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Want Want China Holdings (FRA:4HQ) Asset Turnover : 0.45 (As of Mar. 2024)


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What is Want Want China 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. Want Want China Holdings's Revenue for the six months ended in Mar. 2024 was €1,573 Mil. Want Want China Holdings's Total Assets for the quarter that ended in Mar. 2024 was €3,510 Mil. Therefore, Want Want China Holdings's Asset Turnover for the quarter that ended in Mar. 2024 was 0.45.

Asset Turnover is linked to ROE % through Du Pont Formula. Want Want China Holdings's annualized ROE % for the quarter that ended in Mar. 2024 was 29.28%. It is also linked to ROA % through Du Pont Formula. Want Want China Holdings's annualized ROA % for the quarter that ended in Mar. 2024 was 16.44%.


Want Want China Holdings Asset Turnover Historical Data

The historical data trend for Want Want China 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.

Want Want China Holdings Asset Turnover Chart

Want Want China Holdings Annual Data
Trend Dec14 Dec15 Dec16 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.67 0.72 0.83 0.80 0.86

Want Want China Holdings Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 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 0.44 0.39 0.45 0.41 0.45

Competitive Comparison of Want Want China Holdings's Asset Turnover

For the Packaged Foods subindustry, Want Want China 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.


Want Want China Holdings's Asset Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Want Want China Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Want Want China Holdings's Asset Turnover falls into.



Want Want China Holdings Asset Turnover Calculation

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

Want Want China Holdings's Asset Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2024 )/( (Total Assets (A: Mar. 2023 )+Total Assets (A: Mar. 2024 ))/ count )
=3013.181/( (3520.554+3507.672)/ 2 )
=3013.181/3514.113
=0.86

Want Want China Holdings'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: Sep. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=1572.81/( (3512.619+3507.672)/ 2 )
=1572.81/3510.1455
=0.45

* 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.


Want Want China Holdings  (FRA:4HQ) Asset Turnover Explanation

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

Want Want China Holdings's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=576.982/1970.763
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(576.982 / 3145.62)*(3145.62 / 3510.1455)*(3510.1455/ 1970.763)
=Net Margin %*Asset Turnover*Equity Multiplier
=18.34 %*0.8962*1.7811
=ROA %*Equity Multiplier
=16.44 %*1.7811
=29.28 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2024) net income data. The Revenue data used here is two times the semi-annual (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:

Want Want China Holdings's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=576.982/3510.1455
=(Net Income / Revenue)*(Revenue / Total Assets)
=(576.982 / 3145.62)*(3145.62 / 3510.1455)
=Net Margin %*Asset Turnover
=18.34 %*0.8962
=16.44 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2024) net income data. The Revenue data used here is two times the semi-annual (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.


Want Want China Holdings Asset Turnover Related Terms

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Want Want China Holdings Business Description

Traded in Other Exchanges
Address
No. 18 Sheung Yuet Road, Units 07-08, 7th Floor, FTLife Tower, Kowloon Bay, Kowloon, Hong Kong, HKG
Want Want is leading player in the China packaged food and beverage sector. The company was founded in 1962 in Taiwan and entered the mainland Chinese market in 1989. Its flagship products, such as Hot-Kid milk and Want Want rice crackers, are market leaders in the respective segments. With a primary focus in mainland China, the company also exports to overseas markets. As at March 2021, Want Want China had 422 sales offices, 35 production bases and 81 factories on the Chinese mainland and worked with around 9,000 distributors.

Want Want China Holdings Headlines

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