Allbanc Split II (TSX:ALB.PR.C.PFD) Asset Turnover: -0.04 (As of Aug. 2020)


What is Allbanc Split II Asset Turnover?

Allbanc Split II TSX:ALB.PR.C.PFD Asset Turnover is -0.04 as of Aug. 2020.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Allbanc Split II's Revenue for the six months ended in Aug. 2020 was C$-1.09 Mil. Allbanc Split II's Total Assets for the quarter that ended in Aug. 2020 was C$31.62 Mil. Therefore, Allbanc Split II's Asset Turnover for the quarter that ended in Aug. 2020 was -0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. Allbanc Split II's annualized ROE % for the quarter that ended in Aug. 2020 was -12.59%. It is also linked to ROA % through Du Pont Formula. Allbanc Split II's annualized ROA % for the quarter that ended in Aug. 2020 was -8.19%.

Allbanc Split II  (TSX:ALB.PR.C.PFD) Asset Turnover Explanation

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

Allbanc Split II's annulized ROE % for the quarter that ended in Aug. 2020 is

ROE %**(Q: Aug. 2020 )
=Net Income/Total Stockholders Equity
=-2.59/20.571
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-2.59 / -2.184)*(-2.184 / 31.6225)*(31.6225/ 20.571)
=Net Margin %*Asset Turnover*Equity Multiplier
=118.59 %*-0.0691*1.5372
=ROA %*Equity Multiplier
=-8.19 %*1.5372
=-12.59 %

Note: The Net Income data used here is two times the semi-annual (Aug. 2020) net income data. The Revenue data used here is two times the semi-annual (Aug. 2020) 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:

Allbanc Split II's annulized ROA % for the quarter that ended in Aug. 2020 is

ROA %(Q: Aug. 2020 )
=Net Income/Total Assets
=-2.59/31.6225
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-2.59 / -2.184)*(-2.184 / 31.6225)
=Net Margin %*Asset Turnover
=118.59 %*-0.0691
=-8.19 %

Note: The Net Income data used here is two times the semi-annual (Aug. 2020) net income data. The Revenue data used here is two times the semi-annual (Aug. 2020) 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.

Allbanc Split II Asset Turnover Related Terms

Allbanc Split II Asset Turnover Historical Data

* Premium members only.

The historical data trend for Allbanc Split II'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.

Allbanc Split II Asset Turnover Chart

Allbanc Split II Annual Data
Trend Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.07 0.38 0.08 0.04 -0.02

Allbanc Split II Semi-Annual Data
Feb11 Aug11 Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20
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 0.06 -0.02 -0.03 0.02 -0.04

Allbanc Split II Asset Turnover Competitor Comparison

For the Asset Management subindustry, Allbanc Split II'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.

Allbanc Split II Asset Turnover vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Allbanc Split II's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Allbanc Split II's Asset Turnover falls into.


Allbanc Split II Asset Turnover Calculation

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

Allbanc Split II's Asset Turnover for the fiscal year that ended in Feb. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Feb. 2020 )/( (Total Assets (A: Feb. 2019 )+Total Assets (A: Feb. 2020 ))/ count )
=-0.553/( (39.366+32.547)/ 2 )
=-0.553/35.9565
=-0.02

Allbanc Split II's Asset Turnover for the quarter that ended in Aug. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Aug. 2020 )/( (Total Assets (Q: Feb. 2020 )+Total Assets (Q: Aug. 2020 ))/ count )
=-1.092/( (32.547+30.698)/ 2 )
=-1.092/31.6225
=-0.03

* 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 -0.04 mean?
Allbanc Split II (TSX:ALB.PR.C.PFD) has a Asset Turnover of -0.04 as of Aug. 2020. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Allbanc Split II and its competitors.
Is Allbanc Split II's Asset Turnover too high?
Allbanc Split II's current Asset Turnover is -0.04.
How does Allbanc Split II's Asset Turnover compare to competitors?
Allbanc Split II's Asset Turnover of -0.04 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Asset Turnover depends on the Asset Management 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 Allbanc Split II and its competitors. Allbanc Split II's current Asset Turnover is -0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Allbanc Split II stock overvalued right now?
Allbanc Split II (TSX:ALB.PR.C.PFD) has a current Asset Turnover of -0.04. The current Asset Turnover is -0.04. 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 Allbanc Split II (TSX:ALB.PR.C.PFD), the current Asset Turnover is -0.04 as of Aug. 2020. 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.

Allbanc Split II Business Description

Address 150 King Street West, 18th Floor, Toronto, ON, CAN, M5H 1J9
Allbanc Split Corp II is a Canada based company. It holds a portfolio of common shares of Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, The Bank of Nova Scotia, Royal Bank of Canada, and Toronto-Dominion Bank. The objective of the company is to invest in portfolio shares and not engage in trading.