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Rockwell Collins (Rockwell Collins) Asset Turnover : 0.12 (As of Sep. 2018)


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What is Rockwell Collins Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Rockwell Collins's Revenue for the three months ended in Sep. 2018 was $2,266 Mil. Rockwell Collins's Total Assets for the quarter that ended in Sep. 2018 was $18,693 Mil. Therefore, Rockwell Collins's Asset Turnover for the quarter that ended in Sep. 2018 was 0.12.

Asset Turnover is linked to ROE % through Du Pont Formula. Rockwell Collins's annualized ROE % for the quarter that ended in Sep. 2018 was 13.81%. It is also linked to ROA % through Du Pont Formula. Rockwell Collins's annualized ROA % for the quarter that ended in Sep. 2018 was 5.14%.


Rockwell Collins Asset Turnover Historical Data

The historical data trend for Rockwell Collins'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.

Rockwell Collins Asset Turnover Chart

Rockwell Collins Annual Data
Trend Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.80 0.73 0.70 0.53 0.47

Rockwell Collins Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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 0.12 0.11 0.12 0.12 0.12

Competitive Comparison of Rockwell Collins's Asset Turnover

For the Aerospace & Defense subindustry, Rockwell Collins'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.


Rockwell Collins's Asset Turnover Distribution in the Aerospace & Defense Industry

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

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



Rockwell Collins Asset Turnover Calculation

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

Rockwell Collins's Asset Turnover for the fiscal year that ended in Sep. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Sep. 2018 )/( (Total Assets (A: Sep. 2017 )+Total Assets (A: Sep. 2018 ))/ count )
=8665/( (17997+19026)/ 2 )
=8665/18511.5
=0.47

Rockwell Collins's Asset Turnover for the quarter that ended in Sep. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2018 )/( (Total Assets (Q: Jun. 2018 )+Total Assets (Q: Sep. 2018 ))/ count )
=2266/( (18359+19026)/ 2 )
=2266/18692.5
=0.12

* 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.


Rockwell Collins  (NYSE:COL) Asset Turnover Explanation

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

Rockwell Collins's annulized ROE % for the quarter that ended in Sep. 2018 is

ROE %**(Q: Sep. 2018 )
=Net Income/Total Stockholders Equity
=960/6949
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(960 / 9064)*(9064 / 18692.5)*(18692.5/ 6949)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.59 %*0.4849*2.69
=ROA %*Equity Multiplier
=5.14 %*2.69
=13.81 %

Note: The Net Income data used here is four times the quarterly (Sep. 2018) net income data. The Revenue data used here is four times the quarterly (Sep. 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:

Rockwell Collins's annulized ROA % for the quarter that ended in Sep. 2018 is

ROA %(Q: Sep. 2018 )
=Net Income/Total Assets
=960/18692.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(960 / 9064)*(9064 / 18692.5)
=Net Margin %*Asset Turnover
=10.59 %*0.4849
=5.14 %

Note: The Net Income data used here is four times the quarterly (Sep. 2018) net income data. The Revenue data used here is four times the quarterly (Sep. 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.


Rockwell Collins Asset Turnover Related Terms

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Rockwell Collins (Rockwell Collins) Business Description

Traded in Other Exchanges
N/A
Address
Rockwell Collins Inc develops communications and aviation electronics for commercial and military customers worldwide. It employs over 20,000 people. Competencies include communications, navigation, automated flight control, displays, simulation and training, integrated electronics, and information systems. The firm sells to governments, airlines, and aircraft manufacturers, while providing aftermarket services for many of its products. The company recently closed its acquisition of B/E Aerospace, an aircraft seat and cabin manufacturer.
Executives
John A Edwardson director P O BOX 66100-WHQLD, CHICAGO IL 60666
Robert Kelly Ortberg director, officer: Chairman, Pres & CEO 870 WINTER STREET, WALTHAM MA 02451
Patrick E Allen officer: Sr. VP and CFO 400 COLLINS ROAD NE, CEDAR RAPIDS IA 52498
David Lilley director
Ralph E Eberhart director 909 N. WASHINGTON STREET, ALEXANDRIA VA 22314
Richard Hamermesh director C/O BE AEROSPACE, INC., 1400 CORPORATE CENTER WAY, WELLINGTON FL 33414
Jeffrey L Turner director SPIRIT AEROSYSTEMS HOLDINGS, INC., 3801 SOUTH OLIVER, WICHITA KS 67210
Cheryl L Shavers director 400 COLLINS ROAD NE, M/S 124-323, CEDAR RAPIDS IA 52498
Andrew J Policano director
Robert J Perna officer: Sr. VP, Gnrl Counsel & Secy 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
John T Whates director 1400 CORPORATE CENTER WAY, WELLINGTON FL 33414
Besong John Paul E officer: Sr. VP, eBusiness 400 COLLINS ROAD NE M/S 124-003, CEDAR RAPIDS IA 52498001
Clayton M Jones director 400 COLLINS ROAD NE, CEDAR RAPIDS IA 52498
Donald R Beall director 5 SAN JOAQUIN PLAZA, SUITE 320, NEWPORT BEACH CA 92660
Toot Joseph F Jr director 400 COLLINS ROAD NE, M/S 124-323, CEDAR RAPIDS IA 52498

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