GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Shutterfly Inc (NAS:SFLY) » Definitions » Asset Turnover

Shutterfly (Shutterfly) Asset Turnover : 0.25 (As of Jun. 2019)


View and export this data going back to 2006. Start your Free Trial

What is Shutterfly Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Shutterfly's Revenue for the three months ended in Jun. 2019 was $473 Mil. Shutterfly's Total Assets for the quarter that ended in Jun. 2019 was $1,919 Mil. Therefore, Shutterfly's Asset Turnover for the quarter that ended in Jun. 2019 was 0.25.

Asset Turnover is linked to ROE % through Du Pont Formula. Shutterfly's annualized ROE % for the quarter that ended in Jun. 2019 was -8.52%. It is also linked to ROA % through Du Pont Formula. Shutterfly's annualized ROA % for the quarter that ended in Jun. 2019 was -2.65%.


Shutterfly Asset Turnover Historical Data

The historical data trend for Shutterfly'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.

Shutterfly Asset Turnover Chart

Shutterfly Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.71 0.84 0.95 0.87 1.02

Shutterfly Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 0.26 0.18 0.44 0.15 0.25

Competitive Comparison of Shutterfly's Asset Turnover

For the Personal Services subindustry, Shutterfly'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.


Shutterfly's Asset Turnover Distribution in the Personal Services Industry

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

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



Shutterfly Asset Turnover Calculation

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

Shutterfly's Asset Turnover for the fiscal year that ended in Dec. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2018 )/( (Total Assets (A: Dec. 2017 )+Total Assets (A: Dec. 2018 ))/ count )
=1961.82/( (1534.8+2302.209)/ 2 )
=1961.82/1918.5045
=1.02

Shutterfly's Asset Turnover for the quarter that ended in Jun. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2019 )/( (Total Assets (Q: Mar. 2019 )+Total Assets (Q: Jun. 2019 ))/ count )
=473.416/( (1945.914+1891.174)/ 2 )
=473.416/1918.544
=0.25

* 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.


Shutterfly  (NAS:SFLY) Asset Turnover Explanation

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

Shutterfly's annulized ROE % for the quarter that ended in Jun. 2019 is

ROE %**(Q: Jun. 2019 )
=Net Income/Total Stockholders Equity
=-50.928/597.607
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-50.928 / 1893.664)*(1893.664 / 1918.544)*(1918.544/ 597.607)
=Net Margin %*Asset Turnover*Equity Multiplier
=-2.69 %*0.987*3.2104
=ROA %*Equity Multiplier
=-2.65 %*3.2104
=-8.52 %

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

Shutterfly's annulized ROA % for the quarter that ended in Jun. 2019 is

ROA %(Q: Jun. 2019 )
=Net Income/Total Assets
=-50.928/1918.544
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-50.928 / 1893.664)*(1893.664 / 1918.544)
=Net Margin %*Asset Turnover
=-2.69 %*0.987
=-2.65 %

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


Shutterfly Asset Turnover Related Terms

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


Shutterfly (Shutterfly) Business Description

Traded in Other Exchanges
N/A
Address
2800 Bridge Parkway, Redwood City, CA, USA, 94065
Shutterfly Inc. is a personal services company that primarily manufactures and retails photo-based products and services for customers in the United States through its portfolio of brands. The company segments its activities into Consumer, Enterprise, and Corporate units. Shutterfly derives the vast majority of its revenue from its Consumer division, which produces and sells professionally bound photo books, greeting and stationary cards, personalized calendars, and prints. These products are all manufactured in the company's facilities located in the United States. Shutterfly also retails photo-based merchandise such as mugs, candles, pillows, and blankets that are manufactured by third-party firms. Substantially all of the company's sales are from the United States.
Executives
Betsy Rafael director 550 MERIDIAN AVENUE, SAN JOSE CA 95126
Ann Mather director
Henry Tayloe Stansbury director 807 11TH AVENUE, SUNNYVALE CA 94089
Michael W Pope officer: SVP & Chief Financial Officer 601 BRANNAN STREET, SAN FRANCISCO CA 94107
Ryan Ohara director, officer: President and CEO 6922 HOLLYWOOD BLVD., 12TH FL, LOS ANGELES CA 90028
William J Lansing director NET PERCEPTIONS, INC, 7700 FRANCE AVENUE SOUTH, EDINA MN 55435
Scott Arnold officer: President, Shutterfly Ent. 6740 SHADY OAK RD, EDEN PRAIRIE MN 55344
Elizabeth P Sartain director MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Maureen M. Mericle officer: SVP, Chief Marketing Officer C/O SHUTTERFLY, INC., 2800 BRIDGE PARKWAY, REDWOOD CITY CA 94065
James A Hilt officer: President, Shutterfly Consumer 1 EXPRESS DRIVE, COLUMBUS OH 43230
Michael P Zeisser director
Eva Manolis director C/O SHUTTERFLY, INC., 2800 BRIDGE PARKWAY, REDWOOD CITY CA 94065
Lisa Blackwood-kapral officer: Chief Accounting Officer C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
Jeffrey T Housenbold director, officer: PRESIDENT & CEO 303 2ND STREET, SOUTH TOWER, 8TH FLOOR, SAN FRANCISCO CA 94107
Brian M Regan officer: SVP, Chief Financial Officer C/O TICKETMASTER 8800 WEST SUNSET BLVD. WEST HOLLYWOOD CA 90069