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PT Bumi Teknokultura Unggul Tbk (ISX:BTEK) Asset Turnover : 0.03 (As of Mar. 2024)


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What is PT Bumi Teknokultura Unggul 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 Bumi Teknokultura Unggul Tbk's Revenue for the three months ended in Mar. 2024 was Rp134,311 Mil. PT Bumi Teknokultura Unggul Tbk's Total Assets for the quarter that ended in Mar. 2024 was Rp4,101,874 Mil. Therefore, PT Bumi Teknokultura Unggul Tbk's Asset Turnover for the quarter that ended in Mar. 2024 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. PT Bumi Teknokultura Unggul Tbk's annualized ROE % for the quarter that ended in Mar. 2024 was -4.13%. It is also linked to ROA % through Du Pont Formula. PT Bumi Teknokultura Unggul Tbk's annualized ROA % for the quarter that ended in Mar. 2024 was -1.11%.


PT Bumi Teknokultura Unggul Tbk Asset Turnover Historical Data

The historical data trend for PT Bumi Teknokultura Unggul 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 Bumi Teknokultura Unggul Tbk Asset Turnover Chart

PT Bumi Teknokultura Unggul Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.22 0.04 0.04 0.05

PT Bumi Teknokultura Unggul Tbk Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.02 0.02 0.03

Competitive Comparison of PT Bumi Teknokultura Unggul Tbk's Asset Turnover

For the Farm Products subindustry, PT Bumi Teknokultura Unggul 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 Bumi Teknokultura Unggul Tbk's Asset Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Bumi Teknokultura Unggul Tbk's Asset Turnover distribution charts can be found below:

* The bar in red indicates where PT Bumi Teknokultura Unggul Tbk's Asset Turnover falls into.



PT Bumi Teknokultura Unggul Tbk Asset Turnover Calculation

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

PT Bumi Teknokultura Unggul Tbk's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=196668.166/( (4142039.804+4055750.907)/ 2 )
=196668.166/4098895.3555
=0.05

PT Bumi Teknokultura Unggul Tbk's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=134311.095/( (4055750.907+4147996.199)/ 2 )
=134311.095/4101873.553
=0.03

* 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 Bumi Teknokultura Unggul Tbk  (ISX:BTEK) Asset Turnover Explanation

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

PT Bumi Teknokultura Unggul Tbk's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-45517.584/1102230.7255
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-45517.584 / 537244.38)*(537244.38 / 4101873.553)*(4101873.553/ 1102230.7255)
=Net Margin %*Asset Turnover*Equity Multiplier
=-8.47 %*0.131*3.7214
=ROA %*Equity Multiplier
=-1.11 %*3.7214
=-4.13 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 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 Bumi Teknokultura Unggul Tbk's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-45517.584/4101873.553
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-45517.584 / 537244.38)*(537244.38 / 4101873.553)
=Net Margin %*Asset Turnover
=-8.47 %*0.131
=-1.11 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 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 Bumi Teknokultura Unggul Tbk Asset Turnover Related Terms

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PT Bumi Teknokultura Unggul Tbk (ISX:BTEK) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Tentara Pelajar, Rukan Permata Senayan Complex, Block E No. 37 - 38, South Jakarta, Jakarta, IDN, 12210
PT Bumi Teknokultura Unggul Tbk is engaged in agricultural biotechnology, forest management rights, planted forest industries, and trade. The company's main business activities consist of nursery for forestry plants, food crops, medicinal plants, tropical ornamental plants, logging, as well as the trading of logs. Its products and services include forestry crops, ornamental plants, horticultural crops, and other crops. Its segment includes Rental and Cocoa bean processing.

PT Bumi Teknokultura Unggul Tbk (ISX:BTEK) Headlines