GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Canal Capital Corp (OTCPK:COWP) » Definitions » Asset Turnover

Canal Capital (Canal Capital) Asset Turnover : 0.30 (As of Jul. 2012)


View and export this data going back to . Start your Free Trial

What is Canal Capital Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Canal Capital's Revenue for the three months ended in Jul. 2012 was $0.88 Mil. Canal Capital's Total Assets for the quarter that ended in Jul. 2012 was $2.92 Mil. Therefore, Canal Capital's Asset Turnover for the quarter that ended in Jul. 2012 was 0.30.

Asset Turnover is linked to ROE % through Du Pont Formula. Canal Capital's annualized ROE % for the quarter that ended in Jul. 2012 was 164.76%. It is also linked to ROA % through Du Pont Formula. Canal Capital's annualized ROA % for the quarter that ended in Jul. 2012 was 64.53%.


Canal Capital Asset Turnover Historical Data

The historical data trend for Canal Capital'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.

Canal Capital Asset Turnover Chart

Canal Capital Annual Data
Trend Oct02 Oct03 Oct04 Oct05 Oct06 Oct07 Oct08 Oct09 Oct10 Oct11
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.71 1.10 1.40 1.24 0.59

Canal Capital Quarterly Data
Oct07 Jan08 Apr08 Jul08 Oct08 Jan09 Apr09 Jul09 Oct09 Jan10 Apr10 Jul10 Oct10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12
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 0.03 0.65 0.02 0.30 0.30

Competitive Comparison of Canal Capital's Asset Turnover

For the Real Estate - Development subindustry, Canal Capital'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.


Canal Capital's Asset Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Canal Capital's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Canal Capital's Asset Turnover falls into.



Canal Capital Asset Turnover Calculation

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

Canal Capital's Asset Turnover for the fiscal year that ended in Oct. 2011 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Oct. 2011 )/( (Total Assets (A: Oct. 2010 )+Total Assets (A: Oct. 2011 ))/ count )
=2.036/( (3.731+3.169)/ 2 )
=2.036/3.45
=0.59

Canal Capital's Asset Turnover for the quarter that ended in Jul. 2012 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jul. 2012 )/( (Total Assets (Q: Apr. 2012 )+Total Assets (Q: Jul. 2012 ))/ count )
=0.884/( (3.009+2.83)/ 2 )
=0.884/2.9195
=0.30

* 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.


Canal Capital  (OTCPK:COWP) Asset Turnover Explanation

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

Canal Capital's annulized ROE % for the quarter that ended in Jul. 2012 is

ROE %**(Q: Jul. 2012 )
=Net Income/Total Stockholders Equity
=1.884/1.1435
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1.884 / 3.536)*(3.536 / 2.9195)*(2.9195/ 1.1435)
=Net Margin %*Asset Turnover*Equity Multiplier
=53.28 %*1.2112*2.5531
=ROA %*Equity Multiplier
=64.53 %*2.5531
=164.76 %

Note: The Net Income data used here is four times the quarterly (Jul. 2012) net income data. The Revenue data used here is four times the quarterly (Jul. 2012) 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:

Canal Capital's annulized ROA % for the quarter that ended in Jul. 2012 is

ROA %(Q: Jul. 2012 )
=Net Income/Total Assets
=1.884/2.9195
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1.884 / 3.536)*(3.536 / 2.9195)
=Net Margin %*Asset Turnover
=53.28 %*1.2112
=64.53 %

Note: The Net Income data used here is four times the quarterly (Jul. 2012) net income data. The Revenue data used here is four times the quarterly (Jul. 2012) 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.


Canal Capital Asset Turnover Related Terms

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


Canal Capital (Canal Capital) Business Description

Traded in Other Exchanges
N/A
Address
4 Morris Street, Port Jefferson Station, New York, NY, USA, 11776
Website
Canal Capital Corp is engaged in stockyard operations and real estate business. It develops and restructures real estate lots surrounding its existing operating lease properties, stockyard operating properties & properties held for development or resale.
Executives
Asher B Edelman other: Member of 10% Group C/O PERINI CORP, 73 MT WAYTE AVE, FRAMINGHAM MA 01701

Canal Capital (Canal Capital) Headlines

No Headlines