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Beijing UBOX Online Technology (HKSE:02429) Asset Turnover : 0.93 (As of Dec. 2023)


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What is Beijing UBOX Online Technology Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Beijing UBOX Online Technology's Revenue for the six months ended in Dec. 2023 was HK$1,552 Mil. Beijing UBOX Online Technology's Total Assets for the quarter that ended in Dec. 2023 was HK$1,666 Mil. Therefore, Beijing UBOX Online Technology's Asset Turnover for the quarter that ended in Dec. 2023 was 0.93.

Asset Turnover is linked to ROE % through Du Pont Formula. Beijing UBOX Online Technology's annualized ROE % for the quarter that ended in Dec. 2023 was -38.30%. It is also linked to ROA % through Du Pont Formula. Beijing UBOX Online Technology's annualized ROA % for the quarter that ended in Dec. 2023 was -22.95%.


Beijing UBOX Online Technology Asset Turnover Historical Data

The historical data trend for Beijing UBOX Online Technology'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.

Beijing UBOX Online Technology Asset Turnover Chart

Beijing UBOX Online Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
0.75 0.68 1.32 1.38 1.74

Beijing UBOX Online Technology Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Asset Turnover Get a 7-Day Free Trial - 0.57 0.91 0.81 0.93

Competitive Comparison of Beijing UBOX Online Technology's Asset Turnover

For the Business Equipment & Supplies subindustry, Beijing UBOX Online Technology'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.


Beijing UBOX Online Technology's Asset Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Beijing UBOX Online Technology's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Beijing UBOX Online Technology's Asset Turnover falls into.



Beijing UBOX Online Technology Asset Turnover Calculation

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

Beijing UBOX Online Technology'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 )
=2922.599/( (1696.143+1654.513)/ 2 )
=2922.599/1675.328
=1.74

Beijing UBOX Online Technology's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=1552.446/( (1677.631+1654.513)/ 2 )
=1552.446/1666.072
=0.93

* 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.


Beijing UBOX Online Technology  (HKSE:02429) Asset Turnover Explanation

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

Beijing UBOX Online Technology's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-382.418/998.4795
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-382.418 / 3104.892)*(3104.892 / 1666.072)*(1666.072/ 998.4795)
=Net Margin %*Asset Turnover*Equity Multiplier
=-12.32 %*1.8636*1.6686
=ROA %*Equity Multiplier
=-22.95 %*1.6686
=-38.30 %

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:

Beijing UBOX Online Technology's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-382.418/1666.072
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-382.418 / 3104.892)*(3104.892 / 1666.072)
=Net Margin %*Asset Turnover
=-12.32 %*1.8636
=-22.95 %

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.


Beijing UBOX Online Technology Asset Turnover Related Terms

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Beijing UBOX Online Technology (HKSE:02429) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
West Second Shenyun Road, 4th Floor, Tower A, Tagen Knowledge & Innovation Center, Nanshan, Shenzhen, CHN
Beijing UBOX Online Technology Corp is a vending machine operator in mainland China. It has rapidly established an extensive point-of-sale, or POS, network covering a wide range of consumption scenarios, including schools, factories, office premises, public venues, transportation hubs and restaurants. Through its expansive POS network, it is able to provide services to a variety of participants along the unmanned retail industry value chain. The company operates in five business segments; Unmanned retail business, Advertising and system support services, Merchandise wholesale, Vending machine sales and leases, and Others.

Beijing UBOX Online Technology (HKSE:02429) Headlines

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