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Antares Vision SpA (MIL:AV) Asset Turnover : 0.20 (As of Jun. 2024)


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What is Antares Vision SpA Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Antares Vision SpA's Revenue for the six months ended in Jun. 2024 was €87.0 Mil. Antares Vision SpA's Total Assets for the quarter that ended in Jun. 2024 was €426.7 Mil. Therefore, Antares Vision SpA's Asset Turnover for the quarter that ended in Jun. 2024 was 0.20.

Asset Turnover is linked to ROE % through Du Pont Formula. Antares Vision SpA's annualized ROE % for the quarter that ended in Jun. 2024 was -27.59%. It is also linked to ROA % through Du Pont Formula. Antares Vision SpA's annualized ROA % for the quarter that ended in Jun. 2024 was -10.31%.


Antares Vision SpA Asset Turnover Historical Data

The historical data trend for Antares Vision SpA'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.

Antares Vision SpA Asset Turnover Chart

Antares Vision SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 0.54 0.36 0.42 0.39 0.43

Antares Vision SpA Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 0.16 0.21 0.16 0.23 0.20

Competitive Comparison of Antares Vision SpA's Asset Turnover

For the Security & Protection Services subindustry, Antares Vision SpA'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.


Antares Vision SpA's Asset Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Antares Vision SpA's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Antares Vision SpA's Asset Turnover falls into.



Antares Vision SpA Asset Turnover Calculation

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

Antares Vision SpA's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=210.019/( (546.629+436.441)/ 2 )
=210.019/491.535
=0.43

Antares Vision SpA's Asset Turnover for the quarter that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=86.969/( (436.441+416.942)/ 2 )
=86.969/426.6915
=0.20

* 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.


Antares Vision SpA  (MIL:AV) Asset Turnover Explanation

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

Antares Vision SpA's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=-43.974/159.374
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-43.974 / 173.938)*(173.938 / 426.6915)*(426.6915/ 159.374)
=Net Margin %*Asset Turnover*Equity Multiplier
=-25.28 %*0.4076*2.6773
=ROA %*Equity Multiplier
=-10.31 %*2.6773
=-27.59 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) net income data. The Revenue data used here is two times the semi-annual (Jun. 2024) 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:

Antares Vision SpA's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=-43.974/426.6915
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-43.974 / 173.938)*(173.938 / 426.6915)
=Net Margin %*Asset Turnover
=-25.28 %*0.4076
=-10.31 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) net income data. The Revenue data used here is two times the semi-annual (Jun. 2024) 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.


Antares Vision SpA Asset Turnover Related Terms

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Antares Vision SpA Business Description

Traded in Other Exchanges
Address
Via Del Ferro 16, Travagliato, Brescia, ITA, 25039
Antares Vision SpA is engaged in providing control systems and traceability solutions. The business activities of the group include designing, manufacturing, installing, and maintaining critical systems for the most demanding customers in the world. The company offers products such as Track and Trace devices, Inspection systems, Inspection machines, and Smart data management systems. Its geographical segments are Italy, Europe, North and South America, Asia, Oceania, Africa, and the Middle East.

Antares Vision SpA Headlines

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