Switch to:

Carpenter Technology Asset Turnover

: 0.17 (As of Mar. 2020)
View and export this data going back to 1968. Start your Free Trial

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Carpenter Technology's Revenue for the three months ended in Mar. 2020 was $585 Mil. Carpenter Technology's Total Assets for the quarter that ended in Mar. 2020 was $3,417 Mil. Therefore, Carpenter Technology's Asset Turnover for the quarter that ended in Mar. 2020 was 0.17.

Asset Turnover is linked to ROE % through Du Pont Formula. Carpenter Technology's annualized ROE % for the quarter that ended in Mar. 2020 was 9.91%. It is also linked to ROA % through Du Pont Formula. Carpenter Technology's annualized ROA % for the quarter that ended in Mar. 2020 was 4.67%.

Carpenter Technology 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.

Carpenter Technology Annual Data
Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19
Asset Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.75 0.64 0.63 0.73 0.77

Carpenter Technology Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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 0.19 0.20 0.18 0.17 0.17

Carpenter Technology Asset Turnover Calculation

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

Carpenter Technology's Asset Turnover for the fiscal year that ended in Jun. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2019 )/( (Total Assets (A: Jun. 2018 )+Total Assets (A: Jun. 2019 ))/ count )
=2380.2/( (3007+3187.8)/ 2 )
=2380.2/3097.4
=0.77

Carpenter Technology's Asset Turnover for the quarter that ended in Mar. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2020 )/( (Total Assets (Q: Dec. 2019 )+Total Assets (Q: Mar. 2020 ))/ count )
=585.4/( (3403.6+3429.4)/ 2 )
=585.4/3416.5
=0.17

* 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.

Carpenter Technology  (NYSE:CRS) Asset Turnover Explanation

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

Carpenter Technology's annulized ROE % for the quarter that ended in Mar. 2020 is

ROE %(Q: Mar. 2020 )
=Net Income/Total Stockholders Equity
=159.6/1610.95
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(159.6 / 2341.6)*(2341.6 / 3416.5)*(3416.5/ 1610.95)
=Net Margin %*Asset Turnover*Leverage Ratio
=6.82 %*0.6854*2.1208
=ROA %*Leverage Ratio
=4.67 %*2.1208
=9.91 %

Note: The Net Income data used here is four times the quarterly (Mar. 2020) net income data. The Revenue data used here is four times the quarterly (Mar. 2020) 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 ROA % through Du Pont Formula:

Carpenter Technology's annulized ROA % for the quarter that ended in Mar. 2020 is

ROA %(Q: Mar. 2020 )
=Net Income/Total Assets
=159.6/3416.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(159.6 / 2341.6)*(2341.6 / 3416.5)
=Net Margin %*Asset Turnover
=6.82 %*0.6854
=4.67 %

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

Carpenter Technology Asset Turnover Related Terms

Carpenter Technology Asset Turnover Headlines

From GuruFocus

Carpenter Technology Announces Additional Actions to Enhance Long-Term Success
Carpenter Technology Announces Additional Actions to Enhance Long-Term Success

By Marketwired about CRS 2020-06-04 11:00:33

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)