Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Dhofar Generating CoOG's Revenue for the
three
months ended in Dec. 2023 was ر.ع12.21 Mil. Dhofar Generating CoOG's Total Assets for the quarter that ended in Dec. 2023 was ر.ع199.12 Mil. Therefore, Dhofar Generating CoOG's Asset Turnover for the quarter that ended in Dec. 2023 was 0.06.
Asset Turnover is linked to ROE % through Du Pont Formula. Dhofar Generating CoOG's annualizedROE % for the quarter that ended in Dec. 2023 was 0.38%. It is also linked to ROA % through Du Pont Formula. Dhofar Generating CoOG's annualizedROA % for the quarter that ended in Dec. 2023 was 0.10%.
Dhofar Generating CoOG Asset Turnover Historical Data
The historical data trend for Dhofar Generating CoOG'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.
Competitive Comparison of Dhofar Generating CoOG's Asset Turnover
For the Utilities - Independent Power Producers subindustry, Dhofar Generating CoOG'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 Generating CoOG's Asset Turnover Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Dhofar Generating CoOG's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Dhofar Generating CoOG's Asset Turnover falls into.
Dhofar Generating CoOG Asset Turnover Calculation
Asset Turnover measures how quickly a company turns over its asset through sales.
Dhofar Generating CoOG's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 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:
Dhofar Generating CoOG's annulizedROA % for the quarter that ended in Dec. 2023 is
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 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.
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 Generating CoOG Asset Turnover Related Terms
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Dhofar Generating CoOG (MUS:DGEN) Business Description
Dhofar Generating Co SAOG owns and operates the Salalah II IPP project. The principal activities of the Company are to develop, finance, design, construct, operate, maintain, insure power generating station and other relevant infrastructure. The project comprises two power generation plants located at Raysut in the Dhofar Governorate of the Sultanate of Oman.
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