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Galaxy Entertainment Group Asset Turnover

: 0.12 (As of Jun. 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. Galaxy Entertainment Group's Revenue for the six months ended in Jun. 2021 was $1,373 Mil. Galaxy Entertainment Group's Total Assets for the quarter that ended in Jun. 2021 was $11,895 Mil. Therefore, Galaxy Entertainment Group's Asset Turnover for the quarter that ended in Jun. 2021 was 0.12.

Asset Turnover is linked to ROE % through Du Pont Formula. Galaxy Entertainment Group's annualized ROE % for the quarter that ended in Jun. 2021 was 2.77%. It is also linked to ROA % through Du Pont Formula. Galaxy Entertainment Group's annualized ROA % for the quarter that ended in Jun. 2021 was 2.05%.


Galaxy Entertainment Group Asset Turnover Historical Data

The historical data trend for Galaxy Entertainment Group'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.

Galaxy Entertainment Group Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.87 0.65 0.65 0.57 0.14

Galaxy Entertainment Group Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
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 0.29 0.27 0.07 0.07 0.12

Galaxy Entertainment Group Asset Turnover Calculation

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

Galaxy Entertainment Group'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 )
=1661.0249100221/( (12261.665961945+11961.813103884)/ 2 )
=1661.0249100221/12111.739532915
=0.14

Galaxy Entertainment Group's Asset Turnover for the quarter that ended in Jun. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2021 )/( (Total Assets (Q: Dec. 2020 )+Total Assets (Q: Jun. 2021 ))/ count )
=1373.4848035868/( (11961.813103884+11828.11110968)/ 2 )
=1373.4848035868/11894.962106782
=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.


Galaxy Entertainment Group  (OTCPK:GXYYY) Asset Turnover Explanation

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

Galaxy Entertainment Group's annulized ROE % for the quarter that ended in Jun. 2021 is

ROE %**(Q: Jun. 2021 )
=Net Income/Total Stockholders Equity
=244.0529780847/8813.2292256596
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(244.0529780847 / 2746.9696071737)*(2746.9696071737 / 11894.962106782)*(11894.962106782/ 8813.2292256596)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.88 %*0.2309*1.3497
=ROA %*Equity Multiplier
=2.05 %*1.3497
=2.77 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2021) net income data. The Revenue data used here is two times the semi-annual (Jun. 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:

Galaxy Entertainment Group's annulized ROA % for the quarter that ended in Jun. 2021 is

ROA %(Q: Jun. 2021 )
=Net Income/Total Assets
=244.0529780847/11894.962106782
=(Net Income / Revenue)*(Revenue / Total Assets)
=(244.0529780847 / 2746.9696071737)*(2746.9696071737 / 11894.962106782)
=Net Margin %*Asset Turnover
=8.88 %*0.2309
=2.05 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2021) net income data. The Revenue data used here is two times the semi-annual (Jun. 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.


Galaxy Entertainment Group Asset Turnover Related Terms

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Galaxy Entertainment Group Business Description

Galaxy Entertainment Group logo
Industry
Traded in Other Exchanges
Address
111 Connaught Road Central, 22nd Floor, Wing On Centre, Hong Kong, HKG
Galaxy Entertainment is one of six casino license holders in Macao. Its major properties include Starworld casino in the Macao Peninsula and Galaxy Macau phases 1 and 2 in Cotai, with a hotel room inventory of approximately 4,300.
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