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Gulf Mushroom Products CoOG (MUS:GMPI) Asset Turnover : 0.17 (As of Dec. 2024)


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What is Gulf Mushroom Products CoOG Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Gulf Mushroom Products CoOG's Revenue for the three months ended in Dec. 2024 was ر.ع3.09 Mil. Gulf Mushroom Products CoOG's Total Assets for the quarter that ended in Dec. 2024 was ر.ع18.34 Mil. Therefore, Gulf Mushroom Products CoOG's Asset Turnover for the quarter that ended in Dec. 2024 was 0.17.

Asset Turnover is linked to ROE % through Du Pont Formula. Gulf Mushroom Products CoOG's annualized ROE % for the quarter that ended in Dec. 2024 was 18.15%. It is also linked to ROA % through Du Pont Formula. Gulf Mushroom Products CoOG's annualized ROA % for the quarter that ended in Dec. 2024 was 11.04%.


Gulf Mushroom Products CoOG Asset Turnover Historical Data

The historical data trend for Gulf Mushroom Products 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.

* Premium members only.

Gulf Mushroom Products CoOG Asset Turnover Chart

Gulf Mushroom Products CoOG Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec22 Dec23 Dec24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.44 0.58 0.57 0.62

Gulf Mushroom Products CoOG Quarterly Data
Jun18 Sep18 Jun19 Sep19 Jun20 Sep20 Mar21 Jun21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24 Sep24 Dec24
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 0.14 0.15 - 0.14 0.17

Competitive Comparison of Gulf Mushroom Products CoOG's Asset Turnover

For the Farm Products subindustry, Gulf Mushroom Products 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.


Gulf Mushroom Products CoOG's Asset Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Gulf Mushroom Products CoOG's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Gulf Mushroom Products CoOG's Asset Turnover falls into.


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Gulf Mushroom Products CoOG Asset Turnover Calculation

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

Gulf Mushroom Products CoOG's Asset Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2024 )/( (Total Assets (A: Dec. 2023 )+Total Assets (A: Dec. 2024 ))/ count )
=11.346/( (17.991+18.458)/ 2 )
=11.346/18.2245
=0.62

Gulf Mushroom Products CoOG's Asset Turnover for the quarter that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=3.089/( (18.214+18.458)/ 2 )
=3.089/18.336
=0.17

* 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.


Gulf Mushroom Products CoOG  (MUS:GMPI) Asset Turnover Explanation

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

Gulf Mushroom Products CoOG's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=2.024/11.149
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2.024 / 12.356)*(12.356 / 18.336)*(18.336/ 11.149)
=Net Margin %*Asset Turnover*Equity Multiplier
=16.38 %*0.6739*1.6446
=ROA %*Equity Multiplier
=11.04 %*1.6446
=18.15 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 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:

Gulf Mushroom Products CoOG's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=2.024/18.336
=(Net Income / Revenue)*(Revenue / Total Assets)
=(2.024 / 12.356)*(12.356 / 18.336)
=Net Margin %*Asset Turnover
=16.38 %*0.6739
=11.04 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 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.


Gulf Mushroom Products CoOG Asset Turnover Related Terms

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Gulf Mushroom Products CoOG Business Description

Traded in Other Exchanges
N/A
Address
Post Box 383, Barka, OMN, 320
Gulf Mushroom Products Co SAOG is engaged in the cultivation, processing, and marketing of mushrooms. The company's products are marketed under the name Gulf Fresh and include fresh white mushrooms, baby mushrooms, giant fresh mushrooms, brown mushrooms, and portabella mushroom. It markets through a network of distributors located in the Middle East markets, such as Dubai, Qatar, Bahrain, Kuwait and Saudi Arabia.

Gulf Mushroom Products CoOG Headlines

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