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YASKAWA Electric (FRA:YEC0) Asset Turnover : 0.21 (As of Feb. 2024)


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What is YASKAWA Electric Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. YASKAWA Electric's Revenue for the three months ended in Feb. 2024 was €938 Mil. YASKAWA Electric's Total Assets for the quarter that ended in Feb. 2024 was €4,377 Mil. Therefore, YASKAWA Electric's Asset Turnover for the quarter that ended in Feb. 2024 was 0.21.

Asset Turnover is linked to ROE % through Du Pont Formula. YASKAWA Electric's annualized ROE % for the quarter that ended in Feb. 2024 was 16.36%. It is also linked to ROA % through Du Pont Formula. YASKAWA Electric's annualized ROA % for the quarter that ended in Feb. 2024 was 9.00%.


YASKAWA Electric Asset Turnover Historical Data

The historical data trend for YASKAWA Electric'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.

YASKAWA Electric Asset Turnover Chart

YASKAWA Electric Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.92 0.81 0.90 0.88 0.80

YASKAWA Electric Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 0.23 0.21 0.21 0.19 0.21

Competitive Comparison of YASKAWA Electric's Asset Turnover

For the Electrical Equipment & Parts subindustry, YASKAWA Electric'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.


YASKAWA Electric's Asset Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, YASKAWA Electric's Asset Turnover distribution charts can be found below:

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



YASKAWA Electric Asset Turnover Calculation

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

YASKAWA Electric's Asset Turnover for the fiscal year that ended in Feb. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Feb. 2024 )/( (Total Assets (A: Feb. 2023 )+Total Assets (A: Feb. 2024 ))/ count )
=3566.721/( (4585.06+4351.599)/ 2 )
=3566.721/4468.3295
=0.80

YASKAWA Electric's Asset Turnover for the quarter that ended in Feb. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Feb. 2024 )/( (Total Assets (Q: Nov. 2023 )+Total Assets (Q: Feb. 2024 ))/ count )
=937.614/( (4402.814+4351.599)/ 2 )
=937.614/4377.2065
=0.21

* 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.


YASKAWA Electric  (FRA:YEC0) Asset Turnover Explanation

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

YASKAWA Electric's annulized ROE % for the quarter that ended in Feb. 2024 is

ROE %**(Q: Feb. 2024 )
=Net Income/Total Stockholders Equity
=394.036/2408.9995
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(394.036 / 3750.456)*(3750.456 / 4377.2065)*(4377.2065/ 2408.9995)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.51 %*0.8568*1.817
=ROA %*Equity Multiplier
=9.00 %*1.817
=16.36 %

Note: The Net Income data used here is four times the quarterly (Feb. 2024) net income data. The Revenue data used here is four times the quarterly (Feb. 2024) 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:

YASKAWA Electric's annulized ROA % for the quarter that ended in Feb. 2024 is

ROA %(Q: Feb. 2024 )
=Net Income/Total Assets
=394.036/4377.2065
=(Net Income / Revenue)*(Revenue / Total Assets)
=(394.036 / 3750.456)*(3750.456 / 4377.2065)
=Net Margin %*Asset Turnover
=10.51 %*0.8568
=9.00 %

Note: The Net Income data used here is four times the quarterly (Feb. 2024) net income data. The Revenue data used here is four times the quarterly (Feb. 2024) 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.


YASKAWA Electric Asset Turnover Related Terms

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YASKAWA Electric (FRA:YEC0) Business Description

Traded in Other Exchanges
Address
2-1, Kurosaki-shiroishi, Yahatanishi-ku, Kitakyushu, JPN, 806-0004
Yaskawa Electric manufactures motion control components (servo motors and inverters), industrial robots, and other motor-based products. It operates mainly in Asia, the Americas, and Europe as one of the leading players in the AC servo motor/controller, AC drives (inverter), and robotics markets. According to the company, it has the leading global share with AC Servo motors/controllers, where the company's cumulative AC servo motor shipments reached 20 million units in 2020, and it is also considered as one of the "big four" industrial robotics companies. The company was founded in 1915, and its head office is in Kitakyushu, Fukuoka Prefecture, Japan.

YASKAWA Electric (FRA:YEC0) Headlines

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