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Net Servicos De Comunicacao (BSP:NETC4.PFD) Asset Turnover : 0.86 (As of Dec. 2013)


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What is Net Servicos De Comunicacao Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Net Servicos De Comunicacao's Revenue for the six months ended in Dec. 2013 was R$9,708.76 Mil. Net Servicos De Comunicacao's Total Assets for the quarter that ended in Dec. 2013 was R$11,292.84 Mil. Therefore, Net Servicos De Comunicacao's Asset Turnover for the quarter that ended in Dec. 2013 was 0.86.

Asset Turnover is linked to ROE % through Du Pont Formula. Net Servicos De Comunicacao's annualized ROE % for the quarter that ended in Dec. 2013 was 6.85%. It is also linked to ROA % through Du Pont Formula. Net Servicos De Comunicacao's annualized ROA % for the quarter that ended in Dec. 2013 was 3.13%.


Net Servicos De Comunicacao Asset Turnover Historical Data

The historical data trend for Net Servicos De Comunicacao'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.

Net Servicos De Comunicacao Asset Turnover Chart

Net Servicos De Comunicacao Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.64 0.77 0.85 0.86

Net Servicos De Comunicacao Semi-Annual Data
Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
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 0.62 0.64 0.77 0.85 0.86

Competitive Comparison of Net Servicos De Comunicacao's Asset Turnover

For the Broadcasting subindustry, Net Servicos De Comunicacao'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.


Net Servicos De Comunicacao's Asset Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Net Servicos De Comunicacao's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Net Servicos De Comunicacao's Asset Turnover falls into.



Net Servicos De Comunicacao Asset Turnover Calculation

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

Net Servicos De Comunicacao's Asset Turnover for the fiscal year that ended in Dec. 2013 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2013 )/( (Total Assets (A: Dec. 2012 )+Total Assets (A: Dec. 2013 ))/ count )
=9708.757/( (9759.18+12826.492)/ 2 )
=9708.757/11292.836
=0.86

Net Servicos De Comunicacao's Asset Turnover for the quarter that ended in Dec. 2013 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2013 )/( (Total Assets (Q: Dec. 2012 )+Total Assets (Q: Dec. 2013 ))/ count )
=9708.757/( (9759.18+12826.492)/ 2 )
=9708.757/11292.836
=0.86

* 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.


Net Servicos De Comunicacao  (BSP:NETC4.PFD) Asset Turnover Explanation

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

Net Servicos De Comunicacao's annulized ROE % for the quarter that ended in Dec. 2013 is

ROE %**(Q: Dec. 2013 )
=Net Income/Total Stockholders Equity
=353.136/5157.3365
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(353.136 / 19417.514)*(19417.514 / 11292.836)*(11292.836/ 5157.3365)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.82 %*1.7195*2.1897
=ROA %*Equity Multiplier
=3.13 %*2.1897
=6.85 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2013) net income data. The Revenue data used here is two times the semi-annual (Dec. 2013) 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:

Net Servicos De Comunicacao's annulized ROA % for the quarter that ended in Dec. 2013 is

ROA %(Q: Dec. 2013 )
=Net Income/Total Assets
=353.136/11292.836
=(Net Income / Revenue)*(Revenue / Total Assets)
=(353.136 / 19417.514)*(19417.514 / 11292.836)
=Net Margin %*Asset Turnover
=1.82 %*1.7195
=3.13 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2013) net income data. The Revenue data used here is two times the semi-annual (Dec. 2013) 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.


Net Servicos De Comunicacao Asset Turnover Related Terms

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Net Servicos De Comunicacao (BSP:NETC4.PFD) Business Description

Traded in Other Exchanges
N/A
Address
Net Servicos de Comunicacao SA through its holdings provides pay-television and pay-per-view programming, digital cable, high-definition cable television with digital video recorder, broadband Internet service & fixed line telephony service.

Net Servicos De Comunicacao (BSP:NETC4.PFD) Headlines

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