT, L.P., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Dale Booth director

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