Manganese Bronze Holdings (LSE:MNGS) Asset Turnover: 0.00 (As of Jun. 2012)

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What is Manganese Bronze Holdings Asset Turnover?

Manganese Bronze Holdings LSE:MNGS Asset Turnover is 0.00 as of Jun. 2012.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Manganese Bronze Holdings's Revenue for the three months ended in Jun. 2012 was £0.00 Mil. Manganese Bronze Holdings's Total Assets for the quarter that ended in Jun. 2012 was £55.94 Mil. Therefore, Manganese Bronze Holdings's Asset Turnover for the quarter that ended in Jun. 2012 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Manganese Bronze Holdings's annualized ROE % for the quarter that ended in Jun. 2012 was 0.00%. It is also linked to ROA % through Du Pont Formula. Manganese Bronze Holdings's annualized ROA % for the quarter that ended in Jun. 2012 was 0.00%.


Manganese Bronze Holdings  (LSE:MNGS) Asset Turnover Explanation

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

Manganese Bronze Holdings's annulized ROE % for the quarter that ended in Jun. 2012 is

ROE %**(Q: Jun. 2012 )
=Net Income/Total Stockholders Equity
=0/11.1285
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(0 / 0)*(0 / 55.942)*(55.942/ 11.1285)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*5.0269
=ROA %*Equity Multiplier
=0.00 %*5.0269
=0.00 %

Note: The Net Income data used here is four times the quarterly (Jun. 2012) net income data. The Revenue data used here is four times the quarterly (Jun. 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:

Manganese Bronze Holdings's annulized ROA % for the quarter that ended in Jun. 2012 is

ROA %(Q: Jun. 2012 )
=Net Income/Total Assets
=0/55.942
=(Net Income / Revenue)*(Revenue / Total Assets)
=(0 / 0)*(0 / 55.942)
=Net Margin %*Asset Turnover
= %*0
=0.00 %

Note: The Net Income data used here is four times the quarterly (Jun. 2012) net income data. The Revenue data used here is four times the quarterly (Jun. 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.


Manganese Bronze Holdings Asset Turnover Related Terms


Manganese Bronze Holdings Asset Turnover Historical Data

* Premium members only.

The historical data trend for Manganese Bronze Holdings'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.

Manganese Bronze Holdings Asset Turnover Chart

Manganese Bronze Holdings Annual Data
Trend Jul02 Jul03 Jul04 Jul05 Jul06 Dec07 Dec08 Dec09 Dec10 Dec11
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.20 1.20 1.26 1.19 1.30

Manganese Bronze Holdings Quarterly Data
Jan02 Jan03 Jan04 Jan05 Jan06 Jan07 Jun08 Jun09 Jun10 Jun11 Jun12
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Manganese Bronze Holdings Asset Turnover Competitor Comparison

For the Auto Manufacturers subindustry, Manganese Bronze Holdings'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.


Manganese Bronze Holdings Asset Turnover vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Manganese Bronze Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Manganese Bronze Holdings's Asset Turnover falls into.



Manganese Bronze Holdings Asset Turnover Calculation

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

Manganese Bronze Holdings's Asset Turnover for the fiscal year that ended in Dec. 2011 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2011 )/( (Total Assets (A: Dec. 2010 )+Total Assets (A: Dec. 2011 ))/ count )
=74.98/( (59.69+55.807)/ 2 )
=74.98/57.7485
=1.30

Manganese Bronze Holdings's Asset Turnover for the quarter that ended in Jun. 2012 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2012 )/( (Total Assets (Q: Jun. 2011 )+Total Assets (Q: Jun. 2012 ))/ count )
=0/( (54.282+57.602)/ 2 )
=0/55.942
=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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.00 mean?
Manganese Bronze Holdings (LSE:MNGS) has a Asset Turnover of 0.00 as of Jun. 2012. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Manganese Bronze Holdings and its competitors.
Is Manganese Bronze Holdings' Asset Turnover too high?
Manganese Bronze Holdings' current Asset Turnover is 0.00.
How does Manganese Bronze Holdings' Asset Turnover compare to competitors?
Manganese Bronze Holdings' Asset Turnover of 0.00 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Asset Turnover depends on the Vehicles & Parts 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 Manganese Bronze Holdings and its competitors. Manganese Bronze Holdings's current Asset Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manganese Bronze Holdings stock overvalued right now?
Manganese Bronze Holdings (LSE:MNGS) has a current Asset Turnover of 0.00. The current Asset Turnover is 0.00. 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 Manganese Bronze Holdings (LSE:MNGS), the current Asset Turnover is 0.00 as of Jun. 2012. 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.

Manganese Bronze Holdings Business Description

Manganese Bronze Holdings PLC provides automotive and taxi services in the UK. It is currently organised into three operating divisions - vehicle sales, vehicle services, and Shanghai LTI. The vehicle sales segment includes the design, development, assembly, and retailing of new purpose-built taxis, along with the sale of used vehicles taken in part exchange, parts, and vehicle maintenance. The vehicle services segment comprises taxi finance. The Shanghai LTI segment is the joint venture based in Shanghai, China, which assembles the London Taxi under license from the company. The company's operations are located in the United Kingdom and China.