GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lehman Trikes Inc (OTCPK:LTRKF) » Definitions » Asset Turnover

Lehman Trikes (Lehman Trikes) Asset Turnover : 0.34 (As of Aug. 2011)


View and export this data going back to . Start your Free Trial

What is Lehman Trikes Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Lehman Trikes's Revenue for the three months ended in Aug. 2011 was $2.41 Mil. Lehman Trikes's Total Assets for the quarter that ended in Aug. 2011 was $7.18 Mil. Therefore, Lehman Trikes's Asset Turnover for the quarter that ended in Aug. 2011 was 0.34.

Asset Turnover is linked to ROE % through Du Pont Formula. Lehman Trikes's annualized ROE % for the quarter that ended in Aug. 2011 was 1.33%. It is also linked to ROA % through Du Pont Formula. Lehman Trikes's annualized ROA % for the quarter that ended in Aug. 2011 was 0.17%.


Lehman Trikes Asset Turnover Historical Data

The historical data trend for Lehman Trikes'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.

Lehman Trikes Asset Turnover Chart

Lehman Trikes Annual Data
Trend Nov01 Nov02 Nov03 Nov04 Nov05 Nov06 Nov07 Nov08 Nov09 Nov10
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.62 2.08 2.15 3.00 2.93

Lehman Trikes Quarterly Data
Nov06 Feb07 May07 Aug07 Nov07 Feb08 May08 Aug08 Nov08 Feb09 May09 Aug09 Nov09 Feb10 May10 Aug10 Nov10 Feb11 May11 Aug11
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 0.48 0.19 0.14 0.26 0.34

Competitive Comparison of Lehman Trikes's Asset Turnover

For the Recreational Vehicles subindustry, Lehman Trikes'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.


Lehman Trikes's Asset Turnover Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Lehman Trikes's Asset Turnover falls into.



Lehman Trikes Asset Turnover Calculation

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

Lehman Trikes's Asset Turnover for the fiscal year that ended in Nov. 2010 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Nov. 2010 )/( (Total Assets (A: Nov. 2009 )+Total Assets (A: Nov. 2010 ))/ count )
=24.979/( (10.224+6.825)/ 2 )
=24.979/8.5245
=2.93

Lehman Trikes's Asset Turnover for the quarter that ended in Aug. 2011 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Aug. 2011 )/( (Total Assets (Q: May. 2011 )+Total Assets (Q: Aug. 2011 ))/ count )
=2.41/( (7.202+7.164)/ 2 )
=2.41/7.183
=0.34

* 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.


Lehman Trikes  (OTCPK:LTRKF) Asset Turnover Explanation

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

Lehman Trikes's annulized ROE % for the quarter that ended in Aug. 2011 is

ROE %**(Q: Aug. 2011 )
=Net Income/Total Stockholders Equity
=0.012/0.9015
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(0.012 / 9.64)*(9.64 / 7.183)*(7.183/ 0.9015)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.12 %*1.3421*7.9678
=ROA %*Equity Multiplier
=0.17 %*7.9678
=1.33 %

Note: The Net Income data used here is four times the quarterly (Aug. 2011) net income data. The Revenue data used here is four times the quarterly (Aug. 2011) 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:

Lehman Trikes's annulized ROA % for the quarter that ended in Aug. 2011 is

ROA %(Q: Aug. 2011 )
=Net Income/Total Assets
=0.012/7.183
=(Net Income / Revenue)*(Revenue / Total Assets)
=(0.012 / 9.64)*(9.64 / 7.183)
=Net Margin %*Asset Turnover
=0.12 %*1.3421
=0.17 %

Note: The Net Income data used here is four times the quarterly (Aug. 2011) net income data. The Revenue data used here is four times the quarterly (Aug. 2011) 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.


Lehman Trikes Asset Turnover Related Terms

Thank you for viewing the detailed overview of Lehman Trikes's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Lehman Trikes (Lehman Trikes) Business Description

Traded in Other Exchanges
N/A
Address
The Company is engaged in design and manufacture of modern three-wheeled motorcycles.

Lehman Trikes (Lehman Trikes) Headlines

No Headlines