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MSA (MSAfety) Asset Turnover : 0.23 (As of Dec. 2024)


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What is MSAfety Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. MSAfety's Revenue for the three months ended in Dec. 2024 was $500 Mil. MSAfety's Total Assets for the quarter that ended in Dec. 2024 was $2,224 Mil. Therefore, MSAfety's Asset Turnover for the quarter that ended in Dec. 2024 was 0.23.

Asset Turnover is linked to ROE % through Du Pont Formula. MSAfety's annualized ROE % for the quarter that ended in Dec. 2024 was 31.43%. It is also linked to ROA % through Du Pont Formula. MSAfety's annualized ROA % for the quarter that ended in Dec. 2024 was 15.82%.


MSAfety Asset Turnover Historical Data

The historical data trend for MSAfety'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.

MSAfety Asset Turnover Chart

MSAfety 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 0.74 0.65 0.64 0.79 0.83

MSAfety Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.23 0.19 0.21 0.19 0.23

Competitive Comparison of MSAfety's Asset Turnover

For the Security & Protection Services subindustry, MSAfety'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.


MSAfety's Asset Turnover Distribution in the Business Services Industry

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

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


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MSAfety Asset Turnover Calculation

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

MSAfety's Asset Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2024 )/( (Total Assets (A: Dec. 2023 )+Total Assets (A: Dec. 2024 ))/ count )
=1808.14/( (2170.15+2205.784)/ 2 )
=1808.14/2187.967
=0.83

MSAfety's Asset Turnover for the quarter that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=499.697/( (2241.927+2205.784)/ 2 )
=499.697/2223.8555
=0.22

* 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.


MSAfety  (NYSE:MSA) Asset Turnover Explanation

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

MSAfety's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=351.784/1119.332
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(351.784 / 1998.788)*(1998.788 / 2223.8555)*(2223.8555/ 1119.332)
=Net Margin %*Asset Turnover*Equity Multiplier
=17.6 %*0.8988*1.9868
=ROA %*Equity Multiplier
=15.82 %*1.9868
=31.43 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 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:

MSAfety's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=351.784/2223.8555
=(Net Income / Revenue)*(Revenue / Total Assets)
=(351.784 / 1998.788)*(1998.788 / 2223.8555)
=Net Margin %*Asset Turnover
=17.6 %*0.8988
=15.82 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 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.


MSAfety Asset Turnover Related Terms

Thank you for viewing the detailed overview of MSAfety's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


MSAfety Business Description

Traded in Other Exchanges
Address
1000 Cranberry Woods Drive, Cranberry Township, PA, USA, 16066-5207
MSA Safety Inc makes safety products that are used to protect workers in the oil and gas and mining industries. The products include breathing apparatuses, fall protection, portable gas detection systems, industrial head protection, fire and rescue helmets, and fixed gas and flame detection systems. End markets include the fire service, contractor, industrial, mining, oil and gas, and utilities industries. The company's reportable geographic segments are Northern North America; Latin America; Europe, Middle East & Africa; and Asia Pacific. The company's operating segments have been aggregated into three reportable segments: Americas, International, and Corporate. Geographically the company generates the majority of its revenue from the United States.
Executives
Jonathan D. Buck officer: Chief Accounting Officer 1000 CRANBERRY WOODS DRIVE, CRANBERRY TOWNSHIP PA 16066
Nishan J. Vartanian officer: Vice President 1000 CRANBERRY WOODS DRIVE, CRANBERRY TOWNSHIP PA 16066
Rebecca B Roberts director 1000 LOUISIANA, SUITE 5800, HOUSTON TX 77002
Bob Willem Leenen officer: Vice President 1000 CRANBERRY WOODS DRIVE, CRANBERRY TOWNSHIP PA 16066
Richard W Roda officer: Vice President, Secretary, CLO 1000 CRANBERRY WOODS DRIVE, CRANBERRY TOWNSHIP PA 16066
Stephanie L Sciullo officer: Vice President, CLO 1000 CRANBERRY WOODS DRIVE, CRANBERRY TOWNSHIP PA 16066
Lee B Mcchesney officer: Senior VP, CFO and Treasurer 1000 STANLEY DRIVE, NEW BRITAIN CT 06053
Robert A Bruggeworth director C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
William M Lambert officer: Vice President C/O MSA SAFETY, 1000 CRANBERRY WOODS DRIVE, CRANBERRY TWP PA 16066
Ryan John T Iii director, 10 percent owner, officer: Chairman and CEO P O BOX 426, PITTSBURGH PA 15230
Kenneth D. Krause officer: VP, CFO and Treasurer 1000 CRANBERRY WOODS DRIVE, CRANBERRY TOWNSHIP PA 16066
Luca Savi director C/O ITT CORPORATION, 1133 WESTCHESTER AVENUE, WHITE PLAINS NY 10604
Sandra Phillips Rogers director 1000 CRANBERRY WOODS DRIVE, CRANBERRY TOWNSHIP PA 16066
Blanco Steven C. Sr. officer: Vice President 1000 CRANBERRY WOODS DRIVE, CRANBERRY TOWNSHIP PA 16066
Diane M Pearse director P O BOX 426, PITTSBURGH PA 152300426