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Imi Co., (TSE:7503) Asset Turnover : 0.12 (As of Jun. 2013)


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What is Imi Co., Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Imi Co.,'s Revenue for the three months ended in Jun. 2013 was 円1,779 Mil. Imi Co.,'s Total Assets for the quarter that ended in Jun. 2013 was 円14,904 Mil. Therefore, Imi Co.,'s Asset Turnover for the quarter that ended in Jun. 2013 was 0.12.

Asset Turnover is linked to ROE % through Du Pont Formula. Imi Co.,'s annualized ROE % for the quarter that ended in Jun. 2013 was 6.15%. It is also linked to ROA % through Du Pont Formula. Imi Co.,'s annualized ROA % for the quarter that ended in Jun. 2013 was 4.85%.


Imi Co., Asset Turnover Historical Data

The historical data trend for Imi Co.,'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.

Imi Co., Asset Turnover Chart

Imi Co., Annual Data
Trend Dec09 Dec10 Dec11 Dec12
Asset Turnover
0.65 0.66 0.63 0.59

Imi Co., Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.13 0.14 0.15 0.25 0.12

Competitive Comparison of Imi Co.,'s Asset Turnover

For the Medical Distribution subindustry, Imi Co.,'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.


Imi Co.,'s Asset Turnover Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Imi Co.,'s Asset Turnover distribution charts can be found below:

* The bar in red indicates where Imi Co.,'s Asset Turnover falls into.



Imi Co., Asset Turnover Calculation

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

Imi Co.,'s Asset Turnover for the fiscal year that ended in Dec. 2012 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2012 )/( (Total Assets (A: Dec. 2011 )+Total Assets (A: Dec. 2012 ))/ count )
=7937.449/( (12867.994+13840.908)/ 2 )
=7937.449/13354.451
=0.59

Imi Co.,'s Asset Turnover for the quarter that ended in Jun. 2013 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2013 )/( (Total Assets (Q: Mar. 2013 )+Total Assets (Q: Jun. 2013 ))/ count )
=1778.785/( (15668.134+14140.293)/ 2 )
=1778.785/14904.2135
=0.12

* 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.


Imi Co.,  (TSE:7503) Asset Turnover Explanation

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

Imi Co.,'s annulized ROE % for the quarter that ended in Jun. 2013 is

ROE %**(Q: Jun. 2013 )
=Net Income/Total Stockholders Equity
=723.476/11770.7465
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(723.476 / 7115.14)*(7115.14 / 14904.2135)*(14904.2135/ 11770.7465)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.17 %*0.4774*1.2662
=ROA %*Equity Multiplier
=4.85 %*1.2662
=6.15 %

Note: The Net Income data used here is four times the quarterly (Jun. 2013) net income data. The Revenue data used here is four times the quarterly (Jun. 2013) 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:

Imi Co.,'s annulized ROA % for the quarter that ended in Jun. 2013 is

ROA %(Q: Jun. 2013 )
=Net Income/Total Assets
=723.476/14904.2135
=(Net Income / Revenue)*(Revenue / Total Assets)
=(723.476 / 7115.14)*(7115.14 / 14904.2135)
=Net Margin %*Asset Turnover
=10.17 %*0.4774
=4.85 %

Note: The Net Income data used here is four times the quarterly (Jun. 2013) net income data. The Revenue data used here is four times the quarterly (Jun. 2013) 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.


Imi Co., Asset Turnover Related Terms

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Imi Co., (TSE:7503) Business Description

Traded in Other Exchanges
N/A
Address
Imi Co., Ltd., is engaged in import, sale, maintenance & rental of medical equipment such as lung ventilators & accessories, homecare ventilators, anesthesia machines, among others and also provides medical education & training equipment.

Imi Co., (TSE:7503) Headlines

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