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GD Entertainment & Technology (GD Entertainment & Technology) Asset Turnover : 0.57 (As of Feb. 2006)


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What is GD Entertainment & Technology Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. GD Entertainment & Technology's Revenue for the three months ended in Feb. 2006 was $0.68 Mil. GD Entertainment & Technology's Total Assets for the quarter that ended in Feb. 2006 was $1.20 Mil. Therefore, GD Entertainment & Technology's Asset Turnover for the quarter that ended in Feb. 2006 was 0.57.

Asset Turnover is linked to ROE % through Du Pont Formula. GD Entertainment & Technology's annualized ROE % for the quarter that ended in Feb. 2006 was 41.55%. It is also linked to ROA % through Du Pont Formula. GD Entertainment & Technology's annualized ROA % for the quarter that ended in Feb. 2006 was -94.16%.


GD Entertainment & Technology Asset Turnover Historical Data

The historical data trend for GD Entertainment & Technology'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.

GD Entertainment & Technology Asset Turnover Chart

GD Entertainment & Technology Annual Data
Trend May01 May04 May05
Asset Turnover
1.09 1.62 1.20

GD Entertainment & Technology Quarterly Data
May01 Aug01 Nov01 Feb02 Aug04 Nov04 Feb05 May05 Aug05 Nov05 Feb06
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.22 -0.62 0.23 0.29 0.57

Competitive Comparison of GD Entertainment & Technology's Asset Turnover

For the Personal Services subindustry, GD Entertainment & Technology'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.


GD Entertainment & Technology's Asset Turnover Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, GD Entertainment & Technology's Asset Turnover distribution charts can be found below:

* The bar in red indicates where GD Entertainment & Technology's Asset Turnover falls into.



GD Entertainment & Technology Asset Turnover Calculation

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

GD Entertainment & Technology's Asset Turnover for the fiscal year that ended in May. 2005 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: May. 2005 )/( (Total Assets (A: May. 2004 )+Total Assets (A: May. 2005 ))/ count )
=1.038/( (0.814+0.91)/ 2 )
=1.038/0.862
=1.20

GD Entertainment & Technology's Asset Turnover for the quarter that ended in Feb. 2006 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Feb. 2006 )/( (Total Assets (Q: Nov. 2005 )+Total Assets (Q: Feb. 2006 ))/ count )
=0.682/( (0.937+1.459)/ 2 )
=0.682/1.198
=0.57

* 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.


GD Entertainment & Technology  (OTCPK:GDET) Asset Turnover Explanation

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

GD Entertainment & Technology's annulized ROE % for the quarter that ended in Feb. 2006 is

ROE %**(Q: Feb. 2006 )
=Net Income/Total Stockholders Equity
=-1.128/-2.7145
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1.128 / 2.728)*(2.728 / 1.198)*(1.198/ -2.7145)
=Net Margin %*Asset Turnover*Equity Multiplier
=-41.35 %*2.2771*-0.4413
=ROA %*Equity Multiplier
=-94.16 %*-0.4413
=41.55 %

Note: The Net Income data used here is four times the quarterly (Feb. 2006) net income data. The Revenue data used here is four times the quarterly (Feb. 2006) 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:

GD Entertainment & Technology's annulized ROA % for the quarter that ended in Feb. 2006 is

ROA %(Q: Feb. 2006 )
=Net Income/Total Assets
=-1.128/1.198
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.128 / 2.728)*(2.728 / 1.198)
=Net Margin %*Asset Turnover
=-41.35 %*2.2771
=-94.16 %

Note: The Net Income data used here is four times the quarterly (Feb. 2006) net income data. The Revenue data used here is four times the quarterly (Feb. 2006) 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.


GD Entertainment & Technology Asset Turnover Related Terms

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GD Entertainment & Technology (GD Entertainment & Technology) Business Description

Traded in Other Exchanges
N/A
Address
1 Bridge Plaza, 2nd Floor, Fort Lee, NJ, USA, 07024
Website
GD Entertainment & Technology Inc focuses on high growth industries. The company currently has one operating subsidiary, DreamCard, a high-end metal card that personalizes debit and credit cards for a fee which allows users to create a customizable debit or credit card using its online platform. It also customizes Specialty Cards for Customer Loyalty and Affinity Networks. It simply takes an existing debit or credit card and transfers its data and chip into a new metal, 24karat or Stainless Steel card of the cardholders design and ships it to the holder. GDET markets to the business enterprises that promote commerce to members with a VIP card. Casinos and Affinity Networks form the base of company consumers.