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Martin Currie Asia Unconstrained Trust (LSE:MCP) Asset Turnover : 0.01 (As of Mar. 2019)


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What is Martin Currie Asia Unconstrained Trust Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Martin Currie Asia Unconstrained Trust's Revenue for the six months ended in Mar. 2019 was £1.12 Mil. Martin Currie Asia Unconstrained Trust's Total Assets for the quarter that ended in Mar. 2019 was £160.40 Mil. Therefore, Martin Currie Asia Unconstrained Trust's Asset Turnover for the quarter that ended in Mar. 2019 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Martin Currie Asia Unconstrained Trust's annualized ROE % for the quarter that ended in Mar. 2019 was 0.72%. It is also linked to ROA % through Du Pont Formula. Martin Currie Asia Unconstrained Trust's annualized ROA % for the quarter that ended in Mar. 2019 was 0.69%.


Martin Currie Asia Unconstrained Trust Asset Turnover Historical Data

The historical data trend for Martin Currie Asia Unconstrained Trust'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.

* Premium members only.

Martin Currie Asia Unconstrained Trust Asset Turnover Chart

Martin Currie Asia Unconstrained Trust Annual Data
Trend Feb09 Feb10 Feb11 Feb12 Feb13 Mar15 Mar16 Mar17 Mar18 Mar19
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 -0.08 0.28 0.07 0.03

Martin Currie Asia Unconstrained Trust Semi-Annual Data
Feb09 Aug09 Feb10 Aug10 Feb11 Aug11 Feb12 Aug12 Feb13 Aug13 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19
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 0.09 0.04 0.03 0.02 0.01

Competitive Comparison of Martin Currie Asia Unconstrained Trust's Asset Turnover

For the Asset Management subindustry, Martin Currie Asia Unconstrained Trust'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.


Martin Currie Asia Unconstrained Trust's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Martin Currie Asia Unconstrained Trust's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Martin Currie Asia Unconstrained Trust's Asset Turnover falls into.



Martin Currie Asia Unconstrained Trust Asset Turnover Calculation

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

Martin Currie Asia Unconstrained Trust's Asset Turnover for the fiscal year that ended in Mar. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2019 )/( (Total Assets (A: Mar. 2018 )+Total Assets (A: Mar. 2019 ))/ count )
=4.524/( (163.602+159.299)/ 2 )
=4.524/161.4505
=0.03

Martin Currie Asia Unconstrained Trust's Asset Turnover for the quarter that ended in Mar. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2019 )/( (Total Assets (Q: Sep. 2018 )+Total Assets (Q: Mar. 2019 ))/ count )
=1.121/( (161.497+159.299)/ 2 )
=1.121/160.398
=0.01

* 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.


Martin Currie Asia Unconstrained Trust  (LSE:MCP) Asset Turnover Explanation

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

Martin Currie Asia Unconstrained Trust's annulized ROE % for the quarter that ended in Mar. 2019 is

ROE %**(Q: Mar. 2019 )
=Net Income/Total Stockholders Equity
=1.112/154.7855
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1.112 / 2.242)*(2.242 / 160.398)*(160.398/ 154.7855)
=Net Margin %*Asset Turnover*Equity Multiplier
=49.6 %*0.014*1.0363
=ROA %*Equity Multiplier
=0.69 %*1.0363
=0.72 %

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

Martin Currie Asia Unconstrained Trust's annulized ROA % for the quarter that ended in Mar. 2019 is

ROA %(Q: Mar. 2019 )
=Net Income/Total Assets
=1.112/160.398
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1.112 / 2.242)*(2.242 / 160.398)
=Net Margin %*Asset Turnover
=49.6 %*0.014
=0.69 %

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


Martin Currie Asia Unconstrained Trust Asset Turnover Related Terms

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Martin Currie Asia Unconstrained Trust (LSE:MCP) Business Description

Traded in Other Exchanges
N/A
Address
Saltire Court, 20 Castle Terrace, Edinburgh, GBR, EH1 2ES
Martin Currie Asia Unconstrained Trust PLC is an UK-based closed-end investment trust which invests in a diversified portfolio of investments. Its objective is to achieve returns commensurate with Asia ex-Japan nominal GDP growth. The company focuses on investing no more than 10% of the company's total asset value to be invested in any one company; no more than 10% of the issued shares of any class of equity security of an issuer to be held; no more than 15% of the company's assets in the shares and securities of any one company at any time and no more than 5% of the company's NAV to be invested in Martin Currie associated funds. The company may use gearing to enhance the return for shareholders.

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