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DMFG (Decker Manufacturing) Asset Turnover : 0.10 (As of Sep. 2024)


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What is Decker Manufacturing Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Decker Manufacturing's Revenue for the three months ended in Sep. 2024 was $3.78 Mil. Decker Manufacturing's Total Assets for the quarter that ended in Sep. 2024 was $37.52 Mil. Therefore, Decker Manufacturing's Asset Turnover for the quarter that ended in Sep. 2024 was 0.10.

Asset Turnover is linked to ROE % through Du Pont Formula. Decker Manufacturing's annualized ROE % for the quarter that ended in Sep. 2024 was 6.45%. It is also linked to ROA % through Du Pont Formula. Decker Manufacturing's annualized ROA % for the quarter that ended in Sep. 2024 was 4.79%.


Decker Manufacturing Asset Turnover Historical Data

The historical data trend for Decker Manufacturing'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.

Decker Manufacturing Asset Turnover Chart

Decker Manufacturing Annual Data
Trend
Asset Turnover

Decker Manufacturing Quarterly Data
Sep22 Jun23 Sep23 Jun24 Sep24
Asset Turnover - - 0.10 0.10 0.10

Competitive Comparison of Decker Manufacturing's Asset Turnover

For the Tools & Accessories subindustry, Decker Manufacturing'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.


Decker Manufacturing's Asset Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Decker Manufacturing's Asset Turnover distribution charts can be found below:

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



Decker Manufacturing Asset Turnover Calculation

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

Decker Manufacturing's Asset Turnover for the fiscal year that ended in . 20 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: . 20 )/( (Total Assets (A: . 20 )+Total Assets (A: . 20 ))/ count )
=/( (+)/ )
=/
=

Decker Manufacturing's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=3.778/( (36.069+38.975)/ 2 )
=3.778/37.522
=0.10

* 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.


Decker Manufacturing  (OTCPK:DMFG) Asset Turnover Explanation

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

Decker Manufacturing's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=1.796/27.862
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1.796 / 15.112)*(15.112 / 37.522)*(37.522/ 27.862)
=Net Margin %*Asset Turnover*Equity Multiplier
=11.88 %*0.4028*1.3467
=ROA %*Equity Multiplier
=4.79 %*1.3467
=6.45 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) 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:

Decker Manufacturing's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=1.796/37.522
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1.796 / 15.112)*(15.112 / 37.522)
=Net Margin %*Asset Turnover
=11.88 %*0.4028
=4.79 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) 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.


Decker Manufacturing Asset Turnover Related Terms

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Decker Manufacturing Business Description

Traded in Other Exchanges
N/A
Address
703 North Clark Street, Albion, MI, USA, 49224
Decker Manufacturing Corp is are engaged in the manufacture and distribution of cold-headed industrial fasteners and pipe plugs to customers in North America. Its products include locknuts, flange nuts, hex nuts, weld nuts, pipe plugs, and other industrial fasteners.

Decker Manufacturing Headlines

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