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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. National CineMedia's Revenue for the three months ended in Dec. 2024 was $86.3 Mil. National CineMedia's Total Assets for the quarter that ended in Dec. 2024 was $547.4 Mil. Therefore, National CineMedia's Asset Turnover for the quarter that ended in Dec. 2024 was 0.16.
Asset Turnover is linked to ROE % through Du Pont Formula. National CineMedia's annualized ROE % for the quarter that ended in Dec. 2024 was 24.80%. It is also linked to ROA % through Du Pont Formula. National CineMedia's annualized ROA % for the quarter that ended in Dec. 2024 was 18.05%.
The historical data trend for National CineMedia'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.
National CineMedia Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial |
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0.09 | 0.14 | 0.31 | 0.24 | 0.42 |
National CineMedia 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 |
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0.16 | 0.07 | 0.10 | 0.12 | 0.16 |
For the Advertising Agencies subindustry, National CineMedia'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.
For the Media - Diversified industry and Communication Services sector, National CineMedia's Asset Turnover distribution charts can be found below:
* The bar in red indicates where National CineMedia's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
National CineMedia'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 ) |
= | 240.8 | / | ( (567.7 | + | 568.6) | / 2 ) |
= | 240.8 | / | 568.15 | |||
= | 0.42 |
National CineMedia'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 ) |
= | 86.3 | / | ( (526.1 | + | 568.6) | / 2 ) |
= | 86.3 | / | 547.35 | |||
= | 0.16 |
* 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.
National CineMedia (NAS:NCMI) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
National CineMedia's annulized ROE % for the quarter that ended in Dec. 2024 is
ROE %** | (Q: Dec. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 98.8 | / | 398.35 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (98.8 / 345.2) | * | (345.2 / 547.35) | * | (547.35/ 398.35) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 28.62 % | * | 0.6307 | * | 1.374 |
= | ROA % | * | Equity Multiplier | ||
= | 18.05 % | * | 1.374 | ||
= | 24.80 % |
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:
National CineMedia's annulized ROA % for the quarter that ended in Dec. 2024 is
ROA % | (Q: Dec. 2024 ) | ||
= | Net Income | / | Total Assets |
= | 98.8 | / | 547.35 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (98.8 / 345.2) | * | (345.2 / 547.35) |
= | Net Margin % | * | Asset Turnover |
= | 28.62 % | * | 0.6307 |
= | 18.05 % |
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.
Thank you for viewing the detailed overview of National CineMedia's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Ronnie Y. Ng | officer: Chief Financial Officer | C/O NATIONAL CINEMEDIA, INC., 6300 S SYRACUSE WAY, SUITE 300, CENTENNIAL CO 80111 |
Maria Vg Woods | officer: EVP, General Counsel | C/O NATIONAL CINEMEDIA, INC., 6300 S SYRACUSE WAY, SUITE 300, CENTENNIAL CO 80111 |
Thomas F. Lesinski | director | C/O NATIONAL CINEMEDIA, INC., 6300 S. SYRACUSE WAY, SUITE 300, CENTENNIAL CO 80111 |
Blantyre Capital Ltd | 10 percent owner | C/O BLANTYRE CAPITAL LIMITED, 52 JERMYN STREET, LONDON X0 SW1Y 6LX |
Scott D Felenstein | officer: EVP and Chief Revenue Officer | C/O NATIONAL CINEMEDIA, INC., 6300 S. SYRACUSE WAY, SUITE 300, CENTENNIAL CO 80111 |
Blantyre Fund Iii (gp) Ltd | 10 percent owner | UGLAND HOUSE, PO BOX 309, GEORGE TOWN, GRAND CAYMAN E9 KY1-1104 |
Joe Marchese | director | C/O CLEAR CHANNEL OUTDOOR HOLDINGS, INC., 4830 NORTH LOOP 1604W, SUITE 111, SAN ANTONIO TX 78249 |
Jean-philippe Maheu | director | C/O NATIONAL CINEMEDIA, INC., 6300 S. SYRACUSE WAY, SUITE 300, CENTENNIAL CO 80111 |
Tiago Lourenco | director | C/O NATIONAL CINEMEDIA, INC., 6300 S. SYRACUSE WAY, SUITE 300, CENTENNIAL CO 80111 |
Nicholas Bell | director | C/O NATIONAL CINEMEDIA, INC., 6300 S. SYRACUSE WAY, SUITE 300, CENTENNIAL CO 80111 |
Bssf Ii Ireland Dac | 10 percent owner | IVEAGH COURT, HARCOURT ROAD, 2ND FLOOR, BLOCK E, DUBLIN L2 2 |
Blantyre Fund Ii (gp) Ltd | 10 percent owner | UGLAND HOUSE, PO BOX 309, GEORGE TOWN, GRAND CAYMAN E9 KY1-1104 |
Blantyre Mulanje Ii Gp Ltd | 10 percent owner | UGLAND HOUSE, PO BOX 309, GEORGE TOWN, GRAND CAYMAN E9 KY1-1104 |
Bernadette S. Aulestia | director | 203 EAST MAIN STREET, SPARTANBURG SC 29319 |
Iii Dac Bssf | 10 percent owner | IVEAGH COURT, HARCOURT ROAD, 2ND FLOOR, BLOCK E, DUBLIN L2 2 |
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