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BeijingWest Industries International (HKSE:02339) Asset Turnover : 0.72 (As of Jun. 2024)


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What is BeijingWest Industries International Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. BeijingWest Industries International's Revenue for the six months ended in Jun. 2024 was HK$1,447 Mil. BeijingWest Industries International's Total Assets for the quarter that ended in Jun. 2024 was HK$2,016 Mil. Therefore, BeijingWest Industries International's Asset Turnover for the quarter that ended in Jun. 2024 was 0.72.

Asset Turnover is linked to ROE % through Du Pont Formula. BeijingWest Industries International's annualized ROE % for the quarter that ended in Jun. 2024 was -12.63%. It is also linked to ROA % through Du Pont Formula. BeijingWest Industries International's annualized ROA % for the quarter that ended in Jun. 2024 was -5.12%.


BeijingWest Industries International Asset Turnover Historical Data

The historical data trend for BeijingWest Industries International'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.

BeijingWest Industries International Asset Turnover Chart

BeijingWest Industries International 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 1.29 1.10 1.21 1.25 1.39

BeijingWest Industries International 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 0.65 0.61 0.71 0.63 0.72

Competitive Comparison of BeijingWest Industries International's Asset Turnover

For the Auto Parts subindustry, BeijingWest Industries International'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.


BeijingWest Industries International's Asset Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, BeijingWest Industries International's Asset Turnover distribution charts can be found below:

* The bar in red indicates where BeijingWest Industries International's Asset Turnover falls into.



BeijingWest Industries International Asset Turnover Calculation

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

BeijingWest Industries International'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 )
=2708.861/( (1936.588+1952.319)/ 2 )
=2708.861/1944.4535
=1.39

BeijingWest Industries International'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 )
=1447.238/( (1952.319+2079.552)/ 2 )
=1447.238/2015.9355
=0.72

* 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.


BeijingWest Industries International  (HKSE:02339) Asset Turnover Explanation

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

BeijingWest Industries International's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=-103.188/816.854
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-103.188 / 2894.476)*(2894.476 / 2015.9355)*(2015.9355/ 816.854)
=Net Margin %*Asset Turnover*Equity Multiplier
=-3.56 %*1.4358*2.4679
=ROA %*Equity Multiplier
=-5.12 %*2.4679
=-12.63 %

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:

BeijingWest Industries International's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=-103.188/2015.9355
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-103.188 / 2894.476)*(2894.476 / 2015.9355)
=Net Margin %*Asset Turnover
=-3.56 %*1.4358
=-5.12 %

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.


BeijingWest Industries International Asset Turnover Related Terms

Thank you for viewing the detailed overview of BeijingWest Industries International's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


BeijingWest Industries International Business Description

Traded in Other Exchanges
N/A
Address
39 Gloucester Road, Rooms 1005-06, 10th Floor, Harcourt Building, Wanchai, Hong Kong, HKG
BeijingWest Industries International Ltd is a China-based company engaged in the manufacturing, sale and trading of automotive parts and components. It is involved in one business segment, namely, Manufacturing and sales of auto parts. The company's products include Suspension and brake products. It also provides technical services related to its products. The company operates in the United Kingdom, Germany, United States, Mainland China, and other countries. The company generates the majority of its revenue from the sale of its industrial products.
Executives
Bei Jing Jing Xi Zhong Gong You Xian Gong Si 2201 Interest of corporation controlled by you
Jing Xi Zhi Xing Zhang Jia Kou Qi Che Dian Zi You Xian Gong Si 2201 Interest of corporation controlled by you
Bwi Company Limited 2101 Beneficial owner
Zhang Jia Kou Chan Ye Tou Zi Kong Gu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Zhang Jia Kou Jin Rong Kong Gu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Zhang Jia Kou Guo Kong Zi Chan Guan Li Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Zjkf Holdings International Limited 2106 Person having a security interest in shares
Shou Gang Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Zhang Jia Kou Ju Xin Gu Quan Tou Zi Ji Jin He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Bei Jing Fang Shan Guo You Zi Chan Jing Ying You Xian Ze Ren Gong Si

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