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COSG (Cosmos Group Holdings) Asset Turnover : 0.00 (As of Sep. 2024)


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What is Cosmos Group Holdings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Cosmos Group Holdings's Revenue for the three months ended in Sep. 2024 was $0.02 Mil. Cosmos Group Holdings's Total Assets for the quarter that ended in Sep. 2024 was $33.68 Mil. Therefore, Cosmos Group Holdings's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Cosmos Group Holdings's annualized ROE % for the quarter that ended in Sep. 2024 was 7.63%. It is also linked to ROA % through Du Pont Formula. Cosmos Group Holdings's annualized ROA % for the quarter that ended in Sep. 2024 was -11.40%.


Cosmos Group Holdings Asset Turnover Historical Data

The historical data trend for Cosmos Group Holdings'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.

Cosmos Group Holdings Asset Turnover Chart

Cosmos Group Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 4.17 0.46 0.30 0.34 0.01

Cosmos Group Holdings 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 - -0.01 - - -

Competitive Comparison of Cosmos Group Holdings's Asset Turnover

For the Credit Services subindustry, Cosmos Group Holdings'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.


Cosmos Group Holdings's Asset Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Cosmos Group Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Cosmos Group Holdings's Asset Turnover falls into.



Cosmos Group Holdings Asset Turnover Calculation

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

Cosmos Group Holdings'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 )
=0.355/( (39.11+18.655)/ 2 )
=0.355/28.8825
=0.01

Cosmos Group Holdings'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 )
=0.019/( (34.046+33.32)/ 2 )
=0.019/33.683
=0.00

* 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.


Cosmos Group Holdings  (OTCPK:COSG) Asset Turnover Explanation

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

Cosmos Group Holdings's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=-3.84/-50.314
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3.84 / 0.076)*(0.076 / 33.683)*(33.683/ -50.314)
=Net Margin %*Asset Turnover*Equity Multiplier
=-5052.63 %*0.0023*-0.6695
=ROA %*Equity Multiplier
=-11.40 %*-0.6695
=7.63 %

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:

Cosmos Group Holdings's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=-3.84/33.683
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-3.84 / 0.076)*(0.076 / 33.683)
=Net Margin %*Asset Turnover
=-5052.63 %*0.0023
=-11.40 %

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.


Cosmos Group Holdings Asset Turnover Related Terms

Thank you for viewing the detailed overview of Cosmos Group Holdings's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Cosmos Group Holdings Business Description

Traded in Other Exchanges
N/A
Address
50 Raffles Place, 37th Floor, Singapore Land Tower, Wanchai, Singapore, SGP, 048623
Cosmos Group Holdings Inc is an investment holding company. The company's segment includes (i) the physical arts and collectibles business, and (ii) the financing/money lending business. It generates maximum revenue from the money lending segment. The Lending Segment mainly provides financing and lending services. Arts and Collectibles Technology (ACT) Segment, mainly operates an online platform to sell and distribute the arts and collectibles to end-users, with the use of blockchain technologies and minting tokens. Geographically, it derives a majority of its revenue from Hong Kong.
Executives
Lee Ying Chiu Herbert director 15/F., SIU ON CENTRE, 188 LOCKHART ROAD, WANCHAI K3 0000
Man Chung Chan director, 10 percent owner, officer: CEO, CFO and Secretary ROOM 2404, KING YAN HOUSE, KING NGA COURT, TAIPO K3 00000
Soo Tee Tan director LEVEL 7, K11 ATELIER VICTORIA DOCKSIDE, 18 SALISBURY ROAD, TSIM SHA TSUI K3 00000
Koon Wing Cheung 10 percent owner ROOMS 1309-11, 13TH FLOOR, TAI YAU BLDG., NO. 181 JOHNSTON ROAD, WANCHAI K3 00000
Yip Tze Wai Albert other: Chief Financial Officer ROOM 10, 22/F., BLOCK G (F9-16), KORNHILL, QUARRY BAY K3 999077
Wan Miky Y.c. director, officer: President, Interim CFO ROOMS 1309-11, 13TH FLOOR, TAI YAU BLDG., NO. 181 JOHNSTON ROAD, WANCHAI K3 00000
So Wing Lok Jonathan officer: Chief Strategy Officer HOUSE 1, REGENTS PARK, 326 KUNG UM ROAD, YUEN LONG, NEW TERRITORIES K3 999077
Kai Chi Wong officer: Chief Operating Officer FLAT D, 21/F, TOWER 6, THE WINGS, 9 TONG YIN STREET, TSEUNG KWAN O, NEW TERRITORIES K3 00000
Chio Meng Leung director ROOMS 1705-6, 17TH FL., TAI YAU BLDG, #181, JOHNSTON ROAD, WANCHAI K3 00000
Ho Kwai Yau Tony director ROOMS 1309-11, 13TH FLOOR, TAI YAU BLDG., NO. 181 JOHNSTON ROAD, KUALA LUMPUR N8 00000
Huan Ting Peng officer: Chief Operation Officer ROOMS 1309-11, 13TH FLOOR, TAI YAU BLDG., NO. 181 JOHNSTON ROAD, KUALA LUMPUR N8 00000
Kwok Connie Y.m. director, officer: Secretary ROOMS 1309-11, 13TH FLOOR, TAI YAU BLDG., NO. 181 JOHNSTON ROAD, WANCHAI K3 00000
Weiming Chen director ROOMS 1309-11, 13TH FLOOR, TAI YAU BLDG., NO. 181 JOHNSTON ROAD, WANCHAI K3 00000
Zhigang Liao director ROOMS 1309-11, 13TH FLOOR, TAI YAU BLDG., NO. 181 JOHNSTON ROAD, WANCHAI K3 00000
Yongwei Hu director, officer: Chief Operation Officer ROOMS 1309-11, 13TH FLOOR, TAI YAU BLDG., NO. 181 JOHNSTON ROAD, WANCHAI K3 00000

Cosmos Group Holdings Headlines

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