United Aircraft JSC (MIC:UNAC) Asset Turnover: 0.13 (As of Jun. 2023)

What is United Aircraft JSC Asset Turnover?

United Aircraft JSC MIC:UNAC -2.56% 13 Asset Turnover is 0.13 as of Jun. 2023. GuruFocus rates MIC:UNAC with a GF Score™ of 13/100.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. United Aircraft JSC's Revenue for the six months ended in Jun. 2023 was ₽187,958 Mil. United Aircraft JSC's Total Assets for the quarter that ended in Jun. 2023 was ₽1,430,974 Mil. Therefore, United Aircraft JSC's Asset Turnover for the quarter that ended in Jun. 2023 was 0.13.

Asset Turnover is linked to ROE % through Du Pont Formula. United Aircraft JSC's annualized ROE % for the quarter that ended in Jun. 2023 was -20.57%. It is also linked to ROA % through Du Pont Formula. United Aircraft JSC's annualized ROA % for the quarter that ended in Jun. 2023 was 0.57%.

United Aircraft JSC (MIC:UNAC) Asset Turnover Explanation

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

United Aircraft JSC's annulized ROE % for the quarter that ended in Jun. 2023 is

	ROE %^**		(Q: Jun. 2023 )
=	Net Income	/	Total Stockholders Equity
=	8130	/	-39516.5
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(8130 / 375916)	*	(375916 / 1430974)	*	(1430974/ -39516.5)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	2.16 %	*	0.2627	*	-36.2121
=	ROA %	*	Equity Multiplier
=	0.57 %	*	-36.2121
=	-20.57 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2023) net income data. The Revenue data used here is two times the semi-annual (Jun. 2023) 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:

United Aircraft JSC's annulized ROA % for the quarter that ended in Jun. 2023 is

	ROA %		(Q: Jun. 2023 )
=	Net Income	/	Total Assets
=	8130	/	1430974
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(8130 / 375916)	*	(375916 / 1430974)
=	Net Margin %	*	Asset Turnover
=	2.16 %	*	0.2627
=	0.57 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2023) net income data. The Revenue data used here is two times the semi-annual (Jun. 2023) revenue data.

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.

United Aircraft JSC Asset Turnover Related Terms

United Aircraft JSC Asset Turnover Historical Data

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The historical data trend for United Aircraft JSC's Asset Turnover can be seen below:

United Aircraft JSC Asset Turnover Chart

United Aircraft JSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Asset Turnover

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0.50

0.45

0.35

0.43

United Aircraft JSC Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Asset Turnover	Get a 7-Day Free Trial															0.33	0.13	0.30	0.10	0.13

MIC:UNAC vs RTX, LMT, BA: Asset Turnover Comparison

For the Aerospace & Defense subindustry, United Aircraft JSC'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.

United Aircraft JSC Asset Turnover vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, United Aircraft JSC's Asset Turnover distribution charts can be found below:

* The bar in red indicates where United Aircraft JSC's Asset Turnover falls into.

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United Aircraft Corp JSC MIC:UNAC

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United Aircraft JSC Asset Turnover Calculation

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

United Aircraft JSC's Asset Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Dec. 2021 )	/	( (Total Assets (A: Dec. 2020 )	+	Total Assets (A: Dec. 2021 ))	/ count )
=	468185	/	( (978742	+	1186970)	/ 2 )
=	468185	/	1082856
=	0.43

United Aircraft JSC's Asset Turnover for the quarter that ended in Jun. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	187958	/	( (1229403	+	1632545)	/ 2 )
=	187958	/	1430974
=	0.13

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 0.13 mean?

United Aircraft JSC (MIC:UNAC) has a Asset Turnover of 0.13 as of Jun. 2023. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on United Aircraft JSC and its competitors.

Is United Aircraft JSC's Asset Turnover too high?

United Aircraft JSC's current Asset Turnover is 0.13. Overall, United Aircraft JSC has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.

How does United Aircraft JSC's Asset Turnover compare to RTX and LMT?

United Aircraft JSC's Asset Turnover of 0.13 can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?

A good Asset Turnover depends on the Aerospace & Defense 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 United Aircraft JSC and its competitors. United Aircraft JSC's current Asset Turnover is 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is United Aircraft JSC stock overvalued right now?

United Aircraft JSC (MIC:UNAC) has a current Asset Turnover of 0.13. The current Asset Turnover is 0.13. United Aircraft JSC's overall GF Score™ is 13/100. 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 United Aircraft JSC (MIC:UNAC), the current Asset Turnover is 0.13 as of Jun. 2023. 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.

United Aircraft JSC Business Description

Industry Industrials Aerospace & Defense

Comparable Companies MIC:IRKT MIC:RKKE MIC:VSYD MIC:KMEZ MIC:NAUK RTX LMT BA XPAR:AIR NOC GD XPAR:SAF TDG LSE:BA.LHX XPAR:HO LSE:RR.HEI.A HWM SHSE:600760

Address B. Pionerskaya street, 1, Moscow, RUS, 115054

Website https://www.uacrussia.ru

United Aircraft Corp JSC is a Russian company engaged in designing, manufacturing, selling, operation maintenance, guarantee, and service maintenance, upgrading, repairing and utilization of civil and military aircraft for Russian and foreign governments. It has three segments, Sukhoi holding, Irkut Corporation, and Other units. Sukhoi holding, which includes the development of production of military combat aircraft as well as the development of the civil aircraft programme SSJ-100. Irkut Corporation primarily includes production of military combat aircraft as well as development training military aircraft Yak-130 and civil aircraft programme MC-21. Other units include designing and manufacturing of various types of aircraft as well as repair and maintenance of existing aircraft.

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