PSV Holdings (JSE:PSV) Asset Turnover: 0.81 (As of Aug. 2019)


What is PSV Holdings Asset Turnover?

PSV Holdings JSE:PSV Asset Turnover is 0.81 as of Aug. 2019.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. PSV Holdings's Revenue for the six months ended in Aug. 2019 was R84.4 Mil. PSV Holdings's Total Assets for the quarter that ended in Aug. 2019 was R104.3 Mil. Therefore, PSV Holdings's Asset Turnover for the quarter that ended in Aug. 2019 was 0.81.

Asset Turnover is linked to ROE % through Du Pont Formula. PSV Holdings's annualized ROE % for the quarter that ended in Aug. 2019 was -66.82%. It is also linked to ROA % through Du Pont Formula. PSV Holdings's annualized ROA % for the quarter that ended in Aug. 2019 was -14.85%.

PSV Holdings  (JSE:PSV) Asset Turnover Explanation

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

PSV Holdings's annulized ROE % for the quarter that ended in Aug. 2019 is

ROE %**(Q: Aug. 2019 )
=Net Income/Total Stockholders Equity
=-15.492/23.183
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-15.492 / 168.758)*(168.758 / 104.3475)*(104.3475/ 23.183)
=Net Margin %*Asset Turnover*Equity Multiplier
=-9.18 %*1.6173*4.501
=ROA %*Equity Multiplier
=-14.85 %*4.501
=-66.82 %

Note: The Net Income data used here is two times the semi-annual (Aug. 2019) net income data. The Revenue data used here is two times the semi-annual (Aug. 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:

PSV Holdings's annulized ROA % for the quarter that ended in Aug. 2019 is

ROA %(Q: Aug. 2019 )
=Net Income/Total Assets
=-15.492/104.3475
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-15.492 / 168.758)*(168.758 / 104.3475)
=Net Margin %*Asset Turnover
=-9.18 %*1.6173
=-14.85 %

Note: The Net Income data used here is two times the semi-annual (Aug. 2019) net income data. The Revenue data used here is two times the semi-annual (Aug. 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.

PSV Holdings Asset Turnover Related Terms

PSV Holdings Asset Turnover Historical Data

* Premium members only.

The historical data trend for PSV Holdings'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.

PSV Holdings Asset Turnover Chart

PSV Holdings Annual Data
Trend Feb10 Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.34 1.75 1.54 1.40 2.03

PSV Holdings Semi-Annual Data
Feb10 Aug10 Feb11 Aug11 Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19
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 0.73 0.79 0.96 1.06 0.81

JSE:PSV vs HON, MMM, GE: Asset Turnover Comparison

For the Specialty Industrial Machinery subindustry, PSV Holdings'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.

PSV Holdings Asset Turnover vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, PSV Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where PSV Holdings's Asset Turnover falls into.


PSV Holdings Asset Turnover Calculation

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

PSV Holdings's Asset Turnover for the fiscal year that ended in Feb. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Feb. 2019 )/( (Total Assets (A: Feb. 2018 )+Total Assets (A: Feb. 2019 ))/ count )
=237.533/( (131.268+103.104)/ 2 )
=237.533/117.186
=2.03

PSV Holdings's Asset Turnover for the quarter that ended in Aug. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Aug. 2019 )/( (Total Assets (Q: Feb. 2019 )+Total Assets (Q: Aug. 2019 ))/ count )
=84.379/( (103.104+105.591)/ 2 )
=84.379/104.3475
=0.81

* 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 0.81 mean?
PSV Holdings (JSE:PSV) has a Asset Turnover of 0.81 as of Aug. 2019. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on PSV Holdings and its competitors.
Is PSV Holdings' Asset Turnover too high?
PSV Holdings' current Asset Turnover is 0.81.
How does PSV Holdings' Asset Turnover compare to HON and MMM?
PSV Holdings' Asset Turnover of 0.81 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Asset Turnover depends on the Industrial Products 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 PSV Holdings and its competitors. PSV Holdings's current Asset Turnover is 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PSV Holdings stock overvalued right now?
PSV Holdings (JSE:PSV) has a current Asset Turnover of 0.81. The current Asset Turnover is 0.81. 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 PSV Holdings (JSE:PSV), the current Asset Turnover is 0.81 as of Aug. 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.

PSV Holdings Business Description

Address Corner of Serenade & North Reef Roads, Henville Ext. Elandsfontein Rail, Germiston, ZAF, 1429
PSV Holdings Ltd is an industrial engineering holding company. It is engaged in providing steel, stainless steel, industrial supplies, specialized control valves, engineering linings, cryogenic equipment and storage tankers and also provides technology to the mining, water, wastewater management, health care, infrastructure and manufacturing sectors in South Africa and Africa. The company operates in two segments namely Industrial Supplies that includes steel, piping, industrial tools and consumable supplies and others; and Specialized Services that includes comprehensive cryogenic and gas systems. It derives key revenue from the Industrial supplies segment. Geographically, the group has operations in South Africa and other countries.