KUKEY (Kuke Music Holding) Asset Turnover: 0.02 (As of Dec. 2024)


What is Kuke Music Holding Asset Turnover?

Kuke Music Holding KUKEY Asset Turnover is 0.02 as of Dec. 2024.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Kuke Music Holding's Revenue for the six months ended in Dec. 2024 was $0.86 Mil. Kuke Music Holding's Total Assets for the quarter that ended in Dec. 2024 was $36.23 Mil. Therefore, Kuke Music Holding's Asset Turnover for the quarter that ended in Dec. 2024 was 0.02.

Asset Turnover is linked to ROE % through Du Pont Formula. Kuke Music Holding's annualized ROE % for the quarter that ended in Dec. 2024 was -316.14%. It is also linked to ROA % through Du Pont Formula. Kuke Music Holding's annualized ROA % for the quarter that ended in Dec. 2024 was -54.09%.

Kuke Music Holding  (OTCPK:KUKEY) Asset Turnover Explanation

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

Kuke Music Holding's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=-19.596/6.1985
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-19.596 / 1.728)*(1.728 / 36.23)*(36.23/ 6.1985)
=Net Margin %*Asset Turnover*Equity Multiplier
=-1134.03 %*0.0477*5.845
=ROA %*Equity Multiplier
=-54.09 %*5.845
=-316.14 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2024) net income data. The Revenue data used here is two times the semi-annual (Dec. 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:

Kuke Music Holding's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=-19.596/36.23
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-19.596 / 1.728)*(1.728 / 36.23)
=Net Margin %*Asset Turnover
=-1134.03 %*0.0477
=-54.09 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2024) net income data. The Revenue data used here is two times the semi-annual (Dec. 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.

Kuke Music Holding Asset Turnover Related Terms

Kuke Music Holding Asset Turnover Historical Data

* Premium members only.

The historical data trend for Kuke Music Holding'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.

Kuke Music Holding Asset Turnover Chart

Kuke Music Holding Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Asset Turnover
Get a 7-Day Free Trial 0.24 0.30 0.16 0.43 0.27

Kuke Music Holding Semi-Annual Data
Dec17 Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.24 0.18 0.24 0.02

KUKEY vs MVNC, ZNB, AERA: Asset Turnover Comparison

For the Entertainment subindustry, Kuke Music Holding'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.

Kuke Music Holding Asset Turnover vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Kuke Music Holding's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Kuke Music Holding's Asset Turnover falls into.


Kuke Music Holding Asset Turnover Calculation

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

Kuke Music Holding's Asset Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2024 )/( (Total Assets (A: Dec. 2023 )+Total Assets (A: Dec. 2024 ))/ count )
=9.466/( (34.803+35.889)/ 2 )
=9.466/35.346
=0.27

Kuke Music Holding's Asset Turnover for the quarter that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=0.864/( (36.571+35.889)/ 2 )
=0.864/36.23
=0.02

* 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 0.02 mean?
Kuke Music Holding (KUKEY) has a Asset Turnover of 0.02 as of Dec. 2024. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Kuke Music Holding and its competitors.
Is Kuke Music Holding's Asset Turnover too high?
Kuke Music Holding's current Asset Turnover is 0.02.
How does Kuke Music Holding's Asset Turnover compare to MVNC and ZNB?
Kuke Music Holding's Asset Turnover of 0.02 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Asset Turnover depends on the Media - Diversified 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 Kuke Music Holding and its competitors. Kuke Music Holding's current Asset Turnover is 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuke Music Holding stock overvalued right now?
Kuke Music Holding (KUKEY) has a current Asset Turnover of 0.02. The current Asset Turnover is 0.02. 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 Kuke Music Holding (KUKEY), the current Asset Turnover is 0.02 as of Dec. 2024. 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.

Kuke Music Holding Business Description

Address 4 San Jian Fang South Block, Building 96, Chaoyang District, Beijing, CHN, 100024
Kuke Music Holding Ltd provides classical music licensing, subscription, and education services in China. The company licenses its music content to online music entertainment platforms, such as Tencent Music Entertainment Group, digital music service providers, such as NetEase Cloud Music, as well as film and TV production companies, airlines, and smart hardware companies. Users can access the platform through the website, mobile app, and smart music devices.