GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Raubex Group Ltd (FRA:B7P) » Definitions » Asset Turnover

Raubex Group (FRA:B7P) Asset Turnover : 0.71 (As of Feb. 2024)


View and export this data going back to 2007. Start your Free Trial

What is Raubex Group Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Raubex Group's Revenue for the six months ended in Feb. 2024 was €437.7 Mil. Raubex Group's Total Assets for the quarter that ended in Feb. 2024 was €619.3 Mil. Therefore, Raubex Group's Asset Turnover for the quarter that ended in Feb. 2024 was 0.71.

Asset Turnover is linked to ROE % through Du Pont Formula. Raubex Group's annualized ROE % for the quarter that ended in Feb. 2024 was 17.62%. It is also linked to ROA % through Du Pont Formula. Raubex Group's annualized ROA % for the quarter that ended in Feb. 2024 was 7.90%.


Raubex Group Asset Turnover Historical Data

The historical data trend for Raubex Group'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.

Raubex Group Asset Turnover Chart

Raubex Group Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.12 1.03 1.27 1.36 1.38

Raubex Group Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 0.59 0.72 0.67 0.70 0.71

Competitive Comparison of Raubex Group's Asset Turnover

For the Engineering & Construction subindustry, Raubex Group'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.


Raubex Group's Asset Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Raubex Group's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Raubex Group's Asset Turnover falls into.



Raubex Group Asset Turnover Calculation

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

Raubex Group's Asset Turnover for the fiscal year that ended in Feb. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Feb. 2024 )/( (Total Assets (A: Feb. 2023 )+Total Assets (A: Feb. 2024 ))/ count )
=849.414/( (591.631+643.209)/ 2 )
=849.414/617.42
=1.38

Raubex Group's Asset Turnover for the quarter that ended in Feb. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Feb. 2024 )/( (Total Assets (Q: Aug. 2023 )+Total Assets (Q: Feb. 2024 ))/ count )
=437.713/( (595.475+643.209)/ 2 )
=437.713/619.342
=0.71

* 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.


Raubex Group  (FRA:B7P) Asset Turnover Explanation

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

Raubex Group's annulized ROE % for the quarter that ended in Feb. 2024 is

ROE %**(Q: Feb. 2024 )
=Net Income/Total Stockholders Equity
=48.898/277.5325
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(48.898 / 875.426)*(875.426 / 619.342)*(619.342/ 277.5325)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.59 %*1.4135*2.2316
=ROA %*Equity Multiplier
=7.90 %*2.2316
=17.62 %

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

Raubex Group's annulized ROA % for the quarter that ended in Feb. 2024 is

ROA %(Q: Feb. 2024 )
=Net Income/Total Assets
=48.898/619.342
=(Net Income / Revenue)*(Revenue / Total Assets)
=(48.898 / 875.426)*(875.426 / 619.342)
=Net Margin %*Asset Turnover
=5.59 %*1.4135
=7.90 %

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


Raubex Group Asset Turnover Related Terms

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


Raubex Group (FRA:B7P) Business Description

Traded in Other Exchanges
Address
Kenneth Kaunda Road Extension, Noordstad, Cleveley, Bloemfontein, FS, ZAF, 9300
Raubex Group Ltd is a South African infrastructure development and construction materials supply group. It operates across South Africa as well as throughout southern Africa. The group consists of three divisions as follows: The materials division specializes in the supply of aggregates from commercial quarries and is a provider of materials handling and screening services to the mining industry. Roads and Earthworks Division specializes in road construction and earthworks as well as road surfacing and rehabilitation which includes the manufacturing and laying of asphalt, chip and spray, surface dressing, enrichments, and slurry seals. The infrastructure division specializes in disciplines outside the road construction sector, including energy, rail, and telecommunications.

Raubex Group (FRA:B7P) Headlines

No Headlines