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Ornsirin Holding PCL (BKK:ORN) Asset Turnover : 0.12 (As of Dec. 2024)


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What is Ornsirin Holding 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. Ornsirin Holding PCL's Revenue for the three months ended in Dec. 2024 was ฿544 Mil. Ornsirin Holding PCL's Total Assets for the quarter that ended in Dec. 2024 was ฿4,684 Mil. Therefore, Ornsirin Holding PCL's Asset Turnover for the quarter that ended in Dec. 2024 was 0.12.

Asset Turnover is linked to ROE % through Du Pont Formula. Ornsirin Holding PCL's annualized ROE % for the quarter that ended in Dec. 2024 was 12.55%. It is also linked to ROA % through Du Pont Formula. Ornsirin Holding PCL's annualized ROA % for the quarter that ended in Dec. 2024 was 6.47%.


Ornsirin Holding PCL Asset Turnover Historical Data

The historical data trend for Ornsirin Holding 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.

Ornsirin Holding PCL Asset Turnover Chart

Ornsirin Holding PCL Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Asset Turnover
0.23 0.48 0.30 0.31

Ornsirin Holding PCL Quarterly Data
Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.05 0.05 0.04 0.10 0.12

Competitive Comparison of Ornsirin Holding PCL's Asset Turnover

For the Real Estate - Development subindustry, Ornsirin Holding 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.


Ornsirin Holding PCL's Asset Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where Ornsirin Holding PCL's Asset Turnover falls into.


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Ornsirin Holding PCL Asset Turnover Calculation

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

Ornsirin Holding PCL's Asset Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2024 )/( (Total Assets (A: Dec. 2023 )+Total Assets (A: Dec. 2024 ))/ count )
=1362.646/( (3966.212+4818.409)/ 2 )
=1362.646/4392.3105
=0.31

Ornsirin Holding PCL's Asset Turnover for the quarter that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=544.177/( (4550.284+4818.409)/ 2 )
=544.177/4684.3465
=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.


Ornsirin Holding PCL  (BKK:ORN) Asset Turnover Explanation

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

Ornsirin Holding PCL's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=303.264/2416.3375
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(303.264 / 2176.708)*(2176.708 / 4684.3465)*(4684.3465/ 2416.3375)
=Net Margin %*Asset Turnover*Equity Multiplier
=13.93 %*0.4647*1.9386
=ROA %*Equity Multiplier
=6.47 %*1.9386
=12.55 %

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

Ornsirin Holding PCL's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=303.264/4684.3465
=(Net Income / Revenue)*(Revenue / Total Assets)
=(303.264 / 2176.708)*(2176.708 / 4684.3465)
=Net Margin %*Asset Turnover
=13.93 %*0.4647
=6.47 %

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


Ornsirin Holding PCL Asset Turnover Related Terms

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Ornsirin Holding PCL Business Description

Traded in Other Exchanges
N/A
Address
79 Village No. 8, Sunpuloei Sub-district, Doi Saket District, Chiang Mai, THA, 50220
Ornsirin Holding PCL is a Thailand-based holding company. The Company is engaged in the business of real estate development for sale and for lease. The Company is into the business of investment and management services. The Company's projects are located in Chiang Mai. Its project categories includes single houses, condos, townhomes, and shophouses.