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World Wireless Communications (World Wireless Communications) Asset Turnover : 0.17 (As of Dec. 2002)


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What is World Wireless Communications Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. World Wireless Communications's Revenue for the three months ended in Dec. 2002 was $0.15 Mil. World Wireless Communications's Total Assets for the quarter that ended in Dec. 2002 was $0.88 Mil. Therefore, World Wireless Communications's Asset Turnover for the quarter that ended in Dec. 2002 was 0.17.

Asset Turnover is linked to ROE % through Du Pont Formula. World Wireless Communications's annualized ROE % for the quarter that ended in Dec. 2002 was 70.55%. It is also linked to ROA % through Du Pont Formula. World Wireless Communications's annualized ROA % for the quarter that ended in Dec. 2002 was -651.57%.


World Wireless Communications Asset Turnover Historical Data

The historical data trend for World Wireless Communications'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.

World Wireless Communications Asset Turnover Chart

World Wireless Communications Annual Data
Trend Dec99 Dec00 Dec01 Dec02
Asset Turnover
1.38 0.45 0.32 0.60

World Wireless Communications Quarterly Data
Mar99 Jun99 Sep99 Dec99 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02
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 0.11 0.13 0.18 0.14 0.17

Competitive Comparison of World Wireless Communications's Asset Turnover

For the Telecom Services subindustry, World Wireless Communications'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.


World Wireless Communications's Asset Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, World Wireless Communications's Asset Turnover distribution charts can be found below:

* The bar in red indicates where World Wireless Communications's Asset Turnover falls into.



World Wireless Communications Asset Turnover Calculation

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

World Wireless Communications's Asset Turnover for the fiscal year that ended in Dec. 2002 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2002 )/( (Total Assets (A: Dec. 2001 )+Total Assets (A: Dec. 2002 ))/ count )
=0.735/( (1.687+0.777)/ 2 )
=0.735/1.232
=0.60

World Wireless Communications's Asset Turnover for the quarter that ended in Dec. 2002 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2002 )/( (Total Assets (Q: Sep. 2002 )+Total Assets (Q: Dec. 2002 ))/ count )
=0.145/( (0.98+0.777)/ 2 )
=0.145/0.8785
=0.17

* 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.


World Wireless Communications  (OTCPK:WWRL) Asset Turnover Explanation

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

World Wireless Communications's annulized ROE % for the quarter that ended in Dec. 2002 is

ROE %**(Q: Dec. 2002 )
=Net Income/Total Stockholders Equity
=-5.724/-8.113
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-5.724 / 0.58)*(0.58 / 0.8785)*(0.8785/ -8.113)
=Net Margin %*Asset Turnover*Equity Multiplier
=-986.9 %*0.6602*-0.1083
=ROA %*Equity Multiplier
=-651.57 %*-0.1083
=70.55 %

Note: The Net Income data used here is four times the quarterly (Dec. 2002) net income data. The Revenue data used here is four times the quarterly (Dec. 2002) 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:

World Wireless Communications's annulized ROA % for the quarter that ended in Dec. 2002 is

ROA %(Q: Dec. 2002 )
=Net Income/Total Assets
=-5.724/0.8785
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-5.724 / 0.58)*(0.58 / 0.8785)
=Net Margin %*Asset Turnover
=-986.9 %*0.6602
=-651.57 %

Note: The Net Income data used here is four times the quarterly (Dec. 2002) net income data. The Revenue data used here is four times the quarterly (Dec. 2002) 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.


World Wireless Communications Asset Turnover Related Terms

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World Wireless Communications (World Wireless Communications) Business Description

Traded in Other Exchanges
N/A
Address
5670 Greenwood Plaza Blvd., Penthouse, Greenwood Village, CO, USA, 80111
World Wireless Communications Inc is a telecom service provider in the United States. The firm is engaged as a developer of wired and wireless telemetry and remote control systems.
Executives
Marty Steinberg 10 percent owner 1111 BRICKELL AVENUE SUITE 2500, MIAMI FL 33131

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