LEON (Leone Asset Management) Asset Turnover: 0.08 (As of Dec. 2018)


What is Leone Asset Management Asset Turnover?

Leone Asset Management LEON -0.55% Asset Turnover is 0.08 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. Leone Asset Management's Revenue for the three months ended in Dec. 2018 was $0.07 Mil. Leone Asset Management's Total Assets for the quarter that ended in Dec. 2018 was $0.80 Mil. Therefore, Leone Asset Management's Asset Turnover for the quarter that ended in Dec. 2018 was 0.08.

Asset Turnover is linked to ROE % through Du Pont Formula. Leone Asset Management's annualized ROE % for the quarter that ended in Dec. 2018 was 8,080.29%. It is also linked to ROA % through Du Pont Formula. Leone Asset Management's annualized ROA % for the quarter that ended in Dec. 2018 was -5,510.89%.

Leone Asset Management  (OTCPK:LEON) Asset Turnover Explanation

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

Leone Asset Management's annulized ROE % for the quarter that ended in Dec. 2018 is

ROE %**(Q: Dec. 2018 )
=Net Income/Total Stockholders Equity
=-44.28/-0.548
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-44.28 / 0.268)*(0.268 / 0.8035)*(0.8035/ -0.548)
=Net Margin %*Asset Turnover*Equity Multiplier
=-16522.39 %*0.3335*-1.4662
=ROA %*Equity Multiplier
=-5,510.89 %*-1.4662
=8,080.29 %

Note: The Net Income data used here is four times the quarterly (Dec. 2018) net income data. The Revenue data used here is four times the quarterly (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:

Leone Asset Management's annulized ROA % for the quarter that ended in Dec. 2018 is

ROA %(Q: Dec. 2018 )
=Net Income/Total Assets
=-44.28/0.8035
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-44.28 / 0.268)*(0.268 / 0.8035)
=Net Margin %*Asset Turnover
=-16522.39 %*0.3335
=-5,510.89 %

Note: The Net Income data used here is four times the quarterly (Dec. 2018) net income data. The Revenue data used here is four times the quarterly (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.

Leone Asset Management Asset Turnover Related Terms

Leone Asset Management Asset Turnover Historical Data

* Premium members only.

The historical data trend for Leone Asset Management'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.

Leone Asset Management Asset Turnover Chart

Leone Asset Management Annual Data
Trend Dec07 Dec08 Dec09 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.09 1.15 0.43

Leone Asset Management Quarterly Data
Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar13 Dec13 Dec14 Dec15 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 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 0.19 0.14 0.05 0.04 0.08

LEON vs PTMN, TZAC, AINC: Asset Turnover Comparison

For the Conglomerates subindustry, Leone Asset Management'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.

Leone Asset Management Asset Turnover vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Leone Asset Management's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Leone Asset Management's Asset Turnover falls into.


Leone Asset Management Asset Turnover Calculation

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

Leone Asset Management'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 )
=0.233/( (0.316+0.772)/ 2 )
=0.233/0.544
=0.43

Leone Asset Management'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: Sep. 2018 )+Total Assets (Q: Dec. 2018 ))/ count )
=0.067/( (0.835+0.772)/ 2 )
=0.067/0.8035
=0.08

* 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 0.08 mean?
Leone Asset Management (LEON) has a Asset Turnover of 0.08 as of Dec. 2018. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Leone Asset Management and its competitors.
Is Leone Asset Management's Asset Turnover too high?
Leone Asset Management's current Asset Turnover is 0.08.
How does Leone Asset Management's Asset Turnover compare to PTMN and TZAC?
Leone Asset Management's Asset Turnover of 0.08 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Asset Turnover depends on the Conglomerates 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 Leone Asset Management and its competitors. Leone Asset Management's current Asset Turnover is 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leone Asset Management stock overvalued right now?
Leone Asset Management (LEON) has a current Asset Turnover of 0.08. The current Asset Turnover is 0.08. 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 Leone Asset Management (LEON), the current Asset Turnover is 0.08 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.

Leone Asset Management Business Description

Address 801 West Bay Drive, Suite 715, Largo, FL, USA, 33770
Leone Asset Management Inc is a multi-national, multi-industry conglomerate with subsidiary companies that operate in Health and Wellness and agriculture management. The company's project management services include infrastructure development, agricultural management, and rare earth mineral exploration.