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Daisy Group (FRA:PWH1) Asset Turnover : 0.42 (As of Sep. 2014)


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What is Daisy Group Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Daisy Group's Revenue for the six months ended in Sep. 2014 was €214.3 Mil. Daisy Group's Total Assets for the quarter that ended in Sep. 2014 was €510.5 Mil. Therefore, Daisy Group's Asset Turnover for the quarter that ended in Sep. 2014 was 0.42.

Asset Turnover is linked to ROE % through Du Pont Formula. Daisy Group's annualized ROE % for the quarter that ended in Sep. 2014 was -18.18%. It is also linked to ROA % through Du Pont Formula. Daisy Group's annualized ROA % for the quarter that ended in Sep. 2014 was -4.86%.


Daisy Group Asset Turnover Historical Data

The historical data trend for Daisy Group'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.

Daisy Group Asset Turnover Chart

Daisy Group Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Mar10 Mar11 Mar12 Mar13 Mar14
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.79 0.73 0.83 0.83 0.85

Daisy Group Semi-Annual Data
Dec03 Jun04 Dec04 Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14
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 0.42 0.43 0.42

Competitive Comparison of Daisy Group's Asset Turnover

For the Telecom Services subindustry, Daisy Group'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.


Daisy Group's Asset Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Daisy Group's Asset Turnover distribution charts can be found below:

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



Daisy Group Asset Turnover Calculation

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

Daisy Group'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 )
=423.562/( (489.245+513.796)/ 2 )
=423.562/501.5205
=0.84

Daisy Group'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: Mar. 2014 )+Total Assets (Q: Sep. 2014 ))/ count )
=214.348/( (513.796+507.242)/ 2 )
=214.348/510.519
=0.42

* 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.


Daisy Group  (FRA:PWH1) Asset Turnover Explanation

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

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

ROE %**(Q: Sep. 2014 )
=Net Income/Total Stockholders Equity
=-24.794/136.3645
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-24.794 / 428.696)*(428.696 / 510.519)*(510.519/ 136.3645)
=Net Margin %*Asset Turnover*Equity Multiplier
=-5.78 %*0.8397*3.7438
=ROA %*Equity Multiplier
=-4.86 %*3.7438
=-18.18 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2014) net income data. The Revenue data used here is two times the semi-annual (Sep. 2014) 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:

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

ROA %(Q: Sep. 2014 )
=Net Income/Total Assets
=-24.794/510.519
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-24.794 / 428.696)*(428.696 / 510.519)
=Net Margin %*Asset Turnover
=-5.78 %*0.8397
=-4.86 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2014) net income data. The Revenue data used here is two times the semi-annual (Sep. 2014) 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.


Daisy Group Asset Turnover Related Terms

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Daisy Group (FRA:PWH1) Business Description

Traded in Other Exchanges
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Address
Daisy Group PLC and its subsidiaries provide telecommunication and managed services to UK SME and mid-market businesses. It provides a combined product set including access, hosting, voice, managed services and mobile telephony. The Group's segments comprise Daisy Retail, Daisy Wholesale, and central costs. The Daisy Retail segment engages in the provision of integrated voice and data services to the small medium business market, The Daisy Wholesale segment supplies partners with billing, provisioning and business software solutions in addition to voice, lines and data services. Daisy Distribution provides a full range of mobile handsets and airtime tariffs from O2, Vodafone, Orange and T-Mobile via a dealer network and the Central segment consists of unallocated central activities.

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