GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ICBC Turkey Bank AS (IST:ICBCT) » Definitions » Asset Turnover

ICBC Turkey Bank AS (IST:ICBCT) Asset Turnover : 0.00 (As of Dec. 2024)


View and export this data going back to 1987. Start your Free Trial

What is ICBC Turkey Bank 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. ICBC Turkey Bank AS's Revenue for the three months ended in Dec. 2024 was ₺320 Mil. ICBC Turkey Bank AS's Total Assets for the quarter that ended in Dec. 2024 was ₺99,627 Mil. Therefore, ICBC Turkey Bank AS's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. ICBC Turkey Bank AS's annualized ROE % for the quarter that ended in Dec. 2024 was -0.73%. It is also linked to ROA % through Du Pont Formula. ICBC Turkey Bank AS's annualized ROA % for the quarter that ended in Dec. 2024 was -0.04%.


ICBC Turkey Bank AS Asset Turnover Historical Data

The historical data trend for ICBC Turkey Bank 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.

ICBC Turkey Bank AS Asset Turnover Chart

ICBC Turkey Bank AS 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 0.04 0.05 0.06 0.06 0.02

ICBC Turkey Bank AS Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.01 0.01 - - -

Competitive Comparison of ICBC Turkey Bank AS's Asset Turnover

For the Banks - Regional subindustry, ICBC Turkey Bank 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.


ICBC Turkey Bank AS's Asset Turnover Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ICBC Turkey Bank AS's Asset Turnover distribution charts can be found below:

* The bar in red indicates where ICBC Turkey Bank AS's Asset Turnover falls into.


;
;

ICBC Turkey Bank AS Asset Turnover Calculation

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

ICBC Turkey Bank 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 )
=1631.52/( (100590.08+100981.908)/ 2 )
=1631.52/100785.994
=0.02

ICBC Turkey Bank 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 )
=320.158/( (98271.83+100981.908)/ 2 )
=320.158/99626.869
=0.00

* 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.


ICBC Turkey Bank AS  (IST:ICBCT) Asset Turnover Explanation

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

ICBC Turkey Bank AS's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=-35.86/4919.139
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-35.86 / 1280.632)*(1280.632 / 99626.869)*(99626.869/ 4919.139)
=Net Margin %*Asset Turnover*Equity Multiplier
=-2.8 %*0.0129*20.2529
=ROA %*Equity Multiplier
=-0.04 %*20.2529
=-0.73 %

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:

ICBC Turkey Bank AS's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=-35.86/99626.869
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-35.86 / 1280.632)*(1280.632 / 99626.869)
=Net Margin %*Asset Turnover
=-2.8 %*0.0129
=-0.04 %

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.


ICBC Turkey Bank AS Asset Turnover Related Terms

Thank you for viewing the detailed overview of ICBC Turkey Bank AS's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


ICBC Turkey Bank AS Business Description

Traded in Other Exchanges
N/A
Address
Maslak Mah. Dereboyu/2 Caddesi No: 13, Sar?yer, Istanbul, TUR, 34398
ICBC Turkey Bank AS is a bank engaged in corporate and retail banking activities. The operations of the company consist of corporate, commercial, and retail banking services, international transactions, and securities trading in capital markets, which are conducted mainly with local customers. The company has three segments, namely Retail Banking, which includes loans, deposits, and other transactions and balances with retail customers; Corporate Banking includes loans, deposits, and other transactions and balances with corporate and SME customers; and Treasury, Investment Banking, and others include funds management and treasury activities. It derives key revenue from the Corporate banking segment.

ICBC Turkey Bank AS Headlines

No Headlines