Futuris Co (Futuris Co) Asset Turnover : 0.35 (As of Jul. 2020)

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What is Futuris Co Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Futuris Co's Revenue for the six months ended in Jul. 2020 was $1.04 Mil. Futuris Co's Total Assets for the quarter that ended in Jul. 2020 was $2.99 Mil. Therefore, Futuris Co's Asset Turnover for the quarter that ended in Jul. 2020 was 0.35.

Asset Turnover is linked to ROE % through Du Pont Formula. Futuris Co's annualized ROE % for the quarter that ended in Jul. 2020 was -5.25%. It is also linked to ROA % through Du Pont Formula. Futuris Co's annualized ROA % for the quarter that ended in Jul. 2020 was 5.01%.

Futuris Co Asset Turnover Historical Data

The historical data trend for Futuris Co'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.

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Futuris Co Asset Turnover Chart

Futuris Co Annual Data

Trend

Mar99

Mar00

Mar01

Mar02

Mar03

Mar04

Jul20

Asset Turnover

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0.32

0.35

Futuris Co Semi-Annual Data
	Mar99	Mar00	Mar01	Mar02	Mar03	Mar04	Jul20
Asset Turnover	Get a 7-Day Free Trial			0.32	-	-	-	0.35

Competitive Comparison of Futuris Co's Asset Turnover

For the Staffing & Employment Services subindustry, Futuris Co'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.

Futuris Co's Asset Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Futuris Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Futuris Co's Asset Turnover falls into.

Futuris Co Asset Turnover Calculation

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

Futuris Co's Asset Turnover for the fiscal year that ended in Jul. 2020 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Jul. 2020 )	/	( (Total Assets (A: Mar. 2004 )	+	Total Assets (A: Jul. 2020 ))	/ count )
=	1.042	/	( (0	+	2.994)	/ 1 )
=	1.042	/	2.994
=	0.35

Futuris Co's Asset Turnover for the quarter that ended in Jul. 2020 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Jul. 2020 )	/	( (Total Assets (Q: Mar. 2004 )	+	Total Assets (Q: Jul. 2020 ))	/ count )
=	1.042	/	( (0	+	2.994)	/ 1 )
=	1.042	/	2.994
=	0.35

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.

Futuris Co (OTCPK:FTRS) Asset Turnover Explanation

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

Futuris Co's annulized ROE % for the quarter that ended in Jul. 2020 is

	ROE %^**		(Q: Jul. 2020 )
=	Net Income	/	Total Stockholders Equity
=	0.15	/	-2.8575
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(0.15 / 2.084)	*	(2.084 / 2.994)	*	(2.994/ -2.8575)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	7.2 %	*	0.6961	*	-1.0478
=	ROA %	*	Equity Multiplier
=	5.01 %	*	-1.0478
=	-5.25 %

Note: The Net Income data used here is two times the semi-annual (Jul. 2020) net income data. The Revenue data used here is two times the semi-annual (Jul. 2020) 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:

Futuris Co's annulized ROA % for the quarter that ended in Jul. 2020 is

	ROA %		(Q: Jul. 2020 )
=	Net Income	/	Total Assets
=	0.15	/	2.994
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(0.15 / 2.084)	*	(2.084 / 2.994)
=	Net Margin %	*	Asset Turnover
=	7.2 %	*	0.6961
=	5.01 %

Note: The Net Income data used here is two times the semi-annual (Jul. 2020) net income data. The Revenue data used here is two times the semi-annual (Jul. 2020) 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.

Futuris Co Asset Turnover Related Terms

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Futuris Co (Futuris Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Futuris Co (OTCPK:FTRS) » Definitions » Asset Turnover

Comparable Companies

WAR:HRC NSE:DYNAMIC OSTO:NJOB GXXM BOM:539697 NSE:ACEINTEG XAMS:MORE ASX:HMI LSE:RTC XAMS:DPA

Traded in Other Exchanges

N/A

Address

22 Baltimore Road, Rockville, MD, USA, 20850

Website

https://www.futuris.company

Futuris Co is a Human Capital Management (HCM) company focused on the acquisition and operation of executive search, staffing, and consulting companies that are specialized in professional service verticals such as medical, accounting/finance, information technology, recruitment process outsourcing (RPO), and human resources. The company is committed to building a staffing company through targeted and accretive acquisitions and operational efficiencies.