Switch to:

FedEx Asset Turnover

: 0.28 (As of Aug. 2019)
View and export this data going back to 1978. Start your Free Trial

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. FedEx's Revenue for the three months ended in Aug. 2019 was $17,048 Mil. FedEx's Total Assets for the quarter that ended in Aug. 2019 was $61,428 Mil. Therefore, FedEx's asset turnover for the quarter that ended in Aug. 2019 was 0.28.

Asset Turnover is linked to ROE % through Du Pont Formula. FedEx's annualized ROE % for the quarter that ended in Aug. 2019 was 16.59%. It is also linked to ROA % through Du Pont Formula. FedEx's annualized ROA % for the quarter that ended in Aug. 2019 was 4.85%.


FedEx Asset Turnover Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

FedEx Annual Data
May10 May11 May12 May13 May14 May15 May16 May17 May18 May19
Asset Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.36 1.22 1.28 1.30 1.31

FedEx Quarterly Data
Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19
Asset Turnover 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 Premium Member Only Premium Member Only Premium Member Only 0.33 0.34 0.32 0.33 0.28

FedEx Asset Turnover Calculation

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

FedEx's Asset Turnover for the fiscal year that ended in May. 2019 is calculated as

Asset Turnover
=Sales/Average Total Assets
=Revenue (A: May. 2019 )/( (Total Assets (A: May. 2018 )+Total Assets (A: May. 2019 ))/ 2 )
=69693/( (52330+54403)/ 2 )
=69693/53366.5
=1.31

FedEx's Asset Turnover for the quarter that ended in Aug. 2019 is calculated as

Asset Turnover
=Sales/Average Total Assets
=Revenue (Q: Aug. 2019 )/( (Total Assets (Q: May. 2019 )+Total Assets (Q: Aug. 2019 ))/ 2 )
=17048/( (54403+68452)/ 2 )
=17048/61427.5
=0.28

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


FedEx  (NYSE:FDX) Asset Turnover Explanation

Asset Turnover is linked to Return on Equity (ROE) through Du Pont Formula.

FedEx's annulized ROE % for the quarter that ended in Aug. 2019 is

ROE %(Q: Aug. 2019 )
=Net Income/Total Stockholders Equity
=2980/17961.5
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2980 / 68192)*(68192 / 61427.5)*(61427.5/ 17961.5)
=Net Margin %*Asset Turnover*Leverage Ratio
=4.37 %*1.1101*3.42
=ROA %*Leverage Ratio
=4.85 %*3.42
=16.59 %

Note: The Net Income data used here is four times the quarterly (Aug. 2019) net income data. The Revenue data used here is four times the quarterly (Aug. 2019) revenue data.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

It is also linked to Return on Assets (ROA) through Du Pont Formula:

FedEx's annulized ROA % for the quarter that ended in Aug. 2019 is

ROA %(Q: Aug. 2019 )
=Net Income/Total Assets
=2980/61427.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(2980 / 68192)*(68192 / 61427.5)
=Net Margin %*Asset Turnover
=4.37 %*1.1101
=4.85 %

Note: The Net Income data used here is four times the quarterly (Aug. 2019) net income data. The Revenue data used here is four times the quarterly (Aug. 2019) revenue data.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


FedEx Asset Turnover Related Terms


FedEx Asset Turnover Headlines

From the Internet

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)