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BoardWare Intelligence Technology (HKSE:01204) Asset Turnover : 0.52 (As of Jun. 2024)


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What is BoardWare Intelligence Technology Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. BoardWare Intelligence Technology's Revenue for the six months ended in Jun. 2024 was HK$318.1 Mil. BoardWare Intelligence Technology's Total Assets for the quarter that ended in Jun. 2024 was HK$606.5 Mil. Therefore, BoardWare Intelligence Technology's Asset Turnover for the quarter that ended in Jun. 2024 was 0.52.

Asset Turnover is linked to ROE % through Du Pont Formula. BoardWare Intelligence Technology's annualized ROE % for the quarter that ended in Jun. 2024 was 0.62%. It is also linked to ROA % through Du Pont Formula. BoardWare Intelligence Technology's annualized ROA % for the quarter that ended in Jun. 2024 was 0.34%.


BoardWare Intelligence Technology Asset Turnover Historical Data

The historical data trend for BoardWare Intelligence Technology'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.

BoardWare Intelligence Technology Asset Turnover Chart

BoardWare Intelligence Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
1.66 1.53 1.42 1.15 1.24

BoardWare Intelligence Technology Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Asset Turnover Get a 7-Day Free Trial Premium Member Only 0.56 0.65 0.73 0.59 0.52

Competitive Comparison of BoardWare Intelligence Technology's Asset Turnover

For the Information Technology Services subindustry, BoardWare Intelligence Technology'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.


BoardWare Intelligence Technology's Asset Turnover Distribution in the Software Industry

For the Software industry and Technology sector, BoardWare Intelligence Technology's Asset Turnover distribution charts can be found below:

* The bar in red indicates where BoardWare Intelligence Technology's Asset Turnover falls into.


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BoardWare Intelligence Technology Asset Turnover Calculation

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

BoardWare Intelligence Technology's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=717.595/( (573.06+583.403)/ 2 )
=717.595/578.2315
=1.24

BoardWare Intelligence Technology'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 )
=318.109/( (583.403+629.645)/ 2 )
=318.109/606.524
=0.52

* 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.


BoardWare Intelligence Technology  (HKSE:01204) Asset Turnover Explanation

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

BoardWare Intelligence Technology's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=2.076/336.1865
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2.076 / 636.218)*(636.218 / 606.524)*(606.524/ 336.1865)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.33 %*1.049*1.8041
=ROA %*Equity Multiplier
=0.34 %*1.8041
=0.62 %

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:

BoardWare Intelligence Technology's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=2.076/606.524
=(Net Income / Revenue)*(Revenue / Total Assets)
=(2.076 / 636.218)*(636.218 / 606.524)
=Net Margin %*Asset Turnover
=0.33 %*1.049
=0.34 %

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.


BoardWare Intelligence Technology Asset Turnover Related Terms

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BoardWare Intelligence Technology Business Description

Traded in Other Exchanges
N/A
Address
No. 9 Sheung Yuet Road, Unit 01-02, 12th Floor, Tower I Enterprise Square, Kowloon Bay, Kowloon, Hong Kong, HKG
BoardWare Intelligence Technology Ltd is dedicated to providing reliable, end-to-end, and high-quality enterprise IT solutions to customers. It is engaged in the design, architecture, and building up of total IT solutions for customers in various industry sectors in Macau. In addition, the company is engaged in the distribution and resale of hardware and software.
Executives
Chao Ka Chon 2201 Interest of corporation controlled by you
Tai Wah (bvi) Holdings Limited 2101 Beneficial owner
Wong Pui Fan 2202 Interest of your spouse
Ung Choi Kun 2101 Beneficial owner
Da Heng Qin Ao Men You Xian Gong Si 2101 Beneficial owner
Zhu Hai Da Heng Qin Ji Tuan You Xian Gong Si 2101 Beneficial owner

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