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Doverddlery (FRA:D1R) Asset Turnover : 0.53 (As of Mar. 2015)


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What is Doverddlery Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Doverddlery's Revenue for the three months ended in Mar. 2015 was €21.12 Mil. Doverddlery's Total Assets for the quarter that ended in Mar. 2015 was €40.17 Mil. Therefore, Doverddlery's Asset Turnover for the quarter that ended in Mar. 2015 was 0.53.

Asset Turnover is linked to ROE % through Du Pont Formula. Doverddlery's annualized ROE % for the quarter that ended in Mar. 2015 was -18.63%. It is also linked to ROA % through Du Pont Formula. Doverddlery's annualized ROA % for the quarter that ended in Mar. 2015 was -7.14%.


Doverddlery Asset Turnover Historical Data

The historical data trend for Doverddlery'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.

Doverddlery Asset Turnover Chart

Doverddlery Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.48 3.16 2.91 2.74 2.70

Doverddlery Quarterly Data
Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15
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 Premium Member Only Premium Member Only Premium Member Only 0.52 0.61 0.60 0.77 0.53

Competitive Comparison of Doverddlery's Asset Turnover

For the Specialty Retail subindustry, Doverddlery'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.


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

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

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



Doverddlery Asset Turnover Calculation

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

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

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2014 )/( (Total Assets (A: Dec. 2013 )+Total Assets (A: Dec. 2014 ))/ count )
=82.578/( (26.188+35.103)/ 2 )
=82.578/30.6455
=2.69

Doverddlery's Asset Turnover for the quarter that ended in Mar. 2015 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2015 )/( (Total Assets (Q: Dec. 2014 )+Total Assets (Q: Mar. 2015 ))/ count )
=21.118/( (35.103+45.237)/ 2 )
=21.118/40.17
=0.53

* 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.


Doverddlery  (FRA:D1R) Asset Turnover Explanation

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

Doverddlery's annulized ROE % for the quarter that ended in Mar. 2015 is

ROE %**(Q: Mar. 2015 )
=Net Income/Total Stockholders Equity
=-2.868/15.396
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-2.868 / 84.472)*(84.472 / 40.17)*(40.17/ 15.396)
=Net Margin %*Asset Turnover*Equity Multiplier
=-3.4 %*2.1029*2.6091
=ROA %*Equity Multiplier
=-7.14 %*2.6091
=-18.63 %

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

Doverddlery's annulized ROA % for the quarter that ended in Mar. 2015 is

ROA %(Q: Mar. 2015 )
=Net Income/Total Assets
=-2.868/40.17
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-2.868 / 84.472)*(84.472 / 40.17)
=Net Margin %*Asset Turnover
=-3.4 %*2.1029
=-7.14 %

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


Doverddlery Asset Turnover Related Terms

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Doverddlery (FRA:D1R) Business Description

Traded in Other Exchanges
N/A
Address
Dover Saddlery, Inc. is a Delaware Corporation. The Company was founded in 1975. It is a specialty retailer and the largest multi-channel marketer of premium, equestrian products in the U.S. The Company sells its products through a multi-channel strategy, including direct and retail. The Company offers a comprehensive selection of products required to own, ride, train and compete with a horse. The Company's equestrian product line includes a broad variety of separate items such as saddles, tack, specialized apparel, footwear, horse clothing, horse health and stable products. The Company has established itself as the largest multi-channel marketer of equestrian tack, specialized apparel, horse care and stable products in the U.S. and plans to continue its multi-channel retail strategy to capitalize on strong brand equity and utilize its customer database. This multi-channel strategy enables it to capture customer data, achieve operational synergies, provide a seamless and convenient shopping experience for its customers, cross market its products and reinforce its brand across channels. As of December 31, 2012, it operated seventeen stores under the Dover Saddlery brand and one store under the Smith Brothers brand. The Company is subject to numerous regulations governing the Internet and e-commerce, retailers generally, the importation, promotion and sale of merchandise, and the operation of retail stores and warehouse facilities.

Doverddlery (FRA:D1R) Headlines

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