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Birla Carbon (Thailand) PCL (BKK:BCT-F) Asset Turnover : 0.10 (As of Dec. 2023)


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What is Birla Carbon (Thailand) PCL Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Birla Carbon (Thailand) PCL's Revenue for the three months ended in Dec. 2023 was ฿3,295 Mil. Birla Carbon (Thailand) PCL's Total Assets for the quarter that ended in Dec. 2023 was ฿34,087 Mil. Therefore, Birla Carbon (Thailand) PCL's Asset Turnover for the quarter that ended in Dec. 2023 was 0.10.

Asset Turnover is linked to ROE % through Du Pont Formula. Birla Carbon (Thailand) PCL's annualized ROE % for the quarter that ended in Dec. 2023 was 3.40%. It is also linked to ROA % through Du Pont Formula. Birla Carbon (Thailand) PCL's annualized ROA % for the quarter that ended in Dec. 2023 was 3.09%.


Birla Carbon (Thailand) PCL Asset Turnover Historical Data

The historical data trend for Birla Carbon (Thailand) PCL'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.

Birla Carbon (Thailand) PCL Asset Turnover Chart

Birla Carbon (Thailand) PCL Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.45 0.36 0.23 0.41 0.44

Birla Carbon (Thailand) PCL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.10 0.10 0.10 0.10 0.10

Competitive Comparison of Birla Carbon (Thailand) PCL's Asset Turnover

For the Specialty Chemicals subindustry, Birla Carbon (Thailand) PCL'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.


Birla Carbon (Thailand) PCL's Asset Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Birla Carbon (Thailand) PCL's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Birla Carbon (Thailand) PCL's Asset Turnover falls into.



Birla Carbon (Thailand) PCL Asset Turnover Calculation

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

Birla Carbon (Thailand) PCL's Asset Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2023 )/( (Total Assets (A: Mar. 2022 )+Total Assets (A: Mar. 2023 ))/ count )
=12839.029/( (27858.275+30946.311)/ 2 )
=12839.029/29402.293
=0.44

Birla Carbon (Thailand) PCL's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=3294.995/( (34314.718+33858.464)/ 2 )
=3294.995/34086.591
=0.10

* 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.


Birla Carbon (Thailand) PCL  (BKK:BCT-F) Asset Turnover Explanation

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

Birla Carbon (Thailand) PCL's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=1053.436/30970.919
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1053.436 / 13179.98)*(13179.98 / 34086.591)*(34086.591/ 30970.919)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.99 %*0.3867*1.1006
=ROA %*Equity Multiplier
=3.09 %*1.1006
=3.40 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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:

Birla Carbon (Thailand) PCL's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=1053.436/34086.591
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1053.436 / 13179.98)*(13179.98 / 34086.591)
=Net Margin %*Asset Turnover
=7.99 %*0.3867
=3.09 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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.


Birla Carbon (Thailand) PCL Asset Turnover Related Terms

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Birla Carbon (Thailand) PCL (BKK:BCT-F) Business Description

Traded in Other Exchanges
Address
Ploenchit Road, 888/122, 888/128 Mahatun Plaza Building, 16th Floor, Lumpini, Patumwan, Bangkok, THA, 10330
Birla Carbon (Thailand) PCL through its subsidiaries operates as a manufacturer and supplier of carbon black additives for distribution to international markets. Carbon black is the flagship business of the Aditya Birla Group. Its product offering categories include Rubber Products, Rubber - Birla Carbon 3000 Series, Specialty Products, Specialty Post-Treated Products, and Form Letters. Geographically, it derives a majority of revenue from Thailand and also has a presence in Japan, Indonesia, Vietnam, Malaysia, and Other countries. The company serves Tires, Specialty Blacks and Mechanical Rubber Goods market.

Birla Carbon (Thailand) PCL (BKK:BCT-F) Headlines

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