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Panasonic Manufacturing Philippines (PHS:PMPC) Asset Turnover : 0.42 (As of Sep. 2024)


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What is Panasonic Manufacturing Philippines Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Panasonic Manufacturing Philippines's Revenue for the three months ended in Sep. 2024 was ₱3,849 Mil. Panasonic Manufacturing Philippines's Total Assets for the quarter that ended in Sep. 2024 was ₱9,072 Mil. Therefore, Panasonic Manufacturing Philippines's Asset Turnover for the quarter that ended in Sep. 2024 was 0.42.

Asset Turnover is linked to ROE % through Du Pont Formula. Panasonic Manufacturing Philippines's annualized ROE % for the quarter that ended in Sep. 2024 was 4.47%. It is also linked to ROA % through Du Pont Formula. Panasonic Manufacturing Philippines's annualized ROA % for the quarter that ended in Sep. 2024 was 2.39%.


Panasonic Manufacturing Philippines Asset Turnover Historical Data

The historical data trend for Panasonic Manufacturing Philippines'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.

Panasonic Manufacturing Philippines Asset Turnover Chart

Panasonic Manufacturing Philippines Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.61 1.39 1.50 1.82 1.70

Panasonic Manufacturing Philippines Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.41 0.37 0.49 0.50 0.42

Competitive Comparison of Panasonic Manufacturing Philippines's Asset Turnover

For the Consumer Electronics subindustry, Panasonic Manufacturing Philippines'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.


Panasonic Manufacturing Philippines's Asset Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Panasonic Manufacturing Philippines's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Panasonic Manufacturing Philippines's Asset Turnover falls into.



Panasonic Manufacturing Philippines Asset Turnover Calculation

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

Panasonic Manufacturing Philippines's Asset Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2024 )/( (Total Assets (A: Mar. 2023 )+Total Assets (A: Mar. 2024 ))/ count )
=14251.252/( (8139.721+8654.962)/ 2 )
=14251.252/8397.3415
=1.70

Panasonic Manufacturing Philippines's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=3848.995/( (9029.88+9114.283)/ 2 )
=3848.995/9072.0815
=0.42

* 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.


Panasonic Manufacturing Philippines  (PHS:PMPC) Asset Turnover Explanation

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

Panasonic Manufacturing Philippines's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=217.12/4860.95
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(217.12 / 15395.98)*(15395.98 / 9072.0815)*(9072.0815/ 4860.95)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.41 %*1.6971*1.8663
=ROA %*Equity Multiplier
=2.39 %*1.8663
=4.47 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 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:

Panasonic Manufacturing Philippines's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=217.12/9072.0815
=(Net Income / Revenue)*(Revenue / Total Assets)
=(217.12 / 15395.98)*(15395.98 / 9072.0815)
=Net Margin %*Asset Turnover
=1.41 %*1.6971
=2.39 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 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.


Panasonic Manufacturing Philippines Asset Turnover Related Terms

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Panasonic Manufacturing Philippines Business Description

Traded in Other Exchanges
N/A
Address
Ortigas Avenue Extension, Barrio Mapandan, Barangay San Isidro, Rizal, Taytay, RIZ, PHL, 1920
Panasonic Manufacturing Philippines Corp company is a manufacturer, importer, and distributor of electronic, electrical, mechanical, and electro-mechanical appliances, and other types of machinery, parts, components, and batteries. The business of the company operates in segments that include Consumer, which sells products for the media and entertainment industry; System Solutions Group, which sells security systems and projectors; Electric Works (EW) includes lamps, ventilation fans, Panasonic Nanoe Generator (PNG), and other lighting accessories and others, which sells supermarket refrigeration products. It sells all its products under the brand name Panasonic. Its geographical segments are the Philippines, Hongkong, and Taiwan.

Panasonic Manufacturing Philippines Headlines

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