GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Railpower Technologies Corp (OTCPK:RLPHQ) » Definitions » Asset Turnover

Railpower Technologies (Railpower Technologies) Asset Turnover : 0.04 (As of Sep. 2008)


View and export this data going back to . Start your Free Trial

What is Railpower Technologies Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Railpower Technologies's Revenue for the three months ended in Sep. 2008 was $2.72 Mil. Railpower Technologies's Total Assets for the quarter that ended in Sep. 2008 was $61.36 Mil. Therefore, Railpower Technologies's Asset Turnover for the quarter that ended in Sep. 2008 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. Railpower Technologies's annualized ROE % for the quarter that ended in Sep. 2008 was -260.84%. It is also linked to ROA % through Du Pont Formula. Railpower Technologies's annualized ROA % for the quarter that ended in Sep. 2008 was -43.97%.


Railpower Technologies Asset Turnover Historical Data

The historical data trend for Railpower Technologies'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.

Railpower Technologies Asset Turnover Chart

Railpower Technologies Annual Data
Trend Sep00 Sep01 Sep02 Sep03 Dec04 Dec05 Dec06 Dec07
Asset Turnover
Get a 7-Day Free Trial 0.03 0.02 0.23 0.27 1.89

Railpower Technologies Quarterly Data
Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08
Asset Turnover Get a 7-Day Free Trial 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 0.57 - 0.08 0.08 0.04

Competitive Comparison of Railpower Technologies's Asset Turnover

For the Railroads subindustry, Railpower Technologies'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.


Railpower Technologies's Asset Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Railpower Technologies's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Railpower Technologies's Asset Turnover falls into.



Railpower Technologies Asset Turnover Calculation

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

Railpower Technologies's Asset Turnover for the fiscal year that ended in Dec. 2007 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2007 )/( (Total Assets (A: Dec. 2006 )+Total Assets (A: Dec. 2007 ))/ count )
=95.624/( (73.049+28.076)/ 2 )
=95.624/50.5625
=1.89

Railpower Technologies's Asset Turnover for the quarter that ended in Sep. 2008 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2008 )/( (Total Assets (Q: Jun. 2008 )+Total Assets (Q: Sep. 2008 ))/ count )
=2.723/( (66.339+56.385)/ 2 )
=2.723/61.362
=0.04

* 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.


Railpower Technologies  (OTCPK:RLPHQ) Asset Turnover Explanation

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

Railpower Technologies's annulized ROE % for the quarter that ended in Sep. 2008 is

ROE %**(Q: Sep. 2008 )
=Net Income/Total Stockholders Equity
=-26.98/10.3435
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-26.98 / 10.892)*(10.892 / 61.362)*(61.362/ 10.3435)
=Net Margin %*Asset Turnover*Equity Multiplier
=-247.7 %*0.1775*5.9324
=ROA %*Equity Multiplier
=-43.97 %*5.9324
=-260.84 %

Note: The Net Income data used here is four times the quarterly (Sep. 2008) net income data. The Revenue data used here is four times the quarterly (Sep. 2008) 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:

Railpower Technologies's annulized ROA % for the quarter that ended in Sep. 2008 is

ROA %(Q: Sep. 2008 )
=Net Income/Total Assets
=-26.98/61.362
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-26.98 / 10.892)*(10.892 / 61.362)
=Net Margin %*Asset Turnover
=-247.7 %*0.1775
=-43.97 %

Note: The Net Income data used here is four times the quarterly (Sep. 2008) net income data. The Revenue data used here is four times the quarterly (Sep. 2008) 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.


Railpower Technologies Asset Turnover Related Terms

Thank you for viewing the detailed overview of Railpower Technologies's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Railpower Technologies (Railpower Technologies) Business Description

Traded in Other Exchanges
N/A
Address
9955 De Catania Avenue, Suite 105, Brossard, QC, CAN, J4Z 3V5
Railpower Technologies Corp is engaged in the development, construction, marketing and sales of high performance, clean locomotives and power plants for the transportation and related industries.

Railpower Technologies (Railpower Technologies) Headlines

No Headlines