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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Hemagen Diagnostics's Revenue for the
three
months ended in Sep. 2012 was $0.88 Mil. Hemagen Diagnostics's Total Assets for the quarter that ended in Sep. 2012 was $2.48 Mil. Therefore, Hemagen Diagnostics's Asset Turnover for the quarter that ended in Sep. 2012 was 0.35.
Asset Turnover is linked to ROE % through Du Pont Formula. Hemagen Diagnostics's annualizedROE % for the quarter that ended in Sep. 2012 was 18.65%. It is also linked to ROA % through Du Pont Formula. Hemagen Diagnostics's annualizedROA % for the quarter that ended in Sep. 2012 was -26.27%.
Note:
The Net Income data used here is four times the quarterly (Sep. 2012) net income data. The Revenue data used here is four times the quarterly (Sep. 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:
Hemagen Diagnostics's annulizedROA % for the quarter that ended in Sep. 2012 is
Note:
The Net Income data used here is four times the quarterly (Sep. 2012) net income data. The Revenue data used here is four times the quarterly (Sep. 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.
Hemagen Diagnostics Asset Turnover Related Terms
Hemagen Diagnostics Asset Turnover Historical Data
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The historical data trend for Hemagen Diagnostics'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.
HMGN vs OBMP, NSPX, ATRX: Asset Turnover Comparison
For the Biotechnology subindustry, Hemagen Diagnostics'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.
Hemagen Diagnostics Asset Turnover vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Hemagen Diagnostics's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Hemagen Diagnostics's Asset Turnover falls into.
* 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.
Hemagen Diagnostics (HMGN) has a Asset Turnover of 0.35 as of Sep. 2012. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Hemagen Diagnostics and its competitors.
Is Hemagen Diagnostics' Asset Turnover too high?
Hemagen Diagnostics' current Asset Turnover is 0.35.
How does Hemagen Diagnostics' Asset Turnover compare to OBMP and NSPX?
Hemagen Diagnostics' Asset Turnover of 0.35 can be compared against companies in the Biotechnology 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 Biotechnology company?
A good Asset Turnover depends on the Biotechnology 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 Hemagen Diagnostics and its competitors. Hemagen Diagnostics's current Asset Turnover is 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hemagen Diagnostics stock overvalued right now?
Hemagen Diagnostics (HMGN) has a current Asset Turnover of 0.35. The current Asset Turnover is 0.35. 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 Hemagen Diagnostics (HMGN), the current Asset Turnover is 0.35 as of Sep. 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.
Hemagen Diagnostics Inc is a biotechnology company. It develops, manufactures and markets Food and Drug Administration cleared proprietary medical diagnostic test kits and components. The company's Virgo line of Immunoassays are used to aid in the diagnosis of autoimmune and infectious diseases and acute-phase proteins. The assays utilize multiple technologies including ELISA, immunofluorescence (IFA) and hemagglutination (HA). Its products include ANA Screen ELISA 96 Test System, Rubella IgG ELISA 96 Test System, AMA IFA 48 Test System and others.
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