JOEY (Joey New York) Asset Turnover: 0.45 (As of May. 2017)


What is Joey New York Asset Turnover?

Joey New York JOEY Asset Turnover is 0.45 as of May. 2017.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Joey New York's Revenue for the three months ended in May. 2017 was $0.14 Mil. Joey New York's Total Assets for the quarter that ended in May. 2017 was $0.31 Mil. Therefore, Joey New York's Asset Turnover for the quarter that ended in May. 2017 was 0.45.

Asset Turnover is linked to ROE % through Du Pont Formula. Joey New York's annualized ROE % for the quarter that ended in May. 2017 was 112.57%. It is also linked to ROA % through Du Pont Formula. Joey New York's annualized ROA % for the quarter that ended in May. 2017 was -1,879.87%.

Joey New York  (OTCPK:JOEY) Asset Turnover Explanation

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

Joey New York's annulized ROE % for the quarter that ended in May. 2017 is

ROE %**(Q: May. 2017 )
=Net Income/Total Stockholders Equity
=-5.884/-5.227
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-5.884 / 0.568)*(0.568 / 0.313)*(0.313/ -5.227)
=Net Margin %*Asset Turnover*Equity Multiplier
=-1035.92 %*1.8147*-0.0599
=ROA %*Equity Multiplier
=-1,879.87 %*-0.0599
=112.57 %

Note: The Net Income data used here is four times the quarterly (May. 2017) net income data. The Revenue data used here is four times the quarterly (May. 2017) 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:

Joey New York's annulized ROA % for the quarter that ended in May. 2017 is

ROA %(Q: May. 2017 )
=Net Income/Total Assets
=-5.884/0.313
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-5.884 / 0.568)*(0.568 / 0.313)
=Net Margin %*Asset Turnover
=-1035.92 %*1.8147
=-1,879.87 %

Note: The Net Income data used here is four times the quarterly (May. 2017) net income data. The Revenue data used here is four times the quarterly (May. 2017) 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.

Joey New York Asset Turnover Related Terms

Joey New York Asset Turnover Historical Data

* Premium members only.

The historical data trend for Joey New York'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.

Joey New York Asset Turnover Chart

Joey New York Annual Data
Trend Feb12 Feb13 Feb14 Feb15 Feb16 Feb17
Asset Turnover
Get a 7-Day Free Trial 0.00 0.00 3.54 1.13 2.12

Joey New York Quarterly Data
Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17
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 0.00 0.32 0.63 0.64 0.45

JOEY vs DEVV, SKVI, TISUQ: Asset Turnover Comparison

For the Household & Personal Products subindustry, Joey New York'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.

Joey New York Asset Turnover vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Joey New York's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Joey New York's Asset Turnover falls into.


Joey New York Asset Turnover Calculation

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

Joey New York's Asset Turnover for the fiscal year that ended in Feb. 2017 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Feb. 2017 )/( (Total Assets (A: Feb. 2016 )+Total Assets (A: Feb. 2017 ))/ count )
=0.467/( (0.055+0.386)/ 2 )
=0.467/0.2205
=2.12

Joey New York's Asset Turnover for the quarter that ended in May. 2017 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: May. 2017 )/( (Total Assets (Q: Feb. 2017 )+Total Assets (Q: May. 2017 ))/ count )
=0.142/( (0.386+0.24)/ 2 )
=0.142/0.313
=0.45

* 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 0.45 mean?
Joey New York (JOEY) has a Asset Turnover of 0.45 as of May. 2017. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Joey New York and its competitors.
Is Joey New York's Asset Turnover too high?
Joey New York's current Asset Turnover is 0.45.
How does Joey New York's Asset Turnover compare to DEVV and SKVI?
Joey New York's Asset Turnover of 0.45 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Asset Turnover depends on the Consumer Packaged Goods 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 Joey New York and its competitors. Joey New York's current Asset Turnover is 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Joey New York stock overvalued right now?
Joey New York (JOEY) has a current Asset Turnover of 0.45. The current Asset Turnover is 0.45. 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 Joey New York (JOEY), the current Asset Turnover is 0.45 as of May. 2017. 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.

Joey New York Business Description

Address 16001 Collins Avenue Number 3202, Trump Tower I, Sunny Isles Beach, FL, USA, 33160
Joey New York Inc through its wholly-owned subsidiary distributes natural skincare and beauty products on wholesale and retail levels. It offers skincare treatments and beauty enhancements that are health conscious, effective and affordable under the Joey New York brand name. Geographically, it operates through the United States and its business is amplifying internationally due to the Increasing demand for organic and natural cosmetic products.