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Linear Technology (Linear Technology) Asset Turnover : 0.17 (As of Dec. 2016)


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What is Linear Technology Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Linear Technology's Revenue for the three months ended in Dec. 2016 was $376 Mil. Linear Technology's Total Assets for the quarter that ended in Dec. 2016 was $2,158 Mil. Therefore, Linear Technology's Asset Turnover for the quarter that ended in Dec. 2016 was 0.17.

Asset Turnover is linked to ROE % through Du Pont Formula. Linear Technology's annualized ROE % for the quarter that ended in Dec. 2016 was 26.91%. It is also linked to ROA % through Du Pont Formula. Linear Technology's annualized ROA % for the quarter that ended in Dec. 2016 was 22.98%.


Linear Technology Asset Turnover Historical Data

The historical data trend for Linear Technology'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.

Linear Technology Asset Turnover Chart

Linear Technology Annual Data
Trend Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.73 0.65 0.74 0.83 0.72

Linear Technology Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
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 0.18 0.18 0.18 0.18 0.17

Competitive Comparison of Linear Technology's Asset Turnover

For the Semiconductors subindustry, Linear Technology'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.


Linear Technology's Asset Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Linear Technology's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Linear Technology's Asset Turnover falls into.



Linear Technology Asset Turnover Calculation

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

Linear Technology's Asset Turnover for the fiscal year that ended in Jun. 2016 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2016 )/( (Total Assets (A: Jun. 2015 )+Total Assets (A: Jun. 2016 ))/ count )
=1423.936/( (1884.079+2049.981)/ 2 )
=1423.936/1967.03
=0.72

Linear Technology's Asset Turnover for the quarter that ended in Dec. 2016 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2016 )/( (Total Assets (Q: Sep. 2016 )+Total Assets (Q: Dec. 2016 ))/ count )
=375.817/( (2125.396+2191.481)/ 2 )
=375.817/2158.4385
=0.17

* 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.


Linear Technology  (NAS:LLTC) Asset Turnover Explanation

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

Linear Technology's annulized ROE % for the quarter that ended in Dec. 2016 is

ROE %**(Q: Dec. 2016 )
=Net Income/Total Stockholders Equity
=495.944/1843.2065
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(495.944 / 1503.268)*(1503.268 / 2158.4385)*(2158.4385/ 1843.2065)
=Net Margin %*Asset Turnover*Equity Multiplier
=32.99 %*0.6965*1.171
=ROA %*Equity Multiplier
=22.98 %*1.171
=26.91 %

Note: The Net Income data used here is four times the quarterly (Dec. 2016) net income data. The Revenue data used here is four times the quarterly (Dec. 2016) 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:

Linear Technology's annulized ROA % for the quarter that ended in Dec. 2016 is

ROA %(Q: Dec. 2016 )
=Net Income/Total Assets
=495.944/2158.4385
=(Net Income / Revenue)*(Revenue / Total Assets)
=(495.944 / 1503.268)*(1503.268 / 2158.4385)
=Net Margin %*Asset Turnover
=32.99 %*0.6965
=22.98 %

Note: The Net Income data used here is four times the quarterly (Dec. 2016) net income data. The Revenue data used here is four times the quarterly (Dec. 2016) 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.


Linear Technology Asset Turnover Related Terms

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Linear Technology (Linear Technology) Business Description

Traded in Other Exchanges
N/A
Address
Linear Technology designs and manufactures standard high-performance analog integrated circuits for a diverse customer base spanning industrial, automotive, communications, and high-end consumer electronics. The firm offers thousands of analog products to tens of thousands of original equipment manufacturers globally. Most of its products support functions such as power management, data interface, and conversion. International markets account for the lion's share of Linear's revenue.
Executives
Steve Pietkiewicz officer: VP & GM Power Business Unit 1630 MCCARTHY BLVD., MILPITAS CA 95035
Swanson Robert H Jr director, officer: Executive Chair 1630 MCCARTHY BLVD, MILPITAS CA 95035
Lothar Maier director, officer: CEO 1630 MCCARTHY BLVD, MILPITAS CA 95035