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Grand Hotel Bucharest (BSE:RCHI) Asset Turnover : 0.19 (As of Dec. 2023)


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What is Grand Hotel Bucharest Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Grand Hotel Bucharest's Revenue for the six months ended in Dec. 2023 was lei1.44 Mil. Grand Hotel Bucharest's Total Assets for the quarter that ended in Dec. 2023 was lei7.67 Mil. Therefore, Grand Hotel Bucharest's Asset Turnover for the quarter that ended in Dec. 2023 was 0.19.

Asset Turnover is linked to ROE % through Du Pont Formula. Grand Hotel Bucharest's annualized ROE % for the quarter that ended in Dec. 2023 was 5.87%. It is also linked to ROA % through Du Pont Formula. Grand Hotel Bucharest's annualized ROA % for the quarter that ended in Dec. 2023 was 5.45%.


Grand Hotel Bucharest Asset Turnover Historical Data

The historical data trend for Grand Hotel Bucharest'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.

Grand Hotel Bucharest Asset Turnover Chart

Grand Hotel Bucharest Annual Data
Trend Dec21 Dec22 Dec23
Asset Turnover
0.16 0.24 0.19

Grand Hotel Bucharest Semi-Annual Data
Dec21 Dec22 Dec23
Asset Turnover 0.16 0.24 0.19

Competitive Comparison of Grand Hotel Bucharest's Asset Turnover

For the Lodging subindustry, Grand Hotel Bucharest'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.


Grand Hotel Bucharest's Asset Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Grand Hotel Bucharest's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Grand Hotel Bucharest's Asset Turnover falls into.


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Grand Hotel Bucharest Asset Turnover Calculation

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

Grand Hotel Bucharest'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 )
=1.442/( (9.043+6.296)/ 2 )
=1.442/7.6695
=0.19

Grand Hotel Bucharest'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: Dec. 2022 )+Total Assets (Q: Dec. 2023 ))/ count )
=1.442/( (9.043+6.296)/ 2 )
=1.442/7.6695
=0.19

* 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.


Grand Hotel Bucharest  (BSE:RCHI) Asset Turnover Explanation

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

Grand Hotel Bucharest's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=0.418/7.115
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(0.418 / 2.884)*(2.884 / 7.6695)*(7.6695/ 7.115)
=Net Margin %*Asset Turnover*Equity Multiplier
=14.49 %*0.376*1.0779
=ROA %*Equity Multiplier
=5.45 %*1.0779
=5.87 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (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:

Grand Hotel Bucharest's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=0.418/7.6695
=(Net Income / Revenue)*(Revenue / Total Assets)
=(0.418 / 2.884)*(2.884 / 7.6695)
=Net Margin %*Asset Turnover
=14.49 %*0.376
=5.45 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (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.


Grand Hotel Bucharest Asset Turnover Related Terms

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Grand Hotel Bucharest Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
4 Nicolae Balcescu Boulevard, Bucharest, ROU, 01005
Grand Hotel Bucharest SA is a iconic luxury hotels in Romania. It offers various services such as Restaurant & Bar, Spa & Wellness, Meeting Room and Fitness Room.

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