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Dhofar Food & InvestmentOG (MUS:DFIN) Asset Turnover : 0.15 (As of Mar. 2018)


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What is Dhofar Food & InvestmentOG Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Dhofar Food & InvestmentOG's Revenue for the three months ended in Mar. 2018 was ر.ع10.34 Mil. Dhofar Food & InvestmentOG's Total Assets for the quarter that ended in Mar. 2018 was ر.ع68.13 Mil. Therefore, Dhofar Food & InvestmentOG's Asset Turnover for the quarter that ended in Mar. 2018 was 0.15.

Asset Turnover is linked to ROE % through Du Pont Formula. Dhofar Food & InvestmentOG's annualized ROE % for the quarter that ended in Mar. 2018 was -0.64%. It is also linked to ROA % through Du Pont Formula. Dhofar Food & InvestmentOG's annualized ROA % for the quarter that ended in Mar. 2018 was -0.34%.


Dhofar Food & InvestmentOG Asset Turnover Historical Data

The historical data trend for Dhofar Food & InvestmentOG'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.

Dhofar Food & InvestmentOG Asset Turnover Chart

Dhofar Food & InvestmentOG Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.50 0.48 0.63 0.63 0.64

Dhofar Food & InvestmentOG Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
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 0.15 0.18 0.17 0.15 0.15

Competitive Comparison of Dhofar Food & InvestmentOG's Asset Turnover

For the Farm Products subindustry, Dhofar Food & InvestmentOG'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.


Dhofar Food & InvestmentOG's Asset Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dhofar Food & InvestmentOG's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Dhofar Food & InvestmentOG's Asset Turnover falls into.



Dhofar Food & InvestmentOG Asset Turnover Calculation

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

Dhofar Food & InvestmentOG's Asset Turnover for the fiscal year that ended in Dec. 2017 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2017 )/( (Total Assets (A: Dec. 2016 )+Total Assets (A: Dec. 2017 ))/ count )
=44.43/( (69.854+68.078)/ 2 )
=44.43/68.966
=0.64

Dhofar Food & InvestmentOG's Asset Turnover for the quarter that ended in Mar. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2018 )/( (Total Assets (Q: Dec. 2017 )+Total Assets (Q: Mar. 2018 ))/ count )
=10.343/( (68.078+68.19)/ 2 )
=10.343/68.134
=0.15

* 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.


Dhofar Food & InvestmentOG  (MUS:DFIN) Asset Turnover Explanation

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

Dhofar Food & InvestmentOG's annulized ROE % for the quarter that ended in Mar. 2018 is

ROE %**(Q: Mar. 2018 )
=Net Income/Total Stockholders Equity
=-0.232/36.257
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.232 / 41.372)*(41.372 / 68.134)*(68.134/ 36.257)
=Net Margin %*Asset Turnover*Equity Multiplier
=-0.56 %*0.6072*1.8792
=ROA %*Equity Multiplier
=-0.34 %*1.8792
=-0.64 %

Note: The Net Income data used here is four times the quarterly (Mar. 2018) net income data. The Revenue data used here is four times the quarterly (Mar. 2018) 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:

Dhofar Food & InvestmentOG's annulized ROA % for the quarter that ended in Mar. 2018 is

ROA %(Q: Mar. 2018 )
=Net Income/Total Assets
=-0.232/68.134
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.232 / 41.372)*(41.372 / 68.134)
=Net Margin %*Asset Turnover
=-0.56 %*0.6072
=-0.34 %

Note: The Net Income data used here is four times the quarterly (Mar. 2018) net income data. The Revenue data used here is four times the quarterly (Mar. 2018) 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.


Dhofar Food & InvestmentOG Asset Turnover Related Terms

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Dhofar Food & InvestmentOG (MUS:DFIN) Business Description

Traded in Other Exchanges
N/A
Address
Feed Mill Division, P.O.Box 1220, Raysut, Salalah, OMN, 211
Dhofar Food & Investment SAOG is engaged in producing Feed. It provides reliable, traceable, proven, and sustainable, quality finished poultry and Ruminant feed with State-of-the-art feed milling technology, the finest in Oman. It used raw materials to produce feed in adequate quantities to meet round-the-year requirements. It maintains hygienic, bio-secured stock points to store raw materials and finished products. Its products include Ruminant and Poultry Feeds.