Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Kaydon's Revenue for the
three
months ended in Jun. 2013 was €88.9 Mil. Kaydon's Total Assets for the quarter that ended in Jun. 2013 was €475.0 Mil. Therefore, Kaydon's Asset Turnover for the quarter that ended in Jun. 2013 was 0.19.
Asset Turnover is linked to ROE % through Du Pont Formula. Kaydon's annualizedROE % for the quarter that ended in Jun. 2013 was 13.84%. It is also linked to ROA % through Du Pont Formula. Kaydon's annualizedROA % for the quarter that ended in Jun. 2013 was 7.46%.
Kaydon Asset Turnover Historical Data
The historical data trend for Kaydon'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.
For the Tools & Accessories subindustry, Kaydon'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.
Kaydon's Asset Turnover Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kaydon's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Kaydon's Asset Turnover falls into.
Kaydon Asset Turnover Calculation
Asset Turnover measures how quickly a company turns over its asset through sales.
Kaydon's Asset Turnover for the fiscal year that ended in Dec. 2012 is calculated as
* 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.
Kaydon (FRA:KYD) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Kaydon's annulizedROE % for the quarter that ended in Jun. 2013 is
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:
Kaydon's annulizedROA % for the quarter that ended in Jun. 2013 is
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.
Kaydon Asset Turnover Related Terms
Thank you for viewing the detailed overview of Kaydon's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Kaydon Corporation was incorporated in 1983. The Company is a designer and manufacturer of custom engineered, performance-critical products supplying a broad and diverse customer base. The Company's main products now include bearings and components, filters and filter housings, custom rings, shaft seals, linear deceleration products, specialty balls, fuel cleansing systems, gas-phase air filtration systems and replacement media, industrial presses and metal alloy products. These products are used by customers in a variety of alternative energy, specialized robotics, medical, material handling, machine tool positioning, aerospace, defense, security, electronic and other industrial applications. The Company has two reportable segments and other operating segments engaged in the manufacture and sale of the following: Friction Control Products - complex components used in alternative energy, specialized robotics, medical, aerospace, defense, security, electronic, material handling, construction and other industrial applications. Products include anti-friction bearings, split roller bearings and specialty balls; Velocity Control Products - complex components used in specialized robotics, material handling, machine tool, medical, amusement and other industrial applications. Products include industrial shock absorbers, safety shock absorbers, velocity controls, gas springs and rotary dampers; and Other Industrial Products - complex and standard ring and seal products, filter elements and liquid and gas-phase filtration systems, metal alloys, machine tool components, presses, dies and benders used in a variety of applications. The Company sells its products in each segment through a sales organization consisting of salespersons and representatives located primarily throughout North America, Europe and Asia. The Company holds various patents, patent applications, licenses, trademarks and trade names. The Company's competitors include a number of other well-established manufacturers, as well as other smaller companies.
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