Tien Len Steel JSC (STC:TLH) Asset Turnover : 0.00 (As of . 20)

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What is Tien Len Steel JSC Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Tien Len Steel JSC's Revenue for the three months ended in . 20 was ₫ Mil. Tien Len Steel JSC's Total Assets for the quarter that ended in . 20 was ₫ Mil. Therefore, Tien Len Steel JSC's Asset Turnover for the quarter that ended in . 20 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Tien Len Steel JSC's annualized ROE % for the quarter that ended in . 20 was %. It is also linked to ROA % through Du Pont Formula. Tien Len Steel JSC's annualized ROA % for the quarter that ended in . 20 was %.

Tien Len Steel JSC Asset Turnover Historical Data

The historical data trend for Tien Len Steel JSC'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.

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Tien Len Steel JSC Asset Turnover Chart

Tien Len Steel JSC Annual Data

Trend

Asset Turnover

Tien Len Steel JSC Quarterly Data

Asset Turnover

Competitive Comparison of Tien Len Steel JSC's Asset Turnover

For the Steel subindustry, Tien Len Steel JSC'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.

Tien Len Steel JSC's Asset Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tien Len Steel JSC's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Tien Len Steel JSC's Asset Turnover falls into.

Tien Len Steel JSC Asset Turnover Calculation

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

Tien Len Steel JSC's Asset Turnover for the fiscal year that ended in . 20 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: . 20 )	/	( (Total Assets (A: . 20 )	+	Total Assets (A: . 20 ))	/ count )
=		/	( (	+	)	/ )
=		/
=

Tien Len Steel JSC's Asset Turnover for the quarter that ended in . 20 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: . 20 )	/	( (Total Assets (Q: . 20 )	+	Total Assets (Q: . 20 ))	/ count )
=		/	( (	+	)	/ )
=		/
=

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.

Tien Len Steel JSC (STC:TLH) Asset Turnover Explanation

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

Tien Len Steel JSC's annulized ROE % for the quarter that ended in . 20 is

	ROE %^**		(Q: . 20 )
=	Net Income	/	Total Stockholders Equity
=		/
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	( / )	*	( / )	*	(/ )
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	%	*		*
=	ROA %	*	Equity Multiplier
=	%	*
=	%

Note: The Net Income data used here is four times the quarterly (. 20) net income data. The Revenue data used here is four times the quarterly (. 20) revenue data.

^** 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:

Tien Len Steel JSC's annulized ROA % for the quarter that ended in . 20 is

	ROA %		(Q: . 20 )
=	Net Income	/	Total Assets
=		/
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	( / )	*	( / )
=	Net Margin %	*	Asset Turnover
=	%	*
=	%

Note: The Net Income data used here is four times the quarterly (. 20) net income data. The Revenue data used here is four times the quarterly (. 20) revenue data.

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.

Tien Len Steel JSC Asset Turnover Related Terms

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Tien Len Steel JSC (STC:TLH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tien Len Steel Corp JSC (STC:TLH) » Definitions » Asset Turnover

Traded in Other Exchanges

N/A

Address

No. G4A, Quarter 4, Tan Hiep Ward, Bien Hoa City, Dong Nai, VNM

Website

http://www.tienlengroup.com.vn

Tien Len Steel Corp JSC is engaged in manufacturing and marketing of hot rolled shape steel and various construction steel products in Vietnam and internationally. Its product portfolio includes roll steel, steel piles, steel plates, construction steel, steel box, steel corner, beaver and LA steel.