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StoneMor (StoneMor) Asset Turnover : 0.05 (As of Jun. 2022)


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What is StoneMor Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. StoneMor's Revenue for the three months ended in Jun. 2022 was $80.0 Mil. StoneMor's Total Assets for the quarter that ended in Jun. 2022 was $1,791.8 Mil. Therefore, StoneMor's Asset Turnover for the quarter that ended in Jun. 2022 was 0.05.

Asset Turnover is linked to ROE % through Du Pont Formula. StoneMor's annualized ROE % for the quarter that ended in Jun. 2022 was 41.57%. It is also linked to ROA % through Du Pont Formula. StoneMor's annualized ROA % for the quarter that ended in Jun. 2022 was -3.85%.


StoneMor Asset Turnover Historical Data

The historical data trend for StoneMor'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.

StoneMor Asset Turnover Chart

StoneMor Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.19 0.19 0.15 0.17 0.19

StoneMor Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 0.05 0.05 0.05 0.05 0.05

Competitive Comparison of StoneMor's Asset Turnover

For the Personal Services subindustry, StoneMor'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.


StoneMor's Asset Turnover Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, StoneMor's Asset Turnover distribution charts can be found below:

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



StoneMor Asset Turnover Calculation

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

StoneMor'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 )
=322.842/( (1634.963+1741.144)/ 2 )
=322.842/1688.0535
=0.19

StoneMor'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 )
=80.047/( (1785.478+1798.035)/ 2 )
=80.047/1791.7565
=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.


StoneMor  (NYSE:STON) Asset Turnover Explanation

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

StoneMor's annulized ROE % for the quarter that ended in Jun. 2022 is

ROE %**(Q: Jun. 2022 )
=Net Income/Total Stockholders Equity
=-69.044/-166.071
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-69.044 / 320.188)*(320.188 / 1791.7565)*(1791.7565/ -166.071)
=Net Margin %*Asset Turnover*Equity Multiplier
=-21.56 %*0.1787*-10.7891
=ROA %*Equity Multiplier
=-3.85 %*-10.7891
=41.57 %

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:

StoneMor's annulized ROA % for the quarter that ended in Jun. 2022 is

ROA %(Q: Jun. 2022 )
=Net Income/Total Assets
=-69.044/1791.7565
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-69.044 / 320.188)*(320.188 / 1791.7565)
=Net Margin %*Asset Turnover
=-21.56 %*0.1787
=-3.85 %

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.


StoneMor Asset Turnover Related Terms

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


StoneMor (StoneMor) Business Description

Traded in Other Exchanges
N/A
Address
3331 Street Road, Suite 200, Bensalem, PA, USA, 19020
StoneMor Inc owns and operates cemeteries and funeral homes in the United States. The company sells cemetery products and services both at the time of death, which it refers to as at-need and prior to the time of death, which it refers to as pre-need. Its two divisions are cemetery operations and funeral homes, the former accounting for the majority of revenues.
Executives
Trost Keith Edward Jr officer: See Remarks 149 FIRST AVENUE, NEWTOWN SQUARE PA 19073
Sahal S Laher officer: See Remarks 16 HANCOCK ROAD, WINDHAM NH 03087
Stonemor Inc. officer: See Remarks 3600 HORIZON BOULEVARD, TREVOSE PA 19053
Spencer E Goldenberg director C/O TERRA INCOME FUND 6, INC., 550 FIFTH AVENUE, 6TH FLOOR, NEW YORK NY 10036
Andrew Axelrod director, 10 percent owner C/O AXAR CAPITAL MANAGEMENT, LP, 402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014
Robert Page officer: See Remarks 7217 LARAMIE RIVER DRIVE, FORT COLLINS CO 80525
Lindsay Granson officer: See Remarks 300 MYSTIC VIEW CIRCLE, DOYLESTOWN PA 18901
David Miller director 53 FOREST AVENUE, OLD GREENWICH CT 06870
Stephen J. Negrotti director C/O STONEMOR PARTNERS L.P., 3600 HORIZON BOULEVARD, TREVOSE PA 19053
Kevin Patrick director 151 MARPLE ROAD, HAVERFORD PA 19041
Mangrove Partners Master Fund, Ltd. 10 percent owner 645 MADISON AVE, 14 FLOOR, NEW YORK NY 10022
Patricia D Wellenbach director C/O STONEMOR PARTNERS L.P., 3600 HORIZON BOULEVARD, TREVOSE PA 19053
Partners Mangrove 10 percent owner 645 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Joseph M Redling director, officer: President and CEO C/O STONEMOR PARTNERS L.P., 3600 HORIZON BOULEVARD, TREVOSE PA 19053
Hellman Robert B Jr director C/O AMERICAN INFRASTRUCTURE MLP FUND, 950 TOWER LANE, SUITE 800, FOSTER CITY CA 94404

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