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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. Secoo Holding's Revenue for the
six
months ended in Jun. 2022 was $173.9 Mil. Secoo Holding's Total Assets for the quarter that ended in Jun. 2022 was $630.4 Mil. Therefore, Secoo Holding's Asset Turnover for the quarter that ended in Jun. 2022 was 0.28.
Asset Turnover is linked to ROE % through Du Pont Formula. Secoo Holding's annualizedROE % for the quarter that ended in Jun. 2022 was -117.78%. It is also linked to ROA % through Du Pont Formula. Secoo Holding's annualizedROA % for the quarter that ended in Jun. 2022 was -38.68%.
Note:
The Net Income data used here is two times the semi-annual (Jun. 2022) net income data. The Revenue data used here is two times the semi-annual (Jun. 2022) 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:
Secoo Holding's annulizedROA % for the quarter that ended in Jun. 2022 is
Note:
The Net Income data used here is two times the semi-annual (Jun. 2022) net income data. The Revenue data used here is two times the semi-annual (Jun. 2022) 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.
Secoo Holding Asset Turnover Related Terms
Secoo Holding Asset Turnover Historical Data
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The historical data trend for Secoo Holding'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.
SECOY vs PIK, MOGU, HWGC: Asset Turnover Comparison
For the Internet Retail subindustry, Secoo Holding'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.
Secoo Holding Asset Turnover vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Secoo Holding's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Secoo Holding'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.
Secoo Holding (SECOY) has a Asset Turnover of 0.28 as of Jun. 2022. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Secoo Holding and its competitors.
Is Secoo Holding's Asset Turnover too high?
Secoo Holding's current Asset Turnover is 0.28. Overall, Secoo Holding has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Secoo Holding's Asset Turnover compare to PIK and MOGU?
Secoo Holding's Asset Turnover of 0.28 can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Retail - Cyclical company?
A good Asset Turnover depends on the Retail - Cyclical industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Secoo Holding and its competitors. Secoo Holding's current Asset Turnover is 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Secoo Holding stock overvalued right now?
Secoo Holding (SECOY) has a current Asset Turnover of 0.28. The current Asset Turnover is 0.28. Secoo Holding's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Secoo Holding (SECOY), the current Asset Turnover is 0.28 as of Jun. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Secoo Holding Ltd operates an online and offline shopping platform in China. It operates as an online retailer in China through the website, mobile applications, and offline experience centers in Beijing, Shanghai, Chengdu, Tianjin, Xiamen, Qingdao, and Malaysia. Also, the company is cooperating with brand boutiques such as Versace boutiques for its customers to pick up products ordered on its online platform. The majority of revenue is generated from its online business. Its geographical segments are China, Hongkong, and Others, of which the majority of the revenue is generated from China.
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