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Dickson Concepts (International) (HKSE:00113) Asset Turnover : 0.23 (As of Sep. 2023)


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What is Dickson Concepts (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. Dickson Concepts (International)'s Revenue for the six months ended in Sep. 2023 was HK$1,272 Mil. Dickson Concepts (International)'s Total Assets for the quarter that ended in Sep. 2023 was HK$5,593 Mil. Therefore, Dickson Concepts (International)'s Asset Turnover for the quarter that ended in Sep. 2023 was 0.23.

Asset Turnover is linked to ROE % through Du Pont Formula. Dickson Concepts (International)'s annualized ROE % for the quarter that ended in Sep. 2023 was 12.80%. It is also linked to ROA % through Du Pont Formula. Dickson Concepts (International)'s annualized ROA % for the quarter that ended in Sep. 2023 was 7.86%.


Dickson Concepts (International) Asset Turnover Historical Data

The historical data trend for Dickson Concepts (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.

Dickson Concepts (International) Asset Turnover Chart

Dickson Concepts (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 0.98 0.60 0.41 0.36 0.37

Dickson Concepts (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 0.18 0.18 0.18 0.20 0.23

Competitive Comparison of Dickson Concepts (International)'s Asset Turnover

For the Luxury Goods subindustry, Dickson Concepts (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.


Dickson Concepts (International)'s Asset Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Dickson Concepts (International)'s Asset Turnover distribution charts can be found below:

* The bar in red indicates where Dickson Concepts (International)'s Asset Turnover falls into.



Dickson Concepts (International) Asset Turnover Calculation

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

Dickson Concepts (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 )
=2130.785/( (5808.155+5599.964)/ 2 )
=2130.785/5704.0595
=0.37

Dickson Concepts (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 )
=1272.372/( (5599.964+5585.831)/ 2 )
=1272.372/5592.8975
=0.23

* 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.


Dickson Concepts (International)  (HKSE:00113) Asset Turnover Explanation

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

Dickson Concepts (International)'s annulized ROE % for the quarter that ended in Sep. 2023 is

ROE %**(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=439.448/3433.8895
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(439.448 / 2544.744)*(2544.744 / 5592.8975)*(5592.8975/ 3433.8895)
=Net Margin %*Asset Turnover*Equity Multiplier
=17.27 %*0.455*1.6287
=ROA %*Equity Multiplier
=7.86 %*1.6287
=12.80 %

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:

Dickson Concepts (International)'s annulized ROA % for the quarter that ended in Sep. 2023 is

ROA %(Q: Sep. 2023 )
=Net Income/Total Assets
=439.448/5592.8975
=(Net Income / Revenue)*(Revenue / Total Assets)
=(439.448 / 2544.744)*(2544.744 / 5592.8975)
=Net Margin %*Asset Turnover
=17.27 %*0.455
=7.86 %

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.


Dickson Concepts (International) Asset Turnover Related Terms

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Dickson Concepts (International) (HKSE:00113) Business Description

Traded in Other Exchanges
Address
98 Granville Road, 4th Floor East Ocean Centre, Tsimshatsui East, Kowloon, Hong Kong, HKG
Dickson Concepts (International) Ltd is a Hong Kong-based investment holding company engaged in the manufacturing and distribution of luxury lighters, writing instruments, leather goods, accessories, ready-to-wear clothing, watches and fragrances. The group manages its businesses under two divisions namely, the Luxury Goods and Securities Investment business, of which it generates a majority of revenue from the Luxury goods segment. Geographically the firm has its presence in Hong Kong, Taiwan and other territories, of which key revenue is generated from Hong Kong. The Luxury goods segment includes the sale of luxury goods to retail and wholesale customers and net income from concession and consignment sales.

Dickson Concepts (International) (HKSE:00113) Headlines

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