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PT Garuda Maintenance Facility Aero Asia Tbk (ISX:GMFI) Asset Turnover : 0.26 (As of Dec. 2024)


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What is PT Garuda Maintenance Facility Aero Asia 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 Garuda Maintenance Facility Aero Asia Tbk's Revenue for the three months ended in Dec. 2024 was Rp1,723,642 Mil. PT Garuda Maintenance Facility Aero Asia Tbk's Total Assets for the quarter that ended in Dec. 2024 was Rp6,700,546 Mil. Therefore, PT Garuda Maintenance Facility Aero Asia Tbk's Asset Turnover for the quarter that ended in Dec. 2024 was 0.26.

Asset Turnover is linked to ROE % through Du Pont Formula. PT Garuda Maintenance Facility Aero Asia Tbk's annualized ROE % for the quarter that ended in Dec. 2024 was -16.94%. It is also linked to ROA % through Du Pont Formula. PT Garuda Maintenance Facility Aero Asia Tbk's annualized ROA % for the quarter that ended in Dec. 2024 was 10.98%.


PT Garuda Maintenance Facility Aero Asia Tbk Asset Turnover Historical Data

The historical data trend for PT Garuda Maintenance Facility Aero Asia 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 Garuda Maintenance Facility Aero Asia Tbk Asset Turnover Chart

PT Garuda Maintenance Facility Aero Asia Tbk 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 0.40 0.46 0.63 0.89 0.98

PT Garuda Maintenance Facility Aero Asia Tbk 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 0.27 0.22 0.28 0.22 0.26

Competitive Comparison of PT Garuda Maintenance Facility Aero Asia Tbk's Asset Turnover

For the Aerospace & Defense subindustry, PT Garuda Maintenance Facility Aero Asia 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 Garuda Maintenance Facility Aero Asia Tbk's Asset Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, PT Garuda Maintenance Facility Aero Asia Tbk's Asset Turnover distribution charts can be found below:

* The bar in red indicates where PT Garuda Maintenance Facility Aero Asia Tbk's Asset Turnover falls into.


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PT Garuda Maintenance Facility Aero Asia Tbk Asset Turnover Calculation

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

PT Garuda Maintenance Facility Aero Asia 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 )
=6754655.198/( (6982179.207+6809289.228)/ 2 )
=6754655.198/6895734.2175
=0.98

PT Garuda Maintenance Facility Aero Asia 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: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=1723641.927/( (6591803.289+6809289.228)/ 2 )
=1723641.927/6700546.2585
=0.26

* 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 Garuda Maintenance Facility Aero Asia Tbk  (ISX:GMFI) Asset Turnover Explanation

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

PT Garuda Maintenance Facility Aero Asia Tbk's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=735466.74/-4341061.5385
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(735466.74 / 6894567.708)*(6894567.708 / 6700546.2585)*(6700546.2585/ -4341061.5385)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.67 %*1.029*-1.5435
=ROA %*Equity Multiplier
=10.98 %*-1.5435
=-16.94 %

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:

PT Garuda Maintenance Facility Aero Asia Tbk's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=735466.74/6700546.2585
=(Net Income / Revenue)*(Revenue / Total Assets)
=(735466.74 / 6894567.708)*(6894567.708 / 6700546.2585)
=Net Margin %*Asset Turnover
=10.67 %*1.029
=10.98 %

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.


PT Garuda Maintenance Facility Aero Asia Tbk Asset Turnover Related Terms

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PT Garuda Maintenance Facility Aero Asia Tbk Business Description

Traded in Other Exchanges
N/A
Address
PT Garuda Maintenance Facility Aero Asia Tbk, Second Floor, South Lobby Hangar 4, Soekarno-Hatta Airport Office Area, Pajang Village, Benda District, Tangerang, IDN, 15125
PT Garuda Maintenance Facility Aero Asia Tbk is an Indonesia-based aircraft maintenance company. It offers various services including line maintenance, base maintenance, component services, engineering services, components maintenance and calibration, material services, logistics, cabin maintenance services, and other services. It also offers consulting services, training, and provision of experts in the field of aircraft maintenance, components, and engines. The company's operating segments are repairs and maintenance airframe, engine, and component segment, which is the revenue driver for the company; Line maintenance and technical ground handling segment; and other operations.