FTDL (FirsTime Design) Asset Turnover: 0.57 (As of Dec. 2012)


What is FirsTime Design Asset Turnover?

FirsTime Design FTDL Asset Turnover is 0.57 as of Dec. 2012.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. FirsTime Design's Revenue for the three months ended in Dec. 2012 was $2.61 Mil. FirsTime Design's Total Assets for the quarter that ended in Dec. 2012 was $4.55 Mil. Therefore, FirsTime Design's Asset Turnover for the quarter that ended in Dec. 2012 was 0.57.

Asset Turnover is linked to ROE % through Du Pont Formula. FirsTime Design's annualized ROE % for the quarter that ended in Dec. 2012 was 12.39%. It is also linked to ROA % through Du Pont Formula. FirsTime Design's annualized ROA % for the quarter that ended in Dec. 2012 was 9.66%.

FirsTime Design  (OTCPK:FTDL) Asset Turnover Explanation

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

FirsTime Design's annulized ROE % for the quarter that ended in Dec. 2012 is

ROE %**(Q: Dec. 2012 )
=Net Income/Total Stockholders Equity
=0.44/3.55
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(0.44 / 10.44)*(10.44 / 4.553)*(4.553/ 3.55)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.21 %*2.293*1.2825
=ROA %*Equity Multiplier
=9.66 %*1.2825
=12.39 %

Note: The Net Income data used here is four times the quarterly (Dec. 2012) net income data. The Revenue data used here is four times the quarterly (Dec. 2012) 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:

FirsTime Design's annulized ROA % for the quarter that ended in Dec. 2012 is

ROA %(Q: Dec. 2012 )
=Net Income/Total Assets
=0.44/4.553
=(Net Income / Revenue)*(Revenue / Total Assets)
=(0.44 / 10.44)*(10.44 / 4.553)
=Net Margin %*Asset Turnover
=4.21 %*2.293
=9.66 %

Note: The Net Income data used here is four times the quarterly (Dec. 2012) net income data. The Revenue data used here is four times the quarterly (Dec. 2012) 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.

FirsTime Design Asset Turnover Related Terms

FirsTime Design Asset Turnover Historical Data

* Premium members only.

The historical data trend for FirsTime Design'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.

FirsTime Design Asset Turnover Chart

FirsTime Design Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.05 1.08 1.04 1.07 1.82

FirsTime Design Quarterly Data
Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12
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 0.31 0.39 0.42 0.43 0.57

FTDL vs EFOI: Asset Turnover Comparison

For the Furnishings, Fixtures & Appliances subindustry, FirsTime Design'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.

FirsTime Design Asset Turnover vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, FirsTime Design's Asset Turnover distribution charts can be found below:

* The bar in red indicates where FirsTime Design's Asset Turnover falls into.


FirsTime Design Asset Turnover Calculation

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

FirsTime Design's Asset Turnover for the fiscal year that ended in Dec. 2012 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2012 )/( (Total Assets (A: Dec. 2011 )+Total Assets (A: Dec. 2012 ))/ count )
=7.646/( (3.876+4.507)/ 2 )
=7.646/4.1915
=1.82

FirsTime Design's Asset Turnover for the quarter that ended in Dec. 2012 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2012 )/( (Total Assets (Q: Sep. 2012 )+Total Assets (Q: Dec. 2012 ))/ count )
=2.61/( (4.599+4.507)/ 2 )
=2.61/4.553
=0.57

* 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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.57 mean?
FirsTime Design (FTDL) has a Asset Turnover of 0.57 as of Dec. 2012. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on FirsTime Design and its competitors.
Is FirsTime Design's Asset Turnover too high?
FirsTime Design's current Asset Turnover is 0.57.
How does FirsTime Design's Asset Turnover compare to EFOI?
FirsTime Design's Asset Turnover of 0.57 can be compared against companies in the Furnishings, Fixtures & Appliances industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Furnishings, Fixtures & Appliances company?
A good Asset Turnover depends on the Furnishings, Fixtures & Appliances industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on FirsTime Design and its competitors. FirsTime Design's current Asset Turnover is 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FirsTime Design stock overvalued right now?
FirsTime Design (FTDL) has a current Asset Turnover of 0.57. The current Asset Turnover is 0.57. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For FirsTime Design (FTDL), the current Asset Turnover is 0.57 as of Dec. 2012. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

FirsTime Design Business Description

Address W237 N2889 Woodgate Road, Suite F, Pewaukee, WI, USA, 53072
FirsTime Design Ltd, through its subsidiaries, designs, imports, and distributes decorative timepieces and other home decor products. It distributes commercial mattresses and bedding accessories. In addition, it offers custom packaging and product merchandising services. It sells its products through retailers in the United States. The group has manufacturing partners in China with some in Egypt, India, Italy, Taiwan, the United States, and Vietnam.