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Liberty Global Asset Turnover

: 0.06 (As of Dec. 2020)
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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Liberty Global's Revenue for the three months ended in Dec. 2020 was $3,427 Mil. Liberty Global's Total Assets for the quarter that ended in Dec. 2020 was $55,128 Mil. Therefore, Liberty Global's Asset Turnover for the quarter that ended in Dec. 2020 was 0.06.

Asset Turnover is linked to ROE % through Du Pont Formula. Liberty Global's annualized ROE % for the quarter that ended in Dec. 2020 was -30.81%. It is also linked to ROA % through Du Pont Formula. Liberty Global's annualized ROA % for the quarter that ended in Dec. 2020 was -7.48%.

Liberty Global Asset Turnover Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Liberty Global Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Asset Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.21 0.18 0.22 0.23 0.22

Liberty Global Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Asset Turnover 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 Premium Member Only Premium Member Only Premium Member Only 0.06 0.06 0.06 0.06 0.06

Liberty Global Asset Turnover Calculation

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

Liberty Global's Asset Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2020 )/( (Total Assets (A: Dec. 2019 )+Total Assets (A: Dec. 2020 ))/ count )
=11980.1/( (49046.3+59092.7)/ 2 )
=11980.1/54069.5
=0.22

Liberty Global's Asset Turnover for the quarter that ended in Dec. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2020 )/( (Total Assets (Q: Sep. 2020 )+Total Assets (Q: Dec. 2020 ))/ count )
=3426.9/( (51163.4+59092.7)/ 2 )
=3426.9/55128.05
=0.06

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.

Liberty Global  (NAS:LBTYB) Asset Turnover Explanation

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

Liberty Global's annulized ROE % for the quarter that ended in Dec. 2020 is

ROE %**(Q: Dec. 2020 )
=Net Income/Total Stockholders Equity
=-4122/13379.15
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-4122 / 13707.6)*(13707.6 / 55128.05)*(55128.05/ 13379.15)
=Net Margin %*Asset Turnover*Equity Multiplier
=-30.07 %*0.2487*4.1204
=ROA %*Equity Multiplier
=-7.48 %*4.1204
=-30.81 %

Note: The Net Income data used here is four times the quarterly (Dec. 2020) net income data. The Revenue data used here is four times the quarterly (Dec. 2020) revenue data.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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:

Liberty Global's annulized ROA % for the quarter that ended in Dec. 2020 is

ROA %(Q: Dec. 2020 )
=Net Income/Total Assets
=-4122/55128.05
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-4122 / 13707.6)*(13707.6 / 55128.05)
=Net Margin %*Asset Turnover
=-30.07 %*0.2487
=-7.48 %

Note: The Net Income data used here is four times the quarterly (Dec. 2020) net income data. The Revenue data used here is four times the quarterly (Dec. 2020) revenue data.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.

Liberty Global Asset Turnover Related Terms

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