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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. WellCare Health Plans's Revenue for the three months ended in Sep. 2019 was $7,140 Mil. WellCare Health Plans's Total Assets for the quarter that ended in Sep. 2019 was $13,534 Mil. Therefore, WellCare Health Plans's Asset Turnover for the quarter that ended in Sep. 2019 was 0.53.
Asset Turnover is linked to ROE % through Du Pont Formula. WellCare Health Plans's annualized ROE % for the quarter that ended in Sep. 2019 was 20.38%. It is also linked to ROA % through Du Pont Formula. WellCare Health Plans's annualized ROA % for the quarter that ended in Sep. 2019 was 7.12%.
The historical data trend for WellCare Health Plans'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.
WellCare Health Plans Annual Data | |||||||||||||||||||||
Trend | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 3.26 | 2.88 | 2.52 | 2.34 | 2.03 |
WellCare Health Plans Quarterly Data | ||||||||||||||||||||
Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | |
Asset Turnover | Get a 7-Day Free Trial | 0.45 | 0.50 | 0.54 | 0.53 | 0.53 |
For the Healthcare Plans subindustry, WellCare Health Plans'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.
For the Healthcare Plans industry and Healthcare sector, WellCare Health Plans's Asset Turnover distribution charts can be found below:
* The bar in red indicates where WellCare Health Plans's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
WellCare Health Plans's Asset Turnover for the fiscal year that ended in Dec. 2018 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Dec. 2018 ) | / | ( (Total Assets (A: Dec. 2017 ) | + | Total Assets (A: Dec. 2018 )) | / count ) |
= | 20414.1 | / | ( (8364.6 | + | 11764.7) | / 2 ) |
= | 20414.1 | / | 10064.65 | |||
= | 2.03 |
WellCare Health Plans's Asset Turnover for the quarter that ended in Sep. 2019 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Sep. 2019 ) | / | ( (Total Assets (Q: Jun. 2019 ) | + | Total Assets (Q: Sep. 2019 )) | / count ) |
= | 7140.2 | / | ( (13205.5 | + | 13861.7) | / 2 ) |
= | 7140.2 | / | 13533.6 | |||
= | 0.53 |
* 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.
WellCare Health Plans (NYSE:WCG) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
WellCare Health Plans's annulized ROE % for the quarter that ended in Sep. 2019 is
ROE %** | (Q: Sep. 2019 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 964 | / | 4729.85 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (964 / 28560.8) | * | (28560.8 / 13533.6) | * | (13533.6/ 4729.85) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 3.38 % | * | 2.1104 | * | 2.8613 |
= | ROA % | * | Equity Multiplier | ||
= | 7.12 % | * | 2.8613 | ||
= | 20.38 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2019) net income data. The Revenue data used here is four times the quarterly (Sep. 2019) 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:
WellCare Health Plans's annulized ROA % for the quarter that ended in Sep. 2019 is
ROA % | (Q: Sep. 2019 ) | ||
= | Net Income | / | Total Assets |
= | 964 | / | 13533.6 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (964 / 28560.8) | * | (28560.8 / 13533.6) |
= | Net Margin % | * | Asset Turnover |
= | 3.38 % | * | 2.1104 |
= | 7.12 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2019) net income data. The Revenue data used here is four times the quarterly (Sep. 2019) 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.
Thank you for viewing the detailed overview of WellCare Health Plans's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
William L Trubeck | director | ONE H&R BLOCK WAY, KANSAS CITY MO 64105 |
H James Dallas | director | 127 PUBLIC SQUARE, CLEVELAND OH 44114 |
Kenneth A Burdick | director, officer: Chief Executive Officer | 6705 ROCKLEDGE DR, SUITE 900, BETHESDA MD 20817 |
Anat Hakim | officer: EVP, General Counsel/Secretary | LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285 |
Paul E Weaver | director | C/O GATEWAY, INC., 7565 IRVINE CENTER DRIVE, IRVINE CA 92618 |
Steele Glenn Jr Md Phd | director | 250 TECHNOLOGY PARK, LAKE MARY FL 32746-6232 |
Carol Burt | director | C/O WELLCARE HEALTH PLANS, INC., 8725 HENDERSON ROAD, TAMPA FL 33634 |
Roel C Campos | director | 509 WEST BUTLER ROAD, GREENVILLE SC 29607 |
Maurice Hebert | officer: Chief Accounting Officer | C/O WELLCARE HEALTH PLANS, INC., 8735 HENDERSON ROAD, TAMPA FL 33634 |
David J Gallitano | director | 3552 CHURCH ROAD, ELLICOTT CITY MD 21043 |
Thomas L Tran | officer: Chief Financial Officer | 8735 HENDERSON ROAD, TAMPA FL 33625 |
Lisa G Iglesias | officer: SVP, General Counsel | 1 FOUNTAIN SQUARE, LAW DEPT. 7S730, CHATTANOOGA TN 37402 |
Lucinda M. Baily | officer: Chief Compliance Officer | 10910 DOMAIN DRIVE, SUITE 300, AUSTIN TX 78758 |
Walter W. Cooper | officer: Chief Administrative Officer | 8725 HENDERSON ROAD, REN. 1, TAMPA FL 33634 |
Charles Berg | other: Former Director | 48 MONROE TURNPIKE, TRUMBULL CT 06611 |
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