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SFund International Holdings (HKSE:01367) Asset Turnover : 0.04 (As of Dec. 2021)


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What is SFund International 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. SFund International Holdings's Revenue for the six months ended in Dec. 2021 was HK$5.72 Mil. SFund International Holdings's Total Assets for the quarter that ended in Dec. 2021 was HK$156.58 Mil. Therefore, SFund International Holdings's Asset Turnover for the quarter that ended in Dec. 2021 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. SFund International Holdings's annualized ROE % for the quarter that ended in Dec. 2021 was 28.52%. It is also linked to ROA % through Du Pont Formula. SFund International Holdings's annualized ROA % for the quarter that ended in Dec. 2021 was -41.92%.


SFund International Holdings Asset Turnover Historical Data

The historical data trend for SFund International 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.

SFund International Holdings Asset Turnover Chart

SFund International Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Asset Turnover
Get a 7-Day Free Trial Premium Member Only 1.20 0.49 0.25 0.06 0.07

SFund International Holdings Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21
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 0.22 0.05 0.02 0.03 0.04

Competitive Comparison of SFund International Holdings's Asset Turnover

For the Apparel Retail subindustry, SFund International 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.


SFund International Holdings's Asset Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, SFund International Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where SFund International Holdings's Asset Turnover falls into.



SFund International Holdings Asset Turnover Calculation

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

SFund International Holdings's Asset Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2021 )/( (Total Assets (A: Dec. 2020 )+Total Assets (A: Dec. 2021 ))/ count )
=10.864/( (177.538+153.518)/ 2 )
=10.864/165.528
=0.07

SFund International Holdings's Asset Turnover for the quarter that ended in Dec. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2021 )/( (Total Assets (Q: Jun. 2021 )+Total Assets (Q: Dec. 2021 ))/ count )
=5.723/( (159.643+153.518)/ 2 )
=5.723/156.5805
=0.04

* 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.


SFund International Holdings  (HKSE:01367) Asset Turnover Explanation

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

SFund International Holdings's annulized ROE % for the quarter that ended in Dec. 2021 is

ROE %**(Q: Dec. 2021 )
=Net Income/Total Stockholders Equity
=-65.632/-230.096
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-65.632 / 11.446)*(11.446 / 156.5805)*(156.5805/ -230.096)
=Net Margin %*Asset Turnover*Equity Multiplier
=-573.41 %*0.0731*-0.6805
=ROA %*Equity Multiplier
=-41.92 %*-0.6805
=28.52 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2021) net income data. The Revenue data used here is two times the semi-annual (Dec. 2021) 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:

SFund International Holdings's annulized ROA % for the quarter that ended in Dec. 2021 is

ROA %(Q: Dec. 2021 )
=Net Income/Total Assets
=-65.632/156.5805
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-65.632 / 11.446)*(11.446 / 156.5805)
=Net Margin %*Asset Turnover
=-573.41 %*0.0731
=-41.92 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2021) net income data. The Revenue data used here is two times the semi-annual (Dec. 2021) 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.


SFund International Holdings Asset Turnover Related Terms

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SFund International Holdings (HKSE:01367) Business Description

Traded in Other Exchanges
N/A
Address
23 Harbour Road, Suites 904-5, 9th Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG
SFund International Holdings Ltd is an investment holding company. It operates in four segments: Apparel supply chain management services, Financial services, Moneylending, and Securities investment. Its geographical segments are Cambodia, United States, Mainland China, Hong Kong, and Other countries.
Executives
Chan Man Hoi (in The Capacity As The Receiver) 2501 Other
Lai Kar Yan (in The Capacity As A Receiver) 2501 Other
Sfund International Investment Fund Management Limited
Guang Zhou Shi Cheng Shi Jian She Tou Zi Ji Tuan You Xian Gong Si
Guang Zhou Hui Yin Tian Yue Gu Quan Tou Zi Ji Jin Guan Li You Xian Gong Si
Guang Zhou Chan Ye Tou Zi Ji Jin Guan Li You Xian Gong Si
Guang Zhou Ke Ji Jin Rong Chuang Xin Tou Zi Kong Gu You Xian Gong Si
Plus Value International Limited 2101 Beneficial owner
Lai Leong 2201 Interest of corporation controlled by you

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