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Ladenburg Thalmann Financial Services (Ladenburg Thalmann Financial Services) Asset Turnover : 0.48 (As of Dec. 2019)


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What is Ladenburg Thalmann Financial Services Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Ladenburg Thalmann Financial Services's Revenue for the three months ended in Dec. 2019 was $396 Mil. Ladenburg Thalmann Financial Services's Total Assets for the quarter that ended in Dec. 2019 was $824 Mil. Therefore, Ladenburg Thalmann Financial Services's Asset Turnover for the quarter that ended in Dec. 2019 was 0.48.

Asset Turnover is linked to ROE % through Du Pont Formula. Ladenburg Thalmann Financial Services's annualized ROE % for the quarter that ended in Dec. 2019 was 0.80%. It is also linked to ROA % through Du Pont Formula. Ladenburg Thalmann Financial Services's annualized ROA % for the quarter that ended in Dec. 2019 was 0.24%.


Ladenburg Thalmann Financial Services Asset Turnover Historical Data

The historical data trend for Ladenburg Thalmann Financial Services'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.

Ladenburg Thalmann Financial Services Asset Turnover Chart

Ladenburg Thalmann Financial Services Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.12 1.98 2.15 2.03 1.87

Ladenburg Thalmann Financial Services Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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 0.46 0.45 0.46 0.46 0.48

Competitive Comparison of Ladenburg Thalmann Financial Services's Asset Turnover

For the Capital Markets subindustry, Ladenburg Thalmann Financial Services'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.


Ladenburg Thalmann Financial Services's Asset Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Ladenburg Thalmann Financial Services's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Ladenburg Thalmann Financial Services's Asset Turnover falls into.



Ladenburg Thalmann Financial Services Asset Turnover Calculation

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

Ladenburg Thalmann Financial Services's Asset Turnover for the fiscal year that ended in Dec. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2019 )/( (Total Assets (A: Dec. 2018 )+Total Assets (A: Dec. 2019 ))/ count )
=1469.302/( (740.904+829.936)/ 2 )
=1469.302/785.42
=1.87

Ladenburg Thalmann Financial Services's Asset Turnover for the quarter that ended in Dec. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2019 )/( (Total Assets (Q: Sep. 2019 )+Total Assets (Q: Dec. 2019 ))/ count )
=395.735/( (818.124+829.936)/ 2 )
=395.735/824.03
=0.48

* 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.


Ladenburg Thalmann Financial Services  (AMEX:LTS) Asset Turnover Explanation

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

Ladenburg Thalmann Financial Services's annulized ROE % for the quarter that ended in Dec. 2019 is

ROE %**(Q: Dec. 2019 )
=Net Income/Total Stockholders Equity
=1.968/245.1185
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1.968 / 1582.94)*(1582.94 / 824.03)*(824.03/ 245.1185)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.12 %*1.921*3.3618
=ROA %*Equity Multiplier
=0.24 %*3.3618
=0.80 %

Note: The Net Income data used here is four times the quarterly (Dec. 2019) net income data. The Revenue data used here is four times the quarterly (Dec. 2019) 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:

Ladenburg Thalmann Financial Services's annulized ROA % for the quarter that ended in Dec. 2019 is

ROA %(Q: Dec. 2019 )
=Net Income/Total Assets
=1.968/824.03
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1.968 / 1582.94)*(1582.94 / 824.03)
=Net Margin %*Asset Turnover
=0.12 %*1.921
=0.24 %

Note: The Net Income data used here is four times the quarterly (Dec. 2019) net income data. The Revenue data used here is four times the quarterly (Dec. 2019) 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.


Ladenburg Thalmann Financial Services Asset Turnover Related Terms

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Ladenburg Thalmann Financial Services (Ladenburg Thalmann Financial Services) Business Description

Traded in Other Exchanges
Address
4400 Biscayne Boulevard, 12th Floor, Miami, FL, USA, 33137
Ladenburg Thalmann Financial Services Inc is a United States-based company that provides diversified financial services. The company conducts operations through a number of subsidiaries, with three operating segments. The independent brokerage and advisory services segment consists of broker-dealer and investment advisory services, along with wealth-management services. The Ladenburg segment comprises investment banking, sales and trading and asset management services, and investment activities. The insurance brokerage segment comprises wholesale insurance brokerage activities. The company generates the majority of revenue from the independent brokerage and advisory services segment. Its business is concentrated in the United States.
Executives
Howard M Lorber other: Former Director 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Henry C Beinstein other: Former Director 8 DOGWOOD LANE, LARCHMONT NY 10538-3418
Richard M Krasno other: Former Director C/O OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 31337
Brett Kaufman officer: Senior Vice President and CFO 4400 BISCAYNE BLVD., 12TH FLOOR, MIAMI FL 33137
Glenn C Davis other: Former Director 4400 BISCAYNE BOULEVARD, 12TH FLOOR, MIAMI FL 33137
Michael Liebowitz other: Former Director 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Richard Lampen other: Former Director and Officer 4400 BISCAYNE BLVD.; 10TH FLOOR, MIAMI FL 33137
Mark Zeitchick other: Former Director and Officer GBI CAPITAL MANAGEMENT CORP, 1055 STEWART AVE, BETHPAGE NY 11714
Brian S Genson other: Former Director
Jacqueline M Simkin other: Former Director 801 BRICKELL AVENUE, SUITE 2350, MIAMI FL 33131
Adam Scott Malamed other: Former Director and Officer 4400 BISCAYNE BLVD., 12TH FLOOR, MIAMI FL 33137
Joseph Giovanniello other: Former Officer 520 MADISON AVENUE, 9TH FLOOR, NEW YORK NY 10022
Frost Phillip Md Et Al other: Former 10% Owner 4400 BISCAYNE BLVD, MIAMI FL 33137-3227
Frost Nevada Investments Trust other: Former 10% Owner 4400 BISCAYNE BOULEVARD, 15TH FLOOR, MIAMI FL 33137
Vector Group Ltd 10 percent owner 4400 BISCAYNE BOULEVARD, 10TH FLOOR, MIAMI FL 33137

Ladenburg Thalmann Financial Services (Ladenburg Thalmann Financial Services) Headlines

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