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Autogrill SpA (MIL:AGL) Asset Turnover : 0.61 (As of Dec. 2022)


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What is Autogrill SpA Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Autogrill SpA's Revenue for the six months ended in Dec. 2022 was €2,551 Mil. Autogrill SpA's Total Assets for the quarter that ended in Dec. 2022 was €4,179 Mil. Therefore, Autogrill SpA's Asset Turnover for the quarter that ended in Dec. 2022 was 0.61.

Asset Turnover is linked to ROE % through Du Pont Formula. Autogrill SpA's annualized ROE % for the quarter that ended in Dec. 2022 was -3.54%. It is also linked to ROA % through Du Pont Formula. Autogrill SpA's annualized ROA % for the quarter that ended in Dec. 2022 was -0.78%.


Autogrill SpA Asset Turnover Historical Data

The historical data trend for Autogrill SpA'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.

Autogrill SpA Asset Turnover Chart

Autogrill SpA Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.06 1.37 0.44 0.64 1.08

Autogrill SpA Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22
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 0.20 0.21 0.40 0.46 0.61

Competitive Comparison of Autogrill SpA's Asset Turnover

For the Restaurants subindustry, Autogrill SpA'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.


Autogrill SpA's Asset Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Autogrill SpA's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Autogrill SpA's Asset Turnover falls into.



Autogrill SpA Asset Turnover Calculation

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

Autogrill SpA's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=4461.359/( (4118.897+4138.334)/ 2 )
=4461.359/4128.6155
=1.08

Autogrill SpA's Asset Turnover for the quarter that ended in Dec. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2022 )/( (Total Assets (Q: Jun. 2022 )+Total Assets (Q: Dec. 2022 ))/ count )
=2551.105/( (4219.044+4138.334)/ 2 )
=2551.105/4178.689
=0.61

* 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.


Autogrill SpA  (MIL:AGL) Asset Turnover Explanation

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

Autogrill SpA's annulized ROE % for the quarter that ended in Dec. 2022 is

ROE %**(Q: Dec. 2022 )
=Net Income/Total Stockholders Equity
=-32.602/921.2015
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-32.602 / 5102.21)*(5102.21 / 4178.689)*(4178.689/ 921.2015)
=Net Margin %*Asset Turnover*Equity Multiplier
=-0.64 %*1.221*4.5361
=ROA %*Equity Multiplier
=-0.78 %*4.5361
=-3.54 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2022) net income data. The Revenue data used here is two times the semi-annual (Dec. 2022) 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:

Autogrill SpA's annulized ROA % for the quarter that ended in Dec. 2022 is

ROA %(Q: Dec. 2022 )
=Net Income/Total Assets
=-32.602/4178.689
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-32.602 / 5102.21)*(5102.21 / 4178.689)
=Net Margin %*Asset Turnover
=-0.64 %*1.221
=-0.78 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2022) net income data. The Revenue data used here is two times the semi-annual (Dec. 2022) 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.


Autogrill SpA Asset Turnover Related Terms

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Autogrill SpA (MIL:AGL) Business Description

Traded in Other Exchanges
N/A
Address
Centro Direzionale Milanofiori, Palazzo Z, Strada 5, Rozzano, ITA, 20089
Autogrill SpA operates thousands of food and beverage concession stands designed mostly for travellers. It has thousands of locations along motorways and in airports, train stations, and shopping centers. Autogrill's concession stands operate both as proprietary brands, such as Ciao, Bistrot, Puro Gusto, Motta, and Beaudeven, as well as licensed local and international brands, such as Starbucks, Burger King, and Brioche Doree. Roughly half of the company's revenue is generated in North America, where the company has most of its airport locations. The remaining revenue comes from Europe, where the company has far more total locations consisting mostly of locations along motorways in Italy and other parts of Europe.

Autogrill SpA (MIL:AGL) Headlines