GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Samudera Shipping Line Ltd (SGX:S56) » Definitions » Asset Turnover

Samudera Shipping Line (SGX:S56) Asset Turnover : 0.26 (As of Jun. 2024)


View and export this data going back to 1997. Start your Free Trial

What is Samudera Shipping Line Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Samudera Shipping Line's Revenue for the six months ended in Jun. 2024 was S$301.4 Mil. Samudera Shipping Line's Total Assets for the quarter that ended in Jun. 2024 was S$1,180.0 Mil. Therefore, Samudera Shipping Line's Asset Turnover for the quarter that ended in Jun. 2024 was 0.26.

Asset Turnover is linked to ROE % through Du Pont Formula. Samudera Shipping Line's annualized ROE % for the quarter that ended in Jun. 2024 was 7.71%. It is also linked to ROA % through Du Pont Formula. Samudera Shipping Line's annualized ROA % for the quarter that ended in Jun. 2024 was 4.78%.


Samudera Shipping Line Asset Turnover Historical Data

The historical data trend for Samudera Shipping Line'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.

Samudera Shipping Line Asset Turnover Chart

Samudera Shipping Line Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.29 1.10 1.16 1.35 0.64

Samudera Shipping Line Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 0.70 0.60 0.35 0.31 0.26

Competitive Comparison of Samudera Shipping Line's Asset Turnover

For the Marine Shipping subindustry, Samudera Shipping Line'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.


Samudera Shipping Line's Asset Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Samudera Shipping Line's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Samudera Shipping Line's Asset Turnover falls into.



Samudera Shipping Line Asset Turnover Calculation

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

Samudera Shipping Line's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=776.522/( (1200.854+1212.459)/ 2 )
=776.522/1206.6565
=0.64

Samudera Shipping Line's Asset Turnover for the quarter that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=301.368/( (1212.459+1147.512)/ 2 )
=301.368/1179.9855
=0.26

* 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.


Samudera Shipping Line  (SGX:S56) Asset Turnover Explanation

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

Samudera Shipping Line's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=56.38/731.2795
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(56.38 / 602.736)*(602.736 / 1179.9855)*(1179.9855/ 731.2795)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.35 %*0.5108*1.6136
=ROA %*Equity Multiplier
=4.78 %*1.6136
=7.71 %

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

Samudera Shipping Line's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=56.38/1179.9855
=(Net Income / Revenue)*(Revenue / Total Assets)
=(56.38 / 602.736)*(602.736 / 1179.9855)
=Net Margin %*Asset Turnover
=9.35 %*0.5108
=4.78 %

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


Samudera Shipping Line Asset Turnover Related Terms

Thank you for viewing the detailed overview of Samudera Shipping Line's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Samudera Shipping Line Business Description

Traded in Other Exchanges
N/A
Address
6 Raffles Quay, No. 25-01, Singapore, SGP, 048580
Samudera Shipping Line Ltd is a cargo transportation company that is engaged in owning and operating ocean-going ships and the provision of containerized feeder shipping services. Its segments include Container Shipping, Bulk and Tanker, Agencies and Logistics. The Container Shipping segment provides feeder services for the transportation of containerized cargo between Singapore as a hub port and other outgoing spoke ports in Asia, as well as inter-region and intra-region container shipping services to end users. The Bulk and Tanker segment provides transportation of special dry bulk, liquid, and gas cargo in the international, as well as Indonesian domestic market. Its Agencies and Logistics segment provides agency services, forwarding, warehousing and general logistics services.

Samudera Shipping Line Headlines

No Headlines