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VSE (VSEC) Asset Turnover : 0.19 (As of Dec. 2024)


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What is VSE Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. VSE's Revenue for the three months ended in Dec. 2024 was $299 Mil. VSE's Total Assets for the quarter that ended in Dec. 2024 was $1,599 Mil. Therefore, VSE's Asset Turnover for the quarter that ended in Dec. 2024 was 0.19.

Asset Turnover is linked to ROE % through Du Pont Formula. VSE's annualized ROE % for the quarter that ended in Dec. 2024 was 5.88%. It is also linked to ROA % through Du Pont Formula. VSE's annualized ROA % for the quarter that ended in Dec. 2024 was 3.27%.


VSE Asset Turnover Historical Data

The historical data trend for VSE'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.

VSE Asset Turnover Chart

VSE Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.81 0.57 0.70 0.73 0.70

VSE Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.18 0.19 0.19 0.19

Competitive Comparison of VSE's Asset Turnover

For the Aerospace & Defense subindustry, VSE'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.


VSE's Asset Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, VSE's Asset Turnover distribution charts can be found below:

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



VSE Asset Turnover Calculation

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

VSE's Asset Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2024 )/( (Total Assets (A: Dec. 2023 )+Total Assets (A: Dec. 2024 ))/ count )
=1080.132/( (1350.338+1734.62)/ 2 )
=1080.132/1542.479
=0.70

VSE's Asset Turnover for the quarter that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=299.021/( (1463.999+1734.62)/ 2 )
=299.021/1599.3095
=0.19

* 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.


VSE  (NAS:VSEC) Asset Turnover Explanation

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

VSE's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=52.248/887.991
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(52.248 / 1196.084)*(1196.084 / 1599.3095)*(1599.3095/ 887.991)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.37 %*0.7479*1.801
=ROA %*Equity Multiplier
=3.27 %*1.801
=5.88 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 2024) 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:

VSE's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=52.248/1599.3095
=(Net Income / Revenue)*(Revenue / Total Assets)
=(52.248 / 1196.084)*(1196.084 / 1599.3095)
=Net Margin %*Asset Turnover
=4.37 %*0.7479
=3.27 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 2024) 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.


VSE Asset Turnover Related Terms

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


VSE Business Description

Traded in Other Exchanges
Address
6348 Walker Lane, Alexandria, VA, USA, 22310
VSE Corp is a diversified aftermarket products and services company providing repair services, parts distribution, logistics, supply chain management and consulting services for land, sea and air transportation assets to commercial and government markets. Its operations include supply chain management solutions, parts supply and distribution, and maintenance, repair and overhaul (MRO) services for vehicle fleet, aviation, maritime and other customers. Its reportable segments are; Aviation and Fleet. Majority of the revenue for the company is generated from the Aviation segment which is a provider of aftermarket parts distribution and MRO services for components and engine accessories supporting commercial, business and general aviation operators.
Executives
Calvin Scott Koonce director 6229 EXECUTIVE BOULEVARD, ROCKVILLE MD 20852
Edward P Dolanski director 5158 MOHAWK DRIVE, FRISCO TX 75034
John E Potter director 9009 FALLS CHAPEL WAY, POTOMAC MD 20854-2387
James F Lafond director 4401 GULF SHORE BLVD NORTH, UNIT 103, NAPLES FL 34103
Bonnie K Wachtel director 1101 FOURTEENTH STREET NW, SUITE 800, WASHINGTON DC 20005
Ralph E Eberhart director 909 N. WASHINGTON STREET, ALEXANDRIA VA 22314
Ferguson Iii Mark E director 1444 CLONCURRY ROAD, NORFOLK VA 23505
Anita D Britt director 3000 NW 107TH AVENUE, MIAMI FL 33172
Lloyd Emerson Johnson director 16737 NEW PROVIDENCE LANE, CHARLOTTE NC 28277
Benjamin E. Thomas officer: President, VSE Aviation, Inc. 3361 ENTERPRISE WAY, MIRAMAR FL 33025
Stephen D. Griffin officer: Sr. VP and CFO 6348 WALKER LANE, ALEXANDRIA VA 22310
Farinaz S Tehrani officer: Chief Legal Officer 180 EAST BROAD STREET, COLUMBUS OH 43215
Moore Robert Andrew Iii officer: President, Federal & Defense 6348 WALKER LANE, ALEXANDRIA VA 22310
John A Cuomo director, officer: CEO and President 6348 WALKER LANE, ALEXANDRIA VA 22310
Chad Wheeler officer: President, Wheeler Fleet 384 DRUM AVENUE, SOMERSET PA 15501

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