Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Carmike Cinemas's Revenue for the
three
months ended in Sep. 2016 was $209.7 Mil. Carmike Cinemas's Total Assets for the quarter that ended in Sep. 2016 was $909.0 Mil. Therefore, Carmike Cinemas's Asset Turnover for the quarter that ended in Sep. 2016 was 0.23.
Asset Turnover is linked to ROE % through Du Pont Formula. Carmike Cinemas's annualizedROE % for the quarter that ended in Sep. 2016 was -1.96%. It is also linked to ROA % through Du Pont Formula. Carmike Cinemas's annualizedROA % for the quarter that ended in Sep. 2016 was -0.62%.
Carmike Cinemas Asset Turnover Historical Data
The historical data trend for Carmike Cinemas'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.
Competitive Comparison of Carmike Cinemas's Asset Turnover
For the Broadcasting subindustry, Carmike Cinemas'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.
Carmike Cinemas's Asset Turnover Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Carmike Cinemas's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Carmike Cinemas's Asset Turnover falls into.
Carmike Cinemas Asset Turnover Calculation
Asset Turnover measures how quickly a company turns over its asset through sales.
Carmike Cinemas's Asset Turnover for the fiscal year that ended in Dec. 2015 is calculated as
* 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.
Note:
The Net Income data used here is four times the quarterly (Sep. 2016) net income data. The Revenue data used here is four times the quarterly (Sep. 2016) 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:
Carmike Cinemas's annulizedROA % for the quarter that ended in Sep. 2016 is
Note:
The Net Income data used here is four times the quarterly (Sep. 2016) net income data. The Revenue data used here is four times the quarterly (Sep. 2016) 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.
Carmike Cinemas Asset Turnover Related Terms
Thank you for viewing the detailed overview of Carmike Cinemas's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Carmike Cinemas (Carmike Cinemas) Business Description
Carmike Cinemas Inc was organized in the state of Delaware in April 1982. The Company is a motion picture exhibitor in the United States and as of December 31, 2013, it owned, operated or had an interest in 252 theatres with 2,660 screens located in 37 states. The Company target small to mid-size non-urban markets with the belief that they provide a number of operating benefits, including lower operating costs and fewer alternative forms of entertainment. Its theatres are equipped to provide digital cinema and as of December 31, 2013, it had 240 theatres with 2,552 screens on a digital-based platform. In addition, Company had 233 theatres with 983 screens equipped for 3-D as of December 31, 2013. At December 31, 2013, it operated 15 theatres with 107 screens as discount theatres. The Company obtains licenses to exhibit films by directly negotiating with film distributors. It license films through its booking office located in Columbus, Georgia. The Company typically enters into film licenses that provide for rental fees based on firm terms which are negotiated and established prior to the opening of the picture; mutually agreed settlement upon the conclusion of the film run; or a sliding scale formula which is based on a percentage of the box office receipts using a pre-determined and agreed-upon film rental scale. The Company utilizes a point-of-sale system in its theatres developed by Allure Global Solutions, Inc., its point-of-sale system allows to centralize theatre-level administrative functions at its corporate headquarters. It allows corporate management to monitor ticket and concession sales and box office and concession staffing on a daily basis, enabling theatre managers to focus on the day-to-day operation of the theatre. The point-of-sale systems also facilitate services such as advanced ticket sales and Internet ticket sales. The Company owns or has rights to trademarks or trade-names that are used in conjunction with the operations of its theatres. It owns Carmike Cinemas and Hollywood Connection, the Carmike C and its film strip design, Big D, Carmike Rewards, Ovation Club, Muvico, MuviXL, and Wynnsong Cinemas trademarks. In addition, its logo is its trademark. Coca-Cola, Rave Reviews Cinemas, L.L.C., Cinemark USA, Inc., Christie, RealD, Screenvision, Showtime Concession Supply, Inc., Continental Concession Supplies, Inc., Allure Global Solutions, Inc. Bogarts and IMAX are registered trademarks. The Company competes with other motion picture exhibitors and a number of other film delivery methods, including DVDs, video-on-demand, pay-per view services and downloads via the Internet. It also competes for the publics leisure time and disposable income with all forms of entertainment, including sporting events, concerts, live theatre and restaurants. The Companys theatre operations are also subject to federal, state and local laws governing such matters as construction, renovation and operation of its theatres as well
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