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PWC Capital (TSX:PWC.PR.B.PFD) Asset Turnover : 0.01 (As of Jan. 2017)


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What is PWC Capital Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. PWC Capital's Revenue for the three months ended in Jan. 2017 was C$11.43 Mil. PWC Capital's Total Assets for the quarter that ended in Jan. 2017 was C$1,738.70 Mil. Therefore, PWC Capital's Asset Turnover for the quarter that ended in Jan. 2017 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. PWC Capital's annualized ROE % for the quarter that ended in Jan. 2017 was 24.43%. It is also linked to ROA % through Du Pont Formula. PWC Capital's annualized ROA % for the quarter that ended in Jan. 2017 was 2.73%.


PWC Capital Asset Turnover Historical Data

The historical data trend for PWC Capital'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.

PWC Capital Asset Turnover Chart

PWC Capital Annual Data
Trend Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Oct16
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.01 0.01 0.02 0.02

PWC Capital Quarterly Data
Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17
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 0.01 - 0.01 0.01 0.01

Competitive Comparison of PWC Capital's Asset Turnover

For the Banks - Regional subindustry, PWC Capital'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.


PWC Capital's Asset Turnover Distribution in the Banks Industry

For the Banks industry and Financial Services sector, PWC Capital's Asset Turnover distribution charts can be found below:

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



PWC Capital Asset Turnover Calculation

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

PWC Capital's Asset Turnover for the fiscal year that ended in Oct. 2016 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Oct. 2016 )/( (Total Assets (A: Oct. 2015 )+Total Assets (A: Oct. 2016 ))/ count )
=39.677/( (1625.806+1704.4)/ 2 )
=39.677/1665.103
=0.02

PWC Capital's Asset Turnover for the quarter that ended in Jan. 2017 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jan. 2017 )/( (Total Assets (Q: Oct. 2016 )+Total Assets (Q: Jan. 2017 ))/ count )
=11.432/( (1704.4+1773.004)/ 2 )
=11.432/1738.702
=0.01

* 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.


PWC Capital  (TSX:PWC.PR.B.PFD) Asset Turnover Explanation

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

PWC Capital's annulized ROE % for the quarter that ended in Jan. 2017 is

ROE %**(Q: Jan. 2017 )
=Net Income/Total Stockholders Equity
=47.456/194.2335
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(47.456 / 45.728)*(45.728 / 1738.702)*(1738.702/ 194.2335)
=Net Margin %*Asset Turnover*Equity Multiplier
=103.78 %*0.0263*8.9516
=ROA %*Equity Multiplier
=2.73 %*8.9516
=24.43 %

Note: The Net Income data used here is four times the quarterly (Jan. 2017) net income data. The Revenue data used here is four times the quarterly (Jan. 2017) 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:

PWC Capital's annulized ROA % for the quarter that ended in Jan. 2017 is

ROA %(Q: Jan. 2017 )
=Net Income/Total Assets
=47.456/1738.702
=(Net Income / Revenue)*(Revenue / Total Assets)
=(47.456 / 45.728)*(45.728 / 1738.702)
=Net Margin %*Asset Turnover
=103.78 %*0.0263
=2.73 %

Note: The Net Income data used here is four times the quarterly (Jan. 2017) net income data. The Revenue data used here is four times the quarterly (Jan. 2017) 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.


PWC Capital Asset Turnover Related Terms

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


PWC Capital (TSX:PWC.PR.B.PFD) Business Description

Traded in Other Exchanges
N/A
Address
Pacific & Western Credit Corp is a holding company. The Company's wholly-owned and main subsidiary is Pacific & Western Bank of Canada, which provides financial solutions to clients in selected niche markets. The Bank receives deposits through a diversified network of deposit brokers and is a member institution of the Canada Deposit Insurance Corporation ('CDIC'). The Bank invests these funds in loans, leases, commercial mortgages, residential development mortgages, equity and debt of corporations, and government guaranteed securities, all of which are selected to provide lower returns on equity but with limited risk of default. The Bank has two main business activities, namely deposit services and lending services. Deposit services are located in Saskatoon, Saskatchewan. Deposits, consisting of guaranteed investment certificates and daily interest savings accounts, eligible for CDIC insurance, are raised through a diversified network of deposit brokers across Canada. The Bank's business is comprised of three core lending segments, being real estate lending, public sector lending and commercial lending. The Bank's real estate lending portfolio is organized into four categories, being land and construction loans, residential term mortgages, commercial term mortgages, and insured mortgages. The Bank provides land and construction loans, residential term mortgages, commercial term mortgages, and insured mortgages.

PWC Capital (TSX:PWC.PR.B.PFD) Headlines

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