GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Transtech Optelecom Science Holdings Ltd (HKSE:09963) » Definitions » Asset Turnover

Transtech Optelecom Science Holdings (HKSE:09963) Asset Turnover : 0.17 (As of Dec. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Transtech Optelecom Science Holdings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Transtech Optelecom Science Holdings's Revenue for the six months ended in Dec. 2024 was HK$75.2 Mil. Transtech Optelecom Science Holdings's Total Assets for the quarter that ended in Dec. 2024 was HK$435.0 Mil. Therefore, Transtech Optelecom Science Holdings's Asset Turnover for the quarter that ended in Dec. 2024 was 0.17.

Asset Turnover is linked to ROE % through Du Pont Formula. Transtech Optelecom Science Holdings's annualized ROE % for the quarter that ended in Dec. 2024 was -41.95%. It is also linked to ROA % through Du Pont Formula. Transtech Optelecom Science Holdings's annualized ROA % for the quarter that ended in Dec. 2024 was -37.32%.


Transtech Optelecom Science Holdings Asset Turnover Historical Data

The historical data trend for Transtech Optelecom Science Holdings'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.

Transtech Optelecom Science Holdings Asset Turnover Chart

Transtech Optelecom Science Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.34 0.21 0.35 0.31 0.33

Transtech Optelecom Science Holdings Semi-Annual Data
Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 0.20 0.17 0.13 0.15 0.17

Competitive Comparison of Transtech Optelecom Science Holdings's Asset Turnover

For the Communication Equipment subindustry, Transtech Optelecom Science Holdings'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.


Transtech Optelecom Science Holdings's Asset Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Transtech Optelecom Science Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Transtech Optelecom Science Holdings's Asset Turnover falls into.


;
;

Transtech Optelecom Science Holdings Asset Turnover Calculation

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

Transtech Optelecom Science Holdings's Asset Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2024 )/( (Total Assets (A: Dec. 2023 )+Total Assets (A: Dec. 2024 ))/ count )
=148.017/( (517.106+395.031)/ 2 )
=148.017/456.0685
=0.32

Transtech Optelecom Science Holdings's Asset Turnover for the quarter that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=75.165/( (474.89+395.031)/ 2 )
=75.165/434.9605
=0.17

* 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.


Transtech Optelecom Science Holdings  (HKSE:09963) Asset Turnover Explanation

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

Transtech Optelecom Science Holdings's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=-162.332/386.9565
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-162.332 / 150.33)*(150.33 / 434.9605)*(434.9605/ 386.9565)
=Net Margin %*Asset Turnover*Equity Multiplier
=-107.98 %*0.3456*1.1241
=ROA %*Equity Multiplier
=-37.32 %*1.1241
=-41.95 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2024) net income data. The Revenue data used here is two times the semi-annual (Dec. 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:

Transtech Optelecom Science Holdings's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=-162.332/434.9605
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-162.332 / 150.33)*(150.33 / 434.9605)
=Net Margin %*Asset Turnover
=-107.98 %*0.3456
=-37.32 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2024) net income data. The Revenue data used here is two times the semi-annual (Dec. 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.


Transtech Optelecom Science Holdings Asset Turnover Related Terms

Thank you for viewing the detailed overview of Transtech Optelecom Science Holdings's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Transtech Optelecom Science Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 3 Dai Kwai Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG
Transtech Optelecom Science Holdings Ltd is engaged in the manufacturing and sale of optical fibre in Hong Kong and optical fibre cable, flame-retardant optical fibre cable and non-metallic optical fibre cable and related products in Thailand. The company has two segments, namely Optical fibre cables, optical cable cores and other related products, which is located in Thailand; and Optical fibres, which is located in Hong Kong. The maximum revenue is earned from Thailand.
Executives
Wang Jianyi
Fu Tong Guang Xian Xiang Gang You Xian Gong Si
Fu Tong Ji Tuan You Xian Gong Si
Hang Zhou Fu Tong Guang Tong Xin Tou Zi You Xian Gong Si
Hang Zhou Fu Tong Tou Zi You Xian Gong Si

Transtech Optelecom Science Holdings Headlines

No Headlines