Clabo SpA (MIL:CLABO) Asset Turnover: 0.34 (As of Jun. 2024)


MIL:CLABO Clabo SpA MIL:CLABO
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What is Clabo SpA Asset Turnover?

Clabo SpA MIL:CLABO 4 Asset Turnover is 0.34 as of Jun. 2024. GuruFocus rates MIL:CLABO with a GF Score™ of 4/100.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Clabo SpA's Revenue for the six months ended in Jun. 2024 was €30.74 Mil. Clabo SpA's Total Assets for the quarter that ended in Jun. 2024 was €90.45 Mil. Therefore, Clabo SpA's Asset Turnover for the quarter that ended in Jun. 2024 was 0.34.

Asset Turnover is linked to ROE % through Du Pont Formula. Clabo SpA's annualized ROE % for the quarter that ended in Jun. 2024 was 18.83%. It is also linked to ROA % through Du Pont Formula. Clabo SpA's annualized ROA % for the quarter that ended in Jun. 2024 was 1.68%.

Clabo SpA  (MIL:CLABO) Asset Turnover Explanation

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

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

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=1.524/8.092
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1.524 / 61.474)*(61.474 / 90.4535)*(90.4535/ 8.092)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.48 %*0.6796*11.1781
=ROA %*Equity Multiplier
=1.68 %*11.1781
=18.83 %

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:

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

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=1.524/90.4535
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1.524 / 61.474)*(61.474 / 90.4535)
=Net Margin %*Asset Turnover
=2.48 %*0.6796
=1.68 %

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.

Clabo SpA Asset Turnover Related Terms

Clabo SpA Asset Turnover Historical Data

* Premium members only.

The historical data trend for Clabo 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.

Clabo SpA Asset Turnover Chart

Clabo SpA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.45 0.59 0.61 0.69 0.65

Clabo SpA Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 0.28 0.37 0.31 0.34 0.30

MIL:CLABO vs GEV, ETN, PH: Asset Turnover Comparison

For the Specialty Industrial Machinery subindustry, Clabo 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.

Clabo SpA Asset Turnover vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Clabo SpA's Asset Turnover distribution charts can be found below:

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


MIL:CLABO
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Clabo SpA MIL:CLABO
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Clabo SpA Asset Turnover Calculation

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

Clabo 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 )
=61.279/( (88.123+89.186)/ 2 )
=61.279/88.6545
=0.69

Clabo 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 )
=30.737/( (89.186+91.721)/ 2 )
=30.737/90.4535
=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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.34 mean?
Clabo SpA (MIL:CLABO) has a Asset Turnover of 0.34 as of Jun. 2024. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Clabo SpA and its competitors.
Is Clabo SpA's Asset Turnover too high?
Clabo SpA's current Asset Turnover is 0.34. Overall, Clabo SpA has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Clabo SpA's Asset Turnover compare to GEV and ETN?
Clabo SpA's Asset Turnover of 0.34 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Asset Turnover depends on the Industrial Products 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 Clabo SpA and its competitors. Clabo SpA's current Asset Turnover is 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clabo SpA stock overvalued right now?
Clabo SpA (MIL:CLABO) has a current Asset Turnover of 0.34. The current Asset Turnover is 0.34. Clabo SpA's overall GF Score™ is 4/100. 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 Clabo SpA (MIL:CLABO), the current Asset Turnover is 0.34 as of Jun. 2024. 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.

Clabo SpA Business Description

Address Viale dell’Industria 15, Jesi, Ancona, ITA, 60035
Clabo SpA is an Italian company engaged in the design, manufacturing, and marketing of professional showcases for ice cream, pastry, and bakery products. In addition, it provides furniture for restaurants, bars, and coffee shops. The products of the company are sold under various brands such as Orion, Arctic, EasyBet, Howard McCray, and Bocchini Arredamenti.
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