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# Asset Turnover

: 0.00 (As of . 20)
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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. 's Revenue for the six months ended in . 20 was \$ Mil. 's Total Assets for the quarter that ended in . 20 was \$ Mil. Therefore, 's asset turnover for the quarter that ended in . 20 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. 's annualized ROE % for the quarter that ended in . 20 was %. It is also linked to ROA % through Du Pont Formula. 's annualized ROA % for the quarter that ended in . 20 was %.

## 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.

 Annual Data Asset Turnover

 Semi-Annual Data Asset Turnover

## Asset Turnover Calculation

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

's Asset Turnover for the fiscal year that ended in . 20 is calculated as

 Asset Turnover = Sales / Average Total Assets = Revenue (A: . 20 ) / ( (Total Assets (A: . 20 ) + Total Assets (A: . 20 )) / 2 ) = / ( ( + ) / 2 ) = / =

's Asset Turnover for the quarter that ended in . 20 is calculated as

 Asset Turnover = Sales / Average Total Assets = Revenue (Q: . 20 ) / ( (Total Assets (Q: . 20 ) + Total Assets (Q: . 20 )) / 2 ) = / ( ( + ) / 2 ) = / =

* 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.

(:) Asset Turnover Explanation

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

's annulized ROE % for the quarter that ended in . 20 is

 ROE % (Q: . 20 ) = Net Income / Total Stockholders Equity = / = (Net Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity) = ( / ) * ( / ) * (/ ) = Net Margin % * Asset Turnover * Leverage Ratio = % * * = ROA % * Leverage Ratio = % * = %

Note: The Net Income data used here is two times the semi-annual (. 20) net income data. The Revenue data used here is two times the semi-annual (. 20) 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:

's annulized ROA % for the quarter that ended in . 20 is

 ROA % (Q: . 20 ) = Net Income / Total Assets = / = (Net Income / Revenue) * (Revenue / Total Assets) = ( / ) * ( / ) = Net Margin % * Asset Turnover = % * = %

Note: The Net Income data used here is two times the semi-annual (. 20) net income data. The Revenue data used here is two times the semi-annual (. 20) 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.

## Asset Turnover Headlines

From GuruFocus

###### Summit Financial Wealth Advisors, LLC Buys Truist Financial Corp, ViacomCBS Inc, Vanguard FTSE Emerging Markets ETF, Sells iShares Edge MSCI USA Momentum Factor ETF, Anthem Inc, Baxter International Inc

By insider about 2020-01-28 14:38:30

###### Lucas Capital Management Buys Vanguard Telecommunication Services ETF, Hess Midstream Operations LP, Sells Eagle Bancorp Inc, Hess Midstream Operations LP, B&G Foods Inc

By insider about 2020-01-28 12:38:17

###### Holdings in Company - Euro Pacific

By [email protected] about 2020-01-28 12:00:06

###### Holdings in Company - Euro Pacific

By [email protected] about 2020-01-28 12:00:06

###### Taiga Increases Financing

By [email protected] about 2020-01-28 11:00:13

###### Holdings in company - Delphi

By [email protected] about 2020-01-28 11:00:12

###### Holdings in company - RCI

By [email protected] about 2020-01-28 11:00:08

###### 1933 Industries to Present at MjMicro Virtual Investor Conference Hosted by MjInvest.com

By [email protected] about 2020-01-28 11:00:07

###### Holdings in company - Steven Poulton

By [email protected] about 2020-01-28 11:00:04

###### Holdings in company - Steven Poulton

By [email protected] about 2020-01-28 11:00:04

###### Jadestone Energy Announces Holding(s) in Company

By [email protected] about 2020-01-28 06:00:03

###### Commerce Resources Corp. Updates Fluorspar Upgrade Programs for the Ashram Deposit, Quebec

By [email protected] about 2020-01-28 03:00:07

###### Permitting Update on La India Project, Nicaragua

By [email protected] about 2020-01-28 02:00:09

###### 1933 Industries Engages Market Makers

By [email protected] about 2020-01-27 22:00:02

###### EastCoal Inc. Announces Letter Of Intent for Acquisition of US-Based Coal Assets

By [email protected] about 2020-01-27 20:00:12

###### First Mining Partners with Auteco to Advance its Pickle Crow Gold Project

By [email protected] about 2020-01-27 17:00:26

###### Solar Alliance Plans to Extend Warrant Expiry Dates and Settle Fees for Shares and Appoint New CFO

By [email protected] about 2020-01-27 17:00:19

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