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Big Pharma Split (FRA:XN4) Asset Turnover : 0.06 (As of Jun. 2024)


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What is Big Pharma Split Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Big Pharma Split's Revenue for the six months ended in Jun. 2024 was €1.19 Mil. Big Pharma Split's Total Assets for the quarter that ended in Jun. 2024 was €18.44 Mil. Therefore, Big Pharma Split's Asset Turnover for the quarter that ended in Jun. 2024 was 0.06.

Asset Turnover is linked to ROE % through Du Pont Formula. Big Pharma Split's annualized ROE % for the quarter that ended in Jun. 2024 was 18.89%. It is also linked to ROA % through Du Pont Formula. Big Pharma Split's annualized ROA % for the quarter that ended in Jun. 2024 was 11.04%.


Big Pharma Split Asset Turnover Historical Data

The historical data trend for Big Pharma Split'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.

Big Pharma Split Asset Turnover Chart

Big Pharma Split Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 0.12 0.02 0.18 0.10 0.01

Big Pharma Split Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 0.07 0.02 - 0.02 0.06

Competitive Comparison of Big Pharma Split's Asset Turnover

For the Asset Management subindustry, Big Pharma Split'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.


Big Pharma Split's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Big Pharma Split's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Big Pharma Split's Asset Turnover falls into.


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Big Pharma Split Asset Turnover Calculation

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

Big Pharma Split's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=0.213/( (27.167+18.137)/ 2 )
=0.213/22.652
=0.01

Big Pharma Split's Asset Turnover for the quarter that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=1.188/( (18.137+18.742)/ 2 )
=1.188/18.4395
=0.06

* 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.


Big Pharma Split  (FRA:XN4) Asset Turnover Explanation

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

Big Pharma Split's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=2.036/10.779
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2.036 / 2.376)*(2.376 / 18.4395)*(18.4395/ 10.779)
=Net Margin %*Asset Turnover*Equity Multiplier
=85.69 %*0.1289*1.7107
=ROA %*Equity Multiplier
=11.04 %*1.7107
=18.89 %

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

Big Pharma Split's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=2.036/18.4395
=(Net Income / Revenue)*(Revenue / Total Assets)
=(2.036 / 2.376)*(2.376 / 18.4395)
=Net Margin %*Asset Turnover
=85.69 %*0.1289
=11.04 %

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


Big Pharma Split Asset Turnover Related Terms

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Big Pharma Split Business Description

Traded in Other Exchanges
Address
610 Chartwell Road, Suite 204, Oakville, ON, CAN, L6J 4A5
Big Pharma Split Corp is a mutual fund corporation. Its investment objective is to provide shareholders with fixed cumulative preferential quarterly cash distributions, and regular monthly cash distributions. The company has a presence in the United States; Switzerland; France and United Kingdom.

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