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Strasbaugh (Strasbaugh) Asset Turnover : 0.57 (As of Jun. 2010)


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What is Strasbaugh Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Strasbaugh's Revenue for the three months ended in Jun. 2010 was $6.01 Mil. Strasbaugh's Total Assets for the quarter that ended in Jun. 2010 was $10.62 Mil. Therefore, Strasbaugh's Asset Turnover for the quarter that ended in Jun. 2010 was 0.57.

Asset Turnover is linked to ROE % through Du Pont Formula. Strasbaugh's annualized ROE % for the quarter that ended in Jun. 2010 was -27.62%. It is also linked to ROA % through Du Pont Formula. Strasbaugh's annualized ROA % for the quarter that ended in Jun. 2010 was 17.03%.


Strasbaugh Asset Turnover Historical Data

The historical data trend for Strasbaugh'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.

Strasbaugh Asset Turnover Chart

Strasbaugh Annual Data
Trend Mar98 Mar99 Mar00 Mar01 Mar02 Mar03 Mar04 Dec07 Dec08 Dec09
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 0.35 0.63 0.76 1.14

Strasbaugh Quarterly Data
Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10
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 0.18 0.26 0.53 0.61 0.57

Competitive Comparison of Strasbaugh's Asset Turnover

For the Semiconductors subindustry, Strasbaugh'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.


Strasbaugh's Asset Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Strasbaugh's Asset Turnover distribution charts can be found below:

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



Strasbaugh Asset Turnover Calculation

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

Strasbaugh's Asset Turnover for the fiscal year that ended in Dec. 2009 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2009 )/( (Total Assets (A: Dec. 2008 )+Total Assets (A: Dec. 2009 ))/ count )
=12.873/( (10.087+12.557)/ 2 )
=12.873/11.322
=1.14

Strasbaugh's Asset Turnover for the quarter that ended in Jun. 2010 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2010 )/( (Total Assets (Q: Mar. 2010 )+Total Assets (Q: Jun. 2010 ))/ count )
=6.007/( (11.157+10.075)/ 2 )
=6.007/10.616
=0.57

* 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.


Strasbaugh  (OTCPK:STRB) Asset Turnover Explanation

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

Strasbaugh's annulized ROE % for the quarter that ended in Jun. 2010 is

ROE %**(Q: Jun. 2010 )
=Net Income/Total Stockholders Equity
=1.808/-6.547
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1.808 / 24.028)*(24.028 / 10.616)*(10.616/ -6.547)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.52 %*2.2634*-1.6215
=ROA %*Equity Multiplier
=17.03 %*-1.6215
=-27.62 %

Note: The Net Income data used here is four times the quarterly (Jun. 2010) net income data. The Revenue data used here is four times the quarterly (Jun. 2010) 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:

Strasbaugh's annulized ROA % for the quarter that ended in Jun. 2010 is

ROA %(Q: Jun. 2010 )
=Net Income/Total Assets
=1.808/10.616
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1.808 / 24.028)*(24.028 / 10.616)
=Net Margin %*Asset Turnover
=7.52 %*2.2634
=17.03 %

Note: The Net Income data used here is four times the quarterly (Jun. 2010) net income data. The Revenue data used here is four times the quarterly (Jun. 2010) 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.


Strasbaugh Asset Turnover Related Terms

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Strasbaugh (Strasbaugh) Business Description

Traded in Other Exchanges
N/A
Address
825 Buckley Road, San Luis Obispo, CA, USA, 93401
Strasbaugh makes equipment that is used to make microelectronics. The company manufactures and sells CMP and grinding equipment for use in the production of semiconductor devices. Its CMP and wafer grinding systems are used to manufacture a range of mobile devices, including MEMS, LEDs, RF/power devices, thin film heads, and ICs.
Executives
Bryant R Riley director C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Miller Lloyd I Iii 10 percent owner
Richard H Nance officer: Executive VP and CFO 825 BUCKLEY ROAD, SAN LUIS OBISPO CA 93401
Wes Cummins director 4505 LORRAINE AVE, DALLAS TX 75205
Danilo Cacciamatta director
Michael B Targoff director 40 WEST 57TH ST., NEW YORK NY 10019

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