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Pan European Terminals (LSE:PANA) Asset Turnover : 0.21 (As of Dec. 2013)


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What is Pan European Terminals Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Pan European Terminals's Revenue for the six months ended in Dec. 2013 was £7.86 Mil. Pan European Terminals's Total Assets for the quarter that ended in Dec. 2013 was £38.15 Mil. Therefore, Pan European Terminals's Asset Turnover for the quarter that ended in Dec. 2013 was 0.21.

Asset Turnover is linked to ROE % through Du Pont Formula. Pan European Terminals's annualized ROE % for the quarter that ended in Dec. 2013 was -142.84%. It is also linked to ROA % through Du Pont Formula. Pan European Terminals's annualized ROA % for the quarter that ended in Dec. 2013 was -100.33%.


Pan European Terminals Asset Turnover Historical Data

The historical data trend for Pan European Terminals'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.

Pan European Terminals Asset Turnover Chart

Pan European Terminals Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Asset Turnover
Get a 7-Day Free Trial Premium Member Only 0.33 0.20 0.39 0.45 0.41

Pan European Terminals Semi-Annual Data
Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13
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 0.23 0.27 0.18 0.15 0.21

Competitive Comparison of Pan European Terminals's Asset Turnover

For the Oil & Gas Drilling subindustry, Pan European Terminals'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.


Pan European Terminals's Asset Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pan European Terminals's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Pan European Terminals's Asset Turnover falls into.



Pan European Terminals Asset Turnover Calculation

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

Pan European Terminals'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 )
=15.253/( (47.632+26.883)/ 2 )
=15.253/37.2575
=0.41

Pan European Terminals's Asset Turnover for the quarter that ended in Dec. 2013 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2013 )/( (Total Assets (Q: Jun. 2013 )+Total Assets (Q: Dec. 2013 ))/ count )
=7.855/( (49.413+26.883)/ 2 )
=7.855/38.148
=0.21

* 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.


Pan European Terminals  (LSE:PANA) Asset Turnover Explanation

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

Pan European Terminals's annulized ROE % for the quarter that ended in Dec. 2013 is

ROE %**(Q: Dec. 2013 )
=Net Income/Total Stockholders Equity
=-38.272/26.793
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-38.272 / 15.71)*(15.71 / 38.148)*(38.148/ 26.793)
=Net Margin %*Asset Turnover*Equity Multiplier
=-243.62 %*0.4118*1.4238
=ROA %*Equity Multiplier
=-100.33 %*1.4238
=-142.84 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2013) net income data. The Revenue data used here is two times the semi-annual (Dec. 2013) 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:

Pan European Terminals's annulized ROA % for the quarter that ended in Dec. 2013 is

ROA %(Q: Dec. 2013 )
=Net Income/Total Assets
=-38.272/38.148
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-38.272 / 15.71)*(15.71 / 38.148)
=Net Margin %*Asset Turnover
=-243.62 %*0.4118
=-100.33 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2013) net income data. The Revenue data used here is two times the semi-annual (Dec. 2013) 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.


Pan European Terminals Asset Turnover Related Terms

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Pan European Terminals (LSE:PANA) Business Description

Traded in Other Exchanges
N/A
Address
Pan European Terminals PLC is incorporated in United Kingdom. The Company is engaged in the development and operation of hydrocarbon transhipment terminals in the Netherlands, Denmark and the Russian Federation. It also leases and operates tanks in Rotterdam. The Company also carries out trading in refined products.

Pan European Terminals (LSE:PANA) Headlines