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Sigma AB (OSTO:SIGM B) Asset Turnover : 0.41 (As of Dec. 2012)


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What is Sigma AB Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Sigma AB's Revenue for the three months ended in Dec. 2012 was kr341 Mil. Sigma AB's Total Assets for the quarter that ended in Dec. 2012 was kr827 Mil. Therefore, Sigma AB's Asset Turnover for the quarter that ended in Dec. 2012 was 0.41.

Asset Turnover is linked to ROE % through Du Pont Formula. Sigma AB's annualized ROE % for the quarter that ended in Dec. 2012 was -31.00%. It is also linked to ROA % through Du Pont Formula. Sigma AB's annualized ROA % for the quarter that ended in Dec. 2012 was -16.75%.


Sigma AB Asset Turnover Historical Data

The historical data trend for Sigma AB'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.

Sigma AB Asset Turnover Chart

Sigma AB Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.84 1.68 1.57 1.21 1.55

Sigma AB Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.42 0.40 0.39 0.34 0.41

Competitive Comparison of Sigma AB's Asset Turnover

For the Information Technology Services subindustry, Sigma AB'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.


Sigma AB's Asset Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Sigma AB's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Sigma AB's Asset Turnover falls into.



Sigma AB Asset Turnover Calculation

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

Sigma AB's Asset Turnover for the fiscal year that ended in Dec. 2012 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2012 )/( (Total Assets (A: Dec. 2011 )+Total Assets (A: Dec. 2012 ))/ count )
=1367.8/( (940.333+828.2)/ 2 )
=1367.8/884.2665
=1.55

Sigma AB's Asset Turnover for the quarter that ended in Dec. 2012 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2012 )/( (Total Assets (Q: Sep. 2012 )+Total Assets (Q: Dec. 2012 ))/ count )
=341.2/( (824.8+828.2)/ 2 )
=341.2/826.5
=0.41

* 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.


Sigma AB  (OSTO:SIGM B) Asset Turnover Explanation

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

Sigma AB's annulized ROE % for the quarter that ended in Dec. 2012 is

ROE %**(Q: Dec. 2012 )
=Net Income/Total Stockholders Equity
=-138.4/446.5
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-138.4 / 1364.8)*(1364.8 / 826.5)*(826.5/ 446.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=-10.14 %*1.6513*1.8511
=ROA %*Equity Multiplier
=-16.75 %*1.8511
=-31.00 %

Note: The Net Income data used here is four times the quarterly (Dec. 2012) net income data. The Revenue data used here is four times the quarterly (Dec. 2012) 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:

Sigma AB's annulized ROA % for the quarter that ended in Dec. 2012 is

ROA %(Q: Dec. 2012 )
=Net Income/Total Assets
=-138.4/826.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-138.4 / 1364.8)*(1364.8 / 826.5)
=Net Margin %*Asset Turnover
=-10.14 %*1.6513
=-16.75 %

Note: The Net Income data used here is four times the quarterly (Dec. 2012) net income data. The Revenue data used here is four times the quarterly (Dec. 2012) 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.


Sigma AB Asset Turnover Related Terms

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Sigma AB (OSTO:SIGM B) Business Description

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