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Clean Life Co (SAU:9581) Asset Turnover : 0.87 (As of Dec. 2024)


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What is Clean Life Co Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Clean Life Co's Revenue for the six months ended in Dec. 2024 was ﷼30.96 Mil. Clean Life Co's Total Assets for the quarter that ended in Dec. 2024 was ﷼35.55 Mil. Therefore, Clean Life Co's Asset Turnover for the quarter that ended in Dec. 2024 was 0.87.

Asset Turnover is linked to ROE % through Du Pont Formula. Clean Life Co's annualized ROE % for the quarter that ended in Dec. 2024 was 37.86%. It is also linked to ROA % through Du Pont Formula. Clean Life Co's annualized ROA % for the quarter that ended in Dec. 2024 was 25.99%.


Clean Life Co Asset Turnover Historical Data

The historical data trend for Clean Life Co'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.

Clean Life Co Asset Turnover Chart

Clean Life Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Asset Turnover
- 1.95 1.87 1.83

Clean Life Co Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24
Asset Turnover - 0.95 0.93 1.00 0.87

Competitive Comparison of Clean Life Co's Asset Turnover

For the Personal Services subindustry, Clean Life 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.


Clean Life Co's Asset Turnover Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Clean Life Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Clean Life Co's Asset Turnover falls into.



Clean Life Co Asset Turnover Calculation

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

Clean Life Co's Asset Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2024 )/( (Total Assets (A: Dec. 2023 )+Total Assets (A: Dec. 2024 ))/ count )
=61.074/( (28.068+38.877)/ 2 )
=61.074/33.4725
=1.82

Clean Life Co's Asset Turnover for the quarter that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=30.962/( (32.218+38.877)/ 2 )
=30.962/35.5475
=0.87

* 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.


Clean Life Co  (SAU:9581) Asset Turnover Explanation

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

Clean Life Co's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=9.238/24.4015
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(9.238 / 61.924)*(61.924 / 35.5475)*(35.5475/ 24.4015)
=Net Margin %*Asset Turnover*Equity Multiplier
=14.92 %*1.742*1.4568
=ROA %*Equity Multiplier
=25.99 %*1.4568
=37.86 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2024) net income data. The Revenue data used here is two times the semi-annual (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:

Clean Life Co's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=9.238/35.5475
=(Net Income / Revenue)*(Revenue / Total Assets)
=(9.238 / 61.924)*(61.924 / 35.5475)
=Net Margin %*Asset Turnover
=14.92 %*1.742
=25.99 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2024) net income data. The Revenue data used here is two times the semi-annual (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.


Clean Life Co Asset Turnover Related Terms

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Clean Life Co Business Description

Traded in Other Exchanges
N/A
Address
PO.Box 4655, Al Rawabi District, Riyadh, SAU, 14214
Clean Life Co is a company specialized in providing general building cleaning activities, specialized building cleaning including chimneys, windows, etc., swimming pool cleaning and maintenance, and disinfection and fumigation activities to exterminate insects and rodents. The group's operations consist of one operational sector, which is general cleaning activities for buildings of all types.

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