CBGH (China Yibai United Guarantee International Holding) Asset Turnover: 0.60 (As of Jun. 2004)


What is China Yibai United Guarantee International Holding Asset Turnover?

China Yibai United Guarantee International Holding CBGH Asset Turnover is 0.60 as of Jun. 2004.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. China Yibai United Guarantee International Holding's Revenue for the three months ended in Jun. 2004 was $2.29 Mil. China Yibai United Guarantee International Holding's Total Assets for the quarter that ended in Jun. 2004 was $3.79 Mil. Therefore, China Yibai United Guarantee International Holding's Asset Turnover for the quarter that ended in Jun. 2004 was 0.60.

Asset Turnover is linked to ROE % through Du Pont Formula. China Yibai United Guarantee International Holding's annualized ROE % for the quarter that ended in Jun. 2004 was -12.01%. It is also linked to ROA % through Du Pont Formula. China Yibai United Guarantee International Holding's annualized ROA % for the quarter that ended in Jun. 2004 was -1.58%.

China Yibai United Guarantee International Holding  (OTCPK:CBGH) Asset Turnover Explanation

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

China Yibai United Guarantee International Holding's annulized ROE % for the quarter that ended in Jun. 2004 is

ROE %**(Q: Jun. 2004 )
=Net Income/Total Stockholders Equity
=-0.06/0.4995
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.06 / 9.14)*(9.14 / 3.7915)*(3.7915/ 0.4995)
=Net Margin %*Asset Turnover*Equity Multiplier
=-0.66 %*2.4107*7.5906
=ROA %*Equity Multiplier
=-1.58 %*7.5906
=-12.01 %

Note: The Net Income data used here is four times the quarterly (Jun. 2004) net income data. The Revenue data used here is four times the quarterly (Jun. 2004) 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:

China Yibai United Guarantee International Holding's annulized ROA % for the quarter that ended in Jun. 2004 is

ROA %(Q: Jun. 2004 )
=Net Income/Total Assets
=-0.06/3.7915
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.06 / 9.14)*(9.14 / 3.7915)
=Net Margin %*Asset Turnover
=-0.66 %*2.4107
=-1.58 %

Note: The Net Income data used here is four times the quarterly (Jun. 2004) net income data. The Revenue data used here is four times the quarterly (Jun. 2004) 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.

China Yibai United Guarantee International Holding Asset Turnover Related Terms

China Yibai United Guarantee International Holding Asset Turnover Historical Data

* Premium members only.

The historical data trend for China Yibai United Guarantee International Holding'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.

China Yibai United Guarantee International Holding Asset Turnover Chart

China Yibai United Guarantee International Holding Annual Data
Trend Sep01 Sep02 Sep03
Asset Turnover
2.12 2.01 2.10

China Yibai United Guarantee International Holding Quarterly Data
Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04
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 0.56 0.60 0.59 0.55 0.60

CBGH vs MRIN, IDAI, BLBX: Asset Turnover Comparison

For the Software - Application subindustry, China Yibai United Guarantee International Holding'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.

China Yibai United Guarantee International Holding Asset Turnover vs Software Industry

For the Software industry and Technology sector, China Yibai United Guarantee International Holding's Asset Turnover distribution charts can be found below:

* The bar in red indicates where China Yibai United Guarantee International Holding's Asset Turnover falls into.


China Yibai United Guarantee International Holding Asset Turnover Calculation

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

China Yibai United Guarantee International Holding's Asset Turnover for the fiscal year that ended in Sep. 2003 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Sep. 2003 )/( (Total Assets (A: Sep. 2002 )+Total Assets (A: Sep. 2003 ))/ count )
=7.999/( (3.694+3.909)/ 2 )
=7.999/3.8015
=2.10

China Yibai United Guarantee International Holding's Asset Turnover for the quarter that ended in Jun. 2004 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2004 )/( (Total Assets (Q: Mar. 2004 )+Total Assets (Q: Jun. 2004 ))/ count )
=2.285/( (3.745+3.838)/ 2 )
=2.285/3.7915
=0.60

* 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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.60 mean?
China Yibai United Guarantee International Holding (CBGH) has a Asset Turnover of 0.60 as of Jun. 2004. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on China Yibai United Guarantee International Holding and its competitors.
Is China Yibai United Guarantee International Holding's Asset Turnover too high?
China Yibai United Guarantee International Holding's current Asset Turnover is 0.60.
How does China Yibai United Guarantee International Holding's Asset Turnover compare to MRIN and IDAI?
China Yibai United Guarantee International Holding's Asset Turnover of 0.60 can be compared against companies in the Software 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 a Software company?
A good Asset Turnover depends on the Software 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 China Yibai United Guarantee International Holding and its competitors. China Yibai United Guarantee International Holding's current Asset Turnover is 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Yibai United Guarantee International Holding stock overvalued right now?
China Yibai United Guarantee International Holding (CBGH) has a current Asset Turnover of 0.60. The current Asset Turnover is 0.60. 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 China Yibai United Guarantee International Holding (CBGH), the current Asset Turnover is 0.60 as of Jun. 2004. 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.

China Yibai United Guarantee International Holding Business Description

Address 106 - 7550 Birchmount Road, Markham, ON, CAN, L3R 6C6
China Yibai United Guarantee International Holding Inc through its subsidiary, provides mobile device users with on-demand cleaning and other home maintenance services for residential and commercial use through its TidyCall App. The platform includes two versions: TidyCall User for consumers using commercial cleaning services (CSUs) and TidyCall Provider for approved cleaning service providers (CSPs). TidyCall enables interaction between CSUs and CSPs through its on-demand interface, supported by a Two-Way Review/Rating System that allows both parties to rate and review each service discreetly, promoting productivity and service quality. It also uses Geo-Fencing technology to collect real-time geographic information of CSPs and CSUs during service requests, enhancing user safety.