Ann (FRA:AAK) Asset Turnover : 0.58 (As of Apr. 2015)

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What is Ann Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Ann's Revenue for the three months ended in Apr. 2015 was €552 Mil. Ann's Total Assets for the quarter that ended in Apr. 2015 was €952 Mil. Therefore, Ann's Asset Turnover for the quarter that ended in Apr. 2015 was 0.58.

Asset Turnover is linked to ROE % through Du Pont Formula. Ann's annualized ROE % for the quarter that ended in Apr. 2015 was 10.78%. It is also linked to ROA % through Du Pont Formula. Ann's annualized ROA % for the quarter that ended in Apr. 2015 was 5.26%.

Ann Asset Turnover Historical Data

The historical data trend for Ann'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.

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Ann Asset Turnover Chart

Ann Annual Data

Trend

Jan06

Jan07

Jan08

Jan09

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Asset Turnover

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2.24

2.48

2.56

2.50

2.61

Ann Quarterly Data
	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15
Asset Turnover	Get a 7-Day Free Trial															0.57	0.65	0.65	0.64	0.58

Competitive Comparison of Ann's Asset Turnover

For the Apparel Retail subindustry, Ann'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.

Ann's Asset Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ann's Asset Turnover distribution charts can be found below:

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

Ann Asset Turnover Calculation

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

Ann's Asset Turnover for the fiscal year that ended in Jan. 2015 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Jan. 2015 )	/	( (Total Assets (A: Jan. 2014 )	+	Total Assets (A: Jan. 2015 ))	/ count )
=	2181.309	/	( (758.193	+	913.957)	/ 2 )
=	2181.309	/	836.075
=	2.61

Ann's Asset Turnover for the quarter that ended in Apr. 2015 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Apr. 2015 )	/	( (Total Assets (Q: Jan. 2015 )	+	Total Assets (Q: Apr. 2015 ))	/ count )
=	552.299	/	( (913.957	+	989.33)	/ 2 )
=	552.299	/	951.6435
=	0.58

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.

Ann (FRA:AAK) Asset Turnover Explanation

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

Ann's annulized ROE % for the quarter that ended in Apr. 2015 is

	ROE %^**		(Q: Apr. 2015 )
=	Net Income	/	Total Stockholders Equity
=	50.088	/	464.511
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(50.088 / 2209.196)	*	(2209.196 / 951.6435)	*	(951.6435/ 464.511)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	2.27 %	*	2.3215	*	2.0487
=	ROA %	*	Equity Multiplier
=	5.26 %	*	2.0487
=	10.78 %

Note: The Net Income data used here is four times the quarterly (Apr. 2015) net income data. The Revenue data used here is four times the quarterly (Apr. 2015) revenue data.

^** 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:

Ann's annulized ROA % for the quarter that ended in Apr. 2015 is

	ROA %		(Q: Apr. 2015 )
=	Net Income	/	Total Assets
=	50.088	/	951.6435
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(50.088 / 2209.196)	*	(2209.196 / 951.6435)
=	Net Margin %	*	Asset Turnover
=	2.27 %	*	2.3215
=	5.26 %

Note: The Net Income data used here is four times the quarterly (Apr. 2015) net income data. The Revenue data used here is four times the quarterly (Apr. 2015) 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.

Ann Asset Turnover Related Terms

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Ann (FRA:AAK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ann Inc (FRA:AAK) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.anncareers.com

Ann Inc was incorporated in the State of Delaware in 1988 and changed its name to ANN INC. in March 2011. The Company through its wholly-owned subsidiaries is a specialty retailer of women's apparel, shoes and accessories sold mainly under the Ann Taylor and LOFT brands. The Company has four operating segments including Ann Taylor, LOFT, Ann Taylor Factory and LOFT Outlet. Ann Taylor is a luxury brand that offers modern style while remaining true to its legacy as a destination for every generation of working women, with timeless wear-now and wear-to-work fashion of impeccable quality at compelling prices. LOFT provides fashion that delivers feminine appeal, special and unexpected details, and a flattering fit, making its client's style aspirations attainable. The Company's Ann Taylor and LOFT stores offer career and casual separates, dresses, tops, weekend wear, shoes and accessories, coordinated as part of a strategy to provide modern styles that are versatile across all occasions and needs. It also offer updated past season best sellers from the Ann Taylor and LOFT merchandise collections at its Ann Taylor Factory and LOFT Outlet stores, respectively. In addition to its stores, its clients can shop online at www.anntaylor.com and www.LOFT.com. The AnnTaylor, LOFT and AnnTaylor Loft trademarks are registered with the United States Patent and Trademark Office and with the trademark registries of many foreign countries. The Company's stores compete with certain departments in international, national and local department stores and with other specialty stores, catalog and internet businesses that offer similar categories of merchandise.

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