GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT Buana Lintas Lautan Tbk (ISX:BULL) » Definitions » Asset Turnover

PT Buana Lintas Lautan Tbk (ISX:BULL) Asset Turnover : 0.11 (As of Mar. 2024)


View and export this data going back to 2011. Start your Free Trial

What is PT Buana Lintas Lautan Tbk Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. PT Buana Lintas Lautan Tbk's Revenue for the three months ended in Mar. 2024 was Rp612,169 Mil. PT Buana Lintas Lautan Tbk's Total Assets for the quarter that ended in Mar. 2024 was Rp5,821,171 Mil. Therefore, PT Buana Lintas Lautan Tbk's Asset Turnover for the quarter that ended in Mar. 2024 was 0.11.

Asset Turnover is linked to ROE % through Du Pont Formula. PT Buana Lintas Lautan Tbk's annualized ROE % for the quarter that ended in Mar. 2024 was 27.40%. It is also linked to ROA % through Du Pont Formula. PT Buana Lintas Lautan Tbk's annualized ROA % for the quarter that ended in Mar. 2024 was 10.84%.


PT Buana Lintas Lautan Tbk Asset Turnover Historical Data

The historical data trend for PT Buana Lintas Lautan Tbk'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.

PT Buana Lintas Lautan Tbk Asset Turnover Chart

PT Buana Lintas Lautan Tbk 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 0.23 0.28 0.25 0.25 0.39

PT Buana Lintas Lautan Tbk 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 0.09 0.10 0.11 0.11 0.11

Competitive Comparison of PT Buana Lintas Lautan Tbk's Asset Turnover

For the Marine Shipping subindustry, PT Buana Lintas Lautan Tbk'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.


PT Buana Lintas Lautan Tbk's Asset Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT Buana Lintas Lautan Tbk's Asset Turnover distribution charts can be found below:

* The bar in red indicates where PT Buana Lintas Lautan Tbk's Asset Turnover falls into.



PT Buana Lintas Lautan Tbk Asset Turnover Calculation

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

PT Buana Lintas Lautan Tbk'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 )
=2284865.966/( (5939636.96+5771809.39)/ 2 )
=2284865.966/5855723.175
=0.39

PT Buana Lintas Lautan Tbk'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 )
=612169.076/( (5771809.39+5870533.409)/ 2 )
=612169.076/5821171.3995
=0.11

* 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.


PT Buana Lintas Lautan Tbk  (ISX:BULL) Asset Turnover Explanation

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

PT Buana Lintas Lautan Tbk's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=630822.428/2301962.3015
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(630822.428 / 2448676.304)*(2448676.304 / 5821171.3995)*(5821171.3995/ 2301962.3015)
=Net Margin %*Asset Turnover*Equity Multiplier
=25.76 %*0.4207*2.5288
=ROA %*Equity Multiplier
=10.84 %*2.5288
=27.40 %

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.

** 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:

PT Buana Lintas Lautan Tbk's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=630822.428/5821171.3995
=(Net Income / Revenue)*(Revenue / Total Assets)
=(630822.428 / 2448676.304)*(2448676.304 / 5821171.3995)
=Net Margin %*Asset Turnover
=25.76 %*0.4207
=10.84 %

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.


PT Buana Lintas Lautan Tbk Asset Turnover Related Terms

Thank you for viewing the detailed overview of PT Buana Lintas Lautan Tbk's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


PT Buana Lintas Lautan Tbk (ISX:BULL) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Mega Kuningan Timur, Block C-6 Kav. 12A, South Jakarta, Mega Kuningan, Jakarta, IDN, 12950
PT Buana Lintas Lautan Tbk is a shipping company. The company is engaged in providing services such as Chartering and vessel operations, Shipping agency services, Ship management services, and Crew management services. The group's reportable segments are engaged based on the type of vessels chartered in Gas, Oil, FPSO and FSO, Chemical, and Others. Key revenue is generated from the Gas and Oil, FPSO, and FSO segment. The gas tankers segment of the company provides maritime transportation of liquified gas, which includes LPG, propylene, propane, and LNG. Oil and FPSO tankers provide maritime transportation of lubricating oil, crude oil, and petroleum products, floating tanker facility for production, storage, and off-loading of oil.

PT Buana Lintas Lautan Tbk (ISX:BULL) Headlines

No Headlines