KLMR (KLM Royal Dutch Airlines) Asset Turnover: 0.96 (As of Dec. 2018)


What is KLM Royal Dutch Airlines Asset Turnover?

KLM Royal Dutch Airlines KLMR Asset Turnover is 0.96 as of Dec. 2018.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. KLM Royal Dutch Airlines's Revenue for the six months ended in Dec. 2018 was $12,463.03 Mil. KLM Royal Dutch Airlines's Total Assets for the quarter that ended in Dec. 2018 was $12,926.19 Mil. Therefore, KLM Royal Dutch Airlines's Asset Turnover for the quarter that ended in Dec. 2018 was 0.96.

Asset Turnover is linked to ROE % through Du Pont Formula. KLM Royal Dutch Airlines's annualized ROE % for the quarter that ended in Dec. 2018 was 123.14%. It is also linked to ROA % through Du Pont Formula. KLM Royal Dutch Airlines's annualized ROA % for the quarter that ended in Dec. 2018 was 10.07%.


KLM Royal Dutch Airlines  (OTCPK:KLMR) Asset Turnover Explanation

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

KLM Royal Dutch Airlines's annulized ROE % for the quarter that ended in Dec. 2018 is

ROE %**(Q: Dec. 2018 )
=Net Income/Total Stockholders Equity
=1301.478/1056.8795
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1301.478 / 24926.052)*(24926.052 / 12926.1905)*(12926.1905/ 1056.8795)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.22 %*1.9283*12.2305
=ROA %*Equity Multiplier
=10.07 %*12.2305
=123.14 %

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

KLM Royal Dutch Airlines's annulized ROA % for the quarter that ended in Dec. 2018 is

ROA %(Q: Dec. 2018 )
=Net Income/Total Assets
=1301.478/12926.1905
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1301.478 / 24926.052)*(24926.052 / 12926.1905)
=Net Margin %*Asset Turnover
=5.22 %*1.9283
=10.07 %

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


KLM Royal Dutch Airlines Asset Turnover Related Terms


KLM Royal Dutch Airlines Asset Turnover Historical Data

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The historical data trend for KLM Royal Dutch Airlines'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.

KLM Royal Dutch Airlines Asset Turnover Chart

KLM Royal Dutch Airlines Annual Data
Trend Mar04 Mar05 Mar06 Mar07 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 1.08 1.09 1.09 0.96

KLM Royal Dutch Airlines Semi-Annual Data
Mar94 Mar95 Mar96 Mar97 Mar98 Mar99 Mar00 Mar01 Mar02 Mar03 Mar04 Mar05 Mar06 Mar07 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
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 1.01 1.08 1.09 1.09 0.96

KLMR vs : Asset Turnover Comparison

For the Airlines subindustry, KLM Royal Dutch Airlines'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.


KLM Royal Dutch Airlines Asset Turnover vs Transportation Industry

For the Transportation industry and Industrials sector, KLM Royal Dutch Airlines's Asset Turnover distribution charts can be found below:

* The bar in red indicates where KLM Royal Dutch Airlines's Asset Turnover falls into.



KLM Royal Dutch Airlines Asset Turnover Calculation

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

KLM Royal Dutch Airlines's Asset Turnover for the fiscal year that ended in Dec. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2018 )/( (Total Assets (A: Dec. 2017 )+Total Assets (A: Dec. 2018 ))/ count )
=12463.026/( (13213.018+12639.363)/ 2 )
=12463.026/12926.1905
=0.96

KLM Royal Dutch Airlines's Asset Turnover for the quarter that ended in Dec. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2018 )/( (Total Assets (Q: Dec. 2017 )+Total Assets (Q: Dec. 2018 ))/ count )
=12463.026/( (13213.018+12639.363)/ 2 )
=12463.026/12926.1905
=0.96

* 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 0.96 mean?
KLM Royal Dutch Airlines (KLMR) has a Asset Turnover of 0.96 as of Dec. 2018. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on KLM Royal Dutch Airlines and its competitors.
Is KLM Royal Dutch Airlines' Asset Turnover too high?
KLM Royal Dutch Airlines' current Asset Turnover is 0.96.
How does KLM Royal Dutch Airlines' Asset Turnover compare to ?
KLM Royal Dutch Airlines' Asset Turnover of 0.96 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 KLM Royal Dutch Airlines and its competitors. KLM Royal Dutch Airlines's current Asset Turnover is 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KLM Royal Dutch Airlines stock overvalued right now?
KLM Royal Dutch Airlines (KLMR) has a current Asset Turnover of 0.96. The current Asset Turnover is 0.96. 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 KLM Royal Dutch Airlines (KLMR), the current Asset Turnover is 0.96 as of Dec. 2018. 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.

KLM Royal Dutch Airlines Business Description

Comparable Companies
Address Amsterdamseweg 55, Amstelveen, NH, NLD, 1182 GP
KLM Royal Dutch Airlines is engaged in network activities, which include air transport of passengers and cargo activities, aircraft maintenance, leisure, and other activities linked to air transport. Its segments are: Network, which generates maximum revenue and includes transportation of passengers on scheduled flights, ancillary passenger revenues, SkyTeam alliance partnership arrangements, block-seat sales, transportation of freight, and sale of cargo capacity to third parties; Maintenance, which provides engine services, component services, and airframe maintenance to airlines and clients internationally; Leisure, which covers charter flights and low-cost scheduled flights operated by transavia.com; and Other segment. It generates maximum revenue from Europe and North Africa.