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Oman Ceramics CoOG (MUS:OMCI) Asset Turnover : 0.10 (As of Mar. 2018)


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What is Oman Ceramics 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. Oman Ceramics CoOG's Revenue for the three months ended in Mar. 2018 was ر.ع0.49 Mil. Oman Ceramics CoOG's Total Assets for the quarter that ended in Mar. 2018 was ر.ع5.01 Mil. Therefore, Oman Ceramics CoOG's Asset Turnover for the quarter that ended in Mar. 2018 was 0.10.

Asset Turnover is linked to ROE % through Du Pont Formula. Oman Ceramics CoOG's annualized ROE % for the quarter that ended in Mar. 2018 was -67.18%. It is also linked to ROA % through Du Pont Formula. Oman Ceramics CoOG's annualized ROA % for the quarter that ended in Mar. 2018 was -15.81%.


Oman Ceramics CoOG Asset Turnover Historical Data

The historical data trend for Oman Ceramics 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.

Oman Ceramics CoOG Asset Turnover Chart

Oman Ceramics CoOG 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 0.72 0.75 0.75 0.66 0.63

Oman Ceramics CoOG 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 0.18 0.17 0.14 0.14 0.10

Competitive Comparison of Oman Ceramics CoOG's Asset Turnover

For the Building Products & Equipment subindustry, Oman Ceramics 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 Ceramics CoOG's Asset Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Oman Ceramics CoOG's Asset Turnover distribution charts can be found below:

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



Oman Ceramics CoOG Asset Turnover Calculation

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

Oman Ceramics CoOG'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 )
=3.33/( (5.327+5.234)/ 2 )
=3.33/5.2805
=0.63

Oman Ceramics 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 )
=0.486/( (5.234+4.786)/ 2 )
=0.486/5.01
=0.10

* 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 Ceramics CoOG  (MUS:OMCI) Asset Turnover Explanation

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

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

ROE %**(Q: Mar. 2018 )
=Net Income/Total Stockholders Equity
=-0.792/1.179
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.792 / 1.944)*(1.944 / 5.01)*(5.01/ 1.179)
=Net Margin %*Asset Turnover*Equity Multiplier
=-40.74 %*0.388*4.2494
=ROA %*Equity Multiplier
=-15.81 %*4.2494
=-67.18 %

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

ROA %(Q: Mar. 2018 )
=Net Income/Total Assets
=-0.792/5.01
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.792 / 1.944)*(1.944 / 5.01)
=Net Margin %*Asset Turnover
=-40.74 %*0.388
=-15.81 %

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.


Oman Ceramics CoOG Asset Turnover Related Terms

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Oman Ceramics CoOG Business Description

Traded in Other Exchanges
N/A
Address
Road No .9, Sohar Industrial Estate, P.O.Box 46, Sohar, OMN, 327
Oman Ceramics Co SAOG is principally engaged in manufacturing and selling of various types of ceramic sanitary wares. The product line of the company includes water closet, wash basin, bidet, accessories, urinals, shower tray, seat covers, flushing machine, mixers, showers, shattaf, and angle valve and others. The company markets its products in various countries such as UK, USA, UAE, Saudi Arabia, Bahrain, Qatar, Kuwait, Jordan, Syria, India, Yemen and South Africa. Oman Ceramics operates through the single segment being the Manufacture of ceramic sanitary wares and related products.

Oman Ceramics CoOG Headlines

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