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National United Resources Holdings (HKSE:00254) Asset Turnover : 0.08 (As of Dec. 2023)


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What is National United Resources Holdings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. National United Resources Holdings's Revenue for the six months ended in Dec. 2023 was HK$34.06 Mil. National United Resources Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$439.29 Mil. Therefore, National United Resources Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.08.

Asset Turnover is linked to ROE % through Du Pont Formula. National United Resources Holdings's annualized ROE % for the quarter that ended in Dec. 2023 was -46.94%. It is also linked to ROA % through Du Pont Formula. National United Resources Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was -10.39%.


National United Resources Holdings Asset Turnover Historical Data

The historical data trend for National United Resources Holdings'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.

National United Resources Holdings Asset Turnover Chart

National United Resources Holdings Annual Data
Trend Jun13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Jun24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.26 0.38 0.45 0.22

National United Resources Holdings Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.22 0.11 0.29 0.08 0.10

Competitive Comparison of National United Resources Holdings's Asset Turnover

For the Rental & Leasing Services subindustry, National United Resources Holdings'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.


National United Resources Holdings's Asset Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, National United Resources Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where National United Resources Holdings's Asset Turnover falls into.



National United Resources Holdings Asset Turnover Calculation

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

National United Resources Holdings's Asset Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2021 )/( (Total Assets (A: Dec. 2020 )+Total Assets (A: Dec. 2021 ))/ count )
=142.814/( (327.367+314.54)/ 2 )
=142.814/320.9535
=0.44

National United Resources Holdings'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 )
=34.055/( (345.143+533.43)/ 2 )
=34.055/439.2865
=0.08

* 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.


National United Resources Holdings  (HKSE:00254) Asset Turnover Explanation

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

National United Resources Holdings's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-45.626/97.1955
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-45.626 / 68.11)*(68.11 / 439.2865)*(439.2865/ 97.1955)
=Net Margin %*Asset Turnover*Equity Multiplier
=-66.99 %*0.155*4.5196
=ROA %*Equity Multiplier
=-10.39 %*4.5196
=-46.94 %

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:

National United Resources Holdings's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-45.626/439.2865
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-45.626 / 68.11)*(68.11 / 439.2865)
=Net Margin %*Asset Turnover
=-66.99 %*0.155
=-10.39 %

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.


National United Resources Holdings Asset Turnover Related Terms

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National United Resources Holdings Business Description

Traded in Other Exchanges
N/A
Address
213 Queen's Road East, Unit 2806, 28th Floor, Wu Chung House, Wanchai, Hong Kong, HKG
National United Resources Holdings Ltd is an investment holding company. The company is engaged in car rental and shuttle bus services business through the TMTC Group. The TMTC Group has 700 electric buses and fuel buses over vehicles in total with capacity of 5 to 59 seats. The car rental and shuttle bus services business serves with particular capacity requirements, type of vehicles, point to point services, contracted tailor-made services, routes/commute served with specified timetable to employees/students of institutional customers between the working places/schools to different residential communities; car rental without chauffeur; and car rental with chauffeur for trip on business, leisure and various government grand events purposes.
Executives
Ji Kaiping 2201 Interest of corporation controlled by you
Thousand Joy Limited 2101 Beneficial owner
Guo Peiyuan 2201 Interest of corporation controlled by you
Hontin Ocean Resources Limited 2101 Beneficial owner
Tian Xin 2101 Beneficial owner
Hot Mediatech Group Pte. Ltd. 2101 Beneficial owner
Li Jiayi 2201 Interest of corporation controlled by you

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