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Avance Gas Holding (CHIX:AGASO) Asset Turnover : 0.06 (As of Sep. 2024)


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What is Avance Gas Holding Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Avance Gas Holding's Revenue for the three months ended in Sep. 2024 was kr665 Mil. Avance Gas Holding's Total Assets for the quarter that ended in Sep. 2024 was kr11,353 Mil. Therefore, Avance Gas Holding's Asset Turnover for the quarter that ended in Sep. 2024 was 0.06.

Asset Turnover is linked to ROE % through Du Pont Formula. Avance Gas Holding's annualized ROE % for the quarter that ended in Sep. 2024 was 18.38%. It is also linked to ROA % through Du Pont Formula. Avance Gas Holding's annualized ROA % for the quarter that ended in Sep. 2024 was 9.65%.


Avance Gas Holding Asset Turnover Historical Data

The historical data trend for Avance Gas 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.

* Premium members only.

Avance Gas Holding Asset Turnover Chart

Avance Gas Holding Annual Data
Trend Nov13 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.29 0.23 0.23 0.26 0.33

Avance Gas Holding Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.07 0.10 0.10 0.06 0.06

Competitive Comparison of Avance Gas Holding's Asset Turnover

For the Oil & Gas Midstream subindustry, Avance Gas 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.


Avance Gas Holding's Asset Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Avance Gas Holding's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Avance Gas Holding's Asset Turnover falls into.



Avance Gas Holding Asset Turnover Calculation

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

Avance Gas Holding'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 )
=3716.659/( (10550.662+12169.63)/ 2 )
=3716.659/11360.146
=0.33

Avance Gas Holding's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=664.869/( (11894.29+10811.98)/ 2 )
=664.869/11353.135
=0.06

* 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.


Avance Gas Holding  (CHIX:AGASo) Asset Turnover Explanation

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

Avance Gas Holding's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=1095.868/5960.941
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1095.868 / 2659.476)*(2659.476 / 11353.135)*(11353.135/ 5960.941)
=Net Margin %*Asset Turnover*Equity Multiplier
=41.21 %*0.2343*1.9046
=ROA %*Equity Multiplier
=9.65 %*1.9046
=18.38 %

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

Avance Gas Holding's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=1095.868/11353.135
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1095.868 / 2659.476)*(2659.476 / 11353.135)
=Net Margin %*Asset Turnover
=41.21 %*0.2343
=9.65 %

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


Avance Gas Holding Asset Turnover Related Terms

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Avance Gas Holding Business Description

Address
14 Par-la-Ville Road, 4th floor, PO Box HM 1593, Par-la-Ville Place, Hamilton, BMU, HM 08
Avance Gas Holding Ltd is engaged in the transportation of liquefied petroleum gas (LPG). It owns and operates very large gas carriers (VLGCs) providing transportation services to oil majors and traders of LPG. It operates a fleet of vessels providing customers with transportation services through the combination of the contract of affreightments and spot market voyages. The company transports liquefied petroleum to destinations in Europe, South America, India, and Asia, mainly loading the Middle East Gulf and the United States Gulf/United States East Coast. The company operates in a single segment which is liquefied petroleum gas.

Avance Gas Holding Headlines

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