Asset Turnover is linked to ROE % through Du Pont Formula. Guoquan Food (Shanghai) Co's annualizedROE % for the quarter that ended in Dec. 2023 was 16.22%. It is also linked to ROA % through Du Pont Formula. Guoquan Food (Shanghai) Co's annualizedROA % for the quarter that ended in Dec. 2023 was 10.87%.
Guoquan Food (Shanghai) Co Asset Turnover Historical 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.
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Guoquan Food (Shanghai) Co Asset Turnover Chart
Guoquan Food (Shanghai) Co Annual Data
Trend
Dec20
Dec21
Dec22
Dec23
Asset Turnover
2.52
2.05
2.03
1.38
Guoquan Food (Shanghai) Co Semi-Annual Data
Dec20
Dec21
Dec22
Dec23
Asset Turnover
2.52
2.05
2.03
1.38
Competitive Comparison of Guoquan Food (Shanghai) Co's Asset Turnover
For the Packaged Foods subindustry, Guoquan Food (Shanghai) 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.
Guoquan Food (Shanghai) Co's Asset Turnover Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Guoquan Food (Shanghai) Co's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Guoquan Food (Shanghai) Co's Asset Turnover falls into.
Guoquan Food (Shanghai) Co Asset Turnover Calculation
Asset Turnover measures how quickly a company turns over its asset through sales.
Guoquan Food (Shanghai) Co's Asset Turnover for the fiscal year 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.
Guoquan Food (Shanghai) Co (HKSE:02517) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Guoquan Food (Shanghai) Co's annulizedROE % 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:
Guoquan Food (Shanghai) Co's annulizedROA % 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.
Guoquan Food (Shanghai) Co Asset Turnover Related Terms
Thank you for viewing the detailed overview of Guoquan Food (Shanghai) Co's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Guoquan Food (Shanghai) Co (HKSE:02517) Business Description
Guoquan Food (Shanghai) Co Ltd is the leading and rapidly growing home meal products brand in China. It offers a variety of ready-to-eat, ready-to-heat, ready-to-cook and prepared ingredients, with a focus on at-home hotpot and barbecue products. With a carefully curated product portfolio and an extensive network of community-based stores, it enables consumers to enjoy meals at home with convenience, affordability and tastiness. Leveraging its robust supply chain and production capabilities, The company offers a wide variety of home meal products under the Guoquan Shihui brand through a nationwide network of 9,844 retail stores in China, serving diverse dining scenarios.
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