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Eastern Polymer Group PCL (BKK:EPG) Asset Turnover : 0.18 (As of Mar. 2024)


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What is Eastern Polymer Group 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. Eastern Polymer Group PCL's Revenue for the three months ended in Mar. 2024 was ฿3,526 Mil. Eastern Polymer Group PCL's Total Assets for the quarter that ended in Mar. 2024 was ฿19,541 Mil. Therefore, Eastern Polymer Group PCL's Asset Turnover for the quarter that ended in Mar. 2024 was 0.18.

Asset Turnover is linked to ROE % through Du Pont Formula. Eastern Polymer Group PCL's annualized ROE % for the quarter that ended in Mar. 2024 was 38.12%. It is also linked to ROA % through Du Pont Formula. Eastern Polymer Group PCL's annualized ROA % for the quarter that ended in Mar. 2024 was 23.99%.


Eastern Polymer Group PCL Asset Turnover Historical Data

The historical data trend for Eastern Polymer Group 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.

Eastern Polymer Group PCL Asset Turnover Chart

Eastern Polymer Group PCL Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 0.65 0.74 0.70 0.69

Eastern Polymer Group PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.16 0.16 0.17 0.18 0.18

Competitive Comparison of Eastern Polymer Group PCL's Asset Turnover

For the Specialty Chemicals subindustry, Eastern Polymer Group 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.


Eastern Polymer Group PCL's Asset Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Eastern Polymer Group PCL's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Eastern Polymer Group PCL's Asset Turnover falls into.



Eastern Polymer Group PCL Asset Turnover Calculation

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

Eastern Polymer Group PCL's Asset Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2024 )/( (Total Assets (A: Mar. 2023 )+Total Assets (A: Mar. 2024 ))/ count )
=13227.103/( (18543.246+19800.67)/ 2 )
=13227.103/19171.958
=0.69

Eastern Polymer Group 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 )
=3525.994/( (19282.256+19800.67)/ 2 )
=3525.994/19541.463
=0.18

* 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.


Eastern Polymer Group PCL  (BKK:EPG) Asset Turnover Explanation

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

Eastern Polymer Group PCL's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=4688.212/12299.1485
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(4688.212 / 14103.976)*(14103.976 / 19541.463)*(19541.463/ 12299.1485)
=Net Margin %*Asset Turnover*Equity Multiplier
=33.24 %*0.7217*1.5888
=ROA %*Equity Multiplier
=23.99 %*1.5888
=38.12 %

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:

Eastern Polymer Group PCL's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=4688.212/19541.463
=(Net Income / Revenue)*(Revenue / Total Assets)
=(4688.212 / 14103.976)*(14103.976 / 19541.463)
=Net Margin %*Asset Turnover
=33.24 %*0.7217
=23.99 %

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.


Eastern Polymer Group PCL Asset Turnover Related Terms

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Eastern Polymer Group PCL (BKK:EPG) Business Description

Traded in Other Exchanges
N/A
Address
770 Moo 6, Theparak Road, Theparak Subdistrict, Muang Samutprakarn, Samut Prakarn, Bangkok, THA, 10270
Eastern Polymer Group PCL operates companies that manufacture and distributes rubber pipes, synthetic rubber, plastic sheets, aero ducts, insulation tapes, rubber seals, and other products internationally. Operations are divided into four divisions: Rubber insulation, Automotive plastics, Packaging plastics, and Others. The company also engages in the import and export of machinery and chemicals, and the assembly and distribution of molded plastic parts. The majority of the company's activities are conducted in Thailand. Research, development, and testing laboratories are pivotal to the company's continued development of rubber and plastic products that can meet a host of regulations and requirements.

Eastern Polymer Group PCL (BKK:EPG) Headlines

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