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Embry Holdings (HKSE:01388) Asset Turnover : 0.23 (As of Jun. 2024)


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What is Embry 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. Embry Holdings's Revenue for the six months ended in Jun. 2024 was HK$631 Mil. Embry Holdings's Total Assets for the quarter that ended in Jun. 2024 was HK$2,774 Mil. Therefore, Embry Holdings's Asset Turnover for the quarter that ended in Jun. 2024 was 0.23.

Asset Turnover is linked to ROE % through Du Pont Formula. Embry Holdings's annualized ROE % for the quarter that ended in Jun. 2024 was -7.85%. It is also linked to ROA % through Du Pont Formula. Embry Holdings's annualized ROA % for the quarter that ended in Jun. 2024 was -5.93%.


Embry Holdings Asset Turnover Historical Data

The historical data trend for Embry 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.

Embry Holdings Asset Turnover Chart

Embry Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.67 0.48 0.49 0.43 0.44

Embry Holdings 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 0.23 0.19 0.24 0.20 0.23

Competitive Comparison of Embry Holdings's Asset Turnover

For the Apparel Manufacturing subindustry, Embry 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.


Embry Holdings's Asset Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Embry Holdings's Asset Turnover distribution charts can be found below:

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



Embry Holdings Asset Turnover Calculation

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

Embry Holdings'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 )
=1281.753/( (2976.805+2862.467)/ 2 )
=1281.753/2919.636
=0.44

Embry Holdings'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 )
=631.392/( (2862.467+2684.682)/ 2 )
=631.392/2773.5745
=0.23

* 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.


Embry Holdings  (HKSE:01388) Asset Turnover Explanation

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

Embry Holdings's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=-164.47/2095.609
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-164.47 / 1262.784)*(1262.784 / 2773.5745)*(2773.5745/ 2095.609)
=Net Margin %*Asset Turnover*Equity Multiplier
=-13.02 %*0.4553*1.3235
=ROA %*Equity Multiplier
=-5.93 %*1.3235
=-7.85 %

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:

Embry Holdings's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=-164.47/2773.5745
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-164.47 / 1262.784)*(1262.784 / 2773.5745)
=Net Margin %*Asset Turnover
=-13.02 %*0.4553
=-5.93 %

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.


Embry Holdings Asset Turnover Related Terms

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Embry Holdings Business Description

Traded in Other Exchanges
N/A
Address
200 Tai Lin Pai Road, 7th Floor, Wyler Centre II, Kwai Chung, New Territories, Hong Kong, HKG
Embry Holdings Ltd is an investment holding company engaged in the apparel division. Its primary operating segment is the manufacture and sale of ladies' brassieres, panties, swimwear, sleepwear, and others. The products are offered under the Embry Form, Fandecie, Comfit, Liza Cheng, and E-Bra, brands. Geographically, it operates through the region of Mainland China, Hong Kong, and other international markets of which the Mainland China region accounts for the majority of revenue.
Executives
Pun Hiu Lok 2202 Interest of your spouse
Value China Fund 2101 Beneficial owner
Cheng Man Tai 2202 Interest of your spouse
Harmonious World Limited 2101 Beneficial owner
Mei Zhen 2202 Interest of your spouse
Ngok Ming Chu 2201 Interest of corporation controlled by you
Cheng Pik Ho Liza 2101 Beneficial owner
Cheng Chuen Chuen 2101 Beneficial owner
Wong Oi Fan 2202 Interest of your spouse
Cheng Tsz Kwan 2101 Beneficial owner
Cheng Ka Hei 2101 Beneficial owner
Fil Limited 2201 Interest of corporation controlled by you
Pandanus Associates Inc. 2201 Interest of corporation controlled by you
Pandanus Partners L.p. 2201 Interest of corporation controlled by you

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