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Stelux Holdings International (HKSE:00084) Asset Turnover : 0.34 (As of Sep. 2023)


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What is Stelux Holdings International Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Stelux Holdings International's Revenue for the six months ended in Sep. 2023 was HK$368.3 Mil. Stelux Holdings International's Total Assets for the quarter that ended in Sep. 2023 was HK$1,081.4 Mil. Therefore, Stelux Holdings International's Asset Turnover for the quarter that ended in Sep. 2023 was 0.34.

Asset Turnover is linked to ROE % through Du Pont Formula. Stelux Holdings International's annualized ROE % for the quarter that ended in Sep. 2023 was -14.83%. It is also linked to ROA % through Du Pont Formula. Stelux Holdings International's annualized ROA % for the quarter that ended in Sep. 2023 was -5.54%.


Stelux Holdings International Asset Turnover Historical Data

The historical data trend for Stelux Holdings International'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.

Stelux Holdings International Asset Turnover Chart

Stelux Holdings International Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.63 0.56 0.46 0.55 0.72

Stelux Holdings International Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 0.23 0.31 0.36 0.37 0.34

Competitive Comparison of Stelux Holdings International's Asset Turnover

For the Luxury Goods subindustry, Stelux Holdings International'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.


Stelux Holdings International's Asset Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Stelux Holdings International's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Stelux Holdings International's Asset Turnover falls into.



Stelux Holdings International Asset Turnover Calculation

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

Stelux Holdings International's Asset Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2023 )/( (Total Assets (A: Mar. 2022 )+Total Assets (A: Mar. 2023 ))/ count )
=805.454/( (1182.03+1063.123)/ 2 )
=805.454/1122.5765
=0.72

Stelux Holdings International's Asset Turnover for the quarter that ended in Sep. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2023 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=368.294/( (1063.123+1099.734)/ 2 )
=368.294/1081.4285
=0.34

* 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.


Stelux Holdings International  (HKSE:00084) Asset Turnover Explanation

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

Stelux Holdings International's annulized ROE % for the quarter that ended in Sep. 2023 is

ROE %**(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=-59.884/403.726
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-59.884 / 736.588)*(736.588 / 1081.4285)*(1081.4285/ 403.726)
=Net Margin %*Asset Turnover*Equity Multiplier
=-8.13 %*0.6811*2.6786
=ROA %*Equity Multiplier
=-5.54 %*2.6786
=-14.83 %

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

Stelux Holdings International's annulized ROA % for the quarter that ended in Sep. 2023 is

ROA %(Q: Sep. 2023 )
=Net Income/Total Assets
=-59.884/1081.4285
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-59.884 / 736.588)*(736.588 / 1081.4285)
=Net Margin %*Asset Turnover
=-8.13 %*0.6811
=-5.54 %

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


Stelux Holdings International Asset Turnover Related Terms

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Stelux Holdings International (HKSE:00084) Business Description

Traded in Other Exchanges
N/A
Address
698 Prince Edward Road East, 27th Floor, Stelux House, San Po Kong, Kowloon, Hong Kong, HKG
Stelux Holdings International Ltd is an investment holding company. It is engaged in watch retail and wholesale businesses. It operates through the business segments of Watch Retailing and Watch Wholesale trading. Geographically, the group has a business presence in Hong Kong, Macau, Mainland China, Europe and the Rest of Asia, of which key revenue is generated from Hong Kong and the Rest of Asia.

Stelux Holdings International (HKSE:00084) Headlines

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