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PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Asset Turnover : 0.24 (As of Mar. 2024)


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What is PT Mandiri Herindo Adiperkasa 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 Mandiri Herindo Adiperkasa Tbk's Revenue for the three months ended in Mar. 2024 was Rp622,679 Mil. PT Mandiri Herindo Adiperkasa Tbk's Total Assets for the quarter that ended in Mar. 2024 was Rp2,570,974 Mil. Therefore, PT Mandiri Herindo Adiperkasa Tbk's Asset Turnover for the quarter that ended in Mar. 2024 was 0.24.

Asset Turnover is linked to ROE % through Du Pont Formula. PT Mandiri Herindo Adiperkasa Tbk's annualized ROE % for the quarter that ended in Mar. 2024 was 16.02%. It is also linked to ROA % through Du Pont Formula. PT Mandiri Herindo Adiperkasa Tbk's annualized ROA % for the quarter that ended in Mar. 2024 was 11.39%.


PT Mandiri Herindo Adiperkasa Tbk Asset Turnover Historical Data

The historical data trend for PT Mandiri Herindo Adiperkasa 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 Mandiri Herindo Adiperkasa Tbk Asset Turnover Chart

PT Mandiri Herindo Adiperkasa Tbk Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Asset Turnover
1.27 1.42 1.23 0.95

PT Mandiri Herindo Adiperkasa Tbk Quarterly Data
Dec20 Dec21 Mar22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Asset Turnover Get a 7-Day Free Trial Premium Member Only 0.30 0.27 - 0.24 0.24

Competitive Comparison of PT Mandiri Herindo Adiperkasa Tbk's Asset Turnover

For the Trucking subindustry, PT Mandiri Herindo Adiperkasa 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 Mandiri Herindo Adiperkasa Tbk's Asset Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT Mandiri Herindo Adiperkasa Tbk's Asset Turnover distribution charts can be found below:

* The bar in red indicates where PT Mandiri Herindo Adiperkasa Tbk's Asset Turnover falls into.



PT Mandiri Herindo Adiperkasa Tbk Asset Turnover Calculation

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

PT Mandiri Herindo Adiperkasa 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 )
=1977730.166/( (1606541.841+2553935.153)/ 2 )
=1977730.166/2080238.497
=0.95

PT Mandiri Herindo Adiperkasa 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 )
=622679.482/( (2553935.153+2588013.081)/ 2 )
=622679.482/2570974.117
=0.24

* 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 Mandiri Herindo Adiperkasa Tbk  (ISX:MAHA) Asset Turnover Explanation

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

PT Mandiri Herindo Adiperkasa Tbk's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=292819.544/1828284.9825
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(292819.544 / 2490717.928)*(2490717.928 / 2570974.117)*(2570974.117/ 1828284.9825)
=Net Margin %*Asset Turnover*Equity Multiplier
=11.76 %*0.9688*1.4062
=ROA %*Equity Multiplier
=11.39 %*1.4062
=16.02 %

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 Mandiri Herindo Adiperkasa Tbk's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=292819.544/2570974.117
=(Net Income / Revenue)*(Revenue / Total Assets)
=(292819.544 / 2490717.928)*(2490717.928 / 2570974.117)
=Net Margin %*Asset Turnover
=11.76 %*0.9688
=11.39 %

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 Mandiri Herindo Adiperkasa Tbk Asset Turnover Related Terms

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PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Business Description

Traded in Other Exchanges
N/A
Address
Senopati Raya No. 8B, Office 8, Floor 31, SCBD Lot 28, Jakarta, IDN, 12190
PT Mandiri Herindo Adiperkasa Tbk is one of the mineral and coal transportation service providers, supported by resources and professional personnel with integrity. Mandiri Services strives to provide safe, efficient, and effective mining services. Its focus is to provide prosperity and energy to the people of Indonesia through consistent and sustainable innovation toward a better future. The company focuses on coal hauling service activities after overburden removal activities are carried out by contractors. The Company also has several types of units in the implementation of coal transportation services, namely single trailers, double trailers and dump trucks with variations in payload capacity and equipment specifications according to the needs of the employer.

PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Headlines

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