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Hang Seng Bank (STU:HSB) Asset Turnover : 0.01 (As of Jun. 2024)


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What is Hang Seng Bank Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Hang Seng Bank's Revenue for the six months ended in Jun. 2024 was €2,431 Mil. Hang Seng Bank's Total Assets for the quarter that ended in Jun. 2024 was €200,950 Mil. Therefore, Hang Seng Bank's Asset Turnover for the quarter that ended in Jun. 2024 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Hang Seng Bank's annualized ROE % for the quarter that ended in Jun. 2024 was 11.91%. It is also linked to ROA % through Du Pont Formula. Hang Seng Bank's annualized ROA % for the quarter that ended in Jun. 2024 was 1.17%.


Hang Seng Bank Asset Turnover Historical Data

The historical data trend for Hang Seng Bank'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.

Hang Seng Bank Asset Turnover Chart

Hang Seng Bank 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 0.04 0.03 0.03 0.02 0.02

Hang Seng Bank Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 0.01 0.01 0.01 0.01 0.01

Competitive Comparison of Hang Seng Bank's Asset Turnover

For the Banks - Regional subindustry, Hang Seng Bank'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.


Hang Seng Bank's Asset Turnover Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Hang Seng Bank's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Hang Seng Bank's Asset Turnover falls into.



Hang Seng Bank Asset Turnover Calculation

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

Hang Seng Bank'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 )
=4792.945/( (224856.401+198679.889)/ 2 )
=4792.945/211768.145
=0.02

Hang Seng Bank's Asset Turnover for the quarter that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=2431.458/( (198679.889+203220.594)/ 2 )
=2431.458/200950.2415
=0.01

* 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.


Hang Seng Bank  (STU:HSB) Asset Turnover Explanation

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

Hang Seng Bank's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=2353.546/19762.571
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2353.546 / 4862.916)*(4862.916 / 200950.2415)*(200950.2415/ 19762.571)
=Net Margin %*Asset Turnover*Equity Multiplier
=48.4 %*0.0242*10.1682
=ROA %*Equity Multiplier
=1.17 %*10.1682
=11.91 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) net income data. The Revenue data used here is two times the semi-annual (Jun. 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:

Hang Seng Bank's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=2353.546/200950.2415
=(Net Income / Revenue)*(Revenue / Total Assets)
=(2353.546 / 4862.916)*(4862.916 / 200950.2415)
=Net Margin %*Asset Turnover
=48.4 %*0.0242
=1.17 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) net income data. The Revenue data used here is two times the semi-annual (Jun. 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.


Hang Seng Bank Asset Turnover Related Terms

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Hang Seng Bank Business Description

Traded in Other Exchanges
Address
83 Des Voeux Road Central, Hong kong, HKG
Hang Seng Bank is a Hong Kong-based financial institution. Founded in 1933, the bank has a long history in Hong Kong and operates three main segments, retail banking and wealth management, commercial banking, and global banking and markets. The majority of the group's profit is generated in Hong Kong and mainland China. HSBC has been its majority shareholder since 1965, with a controlling 62% stake.

Hang Seng Bank Headlines

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