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GEK Terna Holding Real Estate Construction (GEK Terna Holding Real Estate Construction) Asset Turnover : 0.32 (As of Dec. 2023)


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What is GEK Terna Holding Real Estate Construction Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. GEK Terna Holding Real Estate Construction's Revenue for the six months ended in Dec. 2023 was $2,066 Mil. GEK Terna Holding Real Estate Construction's Total Assets for the quarter that ended in Dec. 2023 was $6,559 Mil. Therefore, GEK Terna Holding Real Estate Construction's Asset Turnover for the quarter that ended in Dec. 2023 was 0.32.

Asset Turnover is linked to ROE % through Du Pont Formula. GEK Terna Holding Real Estate Construction's annualized ROE % for the quarter that ended in Dec. 2023 was 16.93%. It is also linked to ROA % through Du Pont Formula. GEK Terna Holding Real Estate Construction's annualized ROA % for the quarter that ended in Dec. 2023 was 2.58%.


GEK Terna Holding Real Estate Construction Asset Turnover Historical Data

The historical data trend for GEK Terna Holding Real Estate Construction'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.

GEK Terna Holding Real Estate Construction Asset Turnover Chart

GEK Terna Holding Real Estate Construction Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.28 0.21 0.23 0.71 0.59

GEK Terna Holding Real Estate Construction Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 0.16 0.28 0.44 0.27 0.32

Competitive Comparison of GEK Terna Holding Real Estate Construction's Asset Turnover

For the Engineering & Construction subindustry, GEK Terna Holding Real Estate Construction'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.


GEK Terna Holding Real Estate Construction's Asset Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, GEK Terna Holding Real Estate Construction's Asset Turnover distribution charts can be found below:

* The bar in red indicates where GEK Terna Holding Real Estate Construction's Asset Turnover falls into.



GEK Terna Holding Real Estate Construction Asset Turnover Calculation

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

GEK Terna Holding Real Estate Construction'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 )
=3815.929/( (6332.109+6602.322)/ 2 )
=3815.929/6467.2155
=0.59

GEK Terna Holding Real Estate Construction'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: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=2066.372/( (6515.355+6602.322)/ 2 )
=2066.372/6558.8385
=0.32

* 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.


GEK Terna Holding Real Estate Construction  (OTCPK:GKTRF) Asset Turnover Explanation

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

GEK Terna Holding Real Estate Construction's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=169.294/999.8835
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(169.294 / 4132.744)*(4132.744 / 6558.8385)*(6558.8385/ 999.8835)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.1 %*0.6301*6.5596
=ROA %*Equity Multiplier
=2.58 %*6.5596
=16.93 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (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:

GEK Terna Holding Real Estate Construction's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=169.294/6558.8385
=(Net Income / Revenue)*(Revenue / Total Assets)
=(169.294 / 4132.744)*(4132.744 / 6558.8385)
=Net Margin %*Asset Turnover
=4.1 %*0.6301
=2.58 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (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.


GEK Terna Holding Real Estate Construction Asset Turnover Related Terms

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GEK Terna Holding Real Estate Construction (GEK Terna Holding Real Estate Construction) Business Description

Traded in Other Exchanges
Address
85, Mesogeion Avenue, Athens, GRC, 115 26
GEK Terna Holding Real Estate Construction SA is a building construction company engaged in the development and management of investment property. The firm constructs property of any kind, manages self-financed or co-financed projects, operates energy projects, as well as its, participates in companies having similar activities. It operates in seven business segments, Construction, Electricity from RES, Electricity from thermal energy, Real Estate, Industry, Concessions, and Holding. Construction refers to contracts for the construction of technical projects. GEK Terna operates in over 14 countries including Greece, Central and Southeastern Europe, the USA, North Africa, and the Middle East.

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