Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Tomra Systems ASA's Revenue for the
three
months ended in Dec. 2023 was €358 Mil. Tomra Systems ASA's Total Assets for the quarter that ended in Dec. 2023 was €1,415 Mil. Therefore, Tomra Systems ASA's Asset Turnover for the quarter that ended in Dec. 2023 was 0.25.
Asset Turnover is linked to ROE % through Du Pont Formula. Tomra Systems ASA's annualizedROE % for the quarter that ended in Dec. 2023 was 5.36%. It is also linked to ROA % through Du Pont Formula. Tomra Systems ASA's annualizedROA % for the quarter that ended in Dec. 2023 was 2.21%.
Tomra Systems ASA Asset Turnover Historical Data
The historical data trend for Tomra Systems ASA'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 Waste Management subindustry, Tomra Systems ASA'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.
Tomra Systems ASA Asset Turnover Distribution
For the Waste Management industry and Industrials sector, Tomra Systems ASA's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Tomra Systems ASA's Asset Turnover falls into.
Tomra Systems ASA Asset Turnover Calculation
Asset Turnover measures how quickly a company turns over its asset through sales.
Tomra Systems ASA's Asset Turnover for the fiscal year that ended in Dec. 2023 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.
Tomra Systems ASA (FRA:TMR0) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Tomra Systems ASA's annulizedROE % for the quarter that ended in Dec. 2023 is
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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:
Tomra Systems ASA's annulizedROA % for the quarter that ended in Dec. 2023 is
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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.
Tomra Systems ASA Asset Turnover Related Terms
Thank you for viewing the detailed overview of Tomra Systems ASA's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Tomra Systems ASA provides sorting and recycling solutions to better equip customers for handling waste. It operates two primary business segments: collection solutions (a majority of revenue) and sorting solutions. The company produces, sells, and services automated recycling systems, including data administration systems that monitor the volume of collected materials. It manufactures reverse vending machines to collect empty beverage containers. The empty beverage containers are gathered and processed into reusable molds. Tomra services the machines and provides replacement parts to ensure optimal performance. Food sorting solutions inspect individual pieces and stop resources from going to waste. The majority of revenue comes from customers in Europe, North America and Rest of World.
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