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Blackrock Hedge Selector (LSE:BHUE) Asset Turnover : 0.00 (As of Jun. 2014)


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What is Blackrock Hedge Selector Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Blackrock Hedge Selector's Revenue for the six months ended in Jun. 2014 was £0.00 Mil. Blackrock Hedge Selector's Total Assets for the quarter that ended in Jun. 2014 was £37.35 Mil. Therefore, Blackrock Hedge Selector's Asset Turnover for the quarter that ended in Jun. 2014 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Blackrock Hedge Selector's annualized ROE % for the quarter that ended in Jun. 2014 was -0.78%. It is also linked to ROA % through Du Pont Formula. Blackrock Hedge Selector's annualized ROA % for the quarter that ended in Jun. 2014 was -0.77%.


Blackrock Hedge Selector Asset Turnover Historical Data

The historical data trend for Blackrock Hedge Selector'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.

Blackrock Hedge Selector Asset Turnover Chart

Blackrock Hedge Selector Annual Data
Trend Dec10 Dec11 Dec12 Dec13
Asset Turnover
- - - -

Blackrock Hedge Selector Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14
Asset Turnover Get a 7-Day Free Trial - - - - -

Competitive Comparison of Blackrock Hedge Selector's Asset Turnover

For the subindustry, Blackrock Hedge Selector'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.


Blackrock Hedge Selector's Asset Turnover Distribution in the Industry

For the industry and sector, Blackrock Hedge Selector's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Blackrock Hedge Selector's Asset Turnover falls into.



Blackrock Hedge Selector Asset Turnover Calculation

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

Blackrock Hedge Selector's Asset Turnover for the fiscal year that ended in Dec. 2013 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2013 )/( (Total Assets (A: Dec. 2012 )+Total Assets (A: Dec. 2013 ))/ count )
=0.003/( (61.467+40.758)/ 2 )
=0.003/51.1125
=0.00

Blackrock Hedge Selector's Asset Turnover for the quarter that ended in Jun. 2014 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2014 )/( (Total Assets (Q: Dec. 2013 )+Total Assets (Q: Jun. 2014 ))/ count )
=0/( (40.758+33.936)/ 2 )
=0/37.347
=0.00

* 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.


Blackrock Hedge Selector  (LSE:BHUE) Asset Turnover Explanation

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

Blackrock Hedge Selector's annulized ROE % for the quarter that ended in Jun. 2014 is

ROE %**(Q: Jun. 2014 )
=Net Income/Total Stockholders Equity
=-0.288/37.1105
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.288 / 0)*(0 / 37.347)*(37.347/ 37.1105)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.0064
=ROA %*Equity Multiplier
=-0.77 %*1.0064
=-0.78 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2014) net income data. The Revenue data used here is two times the semi-annual (Jun. 2014) 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:

Blackrock Hedge Selector's annulized ROA % for the quarter that ended in Jun. 2014 is

ROA %(Q: Jun. 2014 )
=Net Income/Total Assets
=-0.288/37.347
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.288 / 0)*(0 / 37.347)
=Net Margin %*Asset Turnover
= %*0
=-0.77 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2014) net income data. The Revenue data used here is two times the semi-annual (Jun. 2014) 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.


Blackrock Hedge Selector Asset Turnover Related Terms

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Blackrock Hedge Selector (LSE:BHUE) Business Description

Traded in Other Exchanges
N/A
Address
BlackRock Hedge Selector Ltd is a closed-ended investment company incorporated in Jersey on 17 August 2009. This fund was launched on 28 September 2009, initially offering two share classes; the UK Emerging Companies Shares, which invest directly into the BlackRock UK Emerging Companies Hedge Fund and the Cash Fund Shares, which invest directly into the BlackRock Institutional Sterling Liquidity Fund. The investment objective of the Hedge Fund is to seek to maximise total returns by investing in mid and small cap UK equities, whilst limiting correlation with the UK equity market. The investment objective of the Liquidity Fund is to maximise current income consistent with preservation of principal and liquidity by the maintenance of a portfolio of high quality short-term "money market" instruments.

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