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Bangkok Lab and Cosmetic PCL (BKK:BLC) Asset Turnover : 0.16 (As of Mar. 2024)


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What is Bangkok Lab and Cosmetic 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. Bangkok Lab and Cosmetic PCL's Revenue for the three months ended in Mar. 2024 was ฿365 Mil. Bangkok Lab and Cosmetic PCL's Total Assets for the quarter that ended in Mar. 2024 was ฿2,226 Mil. Therefore, Bangkok Lab and Cosmetic PCL's Asset Turnover for the quarter that ended in Mar. 2024 was 0.16.

Asset Turnover is linked to ROE % through Du Pont Formula. Bangkok Lab and Cosmetic PCL's annualized ROE % for the quarter that ended in Mar. 2024 was 9.97%. It is also linked to ROA % through Du Pont Formula. Bangkok Lab and Cosmetic PCL's annualized ROA % for the quarter that ended in Mar. 2024 was 7.15%.


Bangkok Lab and Cosmetic PCL Asset Turnover Historical Data

The historical data trend for Bangkok Lab and Cosmetic 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.

Bangkok Lab and Cosmetic PCL Asset Turnover Chart

Bangkok Lab and Cosmetic PCL Annual Data
Trend Dec21 Dec22 Dec23
Asset Turnover
1.01 1.08 0.82

Bangkok Lab and Cosmetic PCL Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.18 0.16 0.18 0.16

Competitive Comparison of Bangkok Lab and Cosmetic PCL's Asset Turnover

For the Household & Personal Products subindustry, Bangkok Lab and Cosmetic 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.


Bangkok Lab and Cosmetic PCL's Asset Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bangkok Lab and Cosmetic PCL's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Bangkok Lab and Cosmetic PCL's Asset Turnover falls into.



Bangkok Lab and Cosmetic PCL Asset Turnover Calculation

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

Bangkok Lab and Cosmetic PCL'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 )
=1406.184/( (1212.623+2240.253)/ 2 )
=1406.184/1726.438
=0.81

Bangkok Lab and Cosmetic PCL's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=365.113/( (2240.253+2212.335)/ 2 )
=365.113/2226.294
=0.16

* 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.


Bangkok Lab and Cosmetic PCL  (BKK:BLC) Asset Turnover Explanation

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

Bangkok Lab and Cosmetic PCL's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=159.132/1595.4875
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(159.132 / 1460.452)*(1460.452 / 2226.294)*(2226.294/ 1595.4875)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.9 %*0.656*1.3954
=ROA %*Equity Multiplier
=7.15 %*1.3954
=9.97 %

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

Bangkok Lab and Cosmetic PCL's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=159.132/2226.294
=(Net Income / Revenue)*(Revenue / Total Assets)
=(159.132 / 1460.452)*(1460.452 / 2226.294)
=Net Margin %*Asset Turnover
=10.9 %*0.656
=7.15 %

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


Bangkok Lab and Cosmetic PCL Asset Turnover Related Terms

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Bangkok Lab and Cosmetic PCL (BKK:BLC) Business Description

Traded in Other Exchanges
N/A
Address
Nong Chae Sao Road, No. 48/1 Moo 5, Nam Phu, Mueang Ratchaburi, Ratchaburi, Bangkok, THA, 70000
Bangkok Lab and Cosmetic PCL are one of Thailand's comprehensive healthcare solutions groups. Its operation covers the complete value chain of the healthcare business. Its product portfolio comprises generic and new generic drugs, herbal medicines, animal medicines, cosmetics, food supplements, and other health products. Its operation ranges from research and development, manufacturing with international standards, sales, and marketing, to distribution to partnering businesses and customers.

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