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S Alam Cold Rolled Steels (DHA:SALAMCRST) Asset Turnover : 0.04 (As of Dec. 2023)


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What is S Alam Cold Rolled Steels Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. S Alam Cold Rolled Steels's Revenue for the three months ended in Dec. 2023 was BDT1,017 Mil. S Alam Cold Rolled Steels's Total Assets for the quarter that ended in Dec. 2023 was BDT23,739 Mil. Therefore, S Alam Cold Rolled Steels's Asset Turnover for the quarter that ended in Dec. 2023 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. S Alam Cold Rolled Steels's annualized ROE % for the quarter that ended in Dec. 2023 was 1.34%. It is also linked to ROA % through Du Pont Formula. S Alam Cold Rolled Steels's annualized ROA % for the quarter that ended in Dec. 2023 was 0.10%.


S Alam Cold Rolled Steels Asset Turnover Historical Data

The historical data trend for S Alam Cold Rolled Steels'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.

S Alam Cold Rolled Steels Asset Turnover Chart

S Alam Cold Rolled Steels Annual Data
Trend Sep13 Sep14 Sep15 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 0.22 0.26 0.25 0.31

S Alam Cold Rolled Steels Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.07 0.09 0.05 0.05 0.04

Competitive Comparison of S Alam Cold Rolled Steels's Asset Turnover

For the Steel subindustry, S Alam Cold Rolled Steels'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.


S Alam Cold Rolled Steels's Asset Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, S Alam Cold Rolled Steels's Asset Turnover distribution charts can be found below:

* The bar in red indicates where S Alam Cold Rolled Steels's Asset Turnover falls into.



S Alam Cold Rolled Steels Asset Turnover Calculation

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

S Alam Cold Rolled Steels'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 )
=5512.855/( (15672.244+20054.71)/ 2 )
=5512.855/17863.477
=0.31

S Alam Cold Rolled Steels's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=1016.801/( (23069.678+24409.313)/ 2 )
=1016.801/23739.4955
=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.


S Alam Cold Rolled Steels  (DHA:SALAMCRST) Asset Turnover Explanation

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

S Alam Cold Rolled Steels's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=24.476/1830.8595
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(24.476 / 4067.204)*(4067.204 / 23739.4955)*(23739.4955/ 1830.8595)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.6 %*0.1713*12.9663
=ROA %*Equity Multiplier
=0.10 %*12.9663
=1.34 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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:

S Alam Cold Rolled Steels's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=24.476/23739.4955
=(Net Income / Revenue)*(Revenue / Total Assets)
=(24.476 / 4067.204)*(4067.204 / 23739.4955)
=Net Margin %*Asset Turnover
=0.6 %*0.1713
=0.10 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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.


S Alam Cold Rolled Steels Asset Turnover Related Terms

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S Alam Cold Rolled Steels (DHA:SALAMCRST) Business Description

Traded in Other Exchanges
N/A
Address
S. Alam Bhaban, Asadgonj, Chattogram, BGD, 2119
S Alam Cold Rolled Steels Ltd is a steel manufacturing company. Its business activities include manufacturing and marketing cold rolled steel strips and galvanized steel sheets. The company has two business segments - the Cold Rolled Strips segment, which includes purchasing hot roll and manufacturing and distribution of cold-rolled strips; and the Non-Oxide Furnace segment which comprises purchasing cold-rolled strips and manufacturing and distribution of galvanized steel sheets.

S Alam Cold Rolled Steels (DHA:SALAMCRST) Headlines

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