GLUX (Great Lakes Aviation) Asset Turnover: 0.17 (As of Sep. 2015)

What is Great Lakes Aviation Asset Turnover?

Great Lakes Aviation GLUX Asset Turnover is 0.17 as of Sep. 2015.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Great Lakes Aviation's Revenue for the three months ended in Sep. 2015 was $9.69 Mil. Great Lakes Aviation's Total Assets for the quarter that ended in Sep. 2015 was $58.85 Mil. Therefore, Great Lakes Aviation's Asset Turnover for the quarter that ended in Sep. 2015 was 0.17.

Asset Turnover is linked to ROE % through Du Pont Formula. Great Lakes Aviation's annualized ROE % for the quarter that ended in Sep. 2015 was -47.27%. It is also linked to ROA % through Du Pont Formula. Great Lakes Aviation's annualized ROA % for the quarter that ended in Sep. 2015 was -20.35%.

Great Lakes Aviation (OTCPK:GLUX) Asset Turnover Explanation

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

Great Lakes Aviation's annulized ROE % for the quarter that ended in Sep. 2015 is

	ROE %^**		(Q: Sep. 2015 )
=	Net Income	/	Total Stockholders Equity
=	-11.976	/	25.336
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-11.976 / 38.764)	*	(38.764 / 58.8525)	*	(58.8525/ 25.336)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-30.89 %	*	0.6587	*	2.3229
=	ROA %	*	Equity Multiplier
=	-20.35 %	*	2.3229
=	-47.27 %

Note: The Net Income data used here is four times the quarterly (Sep. 2015) net income data. The Revenue data used here is four times the quarterly (Sep. 2015) 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:

Great Lakes Aviation's annulized ROA % for the quarter that ended in Sep. 2015 is

	ROA %		(Q: Sep. 2015 )
=	Net Income	/	Total Assets
=	-11.976	/	58.8525
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-11.976 / 38.764)	*	(38.764 / 58.8525)
=	Net Margin %	*	Asset Turnover
=	-30.89 %	*	0.6587
=	-20.35 %

Note: The Net Income data used here is four times the quarterly (Sep. 2015) net income data. The Revenue data used here is four times the quarterly (Sep. 2015) revenue data.

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.

Great Lakes Aviation Asset Turnover Related Terms

Great Lakes Aviation Asset Turnover Historical Data

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The historical data trend for Great Lakes Aviation's Asset Turnover can be seen below:

Great Lakes Aviation Asset Turnover Chart

Great Lakes Aviation Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Asset Turnover

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1.48

1.64

1.45

0.83

Great Lakes Aviation Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Asset Turnover	Get a 7-Day Free Trial															0.24	0.23	0.20	0.18	0.17

GLUX vs MESA: Asset Turnover Comparison

For the Airlines subindustry, Great Lakes Aviation'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.

Great Lakes Aviation Asset Turnover vs Transportation Industry

For the Transportation industry and Industrials sector, Great Lakes Aviation's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Great Lakes Aviation's Asset Turnover falls into.

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Great Lakes Aviation Asset Turnover Calculation

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

Great Lakes Aviation's Asset Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Dec. 2014 )	/	( (Total Assets (A: Dec. 2013 )	+	Total Assets (A: Dec. 2014 ))	/ count )
=	59.155	/	( (77.879	+	64.262)	/ 2 )
=	59.155	/	71.0705
=	0.83

Great Lakes Aviation's Asset Turnover for the quarter that ended in Sep. 2015 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Sep. 2015 )	/	( (Total Assets (Q: Jun. 2015 )	+	Total Assets (Q: Sep. 2015 ))	/ count )
=	9.691	/	( (59.113	+	58.592)	/ 2 )
=	9.691	/	58.8525
=	0.16

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 0.17 mean?

Great Lakes Aviation (GLUX) has a Asset Turnover of 0.17 as of Sep. 2015. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Great Lakes Aviation and its competitors.

Is Great Lakes Aviation's Asset Turnover too high?

Great Lakes Aviation's current Asset Turnover is 0.17.

How does Great Lakes Aviation's Asset Turnover compare to MESA?

Great Lakes Aviation's Asset Turnover of 0.17 can be compared against companies in the Transportation 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 Transportation company?

A good Asset Turnover depends on the Transportation 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 Great Lakes Aviation and its competitors. Great Lakes Aviation's current Asset Turnover is 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Great Lakes Aviation stock overvalued right now?

Great Lakes Aviation (GLUX) has a current Asset Turnover of 0.17. The current Asset Turnover is 0.17. 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 Great Lakes Aviation (GLUX), the current Asset Turnover is 0.17 as of Sep. 2015. 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.

Great Lakes Aviation Business Description

Industry Industrials Transportation

Comparable Companies TSXV:JET BOM:532617 LSE:FJET XTAE:KNFM ASX:REX TSE:9206 JSE:COM XKLS:5238 WAR:ENT XTAE:ELAL XKRX:091810 BKK:NOK ASX:AQZ MESA XKRX:298690 BKK:AAV XKRX:272450 MIC:UTAR BKK:BA BKK:THAI

Address 1022 Airport Parkway, Cheyenne, WY, USA, 82001

Website http://www.greatlakesav.com

Great Lakes Aviation Ltd is the United States based regional airline operating as an independent carrier.