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Efor Caynayi Tic AS (IST:EFORC) Asset Turnover : 0.32 (As of Dec. 2024)


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What is Efor Caynayi Tic AS Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Efor Caynayi Tic AS's Revenue for the three months ended in Dec. 2024 was ₺2,444 Mil. Efor Caynayi Tic AS's Total Assets for the quarter that ended in Dec. 2024 was ₺7,762 Mil. Therefore, Efor Caynayi Tic AS's Asset Turnover for the quarter that ended in Dec. 2024 was 0.32.

Asset Turnover is linked to ROE % through Du Pont Formula. Efor Caynayi Tic AS's annualized ROE % for the quarter that ended in Dec. 2024 was 23.67%. It is also linked to ROA % through Du Pont Formula. Efor Caynayi Tic AS's annualized ROA % for the quarter that ended in Dec. 2024 was 11.42%.


Efor Caynayi Tic AS Asset Turnover Historical Data

The historical data trend for Efor Caynayi Tic AS'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.

Efor Caynayi Tic AS Asset Turnover Chart

Efor Caynayi Tic AS Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Asset Turnover
1.42 2.32 1.69 0.96

Efor Caynayi Tic AS Quarterly Data
Dec21 Dec22 Mar23 Sep23 Dec23 Mar24 Sep24 Dec24
Asset Turnover Get a 7-Day Free Trial - 0.37 0.20 0.31 0.32

Competitive Comparison of Efor Caynayi Tic AS's Asset Turnover

For the Farm Products subindustry, Efor Caynayi Tic AS'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.


Efor Caynayi Tic AS's Asset Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Efor Caynayi Tic AS's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Efor Caynayi Tic AS's Asset Turnover falls into.


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Efor Caynayi Tic AS Asset Turnover Calculation

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

Efor Caynayi Tic AS'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 )
=6732.747/( (5518.406+8556.768)/ 2 )
=6732.747/7037.587
=0.96

Efor Caynayi Tic AS'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: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=2443.643/( (6967.847+8556.768)/ 2 )
=2443.643/7762.3075
=0.31

* 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.


Efor Caynayi Tic AS  (IST:EFORC) Asset Turnover Explanation

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

Efor Caynayi Tic AS's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=886.44/3744.797
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(886.44 / 9774.572)*(9774.572 / 7762.3075)*(7762.3075/ 3744.797)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.07 %*1.2592*2.0728
=ROA %*Equity Multiplier
=11.42 %*2.0728
=23.67 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (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:

Efor Caynayi Tic AS's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=886.44/7762.3075
=(Net Income / Revenue)*(Revenue / Total Assets)
=(886.44 / 9774.572)*(9774.572 / 7762.3075)
=Net Margin %*Asset Turnover
=9.07 %*1.2592
=11.42 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (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.


Efor Caynayi Tic AS Asset Turnover Related Terms

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Efor Caynayi Tic AS Business Description

Traded in Other Exchanges
N/A
Address
Fatih Sultan Mehmat Mah., Aheste Sk. No.7/8, Umraniye, Istanbul, TUR
Efor Cay Sanayi Tic AS manufactures and produces teabag, teapot bag teas, and herbal and fruit teas. The company plants tea plants in the black sea region using domestic methods with technological twists. The teabags of the company has its fruit taste and pleasant aroma of spices, and herb mixtures together in the right proportions, O.P.A. Ceylon teas and products for Out-of-Home Consumption (OOH) which keeps person fit.

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