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Dah Chong Hong Holdings (Dah Chong Hong Holdings) Asset Turnover : 0.82 (As of Jun. 2019)


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What is Dah Chong Hong 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. Dah Chong Hong Holdings's Revenue for the six months ended in Jun. 2019 was $3,044 Mil. Dah Chong Hong Holdings's Total Assets for the quarter that ended in Jun. 2019 was $3,721 Mil. Therefore, Dah Chong Hong Holdings's Asset Turnover for the quarter that ended in Jun. 2019 was 0.82.

Asset Turnover is linked to ROE % through Du Pont Formula. Dah Chong Hong Holdings's annualized ROE % for the quarter that ended in Jun. 2019 was 3.75%. It is also linked to ROA % through Du Pont Formula. Dah Chong Hong Holdings's annualized ROA % for the quarter that ended in Jun. 2019 was 1.29%.


Dah Chong Hong Holdings Asset Turnover Historical Data

The historical data trend for Dah Chong Hong 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.

Dah Chong Hong Holdings Asset Turnover Chart

Dah Chong Hong Holdings Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.05 2.00 1.99 1.94 1.87

Dah Chong Hong Holdings Semi-Annual Data
Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19
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 0.92 1.06 0.90 0.98 0.82

Competitive Comparison of Dah Chong Hong Holdings's Asset Turnover

For the Auto & Truck Dealerships subindustry, Dah Chong Hong 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.


Dah Chong Hong Holdings's Asset Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Dah Chong Hong Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Dah Chong Hong Holdings's Asset Turnover falls into.



Dah Chong Hong Holdings Asset Turnover Calculation

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

Dah Chong Hong Holdings's Asset Turnover for the fiscal year that ended in Dec. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2018 )/( (Total Assets (A: Dec. 2017 )+Total Assets (A: Dec. 2018 ))/ count )
=6506.637/( (3487.994+3486.585)/ 2 )
=6506.637/3487.2895
=1.87

Dah Chong Hong Holdings's Asset Turnover for the quarter that ended in Jun. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2019 )/( (Total Assets (Q: Dec. 2018 )+Total Assets (Q: Jun. 2019 ))/ count )
=3043.828/( (3486.585+3955.405)/ 2 )
=3043.828/3720.995
=0.82

* 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.


Dah Chong Hong Holdings  (OTCPK:DAHCY) Asset Turnover Explanation

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

Dah Chong Hong Holdings's annulized ROE % for the quarter that ended in Jun. 2019 is

ROE %**(Q: Jun. 2019 )
=Net Income/Total Stockholders Equity
=48.044/1280.2635
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(48.044 / 6087.656)*(6087.656 / 3720.995)*(3720.995/ 1280.2635)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.79 %*1.636*2.9064
=ROA %*Equity Multiplier
=1.29 %*2.9064
=3.75 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2019) net income data. The Revenue data used here is two times the semi-annual (Jun. 2019) 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:

Dah Chong Hong Holdings's annulized ROA % for the quarter that ended in Jun. 2019 is

ROA %(Q: Jun. 2019 )
=Net Income/Total Assets
=48.044/3720.995
=(Net Income / Revenue)*(Revenue / Total Assets)
=(48.044 / 6087.656)*(6087.656 / 3720.995)
=Net Margin %*Asset Turnover
=0.79 %*1.636
=1.29 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2019) net income data. The Revenue data used here is two times the semi-annual (Jun. 2019) 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.


Dah Chong Hong Holdings Asset Turnover Related Terms

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Dah Chong Hong Holdings (Dah Chong Hong Holdings) Business Description

Traded in Other Exchanges
N/A
Address
20 Kai Cheung Road, 8th Floor, DCH Building, Kowloon Bay, HKG
Dah Chong Hong Holdings Ltd (DCH) is a business conglomerate that operates in the consumer market of Greater China, Singapore and Japan. DCH operates a diversified portfolio of business including motor and motor-related business, as well as food and consumer products business with its logistics services activities. DCH's majority of the revenue is earned from the motor and motor related business that includes distribution and dealership of motor vehicle, and it's other motor related business includes an operation of independent service outlets, trading of equipment parts & used car, motor leasing, and selling of yachts. It also operates other small business including property, advertising, insurance and other investments.

Dah Chong Hong Holdings (Dah Chong Hong Holdings) Headlines

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