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Semiteq Co (XKRX:081220) Asset Turnover : 0.29 (As of Sep. 2013)


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What is Semiteq Co Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Semiteq Co's Revenue for the three months ended in Sep. 2013 was ₩24,391 Mil. Semiteq Co's Total Assets for the quarter that ended in Sep. 2013 was ₩83,618 Mil. Therefore, Semiteq Co's Asset Turnover for the quarter that ended in Sep. 2013 was 0.29.

Asset Turnover is linked to ROE % through Du Pont Formula. Semiteq Co's annualized ROE % for the quarter that ended in Sep. 2013 was -17.95%. It is also linked to ROA % through Du Pont Formula. Semiteq Co's annualized ROA % for the quarter that ended in Sep. 2013 was -4.79%.


Semiteq Co Asset Turnover Historical Data

The historical data trend for Semiteq Co'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.

Semiteq Co Asset Turnover Chart

Semiteq Co Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11
Asset Turnover
1.04 0.83 0.90 1.29 1.32

Semiteq Co Quarterly Data
Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13
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 0.28 0.29 0.25 0.32 0.29

Competitive Comparison of Semiteq Co's Asset Turnover

For the Semiconductors subindustry, Semiteq Co'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.


Semiteq Co's Asset Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Semiteq Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Semiteq Co's Asset Turnover falls into.



Semiteq Co Asset Turnover Calculation

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

Semiteq Co's Asset Turnover for the fiscal year that ended in Dec. 2011 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2011 )/( (Total Assets (A: Dec. 2010 )+Total Assets (A: Dec. 2011 ))/ count )
=114558.233/( (84293.474+89771.603)/ 2 )
=114558.233/87032.5385
=1.32

Semiteq Co's Asset Turnover for the quarter that ended in Sep. 2013 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2013 )/( (Total Assets (Q: Jun. 2013 )+Total Assets (Q: Sep. 2013 ))/ count )
=24391.029/( (83445.051+83790.741)/ 2 )
=24391.029/83617.896
=0.29

* 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.


Semiteq Co  (XKRX:081220) Asset Turnover Explanation

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

Semiteq Co's annulized ROE % for the quarter that ended in Sep. 2013 is

ROE %**(Q: Sep. 2013 )
=Net Income/Total Stockholders Equity
=-4001.888/22299.5035
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-4001.888 / 97564.116)*(97564.116 / 83617.896)*(83617.896/ 22299.5035)
=Net Margin %*Asset Turnover*Equity Multiplier
=-4.1 %*1.1668*3.7498
=ROA %*Equity Multiplier
=-4.79 %*3.7498
=-17.95 %

Note: The Net Income data used here is four times the quarterly (Sep. 2013) net income data. The Revenue data used here is four times the quarterly (Sep. 2013) 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:

Semiteq Co's annulized ROA % for the quarter that ended in Sep. 2013 is

ROA %(Q: Sep. 2013 )
=Net Income/Total Assets
=-4001.888/83617.896
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-4001.888 / 97564.116)*(97564.116 / 83617.896)
=Net Margin %*Asset Turnover
=-4.1 %*1.1668
=-4.79 %

Note: The Net Income data used here is four times the quarterly (Sep. 2013) net income data. The Revenue data used here is four times the quarterly (Sep. 2013) 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.


Semiteq Co Asset Turnover Related Terms

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Semiteq Co (XKRX:081220) Business Description

Traded in Other Exchanges
N/A
Address
Semiteq Co.,Ltd. With semiconductor post-processing its major business, it conducts assembly and package final testing. Main items are BOC, FBGA, TSOP, QFP, SOP, and DIP. It also offers the final test on System IC products.

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