Tanzania Cigarette (DAR:TCC) Asset Turnover : 0.00 (As of . 20)

View and export this data going back to 1990. Start your Free Trial

What is Tanzania Cigarette Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Tanzania Cigarette's Revenue for the six months ended in . 20 was TZS Mil. Tanzania Cigarette's Total Assets for the quarter that ended in . 20 was TZS Mil. Therefore, Tanzania Cigarette's Asset Turnover for the quarter that ended in . 20 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Tanzania Cigarette's annualized ROE % for the quarter that ended in . 20 was %. It is also linked to ROA % through Du Pont Formula. Tanzania Cigarette's annualized ROA % for the quarter that ended in . 20 was %.

Tanzania Cigarette Asset Turnover Historical Data

The historical data trend for Tanzania Cigarette'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.

Tanzania Cigarette Asset Turnover Chart

Tanzania Cigarette Annual Data

Trend

Asset Turnover

Tanzania Cigarette Semi-Annual Data

Asset Turnover

Competitive Comparison of Tanzania Cigarette's Asset Turnover

For the Tobacco subindustry, Tanzania Cigarette'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.

Tanzania Cigarette's Asset Turnover Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Tanzania Cigarette's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Tanzania Cigarette's Asset Turnover falls into.

Tanzania Cigarette Asset Turnover Calculation

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

Tanzania Cigarette's Asset Turnover for the fiscal year that ended in . 20 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: . 20 )	/	( (Total Assets (A: . 20 )	+	Total Assets (A: . 20 ))	/ count )
=		/	( (	+	)	/ )
=		/
=

Tanzania Cigarette's Asset Turnover for the quarter that ended in . 20 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: . 20 )	/	( (Total Assets (Q: . 20 )	+	Total Assets (Q: . 20 ))	/ count )
=		/	( (	+	)	/ )
=		/
=

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.

Tanzania Cigarette (DAR:TCC) Asset Turnover Explanation

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

Tanzania Cigarette's annulized ROE % for the quarter that ended in . 20 is

	ROE %^**		(Q: . 20 )
=	Net Income	/	Total Stockholders Equity
=		/
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	( / )	*	( / )	*	(/ )
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	%	*		*
=	ROA %	*	Equity Multiplier
=	%	*
=	%

Note: The Net Income data used here is two times the semi-annual (. 20) net income data. The Revenue data used here is two times the semi-annual (. 20) revenue data.

^** 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:

Tanzania Cigarette's annulized ROA % for the quarter that ended in . 20 is

	ROA %		(Q: . 20 )
=	Net Income	/	Total Assets
=		/
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	( / )	*	( / )
=	Net Margin %	*	Asset Turnover
=	%	*
=	%

Note: The Net Income data used here is two times the semi-annual (. 20) net income data. The Revenue data used here is two times the semi-annual (. 20) revenue data.

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.

Tanzania Cigarette Asset Turnover Related Terms

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

Tanzania Cigarette (DAR:TCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Tanzania Cigarette PLC (DAR:TCC) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Nyerere Road, P.O. Box 40114, Dar es Salaam, TZA

Website

https://www.jti.com

Tanzania Cigarette PLC manufactures, distributes, and sells cigarettes. Geographically the activities are carried out throughout Tanzania.

Tanzania Cigarette (DAR:TCC) Headlines

No Headlines