Tien Giang Packaging JSC (HSTC:BTG) Asset Turnover : 0.00 (As of . 20)

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What is Tien Giang Packaging JSC Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Tien Giang Packaging JSC's Revenue for the six months ended in . 20 was ₫ Mil. Tien Giang Packaging JSC's Total Assets for the quarter that ended in . 20 was ₫ Mil. Therefore, Tien Giang Packaging JSC's Asset Turnover for the quarter that ended in . 20 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Tien Giang Packaging JSC's annualized ROE % for the quarter that ended in . 20 was %. It is also linked to ROA % through Du Pont Formula. Tien Giang Packaging JSC's annualized ROA % for the quarter that ended in . 20 was %.

Tien Giang Packaging JSC Asset Turnover Historical Data

The historical data trend for Tien Giang Packaging JSC'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.

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Tien Giang Packaging JSC Asset Turnover Chart

Tien Giang Packaging JSC Annual Data

Trend

Asset Turnover

Tien Giang Packaging JSC Semi-Annual Data

Asset Turnover

Competitive Comparison of Tien Giang Packaging JSC's Asset Turnover

For the Packaging & Containers subindustry, Tien Giang Packaging JSC'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.

Tien Giang Packaging JSC's Asset Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Tien Giang Packaging JSC's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Tien Giang Packaging JSC's Asset Turnover falls into.

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Tien Giang Packaging JSC Asset Turnover Calculation

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

Tien Giang Packaging JSC's Asset Turnover for the fiscal year that ended in . 20 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: . 20 )	/	( (Total Assets (A: . 20 )	+	Total Assets (A: . 20 ))	/ count )
=		/	( (	+	)	/ )
=		/
=

Tien Giang Packaging JSC's Asset Turnover for the quarter that ended in . 20 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: . 20 )	/	( (Total Assets (Q: . 20 )	+	Total Assets (Q: . 20 ))	/ count )
=		/	( (	+	)	/ )
=		/
=

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.

Tien Giang Packaging JSC (HSTC:BTG) Asset Turnover Explanation

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

Tien Giang Packaging JSC's annulized ROE % for the quarter that ended in . 20 is

	ROE %^**		(Q: . 20 )
=	Net Income	/	Total Stockholders Equity
=		/
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	( / )	*	( / )	*	(/ )
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	%	*		*
=	ROA %	*	Equity Multiplier
=	%	*
=	%

Note: The Net Income data used here is two times the semi-annual (. 20) net income data. The Revenue data used here is two times the semi-annual (. 20) revenue data.

^** 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:

Tien Giang Packaging JSC's annulized ROA % for the quarter that ended in . 20 is

	ROA %		(Q: . 20 )
=	Net Income	/	Total Assets
=		/
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	( / )	*	( / )
=	Net Margin %	*	Asset Turnover
=	%	*
=	%

Note: The Net Income data used here is two times the semi-annual (. 20) net income data. The Revenue data used here is two times the semi-annual (. 20) revenue data.

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.

Tien Giang Packaging JSC Asset Turnover Related Terms

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