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Naibu Global International Co (STU:NGC) Asset Turnover : 0.66 (As of Jun. 2014)


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What is Naibu Global International Co Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Naibu Global International Co's Revenue for the three months ended in Jun. 2014 was €1,030 Mil. Naibu Global International Co's Total Assets for the quarter that ended in Jun. 2014 was €1,570 Mil. Therefore, Naibu Global International Co's Asset Turnover for the quarter that ended in Jun. 2014 was 0.66.

Asset Turnover is linked to ROE % through Du Pont Formula. Naibu Global International Co's annualized ROE % for the quarter that ended in Jun. 2014 was 44.92%. It is also linked to ROA % through Du Pont Formula. Naibu Global International Co's annualized ROA % for the quarter that ended in Jun. 2014 was 38.61%.


Naibu Global International Co Asset Turnover Historical Data

The historical data trend for Naibu Global International Co'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.

Naibu Global International Co Asset Turnover Chart

Naibu Global International Co Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Asset Turnover
Get a 7-Day Free Trial 3.28 3.00 2.11 1.62 1.45

Naibu Global International Co Quarterly Data
Jun12 Dec12 Jun13 Dec13 Jun14
Asset Turnover - 0.76 0.76 0.69 0.66

Competitive Comparison of Naibu Global International Co's Asset Turnover

For the Footwear & Accessories subindustry, Naibu Global International Co'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.


Naibu Global International Co's Asset Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Naibu Global International Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Naibu Global International Co's Asset Turnover falls into.



Naibu Global International Co Asset Turnover Calculation

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

Naibu Global International Co's Asset Turnover for the fiscal year that ended in Dec. 2013 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2013 )/( (Total Assets (A: Dec. 2012 )+Total Assets (A: Dec. 2013 ))/ count )
=1927.967/( (1171.053+1491.163)/ 2 )
=1927.967/1331.108
=1.45

Naibu Global International Co's Asset Turnover for the quarter that ended in Jun. 2014 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2014 )/( (Total Assets (Q: Dec. 2013 )+Total Assets (Q: Jun. 2014 ))/ count )
=1029.912/( (1491.163+1649.326)/ 2 )
=1029.912/1570.2445
=0.66

* 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.


Naibu Global International Co  (STU:NGC) Asset Turnover Explanation

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

Naibu Global International Co's annulized ROE % for the quarter that ended in Jun. 2014 is

ROE %**(Q: Jun. 2014 )
=Net Income/Total Stockholders Equity
=606.248/1349.5815
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(606.248 / 4119.648)*(4119.648 / 1570.2445)*(1570.2445/ 1349.5815)
=Net Margin %*Asset Turnover*Equity Multiplier
=14.72 %*2.6236*1.1635
=ROA %*Equity Multiplier
=38.61 %*1.1635
=44.92 %

Note: The Net Income data used here is four times the quarterly (Jun. 2014) net income data. The Revenue data used here is four times the quarterly (Jun. 2014) 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:

Naibu Global International Co's annulized ROA % for the quarter that ended in Jun. 2014 is

ROA %(Q: Jun. 2014 )
=Net Income/Total Assets
=606.248/1570.2445
=(Net Income / Revenue)*(Revenue / Total Assets)
=(606.248 / 4119.648)*(4119.648 / 1570.2445)
=Net Margin %*Asset Turnover
=14.72 %*2.6236
=38.61 %

Note: The Net Income data used here is four times the quarterly (Jun. 2014) net income data. The Revenue data used here is four times the quarterly (Jun. 2014) 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.


Naibu Global International Co Asset Turnover Related Terms

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Naibu Global International Co (STU:NGC) Business Description

Traded in Other Exchanges
N/A
Address
Naibu Global International Co PLC was incorporated on December 15, 2011. The Company designs, manufactures and supplies Naibu branded sports shoes, and design and supply Naibu branded clothing and accessories in the People's Republic of China. Its business segments are organised as: Design, manufacture and sale of sports and leisure footwear which comprise athletic footwear designed for specific sporting activities such as running, tennis, basketball and skate board as well as leisure footwear, marketed under the 'Naibu' brand, and Design and sale of sports of sports apparel and accessories which comprise apparel for specific sporting activities such as running, tennis, basketball and leisure; functional apparel such as t-shirts, polo shirts and windbreakers; and accessories such as sport bags, caps, socks, protective guards and basketballs, marketed under the 'Naibu' brand.