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Q Holding PJSC (ADX:QHOLDING) Asset Turnover : 0.02 (As of Jun. 2023)


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What is Q Holding PJSC Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Q Holding PJSC's Revenue for the three months ended in Jun. 2023 was د.إ295.8 Mil. Q Holding PJSC's Total Assets for the quarter that ended in Jun. 2023 was د.إ19,429.5 Mil. Therefore, Q Holding PJSC's Asset Turnover for the quarter that ended in Jun. 2023 was 0.02.

Asset Turnover is linked to ROE % through Du Pont Formula. Q Holding PJSC's annualized ROE % for the quarter that ended in Jun. 2023 was 15.27%. It is also linked to ROA % through Du Pont Formula. Q Holding PJSC's annualized ROA % for the quarter that ended in Jun. 2023 was 10.53%.


Q Holding PJSC Asset Turnover Historical Data

The historical data trend for Q Holding PJSC'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.

Q Holding PJSC Asset Turnover Chart

Q Holding PJSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 0.02 0.02 0.01 0.02 0.02

Q Holding PJSC Quarterly Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 Dec22 Jun23 Dec23
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 0.02 - - 0.02 -

Competitive Comparison of Q Holding PJSC's Asset Turnover

For the Real Estate Services subindustry, Q Holding PJSC'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.


Q Holding PJSC's Asset Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Q Holding PJSC's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Q Holding PJSC's Asset Turnover falls into.



Q Holding PJSC Asset Turnover Calculation

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

Q Holding PJSC'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 )
=473.338/( (19541.744+21311.081)/ 2 )
=473.338/20426.4125
=0.02

Q Holding PJSC's Asset Turnover for the quarter that ended in Jun. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Jun. 2023 ))/ count )
=295.822/( (19541.744+19317.178)/ 2 )
=295.822/19429.461
=0.02

* 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.


Q Holding PJSC  (ADX:QHOLDING) Asset Turnover Explanation

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

Q Holding PJSC's annulized ROE % for the quarter that ended in Jun. 2023 is

ROE %**(Q: Jun. 2023 )
=Net Income/Total Stockholders Equity
=2046.192/13403.876
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2046.192 / 1183.288)*(1183.288 / 19429.461)*(19429.461/ 13403.876)
=Net Margin %*Asset Turnover*Equity Multiplier
=172.92 %*0.0609*1.4495
=ROA %*Equity Multiplier
=10.53 %*1.4495
=15.27 %

Note: The Net Income data used here is four times the quarterly (Jun. 2023) net income data. The Revenue data used here is four times the quarterly (Jun. 2023) 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:

Q Holding PJSC's annulized ROA % for the quarter that ended in Jun. 2023 is

ROA %(Q: Jun. 2023 )
=Net Income/Total Assets
=2046.192/19429.461
=(Net Income / Revenue)*(Revenue / Total Assets)
=(2046.192 / 1183.288)*(1183.288 / 19429.461)
=Net Margin %*Asset Turnover
=172.92 %*0.0609
=10.53 %

Note: The Net Income data used here is four times the quarterly (Jun. 2023) net income data. The Revenue data used here is four times the quarterly (Jun. 2023) 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.


Q Holding PJSC Asset Turnover Related Terms

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Q Holding PJSC (ADX:QHOLDING) Business Description

Traded in Other Exchanges
N/A
Address
Sheikh Zayed Road, Ministries Complex, Zone 1, Abu Dhabi, ARE
Q Holding PJSC is an investment holding company. It focused on the development, management, sales, and leasing of real estate projects, launching and managing educational, hospitality, and healthcare projects, and acquiring controlling interests in strategic companies. Its operating segments include Real Estate, Hospitality, Labour accommodation, and Others. It derives the maximum revenue from the Real Estate segment.

Q Holding PJSC (ADX:QHOLDING) Headlines

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