Bac Majestic (LTS:0QCU) Asset Turnover: 0.15 (As of Jun. 2015)

What is Bac Majestic Asset Turnover?

Bac Majestic LTS:0QCU Asset Turnover is 0.15 as of Jun. 2015. The stock has 1 warning sign investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Bac Majestic's Revenue for the six months ended in Jun. 2015 was €0.40 Mil. Bac Majestic's Total Assets for the quarter that ended in Jun. 2015 was €2.61 Mil. Therefore, Bac Majestic's Asset Turnover for the quarter that ended in Jun. 2015 was 0.15.

Asset Turnover is linked to ROE % through Du Pont Formula. Bac Majestic's annualized ROE % for the quarter that ended in Jun. 2015 was 0.22%. It is also linked to ROA % through Du Pont Formula. Bac Majestic's annualized ROA % for the quarter that ended in Jun. 2015 was -0.77%.

Bac Majestic (LTS:0QCU) Asset Turnover Explanation

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

Bac Majestic's annulized ROE % for the quarter that ended in Jun. 2015 is

	ROE %^**		(Q: Jun. 2015 )
=	Net Income	/	Total Stockholders Equity
=	-0.02	/	-9.246
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-0.02 / 0.79)	*	(0.79 / 2.609)	*	(2.609/ -9.246)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-2.53 %	*	0.3028	*	-0.2822
=	ROA %	*	Equity Multiplier
=	-0.77 %	*	-0.2822
=	0.22 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2015) net income data. The Revenue data used here is two times the semi-annual (Jun. 2015) 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:

Bac Majestic's annulized ROA % for the quarter that ended in Jun. 2015 is

	ROA %		(Q: Jun. 2015 )
=	Net Income	/	Total Assets
=	-0.02	/	2.609
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-0.02 / 0.79)	*	(0.79 / 2.609)
=	Net Margin %	*	Asset Turnover
=	-2.53 %	*	0.3028
=	-0.77 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2015) net income data. The Revenue data used here is two times the semi-annual (Jun. 2015) revenue data.

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.

Bac Majestic Asset Turnover Related Terms

Bac Majestic Asset Turnover Historical Data

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The historical data trend for Bac Majestic's Asset Turnover can be seen below:

Bac Majestic Asset Turnover Chart

Bac Majestic Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Asset Turnover

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0.33

0.36

0.40

0.18

0.23

Bac Majestic Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Asset Turnover	Get a 7-Day Free Trial								0.11	0.05	0.12	0.10	0.15

LTS:0QCU vs SBSAA, TMGI, NTN: Asset Turnover Comparison

For the Broadcasting subindustry, Bac Majestic'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.

Bac Majestic Asset Turnover vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Bac Majestic's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Bac Majestic's Asset Turnover falls into.

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Bac Majestic Asset Turnover Calculation

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

Bac Majestic's Asset Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Dec. 2014 )	/	( (Total Assets (A: Dec. 2013 )	+	Total Assets (A: Dec. 2014 ))	/ count )
=	1.021	/	( (5.668	+	3.099)	/ 2 )
=	1.021	/	4.3835
=	0.23

Bac Majestic's Asset Turnover for the quarter that ended in Jun. 2015 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Jun. 2015 )	/	( (Total Assets (Q: Dec. 2014 )	+	Total Assets (Q: Jun. 2015 ))	/ count )
=	0.395	/	( (3.099	+	2.119)	/ 2 )
=	0.395	/	2.609
=	0.15

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 0.15 mean?

Bac Majestic (LTS:0QCU) has a Asset Turnover of 0.15 as of Jun. 2015. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Bac Majestic and its competitors.

Is Bac Majestic's Asset Turnover too high?

Bac Majestic's current Asset Turnover is 0.15.

How does Bac Majestic's Asset Turnover compare to SBSAA and TMGI?

Bac Majestic's Asset Turnover of 0.15 can be compared against companies in the Media - Diversified 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 Media - Diversified company?

A good Asset Turnover depends on the Media - Diversified 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 Bac Majestic and its competitors. Bac Majestic's current Asset Turnover is 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Bac Majestic stock overvalued right now?

Bac Majestic (LTS:0QCU) has a current Asset Turnover of 0.15. The current Asset Turnover is 0.15. 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 Bac Majestic (LTS:0QCU), the current Asset Turnover is 0.15 as of Jun. 2015. 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.

Bac Majestic Business Description

Industry Communication Services Media - Diversified

Comparable Companies BOM:532033 BOM:530943 LSE:VITA BOM:540083 BOM:521062 SBSAA XSAT:ESEN TMGI BOM:540821 MIC:ODVA KUW:CABLETV TSXV:SAT WAR:ASR WAR:4FM BOM:532507 NTN MIL:TLS BKK:NBC JSE:AME WAR:STK

Website http://www.bacfilms.com

Bac Majestic is engaged in the coproducing and distributing films in France and internationally. It involves in the distribution of films to theaters and on video, as well as to television channels.