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Electro Scientific Industries (Electro Scientific Industries) Asset Turnover : 0.17 (As of Dec. 2018)


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What is Electro Scientific Industries Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Electro Scientific Industries's Revenue for the three months ended in Dec. 2018 was $67.9 Mil. Electro Scientific Industries's Total Assets for the quarter that ended in Dec. 2018 was $400.5 Mil. Therefore, Electro Scientific Industries's Asset Turnover for the quarter that ended in Dec. 2018 was 0.17.

Asset Turnover is linked to ROE % through Du Pont Formula. Electro Scientific Industries's annualized ROE % for the quarter that ended in Dec. 2018 was 7.92%. It is also linked to ROA % through Du Pont Formula. Electro Scientific Industries's annualized ROA % for the quarter that ended in Dec. 2018 was 6.33%.


Electro Scientific Industries Asset Turnover Historical Data

The historical data trend for Electro Scientific Industries'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.

Electro Scientific Industries Asset Turnover Chart

Electro Scientific Industries Annual Data
Trend Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.65 0.84 0.72 1.23

Electro Scientific Industries Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
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 0.40 0.33 0.29 0.22 0.17

Competitive Comparison of Electro Scientific Industries's Asset Turnover

For the Semiconductors subindustry, Electro Scientific Industries'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.


Electro Scientific Industries's Asset Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Electro Scientific Industries's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Electro Scientific Industries's Asset Turnover falls into.



Electro Scientific Industries Asset Turnover Calculation

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

Electro Scientific Industries's Asset Turnover for the fiscal year that ended in Mar. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2018 )/( (Total Assets (A: Mar. 2017 )+Total Assets (A: Mar. 2018 ))/ count )
=367.884/( (224.745+372.988)/ 2 )
=367.884/298.8665
=1.23

Electro Scientific Industries's Asset Turnover for the quarter that ended in Dec. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2018 )/( (Total Assets (Q: Sep. 2018 )+Total Assets (Q: Dec. 2018 ))/ count )
=67.942/( (392.872+408.152)/ 2 )
=67.942/400.512
=0.17

* 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.


Electro Scientific Industries  (NAS:ESIO) Asset Turnover Explanation

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

Electro Scientific Industries's annulized ROE % for the quarter that ended in Dec. 2018 is

ROE %**(Q: Dec. 2018 )
=Net Income/Total Stockholders Equity
=25.36/320.39
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(25.36 / 271.768)*(271.768 / 400.512)*(400.512/ 320.39)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.33 %*0.6786*1.2501
=ROA %*Equity Multiplier
=6.33 %*1.2501
=7.92 %

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

Electro Scientific Industries's annulized ROA % for the quarter that ended in Dec. 2018 is

ROA %(Q: Dec. 2018 )
=Net Income/Total Assets
=25.36/400.512
=(Net Income / Revenue)*(Revenue / Total Assets)
=(25.36 / 271.768)*(271.768 / 400.512)
=Net Margin %*Asset Turnover
=9.33 %*0.6786
=6.33 %

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


Electro Scientific Industries Asset Turnover Related Terms

Thank you for viewing the detailed overview of Electro Scientific Industries's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Electro Scientific Industries (Electro Scientific Industries) Business Description

Traded in Other Exchanges
N/A
Address
Electro Scientific Industries Inc is a manufacturer of electronic components. The company operates through two segments: Component Processing and Micromachining. The Component Processing segment includes interconnect products, semiconductor products, and component products. The interconnect, semiconductor and component products are sold to manufacturers of electronic components and are used to drill, cut, trim, ablate and test and mark features for the functionality of the component. The Micromachining segment includes products that are sold to manufacturers of end devices across various industries and are used to drill, cut or mark features on a range of materials, generally on the casing or external surface of the end device.
Executives
Raymond A Link director C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Michael D Burger officer: PRESIDENT AND CEO 250 TECHNOLOGY PARK, LAKE MARY FL 32746
Allen L. Muhich officer: CHIEF FINANCIAL OFFICER 250 TECHNOLOGY PARK, LAKE MARY FL 32746
Lynne J Camp director 714 NW 914TH TERRACE, PORTLAND OR 97229
Paul R Oldham officer: CFO, Sr. VP of Finance 1625 SHARP POINT DRIVE, FORT COLLINS CO 80525
John K Medica director C/O NATIONAL INSTRUMENTS CORPORATION, 11500 NORTH MOPAC EXPWY, BLDG C, AUSTIN TX 78759
Edward C Grady director, officer: President & CEO
Richard J Faubert director 14242 S CANYON DR, PHOENIX AZ 85048
Jon D Tompkins director 17075 THORNMINT COURT, SAN DIEGO CA 92127
D3 Family Fund Lp director, 10 percent owner 19605 NE 8TH STREET CAMAS WA 98607
Nierenberg Investment Management Co director 19605 NE 8TH ST, CAMAS WA 98607
David Nierenberg director, 10 percent owner 19605 NE 8TH STREET, CAMAS WA 98607
Nierenberg Investment Management Offshore Inc 10 percent owner 19605 NE 8TH STREET CAMAS WA 98607
D3 Family Canadian Fund, L.p. 10 percent owner 19605 NE 8TH STREET, CAMAS WA 98607
D3 Offshore Fund Lp 10 percent owner 19605 NE 8TH ST CAMAS WA 98607

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