Asset Turnover is linked to ROE % through Du Pont Formula. Kwong Lung Enterprise Co's annualizedROE % for the quarter that ended in Dec. 2024 was 5.20%. It is also linked to ROA % through Du Pont Formula. Kwong Lung Enterprise Co's annualizedROA % for the quarter that ended in Dec. 2024 was 3.02%.
Kwong Lung Enterprise Co Asset Turnover Historical 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.
Competitive Comparison of Kwong Lung Enterprise Co's Asset Turnover
For the Textile Manufacturing subindustry, Kwong Lung Enterprise Co'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.
Kwong Lung Enterprise Co's Asset Turnover Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kwong Lung Enterprise Co's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Kwong Lung Enterprise Co's Asset Turnover falls into.
* 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.
Kwong Lung Enterprise Co (ROCO:8916) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Kwong Lung Enterprise Co's annulizedROE % for the quarter that ended in Dec. 2024 is
Note:
The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 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:
Kwong Lung Enterprise Co's annulizedROA % for the quarter that ended in Dec. 2024 is
Note:
The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 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.
Kwong Lung Enterprise Co Asset Turnover Related Terms
Thank you for viewing the detailed overview of Kwong Lung Enterprise Co's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Kwong Lung Enterprise Co Ltd is engaged in manufacturing down feathers, bedding, garments, and sports jackets. The company products and services include Downing, Garment, Home Textile, and brand. It generates revenue through the production and sale of ready-made garments, down materials, and home textile products. The company's operating segments are the Apparel Department which Handles the manufacturing, development, design, and sales of apparel, Down Material Department which Focuses on the manufacturing, development, and sales of down materials. and Home Textile Department which Engages in manufacturing, development, design, and sales of bedding. It generates majority of the revenue from Apparel department segment.
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