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Bescient Technologies Co (SHSE:688671) Asset Turnover : 0.12 (As of Dec. 2024)


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What is Bescient Technologies 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. Bescient Technologies Co's Revenue for the three months ended in Dec. 2024 was ¥165.9 Mil. Bescient Technologies Co's Total Assets for the quarter that ended in Dec. 2024 was ¥1,385.7 Mil. Therefore, Bescient Technologies Co's Asset Turnover for the quarter that ended in Dec. 2024 was 0.12.

Asset Turnover is linked to ROE % through Du Pont Formula. Bescient Technologies Co's annualized ROE % for the quarter that ended in Dec. 2024 was -9.76%. It is also linked to ROA % through Du Pont Formula. Bescient Technologies Co's annualized ROA % for the quarter that ended in Dec. 2024 was -7.85%.


Bescient Technologies Co Asset Turnover Historical Data

The historical data trend for Bescient Technologies 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.

Bescient Technologies Co Asset Turnover Chart

Bescient Technologies Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Asset Turnover
Get a 7-Day Free Trial 0.62 0.74 0.63 0.32 0.23

Bescient Technologies Co Quarterly Data
Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.09 0.03 0.04 0.05 0.12

Competitive Comparison of Bescient Technologies Co's Asset Turnover

For the Pollution & Treatment Controls subindustry, Bescient Technologies 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.


Bescient Technologies Co's Asset Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Bescient Technologies Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Bescient Technologies Co's Asset Turnover falls into.


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Bescient Technologies Co Asset Turnover Calculation

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

Bescient Technologies 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 )
=329.358/( (1458.27+1381.57)/ 2 )
=329.358/1419.92
=0.23

Bescient Technologies 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: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=165.875/( (1389.927+1381.57)/ 2 )
=165.875/1385.7485
=0.12

* 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.


Bescient Technologies Co  (SHSE:688671) Asset Turnover Explanation

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

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

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=-108.792/1114.4575
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-108.792 / 663.5)*(663.5 / 1385.7485)*(1385.7485/ 1114.4575)
=Net Margin %*Asset Turnover*Equity Multiplier
=-16.4 %*0.4788*1.2434
=ROA %*Equity Multiplier
=-7.85 %*1.2434
=-9.76 %

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:

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

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=-108.792/1385.7485
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-108.792 / 663.5)*(663.5 / 1385.7485)
=Net Margin %*Asset Turnover
=-16.4 %*0.4788
=-7.85 %

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.


Bescient Technologies Co Asset Turnover Related Terms

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Bescient Technologies Co Business Description

Traded in Other Exchanges
N/A
Address
Liuxian 3rd Road, Xin'an Street, Room 301, Building 2, Runheng Industrial Zone, No. 1, Xingdong, Bao'an, Guangdong, Shenzhen, CHN, 518101
Bescient Technologies Co Ltd is a national high-tech backbone enterprise engaged in the development of environmental automatic monitoring. It has always focused on the independent research and development of scientific instruments and big data and is committed to building multi-industry intelligent applications and services that perceive and interconnect all things, and provide strong technical support for the construction of the national ecological environment, water conservancy and public safety. Its main business involves research and development, production and technical services in the fields of intelligent environmental monitoring equipment, environmental monitoring Internet of Things and ecological environment big data, smart water affairs, digital agriculture, and public security.
Executives
He Yuan Ping Director

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