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Papa Murphy′s Holdings (Papa Murphy′s Holdings) Asset Turnover : 0.12 (As of Mar. 2019)


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What is Papa Murphy′s Holdings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Papa Murphy′s Holdings's Revenue for the three months ended in Mar. 2019 was $29.0 Mil. Papa Murphy′s Holdings's Total Assets for the quarter that ended in Mar. 2019 was $242.9 Mil. Therefore, Papa Murphy′s Holdings's Asset Turnover for the quarter that ended in Mar. 2019 was 0.12.

Asset Turnover is linked to ROE % through Du Pont Formula. Papa Murphy′s Holdings's annualized ROE % for the quarter that ended in Mar. 2019 was 7.22%. It is also linked to ROA % through Du Pont Formula. Papa Murphy′s Holdings's annualized ROA % for the quarter that ended in Mar. 2019 was 2.97%.


Papa Murphy′s Holdings Asset Turnover Historical Data

The historical data trend for Papa Murphy′s Holdings'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.

Papa Murphy′s Holdings Asset Turnover Chart

Papa Murphy′s Holdings Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Asset Turnover
Get a 7-Day Free Trial 0.37 0.45 0.46 0.55 0.50

Papa Murphy′s Holdings Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 0.13 0.12 0.12 0.13 0.12

Competitive Comparison of Papa Murphy′s Holdings's Asset Turnover

For the Restaurants subindustry, Papa Murphy′s Holdings'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.


Papa Murphy′s Holdings's Asset Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Papa Murphy′s Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Papa Murphy′s Holdings's Asset Turnover falls into.



Papa Murphy′s Holdings Asset Turnover Calculation

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

Papa Murphy′s Holdings's Asset Turnover for the fiscal year that ended in Dec. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2018 )/( (Total Assets (A: Dec. 2017 )+Total Assets (A: Dec. 2018 ))/ count )
=126.429/( (262.115+246.724)/ 2 )
=126.429/254.4195
=0.50

Papa Murphy′s Holdings's Asset Turnover for the quarter that ended in Mar. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2019 )/( (Total Assets (Q: Dec. 2018 )+Total Assets (Q: Mar. 2019 ))/ count )
=28.972/( (246.724+238.995)/ 2 )
=28.972/242.8595
=0.12

* 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.


Papa Murphy′s Holdings  (NAS:FRSH) Asset Turnover Explanation

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

Papa Murphy′s Holdings's annulized ROE % for the quarter that ended in Mar. 2019 is

ROE %**(Q: Mar. 2019 )
=Net Income/Total Stockholders Equity
=7.224/100.0285
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(7.224 / 115.888)*(115.888 / 242.8595)*(242.8595/ 100.0285)
=Net Margin %*Asset Turnover*Equity Multiplier
=6.23 %*0.4772*2.4279
=ROA %*Equity Multiplier
=2.97 %*2.4279
=7.22 %

Note: The Net Income data used here is four times the quarterly (Mar. 2019) net income data. The Revenue data used here is four times the quarterly (Mar. 2019) 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:

Papa Murphy′s Holdings's annulized ROA % for the quarter that ended in Mar. 2019 is

ROA %(Q: Mar. 2019 )
=Net Income/Total Assets
=7.224/242.8595
=(Net Income / Revenue)*(Revenue / Total Assets)
=(7.224 / 115.888)*(115.888 / 242.8595)
=Net Margin %*Asset Turnover
=6.23 %*0.4772
=2.97 %

Note: The Net Income data used here is four times the quarterly (Mar. 2019) net income data. The Revenue data used here is four times the quarterly (Mar. 2019) 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.


Papa Murphy′s Holdings Asset Turnover Related Terms

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Papa Murphy′s Holdings (Papa Murphy′s Holdings) Business Description

Traded in Other Exchanges
N/A
Address
8000 North East Parkway Drive, Suite 350, Vancouver, WA, USA, 98662
Papa Murphy's Holdings Inc is a quick-service pizza restaurant. It primarily franchises its stores, but company-owned stores still generate more than half of the company's total revenue. Papa Murphy's has a Take 'N' Bake model, where customers create and pick up raw pizzas in the restaurants and then bake them at home. The Take 'N' Bake model requires less capital investment and lower operating costs, since stores do not require ovens, dining areas, or serving staff. Nearly all locations are in the United States, but the company has international exposure in Canada and the Middle East.
Executives
L David Mounts director 3910 WHITE HAWK LN, WINSTON-SALEM NC 27106
Jean Birch director 3050 SOFT HORIZON WAY, LAS VEGAS NV 89135
Alexander C Matina director C/O MFP INVESTORS, LLC, 667 MADISON AVE, 25TH FL, NEW YORK NY 10065
Michael F Price 10 percent owner C/O MFP INVESTORS LLC, 909 THIRD AVE, 33RD FLOOR, NEW YORK NY 10022
Mfp Partners Lp 10 percent owner 909 THIRD AVENUE, 33RD FLOOR, New York NY 10022
Mfp Investors Llc 10 percent owner 909 THIRD AVE, 33RD FLOOR, NEW YORK NY 10022
Noah A. Elbogen director 7755 CENTER AVENUE, SUITE 300, HUNTINGTON BEACH CA 92647
Katherine Lee Scherping director 6312 SOUTH FIDDLERS GREEN CIRCLE, SUITE 200 NORTH, GREENWOOD VILLAGE CO 80111
Jeffrey B Welch director 111 N. CANAL, SUITE 850, CHICAGO IL 60606
Brandon Solano officer: Chief Marketing Officer 3551 PLANO PARKWAY, THE COLONY TX 75056
Thomas H Lee director, 10 percent owner C/O THOMAS H. LEE CAPITAL LLC, 767 FIFTH AVENUE, 6TH FLOOR, NEW YORK NY 10153
John Barr director, officer: Chairman 2555 TELEGRAPH ROAD, BLOOMFIELD HILLS MI 48302-0954