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PT Indopoly Swakarsa Industry Tbk (ISX:IPOL) Asset Turnover : 0.16 (As of Sep. 2024)


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What is PT Indopoly Swakarsa Industry 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 Indopoly Swakarsa Industry Tbk's Revenue for the three months ended in Sep. 2024 was Rp850,146 Mil. PT Indopoly Swakarsa Industry Tbk's Total Assets for the quarter that ended in Sep. 2024 was Rp5,394,796 Mil. Therefore, PT Indopoly Swakarsa Industry Tbk's Asset Turnover for the quarter that ended in Sep. 2024 was 0.16.

Asset Turnover is linked to ROE % through Du Pont Formula. PT Indopoly Swakarsa Industry Tbk's annualized ROE % for the quarter that ended in Sep. 2024 was 0.59%. It is also linked to ROA % through Du Pont Formula. PT Indopoly Swakarsa Industry Tbk's annualized ROA % for the quarter that ended in Sep. 2024 was 0.29%.


PT Indopoly Swakarsa Industry Tbk Asset Turnover Historical Data

The historical data trend for PT Indopoly Swakarsa Industry 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 Indopoly Swakarsa Industry Tbk Asset Turnover Chart

PT Indopoly Swakarsa Industry 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 0.70 0.71 0.83 0.83 0.68

PT Indopoly Swakarsa Industry Tbk Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.17 0.18 0.17 0.16 0.16

Competitive Comparison of PT Indopoly Swakarsa Industry Tbk's Asset Turnover

For the Packaging & Containers subindustry, PT Indopoly Swakarsa Industry 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 Indopoly Swakarsa Industry Tbk's Asset Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, PT Indopoly Swakarsa Industry Tbk's Asset Turnover distribution charts can be found below:

* The bar in red indicates where PT Indopoly Swakarsa Industry Tbk's Asset Turnover falls into.



PT Indopoly Swakarsa Industry Tbk Asset Turnover Calculation

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

PT Indopoly Swakarsa Industry 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 )
=2988590.624/( (4413083.798+4379298.172)/ 2 )
=2988590.624/4396190.985
=0.68

PT Indopoly Swakarsa Industry Tbk's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=850145.758/( (5221566.357+5568025.381)/ 2 )
=850145.758/5394795.869
=0.16

* 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 Indopoly Swakarsa Industry Tbk  (ISX:IPOL) Asset Turnover Explanation

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

PT Indopoly Swakarsa Industry Tbk's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=15415.992/2612463.522
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(15415.992 / 3400583.032)*(3400583.032 / 5394795.869)*(5394795.869/ 2612463.522)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.45 %*0.6303*2.065
=ROA %*Equity Multiplier
=0.29 %*2.065
=0.59 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 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 Indopoly Swakarsa Industry Tbk's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=15415.992/5394795.869
=(Net Income / Revenue)*(Revenue / Total Assets)
=(15415.992 / 3400583.032)*(3400583.032 / 5394795.869)
=Net Margin %*Asset Turnover
=0.45 %*0.6303
=0.29 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 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 Indopoly Swakarsa Industry Tbk Asset Turnover Related Terms

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PT Indopoly Swakarsa Industry Tbk Business Description

Traded in Other Exchanges
N/A
Address
Jalan Jenderal Sudirman Kav. 70-71, Wisma Indosemen, 6th Floor, Jakarta, IDN, 12910
PT Indopoly Swakarsa Industry Tbk is an Indonesia-based company engaged in the manufacturing of biaxially-oriented polypropylene (BOPP) and biaxially-oriented polyester (BOPET) films for the flexible packaging industry. The company manufactures films that are being used in cigarette packaging, food packaging, non-food packaging, graphic media, green packaging, label, and other custom purposes. Its products are marketed under the brand name Ilene. The firm also manufactures specialty products such as oxo-biodegradable films, breathable films, and high barrier films. It offers its products to both the Indonesian market and international markets such as China, the United States, and others from which Indonesia derives a majority of its revenue to the company.

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