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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Unique Fabricating's Revenue for the three months ended in Sep. 2022 was $34.5 Mil. Unique Fabricating's Total Assets for the quarter that ended in Sep. 2022 was $89.8 Mil. Therefore, Unique Fabricating's Asset Turnover for the quarter that ended in Sep. 2022 was 0.38.
Asset Turnover is linked to ROE % through Du Pont Formula. Unique Fabricating's annualized ROE % for the quarter that ended in Sep. 2022 was -287.62%. It is also linked to ROA % through Du Pont Formula. Unique Fabricating's annualized ROA % for the quarter that ended in Sep. 2022 was -47.00%.
The historical data trend for Unique Fabricating'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.
Unique Fabricating Annual Data | |||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | ||||||||||
Asset Turnover | Get a 7-Day Free Trial | 1.43 | 1.42 | 1.36 | 1.13 | 1.17 |
Unique Fabricating Quarterly Data | ||||||||||||||||||||
Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | |
Asset Turnover | Get a 7-Day Free Trial | 0.27 | 0.28 | 0.34 | 0.35 | 0.38 |
For the Auto Parts subindustry, Unique Fabricating'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.
For the Vehicles & Parts industry and Consumer Cyclical sector, Unique Fabricating's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Unique Fabricating's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Unique Fabricating's Asset Turnover for the fiscal year that ended in Dec. 2021 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Dec. 2021 ) | / | ( (Total Assets (A: Dec. 2020 ) | + | Total Assets (A: Dec. 2021 )) | / count ) |
= | 125.669 | / | ( (111.18 | + | 103.677) | / 2 ) |
= | 125.669 | / | 107.4285 | |||
= | 1.17 |
Unique Fabricating's Asset Turnover for the quarter that ended in Sep. 2022 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Sep. 2022 ) | / | ( (Total Assets (Q: Jun. 2022 ) | + | Total Assets (Q: Sep. 2022 )) | / count ) |
= | 34.503 | / | ( (95.469 | + | 84.121) | / 2 ) |
= | 34.503 | / | 89.795 | |||
= | 0.38 |
* 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.
Unique Fabricating (OTCPK:UFABQ) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Unique Fabricating's annulized ROE % for the quarter that ended in Sep. 2022 is
ROE %** | (Q: Sep. 2022 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -42.208 | / | 14.675 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-42.208 / 138.012) | * | (138.012 / 89.795) | * | (89.795/ 14.675) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -30.58 % | * | 1.537 | * | 6.1189 |
= | ROA % | * | Equity Multiplier | ||
= | -47.00 % | * | 6.1189 | ||
= | -287.62 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2022) net income data. The Revenue data used here is four times the quarterly (Sep. 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:
Unique Fabricating's annulized ROA % for the quarter that ended in Sep. 2022 is
ROA % | (Q: Sep. 2022 ) | ||
= | Net Income | / | Total Assets |
= | -42.208 | / | 89.795 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-42.208 / 138.012) | * | (138.012 / 89.795) |
= | Net Margin % | * | Asset Turnover |
= | -30.58 % | * | 1.537 |
= | -47.00 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2022) net income data. The Revenue data used here is four times the quarterly (Sep. 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.
Thank you for viewing the detailed overview of Unique Fabricating's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Baum Richard L Jr | director | 10 KINZEL LANE, WEST ORANGE NJ 07052 |
Susan C. Benedict | director | C/O STONERIDGE, INC., 39675 MACKENZIE DRIVE, SUITE 400, NOVI MI 48377 |
Peninsula Fund V Limited Partnership | 10 percent owner | 500 WOODWARD AVENUE, SUITE 2800, DETROIT MI 48226 |
William Cooke | director | 800 STANDARD PARKWAY, AUBURN HILLS MI 48326 |
Patrick W Cavanagh | director | 800 STANDARD PARKWAY, AUBURN HILLS MI 48326 |
Brian P Loftus | officer: Chief Financial Officer | C/O UNIQUE FABRICATING, 800 STANDARD PARKWAY, AUBURN HILLS MI 48326 |
Cain Byrd Douglas Iii | officer: President and CEO | 2622 TWIN HILLS COURT, UNION KY 41091 |
Donn J Viola | director | C/O REV GROUP, INC., 111 EAST KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202 |
Paul Frascoia | director | 800 STANDARD PARKWAY, AUBURN HILLS MI 48326 |
Kim Korth | director | C/O IRN, INC., 2680 WALKER AVENUE, SUITE A, GRAND RAPIDS MI 49544 |
James Albert Illikman | director | 500 WOODWARD AVENUE, SUITE 2800, DETROIT MI 48226 |
Thomas Tekiele | officer: Chief Financial Officer | 800 STANDARD PARKWAY, AUBURN HILLS MI 48326 |
John Weinhardt | director, officer: President and CEO | 800 STANDARD PARKWAY, AUBURN HILLS MI 48326 |
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