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Neptune Technologies & Bioressources Inc  (NAS:NEPT) Asset Turnover: 0.07 (As of Sep. 2017)

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Neptune Technologies & Bioressources Inc's Revenue for the three months ended in Sep. 2017 was $5.53 Mil. Neptune Technologies & Bioressources Inc's Total Assets for the quarter that ended in Sep. 2017 was $83.46 Mil. Therefore, Neptune Technologies & Bioressources Inc's asset turnover for the quarter that ended in Sep. 2017 was 0.07.

Asset Turnover is linked to ROE % through Du Pont Formula. Neptune Technologies & Bioressources Inc's annualized ROE % for the quarter that ended in Sep. 2017 was 105.98%. It is also linked to ROA % through Du Pont Formula. Neptune Technologies & Bioressources Inc's annualized ROA % for the quarter that ended in Sep. 2017 was 74.45%.


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.

Neptune Technologies & Bioressources Inc Annual Data

May05 May06 May07 May08 Feb10 Feb11 Feb12 Feb13 Feb14 Feb15
Asset Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.85 0.57 0.46 0.22 0.14

Neptune Technologies & Bioressources Inc Quarterly Data

Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Jun17 Sep17
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 0.11 0.12 0.12 0.06 0.07

Calculation

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

Neptune Technologies & Bioressources Inc's Asset Turnover for the fiscal year that ended in Feb. 2015 is calculated as

Asset Turnover
=Sales/Average Total Assets
=Revenue (A: Feb. 2015 )/( (Total Assets (A: Feb. 2014 )+Total Assets (A: Feb. 2015 ))/ 2 )
=12.0569645572/( (92.4769314275+79.2503400272)/ 2 )
=12.0569645572/85.8636357274
=0.14

Neptune Technologies & Bioressources Inc's Asset Turnover for the quarter that ended in Sep. 2017 is calculated as

Asset Turnover
=Sales/Average Total Assets
=Revenue (Q: Sep. 2017 )/( (Total Assets (Q: Jun. 2017 )+Total Assets (Q: Sep. 2017 ))/ 2 )
=5.53383826044/( (79.0620534035+87.8508021826)/ 2 )
=5.53383826044/83.4564277931
=0.07

* 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.


Explanation

Asset Turnover is linked to Return on Equity (ROE) through Du Pont Formula.

Neptune Technologies & Bioressources Inc's annulized ROE % for the quarter that ended in Sep. 2017 is

ROE %(Q: Sep. 2017 )
=Net Income/Total Equity
=62.1353530418/58.6308336504
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Equity)
=(62.1353530418 / 22.1353530418)*(22.1353530418 / 83.4564277931)*(83.4564277931/ 58.6308336504)
=Net Margin %*Asset Turnover*Leverage Ratio
=280.71 %*0.2652*1.4234
=ROA %*Leverage Ratio
=74.45 %*1.4234
=105.98 %

Note: The Net Income data used here is four times the quarterly (Sep. 2017) net income data. The Revenue data used here is four times the quarterly (Sep. 2017) revenue data.

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

It is also linked to Return on Assets (ROA) through Du Pont Formula:

Neptune Technologies & Bioressources Inc's annulized ROA % for the quarter that ended in Sep. 2017 is

ROA %(Q: Sep. 2017 )
=Net Income/Total Assets
=62.1353530418/83.4564277931
=(Net Income / Revenue)*(Revenue / Total Assets)
=(62.1353530418 / 22.1353530418)*(22.1353530418 / 83.4564277931)
=Net Margin %*Asset Turnover
=280.71 %*0.2652
=74.45 %

Note: The Net Income data used here is four times the quarterly (Sep. 2017) net income data. The Revenue data used here is four times the quarterly (Sep. 2017) 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.


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