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Asiri Surgical Hospital (COL:AMSL.N0000) Asset Turnover : 0.12 (As of Jun. 2024)


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What is Asiri Surgical Hospital Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Asiri Surgical Hospital's Revenue for the three months ended in Jun. 2024 was රු1,698 Mil. Asiri Surgical Hospital's Total Assets for the quarter that ended in Jun. 2024 was රු13,939 Mil. Therefore, Asiri Surgical Hospital's Asset Turnover for the quarter that ended in Jun. 2024 was 0.12.

Asset Turnover is linked to ROE % through Du Pont Formula. Asiri Surgical Hospital's annualized ROE % for the quarter that ended in Jun. 2024 was 9.00%. It is also linked to ROA % through Du Pont Formula. Asiri Surgical Hospital's annualized ROA % for the quarter that ended in Jun. 2024 was 4.39%.


Asiri Surgical Hospital Asset Turnover Historical Data

The historical data trend for Asiri Surgical Hospital'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.

Asiri Surgical Hospital Asset Turnover Chart

Asiri Surgical Hospital Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.53 0.51 0.61 0.47 0.49

Asiri Surgical Hospital Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.13 0.13 0.12 0.12 0.12

Competitive Comparison of Asiri Surgical Hospital's Asset Turnover

For the Medical Care Facilities subindustry, Asiri Surgical Hospital'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.


Asiri Surgical Hospital's Asset Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Asiri Surgical Hospital's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Asiri Surgical Hospital's Asset Turnover falls into.



Asiri Surgical Hospital Asset Turnover Calculation

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

Asiri Surgical Hospital's Asset Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2024 )/( (Total Assets (A: Mar. 2023 )+Total Assets (A: Mar. 2024 ))/ count )
=6619.745/( (13250.182+13668.721)/ 2 )
=6619.745/13459.4515
=0.49

Asiri Surgical Hospital's Asset Turnover for the quarter that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Jun. 2024 ))/ count )
=1697.723/( (13668.721+14208.978)/ 2 )
=1697.723/13938.8495
=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.


Asiri Surgical Hospital  (COL:AMSL.N0000) Asset Turnover Explanation

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

Asiri Surgical Hospital's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=611.416/6794.6325
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(611.416 / 6790.892)*(6790.892 / 13938.8495)*(13938.8495/ 6794.6325)
=Net Margin %*Asset Turnover*Equity Multiplier
=9 %*0.4872*2.0515
=ROA %*Equity Multiplier
=4.39 %*2.0515
=9.00 %

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

Asiri Surgical Hospital's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=611.416/13938.8495
=(Net Income / Revenue)*(Revenue / Total Assets)
=(611.416 / 6790.892)*(6790.892 / 13938.8495)
=Net Margin %*Asset Turnover
=9 %*0.4872
=4.39 %

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


Asiri Surgical Hospital Asset Turnover Related Terms

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Asiri Surgical Hospital Business Description

Traded in Other Exchanges
N/A
Address
Kirimandala Mawatha, No. 21, Colombo, LKA, 05
Asiri Surgical Hospital PLC is engaged in operating a two-tier hospital and provides healthcare services. The business of the company operates in segments that include Pre-care, Post-care, and Pharmaceutical segment. The pre-care includes OPD revenue, channeling revenue, and OPD lab investigation services, post-care which includes all IPD revenue including inpatient drugs and lab investigation, and pharmaceutical which includes OPD pharmacy revenue. The company generates maximum revenue from post care segment. Geographically the company provides its services to the Sri Lankan market.

Asiri Surgical Hospital Headlines

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