D.E. Master Blenders 1753 N.V. (XAMS:DE) Asset Turnover : 0.83 (As of Jun. 2012)

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What is D.E. Master Blenders 1753 N.V. Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. D.E. Master Blenders 1753 N.V.'s Revenue for the six months ended in Jun. 2012 was €2,795 Mil. D.E. Master Blenders 1753 N.V.'s Total Assets for the quarter that ended in Jun. 2012 was €3,376 Mil. Therefore, D.E. Master Blenders 1753 N.V.'s Asset Turnover for the quarter that ended in Jun. 2012 was 0.83.

Asset Turnover is linked to ROE % through Du Pont Formula. D.E. Master Blenders 1753 N.V.'s annualized ROE % for the quarter that ended in Jun. 2012 was 14.73%. It is also linked to ROA % through Du Pont Formula. D.E. Master Blenders 1753 N.V.'s annualized ROA % for the quarter that ended in Jun. 2012 was 7.83%.

D.E. Master Blenders 1753 N.V. Asset Turnover Historical Data

The historical data trend for D.E. Master Blenders 1753 N.V.'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.

D.E. Master Blenders 1753 N.V. Asset Turnover Chart

D.E. Master Blenders 1753 N.V. Annual Data

Trend

Jun11

Jun12

Asset Turnover

0.57

0.83

D.E. Master Blenders 1753 N.V. Semi-Annual Data
	Jun11	Jun12
Asset Turnover	0.57	0.83

Competitive Comparison of D.E. Master Blenders 1753 N.V.'s Asset Turnover

For the Packaged Foods subindustry, D.E. Master Blenders 1753 N.V.'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.

D.E. Master Blenders 1753 N.V.'s Asset Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, D.E. Master Blenders 1753 N.V.'s Asset Turnover distribution charts can be found below:

* The bar in red indicates where D.E. Master Blenders 1753 N.V.'s Asset Turnover falls into.

D.E. Master Blenders 1753 N.V. Asset Turnover Calculation

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

D.E. Master Blenders 1753 N.V.'s Asset Turnover for the fiscal year that ended in Jun. 2012 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Jun. 2012 )	/	( (Total Assets (A: Jun. 2011 )	+	Total Assets (A: Jun. 2012 ))	/ count )
=	2795.018	/	( (4588.093	+	2163.988)	/ 2 )
=	2795.018	/	3376.0405
=	0.83

D.E. Master Blenders 1753 N.V.'s Asset Turnover for the quarter that ended in Jun. 2012 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Jun. 2012 )	/	( (Total Assets (Q: Jun. 2011 )	+	Total Assets (Q: Jun. 2012 ))	/ count )
=	2795.018	/	( (4588.093	+	2163.988)	/ 2 )
=	2795.018	/	3376.0405
=	0.83

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.

D.E. Master Blenders 1753 N.V. (XAMS:DE) Asset Turnover Explanation

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

D.E. Master Blenders 1753 N.V.'s annulized ROE % for the quarter that ended in Jun. 2012 is

	ROE %^**		(Q: Jun. 2012 )
=	Net Income	/	Total Stockholders Equity
=	264.382	/	1794.3325
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(264.382 / 5590.036)	*	(5590.036 / 3376.0405)	*	(3376.0405/ 1794.3325)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	4.73 %	*	1.6558	*	1.8815
=	ROA %	*	Equity Multiplier
=	7.83 %	*	1.8815
=	14.73 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2012) net income data. The Revenue data used here is two times the semi-annual (Jun. 2012) revenue data.

^** 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:

D.E. Master Blenders 1753 N.V.'s annulized ROA % for the quarter that ended in Jun. 2012 is

	ROA %		(Q: Jun. 2012 )
=	Net Income	/	Total Assets
=	264.382	/	3376.0405
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(264.382 / 5590.036)	*	(5590.036 / 3376.0405)
=	Net Margin %	*	Asset Turnover
=	4.73 %	*	1.6558
=	7.83 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2012) net income data. The Revenue data used here is two times the semi-annual (Jun. 2012) revenue data.

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.

D.E. Master Blenders 1753 N.V. Asset Turnover Related Terms

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D.E. Master Blenders 1753 N.V. (XAMS:DE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » D.E. Master Blenders 1753 N.V. (XAMS:DE) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.demasterblenders1753.com

D E Master Blenders 1753 NV was incorporated on February 27, 2012 as a private company with limited liability. On April 4, 2012, it changed its name to D.E MASTER BLENDERS 1753 B.V. and moved its corporate seat to Joure (SkasterlÃ¢n), the Netherlands. The Company is a pure-play coffee and tea company that offers high-quality, coffee and tea products that are known in retail and out of home markets across Europe, Brazil, Australia and Thailand. It has a portfolio of coffee and tea brands that address the needs of both its retail and out of home customers in its markets. The Company's segments are Retail-Western Europe, Retail-Rest of World and Out of Home. In Retail-Western Europe and Retail-Rest of World segments, its principal products are multi-serve coffee, single-serve coffee pads and capsules, instant coffee and tea. It sells these products predominantly to supermarkets, hypermarkets and through international buying groups. In its Out of Home segment, it offers hot beverage products but focus on its liquid roast products and related coffee machines. Its products and the related machines in the Out of Home segment are sold either directly to businesses, hotels, hospitals and restaurants or to foodservice distributors for distribution to the customer. Douwe Egberts is the Company's established brand in the multi-serve category and coffee brand in the Netherlands and Belgium and also has solid market positions in the United Kingdom and Hungary. In addition to Douwe Egberts, its multi-serve coffee is sold under the following brands: L'OR and Maison du CafÃ© in France, Marcilla in Spain,Merrild in Denmark, Harris in Australia, Kanis & Gunnink in the Netherlands, Jacqmotte in Belgium, Prima in Poland, and PilÃ£o, Caboclo, Damasco and Moka in Brazil. Its single-serve coffee is sold under the brand name Senseo which is generally co-branded, such as Douwe Egberts Senseo and L'OR Senseo, in the Netherlands, Belgium, France, Germany, and Spain and selected other countries. In April 2010, it launched the L'OR EspressO capsules brand in France, and L'OR EspressO has subsequently been successfully launched in the Netherlands and Belgium. In May 2011, it successfully launched its capsules brand in Spain as L'aRÃ´me EspressO. The Company's instant coffee is sold under the Moccona brand in Australia and Thailand, under the Douwe Egberts brand in the United Kingdom and under local brands in certain of its markets. Its tea is sold under the brand names Pickwick in the Netherlands, Belgium, the Czech Republic, Hungary and Denmark and Hornimans in Spain. The Out of Home segment operates under the Cafitesse umbrella brand, which is principally co-branded Douwe Egberts Cafitesse, for its liquid roast coffee products and machines and under its Piazza D'Oro brand for premium espresso products and machines. The Company competes with other large international and national coffee and tea companies as well as smaller regional and specialty coffee and te