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Bally Total Fitness Holding (Bally Total Fitness Holding) Asset Turnover : 0.56 (As of Jun. 2007)


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What is Bally Total Fitness Holding Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Bally Total Fitness Holding's Revenue for the three months ended in Jun. 2007 was $235.46 Mil. Bally Total Fitness Holding's Total Assets for the quarter that ended in Jun. 2007 was $421.62 Mil. Therefore, Bally Total Fitness Holding's Asset Turnover for the quarter that ended in Jun. 2007 was 0.56.

Asset Turnover is linked to ROE % through Du Pont Formula. Bally Total Fitness Holding's annualized ROE % for the quarter that ended in Jun. 2007 was -2.21%. It is also linked to ROA % through Du Pont Formula. Bally Total Fitness Holding's annualized ROA % for the quarter that ended in Jun. 2007 was 7.36%.


Bally Total Fitness Holding Asset Turnover Historical Data

The historical data trend for Bally Total Fitness Holding'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.

Bally Total Fitness Holding Asset Turnover Chart

Bally Total Fitness Holding Annual Data
Trend Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.34 1.54 1.85 2.01 2.38

Bally Total Fitness Holding Quarterly Data
Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07
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 0.56 0.58 0.73 0.56 0.56

Competitive Comparison of Bally Total Fitness Holding's Asset Turnover

For the Leisure subindustry, Bally Total Fitness Holding'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.


Bally Total Fitness Holding's Asset Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Bally Total Fitness Holding's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Bally Total Fitness Holding's Asset Turnover falls into.



Bally Total Fitness Holding Asset Turnover Calculation

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

Bally Total Fitness Holding's Asset Turnover for the fiscal year that ended in Dec. 2006 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2006 )/( (Total Assets (A: Dec. 2005 )+Total Assets (A: Dec. 2006 ))/ count )
=1059.051/( (495.099+396.771)/ 2 )
=1059.051/445.935
=2.37

Bally Total Fitness Holding's Asset Turnover for the quarter that ended in Jun. 2007 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2007 )/( (Total Assets (Q: Mar. 2007 )+Total Assets (Q: Jun. 2007 ))/ count )
=235.46/( (431.866+411.379)/ 2 )
=235.46/421.6225
=0.56

* 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.


Bally Total Fitness Holding  (GREY:BLLYW) Asset Turnover Explanation

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

Bally Total Fitness Holding's annulized ROE % for the quarter that ended in Jun. 2007 is

ROE %**(Q: Jun. 2007 )
=Net Income/Total Stockholders Equity
=31.032/-1406.1525
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(31.032 / 941.84)*(941.84 / 421.6225)*(421.6225/ -1406.1525)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.29 %*2.2338*-0.2998
=ROA %*Equity Multiplier
=7.36 %*-0.2998
=-2.21 %

Note: The Net Income data used here is four times the quarterly (Jun. 2007) net income data. The Revenue data used here is four times the quarterly (Jun. 2007) 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:

Bally Total Fitness Holding's annulized ROA % for the quarter that ended in Jun. 2007 is

ROA %(Q: Jun. 2007 )
=Net Income/Total Assets
=31.032/421.6225
=(Net Income / Revenue)*(Revenue / Total Assets)
=(31.032 / 941.84)*(941.84 / 421.6225)
=Net Margin %*Asset Turnover
=3.29 %*2.2338
=7.36 %

Note: The Net Income data used here is four times the quarterly (Jun. 2007) net income data. The Revenue data used here is four times the quarterly (Jun. 2007) 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.


Bally Total Fitness Holding Asset Turnover Related Terms

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Bally Total Fitness Holding (Bally Total Fitness Holding) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
8700 West Bryn Mawr Avenue, Chicago, IL, USA, 60631
Bally Total Fitness Holding is the largest commercial operator of fitness centers in the United States in terms of revenue, number of members, and square footage of facilities. The company operates more than 400 fitness centers with approximately 4 million members. Its fitness centers are generally 30,000 square feet in size and include such amenities as a workout area, sauna and steam facilities, a lap pool, free-weight rooms, aerobic-exercise rooms, an indoor jogging track, and racquetball courts.

Bally Total Fitness Holding (Bally Total Fitness Holding) Headlines

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