Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Lam Soon (Hong Kong)'s Revenue for the
six
months ended in Jun. 2024 was HK$2,178 Mil. Lam Soon (Hong Kong)'s Total Assets for the quarter that ended in Jun. 2024 was HK$3,572 Mil. Therefore, Lam Soon (Hong Kong)'s Asset Turnover for the quarter that ended in Jun. 2024 was 0.61.
Asset Turnover is linked to ROE % through Du Pont Formula. Lam Soon (Hong Kong)'s annualizedROE % for the quarter that ended in Jun. 2024 was 4.94%. It is also linked to ROA % through Du Pont Formula. Lam Soon (Hong Kong)'s annualizedROA % for the quarter that ended in Jun. 2024 was 4.02%.
Lam Soon (Hong Kong) Asset Turnover Historical Data
The historical data trend for Lam Soon (Hong Kong)'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.
Competitive Comparison of Lam Soon (Hong Kong)'s Asset Turnover
For the Packaged Foods subindustry, Lam Soon (Hong Kong)'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.
Lam Soon (Hong Kong)'s Asset Turnover Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Lam Soon (Hong Kong)'s Asset Turnover distribution charts can be found below:
* The bar in red indicates where Lam Soon (Hong Kong)'s Asset Turnover falls into.
Lam Soon (Hong Kong) Asset Turnover Calculation
Asset Turnover measures how quickly a company turns over its asset through sales.
Lam Soon (Hong Kong)'s Asset Turnover for the fiscal year that ended in Jun. 2024 is calculated as
* 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.
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:
Lam Soon (Hong Kong)'s annulizedROA % for the quarter that ended in Jun. 2024 is
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.
Lam Soon (Hong Kong) Asset Turnover Related Terms
Thank you for viewing the detailed overview of Lam Soon (Hong Kong)'s Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Lam Soon (Hong Kong) Ltd is an investment holding company. It is engaged in the manufacturing of food and detergent products. The company's business segments, which are based on its activities are Food and Home Care. The food segment includes the manufacturing and distribution of food products including flour, edible oils, and vegetable fats. The Home Care segment includes the manufacturing and distribution of household cleaning products including liquid dishwashing detergent, laundry powder, liquid laundry detergent, fabric softener, floor cleaner, and industrial marble cleanser. It generates the majority of the revenue from the Food segment activities. It has operations in Hong Kong, and international countries, of which the majority of the revenue is derived from Mainland China.
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