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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. Namliong SkyCosmos's Revenue for the three months ended in Mar. 2024 was $0.00 Mil. Namliong SkyCosmos's Total Assets for the quarter that ended in Mar. 2024 was $0.01 Mil. Therefore, Namliong SkyCosmos's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.
Asset Turnover is linked to ROE % through Du Pont Formula. Namliong SkyCosmos's annualized ROE % for the quarter that ended in Mar. 2024 was 26.08%. It is also linked to ROA % through Du Pont Formula. Namliong SkyCosmos's annualized ROA % for the quarter that ended in Mar. 2024 was -4,243.48%.
The historical data trend for Namliong SkyCosmos'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.
Namliong SkyCosmos Annual Data | |||||||||||||||||||||
Trend | Sep06 | Dec07 | Dec08 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
Namliong SkyCosmos Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Asset Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
For the Shell Companies subindustry, Namliong SkyCosmos'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.
For the Diversified Financial Services industry and Financial Services sector, Namliong SkyCosmos's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Namliong SkyCosmos's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Namliong SkyCosmos's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Dec. 2023 ) | / | ( (Total Assets (A: Dec. 2022 ) | + | Total Assets (A: Dec. 2023 )) | / count ) |
= | 0 | / | ( (0 | + | 0.013) | / 1 ) |
= | 0 | / | 0.013 | |||
= | 0.00 |
Namliong SkyCosmos's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Mar. 2024 ) | / | ( (Total Assets (Q: Dec. 2023 ) | + | Total Assets (Q: Mar. 2024 )) | / count ) |
= | 0 | / | ( (0.013 | + | 0.01) | / 2 ) |
= | 0 | / | 0.0115 | |||
= | 0.00 |
* 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.
Namliong SkyCosmos (OTCPK:NLSC) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Namliong SkyCosmos's annulized ROE % for the quarter that ended in Mar. 2024 is
ROE %** | (Q: Mar. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -0.488 | / | -1.871 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-0.488 / 0) | * | (0 / 0.0115) | * | (0.0115/ -1.871) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | % | * | 0 | * | -0.0061 |
= | ROA % | * | Equity Multiplier | ||
= | -4,243.48 % | * | -0.0061 | ||
= | 26.08 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 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:
Namliong SkyCosmos's annulized ROA % for the quarter that ended in Mar. 2024 is
ROA % | (Q: Mar. 2024 ) | ||
= | Net Income | / | Total Assets |
= | -0.488 | / | 0.0115 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-0.488 / 0) | * | (0 / 0.0115) |
= | Net Margin % | * | Asset Turnover |
= | % | * | 0 |
= | -4,243.48 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 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.
Thank you for viewing the detailed overview of Namliong SkyCosmos's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Cheng-hsing Hsu | director, 10 percent owner, officer: Chief Financial Officer | NO. 97, YUNONG 3 ST.,, EASTERN DIST., TAINAN F5 701 |
Chung-pin Hsiao | director, officer: Chief Executive Officer | C/O KREIDO BIOFUELS, UNIT 1010-15,10F, TOWER B, 14 SCIENCE MUSEUM ROAD, TSIM SHA TSUI EAST K3 84109 |
Yu-chiao Hsiao | director, officer: Secretary | C/O KREIDO BIOFUELS, UNIT 1010-15,10F, TOWER B, 14 SCIENCE MUSEUM ROAD, TSIM SHA TSUI EAST K3 84109 |
Orient Express & Co., Ltd. | 10 percent owner | PO BOX 217, OFFSHORE CHAMBERS, APIA Y0 00000 |
Wai Lim Wong | director, officer: CEO, CFO and Secretary | 22A-3 JELON METRO PUDU, FRASER BUSINESS PARK, KUALA LUMPUR N8 55100 |
Chun Ju Dou | 10 percent owner | FLAT F, 11/F, POWER INDUSTRIAL BUILDING, 9-15 WO HEUNG ST., FO TAN, SHA TIN K3 00000 |
Chao Zhang | 10 percent owner | FLAT F, 11/F, POWER INDUSTRIAL BUILDING, 9-15 WO HEUNG ST., FO TAN, SHA TIN K3 00000 |
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