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Lindblad Expeditions Holdings (Lindblad Expeditions Holdings) Asset Turnover : 0.18 (As of Mar. 2024)


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What is Lindblad Expeditions Holdings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Lindblad Expeditions Holdings's Revenue for the three months ended in Mar. 2024 was $153.6 Mil. Lindblad Expeditions Holdings's Total Assets for the quarter that ended in Mar. 2024 was $849.7 Mil. Therefore, Lindblad Expeditions Holdings's Asset Turnover for the quarter that ended in Mar. 2024 was 0.18.

Asset Turnover is linked to ROE % through Du Pont Formula. Lindblad Expeditions Holdings's annualized ROE % for the quarter that ended in Mar. 2024 was 10.46%. It is also linked to ROA % through Du Pont Formula. Lindblad Expeditions Holdings's annualized ROA % for the quarter that ended in Mar. 2024 was -1.87%.


Lindblad Expeditions Holdings Asset Turnover Historical Data

The historical data trend for Lindblad Expeditions 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.

* Premium members only.

Lindblad Expeditions Holdings Asset Turnover Chart

Lindblad Expeditions Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.67 0.13 0.19 0.52 0.70

Lindblad Expeditions Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only Premium Member Only 0.18 0.15 0.21 0.15 0.18

Competitive Comparison of Lindblad Expeditions Holdings's Asset Turnover

For the Travel Services subindustry, Lindblad Expeditions 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.


Lindblad Expeditions Holdings's Asset Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Lindblad Expeditions Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Lindblad Expeditions Holdings's Asset Turnover falls into.



Lindblad Expeditions Holdings Asset Turnover Calculation

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

Lindblad Expeditions Holdings's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=569.543/( (787.975+831.297)/ 2 )
=569.543/809.636
=0.70

Lindblad Expeditions Holdings's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=153.614/( (831.297+868.038)/ 2 )
=153.614/849.6675
=0.18

* 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.


Lindblad Expeditions Holdings  (NAS:LIND) Asset Turnover Explanation

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

Lindblad Expeditions Holdings's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-15.916/-152.15
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-15.916 / 614.456)*(614.456 / 849.6675)*(849.6675/ -152.15)
=Net Margin %*Asset Turnover*Equity Multiplier
=-2.59 %*0.7232*-5.5844
=ROA %*Equity Multiplier
=-1.87 %*-5.5844
=10.46 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) 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:

Lindblad Expeditions Holdings's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-15.916/849.6675
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-15.916 / 614.456)*(614.456 / 849.6675)
=Net Margin %*Asset Turnover
=-2.59 %*0.7232
=-1.87 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) 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.


Lindblad Expeditions Holdings Asset Turnover Related Terms

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Lindblad Expeditions Holdings (Lindblad Expeditions Holdings) Business Description

Traded in Other Exchanges
Address
96 Morton Street, 9th Floor, New York, NY, USA, 10014
Lindblad Expeditions Holdings Inc provides expedition cruising and adventure travel services. The company operates in two segments: Lindblad and Land Experiences, of which Lindblad generates the vast majority of its revenue. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions. Lindblad operates a fleet of nine owned expedition ships and five seasonal charter vessels under the Lindblad brand.
Executives
Alex P Schultz director C/O LINDBLAD EXPEDITIONS HOLDING, INC., 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Smith, Jr. Thomas S. director 2 PENN PLAZA, NEW YORK NY 10121
Fahey John M Jr director C/O NATINAL GEOGRAPHIC, 1146 17TH STREET NW, WASHINTON DC 20036
Catherine B Reynolds director PO BOX 9870, MCLEAN VA 22102
L. Dyson Dryden director 305 WEST PENNSYLVANIA AVENUE, TOWSON MD 21204
Michael Elliott Bisnow director C/O LINDBLAD EXPEDITIONS HOLDING, INC., 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Sven-olof Lindblad director, 10 percent owner 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Bernard W Aronson director
Mark Ein director
Noah Brodsky officer: Chief Commercial Officer C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Dolf A Berle director, officer: CEO 2481 MANANA DRIVE, DALLAS TX 75220
Benjamin Bressler officer: President of Natural Habitat 833 WEST SOUTH BOULDER ROAD, BLDG G, LOUISVILLE CO 80027-2452
Trey Byus officer: Chief Expedition Officer 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Craig Felenstein officer: Chief Financial Officer 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
David Goodman officer: Chief Commercial and Marketing 1334 YORK AVENUE, NEW YORK X1 10021