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China-Hongkong Photo Products Holdings (HKSE:01123) Asset Turnover : 0.57 (As of Sep. 2024)


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What is China-Hongkong Photo Products 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. China-Hongkong Photo Products Holdings's Revenue for the six months ended in Sep. 2024 was HK$536 Mil. China-Hongkong Photo Products Holdings's Total Assets for the quarter that ended in Sep. 2024 was HK$939 Mil. Therefore, China-Hongkong Photo Products Holdings's Asset Turnover for the quarter that ended in Sep. 2024 was 0.57.

Asset Turnover is linked to ROE % through Du Pont Formula. China-Hongkong Photo Products Holdings's annualized ROE % for the quarter that ended in Sep. 2024 was 2.08%. It is also linked to ROA % through Du Pont Formula. China-Hongkong Photo Products Holdings's annualized ROA % for the quarter that ended in Sep. 2024 was 1.52%.


China-Hongkong Photo Products Holdings Asset Turnover Historical Data

The historical data trend for China-Hongkong Photo Products 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.

China-Hongkong Photo Products Holdings Asset Turnover Chart

China-Hongkong Photo Products Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.06 1.08 1.16 1.20 1.19

China-Hongkong Photo Products Holdings Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 0.61 0.60 0.63 0.56 0.57

Competitive Comparison of China-Hongkong Photo Products Holdings's Asset Turnover

For the Leisure subindustry, China-Hongkong Photo Products 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.


China-Hongkong Photo Products Holdings's Asset Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, China-Hongkong Photo Products Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where China-Hongkong Photo Products Holdings's Asset Turnover falls into.


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China-Hongkong Photo Products Holdings Asset Turnover Calculation

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

China-Hongkong Photo Products Holdings's Asset Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2024 )/( (Total Assets (A: Mar. 2023 )+Total Assets (A: Mar. 2024 ))/ count )
=1102.41/( (913.412+941.609)/ 2 )
=1102.41/927.5105
=1.19

China-Hongkong Photo Products Holdings's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=535.526/( (941.609+936.056)/ 2 )
=535.526/938.8325
=0.57

* 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.


China-Hongkong Photo Products Holdings  (HKSE:01123) Asset Turnover Explanation

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

China-Hongkong Photo Products Holdings's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=14.27/687.229
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(14.27 / 1071.052)*(1071.052 / 938.8325)*(938.8325/ 687.229)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.33 %*1.1408*1.3661
=ROA %*Equity Multiplier
=1.52 %*1.3661
=2.08 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2024) net income data. The Revenue data used here is two times the semi-annual (Sep. 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:

China-Hongkong Photo Products Holdings's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=14.27/938.8325
=(Net Income / Revenue)*(Revenue / Total Assets)
=(14.27 / 1071.052)*(1071.052 / 938.8325)
=Net Margin %*Asset Turnover
=1.33 %*1.1408
=1.52 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2024) net income data. The Revenue data used here is two times the semi-annual (Sep. 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.


China-Hongkong Photo Products Holdings Asset Turnover Related Terms

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China-Hongkong Photo Products Holdings Business Description

Traded in Other Exchanges
N/A
Address
220-248 Texaco Road, 8th Floor, Tsuen Wan Industrial Centre, Tsuen Wan, Hong Kong, HKG
China-Hongkong Photo Products Holdings Ltd is an investment holding company. The company's operating segment includes Merchandise; Service; Investment and Corporate and 0thers. Its Merchandise segment is engaged in the marketing and distribution of photographic developing, processing and printing products as well as the sale of photographic merchandise, skincare products, consumer electronic products, and household appliances. It generates maximum revenue from the Merchandise segment. Geographically, it derives a majority of revenue from Hong Kong and also has a presence in the People's Republic of China.
Executives
Tricor Equity Trustee Limited 2301 Trustee
Sun Tai Lun
Sun Tao Hsi, Ryan 2305 Beneficiary of a trust

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