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Universe Entertainment And Culture Group Co (HKSE:01046) Asset Turnover : 0.09 (As of Jun. 2024)


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What is Universe Entertainment And Culture Group Co Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Universe Entertainment And Culture Group Co's Revenue for the six months ended in Jun. 2024 was HK$68.8 Mil. Universe Entertainment And Culture Group Co's Total Assets for the quarter that ended in Jun. 2024 was HK$764.7 Mil. Therefore, Universe Entertainment And Culture Group Co's Asset Turnover for the quarter that ended in Jun. 2024 was 0.09.

Asset Turnover is linked to ROE % through Du Pont Formula. Universe Entertainment And Culture Group Co's annualized ROE % for the quarter that ended in Jun. 2024 was -19.21%. It is also linked to ROA % through Du Pont Formula. Universe Entertainment And Culture Group Co's annualized ROA % for the quarter that ended in Jun. 2024 was -8.10%.


Universe Entertainment And Culture Group Co Asset Turnover Historical Data

The historical data trend for Universe Entertainment And Culture Group Co'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.

Universe Entertainment And Culture Group Co Asset Turnover Chart

Universe Entertainment And Culture Group Co Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.32 0.69 0.12 0.20 0.43

Universe Entertainment And Culture Group Co Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 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 0.07 0.03 0.16 0.34 0.09

Competitive Comparison of Universe Entertainment And Culture Group Co's Asset Turnover

For the Entertainment subindustry, Universe Entertainment And Culture Group Co'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.


Universe Entertainment And Culture Group Co's Asset Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Universe Entertainment And Culture Group Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Universe Entertainment And Culture Group Co's Asset Turnover falls into.



Universe Entertainment And Culture Group Co Asset Turnover Calculation

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

Universe Entertainment And Culture Group Co's Asset Turnover for the fiscal year that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2024 )/( (Total Assets (A: Jun. 2023 )+Total Assets (A: Jun. 2024 ))/ count )
=365.257/( (951.565+737.412)/ 2 )
=365.257/844.4885
=0.43

Universe Entertainment And Culture Group Co's Asset Turnover for the quarter that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=68.827/( (791.904+737.412)/ 2 )
=68.827/764.658
=0.09

* 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.


Universe Entertainment And Culture Group Co  (HKSE:01046) Asset Turnover Explanation

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

Universe Entertainment And Culture Group Co's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=-61.918/322.291
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-61.918 / 137.654)*(137.654 / 764.658)*(764.658/ 322.291)
=Net Margin %*Asset Turnover*Equity Multiplier
=-44.98 %*0.18*2.3726
=ROA %*Equity Multiplier
=-8.10 %*2.3726
=-19.21 %

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:

Universe Entertainment And Culture Group Co's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=-61.918/764.658
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-61.918 / 137.654)*(137.654 / 764.658)
=Net Margin %*Asset Turnover
=-44.98 %*0.18
=-8.10 %

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.


Universe Entertainment And Culture Group Co Asset Turnover Related Terms

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Universe Entertainment And Culture Group Co Business Description

Traded in Other Exchanges
N/A
Address
192-200 Tai Lin Pai Road, 18th Floor, Wyler Centre Phase II, New Territories, Kwai Chung, Hong Kong, HKG
Universe Entertainment And Culture Group Co Ltd is an investment holding company. Along with its subsidiaries, the company operates in the following reportable segments; Video distribution, film distribution and exhibition, licensing and sublicensing of film rights; Trading, wholesaling, and retailing of optical products and watches products; Leasing of investment properties; Securities investments; Financial printing services; and Others. Geographically, it derives key revenue from Hong Kong, and the rest from the People's Republic of China, Other Asian countries, and other regions. The company generates maximum revenue from Video distribution, film distribution and exhibition, licensing, and sublicensing of film rights segment.
Executives
Pioneer Entertainment Group Limited 2101 Beneficial owner
Lam Shiu Ming, Daneil 2201 Interest of corporation controlled by you

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