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PT Batulicin Nusantara Maritim Tbk (ISX:BESS) Asset Turnover : 0.48 (As of Dec. 2024)


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What is PT Batulicin Nusantara Maritim Tbk Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. PT Batulicin Nusantara Maritim Tbk's Revenue for the six months ended in Dec. 2024 was Rp318,869 Mil. PT Batulicin Nusantara Maritim Tbk's Total Assets for the quarter that ended in Dec. 2024 was Rp662,287 Mil. Therefore, PT Batulicin Nusantara Maritim Tbk's Asset Turnover for the quarter that ended in Dec. 2024 was 0.48.

Asset Turnover is linked to ROE % through Du Pont Formula. PT Batulicin Nusantara Maritim Tbk's annualized ROE % for the quarter that ended in Dec. 2024 was 8.13%. It is also linked to ROA % through Du Pont Formula. PT Batulicin Nusantara Maritim Tbk's annualized ROA % for the quarter that ended in Dec. 2024 was 7.31%.


PT Batulicin Nusantara Maritim Tbk Asset Turnover Historical Data

The historical data trend for PT Batulicin Nusantara Maritim Tbk'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.

PT Batulicin Nusantara Maritim Tbk Asset Turnover Chart

PT Batulicin Nusantara Maritim Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec23 Dec24
Asset Turnover
0.33 0.51 1.45 0.98 0.48

PT Batulicin Nusantara Maritim Tbk Semi-Annual Data
Dec16 Dec17 Dec18 Dec23 Dec24
Asset Turnover 0.33 0.51 1.45 0.98 0.48

Competitive Comparison of PT Batulicin Nusantara Maritim Tbk's Asset Turnover

For the Marine Shipping subindustry, PT Batulicin Nusantara Maritim Tbk'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.


PT Batulicin Nusantara Maritim Tbk's Asset Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT Batulicin Nusantara Maritim Tbk's Asset Turnover distribution charts can be found below:

* The bar in red indicates where PT Batulicin Nusantara Maritim Tbk's Asset Turnover falls into.


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PT Batulicin Nusantara Maritim Tbk Asset Turnover Calculation

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

PT Batulicin Nusantara Maritim Tbk'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 )
=318868.834/( (0+662287.328)/ 1 )
=318868.834/662287.328
=0.48

PT Batulicin Nusantara Maritim Tbk'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: Dec. 2023 )+Total Assets (Q: Dec. 2024 ))/ count )
=318868.834/( (0+662287.328)/ 1 )
=318868.834/662287.328
=0.48

* 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.


PT Batulicin Nusantara Maritim Tbk  (ISX:BESS) Asset Turnover Explanation

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

PT Batulicin Nusantara Maritim Tbk's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=48409.954/595803.642
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(48409.954 / 637737.668)*(637737.668 / 662287.328)*(662287.328/ 595803.642)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.59 %*0.9629*1.1116
=ROA %*Equity Multiplier
=7.31 %*1.1116
=8.13 %

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:

PT Batulicin Nusantara Maritim Tbk's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=48409.954/662287.328
=(Net Income / Revenue)*(Revenue / Total Assets)
=(48409.954 / 637737.668)*(637737.668 / 662287.328)
=Net Margin %*Asset Turnover
=7.59 %*0.9629
=7.31 %

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.


PT Batulicin Nusantara Maritim Tbk Asset Turnover Related Terms

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PT Batulicin Nusantara Maritim Tbk Business Description

Traded in Other Exchanges
N/A
Address
Jalan Pelabuhan Ferry No.69, RT.005/RW.001, Kecamatan Batulicin, Kalimantan Selatan, Tanah Bumbu, South Kalimantan, IDN, 72271
PT Batulicin Nusantara Maritim Tbk is engaged in the field of sea and river transportation. The company provides transhipment activity that transports coal from a place that is transported by the company's tugs and barges to the mother vessel, which is then transported to another place by the mother ship. The Company earns revenue from transhipment business activities and conducts operational activities in the Batulicin area.