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Sawang Export PCL (BKK:SAWANG) Asset Turnover : 0.08 (As of Mar. 2024)


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What is Sawang Export PCL Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Sawang Export PCL's Revenue for the three months ended in Mar. 2024 was ฿27.2 Mil. Sawang Export PCL's Total Assets for the quarter that ended in Mar. 2024 was ฿334.8 Mil. Therefore, Sawang Export PCL's Asset Turnover for the quarter that ended in Mar. 2024 was 0.08.

Asset Turnover is linked to ROE % through Du Pont Formula. Sawang Export PCL's annualized ROE % for the quarter that ended in Mar. 2024 was -2.61%. It is also linked to ROA % through Du Pont Formula. Sawang Export PCL's annualized ROA % for the quarter that ended in Mar. 2024 was -2.40%.


Sawang Export PCL Asset Turnover Historical Data

The historical data trend for Sawang Export PCL'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.

Sawang Export PCL Asset Turnover Chart

Sawang Export PCL 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 0.20 0.24 0.23 0.27 0.35

Sawang Export PCL 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 0.05 0.11 0.11 0.06 0.08

Competitive Comparison of Sawang Export PCL's Asset Turnover

For the Luxury Goods subindustry, Sawang Export PCL'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.


Sawang Export PCL's Asset Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sawang Export PCL's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Sawang Export PCL's Asset Turnover falls into.



Sawang Export PCL Asset Turnover Calculation

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

Sawang Export PCL'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 )
=119.71/( (350.449+335.629)/ 2 )
=119.71/343.039
=0.35

Sawang Export PCL'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 )
=27.187/( (335.629+333.939)/ 2 )
=27.187/334.784
=0.08

* 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.


Sawang Export PCL  (BKK:SAWANG) Asset Turnover Explanation

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

Sawang Export PCL's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-8.032/307.3395
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-8.032 / 108.748)*(108.748 / 334.784)*(334.784/ 307.3395)
=Net Margin %*Asset Turnover*Equity Multiplier
=-7.39 %*0.3248*1.0893
=ROA %*Equity Multiplier
=-2.40 %*1.0893
=-2.61 %

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:

Sawang Export PCL's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-8.032/334.784
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-8.032 / 108.748)*(108.748 / 334.784)
=Net Margin %*Asset Turnover
=-7.39 %*0.3248
=-2.40 %

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.


Sawang Export PCL Asset Turnover Related Terms

Thank you for viewing the detailed overview of Sawang Export PCL's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Sawang Export PCL (BKK:SAWANG) Business Description

Traded in Other Exchanges
N/A
Address
307-307/1-4, 56, 305 Surawongse Road, Bangrak, Bangkok, THA, 10500
Sawang Export PCL is engaged in the manufacturing and distributing of precious stones and jewelry. The company offers precious and semi-precious stones with expertise on Ruby and sapphire; and Gold and silver jewelry set with diamonds, Colored stones and Synthetic stones, including rings, earrings, and pendants. The organization operates in a single business segment being, Manufacturer and distributor of precious stones and jewelry. The group has a business presence in America, Europe, Thailand, Australia, and Asia, of which key revenue is derived from Australia, Europe, and Thailand.

Sawang Export PCL (BKK:SAWANG) Headlines

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