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Glacier Water Services (Glacier Water Services) Asset Turnover : 0.32 (As of Dec. 2010)


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What is Glacier Water Services Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Glacier Water Services's Revenue for the three months ended in Dec. 2010 was $23.3 Mil. Glacier Water Services's Total Assets for the quarter that ended in Dec. 2010 was $72.8 Mil. Therefore, Glacier Water Services's Asset Turnover for the quarter that ended in Dec. 2010 was 0.32.

Asset Turnover is linked to ROE % through Du Pont Formula. Glacier Water Services's annualized ROE % for the quarter that ended in Dec. 2010 was 7.00%. It is also linked to ROA % through Du Pont Formula. Glacier Water Services's annualized ROA % for the quarter that ended in Dec. 2010 was -5.24%.


Glacier Water Services Asset Turnover Historical Data

The historical data trend for Glacier Water Services'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.

Glacier Water Services Asset Turnover Chart

Glacier Water Services Annual Data
Trend Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 1.15 1.29 1.45 1.38

Glacier Water Services Quarterly Data
Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10
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 0.36 0.33 0.36 0.40 0.32

Competitive Comparison of Glacier Water Services's Asset Turnover

For the Beverages - Non-Alcoholic subindustry, Glacier Water Services'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.


Glacier Water Services's Asset Turnover Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Glacier Water Services's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Glacier Water Services's Asset Turnover falls into.



Glacier Water Services Asset Turnover Calculation

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

Glacier Water Services's Asset Turnover for the fiscal year that ended in Dec. 2010 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2010 )/( (Total Assets (A: Dec. 2009 )+Total Assets (A: Dec. 2010 ))/ count )
=100.056/( (71.498+73.845)/ 2 )
=100.056/72.6715
=1.38

Glacier Water Services's Asset Turnover for the quarter that ended in Dec. 2010 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2010 )/( (Total Assets (Q: Sep. 2010 )+Total Assets (Q: Dec. 2010 ))/ count )
=23.306/( (71.826+73.845)/ 2 )
=23.306/72.8355
=0.32

* 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.


Glacier Water Services  (OTCPK:GWSV) Asset Turnover Explanation

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

Glacier Water Services's annulized ROE % for the quarter that ended in Dec. 2010 is

ROE %**(Q: Dec. 2010 )
=Net Income/Total Stockholders Equity
=-3.82/-54.569
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3.82 / 93.224)*(93.224 / 72.8355)*(72.8355/ -54.569)
=Net Margin %*Asset Turnover*Equity Multiplier
=-4.1 %*1.2799*-1.3347
=ROA %*Equity Multiplier
=-5.24 %*-1.3347
=7.00 %

Note: The Net Income data used here is four times the quarterly (Dec. 2010) net income data. The Revenue data used here is four times the quarterly (Dec. 2010) 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:

Glacier Water Services's annulized ROA % for the quarter that ended in Dec. 2010 is

ROA %(Q: Dec. 2010 )
=Net Income/Total Assets
=-3.82/72.8355
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-3.82 / 93.224)*(93.224 / 72.8355)
=Net Margin %*Asset Turnover
=-4.1 %*1.2799
=-5.24 %

Note: The Net Income data used here is four times the quarterly (Dec. 2010) net income data. The Revenue data used here is four times the quarterly (Dec. 2010) 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.


Glacier Water Services Asset Turnover Related Terms

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Glacier Water Services (Glacier Water Services) Business Description

Traded in Other Exchanges
N/A
Address
Glacier Water Services provides drinking water that is dispensed to consumers through coin-operated, self-service, vending machines. These machines are designed, developed, and assembled by the company and they reduce impurities in the water through a combination of micron filtration, reverse osmosis, carbon adsorption, and ultraviolet sterilization. The company's machines, which are located throughout the United States, are placed primarily at supermarkets and other retail locations.
Executives
Richard A Kayne director, 10 percent owner
Kayne Anderson Capital Advisors Lp 10 percent owner 2121 AVENUE OF THE STARS, 9TH FLOOR, LOS ANGELES CA 90067
Charles A Norris director, 10 percent owner 481 DENSLOW AVE, LOS ANGELES CA 90049
Robert V Sinnott other: Former Director 1800 AVENUE OF THE STARS, 3RD FLOOR, LOS ANGELES CA 90067

Glacier Water Services (Glacier Water Services) Headlines

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