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Comba Telecom Systems Holdings (SGX:STC) Asset Turnover : 0.26 (As of Jun. 2024)


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What is Comba Telecom Systems Holdings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Comba Telecom Systems Holdings's Revenue for the six months ended in Jun. 2024 was S$405.6 Mil. Comba Telecom Systems Holdings's Total Assets for the quarter that ended in Jun. 2024 was S$1,557.9 Mil. Therefore, Comba Telecom Systems Holdings's Asset Turnover for the quarter that ended in Jun. 2024 was 0.26.

Asset Turnover is linked to ROE % through Du Pont Formula. Comba Telecom Systems Holdings's annualized ROE % for the quarter that ended in Jun. 2024 was -9.31%. It is also linked to ROA % through Du Pont Formula. Comba Telecom Systems Holdings's annualized ROA % for the quarter that ended in Jun. 2024 was -3.52%.


Comba Telecom Systems Holdings Asset Turnover Historical Data

The historical data trend for Comba Telecom Systems Holdings'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.

Comba Telecom Systems Holdings Asset Turnover Chart

Comba Telecom Systems Holdings 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 0.51 0.45 0.52 0.57 0.59

Comba Telecom Systems Holdings 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 0.27 0.30 0.31 0.28 0.26

Competitive Comparison of Comba Telecom Systems Holdings's Asset Turnover

For the Communication Equipment subindustry, Comba Telecom Systems Holdings'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.


Comba Telecom Systems Holdings's Asset Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Comba Telecom Systems Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Comba Telecom Systems Holdings's Asset Turnover falls into.



Comba Telecom Systems Holdings Asset Turnover Calculation

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

Comba Telecom Systems Holdings'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 )
=1020.332/( (1836.315+1604.876)/ 2 )
=1020.332/1720.5955
=0.59

Comba Telecom Systems Holdings'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 )
=405.589/( (1604.876+1510.968)/ 2 )
=405.589/1557.922
=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.


Comba Telecom Systems Holdings  (SGX:STC) Asset Turnover Explanation

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

Comba Telecom Systems Holdings's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=-54.84/588.79
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-54.84 / 811.178)*(811.178 / 1557.922)*(1557.922/ 588.79)
=Net Margin %*Asset Turnover*Equity Multiplier
=-6.76 %*0.5207*2.646
=ROA %*Equity Multiplier
=-3.52 %*2.646
=-9.31 %

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:

Comba Telecom Systems Holdings's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=-54.84/1557.922
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-54.84 / 811.178)*(811.178 / 1557.922)
=Net Margin %*Asset Turnover
=-6.76 %*0.5207
=-3.52 %

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.


Comba Telecom Systems Holdings Asset Turnover Related Terms

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Comba Telecom Systems Holdings Business Description

Traded in Other Exchanges
Address
Hong Kong Science Park, Unit 611, Building 8W, Pak Shek Kok, New Territories, Hong Kong, HKG
Comba Telecom Systems Holdings Ltd is an investment holding company. The company operates in two segments: Wireless telecommunications network system equipment & services and Operator telecommunication services. Its solutions include Antenna Site, In-Vehicle Broadband, Indoor Coverage Enhancement, Large Venue Coverage, LTE Upgrade, Railway/Tunnel Coverage, Wireless Backhaul, and Small Cell. It serves various industries such as airports, Education, Government and Public, Hospitality, Stadium, Transportation, and others. The company generates maximum revenue from the Wireless telecommunications network system equipment & services segment. Its geographical segments are Mainland China, Other countries/areas in the Asia Pacific, Americas, European Union, Middle East, and Other countries.