Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Television Broadcasts's Revenue for the
six
months ended in Dec. 2023 was HK$1,763 Mil. Television Broadcasts's Total Assets for the quarter that ended in Dec. 2023 was HK$6,462 Mil. Therefore, Television Broadcasts's Asset Turnover for the quarter that ended in Dec. 2023 was 0.27.
Asset Turnover is linked to ROE % through Du Pont Formula. Television Broadcasts's annualizedROE % for the quarter that ended in Dec. 2023 was -24.42%. It is also linked to ROA % through Du Pont Formula. Television Broadcasts's annualizedROA % for the quarter that ended in Dec. 2023 was -11.02%.
Television Broadcasts Asset Turnover Historical Data
The historical data trend for Television Broadcasts'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 Television Broadcasts's Asset Turnover
For the Broadcasting subindustry, Television Broadcasts'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.
Television Broadcasts's Asset Turnover Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Television Broadcasts's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Television Broadcasts's Asset Turnover falls into.
Television Broadcasts Asset Turnover Calculation
Asset Turnover measures how quickly a company turns over its asset through sales.
Television Broadcasts's Asset Turnover for the fiscal year that ended in Dec. 2023 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.
Television Broadcasts (HKSE:00511) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Television Broadcasts's annulizedROE % for the quarter that ended in Dec. 2023 is
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:
Television Broadcasts's annulizedROA % for the quarter that ended in Dec. 2023 is
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.
Television Broadcasts Asset Turnover Related Terms
Thank you for viewing the detailed overview of Television Broadcasts's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Television Broadcasts (HKSE:00511) Business Description
Television Broadcasts Ltd is a Hong Kong-based company whose activities involve terrestrial television broadcasting, together with programme production and other television-related activities. Its operating segments include Hong Kong TV broadcasting; OTT Streaming; e-Commerce business; Mainland China operations and International operations. The company derives a majority of revenue from the Hong Kong TV broadcasting segment involving the broadcasting of television programmes, commercials on terrestrial TV platforms, production of programmes, online social media platform, music entertainment, event and digital marketing. The group derives revenue from Hong Kong and other countries, of which prime revenue is derived from Hong Kong.
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