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FDS Networks Group (SGX:F07) Asset Turnover : 0.00 (As of Jun. 2013)


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What is FDS Networks Group Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. FDS Networks Group's Revenue for the six months ended in Jun. 2013 was S$0.00 Mil. FDS Networks Group's Total Assets for the quarter that ended in Jun. 2013 was S$2.94 Mil. Therefore, FDS Networks Group's Asset Turnover for the quarter that ended in Jun. 2013 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. FDS Networks Group's annualized ROE % for the quarter that ended in Jun. 2013 was -215.22%. It is also linked to ROA % through Du Pont Formula. FDS Networks Group's annualized ROA % for the quarter that ended in Jun. 2013 was -88.15%.


FDS Networks Group Asset Turnover Historical Data

The historical data trend for FDS Networks 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.

FDS Networks Group Asset Turnover Chart

FDS Networks Group Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Asset Turnover
Get a 7-Day Free Trial 1.09 0.68 0.71 0.67 0.72

FDS Networks Group Semi-Annual Data
Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13
Asset Turnover Get a 7-Day Free Trial 0.33 0.31 0.37 0.83 -

Competitive Comparison of FDS Networks Group's Asset Turnover

For the Communication Equipment subindustry, FDS Networks Group'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.


FDS Networks Group's Asset Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, FDS Networks Group's Asset Turnover distribution charts can be found below:

* The bar in red indicates where FDS Networks Group's Asset Turnover falls into.



FDS Networks Group Asset Turnover Calculation

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

FDS Networks Group'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 )
=6.96/( (15.975+3.33)/ 2 )
=6.96/9.6525
=0.72

FDS Networks Group's Asset Turnover for the quarter that ended in Jun. 2013 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2013 )/( (Total Assets (Q: Dec. 2012 )+Total Assets (Q: Jun. 2013 ))/ count )
=0/( (3.33+2.542)/ 2 )
=0/2.936
=0.00

* 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.


FDS Networks Group  (SGX:F07) Asset Turnover Explanation

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

FDS Networks Group's annulized ROE % for the quarter that ended in Jun. 2013 is

ROE %**(Q: Jun. 2013 )
=Net Income/Total Stockholders Equity
=-2.588/1.2025
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-2.588 / 0)*(0 / 2.936)*(2.936/ 1.2025)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*2.4416
=ROA %*Equity Multiplier
=-88.15 %*2.4416
=-215.22 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2013) net income data. The Revenue data used here is two times the semi-annual (Jun. 2013) 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:

FDS Networks Group's annulized ROA % for the quarter that ended in Jun. 2013 is

ROA %(Q: Jun. 2013 )
=Net Income/Total Assets
=-2.588/2.936
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-2.588 / 0)*(0 / 2.936)
=Net Margin %*Asset Turnover
= %*0
=-88.15 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2013) net income data. The Revenue data used here is two times the semi-annual (Jun. 2013) 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.


FDS Networks Group Asset Turnover Related Terms

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FDS Networks Group (SGX:F07) Business Description

Traded in Other Exchanges
N/A
Address
FDS Networks Group Ltd., is incorporated in Bermuda. The Company is an investment holding company. The Company operates in four segments namely Network system integration, Distribution of networking products, Provision of technical services, and Asset management. The Network system integration segment designs and implements integrated telecommunication and/or data communication networks. Distribution of networking products segment is involved in the distribution of networking and communications hardware products covers cables, adapters, modems, multiplexers, routers, switches, frame relay products and security encryption products. Provision of technical services segment relates to after-sales technical support and services pursuant to agreed maintenance contracts. Asset management segment relates to activities on investments in quoted equities instruments.

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