GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Kayne Anderson Energy Development Co (NYSE:KED) » Definitions » Asset Turnover

Kayne Anderson Energy Development Co (Kayne Anderson Energy Development Co) Asset Turnover : 0.10 (As of May. 2018)


View and export this data going back to 2006. Start your Free Trial

What is Kayne Anderson Energy Development Co Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Kayne Anderson Energy Development Co's Revenue for the six months ended in May. 2018 was $30.43 Mil. Kayne Anderson Energy Development Co's Total Assets for the quarter that ended in May. 2018 was $294.42 Mil. Therefore, Kayne Anderson Energy Development Co's Asset Turnover for the quarter that ended in May. 2018 was 0.10.

Asset Turnover is linked to ROE % through Du Pont Formula. Kayne Anderson Energy Development Co's annualized ROE % for the quarter that ended in May. 2018 was 29.49%. It is also linked to ROA % through Du Pont Formula. Kayne Anderson Energy Development Co's annualized ROA % for the quarter that ended in May. 2018 was 18.38%.


Kayne Anderson Energy Development Co Asset Turnover Historical Data

The historical data trend for Kayne Anderson Energy Development Co'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.

Kayne Anderson Energy Development Co Asset Turnover Chart

Kayne Anderson Energy Development Co Annual Data
Trend Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16 Nov17
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.13 -0.28 0.09 -0.02

Kayne Anderson Energy Development Co Semi-Annual Data
May08 Nov08 May09 Nov09 May10 Nov10 Nov11 May12 Nov12 May13 Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18
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 0.03 0.06 0.02 -0.04 0.10

Competitive Comparison of Kayne Anderson Energy Development Co's Asset Turnover

For the Asset Management subindustry, Kayne Anderson Energy Development Co'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.


Kayne Anderson Energy Development Co's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Kayne Anderson Energy Development Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Kayne Anderson Energy Development Co's Asset Turnover falls into.



Kayne Anderson Energy Development Co Asset Turnover Calculation

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

Kayne Anderson Energy Development Co's Asset Turnover for the fiscal year that ended in Nov. 2017 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Nov. 2017 )/( (Total Assets (A: Nov. 2016 )+Total Assets (A: Nov. 2017 ))/ count )
=-7.271/( (345.976+289.152)/ 2 )
=-7.271/317.564
=-0.02

Kayne Anderson Energy Development Co's Asset Turnover for the quarter that ended in May. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: May. 2018 )/( (Total Assets (Q: Nov. 2017 )+Total Assets (Q: May. 2018 ))/ count )
=30.433/( (289.152+299.686)/ 2 )
=30.433/294.419
=0.10

* 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.


Kayne Anderson Energy Development Co  (NYSE:KED) Asset Turnover Explanation

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

Kayne Anderson Energy Development Co's annulized ROE % for the quarter that ended in May. 2018 is

ROE %**(Q: May. 2018 )
=Net Income/Total Stockholders Equity
=54.108/183.503
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(54.108 / 60.866)*(60.866 / 294.419)*(294.419/ 183.503)
=Net Margin %*Asset Turnover*Equity Multiplier
=88.9 %*0.2067*1.6044
=ROA %*Equity Multiplier
=18.38 %*1.6044
=29.49 %

Note: The Net Income data used here is two times the semi-annual (May. 2018) net income data. The Revenue data used here is two times the semi-annual (May. 2018) 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:

Kayne Anderson Energy Development Co's annulized ROA % for the quarter that ended in May. 2018 is

ROA %(Q: May. 2018 )
=Net Income/Total Assets
=54.108/294.419
=(Net Income / Revenue)*(Revenue / Total Assets)
=(54.108 / 60.866)*(60.866 / 294.419)
=Net Margin %*Asset Turnover
=88.9 %*0.2067
=18.38 %

Note: The Net Income data used here is two times the semi-annual (May. 2018) net income data. The Revenue data used here is two times the semi-annual (May. 2018) 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.


Kayne Anderson Energy Development Co Asset Turnover Related Terms

Thank you for viewing the detailed overview of Kayne Anderson Energy Development Co's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Kayne Anderson Energy Development Co (Kayne Anderson Energy Development Co) Business Description

Traded in Other Exchanges
N/A
Address
Kayne Anderson Energy Development Co is a non-diversified, closed-end fund. Its objective is to generate current income and capital appreciation through equity and debt investments. The fund seeks to achieve this objective by investing at least 80% of its total assets in securities of Energy companies. A key focus area for the company's investments is equity and debt investments in private and public entities structured as Ltd partnerships. In addition, it also owns equity and debt investments in Upstream, Midstream and Other Energy companies. Geographically all the operation is functioned through the region of US.
Executives
Richard A Kayne 10 percent owner, other: CEO of Member/Manager of IA
William R Cordes director 17237 HOWARD PLAZA, OMAHA NE 68118
Alan Boswell officer: VICE PRESIDENT 811 MAIN STREET, 14TH FLOOR, HOUSTON TX 77002
Terry A Hart officer: Treasurer and CFO 1000 LOUISIANA STREET SUITE 5800, HOUSTON TX 77002
Prudential Insurance Co Of America 10 percent owner 751 BROAD STREET, NEWARK NJ 07102
Prudential Financial Inc 10 percent owner 751 BROAD ST, NEWARK NJ 07102
James C Baker officer: Vice President C/O KAYNE ANDERSON CAPITAL ADVISORS, L.P, 1800 AVENUE OF THE STARS, THIRD FLOOR, LOS ANGELES CA 90067
Jody Meraz officer: Vice President 717 TEXAS AVENUE, SUITE 3100, HOUSTON TX 77002
Ka Holdings Inc 10 percent owner, other: Affiliate / Investment Adviser 1800 AVENUE OF THE STARS, 2ND FLOOR, LOS ANGELES CA 90067
Kevin S Mccarthy director, officer: President, CEO, Chairman C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
John Daley other: Investment Adviser CFO C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
John Anderson 10 percent owner, other: Affiliate / Investment Adviser C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
Robert Sinnott director C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
William L Thacker director 94 WEDGEWOOD DR. W., MONTGOMERY TX 77366
Barry R Pearl director P.O. BOX 2521, HOUSTON TX 77252-2521

Kayne Anderson Energy Development Co (Kayne Anderson Energy Development Co) Headlines

From GuruFocus