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Bilibili Asset Turnover

: 0.12 (As of Sep. 2021)
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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Bilibili's Revenue for the three months ended in Sep. 2021 was $806 Mil. Bilibili's Total Assets for the quarter that ended in Sep. 2021 was $6,658 Mil. Therefore, Bilibili's Asset Turnover for the quarter that ended in Sep. 2021 was 0.12.

Asset Turnover is linked to ROE % through Du Pont Formula. Bilibili's annualized ROE % for the quarter that ended in Sep. 2021 was -43.80%. It is also linked to ROA % through Du Pont Formula. Bilibili's annualized ROA % for the quarter that ended in Sep. 2021 was -24.91%.


Bilibili Asset Turnover Historical Data

The historical data trend for Bilibili'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.

Bilibili Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Asset Turnover
Premium Member Only 0.31 0.89 0.59 0.52 0.63

Bilibili Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Asset Turnover 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 Premium Member Only Premium Member Only Premium Member Only 0.14 0.16 0.12 0.11 0.12

Bilibili Asset Turnover Calculation

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

Bilibili's Asset Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2020 )/( (Total Assets (A: Dec. 2019 )+Total Assets (A: Dec. 2020 ))/ count )
=1834.9022066582/( (2212.3225972026+3649.5661615158)/ 2 )
=1834.9022066582/2930.9443793592
=0.63

Bilibili's Asset Turnover for the quarter that ended in Sep. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2021 )/( (Total Assets (Q: Jun. 2021 )+Total Assets (Q: Sep. 2021 ))/ count )
=806.4330963555/( (6738.2446692607+6577.6189148584)/ 2 )
=806.4330963555/6657.9317920595
=0.12

* 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.


Bilibili  (NAS:BILI) Asset Turnover Explanation

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

Bilibili's annulized ROE % for the quarter that ended in Sep. 2021 is

ROE %**(Q: Sep. 2021 )
=Net Income/Total Stockholders Equity
=-1658.5852578102/3786.9043055391
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1658.5852578102 / 3225.732385422)*(3225.732385422 / 6657.9317920595)*(6657.9317920595/ 3786.9043055391)
=Net Margin %*Asset Turnover*Equity Multiplier
=-51.42 %*0.4845*1.7581
=ROA %*Equity Multiplier
=-24.91 %*1.7581
=-43.80 %

Note: The Net Income data used here is four times the quarterly (Sep. 2021) net income data. The Revenue data used here is four times the quarterly (Sep. 2021) 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:

Bilibili's annulized ROA % for the quarter that ended in Sep. 2021 is

ROA %(Q: Sep. 2021 )
=Net Income/Total Assets
=-1658.5852578102/6657.9317920595
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1658.5852578102 / 3225.732385422)*(3225.732385422 / 6657.9317920595)
=Net Margin %*Asset Turnover
=-51.42 %*0.4845
=-24.91 %

Note: The Net Income data used here is four times the quarterly (Sep. 2021) net income data. The Revenue data used here is four times the quarterly (Sep. 2021) 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.


Bilibili Asset Turnover Related Terms

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Bilibili Business Description

Bilibili logo
Industry
Address
No. 485 Zhengli Road, Building 3, Guozheng Center, Yangpu District, Shanghai, CHN, 200433
Bilibili Inc is a full-spectrum online entertainment company. It operates as a video sharing Website that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Its theme features include animation, comic, and game, where users can submit, view, and add commentary subtitles on videos. Geographically, the company is based in China and it generates revenues from mobile games, e-commerce, live broadcasting, and online advertising.

Bilibili Headlines

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