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Modon Holding PSC (ADX:MODON) Asset Turnover : 0.05 (As of Jun. 2024)


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What is Modon Holding PSC Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Modon Holding PSC's Revenue for the six months ended in Jun. 2024 was د.إ2,188 Mil. Modon Holding PSC's Total Assets for the quarter that ended in Jun. 2024 was د.إ45,288 Mil. Therefore, Modon Holding PSC's Asset Turnover for the quarter that ended in Jun. 2024 was 0.05.

Asset Turnover is linked to ROE % through Du Pont Formula. Modon Holding PSC's annualized ROE % for the quarter that ended in Jun. 2024 was 55.09%. It is also linked to ROA % through Du Pont Formula. Modon Holding PSC's annualized ROA % for the quarter that ended in Jun. 2024 was 38.52%.


Modon Holding PSC Asset Turnover Historical Data

The historical data trend for Modon Holding PSC'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.

Modon Holding PSC Asset Turnover Chart

Modon Holding PSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 0.02 0.02 0.01 0.02 0.02

Modon Holding PSC Semi-Annual Data
Dec16 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 0.02 0.01 0.03 - 0.05

Competitive Comparison of Modon Holding PSC's Asset Turnover

For the Real Estate Services subindustry, Modon Holding PSC'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.


Modon Holding PSC's Asset Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Modon Holding PSC's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Modon Holding PSC's Asset Turnover falls into.



Modon Holding PSC Asset Turnover Calculation

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

Modon Holding PSC'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 )
=473.338/( (19541.744+21311.081)/ 2 )
=473.338/20426.4125
=0.02

Modon Holding PSC'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 )
=2188.004/( (21311.081+69265.218)/ 2 )
=2188.004/45288.1495
=0.05

* 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.


Modon Holding PSC  (ADX:MODON) Asset Turnover Explanation

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

Modon Holding PSC's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=17443.632/31662.322
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(17443.632 / 4376.008)*(4376.008 / 45288.1495)*(45288.1495/ 31662.322)
=Net Margin %*Asset Turnover*Equity Multiplier
=398.62 %*0.0966*1.4303
=ROA %*Equity Multiplier
=38.52 %*1.4303
=55.09 %

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:

Modon Holding PSC's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=17443.632/45288.1495
=(Net Income / Revenue)*(Revenue / Total Assets)
=(17443.632 / 4376.008)*(4376.008 / 45288.1495)
=Net Margin %*Asset Turnover
=398.62 %*0.0966
=38.52 %

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.


Modon Holding PSC Asset Turnover Related Terms

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Modon Holding PSC Business Description

Traded in Other Exchanges
N/A
Address
Sheikh Zayed Road, Ministries Complex, Zone 1, Abu Dhabi, ARE
Modon Holding PSC develops vibrant communities, hospitality and lifestyle experiences, and world-class sports facilities. It engaged in strategic investment and innovation on an unrivaled scale, shaping future smart living. Its projects are Surf Abu Dhabi and Velodrome.

Modon Holding PSC Headlines

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