Property Connect Holdings (ASX:PCH) Asset Turnover : 0.00 (As of Dec. 2019)

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What is Property Connect 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. Property Connect Holdings's Revenue for the six months ended in Dec. 2019 was A$0.00 Mil. Property Connect Holdings's Total Assets for the quarter that ended in Dec. 2019 was A$0.50 Mil. Therefore, Property Connect Holdings's Asset Turnover for the quarter that ended in Dec. 2019 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Property Connect Holdings's annualized ROE % for the quarter that ended in Dec. 2019 was -186.50%. It is also linked to ROA % through Du Pont Formula. Property Connect Holdings's annualized ROA % for the quarter that ended in Dec. 2019 was -151.70%.

Property Connect Holdings Asset Turnover Historical Data

The historical data trend for Property Connect 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.

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Property Connect Holdings Asset Turnover Chart

Property Connect Holdings Annual Data

Trend

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Asset Turnover

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Property Connect Holdings Semi-Annual Data
	Mar10	Sep10	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
Asset Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Property Connect Holdings's Asset Turnover

For the Software - Application subindustry, Property Connect 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.

Property Connect Holdings's Asset Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Property Connect Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Property Connect Holdings's Asset Turnover falls into.

Property Connect Holdings Asset Turnover Calculation

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

Property Connect Holdings's Asset Turnover for the fiscal year that ended in Jun. 2020 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Jun. 2020 )	/	( (Total Assets (A: Jun. 2019 )	+	Total Assets (A: Jun. 2020 ))	/ count )
=	0	/	( (0.641	+	0.181)	/ 2 )
=	0	/	0.411
=	0.00

Property Connect Holdings's Asset Turnover for the quarter that ended in Dec. 2019 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Dec. 2019 )	/	( (Total Assets (Q: Jun. 2019 )	+	Total Assets (Q: Dec. 2019 ))	/ count )
=	0	/	( (0.641	+	0.361)	/ 2 )
=	0	/	0.501
=	0.00

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.

Property Connect Holdings (ASX:PCH) Asset Turnover Explanation

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

Property Connect Holdings's annulized ROE % for the quarter that ended in Dec. 2019 is

	ROE %^**		(Q: Dec. 2019 )
=	Net Income	/	Total Stockholders Equity
=	-0.76	/	0.4075
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-0.76 / 0)	*	(0 / 0.501)	*	(0.501/ 0.4075)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	%	*	0	*	1.2294
=	ROA %	*	Equity Multiplier
=	-151.70 %	*	1.2294
=	-186.50 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2019) net income data. The Revenue data used here is two times the semi-annual (Dec. 2019) revenue data.

^** 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:

Property Connect Holdings's annulized ROA % for the quarter that ended in Dec. 2019 is

	ROA %		(Q: Dec. 2019 )
=	Net Income	/	Total Assets
=	-0.76	/	0.501
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-0.76 / 0)	*	(0 / 0.501)
=	Net Margin %	*	Asset Turnover
=	%	*	0
=	-151.70 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2019) net income data. The Revenue data used here is two times the semi-annual (Dec. 2019) revenue data.

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.

Property Connect Holdings Asset Turnover Related Terms

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