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MWB Business Exchange (LSE:MBE) Asset Turnover : 0.78 (As of Dec. 2012)


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What is MWB Business Exchange Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. MWB Business Exchange's Revenue for the six months ended in Dec. 2012 was £61.55 Mil. MWB Business Exchange's Total Assets for the quarter that ended in Dec. 2012 was £78.74 Mil. Therefore, MWB Business Exchange's Asset Turnover for the quarter that ended in Dec. 2012 was 0.78.

Asset Turnover is linked to ROE % through Du Pont Formula. MWB Business Exchange's annualized ROE % for the quarter that ended in Dec. 2012 was -21.43%. It is also linked to ROA % through Du Pont Formula. MWB Business Exchange's annualized ROA % for the quarter that ended in Dec. 2012 was -3.98%.


MWB Business Exchange Asset Turnover Historical Data

The historical data trend for MWB Business Exchange'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.

MWB Business Exchange Asset Turnover Chart

MWB Business Exchange Annual Data
Trend Jun05 Dec06 Dec07 Dec08 Dec09 Dec10 Jun11 Jun12
Asset Turnover
Get a 7-Day Free Trial 1.44 1.24 1.27 2.00 1.51

MWB Business Exchange Semi-Annual Data
Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec12
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.70 0.66 0.64 0.63 0.78

Competitive Comparison of MWB Business Exchange's Asset Turnover

For the Specialty Business Services subindustry, MWB Business Exchange'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.


MWB Business Exchange's Asset Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, MWB Business Exchange's Asset Turnover distribution charts can be found below:

* The bar in red indicates where MWB Business Exchange's Asset Turnover falls into.



MWB Business Exchange Asset Turnover Calculation

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

MWB Business Exchange's Asset Turnover for the fiscal year that ended in Jun. 2012 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2012 )/( (Total Assets (A: Jun. 2011 )+Total Assets (A: Jun. 2012 ))/ count )
=121.08/( (81.72+78.249)/ 2 )
=121.08/79.9845
=1.51

MWB Business Exchange's Asset Turnover for the quarter that ended in Dec. 2012 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2012 )/( (Total Assets (Q: Jun. 2010 )+Total Assets (Q: Dec. 2012 ))/ count )
=61.55/( (82.512+74.973)/ 2 )
=61.55/78.7425
=0.78

* 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.


MWB Business Exchange  (LSE:MBE) Asset Turnover Explanation

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

MWB Business Exchange's annulized ROE % for the quarter that ended in Dec. 2012 is

ROE %**(Q: Dec. 2012 )
=Net Income/Total Stockholders Equity
=-3.134/14.627
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3.134 / 123.1)*(123.1 / 78.7425)*(78.7425/ 14.627)
=Net Margin %*Asset Turnover*Equity Multiplier
=-2.55 %*1.5633*5.3834
=ROA %*Equity Multiplier
=-3.98 %*5.3834
=-21.43 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2012) net income data. The Revenue data used here is two times the semi-annual (Dec. 2012) 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:

MWB Business Exchange's annulized ROA % for the quarter that ended in Dec. 2012 is

ROA %(Q: Dec. 2012 )
=Net Income/Total Assets
=-3.134/78.7425
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-3.134 / 123.1)*(123.1 / 78.7425)
=Net Margin %*Asset Turnover
=-2.55 %*1.5633
=-3.98 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2012) net income data. The Revenue data used here is two times the semi-annual (Dec. 2012) 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.


MWB Business Exchange Asset Turnover Related Terms

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MWB Business Exchange (LSE:MBE) Business Description

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