Sonic (SONC) Asset Turnover : 0.21 (As of Aug. 2018)

Sonic Asset Turnover Chart

Sonic Annual Data
	Trend	Aug09	Aug10	Aug11	Aug12	Aug13	Aug14	Aug15	Aug16	Aug17	Aug18
Asset Turnover		Get a 7-Day Free Trial					0.84	0.95	0.96	0.79	0.78

Sonic Quarterly Data
	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18
Asset Turnover	Get a 7-Day Free Trial															0.22	0.19	0.16	0.21	0.21

Competitive Comparison of Sonic's Asset Turnover

For the Restaurants subindustry, Sonic'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.

Sonic's Asset Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Sonic's Asset Turnover distribution charts can be found below:

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

Sonic Asset Turnover Calculation

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

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

Sonic's Asset Turnover for the quarter that ended in Aug. 2018 is calculated as

* 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.

Sonic  (NAS:SONC) Asset Turnover Explanation

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

Sonic's annulized ROE % for the quarter that ended in Aug. 2018 is

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

Sonic's annulized ROA % for the quarter that ended in Aug. 2018 is

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

Sonic Asset Turnover Related Terms

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

Sonic (SONC) Business Description