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Altice USA Asset Turnover

: 0.07 (As of Mar. 2022)
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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. Altice USA's Revenue for the three months ended in Mar. 2022 was $2,422 Mil. Altice USA's Total Assets for the quarter that ended in Mar. 2022 was $33,180 Mil. Therefore, Altice USA's Asset Turnover for the quarter that ended in Mar. 2022 was 0.07.

Asset Turnover is linked to ROE % through Du Pont Formula. Altice USA's annualized ROE % for the quarter that ended in Mar. 2022 was -112.25%. It is also linked to ROA % through Du Pont Formula. Altice USA's annualized ROA % for the quarter that ended in Mar. 2022 was 2.37%.


Altice USA Asset Turnover Historical Data

The historical data trend for Altice USA'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.

Altice USA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Asset Turnover
Premium Member Only 0.26 0.28 0.29 0.29 0.30

Altice USA Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 0.07 0.08 0.08 0.08 0.07

Altice USA Asset Turnover Calculation

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

Altice USA's Asset Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2021 )/( (Total Assets (A: Dec. 2020 )+Total Assets (A: Dec. 2021 ))/ count )
=10090.849/( (33376.66+33215.034)/ 2 )
=10090.849/33295.847
=0.30

Altice USA's Asset Turnover for the quarter that ended in Mar. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2022 )/( (Total Assets (Q: Dec. 2021 )+Total Assets (Q: Mar. 2022 ))/ count )
=2421.897/( (33215.034+33144.103)/ 2 )
=2421.897/33179.5685
=0.07

* 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.


Altice USA  (NYSE:ATUS) Asset Turnover Explanation

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

Altice USA's annulized ROE % for the quarter that ended in Mar. 2022 is

ROE %**(Q: Mar. 2022 )
=Net Income/Total Stockholders Equity
=786.204/-700.415
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(786.204 / 9687.588)*(9687.588 / 33179.5685)*(33179.5685/ -700.415)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.12 %*0.292*-47.3713
=ROA %*Equity Multiplier
=2.37 %*-47.3713
=-112.25 %

Note: The Net Income data used here is four times the quarterly (Mar. 2022) net income data. The Revenue data used here is four times the quarterly (Mar. 2022) 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:

Altice USA's annulized ROA % for the quarter that ended in Mar. 2022 is

ROA %(Q: Mar. 2022 )
=Net Income/Total Assets
=786.204/33179.5685
=(Net Income / Revenue)*(Revenue / Total Assets)
=(786.204 / 9687.588)*(9687.588 / 33179.5685)
=Net Margin %*Asset Turnover
=8.12 %*0.292
=2.37 %

Note: The Net Income data used here is four times the quarterly (Mar. 2022) net income data. The Revenue data used here is four times the quarterly (Mar. 2022) 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.


Altice USA Asset Turnover Related Terms

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Altice USA Business Description

Altice USA logo
Industry
Traded in Other Exchanges
Address
1 Court Square West, Long Island City, New York, NY, USA, 11101
Altice Europe acquired privately held U.S. cable company Suddenlink in 2015 and Cablevision in 2016. Suddenlink's networks provided television, internet access, and phone services to roughly 3.5 million U.S. homes and businesses located primarily in smaller markets, with major clusters in Texas, West Virginia, Idaho, Arizona, and Louisiana. Cablevision provided comparable services to about 5.5 million homes and business in the New York City metro area. Altice Europe spun off Altice USA, which includes both the Suddenlink and Cablevision operations, to shareholders in 2018. Altice USA also owns News 12 Networks, which broadcasts local 24-hour news networks in New York, i24News, a news operation focused on the Middle East and Israel, and Cheddar, a news upstart.
Executives
Next Alt S.a.r.l. director, 10 percent owner 5, RUE EUGENE RUPPERT GRAND DUCHY OF LUXEMBOURG N4 L-2453
A4 S.a. director 5, RUE EUGENE RUPPERT GRAND DUCHY OF LUXEMBOURG N4 L-2453
Drahi Patrick director, 10 percent owner WIESTISTRASSE 14 ZERMATT V8 3920
Boubazine Abdelhakim officer: President & COO 1111 STEWART AVENUE BETHPAGE NY 11714
Schmidt Colleen officer: EVP Human Resources 1 COURT SQUARE W LONG ISLAND CITY NY 11101
Olsen Michael officer: EVP, Gen. Counsel & Secy 1 COURT SQUARE W LONG ISLAND CITY NY 11101
Taki Layth officer: Chief Accounting Officer 1 COURT SQUARE WEST LONG ISLAND CITY NY 11101
Grau Michael officer: Chief Financial Officer 1 COURT SQUARE W LONG ISLAND CITY NY 11101
Goei Dexter director, officer: Chief Executive Officer 1111 STEWART AVENUE BETHPAGE NY 11714
Stewart Charles director 1111 STEWART AVENUE BETHPAGE NY 11714
Bakker Gerrit Jan director 15 RUE PIERRE FATIO 6TH FLOOR GENEVA V8 1204
Mullen Mark director 1111 STEWART AVENUE BETHPAGE NY 11714
Okhuijsen Dennis director 1111 STEWART AVENUE BETHPAGE NY 11714
Connolly David other: Former EVP & General Counsel 1111 STEWART AVENUE BETHPAGE NY 11714
Cie Management Ix Ltd 10 percent owner HERITAGE HALL LE MARCHANT STREET ST. PETER PORT Y7 GY14HY

Altice USA Headlines

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