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Furniture Brands International, (FRA:FBN1) Asset Turnover : 0.44 (As of Jun. 2013)


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What is Furniture Brands International, Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Furniture Brands International,'s Revenue for the three months ended in Jun. 2013 was €193.3 Mil. Furniture Brands International,'s Total Assets for the quarter that ended in Jun. 2013 was €437.4 Mil. Therefore, Furniture Brands International,'s Asset Turnover for the quarter that ended in Jun. 2013 was 0.44.

Asset Turnover is linked to ROE % through Du Pont Formula. Furniture Brands International,'s annualized ROE % for the quarter that ended in Jun. 2013 was -971.19%. It is also linked to ROA % through Du Pont Formula. Furniture Brands International,'s annualized ROA % for the quarter that ended in Jun. 2013 was -28.30%.


Furniture Brands International, Asset Turnover Historical Data

The historical data trend for Furniture Brands International,'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.

Furniture Brands International, Asset Turnover Chart

Furniture Brands International, Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.48 1.33 1.70 1.72 1.74

Furniture Brands International, Quarterly Data
Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13
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 0.43 0.39 0.41 0.42 0.44

Competitive Comparison of Furniture Brands International,'s Asset Turnover

For the Furnishings, Fixtures & Appliances subindustry, Furniture Brands International,'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.


Furniture Brands International,'s Asset Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Furniture Brands International,'s Asset Turnover distribution charts can be found below:

* The bar in red indicates where Furniture Brands International,'s Asset Turnover falls into.



Furniture Brands International, Asset Turnover Calculation

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

Furniture Brands International,'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 )
=817.111/( (467.017+471.252)/ 2 )
=817.111/469.1345
=1.74

Furniture Brands International,'s Asset Turnover for the quarter that ended in Jun. 2013 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2013 )/( (Total Assets (Q: Mar. 2013 )+Total Assets (Q: Jun. 2013 ))/ count )
=193.278/( (460.353+414.423)/ 2 )
=193.278/437.388
=0.44

* 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.


Furniture Brands International,  (FRA:FBN1) Asset Turnover Explanation

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

Furniture Brands International,'s annulized ROE % for the quarter that ended in Jun. 2013 is

ROE %**(Q: Jun. 2013 )
=Net Income/Total Stockholders Equity
=-123.768/12.744
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-123.768 / 773.112)*(773.112 / 437.388)*(437.388/ 12.744)
=Net Margin %*Asset Turnover*Equity Multiplier
=-16.01 %*1.7676*34.3211
=ROA %*Equity Multiplier
=-28.30 %*34.3211
=-971.19 %

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

Furniture Brands International,'s annulized ROA % for the quarter that ended in Jun. 2013 is

ROA %(Q: Jun. 2013 )
=Net Income/Total Assets
=-123.768/437.388
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-123.768 / 773.112)*(773.112 / 437.388)
=Net Margin %*Asset Turnover
=-16.01 %*1.7676
=-28.30 %

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


Furniture Brands International, Asset Turnover Related Terms

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Furniture Brands International, (FRA:FBN1) Business Description

Traded in Other Exchanges
N/A
Address
Furniture Brands International, Inc., is a Delaware corporation, which was organized in 1921 as a holding company. The Company is engaged in designing, manufacturing, sourcing and retailing of home furnishings. It markets products through a wide range of channels, including its own Thomasville retail stores and through interior designers, multi-line/independent retailers and mass merchant stores. Its portfolio includes Thomasville, Broyhill, Lane, Drexel Heritage, Henredon, Pearson, Hickory Chair, Lane Venture, Maitland-Smith and La Barge. Through these brands, the Company offers case goods, consisting of bedroom, dining room, and living room wood furniture; stationary upholstery products, consisting of sofas, loveseats, sectionals, and chairs; motion upholstered furniture, consisting of recliners and sleep sofas; occasional furniture, consisting of wood, metal and glass tables, accent pieces, home entertainment centers, and home office furniture; and decorative accessories and accent pieces. The Company's brands are featured in every price and product category in the residential furniture industry. Each of its brands targets specific customers in relation to style and price point. The raw materials used in manufacturing its products include lumber, veneers, plywood, fiberboard, particleboard, steel, paper, hardware, adhesives, finishing materials, glass, mirrored glass, fabrics, leathers, metals, stone, synthetics and upholstered filling material. The Company's products compete against domestic manufacturers, importers, and foreign manufacturers entering the United States market; as well as increased direct importing by some larger retailers. Its competitors include: Ashley Furniture Industries, Inc.; La-Z-Boy Incorporated; Ethan Allen Interiors Inc., and many other home furnishings retailers and manufacturers. The elements of competition include price, style, quality, service, brand and marketing.

Furniture Brands International, (FRA:FBN1) Headlines

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