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Exact Holding NV (XAMS:EXACT) Asset Turnover : 0.47 (As of Dec. 2014)


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What is Exact Holding NV Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Exact Holding NV's Revenue for the six months ended in Dec. 2014 was €97.1 Mil. Exact Holding NV's Total Assets for the quarter that ended in Dec. 2014 was €207.3 Mil. Therefore, Exact Holding NV's Asset Turnover for the quarter that ended in Dec. 2014 was 0.47.

Asset Turnover is linked to ROE % through Du Pont Formula. Exact Holding NV's annualized ROE % for the quarter that ended in Dec. 2014 was 43.79%. It is also linked to ROA % through Du Pont Formula. Exact Holding NV's annualized ROA % for the quarter that ended in Dec. 2014 was 22.86%.


Exact Holding NV Asset Turnover Historical Data

The historical data trend for Exact Holding NV'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.

Exact Holding NV Asset Turnover Chart

Exact Holding NV Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.97 0.95 1.04 1.04 0.89

Exact Holding NV Semi-Annual Data
Dec01 Dec02 Dec05 Dec06 Dec07 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14
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 0.52 0.43 0.44 0.45 0.47

Competitive Comparison of Exact Holding NV's Asset Turnover

For the Software - Infrastructure subindustry, Exact Holding NV'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.


Exact Holding NV's Asset Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Exact Holding NV's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Exact Holding NV's Asset Turnover falls into.



Exact Holding NV Asset Turnover Calculation

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

Exact Holding NV's Asset Turnover for the fiscal year that ended in Dec. 2014 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2014 )/( (Total Assets (A: Dec. 2013 )+Total Assets (A: Dec. 2014 ))/ count )
=188.124/( (204.634+217.039)/ 2 )
=188.124/210.8365
=0.89

Exact Holding NV's Asset Turnover for the quarter that ended in Dec. 2014 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2014 )/( (Total Assets (Q: Jun. 2014 )+Total Assets (Q: Dec. 2014 ))/ count )
=97.098/( (197.644+217.039)/ 2 )
=97.098/207.3415
=0.47

* 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.


Exact Holding NV  (XAMS:EXACT) Asset Turnover Explanation

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

Exact Holding NV's annulized ROE % for the quarter that ended in Dec. 2014 is

ROE %**(Q: Dec. 2014 )
=Net Income/Total Stockholders Equity
=47.396/108.2365
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(47.396 / 194.196)*(194.196 / 207.3415)*(207.3415/ 108.2365)
=Net Margin %*Asset Turnover*Equity Multiplier
=24.41 %*0.9366*1.9156
=ROA %*Equity Multiplier
=22.86 %*1.9156
=43.79 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2014) net income data. The Revenue data used here is two times the semi-annual (Dec. 2014) 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:

Exact Holding NV's annulized ROA % for the quarter that ended in Dec. 2014 is

ROA %(Q: Dec. 2014 )
=Net Income/Total Assets
=47.396/207.3415
=(Net Income / Revenue)*(Revenue / Total Assets)
=(47.396 / 194.196)*(194.196 / 207.3415)
=Net Margin %*Asset Turnover
=24.41 %*0.9366
=22.86 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2014) net income data. The Revenue data used here is two times the semi-annual (Dec. 2014) 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.


Exact Holding NV Asset Turnover Related Terms

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Exact Holding NV (XAMS:EXACT) Business Description

Traded in Other Exchanges
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Address
Exact Holding NV was founded in 1984. The Company is a supplier of enterprise resource planning and accounting software for small and medium sized businesses. It develops industry-specific software and offer these as on-premises, software-as-a-service and true cloud solutions. Its products include Exact Globe Next, an ERP software that structures business processes on a single platform and consolidates information flows; Exact Synergy, a Web-based solution, which unites processes, and connects information in the areas of employees, customers, and financial transactions; Exact Financials; and Exact Online, a business software that provides possibilities for collaboration and advice between accountants and their customers. The Company's solutions also include Exact JobBOSS, shop management software for job shops, and custom, contract and high-tech manufacturers in the Americas; Exact Dimoni, ERP solution engaged in financial, commercial and industrial management in Spain; Exact Macola, an integrated ERP solution designed for the manufacturing and distribution sectors in the Americas; Exact ProAcc, an ERP solution for the Belgian SMB market running on MS Windows, MacOS and via internet; Exact Business Analytics, analytical software that empowers people to intelligently interpret and analyze business data to make better decisions; and Exact Event Manager, a business activity monitoring, alerting, and automation tool, among others.

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