TMH has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
TMH has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Team Health Holdings's Revenue for the three months ended in Sep. 2016 was $1,141 Mil. Team Health Holdings's Total Assets for the quarter that ended in Sep. 2016 was $4,286 Mil. Therefore, Team Health Holdings's Asset Turnover for the quarter that ended in Sep. 2016 was 0.27.
Asset Turnover is linked to ROE % through Du Pont Formula. Team Health Holdings's annualized ROE % for the quarter that ended in Sep. 2016 was 5.96%. It is also linked to ROA % through Du Pont Formula. Team Health Holdings's annualized ROA % for the quarter that ended in Sep. 2016 was 0.98%.
The historical data trend for Team Health Holdings'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.
Team Health Holdings Annual Data | |||||||||||||||||||
Trend | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | ||||||||||
Asset Turnover | Get a 7-Day Free Trial | 2.01 | 1.94 | 1.86 | 1.69 | 1.19 |
Team Health Holdings Quarterly Data | ||||||||||||||||||||
Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | |
Asset Turnover | Get a 7-Day Free Trial | 0.42 | 0.32 | 0.28 | 0.28 | 0.27 |
For the Staffing & Employment Services subindustry, Team Health Holdings'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.
For the Business Services industry and Industrials sector, Team Health Holdings's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Team Health Holdings's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Team Health Holdings's Asset Turnover for the fiscal year that ended in Dec. 2015 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Dec. 2015 ) | / | ( (Total Assets (A: Dec. 2014 ) | + | Total Assets (A: Dec. 2015 )) | / count ) |
= | 3597.247 | / | ( (1967.802 | + | 4060.842) | / 2 ) |
= | 3597.247 | / | 3014.322 | |||
= | 1.19 |
Team Health Holdings's Asset Turnover for the quarter that ended in Sep. 2016 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Sep. 2016 ) | / | ( (Total Assets (Q: Jun. 2016 ) | + | Total Assets (Q: Sep. 2016 )) | / count ) |
= | 1141.494 | / | ( (4101.752 | + | 4470.575) | / 2 ) |
= | 1141.494 | / | 4286.1635 | |||
= | 0.27 |
* 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.
Team Health Holdings (NYSE:TMH) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Team Health Holdings's annulized ROE % for the quarter that ended in Sep. 2016 is
ROE %** | (Q: Sep. 2016 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 41.924 | / | 702.9865 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (41.924 / 4565.976) | * | (4565.976 / 4286.1635) | * | (4286.1635/ 702.9865) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 0.92 % | * | 1.0653 | * | 6.0971 |
= | ROA % | * | Equity Multiplier | ||
= | 0.98 % | * | 6.0971 | ||
= | 5.96 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2016) net income data. The Revenue data used here is four times the quarterly (Sep. 2016) 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:
Team Health Holdings's annulized ROA % for the quarter that ended in Sep. 2016 is
ROA % | (Q: Sep. 2016 ) | ||
= | Net Income | / | Total Assets |
= | 41.924 | / | 4286.1635 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (41.924 / 4565.976) | * | (4565.976 / 4286.1635) |
= | Net Margin % | * | Asset Turnover |
= | 0.92 % | * | 1.0653 |
= | 0.98 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2016) net income data. The Revenue data used here is four times the quarterly (Sep. 2016) 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.
Thank you for viewing the detailed overview of Team Health Holdings's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Jana Partners Llc | director | 767 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10153 |
Scott Ostfeld | director | 767 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10153 |
Kenneth H Paulus | director | 5420 FELTL ROAD, MINNETONKA MN 55343 |
James L Bierman | director | 9120 LOCKWOOD BOULEVARD, MECHANICSVILLE VA 23116 |
Glenn A. Davenport | director | TEAM HEALTH HOLDINGS, 1900 WINSTON ROAD, SUITE 300, KNOXVILLE TN 37919 |
Vicky B Gregg | director | 1 CAMERON HILL CIRCLE, CHATTANOOGA TN 37402 |
Edwin M Crawford | director | 3000 GALLERIA TOWER, STE 1000, BIRMINGHAM AL 35244 |
Michael D Snow | director, officer: President and CEO | 23 MAYMONT WAY, THE WOODLANDS TX 77382 |
Joseph L Herring | director | 210 CARNEGIE CENTER, PRINCETON NJ 08540 |
Greg Roth | other: Consultant | ONE PARK PLAZA, NASHVILLE TN 37203 |
Steven B Epstein | director | |
Blackstone Holdings Iii Gp Management L.l.c. | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Blackstone Holdings Iii Gp L.p. | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Blackstone Management Associates Iv Llc | 10 percent owner | C/O THE BLACKSTONE GROUP, 345 PARK AVE, NEW YORK NY 10154 |
Blackstone Holdings Iii L.p. | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
From GuruFocus
By gurufocus 10qk • 05-11-2010
By gurufocus 10qk • 02-28-2011
By Business Wire Business Wire • 07-13-2020
By Kyle Ferguson Kyle Ferguson • 02-28-2016
By Holly LaFon Holly LaFon • 01-31-2017
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.