DSG (Diamond S Shipping Group) Asset Turnover: 0.15 (As of Mar. 2013)


What is Diamond S Shipping Group Asset Turnover?

Diamond S Shipping Group DSG Asset Turnover is 0.15 as of Mar. 2013. The stock has 1 warning sign investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Diamond S Shipping Group's Revenue for the six months ended in Mar. 2013 was $175.87 Mil. Diamond S Shipping Group's Total Assets for the quarter that ended in Mar. 2013 was $1,196.84 Mil. Therefore, Diamond S Shipping Group's Asset Turnover for the quarter that ended in Mar. 2013 was 0.15.

Asset Turnover is linked to ROE % through Du Pont Formula. Diamond S Shipping Group's annualized ROE % for the quarter that ended in Mar. 2013 was 4.46%. It is also linked to ROA % through Du Pont Formula. Diamond S Shipping Group's annualized ROA % for the quarter that ended in Mar. 2013 was 1.84%.

Diamond S Shipping Group  (NYSE:DSG) Asset Turnover Explanation

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

Diamond S Shipping Group's annulized ROE % for the quarter that ended in Mar. 2013 is

ROE %**(Q: Mar. 2013 )
=Net Income/Total Stockholders Equity
=22.072/494.9565
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(22.072 / 351.748)*(351.748 / 1196.8385)*(1196.8385/ 494.9565)
=Net Margin %*Asset Turnover*Equity Multiplier
=6.27 %*0.2939*2.4181
=ROA %*Equity Multiplier
=1.84 %*2.4181
=4.46 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2013) net income data. The Revenue data used here is two times the semi-annual (Mar. 2013) 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:

Diamond S Shipping Group's annulized ROA % for the quarter that ended in Mar. 2013 is

ROA %(Q: Mar. 2013 )
=Net Income/Total Assets
=22.072/1196.8385
=(Net Income / Revenue)*(Revenue / Total Assets)
=(22.072 / 351.748)*(351.748 / 1196.8385)
=Net Margin %*Asset Turnover
=6.27 %*0.2939
=1.84 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2013) net income data. The Revenue data used here is two times the semi-annual (Mar. 2013) 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.

Diamond S Shipping Group Asset Turnover Related Terms

Diamond S Shipping Group Asset Turnover Historical Data

* Premium members only.

The historical data trend for Diamond S Shipping Group'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.

Diamond S Shipping Group Asset Turnover Chart

Diamond S Shipping Group Annual Data
Trend Mar12 Mar13
Asset Turnover
0.08 0.15

Diamond S Shipping Group Semi-Annual Data
Mar12 Mar13
Asset Turnover 0.08 0.15

DSG vs PRGNF, TEUFF, BSTN: Asset Turnover Comparison

For the Marine Shipping subindustry, Diamond S Shipping Group'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.

Diamond S Shipping Group Asset Turnover vs Transportation Industry

For the Transportation industry and Industrials sector, Diamond S Shipping Group's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Diamond S Shipping Group's Asset Turnover falls into.


Diamond S Shipping Group Asset Turnover Calculation

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

Diamond S Shipping Group's Asset Turnover for the fiscal year that ended in Mar. 2013 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2013 )/( (Total Assets (A: Mar. 2012 )+Total Assets (A: Mar. 2013 ))/ count )
=175.874/( (1225.534+1168.143)/ 2 )
=175.874/1196.8385
=0.15

Diamond S Shipping Group's Asset Turnover for the quarter that ended in Mar. 2013 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2013 )/( (Total Assets (Q: Mar. 2012 )+Total Assets (Q: Mar. 2013 ))/ count )
=175.874/( (1225.534+1168.143)/ 2 )
=175.874/1196.8385
=0.15

* 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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.15 mean?
Diamond S Shipping Group (DSG) has a Asset Turnover of 0.15 as of Mar. 2013. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Diamond S Shipping Group and its competitors.
Is Diamond S Shipping Group's Asset Turnover too high?
Diamond S Shipping Group's current Asset Turnover is 0.15.
How does Diamond S Shipping Group's Asset Turnover compare to PRGNF and TEUFF?
Diamond S Shipping Group's Asset Turnover of 0.15 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Transportation company?
A good Asset Turnover depends on the Transportation industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Diamond S Shipping Group and its competitors. Diamond S Shipping Group's current Asset Turnover is 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Diamond S Shipping Group stock overvalued right now?
Diamond S Shipping Group (DSG) has a current Asset Turnover of 0.15. The current Asset Turnover is 0.15. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Diamond S Shipping Group (DSG), the current Asset Turnover is 0.15 as of Mar. 2013. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Diamond S Shipping Group Business Description

Diamond S Shipping Group Inc, is incorporated in Marshall Islands on July 31, 2013. The Company provides seaborne transportation of refined petroleum and other products in the international shipping markets. The Company is the owners and operators of medium range, or MR, product tankers. The Company's fleet currently consists of 33 MR product tankers built at Korean and Japanese shipyards. The Company competes on basis of price, vessel location, size, age and condition of the vessel. The Company is subject to various international conventions, national, state and local laws and regulations in the countries in which its vessels may operate or are registered.