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BDWBY (Budweiser Brewing Co APAC) Asset Turnover : 0.12 (As of Jun. 2024)


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What is Budweiser Brewing Co APAC Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Budweiser Brewing Co APAC's Revenue for the three months ended in Jun. 2024 was $1,756 Mil. Budweiser Brewing Co APAC's Total Assets for the quarter that ended in Jun. 2024 was $15,254 Mil. Therefore, Budweiser Brewing Co APAC's Asset Turnover for the quarter that ended in Jun. 2024 was 0.12.

Asset Turnover is linked to ROE % through Du Pont Formula. Budweiser Brewing Co APAC's annualized ROE % for the quarter that ended in Jun. 2024 was 9.88%. It is also linked to ROA % through Du Pont Formula. Budweiser Brewing Co APAC's annualized ROA % for the quarter that ended in Jun. 2024 was 6.66%.


Budweiser Brewing Co APAC Asset Turnover Historical Data

The historical data trend for Budweiser Brewing Co APAC'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.

Budweiser Brewing Co APAC Asset Turnover Chart

Budweiser Brewing Co APAC Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 0.42 0.36 0.41 0.40 0.43

Budweiser Brewing Co APAC Quarterly Data
Dec17 Mar18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.12 0.08 0.10 0.12 0.11

Competitive Comparison of Budweiser Brewing Co APAC's Asset Turnover

For the Beverages - Brewers subindustry, Budweiser Brewing Co APAC'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.


Budweiser Brewing Co APAC's Asset Turnover Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Budweiser Brewing Co APAC's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Budweiser Brewing Co APAC's Asset Turnover falls into.



Budweiser Brewing Co APAC Asset Turnover Calculation

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

Budweiser Brewing Co APAC'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 )
=6856/( (15996+16234)/ 2 )
=6856/16115
=0.43

Budweiser Brewing Co APAC'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: Mar. 2024 )+Total Assets (Q: Jun. 2024 ))/ count )
=1756/( (0+15254)/ 1 )
=1756/15254
=0.12

* 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.


Budweiser Brewing Co APAC  (OTCPK:BDWBY) Asset Turnover Explanation

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

Budweiser Brewing Co APAC's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=1016/10287
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1016 / 7024)*(7024 / 15254)*(15254/ 10287)
=Net Margin %*Asset Turnover*Equity Multiplier
=14.46 %*0.4605*1.4828
=ROA %*Equity Multiplier
=6.66 %*1.4828
=9.88 %

Note: The Net Income data used here is four times the quarterly (Jun. 2024) net income data. The Revenue data used here is four times the quarterly (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:

Budweiser Brewing Co APAC's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=1016/15254
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1016 / 7024)*(7024 / 15254)
=Net Margin %*Asset Turnover
=14.46 %*0.4605
=6.66 %

Note: The Net Income data used here is four times the quarterly (Jun. 2024) net income data. The Revenue data used here is four times the quarterly (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.


Budweiser Brewing Co APAC Asset Turnover Related Terms

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Budweiser Brewing Co APAC Business Description

Traded in Other Exchanges
Address
500 Hennessy Road, 27th Floor Hysan Place, Room 2701, Causeway Bay, Hong Kong, HKG
Budweiser APAC is the largest brewer in Asia by retail sales value and the second largest by volume, according to Euromonitor. After 10% of the business was listed on the Hong Kong exchange in 2019, parent company Anheuser-Busch InBev owns close to 90% of the company's equity.Budweiser APAC's largest markets are China (roughly 80% of 2023 revenue), South Korea (12%), and India (6%). The remaining 2% comprises Japan, New Zealand, and other export markets in the Asia-Pacific region. The company predominantly produces, imports, markets, distributes, and sells a portfolio of more than 50 beer brands, both owned and licensed, including global brands Budweiser, Stella Artois, and Corona along with multicountry brands and local brands such as Hoegaarden, Cass and Harbin.