KDM Shipping (WAR:KDM) Asset Turnover: 0.46 (As of Jun. 2018)


What is KDM Shipping Asset Turnover?

KDM Shipping WAR:KDM Asset Turnover is 0.46 as of Jun. 2018.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. KDM Shipping's Revenue for the six months ended in Jun. 2018 was zł60.2 Mil. KDM Shipping's Total Assets for the quarter that ended in Jun. 2018 was zł131.2 Mil. Therefore, KDM Shipping's Asset Turnover for the quarter that ended in Jun. 2018 was 0.46.

Asset Turnover is linked to ROE % through Du Pont Formula. KDM Shipping's annualized ROE % for the quarter that ended in Jun. 2018 was 17.80%. It is also linked to ROA % through Du Pont Formula. KDM Shipping's annualized ROA % for the quarter that ended in Jun. 2018 was 16.33%.

KDM Shipping  (WAR:KDM) Asset Turnover Explanation

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

KDM Shipping's annulized ROE % for the quarter that ended in Jun. 2018 is

ROE %**(Q: Jun. 2018 )
=Net Income/Total Stockholders Equity
=21.43/120.39
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(21.43 / 120.424)*(120.424 / 131.219)*(131.219/ 120.39)
=Net Margin %*Asset Turnover*Equity Multiplier
=17.8 %*0.9177*1.0899
=ROA %*Equity Multiplier
=16.33 %*1.0899
=17.80 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2018) net income data. The Revenue data used here is two times the semi-annual (Jun. 2018) 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:

KDM Shipping's annulized ROA % for the quarter that ended in Jun. 2018 is

ROA %(Q: Jun. 2018 )
=Net Income/Total Assets
=21.43/131.219
=(Net Income / Revenue)*(Revenue / Total Assets)
=(21.43 / 120.424)*(120.424 / 131.219)
=Net Margin %*Asset Turnover
=17.8 %*0.9177
=16.33 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2018) net income data. The Revenue data used here is two times the semi-annual (Jun. 2018) 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.

KDM Shipping Asset Turnover Related Terms

KDM Shipping Asset Turnover Historical Data

* Premium members only.

The historical data trend for KDM Shipping'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.

KDM Shipping Asset Turnover Chart

KDM Shipping Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Asset Turnover
Get a 7-Day Free Trial 0.48 0.34 0.42 0.62 0.75

KDM Shipping Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
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 0.30 0.30 0.22 0.52 0.46

WAR:KDM vs ESEA, GLBS, SHIP: Asset Turnover Comparison

For the Marine Shipping subindustry, KDM Shipping'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.

KDM Shipping Asset Turnover vs Transportation Industry

For the Transportation industry and Industrials sector, KDM Shipping's Asset Turnover distribution charts can be found below:

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


KDM Shipping Asset Turnover Calculation

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

KDM Shipping's Asset Turnover for the fiscal year that ended in Dec. 2017 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2017 )/( (Total Assets (A: Dec. 2016 )+Total Assets (A: Dec. 2017 ))/ count )
=104.866/( (141.69+137.361)/ 2 )
=104.866/139.5255
=0.75

KDM Shipping's Asset Turnover for the quarter that ended in Jun. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2018 )/( (Total Assets (Q: Dec. 2017 )+Total Assets (Q: Jun. 2018 ))/ count )
=60.212/( (137.361+125.077)/ 2 )
=60.212/131.219
=0.46

* 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 0.46 mean?
KDM Shipping (WAR:KDM) has a Asset Turnover of 0.46 as of Jun. 2018. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on KDM Shipping and its competitors.
Is KDM Shipping's Asset Turnover too high?
KDM Shipping's current Asset Turnover is 0.46.
How does KDM Shipping's Asset Turnover compare to ESEA and GLBS?
KDM Shipping's Asset Turnover of 0.46 can be compared against companies in the Transportation 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 a Transportation company?
A good Asset Turnover depends on the Transportation 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 KDM Shipping and its competitors. KDM Shipping's current Asset Turnover is 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KDM Shipping stock overvalued right now?
KDM Shipping (WAR:KDM) has a current Asset Turnover of 0.46. The current Asset Turnover is 0.46. 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 KDM Shipping (WAR:KDM), the current Asset Turnover is 0.46 as of Jun. 2018. 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.

KDM Shipping Business Description

Address 3 Michael Koutsofta Street, Limassol, CYP, 3031
KDM Shipping PLC is engaged in the shipping industry. It mainly focuses on the bulk river-sea freight in the Black, Azov and Mediterranean Sea regions. In addition, it is engaged in cargo freight, ship repair, and trading in grain, corn, oil and barley. The principal cargo of the company includes Grain, Metal Scrap, Sunflower seed meal, Bran, Fertilizers, and Cement.