SCCI (Shimmick Construction Company) Asset Turnover: 0.96 (As of Jun. 2015)


What is Shimmick Construction Company Asset Turnover?

Shimmick Construction Company SCCI Asset Turnover is 0.96 as of Jun. 2015.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Shimmick Construction Company's Revenue for the six months ended in Jun. 2015 was $242.00 Mil. Shimmick Construction Company's Total Assets for the quarter that ended in Jun. 2015 was $252.46 Mil. Therefore, Shimmick Construction Company's Asset Turnover for the quarter that ended in Jun. 2015 was 0.96.

Asset Turnover is linked to ROE % through Du Pont Formula. Shimmick Construction Company's annualized ROE % for the quarter that ended in Jun. 2015 was %. It is also linked to ROA % through Du Pont Formula. Shimmick Construction Company's annualized ROA % for the quarter that ended in Jun. 2015 was 4.52%.


Shimmick Construction Company  (NAS:SCCI) Asset Turnover Explanation

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

Shimmick Construction Company's annulized ROE % for the quarter that ended in Jun. 2015 is

ROE %**(Q: Jun. 2015 )
=Net Income/Total Stockholders Equity
=11.404/0
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(11.404 / 483.99)*(483.99 / 252.461)*(252.461/ 0)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.36 %*1.9171*
=ROA %*Equity Multiplier
=4.52 %*
= %

Note: The Net Income data used here is two times the semi-annual (Jun. 2015) net income data. The Revenue data used here is two times the semi-annual (Jun. 2015) 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:

Shimmick Construction Company's annulized ROA % for the quarter that ended in Jun. 2015 is

ROA %(Q: Jun. 2015 )
=Net Income/Total Assets
=11.404/252.461
=(Net Income / Revenue)*(Revenue / Total Assets)
=(11.404 / 483.99)*(483.99 / 252.461)
=Net Margin %*Asset Turnover
=2.36 %*1.9171
=4.52 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2015) net income data. The Revenue data used here is two times the semi-annual (Jun. 2015) 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.


Shimmick Construction Company Asset Turnover Related Terms


Shimmick Construction Company Asset Turnover Historical Data

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The historical data trend for Shimmick Construction Company'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.

Shimmick Construction Company Asset Turnover Chart

Shimmick Construction Company Annual Data
Trend Dec13 Dec14
Asset Turnover
1.33 1.42

Shimmick Construction Company Semi-Annual Data
Dec13 Jun14 Dec14 Jun15
Asset Turnover 0.00 0.58 0.83 0.96

SCCI vs TSSI, SWMM, SFHI: Asset Turnover Comparison

For the Engineering & Construction subindustry, Shimmick Construction Company'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.


Shimmick Construction Company Asset Turnover vs Construction Industry

For the Construction industry and Industrials sector, Shimmick Construction Company's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Shimmick Construction Company's Asset Turnover falls into.



Shimmick Construction Company Asset Turnover Calculation

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

Shimmick Construction Company's Asset Turnover for the fiscal year that ended in Dec. 2014 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2014 )/( (Total Assets (A: Dec. 2013 )+Total Assets (A: Dec. 2014 ))/ count )
=319.629/( (215.422+236.046)/ 2 )
=319.629/225.734
=1.42

Shimmick Construction Company's Asset Turnover for the quarter that ended in Jun. 2015 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2015 )/( (Total Assets (Q: Dec. 2014 )+Total Assets (Q: Jun. 2015 ))/ count )
=241.995/( (236.046+268.876)/ 2 )
=241.995/252.461
=0.96

* 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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.96 mean?
Shimmick Construction Company (SCCI) has a Asset Turnover of 0.96 as of Jun. 2015. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Shimmick Construction Company and its competitors.
Is Shimmick Construction Company's Asset Turnover too high?
Shimmick Construction Company's current Asset Turnover is 0.96.
How does Shimmick Construction Company's Asset Turnover compare to TSSI and SWMM?
Shimmick Construction Company's Asset Turnover of 0.96 can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Construction company?
A good Asset Turnover depends on the Construction industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Shimmick Construction Company and its competitors. Shimmick Construction Company's current Asset Turnover is 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shimmick Construction Company stock overvalued right now?
Shimmick Construction Company (SCCI) has a current Asset Turnover of 0.96. The current Asset Turnover is 0.96. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Shimmick Construction Company (SCCI), the current Asset Turnover is 0.96 as of Jun. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Shimmick Construction Company Business Description

Shimmick Construction Company Inc is a heavy civil construction company founded in 1990. The Company is engaged in construction activities in the western United States, with operations in California. The Company offers general construction, construction management, and design-build services to federal, state, and local public agencies and private customers in California and the Western United States. The Company operates in two segments including construction Projects and Construction Materials. The Construction Projects segment performs construction projects including new construction and improvement of streets, roads, highways, bridges, site work, underground, power-related facilities, utilities and other infrastructure projects. The Construction Materials segment mines and processes aggregates and operates plants that produce construction materials for internal use and for sale to third parties. The Company's customers include Caltrans, City of San Francisco, Port of Long Beach, Port of Los Angeles, City of Los Angeles, LA MTA, BART, VTA, and the Metropolitan Water District of Southern California (MWD). The Company faces competition from competitors including Balfour Beatty plc, Barnard Construction Company, Inc., Dragados S.A., Flatiron Construction Corp., Fluor Corporation, Granite Construction Incorporated, Kiewit Corporation, Obayashi Corporation, Skanska AB, Traylor Bros., Inc., Tutor Perini Corporation, and Walsh Construction Co. The Company's business is subject to various federal, state and local laws and regulations relating to the environment, including those relating to discharges to air, water and land, the handling and disposal of solid and hazardous waste, the handling of underground storage tanks and the cleanup of properties affected by hazardous substances.