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Bangladesh Submarine Cables (DHA:BSCPLC) Asset Turnover : 0.04 (As of Mar. 2024)


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What is Bangladesh Submarine Cables Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Bangladesh Submarine Cables's Revenue for the three months ended in Mar. 2024 was BDT972 Mil. Bangladesh Submarine Cables's Total Assets for the quarter that ended in Mar. 2024 was BDT22,205 Mil. Therefore, Bangladesh Submarine Cables's Asset Turnover for the quarter that ended in Mar. 2024 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. Bangladesh Submarine Cables's annualized ROE % for the quarter that ended in Mar. 2024 was 10.79%. It is also linked to ROA % through Du Pont Formula. Bangladesh Submarine Cables's annualized ROA % for the quarter that ended in Mar. 2024 was 7.29%.


Bangladesh Submarine Cables Asset Turnover Historical Data

The historical data trend for Bangladesh Submarine Cables'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.

Bangladesh Submarine Cables Asset Turnover Chart

Bangladesh Submarine Cables Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.20 0.26 0.29 0.27

Bangladesh Submarine Cables Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.06 0.06 0.06 0.05 0.04

Competitive Comparison of Bangladesh Submarine Cables's Asset Turnover

For the Telecom Services subindustry, Bangladesh Submarine Cables'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.


Bangladesh Submarine Cables's Asset Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Bangladesh Submarine Cables's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Bangladesh Submarine Cables's Asset Turnover falls into.



Bangladesh Submarine Cables Asset Turnover Calculation

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

Bangladesh Submarine Cables's Asset Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2023 )/( (Total Assets (A: Jun. 2022 )+Total Assets (A: Jun. 2023 ))/ count )
=5154.912/( (16891.773+20829.206)/ 2 )
=5154.912/18860.4895
=0.27

Bangladesh Submarine Cables's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=972.007/( (22460.603+21948.866)/ 2 )
=972.007/22204.7345
=0.04

* 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.


Bangladesh Submarine Cables  (DHA:BSCPLC) Asset Turnover Explanation

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

Bangladesh Submarine Cables's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=1618.124/14995.538
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1618.124 / 3888.028)*(3888.028 / 22204.7345)*(22204.7345/ 14995.538)
=Net Margin %*Asset Turnover*Equity Multiplier
=41.62 %*0.1751*1.4808
=ROA %*Equity Multiplier
=7.29 %*1.4808
=10.79 %

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

Bangladesh Submarine Cables's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=1618.124/22204.7345
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1618.124 / 3888.028)*(3888.028 / 22204.7345)
=Net Margin %*Asset Turnover
=41.62 %*0.1751
=7.29 %

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


Bangladesh Submarine Cables Asset Turnover Related Terms

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Bangladesh Submarine Cables (DHA:BSCPLC) Business Description

Traded in Other Exchanges
N/A
Address
191/1, Tejgaon-Gulshan Link Road, Rahman’s Regnum Center (7th and 8th Floor), Dhaka, BGD, 1208
Bangladesh Submarine Cables PLC is a Core Telecommunication service provider and International Submarine Cable Operator of Bangladesh. It is also an IIG (International Internet Gateway). The service provided by the company represents the Long-haul communication between Bangladesh and the rest of the world. The company is a party in both SMW-4 and SMW-5 Consortiums that provide more capacity and redundancy in Submarine Cables for Bangladesh. BSCCL-IIG is helping the people of the Country to get broadband Internet at a cheaper rate and quality of service.

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