Cameron International (Cameron International) Asset Turnover : 0.18 (As of Dec. 2015)

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What is Cameron International Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Cameron International's Revenue for the three months ended in Dec. 2015 was $2,079 Mil. Cameron International's Total Assets for the quarter that ended in Dec. 2015 was $11,555 Mil. Therefore, Cameron International's Asset Turnover for the quarter that ended in Dec. 2015 was 0.18.

Asset Turnover is linked to ROE % through Du Pont Formula. Cameron International's annualized ROE % for the quarter that ended in Dec. 2015 was 11.13%. It is also linked to ROA % through Du Pont Formula. Cameron International's annualized ROA % for the quarter that ended in Dec. 2015 was 4.33%.

Cameron International Asset Turnover Historical Data

The historical data trend for Cameron International'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.

Cameron International Asset Turnover Chart

Cameron International Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Asset Turnover

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0.80

0.76

0.72

0.77

0.72

Cameron International Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Asset Turnover	Get a 7-Day Free Trial															0.22	0.18	0.19	0.19	0.18

Competitive Comparison of Cameron International's Asset Turnover

For the Oil & Gas Equipment & Services subindustry, Cameron International'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.

Cameron International's Asset Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cameron International's Asset Turnover distribution charts can be found below:

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

Cameron International Asset Turnover Calculation

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

Cameron International's Asset Turnover for the fiscal year that ended in Dec. 2015 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Dec. 2015 )	/	( (Total Assets (A: Dec. 2014 )	+	Total Assets (A: Dec. 2015 ))	/ count )
=	8782	/	( (12892	+	11500)	/ 2 )
=	8782	/	12196
=	0.72

Cameron International's Asset Turnover for the quarter that ended in Dec. 2015 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Dec. 2015 )	/	( (Total Assets (Q: Sep. 2015 )	+	Total Assets (Q: Dec. 2015 ))	/ count )
=	2079	/	( (11609	+	11500)	/ 2 )
=	2079	/	11554.5
=	0.18

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.

Cameron International (NYSE:CAM) Asset Turnover Explanation

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

Cameron International's annulized ROE % for the quarter that ended in Dec. 2015 is

	ROE %^**		(Q: Dec. 2015 )
=	Net Income	/	Total Stockholders Equity
=	500	/	4491.5
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(500 / 8316)	*	(8316 / 11554.5)	*	(11554.5/ 4491.5)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	6.01 %	*	0.7197	*	2.5725
=	ROA %	*	Equity Multiplier
=	4.33 %	*	2.5725
=	11.13 %

Note: The Net Income data used here is four times the quarterly (Dec. 2015) net income data. The Revenue data used here is four times the quarterly (Dec. 2015) 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:

Cameron International's annulized ROA % for the quarter that ended in Dec. 2015 is

	ROA %		(Q: Dec. 2015 )
=	Net Income	/	Total Assets
=	500	/	11554.5
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(500 / 8316)	*	(8316 / 11554.5)
=	Net Margin %	*	Asset Turnover
=	6.01 %	*	0.7197
=	4.33 %

Note: The Net Income data used here is four times the quarterly (Dec. 2015) net income data. The Revenue data used here is four times the quarterly (Dec. 2015) 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.

Cameron International Asset Turnover Related Terms

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Cameron International (Cameron International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cameron International Corp (NYSE:CAM) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.c-a-m.com

Cameron International Corp, a Delaware corporation, was incorporated on November 10, 1994. The Company is a provider of flow equipment products, systems and services to oil, gas and process industries. Cooper Cameron is also a manufacturer of centrifugal air compressors, integral and separable gas compressors and turbochargers. The Company's operations are organized into three business segments: Drilling & Production Systems 'DPS', Valves & Measurement 'V&M' and Compression Systems 'CS'. DPS is a provider of systems and equipment used to control pressures, direct flows of oil and gas wells and separate oil and gas from impurities. DPS's products include surface and subsea production systems, blowout preventers, drilling and production control systems, oil and gas separation equipment, gas conditioning units, membrane separation systems, water processing systems, block valves, gate valves, actuators, chokes, wellheads, drilling riser and aftermarket parts and services. DPS's customers include oil and gas majors, national oil companies, independent producers, engineering and construction companies, drilling contractors, rental companies and geothermal energy producers. V&M is a provider of valves and also supplies measurement systems mainly used to control, direct and measure the flow of oil and gas as it moved from individual wellheads through flow lines, gathering lines and transmission systems to refineries, petrochemical plants and industrial centers for processing. V&M's products include gate valves, ball valves, butterfly valves, Orbit(r) valves, double block & bleed valves, plug valves, globe valves, check valves, actuators, chokes and aftermarket parts and services. Measurement products include totalizers, turbine meters, flow computers, chart recorders, ultrasonic flow meters and sampling systems. V&M's main customers include oil and gas majors, independent producers, engineering and construction companies, pipeline operators, drilling contractors and chemical, petrochemical and refining companies. CS is a provider of compression equipment and aftermarket parts and services for the oil, gas and process industries. Integrally geared centrifugal compressors are used by customers around the world in a variety of industries, including air separation, petrochemical and chemical. CS's products include integral engine-compressors, separable compressors, turbochargers, integrally geared centrifugal compressors, compressor systems and controls. Cameron has manufacturing facilities worldwide that conduct a broad variety of processes, including machining, fabrication, assembly and testing, using a variety of forged and cast alloyed steels and stainless steel as the main raw materials. Cameron competes in all areas of its operations with a number of other companies, some of which have financial and other resources comparable to or greater than those of Cameron. Cameron considers the following trade names to be material to its business

Executives

Peter J Fluor	director	20 N. BROADWAY, OKLAHOMA CITY OK 73102
James T Hackett	director	C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD, IRVING TX 75039
Douglas L Foshee	director	1001 LOUISIANA STREET, HOUSTON TX 77002
Jack B Moore	director	5 GREENWAY PLAZA, STE 110, HOUSTON TX 77046
Timothy J Probert	director	12300 PARK CREST DR, STAFFORD TX 77477
Robert Scott Rowe	officer: Vice President	1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027
Paulett Eberhart	director	C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 32121
Charles M Sledge	officer: Sr Vice Pres & CFO	1611 SCENIC MOUNTAIN COURT, KINGWOOD TX 77345
Bruce W Wilkinson	director	1333 WEST LOOP SOUTH, STE 1700, HOUSTON TX 77027
Jon Erik Reinhardsen	director	1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027
Dennis S Baldwin	officer: VP Controller and CAO	1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027
Brent J Smolik	director	1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Gary M. Halverson	officer: Sr Vice President	1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027
H. Keith Jennings	officer: Vice President & Treasurer	2000 ST. JAMES PLACE, HOUSTON TX 77056
Owen Serjeant	officer: Vice President	24955 INTERSTATE 45 NORTH, THE WOODLANDS X1 77380