Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Tongaat Hulett's Revenue for the
six
months ended in Sep. 2021 was R8,418 Mil. Tongaat Hulett's Total Assets for the quarter that ended in Sep. 2021 was R14,906 Mil. Therefore, Tongaat Hulett's Asset Turnover for the quarter that ended in Sep. 2021 was 0.57.
Asset Turnover is linked to ROE % through Du Pont Formula. Tongaat Hulett's annualizedROE % for the quarter that ended in Sep. 2021 was 49.50%. It is also linked to ROA % through Du Pont Formula. Tongaat Hulett's annualizedROA % for the quarter that ended in Sep. 2021 was -3.14%.
Note:
The Net Income data used here is two times the semi-annual (Sep. 2021) net income data. The Revenue data used here is two times the semi-annual (Sep. 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:
Tongaat Hulett's annulizedROA % for the quarter that ended in Sep. 2021 is
Note:
The Net Income data used here is two times the semi-annual (Sep. 2021) net income data. The Revenue data used here is two times the semi-annual (Sep. 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.
Tongaat Hulett Asset Turnover Related Terms
Tongaat Hulett Asset Turnover Historical Data
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The historical data trend for Tongaat Hulett'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.
JSE:TON vs MDLZ, HSY, TR: Asset Turnover Comparison
For the Confectioners subindustry, Tongaat Hulett'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.
Tongaat Hulett Asset Turnover vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Tongaat Hulett's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Tongaat Hulett's Asset Turnover falls into.
* 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.
Tongaat Hulett (JSE:TON) has a Asset Turnover of 0.57 as of Sep. 2021. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Tongaat Hulett and its competitors.
Is Tongaat Hulett's Asset Turnover too high?
Tongaat Hulett's current Asset Turnover is 0.57. Overall, Tongaat Hulett has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Tongaat Hulett's Asset Turnover compare to MDLZ and HSY?
Tongaat Hulett's Asset Turnover of 0.57 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Asset Turnover depends on the Consumer Packaged Goods 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 Tongaat Hulett and its competitors. Tongaat Hulett's current Asset Turnover is 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tongaat Hulett stock overvalued right now?
Tongaat Hulett (JSE:TON) has a current Asset Turnover of 0.57. The current Asset Turnover is 0.57. Tongaat Hulett's overall GF Score™ is 11/100. 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 Tongaat Hulett (JSE:TON), the current Asset Turnover is 0.57 as of Sep. 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.
Tongaat Hulett Ltd produces sugar and glucose in Africa. It procures its raw materials both from land it owns and from private farmers. Tongaat sells its products to customers in the foodservice industry and to consumers as branded products. Raw sugar sales make up most of the company's revenue. Its biggest markets are South Africa, Zimbabwe, and Mozambique. The company also earns revenue by converting and developing land that it owns and has used for agricultural purposes. Additionally, the by-products from its manufacturing processes create renewable energy, which the company uses to supply electricity to the grid in some instances.
11GF Score
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