GURUFOCUS.COM » STOCK LIST » USA » NAS » Safety Insurance Group Inc (NAS:SAFT) » Definitions » Asset Turnover
Switch to:

Safety Insurance Group Asset Turnover

: 0.09 (As of Jun. 2022)
View and export this data going back to 2002. 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. Safety Insurance Group's Revenue for the three months ended in Jun. 2022 was $177.6 Mil. Safety Insurance Group's Total Assets for the quarter that ended in Jun. 2022 was $1,969.0 Mil. Therefore, Safety Insurance Group's Asset Turnover for the quarter that ended in Jun. 2022 was 0.09.

Asset Turnover is linked to ROE % through Du Pont Formula. Safety Insurance Group's annualized ROE % for the quarter that ended in Jun. 2022 was 3.76%. It is also linked to ROA % through Du Pont Formula. Safety Insurance Group's annualized ROA % for the quarter that ended in Jun. 2022 was 1.61%.


Safety Insurance Group Asset Turnover Historical Data

The historical data trend for Safety Insurance Group'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.

Safety Insurance Group Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.47 0.45 0.45 0.41 0.42

Safety Insurance Group Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 0.11 0.10 0.10 0.09 0.09

Safety Insurance Group Asset Turnover Calculation

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

Safety Insurance Group'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 )
=864.719/( (2054.273+2117.391)/ 2 )
=864.719/2085.832
=0.41

Safety Insurance Group's Asset Turnover for the quarter that ended in Jun. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2022 )/( (Total Assets (Q: Mar. 2022 )+Total Assets (Q: Jun. 2022 ))/ count )
=177.638/( (1990.684+1947.406)/ 2 )
=177.638/1969.045
=0.09

* 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.


Safety Insurance Group  (NAS:SAFT) Asset Turnover Explanation

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

Safety Insurance Group's annulized ROE % for the quarter that ended in Jun. 2022 is

ROE %**(Q: Jun. 2022 )
=Net Income/Total Stockholders Equity
=31.604/840.2555
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(31.604 / 710.552)*(710.552 / 1969.045)*(1969.045/ 840.2555)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.45 %*0.3609*2.3434
=ROA %*Equity Multiplier
=1.61 %*2.3434
=3.76 %

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

Safety Insurance Group's annulized ROA % for the quarter that ended in Jun. 2022 is

ROA %(Q: Jun. 2022 )
=Net Income/Total Assets
=31.604/1969.045
=(Net Income / Revenue)*(Revenue / Total Assets)
=(31.604 / 710.552)*(710.552 / 1969.045)
=Net Margin %*Asset Turnover
=4.45 %*0.3609
=1.61 %

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


Safety Insurance Group Asset Turnover Related Terms

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


Safety Insurance Group Business Description

Safety Insurance Group logo
Traded in Other Exchanges
Address
20 Custom House Street, Boston, MA, USA, 02110
Safety Insurance Group Inc is a provider of private passenger automobile insurance in Massachusetts. The company also offers property and casualty insurance products, including commercial automobile, homeowners, dwelling fire, umbrella, and business owner policies. It operates in the business segment of Property and casualty insurance operations.
Executives
Farina John Daniel Jr. director 20 CUSTOM HOUSE ST BOSTON MA 02110
Gray Deborah E director 20 CUSTOM HOUSE STREET BOSTON MA 02110
Hiltpold Glenn officer: VP of Actuarial Services 20 CUSTOM HOUSE STREET BOSTON MA 02110
Moran Mary Coffey director DANVERS BANCORP, INC. ONE CONANT STREET DANVERS MA 01923
Whitford Christopher Thomas officer: VP, CFO and Secretary 20 CUSTOM HOUSE STREET BOSTON MA 02110
Srb Corp 10 percent owner 125 HIGH STREET OLIVER STREET TOWER, 9TH FLOOR BOSTON MA 02110
Palisades Safety & Insurance Association 10 percent owner C/O PLYMOUTH ROCK MANAGEMENT CO OF NJ 581 MAIN STREET, 4TH FLOOR WOODBRIDGE NJ 07095
Plymouth Rock Co Inc 10 percent owner 695 ATLANTIC AVENUE BOSTON MA 02111
Meehan Thalia director C/O SAFETY INSURANCE GROUP, INC. 20 CUSTOM HOUSE STREET BOSTON MA 02110
Drago John Patrick officer: VP - Marketing 20 CUSTOM HOUSE STREET BOSTON MA 02110
Mckeown Ann Marie officer: V.P Insurance Operations 20 CUSTOM HOUSE STREET BOSTON MA 02110
Varga Stephen Albert officer: VP - MIS 20 CUSTOM HOUSE STREET BOSTON MA 02110
Narciso Paul J officer: VP - Claims C/O SAFETY INSURANCE 20 CUSTOM HOUSE STREET BOSTON MA 02110
Murphy George officer: VP - Marketing C/O SAFETY INSURANCE GROUP, INC. 20 CUSTOM HOUSE STREET BOSTON MA 02110
Berry James officer: VP - Insurance Operations C/O SAFETY INSURANCE 20 CUSTOM HOUSE STREET BOSTON MA 02110
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)