MOOV (Moove Lubricants Holdings) Asset Turnover: 0.58 (As of Jun. 2024)


What is Moove Lubricants Holdings Asset Turnover?

Moove Lubricants Holdings MOOV Asset Turnover is 0.58 as of Jun. 2024.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Moove Lubricants Holdings's Revenue for the six months ended in Jun. 2024 was $932.92 Mil. Moove Lubricants Holdings's Total Assets for the quarter that ended in Jun. 2024 was $1,623.11 Mil. Therefore, Moove Lubricants Holdings's Asset Turnover for the quarter that ended in Jun. 2024 was 0.58.

Asset Turnover is linked to ROE % through Du Pont Formula. Moove Lubricants Holdings's annualized ROE % for the quarter that ended in Jun. 2024 was 22.56%. It is also linked to ROA % through Du Pont Formula. Moove Lubricants Holdings's annualized ROA % for the quarter that ended in Jun. 2024 was 5.43%.

Moove Lubricants Holdings  (NYSE:MOOV) Asset Turnover Explanation

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

Moove Lubricants Holdings's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=88.21/390.995
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(88.21 / 1865.842)*(1865.842 / 1623.113)*(1623.113/ 390.995)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.73 %*1.1495*4.1512
=ROA %*Equity Multiplier
=5.43 %*4.1512
=22.56 %

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

Moove Lubricants Holdings's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=88.21/1623.113
=(Net Income / Revenue)*(Revenue / Total Assets)
=(88.21 / 1865.842)*(1865.842 / 1623.113)
=Net Margin %*Asset Turnover
=4.73 %*1.1495
=5.43 %

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

Moove Lubricants Holdings Asset Turnover Related Terms

Moove Lubricants Holdings Asset Turnover Historical Data

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The historical data trend for Moove Lubricants 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.

Moove Lubricants Holdings Asset Turnover Chart

Moove Lubricants Holdings Annual Data
Trend Dec21 Dec22 Dec23
Asset Turnover
0.00 1.00 1.24

Moove Lubricants Holdings Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24
Asset Turnover 0.00 0.00 0.62 0.63 0.58

MOOV vs : Asset Turnover Comparison

For the Specialty Chemicals subindustry, Moove Lubricants 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.

Moove Lubricants Holdings Asset Turnover vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Moove Lubricants Holdings's Asset Turnover distribution charts can be found below:

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


Moove Lubricants Holdings Asset Turnover Calculation

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

Moove Lubricants Holdings's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=2056.038/( (1696.926+1607.737)/ 2 )
=2056.038/1652.3315
=1.24

Moove Lubricants Holdings's Asset Turnover for the quarter that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=932.921/( (1607.737+1638.489)/ 2 )
=932.921/1623.113
=0.57

* 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 0.58 mean?
Moove Lubricants Holdings (MOOV) has a Asset Turnover of 0.58 as of Jun. 2024. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Moove Lubricants Holdings and its competitors.
Is Moove Lubricants Holdings' Asset Turnover too high?
Moove Lubricants Holdings' current Asset Turnover is 0.58.
How does Moove Lubricants Holdings' Asset Turnover compare to ?
Moove Lubricants Holdings' Asset Turnover of 0.58 can be compared against companies in the Chemicals 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 Chemicals company?
A good Asset Turnover depends on the Chemicals 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 Moove Lubricants Holdings and its competitors. Moove Lubricants Holdings's current Asset Turnover is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moove Lubricants Holdings stock overvalued right now?
Moove Lubricants Holdings (MOOV) has a current Asset Turnover of 0.58. The current Asset Turnover is 0.58. 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 Moove Lubricants Holdings (MOOV), the current Asset Turnover is 0.58 as of Jun. 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.

Moove Lubricants Holdings Business Description

Comparable Companies
Address Av. Brigadeiro Faria Lima, 4,100 - 8th Floor, Sao Paul, SP, BRA, 04538-132
Moove Lubricants Holdings is a lubricants solutions provider. The company specializes in the formulation, manufacturing, distribution, marketing, selling and servicing of lubricant products across a diverse range of end markets and customers.