PT Rimo International Lestari Tbk (ISX:RIMO) Asset Turnover: 0.05 (As of Sep. 2019)


ISX:RIMO PT Rimo International Lestari Tbk ISX:RIMO
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What is PT Rimo International Lestari Tbk Asset Turnover?

PT Rimo International Lestari Tbk ISX:RIMO 4 Asset Turnover is 0.05 as of Sep. 2019. GuruFocus rates ISX:RIMO with a GF Score™ of 4/100.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. PT Rimo International Lestari Tbk's Revenue for the three months ended in Sep. 2019 was Rp320,800 Mil. PT Rimo International Lestari Tbk's Total Assets for the quarter that ended in Sep. 2019 was Rp6,606,276 Mil. Therefore, PT Rimo International Lestari Tbk's Asset Turnover for the quarter that ended in Sep. 2019 was 0.05.

Asset Turnover is linked to ROE % through Du Pont Formula. PT Rimo International Lestari Tbk's annualized ROE % for the quarter that ended in Sep. 2019 was 3.89%. It is also linked to ROA % through Du Pont Formula. PT Rimo International Lestari Tbk's annualized ROA % for the quarter that ended in Sep. 2019 was 3.22%.


PT Rimo International Lestari Tbk  (ISX:RIMO) Asset Turnover Explanation

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

PT Rimo International Lestari Tbk's annulized ROE % for the quarter that ended in Sep. 2019 is

ROE %**(Q: Sep. 2019 )
=Net Income/Total Stockholders Equity
=212700.144/5466120.8905
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(212700.144 / 1283199.904)*(1283199.904 / 6606276.177)*(6606276.177/ 5466120.8905)
=Net Margin %*Asset Turnover*Equity Multiplier
=16.58 %*0.1942*1.2086
=ROA %*Equity Multiplier
=3.22 %*1.2086
=3.89 %

Note: The Net Income data used here is four times the quarterly (Sep. 2019) net income data. The Revenue data used here is four times the quarterly (Sep. 2019) 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 Rimo International Lestari Tbk's annulized ROA % for the quarter that ended in Sep. 2019 is

ROA %(Q: Sep. 2019 )
=Net Income/Total Assets
=212700.144/6606276.177
=(Net Income / Revenue)*(Revenue / Total Assets)
=(212700.144 / 1283199.904)*(1283199.904 / 6606276.177)
=Net Margin %*Asset Turnover
=16.58 %*0.1942
=3.22 %

Note: The Net Income data used here is four times the quarterly (Sep. 2019) net income data. The Revenue data used here is four times the quarterly (Sep. 2019) 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 Rimo International Lestari Tbk Asset Turnover Related Terms


PT Rimo International Lestari Tbk Asset Turnover Historical Data

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The historical data trend for PT Rimo International Lestari 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 Rimo International Lestari Tbk Asset Turnover Chart

PT Rimo International Lestari Tbk Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Asset Turnover
Get a 7-Day Free Trial 0.02 0.00 0.00 0.05 0.08

PT Rimo International Lestari Tbk Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 0.02 0.01 0.01 0.02 0.05

PT Rimo International Lestari Tbk Asset Turnover Competitor Comparison

For the Real Estate - Development subindustry, PT Rimo International Lestari 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 Rimo International Lestari Tbk Asset Turnover vs Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Rimo International Lestari Tbk's Asset Turnover distribution charts can be found below:

* The bar in red indicates where PT Rimo International Lestari Tbk's Asset Turnover falls into.


ISX:RIMO
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PT Rimo International Lestari Tbk ISX:RIMO
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PT Rimo International Lestari Tbk Asset Turnover Calculation

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

PT Rimo International Lestari Tbk's Asset Turnover for the fiscal year that ended in Dec. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2018 )/( (Total Assets (A: Dec. 2017 )+Total Assets (A: Dec. 2018 ))/ count )
=509524.574/( (5931495.055+6514551.004)/ 2 )
=509524.574/6223023.0295
=0.08

PT Rimo International Lestari Tbk's Asset Turnover for the quarter that ended in Sep. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2019 )/( (Total Assets (Q: Jun. 2019 )+Total Assets (Q: Sep. 2019 ))/ count )
=320799.976/( (6471157.324+6741395.03)/ 2 )
=320799.976/6606276.177
=0.05

* 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 0.05 mean?
PT Rimo International Lestari Tbk (ISX:RIMO) has a Asset Turnover of 0.05 as of Sep. 2019. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on PT Rimo International Lestari Tbk and its competitors.
Is PT Rimo International Lestari Tbk's Asset Turnover too high?
PT Rimo International Lestari Tbk's current Asset Turnover is 0.05. Overall, PT Rimo International Lestari Tbk has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does PT Rimo International Lestari Tbk's Asset Turnover compare to competitors?
PT Rimo International Lestari Tbk's Asset Turnover of 0.05 can be compared against companies in the Real Estate 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 Real Estate company?
A good Asset Turnover depends on the Real Estate 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 Rimo International Lestari Tbk and its competitors. PT Rimo International Lestari Tbk's current Asset Turnover is 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Rimo International Lestari Tbk stock overvalued right now?
PT Rimo International Lestari Tbk (ISX:RIMO) has a current Asset Turnover of 0.05. The current Asset Turnover is 0.05. PT Rimo International Lestari Tbk's overall GF Score™ is 4/100. 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 Rimo International Lestari Tbk (ISX:RIMO), the current Asset Turnover is 0.05 as of Sep. 2019. 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 Rimo International Lestari Tbk Business Description

Address Jalan Jenderal Sudirman Kav.27, Mayapada Tower II Lantai 22, Jakarta, IDN, 12920
PT Rimo International Lestari Tbk is involved in the property business. It seeks to develop high quality integrated townships with modern infrastructure and amenities. The group is also involved in developing a diverse range of products from affordable to premium housing in order to reach out to a wide variety of customers, whilst assisting the government to realize its aspiration in making housing more accessible to the general public. It operates in three segments Department Store, Real Estate, and Service. The portfolio of the group includes various project such as South Hills Apartment, Puncak golf and resort, Kota Olympia, Gangnam Townhouse, Puuwatu Hills, Maestro Hotel and others. Geographically the activities are carried out through Indonesia.
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