Redsun Properties Group (HKSE:01996) Asset Turnover : 0.16 (As of Dec. 2023)

Redsun Properties Group Asset Turnover Chart

Redsun Properties Group Annual Data
	Trend	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Asset Turnover		Get a 7-Day Free Trial				0.18	0.19	0.22	0.16	0.22

Redsun Properties Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Asset Turnover	Get a 7-Day Free Trial											0.11	0.10	0.07	0.06	0.16

Competitive Comparison of Redsun Properties Group's Asset Turnover

For the Real Estate - Development subindustry, Redsun Properties Group'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.

Redsun Properties Group's Asset Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Redsun Properties Group's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Redsun Properties Group's Asset Turnover falls into.

Redsun Properties Group Asset Turnover Calculation

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

Redsun Properties Group's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Redsun Properties Group's Asset Turnover for the quarter 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.

Redsun Properties Group  (HKSE:01996) Asset Turnover Explanation

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

Redsun Properties Group's annulized ROE % for the quarter that ended in Dec. 2023 is

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 2023) 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:

Redsun Properties Group's annulized ROA % for the quarter that ended in Dec. 2023 is

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 2023) 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.

Redsun Properties Group Asset Turnover Related Terms

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Redsun Properties Group (HKSE:01996) Business Description