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CyberOptics (CyberOptics) Asset Turnover : 0.26 (As of Jun. 2022)


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What is CyberOptics Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. CyberOptics's Revenue for the three months ended in Jun. 2022 was $27.6 Mil. CyberOptics's Total Assets for the quarter that ended in Jun. 2022 was $105.4 Mil. Therefore, CyberOptics's Asset Turnover for the quarter that ended in Jun. 2022 was 0.26.

Asset Turnover is linked to ROE % through Du Pont Formula. CyberOptics's annualized ROE % for the quarter that ended in Jun. 2022 was 20.67%. It is also linked to ROA % through Du Pont Formula. CyberOptics's annualized ROA % for the quarter that ended in Jun. 2022 was 16.65%.


CyberOptics Asset Turnover Historical Data

The historical data trend for CyberOptics'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.

CyberOptics Asset Turnover Chart

CyberOptics Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.90 1.00 0.83 0.92 1.04

CyberOptics Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 0.29 0.30 0.23 0.24 0.26

Competitive Comparison of CyberOptics's Asset Turnover

For the Semiconductor Equipment & Materials subindustry, CyberOptics'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.


CyberOptics's Asset Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, CyberOptics's Asset Turnover distribution charts can be found below:

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



CyberOptics Asset Turnover Calculation

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

CyberOptics'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 )
=92.774/( (79.716+98.022)/ 2 )
=92.774/88.869
=1.04

CyberOptics's Asset Turnover for the quarter that ended in Jun. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2022 )/( (Total Assets (Q: Mar. 2022 )+Total Assets (Q: Jun. 2022 ))/ count )
=27.569/( (103.266+107.612)/ 2 )
=27.569/105.439
=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.


CyberOptics  (NAS:CYBE) Asset Turnover Explanation

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

CyberOptics's annulized ROE % for the quarter that ended in Jun. 2022 is

ROE %**(Q: Jun. 2022 )
=Net Income/Total Stockholders Equity
=17.556/84.9275
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(17.556 / 110.276)*(110.276 / 105.439)*(105.439/ 84.9275)
=Net Margin %*Asset Turnover*Equity Multiplier
=15.92 %*1.0459*1.2415
=ROA %*Equity Multiplier
=16.65 %*1.2415
=20.67 %

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

CyberOptics's annulized ROA % for the quarter that ended in Jun. 2022 is

ROA %(Q: Jun. 2022 )
=Net Income/Total Assets
=17.556/105.439
=(Net Income / Revenue)*(Revenue / Total Assets)
=(17.556 / 110.276)*(110.276 / 105.439)
=Net Margin %*Asset Turnover
=15.92 %*1.0459
=16.65 %

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


CyberOptics Asset Turnover Related Terms

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


CyberOptics (CyberOptics) Business Description

Traded in Other Exchanges
N/A
Address
5900 Golden Hills Drive, Minneapolis, MN, USA, 55416
CyberOptics Corp is a developer and manufacturer of sensing technology solutions. The company's products and services are used in the surface mount technology, semiconductor and three-dimensional scanning solutions and services markets. The majority of its products are developed and sold for use in SMT electronic circuit board assembly. The company develops, manufactures and sells non-contact sensors and systems for process control and inspection, and general-purpose metrology. The company's product offerings are sold to original equipment manufacturers and end-user customers.
Executives
Hardy Cordell director 5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Jeffrey A. Bertelsen officer: CFO and COO 5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Michael M. Selzer director 2341 JOHN MARSHALL, #273, FLAGSTAFF AZ 86005
Subodh K Kulkarni officer: President and CEO 5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Cheri B Podzimek director 7050 WINNETKA AVE. N., SUITE 100, BROOKLYN PARK MN 55428
Craig D Gates director
Vivek Mohindra director C/O CYBEROPTICS CORPORATION, 5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Alex B Cimochowski director 24424 N. 117TH STREET, SCOTTSDALE AZ 85255
Daniel Good officer: VP Corporate Development 5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Steven J Dimarco officer: VP-Mktg. & Strategic Planning 5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Kathleen P Iverson director, officer: President and CEO 5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Steven K Case director, officer: Chairman
Michael Proulx officer: Vice President-Operations 5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Erwin A Kelen director
Scott G Larson officer: Vice President-Finance & CFO 5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416

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