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Artio Global Investors, (FRA:A1I) Asset Turnover : 0.08 (As of Mar. 2013)


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What is Artio Global Investors, Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Artio Global Investors,'s Revenue for the three months ended in Mar. 2013 was €12.04 Mil. Artio Global Investors,'s Total Assets for the quarter that ended in Mar. 2013 was €154.57 Mil. Therefore, Artio Global Investors,'s Asset Turnover for the quarter that ended in Mar. 2013 was 0.08.

Asset Turnover is linked to ROE % through Du Pont Formula. Artio Global Investors,'s annualized ROE % for the quarter that ended in Mar. 2013 was -31.52%. It is also linked to ROA % through Du Pont Formula. Artio Global Investors,'s annualized ROA % for the quarter that ended in Mar. 2013 was -21.46%.


Artio Global Investors, Asset Turnover Historical Data

The historical data trend for Artio Global Investors,'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.

Artio Global Investors, Asset Turnover Chart

Artio Global Investors, Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Asset Turnover
Get a 7-Day Free Trial 1.30 1.14 1.18 0.67 0.38

Artio Global Investors, Quarterly Data
Dec08 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13
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 0.11 0.09 0.09 0.10 0.08

Competitive Comparison of Artio Global Investors,'s Asset Turnover

For the Asset Management subindustry, Artio Global Investors,'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.


Artio Global Investors,'s Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Artio Global Investors,'s Asset Turnover distribution charts can be found below:

* The bar in red indicates where Artio Global Investors,'s Asset Turnover falls into.



Artio Global Investors, Asset Turnover Calculation

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

Artio Global Investors,'s Asset Turnover for the fiscal year that ended in Dec. 2012 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2012 )/( (Total Assets (A: Dec. 2011 )+Total Assets (A: Dec. 2012 ))/ count )
=94.711/( (329.664+165.049)/ 2 )
=94.711/247.3565
=0.38

Artio Global Investors,'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: Dec. 2012 )+Total Assets (Q: Mar. 2013 ))/ count )
=12.04/( (165.049+144.082)/ 2 )
=12.04/154.5655
=0.08

* 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.


Artio Global Investors,  (FRA:A1I) Asset Turnover Explanation

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

Artio Global Investors,'s annulized ROE % for the quarter that ended in Mar. 2013 is

ROE %**(Q: Mar. 2013 )
=Net Income/Total Stockholders Equity
=-33.172/105.228
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-33.172 / 48.16)*(48.16 / 154.5655)*(154.5655/ 105.228)
=Net Margin %*Asset Turnover*Equity Multiplier
=-68.88 %*0.3116*1.4689
=ROA %*Equity Multiplier
=-21.46 %*1.4689
=-31.52 %

Note: The Net Income data used here is four times the quarterly (Mar. 2013) net income data. The Revenue data used here is four times the quarterly (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:

Artio Global Investors,'s annulized ROA % for the quarter that ended in Mar. 2013 is

ROA %(Q: Mar. 2013 )
=Net Income/Total Assets
=-33.172/154.5655
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-33.172 / 48.16)*(48.16 / 154.5655)
=Net Margin %*Asset Turnover
=-68.88 %*0.3116
=-21.46 %

Note: The Net Income data used here is four times the quarterly (Mar. 2013) net income data. The Revenue data used here is four times the quarterly (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.


Artio Global Investors, Asset Turnover Related Terms

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Artio Global Investors, Business Description

Traded in Other Exchanges
N/A
Address
Website
Artio Global Investors Inc. was incorporated in Delaware. The Company is an asset management Company that provides investment management services to institutional and mutual fund clients. In addition to International Equity, it offers a select group of other equity and fixed income strategies, including Global Equity, a series of U.S. Equity strategies, High Grade Fixed Income, High Yield and Local Emerging Markets Debt. Currently, it manage and advise the following investment vehicles through which clients can access its investment capabilities: proprietary funds; commingled institutional investment vehicles; institutional separate accounts; sub-advisory accounts; and a hedge fund. Its operations and clients are based principally in the U.S.; however, a substantial portion of its AuM is invested outside of the U.S. Its revenues are mainly billed in U.S. dollars, driven by investment management fees earned from managing clients' assets, and are calculated on the U.S. dollar value of the investment assets it manage for clients. Its distribution efforts target institutions and organizations that demonstrate institutional buying behavior and longer-term investment horizons, such as pension fund consultants, broker dealers, registered investment advisors ('RIAs'), mutual fund platforms and sub-advisory relationships, enabling it to achieve significant leverage from its focused sales force and client service infrastructure. It also manage assets for more than 700,000 retail mutual fund shareholders through SEC-registered funds and other retail investors through 10 funds that it sub-advise for others. It competes in all aspects of its business with other investment management companies. The Company's business is subject to extensive regulation in the U.S. at both the federal and state level, as well as by self-regulatory organizations and outside the U.S.

Artio Global Investors, Headlines

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