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AlseaB de CV (FRA:4FU) Asset Turnover : 0.26 (As of Sep. 2023)


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What is AlseaB de CV Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. AlseaB de CV's Revenue for the three months ended in Sep. 2023 was €1,047 Mil. AlseaB de CV's Total Assets for the quarter that ended in Sep. 2023 was €4,079 Mil. Therefore, AlseaB de CV's Asset Turnover for the quarter that ended in Sep. 2023 was 0.26.

Asset Turnover is linked to ROE % through Du Pont Formula. AlseaB de CV's annualized ROE % for the quarter that ended in Sep. 2023 was 25.93%. It is also linked to ROA % through Du Pont Formula. AlseaB de CV's annualized ROA % for the quarter that ended in Sep. 2023 was 2.61%.


AlseaB de CV Asset Turnover Historical Data

The historical data trend for AlseaB de CV'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.

AlseaB de CV Asset Turnover Chart

AlseaB de CV 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 0.98 0.90 0.45 0.66 0.90

AlseaB de CV Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.23 0.24 0.24 0.25 0.26

Competitive Comparison of AlseaB de CV's Asset Turnover

For the Restaurants subindustry, AlseaB de CV'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.


AlseaB de CV's Asset Turnover Distribution in the Restaurants Industry

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

* The bar in red indicates where AlseaB de CV's Asset Turnover falls into.



AlseaB de CV Asset Turnover Calculation

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

AlseaB de CV'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 )
=3332.825/( (3579.757+3798.916)/ 2 )
=3332.825/3689.3365
=0.90

AlseaB de CV's Asset Turnover for the quarter that ended in Sep. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=1047.332/( (4059.863+4099.005)/ 2 )
=1047.332/4079.434
=0.26

* 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.


AlseaB de CV  (FRA:4FU) Asset Turnover Explanation

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

AlseaB de CV's annulized ROE % for the quarter that ended in Sep. 2023 is

ROE %**(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=106.428/410.4325
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(106.428 / 4189.328)*(4189.328 / 4079.434)*(4079.434/ 410.4325)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.54 %*1.0269*9.9394
=ROA %*Equity Multiplier
=2.61 %*9.9394
=25.93 %

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

AlseaB de CV's annulized ROA % for the quarter that ended in Sep. 2023 is

ROA %(Q: Sep. 2023 )
=Net Income/Total Assets
=106.428/4079.434
=(Net Income / Revenue)*(Revenue / Total Assets)
=(106.428 / 4189.328)*(4189.328 / 4079.434)
=Net Margin %*Asset Turnover
=2.54 %*1.0269
=2.61 %

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


AlseaB de CV Asset Turnover Related Terms

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AlseaB de CV (FRA:4FU) Business Description

Traded in Other Exchanges
Address
Av. Paseo de la Reforma 222, Torre1 Piso3, Juarez, MEX, 06600
Alsea SAB de CV operates and franchises thousands of restaurants in Mexico, South America, and Spain. Most of its restaurants are global brands that the company operates under license or as a franchisee. Its biggest brands are Starbucks, Burger King, and Domino's Pizza, which collectively provide nearly 60% of the company's total revenue and total number of stores. The company's proprietary brands include Vips, El Porton, and Foster's Hollywood. Franchisees operate roughly 20% of the company's restaurants. Alsea generates more than half of its revenue in Mexico, while the remaining revenue is split roughly evenly between South America and Spain.

AlseaB de CV (FRA:4FU) Headlines

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