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H E S Beheer NV (LTS:0OOB) Asset Turnover : 0.10 (As of Jun. 2014)


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What is H E S Beheer NV Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. H E S Beheer NV's Revenue for the six months ended in Jun. 2014 was €32.5 Mil. H E S Beheer NV's Total Assets for the quarter that ended in Jun. 2014 was €314.6 Mil. Therefore, H E S Beheer NV's Asset Turnover for the quarter that ended in Jun. 2014 was 0.10.

Asset Turnover is linked to ROE % through Du Pont Formula. H E S Beheer NV's annualized ROE % for the quarter that ended in Jun. 2014 was 12.03%. It is also linked to ROA % through Du Pont Formula. H E S Beheer NV's annualized ROA % for the quarter that ended in Jun. 2014 was 5.91%.


H E S Beheer NV Asset Turnover Historical Data

The historical data trend for H E S Beheer NV'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.

H E S Beheer NV Asset Turnover Chart

H E S Beheer NV Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.60 0.46 0.43 0.40

H E S Beheer NV Semi-Annual Data
Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.21 0.21 0.12 0.26 0.10

Competitive Comparison of H E S Beheer NV's Asset Turnover

For the Integrated Freight & Logistics subindustry, H E S Beheer NV'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.


H E S Beheer NV's Asset Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, H E S Beheer NV's Asset Turnover distribution charts can be found below:

* The bar in red indicates where H E S Beheer NV's Asset Turnover falls into.



H E S Beheer NV Asset Turnover Calculation

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

H E S Beheer NV'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 )
=97.098/( (213.128+270.141)/ 2 )
=97.098/241.6345
=0.40

H E S Beheer NV'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 )
=32.5/( (270.141+359)/ 2 )
=32.5/314.5705
=0.10

* 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.


H E S Beheer NV  (LTS:0OOB) Asset Turnover Explanation

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

H E S Beheer NV's annulized ROE % for the quarter that ended in Jun. 2014 is

ROE %**(Q: Jun. 2014 )
=Net Income/Total Stockholders Equity
=18.6/154.562
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(18.6 / 65)*(65 / 314.5705)*(314.5705/ 154.562)
=Net Margin %*Asset Turnover*Equity Multiplier
=28.62 %*0.2066*2.0352
=ROA %*Equity Multiplier
=5.91 %*2.0352
=12.03 %

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:

H E S Beheer NV's annulized ROA % for the quarter that ended in Jun. 2014 is

ROA %(Q: Jun. 2014 )
=Net Income/Total Assets
=18.6/314.5705
=(Net Income / Revenue)*(Revenue / Total Assets)
=(18.6 / 65)*(65 / 314.5705)
=Net Margin %*Asset Turnover
=28.62 %*0.2066
=5.91 %

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.


H E S Beheer NV Asset Turnover Related Terms

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H E S Beheer NV (LTS:0OOB) Business Description

Traded in Other Exchanges
N/A
Address
H.E.S. Beheer NV was formed in 1908. It is a holding company for independent subsidiaries and associated companies which provide logistic services in ports. The core activity is stevedoring, involving the loading and unloading of dry and liquid bulk products into and from seagoing vessels, coasters, lighters, trains and trucks and large-scale open-air and covered storage. Most of these bulk products are destined for industrial end-users, mainly as raw materials for the energy market, the steel and aluminium industry and the food industry. The Company is also active in the UK. One of the associates has establishments in several countries, including France, Germany, Belgium and Poland. The core activities of this company are stevedoring and inland shipping.

H E S Beheer NV (LTS:0OOB) Headlines

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