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Jahez International Co for Information and Technology (SAU:9526) Asset Turnover : 0.61 (As of Dec. 2023)


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What is Jahez International Co for Information and Technology Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Jahez International Co for Information and Technology's Revenue for the six months ended in Dec. 2023 was ﷼949 Mil. Jahez International Co for Information and Technology's Total Assets for the quarter that ended in Dec. 2023 was ﷼1,559 Mil. Therefore, Jahez International Co for Information and Technology's Asset Turnover for the quarter that ended in Dec. 2023 was 0.61.

Asset Turnover is linked to ROE % through Du Pont Formula. Jahez International Co for Information and Technology's annualized ROE % for the quarter that ended in Dec. 2023 was 11.25%. It is also linked to ROA % through Du Pont Formula. Jahez International Co for Information and Technology's annualized ROA % for the quarter that ended in Dec. 2023 was 8.04%.


Jahez International Co for Information and Technology Asset Turnover Historical Data

The historical data trend for Jahez International Co for Information and Technology'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.

Jahez International Co for Information and Technology Asset Turnover Chart

Jahez International Co for Information and Technology Annual Data
Trend Dec21 Dec22 Dec23
Asset Turnover
2.35 1.68 1.17

Jahez International Co for Information and Technology Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Asset Turnover Get a 7-Day Free Trial 1.36 0.82 0.63 0.58 0.61

Competitive Comparison of Jahez International Co for Information and Technology's Asset Turnover

For the Internet Retail subindustry, Jahez International Co for Information and Technology'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.


Jahez International Co for Information and Technology's Asset Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Jahez International Co for Information and Technology's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Jahez International Co for Information and Technology's Asset Turnover falls into.



Jahez International Co for Information and Technology Asset Turnover Calculation

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

Jahez International Co for Information and Technology'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 )
=1784.755/( (1410.885+1650.796)/ 2 )
=1784.755/1530.8405
=1.17

Jahez International Co for Information and Technology's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=949.14/( (1467.226+1650.796)/ 2 )
=949.14/1559.011
=0.61

* 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.


Jahez International Co for Information and Technology  (SAU:9526) Asset Turnover Explanation

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

Jahez International Co for Information and Technology's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=125.282/1113.6835
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(125.282 / 1898.28)*(1898.28 / 1559.011)*(1559.011/ 1113.6835)
=Net Margin %*Asset Turnover*Equity Multiplier
=6.6 %*1.2176*1.3999
=ROA %*Equity Multiplier
=8.04 %*1.3999
=11.25 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 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:

Jahez International Co for Information and Technology's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=125.282/1559.011
=(Net Income / Revenue)*(Revenue / Total Assets)
=(125.282 / 1898.28)*(1898.28 / 1559.011)
=Net Margin %*Asset Turnover
=6.6 %*1.2176
=8.04 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 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.


Jahez International Co for Information and Technology Asset Turnover Related Terms

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Jahez International Co for Information and Technology (SAU:9526) Business Description

Traded in Other Exchanges
N/A
Address
2065, King Abdullah bin Abdulaziz Road, P.O. Box 2065, Al-Waha District 8594, Riyadh, SAU, 12444
Jahez International Co for Information and Technology operates as an online food delivery platform, connecting users, merchants, and delivery partners across the Kingdom. It engages in providing wireless data services, systems analysis, designing and programming software and providing delivery services via e-platforms.

Jahez International Co for Information and Technology (SAU:9526) Headlines

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