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Financial Engines (Financial Engines) Asset Turnover : 0.14 (As of Mar. 2018)


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What is Financial Engines Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Financial Engines's Revenue for the three months ended in Mar. 2018 was $127.8 Mil. Financial Engines's Total Assets for the quarter that ended in Mar. 2018 was $928.3 Mil. Therefore, Financial Engines's Asset Turnover for the quarter that ended in Mar. 2018 was 0.14.

Asset Turnover is linked to ROE % through Du Pont Formula. Financial Engines's annualized ROE % for the quarter that ended in Mar. 2018 was 8.19%. It is also linked to ROA % through Du Pont Formula. Financial Engines's annualized ROA % for the quarter that ended in Mar. 2018 was 7.56%.


Financial Engines Asset Turnover Historical Data

The historical data trend for Financial Engines'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.

Financial Engines Asset Turnover Chart

Financial Engines Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.70 0.70 0.68 0.64 0.54

Financial Engines Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
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 0.13 0.13 0.14 0.14 0.14

Competitive Comparison of Financial Engines's Asset Turnover

For the Asset Management subindustry, Financial Engines'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.


Financial Engines's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Financial Engines's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Financial Engines's Asset Turnover falls into.



Financial Engines Asset Turnover Calculation

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

Financial Engines's Asset Turnover for the fiscal year that ended in Dec. 2017 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2017 )/( (Total Assets (A: Dec. 2016 )+Total Assets (A: Dec. 2017 ))/ count )
=480.506/( (840.136+925.902)/ 2 )
=480.506/883.019
=0.54

Financial Engines's Asset Turnover for the quarter that ended in Mar. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2018 )/( (Total Assets (Q: Dec. 2017 )+Total Assets (Q: Mar. 2018 ))/ count )
=127.826/( (925.902+930.73)/ 2 )
=127.826/928.316
=0.14

* 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.


Financial Engines  (NAS:FNGN) Asset Turnover Explanation

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

Financial Engines's annulized ROE % for the quarter that ended in Mar. 2018 is

ROE %**(Q: Mar. 2018 )
=Net Income/Total Stockholders Equity
=70.176/856.61
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(70.176 / 511.304)*(511.304 / 928.316)*(928.316/ 856.61)
=Net Margin %*Asset Turnover*Equity Multiplier
=13.72 %*0.5508*1.0837
=ROA %*Equity Multiplier
=7.56 %*1.0837
=8.19 %

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

Financial Engines's annulized ROA % for the quarter that ended in Mar. 2018 is

ROA %(Q: Mar. 2018 )
=Net Income/Total Assets
=70.176/928.316
=(Net Income / Revenue)*(Revenue / Total Assets)
=(70.176 / 511.304)*(511.304 / 928.316)
=Net Margin %*Asset Turnover
=13.72 %*0.5508
=7.56 %

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


Financial Engines Asset Turnover Related Terms

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


Financial Engines (Financial Engines) Business Description

Traded in Other Exchanges
N/A
Address
Financial Engines Inc is a provider of technology-enabled portfolio management services, investment advice, and retirement income services. The company offers its host of services to participants in employer-sponsored defined-contribution plans, plan sponsors, and plan providers. Plan participants are offered discretionary management of their plan assets, in addition to investment-decision-making on behalf of the plan participant. A similar service is offered to plan sponsors, where the sponsor enlists the company as a subadvisor to carry out managerial duties for plan participants. Financial Engines also provides investment recommendations for participants choosing to manage their own portfolio, in addition to retirement-readiness assessments and guidance for claiming social security.
Executives
John B Shoven director
Robert A Huret director 130 MERCHANT ST 22ND FLR, HONOLULU HI 96813
David B Yoffie director 2200 MISSION COLLEGE BLVD, RNB 4-151, SANTA CLARA CA 95054
Michael E. Martin director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Craig L Foster officer: EVP & CFO 2580 ORCHARD PARKWAY, SAN JOSE CA 95131
Heidi Fields director 5301 STEVENS CREEK BLVD, MS 1A-LC, SANTA CLARA CA 95051
Blake R. Grossman director BLACKROCK, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
Joseph Grundfest director STANFORD LAW SCHOOL, 559 NATHAN ABBOTT WAY, STANFORD CA 94305
John Bunch officer: EVP, COO & Pres FE Advisors 6940 COLUMBIA GATEWAY DR. SUITE 200 COLUMBIA MD 21046
Warburg Pincus & Co. director 450 LEXINGTON AVENUE, NEW YORK, NY NY 100173147
Warburg Pincus X Partners, L.p. director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus Private Equity X, L.p. director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus X Gp L.p. director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus X, L.p. director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Wpp Gp Llc director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVE, NEW YORK NY 10017

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