Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Oman Cement's Revenue for the
three
months ended in Sep. 2022 was ر.ع15.89 Mil. Oman Cement's Total Assets for the quarter that ended in Sep. 2022 was ر.ع203.19 Mil. Therefore, Oman Cement's Asset Turnover for the quarter that ended in Sep. 2022 was 0.08.
Asset Turnover is linked to ROE % through Du Pont Formula. Oman Cement's annualizedROE % for the quarter that ended in Sep. 2022 was 3.94%. It is also linked to ROA % through Du Pont Formula. Oman Cement's annualizedROA % for the quarter that ended in Sep. 2022 was 2.88%.
Oman Cement (MUS:OCOI) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Oman Cement's annulizedROE % for the quarter that ended in Sep. 2022 is
Note:
The Net Income data used here is four times the quarterly (Sep. 2022) net income data. The Revenue data used here is four times the quarterly (Sep. 2022) 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:
Oman Cement's annulizedROA % for the quarter that ended in Sep. 2022 is
Note:
The Net Income data used here is four times the quarterly (Sep. 2022) net income data. The Revenue data used here is four times the quarterly (Sep. 2022) 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.
Oman Cement Asset Turnover Related Terms
Oman Cement Asset Turnover Historical Data
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The historical data trend for Oman Cement'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.
For the Building Materials subindustry, Oman Cement'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.
Oman Cement Asset Turnover vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Oman Cement's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Oman Cement's Asset Turnover falls into.
* 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.
Oman Cement (MUS:OCOI) has a Asset Turnover of 0.08 as of Sep. 2022. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Oman Cement and its competitors.
Is Oman Cement's Asset Turnover too high?
Oman Cement's current Asset Turnover is 0.08. Overall, Oman Cement has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Oman Cement's Asset Turnover compare to competitors?
Oman Cement's Asset Turnover of 0.08 can be compared against companies in the Building Materials 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 Building Materials company?
A good Asset Turnover depends on the Building Materials 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 Oman Cement and its competitors. Oman Cement's current Asset Turnover is 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oman Cement stock overvalued right now?
Oman Cement (MUS:OCOI) has a current Asset Turnover of 0.08. The current Asset Turnover is 0.08. Oman Cement's overall GF Score™ is 39/100. 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 Oman Cement (MUS:OCOI), the current Asset Turnover is 0.08 as of Sep. 2022. 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.
Oman Cement Co SAOG is an Oman based company engaged in the manufacture and sale of cement and related products. Its product portfolio covers products such as Sulphate resistant Cement, Ordinary portland cement, Moderate sulphate resistant cement and Oil well cement. The company mainly operates in the geographical segment of the Sultanate of Oman and other GCC countries and generates primarily revenue through the sales of cement and its related products.
39GF Score
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