Yangzhou Guangling District Taihe Rural Micro-finance Co (HKSE:01915) Asset Turnover: 0.03 (As of Jun. 2024)

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HKSE:01915 Yangzhou Guangling District Taihe Rural Micro-finance Co Ltd HKSE:01915
4 GF Score
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What is Yangzhou Guangling District Taihe Rural Micro-finance Co Asset Turnover?

Yangzhou Guangling District Taihe Rural Micro-finance Co HKSE:01915 4 Asset Turnover is 0.03 as of Jun. 2024. GuruFocus rates HKSE:01915 with a GF Score™ of 4/100.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Yangzhou Guangling District Taihe Rural Micro-finance Co's Revenue for the six months ended in Jun. 2024 was HK$28.01 Mil. Yangzhou Guangling District Taihe Rural Micro-finance Co's Total Assets for the quarter that ended in Jun. 2024 was HK$959.94 Mil. Therefore, Yangzhou Guangling District Taihe Rural Micro-finance Co's Asset Turnover for the quarter that ended in Jun. 2024 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. Yangzhou Guangling District Taihe Rural Micro-finance Co's annualized ROE % for the quarter that ended in Jun. 2024 was -2.11%. It is also linked to ROA % through Du Pont Formula. Yangzhou Guangling District Taihe Rural Micro-finance Co's annualized ROA % for the quarter that ended in Jun. 2024 was -2.07%.


Yangzhou Guangling District Taihe Rural Micro-finance Co  (HKSE:01915) Asset Turnover Explanation

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

Yangzhou Guangling District Taihe Rural Micro-finance Co's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=-19.834/938.8085
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-19.834 / 56.028)*(56.028 / 959.9415)*(959.9415/ 938.8085)
=Net Margin %*Asset Turnover*Equity Multiplier
=-35.4 %*0.0584*1.0225
=ROA %*Equity Multiplier
=-2.07 %*1.0225
=-2.11 %

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:

Yangzhou Guangling District Taihe Rural Micro-finance Co's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=-19.834/959.9415
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-19.834 / 56.028)*(56.028 / 959.9415)
=Net Margin %*Asset Turnover
=-35.4 %*0.0584
=-2.07 %

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.


Yangzhou Guangling District Taihe Rural Micro-finance Co Asset Turnover Related Terms


Yangzhou Guangling District Taihe Rural Micro-finance Co Asset Turnover Historical Data

* Premium members only.

The historical data trend for Yangzhou Guangling District Taihe Rural Micro-finance Co'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.

Yangzhou Guangling District Taihe Rural Micro-finance Co Asset Turnover Chart

Yangzhou Guangling District Taihe Rural Micro-finance Co 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 0.11 0.09 0.07 0.06 0.06

Yangzhou Guangling District Taihe Rural Micro-finance Co Semi-Annual Data
Dec14 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 0.03 0.03 0.03 0.03 0.03

HKSE:01915 vs V, MA, AXP: Asset Turnover Comparison

For the Credit Services subindustry, Yangzhou Guangling District Taihe Rural Micro-finance Co'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.


Yangzhou Guangling District Taihe Rural Micro-finance Co Asset Turnover vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Yangzhou Guangling District Taihe Rural Micro-finance Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Yangzhou Guangling District Taihe Rural Micro-finance Co's Asset Turnover falls into.


HKSE:01915
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Yangzhou Guangling District Taihe Rural Micro-finance Co Ltd HKSE:01915
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Yangzhou Guangling District Taihe Rural Micro-finance Co Asset Turnover Calculation

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

Yangzhou Guangling District Taihe Rural Micro-finance Co'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 )
=57.315/( (1002.597+970.092)/ 2 )
=57.315/986.3445
=0.06

Yangzhou Guangling District Taihe Rural Micro-finance Co'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 )
=28.014/( (970.092+949.791)/ 2 )
=28.014/959.9415
=0.03

* 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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.03 mean?
Yangzhou Guangling District Taihe Rural Micro-finance Co (HKSE:01915) has a Asset Turnover of 0.03 as of Jun. 2024. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Yangzhou Guangling District Taihe Rural Micro-finance Co and its competitors.
Is Yangzhou Guangling District Taihe Rural Micro-finance Co's Asset Turnover too high?
Yangzhou Guangling District Taihe Rural Micro-finance Co's current Asset Turnover is 0.03. Overall, Yangzhou Guangling District Taihe Rural Micro-finance Co has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Yangzhou Guangling District Taihe Rural Micro-finance Co's Asset Turnover compare to V and MA?
Yangzhou Guangling District Taihe Rural Micro-finance Co's Asset Turnover of 0.03 can be compared against companies in the Credit Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Credit Services company?
A good Asset Turnover depends on the Credit Services industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Yangzhou Guangling District Taihe Rural Micro-finance Co and its competitors. Yangzhou Guangling District Taihe Rural Micro-finance Co's current Asset Turnover is 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yangzhou Guangling District Taihe Rural Micro-finance Co stock overvalued right now?
Yangzhou Guangling District Taihe Rural Micro-finance Co (HKSE:01915) has a current Asset Turnover of 0.03. The current Asset Turnover is 0.03. Yangzhou Guangling District Taihe Rural Micro-finance Co's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Yangzhou Guangling District Taihe Rural Micro-finance Co (HKSE:01915), the current Asset Turnover is 0.03 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Yangzhou Guangling District Taihe Rural Micro-finance Co Business Description

Address Beizhou Road, Lidian Town, Guangling District, Jiangsu Province, Yangzhou, CHN
Yangzhou Guangling District Taihe Rural Micro-finance Co Ltd is engaged in the microfinance business. The company offers micro and small loans in two formats, term loans, and loans under the credit facility to its customers. Its services are the granting of loans to Agriculture, Rural Areas, and Farmers, provision of financial guarantees, acting as a financial institution agent, and other financial businesses. The group's revenue is generated from the provision of loans to small and medium-sized and micro enterprises located in Yangzhou, Jiangsu Province in the PRC.
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Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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