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China Green Agriculture Asset Turnover

: 0.14 (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. China Green Agriculture's Revenue for the three months ended in Sep. 2021 was $37.4 Mil. China Green Agriculture's Total Assets for the quarter that ended in Sep. 2021 was $258.8 Mil. Therefore, China Green Agriculture's Asset Turnover for the quarter that ended in Sep. 2021 was 0.14.

Asset Turnover is linked to ROE % through Du Pont Formula. China Green Agriculture's annualized ROE % for the quarter that ended in Sep. 2021 was -33.47%. It is also linked to ROA % through Du Pont Formula. China Green Agriculture's annualized ROA % for the quarter that ended in Sep. 2021 was -23.30%.


China Green Agriculture Asset Turnover Historical Data

The historical data trend for China Green Agriculture'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.

China Green Agriculture Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.64 0.61 0.61 0.56 0.76

China Green Agriculture 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 0.13 0.15 0.29 0.19 0.14

China Green Agriculture Asset Turnover Calculation

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

China Green Agriculture's Asset Turnover for the fiscal year that ended in Jun. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2021 )/( (Total Assets (A: Jun. 2020 )+Total Assets (A: Jun. 2021 ))/ count )
=231.409/( (342.128+266.729)/ 2 )
=231.409/304.4285
=0.76

China Green Agriculture'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 )
=37.381/( (266.729+250.913)/ 2 )
=37.381/258.821
=0.14

* 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.


China Green Agriculture  (NYSE:CGA) Asset Turnover Explanation

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

China Green Agriculture's annulized ROE % for the quarter that ended in Sep. 2021 is

ROE %**(Q: Sep. 2021 )
=Net Income/Total Stockholders Equity
=-60.308/180.2005
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-60.308 / 149.524)*(149.524 / 258.821)*(258.821/ 180.2005)
=Net Margin %*Asset Turnover*Equity Multiplier
=-40.33 %*0.5777*1.4363
=ROA %*Equity Multiplier
=-23.30 %*1.4363
=-33.47 %

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:

China Green Agriculture's annulized ROA % for the quarter that ended in Sep. 2021 is

ROA %(Q: Sep. 2021 )
=Net Income/Total Assets
=-60.308/258.821
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-60.308 / 149.524)*(149.524 / 258.821)
=Net Margin %*Asset Turnover
=-40.33 %*0.5777
=-23.30 %

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.


China Green Agriculture Asset Turnover Related Terms

Thank you for viewing the detailed overview of China Green Agriculture's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


China Green Agriculture Business Description

China Green Agriculture logo
Industry
Basic Materials » Agriculture NAICS : 325320 SIC : 2879
Traded in Other Exchanges
Address
South Taibai Road, 3rd Floor, Borough A, Block A. No. 181, Shaanxi Province, Xi’an, CHN, 710065
China Green Agriculture Inc is engaged in the business of fertilizer and agricultural products. It involves the research, development, production, distribution, and sale of humic acid-based compound fertilizer, blended fertilizer, organic compound fertilizer, slow-release fertilizers, concentrated water-soluble fertilizers, and mixed organic-inorganic compound fertilizer and the development, production, and distribution of agricultural products, such as top-grade fruits, vegetables, flowers and colored seedlings in China. The company operates in four segments: Fertilizer products (Jinong), Fertilizer products (Gufeng), agricultural products (Yuxing), and Sales VIEs(variable interest entities). All of its operations are conducted in China.
Executives
Shi Yiru director 1217 S CATALINA AVENUE REDONDO BEACH CA 90277
Shen Jianlei director 3RD FLOOR, BOROUGH A, BLOCK A. NO. 181 SOUTH TAIBAI ROAD XI?AN, SHAANXI PROVINCE F4 PRC 710065
Fan Ale director 3RD FLOOR, BOROUGH A, BLOCK A. NO. 181 SOUTH TAIBAI ROAD XI?AN, SHAANXI PROVINCE F4 PRC 710065
Zhang Yizhao director 45 OLD MILLSTONE DRIVE, NIT 6 EAST WINDSOR NJ 08520
Fields Robert B director 215 EAST 68TH STREET NEW YORK NY 10021
Raeburn Barry L director C/O FUSHI INTERNATIONAL INC. 1 SHUANGQIANG ROAD, JINZHOU DALIAN F4 116100
To Yinshing David 10 percent owner 45 OLD MILLSTONE DR, UNIT 6 EAST WINDSOR NJ 08520
Schwartz Sanford other: Former Officer & 10% Owner 5353 MANHATTAN CIRCLE STE 101 BOULDER CO 80303
Friess Michael other: Former Officer & 10% Owner 5353 MANHATTAN CIRCLE STE 101 BOULDER CO 80303
Venette John H director, officer: CFO & Treasurer 5353 MANHATTAN CIRCLE SUITE 101 BOULDER CO 80303
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