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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Grupo Bolivar's Revenue for the
three
months ended in Mar. 2024 was COP4,733,558 Mil. Grupo Bolivar's Total Assets for the quarter that ended in Mar. 2024 was COP201,962,467 Mil. Therefore, Grupo Bolivar's Asset Turnover for the quarter that ended in Mar. 2024 was 0.02.
Asset Turnover is linked to ROE % through Du Pont Formula. Grupo Bolivar's annualizedROE % for the quarter that ended in Mar. 2024 was -9.77%. It is also linked to ROA % through Du Pont Formula. Grupo Bolivar's annualizedROA % for the quarter that ended in Mar. 2024 was -0.59%.
Grupo Bolivar (BOG:GRUBOLIVAR) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Grupo Bolivar's annulizedROE % for the quarter that ended in Mar. 2024 is
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:
Grupo Bolivar's annulizedROA % for the quarter that ended in Mar. 2024 is
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.
Grupo Bolivar Asset Turnover Related Terms
Grupo Bolivar Asset Turnover Historical Data
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The historical data trend for Grupo Bolivar'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.
BOG:GRUBOLIVAR vs BLK, BX, KKR: Asset Turnover Comparison
For the Asset Management subindustry, Grupo Bolivar'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.
Grupo Bolivar Asset Turnover vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Grupo Bolivar's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Grupo Bolivar's Asset Turnover falls into.
* 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.
Grupo Bolivar (BOG:GRUBOLIVAR) has a Asset Turnover of 0.02 as of Mar. 2024. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Grupo Bolivar and its competitors.
Is Grupo Bolivar's Asset Turnover too high?
Grupo Bolivar's current Asset Turnover is 0.02. Overall, Grupo Bolivar has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Grupo Bolivar's Asset Turnover compare to BLK and BX?
Grupo Bolivar's Asset Turnover of 0.02 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for an Asset Management company?
A good Asset Turnover depends on the Asset Management industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Grupo Bolivar and its competitors. Grupo Bolivar's current Asset Turnover is 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupo Bolivar stock overvalued right now?
Grupo Bolivar (BOG:GRUBOLIVAR) has a current Asset Turnover of 0.02. The current Asset Turnover is 0.02. Grupo Bolivar's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Grupo Bolivar (BOG:GRUBOLIVAR), the current Asset Turnover is 0.02 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Grupo Bolivar SA purpose is the investment of its funds or cash in movable and immovable property for rental and appreciation purposes and, in particular, the formation, administration and management of its own investment portfolio, consisting of shares, equity interests and interest in commercial or civil companies, participation or investment certificates, bonds issued by public or private entities and other securities with credit content or participation freely circulating in the market, bonds or other debt documents; trademarks, patents or other forms of industrial property. The group segment consists of Davivienda Bank, Bolivar Insurance, Construction and Hotel Services, and Other Activities.
12GF Score
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