Industria Automotriz de CV (MEX:IASASA) Asset Turnover: 0.01 (As of Jun. 2011)


What is Industria Automotriz de CV Asset Turnover?

Industria Automotriz de CV MEX:IASASA Asset Turnover is 0.01 as of Jun. 2011.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Industria Automotriz de CV's Revenue for the three months ended in Jun. 2011 was MXN9.68 Mil. Industria Automotriz de CV's Total Assets for the quarter that ended in Jun. 2011 was MXN764.89 Mil. Therefore, Industria Automotriz de CV's Asset Turnover for the quarter that ended in Jun. 2011 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Industria Automotriz de CV's annualized ROE % for the quarter that ended in Jun. 2011 was -7.79%. It is also linked to ROA % through Du Pont Formula. Industria Automotriz de CV's annualized ROA % for the quarter that ended in Jun. 2011 was 1.83%.

Industria Automotriz de CV  (MEX:IASASA) Asset Turnover Explanation

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

Industria Automotriz de CV's annulized ROE % for the quarter that ended in Jun. 2011 is

ROE %**(Q: Jun. 2011 )
=Net Income/Total Stockholders Equity
=13.968/-179.37
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(13.968 / 38.728)*(38.728 / 764.8895)*(764.8895/ -179.37)
=Net Margin %*Asset Turnover*Equity Multiplier
=36.07 %*0.0506*-4.2643
=ROA %*Equity Multiplier
=1.83 %*-4.2643
=-7.79 %

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

Industria Automotriz de CV's annulized ROA % for the quarter that ended in Jun. 2011 is

ROA %(Q: Jun. 2011 )
=Net Income/Total Assets
=13.968/764.8895
=(Net Income / Revenue)*(Revenue / Total Assets)
=(13.968 / 38.728)*(38.728 / 764.8895)
=Net Margin %*Asset Turnover
=36.07 %*0.0506
=1.83 %

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

Industria Automotriz de CV Asset Turnover Related Terms

Industria Automotriz de CV Asset Turnover Historical Data

* Premium members only.

The historical data trend for Industria Automotriz de CV'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.

Industria Automotriz de CV Asset Turnover Chart

Industria Automotriz de CV Annual Data
Trend Dec07 Dec08 Dec09
Asset Turnover
0.14 0.13 0.04

Industria Automotriz de CV Quarterly Data
Dec07 Dec08 Sep09 Dec09 Mar10 Jun10 Sep10 Mar11 Jun11
Asset Turnover Get a 7-Day Free Trial Premium Member Only 0.01 0.00 0.01 0.01 0.01

MEX:IASASA vs CSHEF, AMTY, OMTK: Asset Turnover Comparison

For the Auto Parts subindustry, Industria Automotriz de CV'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.

Industria Automotriz de CV Asset Turnover vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Industria Automotriz de CV's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Industria Automotriz de CV's Asset Turnover falls into.


Industria Automotriz de CV Asset Turnover Calculation

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

Industria Automotriz de CV's Asset Turnover for the fiscal year that ended in Dec. 2009 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2009 )/( (Total Assets (A: Dec. 2008 )+Total Assets (A: Dec. 2009 ))/ count )
=34.015/( (791.296+773.64)/ 2 )
=34.015/782.468
=0.04

Industria Automotriz de CV's Asset Turnover for the quarter that ended in Jun. 2011 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2011 )/( (Total Assets (Q: Mar. 2011 )+Total Assets (Q: Jun. 2011 ))/ count )
=9.682/( (769.355+760.424)/ 2 )
=9.682/764.8895
=0.01

* 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 0.01 mean?
Industria Automotriz de CV (MEX:IASASA) has a Asset Turnover of 0.01 as of Jun. 2011. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Industria Automotriz de CV and its competitors.
Is Industria Automotriz de CV's Asset Turnover too high?
Industria Automotriz de CV's current Asset Turnover is 0.01.
How does Industria Automotriz de CV's Asset Turnover compare to CSHEF and AMTY?
Industria Automotriz de CV's Asset Turnover of 0.01 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 Industria Automotriz de CV and its competitors. Industria Automotriz de CV's current Asset Turnover is 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industria Automotriz de CV stock overvalued right now?
Industria Automotriz de CV (MEX:IASASA) has a current Asset Turnover of 0.01. The current Asset Turnover is 0.01. 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 Industria Automotriz de CV (MEX:IASASA), the current Asset Turnover is 0.01 as of Jun. 2011. 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.

Industria Automotriz de CV Business Description

Address Avenida Universidad 1011, San Nicolas de los Garza, NL, MEX, 66400
Industria Automotriz SA de CV is engaged in manufacturing of stamping, assemblies and subassemblies for the automotive industry. The company also manufactures dies and tool, assembly attachments and attachments to check the produced pieces.