Compuware (FRA:CWR) Asset Turnover : 0.09 (As of Sep. 2014)

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What is Compuware Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Compuware's Revenue for the three months ended in Sep. 2014 was €132.6 Mil. Compuware's Total Assets for the quarter that ended in Sep. 2014 was €1,404.5 Mil. Therefore, Compuware's Asset Turnover for the quarter that ended in Sep. 2014 was 0.09.

Asset Turnover is linked to ROE % through Du Pont Formula. Compuware's annualized ROE % for the quarter that ended in Sep. 2014 was 3.53%. It is also linked to ROA % through Du Pont Formula. Compuware's annualized ROA % for the quarter that ended in Sep. 2014 was 2.02%.

Compuware Asset Turnover Historical Data

The historical data trend for Compuware'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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Compuware Asset Turnover Chart

Compuware Annual Data

Trend

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Asset Turnover

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0.45

0.34

0.49

0.35

Compuware Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Asset Turnover	Get a 7-Day Free Trial															0.09	0.12	0.01	0.09	0.09

Competitive Comparison of Compuware's Asset Turnover

For the Software - Application subindustry, Compuware'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.

Compuware's Asset Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Compuware's Asset Turnover distribution charts can be found below:

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

Compuware Asset Turnover Calculation

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

Compuware's Asset Turnover for the fiscal year that ended in Mar. 2014 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Mar. 2014 )	/	( (Total Assets (A: Mar. 2013 )	+	Total Assets (A: Mar. 2014 ))	/ count )
=	521.107	/	( (1523.374	+	1443.91)	/ 2 )
=	521.107	/	1483.642
=	0.35

Compuware's Asset Turnover for the quarter that ended in Sep. 2014 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Sep. 2014 )	/	( (Total Assets (Q: Jun. 2014 )	+	Total Assets (Q: Sep. 2014 ))	/ count )
=	132.613	/	( (1373.441	+	1435.5)	/ 2 )
=	132.613	/	1404.4705
=	0.09

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.

Compuware (FRA:CWR) Asset Turnover Explanation

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

Compuware's annulized ROE % for the quarter that ended in Sep. 2014 is

	ROE %^**		(Q: Sep. 2014 )
=	Net Income	/	Total Stockholders Equity
=	28.404	/	804.041
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(28.404 / 530.452)	*	(530.452 / 1404.4705)	*	(1404.4705/ 804.041)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	5.35 %	*	0.3777	*	1.7468
=	ROA %	*	Equity Multiplier
=	2.02 %	*	1.7468
=	3.53 %

Note: The Net Income data used here is four times the quarterly (Sep. 2014) net income data. The Revenue data used here is four times the quarterly (Sep. 2014) 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:

Compuware's annulized ROA % for the quarter that ended in Sep. 2014 is

	ROA %		(Q: Sep. 2014 )
=	Net Income	/	Total Assets
=	28.404	/	1404.4705
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(28.404 / 530.452)	*	(530.452 / 1404.4705)
=	Net Margin %	*	Asset Turnover
=	5.35 %	*	0.3777
=	2.02 %

Note: The Net Income data used here is four times the quarterly (Sep. 2014) net income data. The Revenue data used here is four times the quarterly (Sep. 2014) 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.

Compuware Asset Turnover Related Terms

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Compuware (FRA:CWR) Business Description

Industry

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Traded in Other Exchanges

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Address

Website

http://www.compuware.com

Compuware Corp a Michigan corporation was incorporated in 1973. The Company delivers services and software that enable its customers' important technologies to perform at their peak. It delivers the solutions through software that is installed and run on its customers' owned hardware and applications and through a Software as a Service ('SaaS') model accessed via its hosted networks. It has six business segments: Application Performance Managemen (APM), Mainframe, Changepoint, Uniface, Professional Services and Covisint Application Services ('Covisint'). Its Compuware Application Performance Management ('Compuware APM') consists of its solutions for optimizing the performance of web, non-web, mobile, streaming and cloud applications. Its Mainframe Software Products improve the productivity of development, maintenance and support teams in application analysis, testing, defect detection and remediation, fault management, file and data management, data compliance and application performance management in the IBM z/OS environment. Its Changepoint software combines professional services automation with project portfolio management capabilities to give customers complete visibility into projects, investments and resources for informed business planning and financial control. Its Uniface solution is Compuware's Rapid Application Development environment for building, renewing and integrating some of the complex enterprise applications. Its Covisint application services provide a cloud engagement platform for enabling organizations to securely connect, engage and collaborate with large, distributed communities of customers, business partners and suppliers. Its products and services are used by the IT departments and lines of business of a of commercial and government organizations. Its competitors include BMC Software Inc., CA, Inc., International Business Machines ('IBM'), Hewlett-Packard Company, Keynote Systems, Inc., Accenture, Computer Sciences Corporation, HP Enterprise Services, Analysts International Corporation and Infosys Technologies.

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