Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. New Media Lab's Revenue for the
six
months ended in Jun. 2024 was HK$102.6 Mil. New Media Lab's Total Assets for the quarter that ended in Jun. 2024 was HK$288.4 Mil. Therefore, New Media Lab's Asset Turnover for the quarter that ended in Jun. 2024 was 0.36.
Asset Turnover is linked to ROE % through Du Pont Formula. New Media Lab's annualizedROE % for the quarter that ended in Jun. 2024 was 7.00%. It is also linked to ROA % through Du Pont Formula. New Media Lab's annualizedROA % for the quarter that ended in Jun. 2024 was 4.87%.
New Media Lab Asset Turnover Historical Data
The historical data trend for New Media Lab'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 New Media Lab's Asset Turnover
For the Advertising Agencies subindustry, New Media Lab'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.
New Media Lab's Asset Turnover Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, New Media Lab's Asset Turnover distribution charts can be found below:
* The bar in red indicates where New Media Lab's Asset Turnover falls into.
New Media Lab Asset Turnover Calculation
Asset Turnover measures how quickly a company turns over its asset through sales.
New Media Lab'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.
New Media Lab (HKSE:01284) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
New Media Lab's annulizedROE % 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.
** 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:
New Media Lab'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.
New Media Lab Asset Turnover Related Terms
Thank you for viewing the detailed overview of New Media Lab's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
New Media Lab Ltd is a digital media company, providing integrated advertising solutions to advertisers ranging from multi-national brand owners, and advertising agencies to SMEs through its Digital Media Platforms. The company produces and distributes content on diverse areas of interest under its different and popular media brands.
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