Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. United States Cellular's Revenue for the
three
months ended in Dec. 2023 was $1,000 Mil. United States Cellular's Total Assets for the quarter that ended in Dec. 2023 was $10,750 Mil. Therefore, United States Cellular's Asset Turnover for the quarter that ended in Dec. 2023 was 0.09.
Asset Turnover is linked to ROE % through Du Pont Formula. United States Cellular's annualizedROE % for the quarter that ended in Dec. 2023 was 1.21%. It is also linked to ROA % through Du Pont Formula. United States Cellular's annualizedROA % for the quarter that ended in Dec. 2023 was 0.52%.
United States Cellular Asset Turnover Historical Data
The historical data trend for United States Cellular'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.
Competitive Comparison of United States Cellular's Asset Turnover
For the Telecom Services subindustry, United States Cellular'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.
United States Cellular's Asset Turnover Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, United States Cellular's Asset Turnover distribution charts can be found below:
* The bar in red indicates where United States Cellular's Asset Turnover falls into.
United States Cellular Asset Turnover Calculation
Asset Turnover measures how quickly a company turns over its asset through sales.
United States Cellular's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
United States Cellular (NYSE:USM) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
United States Cellular's annulizedROE % for the quarter that ended in Dec. 2023 is
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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:
United States Cellular's annulizedROA % for the quarter that ended in Dec. 2023 is
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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.
United States Cellular Asset Turnover Related Terms
Thank you for viewing the detailed overview of United States Cellular's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
United States Cellular (United States Cellular) Business Description
U.S. Cellular is a regional wireless carrier that serves about 5 million customers spread across four major geographic clusters: the Midwest, mid-Atlantic, New England, and the Pacific Northwest. These service territories encompass a total population of about 32 million people. The vast majority of the markets the firm serves are rural or second/third-tier cities, with only the greater Milwaukee and Oklahoma City regions boasting populations greater than 1 million. U.S. Cellular also owns a 5.5% stake in Verizon Wireless' Los Angeles operations and, unlike its wireless carrier peers, owns most of its own towers.
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