PT Multi Medika Internasional Tbk (ISX:MMIX) Asset Turnover: 3.23 (As of Dec. 2021)


ISX:MMIX PT Multi Medika Internasional Tbk ISX:MMIX
24 GF Score
Price Rp750.00
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What is PT Multi Medika Internasional Tbk Asset Turnover?

PT Multi Medika Internasional Tbk ISX:MMIX -4.46% 24 Asset Turnover is 3.23 as of Dec. 2021. GuruFocus rates ISX:MMIX with a GF Score™ of 24/100.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. PT Multi Medika Internasional Tbk's Revenue for the six months ended in Dec. 2021 was Rp181,842 Mil. PT Multi Medika Internasional Tbk's Total Assets for the quarter that ended in Dec. 2021 was Rp56,259 Mil. Therefore, PT Multi Medika Internasional Tbk's Asset Turnover for the quarter that ended in Dec. 2021 was 3.23.

Asset Turnover is linked to ROE % through Du Pont Formula. PT Multi Medika Internasional Tbk's annualized ROE % for the quarter that ended in Dec. 2021 was 361.00%. It is also linked to ROA % through Du Pont Formula. PT Multi Medika Internasional Tbk's annualized ROA % for the quarter that ended in Dec. 2021 was 89.03%.


PT Multi Medika Internasional Tbk  (ISX:MMIX) Asset Turnover Explanation

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

PT Multi Medika Internasional Tbk's annulized ROE % for the quarter that ended in Dec. 2021 is

ROE %**(Q: Dec. 2021 )
=Net Income/Total Stockholders Equity
=50089.384/13875.221
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(50089.384 / 363684.354)*(363684.354 / 56258.5195)*(56258.5195/ 13875.221)
=Net Margin %*Asset Turnover*Equity Multiplier
=13.77 %*6.4645*4.0546
=ROA %*Equity Multiplier
=89.03 %*4.0546
=361.00 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2021) net income data. The Revenue data used here is two times the semi-annual (Dec. 2021) 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 Multi Medika Internasional Tbk's annulized ROA % for the quarter that ended in Dec. 2021 is

ROA %(Q: Dec. 2021 )
=Net Income/Total Assets
=50089.384/56258.5195
=(Net Income / Revenue)*(Revenue / Total Assets)
=(50089.384 / 363684.354)*(363684.354 / 56258.5195)
=Net Margin %*Asset Turnover
=13.77 %*6.4645
=89.03 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2021) net income data. The Revenue data used here is two times the semi-annual (Dec. 2021) 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 Multi Medika Internasional Tbk Asset Turnover Related Terms


PT Multi Medika Internasional Tbk Asset Turnover Historical Data

* Premium members only.

The historical data trend for PT Multi Medika Internasional 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.

PT Multi Medika Internasional Tbk Asset Turnover Chart

PT Multi Medika Internasional Tbk Annual Data
Trend Dec20 Dec21
Asset Turnover
0.00 3.23

PT Multi Medika Internasional Tbk Semi-Annual Data
Dec20 Dec21
Asset Turnover 0.00 3.23

PT Multi Medika Internasional Tbk Asset Turnover Competitor Comparison

For the Pharmaceutical Retailers subindustry, PT Multi Medika Internasional 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 Multi Medika Internasional Tbk Asset Turnover vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, PT Multi Medika Internasional Tbk's Asset Turnover distribution charts can be found below:

* The bar in red indicates where PT Multi Medika Internasional Tbk's Asset Turnover falls into.


ISX:MMIX
24GF Score
PT Multi Medika Internasional Tbk ISX:MMIX
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Multi Medika Internasional Tbk Asset Turnover Calculation

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

PT Multi Medika Internasional Tbk's Asset Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2021 )/( (Total Assets (A: Dec. 2020 )+Total Assets (A: Dec. 2021 ))/ count )
=181842.177/( (3249.678+109267.361)/ 2 )
=181842.177/56258.5195
=3.23

PT Multi Medika Internasional Tbk's Asset Turnover for the quarter that ended in Dec. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2021 )/( (Total Assets (Q: Dec. 2020 )+Total Assets (Q: Dec. 2021 ))/ count )
=181842.177/( (3249.678+109267.361)/ 2 )
=181842.177/56258.5195
=3.23

* 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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 3.23 mean?
PT Multi Medika Internasional Tbk (ISX:MMIX) has a Asset Turnover of 3.23 as of Dec. 2021. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on PT Multi Medika Internasional Tbk and its competitors.
Is PT Multi Medika Internasional Tbk's Asset Turnover too high?
PT Multi Medika Internasional Tbk's current Asset Turnover is 3.23. Overall, PT Multi Medika Internasional Tbk has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does PT Multi Medika Internasional Tbk's Asset Turnover compare to competitors?
PT Multi Medika Internasional Tbk's Asset Turnover of 3.23 can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Healthcare Providers & Services company?
A good Asset Turnover depends on the Healthcare Providers & Services industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on PT Multi Medika Internasional Tbk and its competitors. PT Multi Medika Internasional Tbk's current Asset Turnover is 3.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Multi Medika Internasional Tbk stock overvalued right now?
PT Multi Medika Internasional Tbk (ISX:MMIX) has a current Asset Turnover of 3.23. The current Asset Turnover is 3.23. PT Multi Medika Internasional Tbk's overall GF Score™ is 24/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For PT Multi Medika Internasional Tbk (ISX:MMIX), the current Asset Turnover is 3.23 as of Dec. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PT Multi Medika Internasional Tbk Business Description

Address Jl. Peternakan III No.55B, Kelurahan Kapuk, Kecamatan Cengkareng, Jakarta Barat, DKI Jakarta, Kode Pos, Jakarta, IDN, 11720
PT Multi Medika Internasional Tbk is engaged in the wholesale trading of medical devices and pharmaceutical and laboratory equipment for humans, operating lease, and non-copyrighted works. It also wholesales other food and beverages, such as rice flour, tapioca flour, bakery premix, caramel, processed honey, shrimp crackers and others; agricultural food and beverages, such as herbs and spices; livestock and fisheries; non-alcoholic beverages, such as fruit juice, soft drinks, mineral water, bottled water, and other similar products; cosmetics for humans such as perfume, soap, powder and others. Its segments include Mask and other non food and beverages, and food and beverages. It derives the majoritf of the revenue from Mask and other non food and beverages segments.
24GF Score

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