Oman Fisheries CoOG (MUS:OFCI) Asset Turnover: 0.31 (As of Mar. 2018)

What is Oman Fisheries CoOG Asset Turnover?

Oman Fisheries CoOG MUS:OFCI +4.35% Asset Turnover is 0.31 as of Mar. 2018.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Oman Fisheries CoOG's Revenue for the three months ended in Mar. 2018 was ر.ع5.74 Mil. Oman Fisheries CoOG's Total Assets for the quarter that ended in Mar. 2018 was ر.ع18.40 Mil. Therefore, Oman Fisheries CoOG's Asset Turnover for the quarter that ended in Mar. 2018 was 0.31.

Asset Turnover is linked to ROE % through Du Pont Formula. Oman Fisheries CoOG's annualized ROE % for the quarter that ended in Mar. 2018 was 1.78%. It is also linked to ROA % through Du Pont Formula. Oman Fisheries CoOG's annualized ROA % for the quarter that ended in Mar. 2018 was 1.41%.

Oman Fisheries CoOG (MUS:OFCI) Asset Turnover Explanation

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

Oman Fisheries CoOG's annulized ROE % for the quarter that ended in Mar. 2018 is

	ROE %^**		(Q: Mar. 2018 )
=	Net Income	/	Total Stockholders Equity
=	0.26	/	14.637
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(0.26 / 22.968)	*	(22.968 / 18.4045)	*	(18.4045/ 14.637)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	1.13 %	*	1.248	*	1.2574
=	ROA %	*	Equity Multiplier
=	1.41 %	*	1.2574
=	1.78 %

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:

Oman Fisheries CoOG's annulized ROA % for the quarter that ended in Mar. 2018 is

	ROA %		(Q: Mar. 2018 )
=	Net Income	/	Total Assets
=	0.26	/	18.4045
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(0.26 / 22.968)	*	(22.968 / 18.4045)
=	Net Margin %	*	Asset Turnover
=	1.13 %	*	1.248
=	1.41 %

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.

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 Fisheries CoOG Asset Turnover Related Terms

Oman Fisheries CoOG Asset Turnover Historical Data

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The historical data trend for Oman Fisheries CoOG's Asset Turnover can be seen below:

Oman Fisheries CoOG Asset Turnover Chart

Oman Fisheries CoOG Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Asset Turnover

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1.33

1.04

1.25

1.39

1.61

Oman Fisheries CoOG Quarterly Data
	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Dec18
Asset Turnover	Get a 7-Day Free Trial															0.21	0.32	0.44	0.31	0.00

MUS:OFCI vs PLAG, MMMB, OPCO: Asset Turnover Comparison

For the Packaged Foods subindustry, Oman Fisheries 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.

Oman Fisheries CoOG Asset Turnover vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Oman Fisheries CoOG's Asset Turnover falls into.

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Oman Fisheries CoOG Asset Turnover Calculation

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

Oman Fisheries CoOG's Asset Turnover for the fiscal year that ended in Mar. 2017 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Mar. 2017 )	/	( (Total Assets (A: Mar. 2016 )	+	Total Assets (A: Mar. 2017 ))	/ count )
=	28.335	/	( (17.362	+	17.793)	/ 2 )
=	28.335	/	17.5775
=	1.61

Oman Fisheries CoOG'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 )
=	5.742	/	( (19.411	+	17.398)	/ 2 )
=	5.742	/	18.4045
=	0.31

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 0.31 mean?

Oman Fisheries CoOG (MUS:OFCI) has a Asset Turnover of 0.31 as of Mar. 2018. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Oman Fisheries CoOG and its competitors.

Is Oman Fisheries CoOG's Asset Turnover too high?

Oman Fisheries CoOG's current Asset Turnover is 0.31.

How does Oman Fisheries CoOG's Asset Turnover compare to PLAG and MMMB?

Oman Fisheries CoOG's Asset Turnover of 0.31 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?

A good Asset Turnover depends on the Consumer Packaged Goods 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 Fisheries CoOG and its competitors. Oman Fisheries CoOG's current Asset Turnover is 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Oman Fisheries CoOG stock overvalued right now?

Oman Fisheries CoOG (MUS:OFCI) has a current Asset Turnover of 0.31. The current Asset Turnover is 0.31. 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 Fisheries CoOG (MUS:OFCI), the current Asset Turnover is 0.31 as of Mar. 2018. 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 Fisheries CoOG Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies XCNQ:GABY TSE:2813 XKLS:0180 NSE:GOKULAGRO BAH:BFM PLAG BAH:POLTRY MMMB BOM:519295 XKRX:267060 XKRX:025870 BOM:531882 OPCO COL:LMF.N0000 DHA:FUWANGFOOD HKSE:01340 BUE:INTR HKSE:01695 XCNQ:KBEV BOM:532143

Address Ruwi, P.O Box 2900, Muscat, OMN, 112

Website https://www.omanfisheries.com

Oman Fisheries Co SAOG is a fishing company. The company is engaged in the procurement, processing, and sale of fresh, frozen and coated fish, fishing and the sale of fishing rights. It offers the widest range of seafood including demersal and pelagic, tuna, cephalopods, crustaceans, fresh fish and breaded seafood products. It also provides storage and logistics services. It generates the majority of the revenue from Far East countries.