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GHM (Graham) Asset Turnover : 0.22 (As of Sep. 2024)


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What is Graham Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Graham's Revenue for the three months ended in Sep. 2024 was $53.6 Mil. Graham's Total Assets for the quarter that ended in Sep. 2024 was $246.8 Mil. Therefore, Graham's Asset Turnover for the quarter that ended in Sep. 2024 was 0.22.

Asset Turnover is linked to ROE % through Du Pont Formula. Graham's annualized ROE % for the quarter that ended in Sep. 2024 was 11.90%. It is also linked to ROA % through Du Pont Formula. Graham's annualized ROA % for the quarter that ended in Sep. 2024 was 5.32%.


Graham Asset Turnover Historical Data

The historical data trend for Graham'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.

Graham Asset Turnover Chart

Graham Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.60 0.67 0.75 0.81 0.85

Graham Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.21 0.20 0.22 0.21 0.22

Competitive Comparison of Graham's Asset Turnover

For the Specialty Industrial Machinery subindustry, Graham'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.


Graham's Asset Turnover Distribution in the Industrial Products Industry

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

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



Graham Asset Turnover Calculation

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

Graham's Asset Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2024 )/( (Total Assets (A: Mar. 2023 )+Total Assets (A: Mar. 2024 ))/ count )
=185.533/( (203.918+233.879)/ 2 )
=185.533/218.8985
=0.85

Graham's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=53.563/( (244.165+249.53)/ 2 )
=53.563/246.8475
=0.22

* 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.


Graham  (NYSE:GHM) Asset Turnover Explanation

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

Graham's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=13.124/110.331
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(13.124 / 214.252)*(214.252 / 246.8475)*(246.8475/ 110.331)
=Net Margin %*Asset Turnover*Equity Multiplier
=6.13 %*0.868*2.2373
=ROA %*Equity Multiplier
=5.32 %*2.2373
=11.90 %

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

Graham's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=13.124/246.8475
=(Net Income / Revenue)*(Revenue / Total Assets)
=(13.124 / 214.252)*(214.252 / 246.8475)
=Net Margin %*Asset Turnover
=6.13 %*0.868
=5.32 %

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


Graham Asset Turnover Related Terms

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Graham Business Description

Traded in Other Exchanges
Address
20 Florence Avenue, Batavia, NY, USA, 14020
Graham Corporation designs and manufactures mission-critical fluid, power, heat transfer, and vacuum technologies for the defense, space, energy, and process industries. The company also services and sells spare parts for its equipment. It designs and manufactures custom-engineered vacuum, heat transfer, cryogenic pump and turbomachinery technologies.
Executives
Alan E Smith officer: VP of Operations GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Daniel J. Thoren officer: President and COO C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Christopher J. Thome officer: VP-Finance; CFO C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Cari L Jaroslawsky director C/O HARTER SECREST & EMERY LLP, 1600 BAUSCH & LOMB PLACE, ROCHESTER NY 14604
Troy A. Stoner director C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Jeffrey Glajch officer: VP-Finance; CFO GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
James J Barber director C/O METABOLIX, INC., 21 ERIE STREET, CAMBRIDGE MA 02139
Lisa M. Schnorr director C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Jonathan W Painter director ONE ACTO PLACE, SUITE 202, ACTON MA 01720
Alan Fortier director GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Matthew Malone officer: VP & GM of Barber-Nichols C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
James R Lines officer: VP Marketing & Sales 11 HILLSIDE PARKWY, LANCSTER NY 14068
Jennifer R Condame officer: CAO and Controller GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
John N Rice officer: Vice President of Sales GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Gerard T Mazurkiewicz director