GURUFOCUS.COM » STOCK LIST » USA » NYSE » Cornerstone Building Brands Inc (NYSE:CNR) » Definitions » Asset Turnover
Switch to:

Cornerstone Building Brands (NYSE:CNR) Asset Turnover

: 0.26 (As of Mar. 2022)
View and export this data going back to 1992. Start your Free Trial

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Cornerstone Building Brands's Revenue for the three months ended in Mar. 2022 was $1,567 Mil. Cornerstone Building Brands's Total Assets for the quarter that ended in Mar. 2022 was $5,930 Mil. Therefore, Cornerstone Building Brands's Asset Turnover for the quarter that ended in Mar. 2022 was 0.26.

Asset Turnover is linked to ROE % through Du Pont Formula. Cornerstone Building Brands's annualized ROE % for the quarter that ended in Mar. 2022 was 32.27%. It is also linked to ROA % through Du Pont Formula. Cornerstone Building Brands's annualized ROA % for the quarter that ended in Mar. 2022 was 6.90%.


Cornerstone Building Brands Asset Turnover Historical Data

The historical data trend for Cornerstone Building Brands'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.

Cornerstone Building Brands Annual Data
Trend Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Dec19 Dec20 Dec21
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.70 1.87 1.47 0.84 0.99

Cornerstone Building Brands Quarterly Data
Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Asset Turnover 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 Premium Member Only Premium Member Only Premium Member Only 0.23 0.26 0.26 0.26 0.26

Competitive Comparison

For the Building Products & Equipment subindustry, Cornerstone Building Brands'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.

   

Cornerstone Building Brands Asset Turnover Distribution

For the Construction industry and Industrials sector, Cornerstone Building Brands's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Cornerstone Building Brands's Asset Turnover falls in comparison to its industry or sector. The grey bar indicates the Asset Turnover's extreme value range as defined by GuruFocus.



Cornerstone Building Brands Asset Turnover Calculation

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

Cornerstone Building Brands's Asset Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2021 )/( (Total Assets (A: Dec. 2020 )+Total Assets (A: Dec. 2021 ))/ count )
=5583.137/( (5478.49+5827.46)/ 2 )
=5583.137/5652.975
=0.99

Cornerstone Building Brands's Asset Turnover for the quarter that ended in Mar. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2022 )/( (Total Assets (Q: Dec. 2021 )+Total Assets (Q: Mar. 2022 ))/ count )
=1566.838/( (5827.46+6031.656)/ 2 )
=1566.838/5929.558
=0.26

* 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.


Cornerstone Building Brands  (NYSE:CNR) Asset Turnover Explanation

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

Cornerstone Building Brands's annulized ROE % for the quarter that ended in Mar. 2022 is

ROE %**(Q: Mar. 2022 )
=Net Income/Total Stockholders Equity
=409.132/1267.731
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(409.132 / 6267.352)*(6267.352 / 5929.558)*(5929.558/ 1267.731)
=Net Margin %*Asset Turnover*Equity Multiplier
=6.53 %*1.057*4.6773
=ROA %*Equity Multiplier
=6.90 %*4.6773
=32.27 %

Note: The Net Income data used here is four times the quarterly (Mar. 2022) net income data. The Revenue data used here is four times the quarterly (Mar. 2022) 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:

Cornerstone Building Brands's annulized ROA % for the quarter that ended in Mar. 2022 is

ROA %(Q: Mar. 2022 )
=Net Income/Total Assets
=409.132/5929.558
=(Net Income / Revenue)*(Revenue / Total Assets)
=(409.132 / 6267.352)*(6267.352 / 5929.558)
=Net Margin %*Asset Turnover
=6.53 %*1.057
=6.90 %

Note: The Net Income data used here is four times the quarterly (Mar. 2022) net income data. The Revenue data used here is four times the quarterly (Mar. 2022) 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.


Cornerstone Building Brands Asset Turnover Related Terms

Thank you for viewing the detailed overview of Cornerstone Building Brands's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Cornerstone Building Brands (NYSE:CNR) Business Description

Cornerstone Building Brands logo
Traded in Other Exchanges
N/A
Address
5020 Weston Parkway, Suite 400, Cary, NC, USA, 27513
Cornerstone Building Brands Inc constructs and sells building materials for the commercial, residential, and repair industries in North America. The company operates in three segments: commercial, which provides metal products and coil coating services for commercial construction; siding, which offers vinyl and steel siding, aluminum coil and gutters, roofing accessories, moldings, window and door trim, rain removal systems, vents, fences, and railings; and windows, which includes vinyl, aluminum, and wooden windows as well as steel, wood, and fiberglass doors. All three segments contribute sizably to total revenue.
Executives
Rose Lee director, officer: PRESIDENT & CEO C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Judith A Reinsdorf director C. R. BARD, INC., 730 CENTRAL AVENUE, MURRAY HILL NJ 07974
Alena Brenner officer: EVP, GC and Corp. Sec. 5020 WESTON PARKWAY, SUITE 400 CARY NC 27513
Jeffrey S. Lee officer: EVP, CFO 5020 WESTON PARKWAY, SUITE 400 CARY NC 27513
Katy Theroux officer: Executive VP, Chief HR Officer 10943 N. SAM HOUSTON PARKWAY W. HOUSTON TX 77056
Daniel C. Janki director 5020 WESTON PARKWAY, SUITE 400, CARY NC 27513
Timothy J. Obrien director C/O NCI BUILDING SYSTEMS, INC. 10943 NORTH SAM HOUSTON PARKWAY WEST HOUSTON TX 77064
George L. Ball director 10943 N. SAM HOUSTON PARKWAY W., HOUSTON TX 77064
William E Jackson director ONE NEENAH CENTER, 4TH FLOOR P.O. BOX 669 NEENAH WI 54957
Kathleen J Affeldt director
John J Holland director 26602 W. GREENTREE, OLATHE KS 66061
James Keppler officer: EVP, OPERATIONS 5020 WESTON PARKWAY SUITE 400 CARY NC 27513
James Wilbert W Jr director 16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Wayne Irmiter officer: SVP, CAO 5020 WESTON PARKWAY CAY NC 27513
Atrium Window Holdings, Llc 10 percent owner C/O GOLDEN GATE PRIVATE EQUITY, INC. 1 EMBARCADERO CENTER SAN FRANCISCO CA 94111

Cornerstone Building Brands (NYSE:CNR) Headlines

From GuruFocus