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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. Spanish Broadcasting System's Revenue for the three months ended in Mar. 2021 was $24.6 Mil. Spanish Broadcasting System's Total Assets for the quarter that ended in Mar. 2021 was $438.7 Mil. Therefore, Spanish Broadcasting System's Asset Turnover for the quarter that ended in Mar. 2021 was 0.06.
Asset Turnover is linked to ROE % through Du Pont Formula. Spanish Broadcasting System's annualized ROE % for the quarter that ended in Mar. 2021 was 79.22%. It is also linked to ROA % through Du Pont Formula. Spanish Broadcasting System's annualized ROA % for the quarter that ended in Mar. 2021 was -8.46%.
The historical data trend for Spanish Broadcasting System'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.
Spanish Broadcasting System Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 0.32 | 0.30 | 0.32 | 0.34 | 0.27 |
Spanish Broadcasting System Quarterly Data | ||||||||||||||||||||
Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | |
Asset Turnover | Get a 7-Day Free Trial | 0.08 | 0.04 | 0.07 | 0.09 | 0.06 |
For the Broadcasting subindustry, Spanish Broadcasting System'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.
For the Media - Diversified industry and Communication Services sector, Spanish Broadcasting System's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Spanish Broadcasting System's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Spanish Broadcasting System's Asset Turnover for the fiscal year that ended in Dec. 2020 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Dec. 2020 ) | / | ( (Total Assets (A: Dec. 2019 ) | + | Total Assets (A: Dec. 2020 )) | / count ) |
= | 121.939 | / | ( (469.044 | + | 451.219) | / 2 ) |
= | 121.939 | / | 460.1315 | |||
= | 0.27 |
Spanish Broadcasting System's Asset Turnover for the quarter that ended in Mar. 2021 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Mar. 2021 ) | / | ( (Total Assets (Q: Dec. 2020 ) | + | Total Assets (Q: Mar. 2021 )) | / count ) |
= | 24.643 | / | ( (451.219 | + | 426.086) | / 2 ) |
= | 24.643 | / | 438.6525 | |||
= | 0.06 |
* 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.
Spanish Broadcasting System (OTCPK:SBSAA) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Spanish Broadcasting System's annulized ROE % for the quarter that ended in Mar. 2021 is
ROE %** | (Q: Mar. 2021 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -37.112 | / | -46.8445 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-37.112 / 98.572) | * | (98.572 / 438.6525) | * | (438.6525/ -46.8445) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -37.65 % | * | 0.2247 | * | -9.364 |
= | ROA % | * | Equity Multiplier | ||
= | -8.46 % | * | -9.364 | ||
= | 79.22 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2021) net income data. The Revenue data used here is four times the quarterly (Mar. 2021) 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:
Spanish Broadcasting System's annulized ROA % for the quarter that ended in Mar. 2021 is
ROA % | (Q: Mar. 2021 ) | ||
= | Net Income | / | Total Assets |
= | -37.112 | / | 438.6525 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-37.112 / 98.572) | * | (98.572 / 438.6525) |
= | Net Margin % | * | Asset Turnover |
= | -37.65 % | * | 0.2247 |
= | -8.46 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2021) net income data. The Revenue data used here is four times the quarterly (Mar. 2021) 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.
Thank you for viewing the detailed overview of Spanish Broadcasting System's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Jose I. Molina | officer: Chief Financial Officer | C/O 7007 NW 77TH AVENUE MIAMI FL 33166 |
Richard D. Lara | officer: See Remarks | 7007 NW 77TH AVENUE MIAMI FL 33166 |
Raul Alarcon | director, 10 percent owner, officer: Chairman, CEO & President | 7007 N.W. 77TH AVENUE MIAMI FL 33166 |
Jason L Shrinsk | director | |
Joseph A Garcia | director, officer: CFO, SR. EVP | 3191 CORAL WAY MIAMI FL 33145 |
Jose Antonio Villamil | director | 2601 SOUTH BAYSHORE DRIVE, PH II, COCONUT GROVE FL 33133 |
A. Yelen Mitchell | director | C/O SPANISH BROADCASTING SYSTEM, INC., 2601 S. BAYSHORE DR. PH2 COCONUT GROVE FL 33133 |
Manuel E. Machado | director | C/O SPANISH BROADCASTING SYSTEM, INC. 2601 S. BAYSHORE DRIVE, PHII COCONUT GROVE FL 33133 |
Alberto Rodriguez | officer: Chief Revenue Officer of SBS | C/O 2601 S. BAYSHORE DRIVE PHII COCONUT GROVE FL 33133 |
Melanie Montenegro | other: EVP & General Counsel | C/O SPANISH BROADCASTING SYSTEM, INC. 2601 S. BAYSHORE DRIVE, PHII FL 33133 |
Marko Radlovic | officer: Chief Revenue Officer | |
Antonio S Fernandez | director | 2601 S BAYSHORE DRIVE MIAMI FL 33133 |
Frank Flores | officer: Chief Revenue Officer | C/O SPANISH BROADCASTING SYSTEM, INC. PH II COCONUT GROVE FL 33133 |
Cynthia Hudson-fernandez | officer: Chief Creative Officer & EVP | C/O SPANISH BROADCASTING SYSTEM, INC. 2601 S. BAYSHORE DRIVE, PH II COCONUT GROVE FL 33133 |
Dan Mason | director | C/O SPANISH BROADCASTING SYSTEM INC 2801 SOUTH BAYSHORE DR PENTHOUSE #2 COCONUT GROVE FL 33133 |
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