ESNR (Electronic Sensor Technology) Asset Turnover: 0.14 (As of Sep. 2009)

What is Electronic Sensor Technology Asset Turnover?

Electronic Sensor Technology ESNR -99.00% Asset Turnover is 0.14 as of Sep. 2009.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Electronic Sensor Technology's Revenue for the three months ended in Sep. 2009 was $0.20 Mil. Electronic Sensor Technology's Total Assets for the quarter that ended in Sep. 2009 was $1.41 Mil. Therefore, Electronic Sensor Technology's Asset Turnover for the quarter that ended in Sep. 2009 was 0.14.

Asset Turnover is linked to ROE % through Du Pont Formula. Electronic Sensor Technology's annualized ROE % for the quarter that ended in Sep. 2009 was 114.59%. It is also linked to ROA % through Du Pont Formula. Electronic Sensor Technology's annualized ROA % for the quarter that ended in Sep. 2009 was -166.34%.

Electronic Sensor Technology (OTCPK:ESNR) Asset Turnover Explanation

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

Electronic Sensor Technology's annulized ROE % for the quarter that ended in Sep. 2009 is

	ROE %^**		(Q: Sep. 2009 )
=	Net Income	/	Total Stockholders Equity
=	-2.352	/	-2.0525
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-2.352 / 0.78)	*	(0.78 / 1.414)	*	(1.414/ -2.0525)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-301.54 %	*	0.5516	*	-0.6889
=	ROA %	*	Equity Multiplier
=	-166.34 %	*	-0.6889
=	114.59 %

Note: The Net Income data used here is four times the quarterly (Sep. 2009) net income data. The Revenue data used here is four times the quarterly (Sep. 2009) 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:

Electronic Sensor Technology's annulized ROA % for the quarter that ended in Sep. 2009 is

	ROA %		(Q: Sep. 2009 )
=	Net Income	/	Total Assets
=	-2.352	/	1.414
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-2.352 / 0.78)	*	(0.78 / 1.414)
=	Net Margin %	*	Asset Turnover
=	-301.54 %	*	0.5516
=	-166.34 %

Note: The Net Income data used here is four times the quarterly (Sep. 2009) net income data. The Revenue data used here is four times the quarterly (Sep. 2009) revenue data.

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.

Electronic Sensor Technology Asset Turnover Related Terms

Electronic Sensor Technology Asset Turnover Historical Data

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The historical data trend for Electronic Sensor Technology's Asset Turnover can be seen below:

Electronic Sensor Technology Asset Turnover Chart

Electronic Sensor Technology Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Asset Turnover

57.64

0.56

0.36

0.68

0.98

Electronic Sensor Technology Quarterly Data
	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09
Asset Turnover	Get a 7-Day Free Trial															0.23	0.24	0.21	0.21	0.14

ESNR vs TRWRF, UCLE, SCND: Asset Turnover Comparison

For the Scientific & Technical Instruments subindustry, Electronic Sensor Technology'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.

Electronic Sensor Technology Asset Turnover vs Hardware Industry

For the Hardware industry and Technology sector, Electronic Sensor Technology's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Electronic Sensor Technology's Asset Turnover falls into.

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Electronic Sensor Technology Asset Turnover Calculation

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

Electronic Sensor Technology's Asset Turnover for the fiscal year that ended in Dec. 2008 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Dec. 2008 )	/	( (Total Assets (A: Dec. 2007 )	+	Total Assets (A: Dec. 2008 ))	/ count )
=	1.725	/	( (1.977	+	1.528)	/ 2 )
=	1.725	/	1.7525
=	0.98

Electronic Sensor Technology's Asset Turnover for the quarter that ended in Sep. 2009 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Sep. 2009 )	/	( (Total Assets (Q: Jun. 2009 )	+	Total Assets (Q: Sep. 2009 ))	/ count )
=	0.195	/	( (1.701	+	1.127)	/ 2 )
=	0.195	/	1.414
=	0.14

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 0.14 mean?

Electronic Sensor Technology (ESNR) has a Asset Turnover of 0.14 as of Sep. 2009. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Electronic Sensor Technology and its competitors.

Is Electronic Sensor Technology's Asset Turnover too high?

Electronic Sensor Technology's current Asset Turnover is 0.14.

How does Electronic Sensor Technology's Asset Turnover compare to TRWRF and UCLE?

Electronic Sensor Technology's Asset Turnover of 0.14 can be compared against companies in the Hardware 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 Hardware company?

A good Asset Turnover depends on the Hardware 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 Electronic Sensor Technology and its competitors. Electronic Sensor Technology's current Asset Turnover is 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Electronic Sensor Technology stock overvalued right now?

Electronic Sensor Technology (ESNR) has a current Asset Turnover of 0.14. The current Asset Turnover is 0.14. 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 Electronic Sensor Technology (ESNR), the current Asset Turnover is 0.14 as of Sep. 2009. 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.

Electronic Sensor Technology Business Description

Industry Technology Hardware

Comparable Companies TRWRF UCLE SCND VSUL SMIT FLXT GIGA MKTY KRKNF ELSE SOTK AEMD DYSL TRCK TKOI MEEC ABIL EVSNF LUNA MIND

Address 1125-B Business Center Circle, Newbury Park, CA, USA, 91320

Website http://www.estcal.com

Electronic Sensor Technology Inc has developed and patented a breakthrough chemical vapor analysis process. This process applies gas chromatography calculations and technology toward a wide variety of industries, including Homeland Security, Life Sciences, Chemical and Petrochemical, Food & Beverage and Environmental.